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Latest Market News and RECON
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| Market News |
Bell County foreclosures increase
(Multifamily,
Killeen-Temple-Fort Hood,
7/22/2008)
(Bell County) - Bell County residences continue to slide into foreclosure at a record pace. According to figures released by Foreclosure Listing Service Inc., August 2008 is up 53 percent over August...
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Concord set to bring 260 rooms to S.A. hotel market
(Hotel,
San Antonio,
7/22/2008)
Raleigh, N.C.-based Concord Hospitality Enterprises Co. is set to break ground on a 120-room Courtyard by Marriott and a 140-room Residence Inn by Marriott. Both hotels - located at Interstate 10 and...
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Developers to break ground on $52M Allen Events Center
(Public Facilities,
Dallas-Fort Worth-Arlington,
7/22/2008)
(Allen) - A groundbreaking will soon be held for the $52.6 million Allen Events Center. The 6,275-seat multipurpose venue will be part of The Village at Allen, a mixed-use development on U.S. Highway...
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Existing homes sales continue to fall
(Housing,
Austin-Round Rock,
7/22/2008)
Sales of existing single-family homes in Central Texas during June fell 20 percent from a year earlier to 2,211. It was the 12th consecutive month that home sales dropped. Pending sales -- those expected...
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Heights Target open - Killeen Target closed
(Retail,
Killeen-Temple-Fort Hood,
7/22/2008)
(Harker Heights & Killeen) - The Target store in Killeen has closed its doors for the final time, while the Target store in Harker Heights has officially opened its doors. Target will be the second major...
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Rathgeber sells Headwaters site
(Land,
Austin-Round Rock,
7/22/2008)
(Dripping Springs) - Local developer Dick Rathgeber has sold Headwaters at Barton Creek, a planned 1,000-lot subdivision three miles east of Dripping Springs, to Austin-based Masonwood Communities. Masonwood...
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Realty Capital planning $31M redevelopment
(Multifamily,
Dallas-Fort Worth-Arlington,
7/22/2008)
(Dallas) - Two office buildings totaling 125,000 sf have changed hands. The buildings are located on eight acres at 5919 Maple Avenue in the Southwestern Medical District. The redevelopment plan, including...
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| RECON |
Health Insurance Giant Coming to Alliance
(Office,
Dallas-Fort Worth-Arlington,
7/22/2008)
FORT WORTH ( Fort Worth Star-Telegram ) – The nation’s fourth largest health insurer has begun construction on a $232.5 million, 250,000-sf data center in Hillwood’s Alliance development...
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Wachovia's $9 Billion Loss
(Economy,
U.S.,
7/22/2008)
NEW YORK (CNNMoney.com) – Wachovia Corp. has posted an $8.9 billion loss for its second quarter. The losses were related to home mortgages and the bank's declining market value.
Excluding...
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Hamilton Takes Two Out West
(Multifamily,
El Paso,
7/22/2008)
EL PASO (globest.com) – Hamilton Zanze & Co. has purchased two Class-B multifamily complexes totaling 428 units in West Texas.
The first was the 248-unit Ryan’s Mill Apartments at 601...
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Conroe's Educated Addition
(Education,
Houston-Sugar Land-Baytown,
7/22/2008)
CONROE ( Houston Chronicle ) – Conroe Independent School District has purchased a 16-acre parcel to build a new elementary school in the 3,000-acre Woodforest community.
The property is off the...
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Teaming up for Capstar Plaza
(Office,
Austin-Round Rock,
7/22/2008)
AUSTIN ( Austin Business Journal ) – Capital City Partners LLC and Sage Land Co. are teaming up to develop a 115,000-sf Class-A office project just west of downtown.
The eight-story Capstar at...
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New Zoo Exhibit Roaring Along
(Public Facilities,
San Antonio,
7/22/2008)
SAN ANTONIO ( San Antonio Business Journal ) – The San Antonio Zoo is gearing up for construction on phase two of its Africa Live! exhibit, which will feature new plant and animal life...
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LBA's Office Pickup
(Office,
Dallas-Fort Worth-Arlington,
7/22/2008)
RICHARDSON ( Texas Real Estate Business Online ) – LBA Realty LLC has purchased a two-story office building on seven acres at 1410 E. Renner Rd. in northeast Dallas.
The property includes...
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