| Texas weekly unemployment claims hit nearly 130,000 at start of July | Texas weekly unemployment claims hit nearly 130,000 at start of July | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24569 | 2020-07-10T05:00:00Z | 2020-07-10T15:00:00Z | COLLEGE STATION – Initial unemployment claims in Texas shot up last week to almost 129,800 as the number of COVID-19 cases in Texas continued to increase.
The week ending July 4 was the worst for new claims since the week of May 16th.
Since March 21, nearly 2.8 million claims were filed in Texas, according to data from the U.S. Department of Labor (DOL).
Continuing unemployment claims decreased the week of June 27 to 1.21 million.
"Further waves of infections can reverse increased mobility and spending, affecting the path to recovery," said Real Estate Center Research Associate Paige Silva. "The second wave of COVID-19 cases in Texas has already prompted a partial scaling back of the reopening and a pause in future reopening plans.
"The rise in initial claims does not bode well for a full recovery at a time when COVID-19 cases continue to increase."
Using data from the DOL and the Employment and Training Administration, the Center estimates that from March 21 to June 27, over 609,000 seasonally adjusted claims were filed in Houston-The Woodlands-Sugar Land. Houston registered the largest accumulated number of initial unemployment claims by any Texas metro during that 15-week period. Here are Center estimates for the other three major and the four border metros during that time:
Dallas-Fort Worth-Arlington, 599,900 claims; San Antonio-New Braunfels, 188,200 claims;
Austin-Round Rock, 167,400 claims; McAllen-Edinburg-Mission, 68,600 claims; El Paso, 62,800 claims; Brownsville-Harlingen, 30,200 claims; and
Laredo, 18,900 claims.
In Texas, accommodation and food services, retail trade, and administrative/support/waste management/remediation services were the sectors with the greatest number of new unemployment claims in the week ending June 27.
In the U.S., initial unemployment claims over the past 16 weeks ticked up to nearly 50 million, but weekly numbers are declining. Continuing claims decreased for the fifth straight week during the last week of June.
 The Real Estate Center has a wealth of economic information online for free.
Source: Real Estate Center
| Real Estate Center
| Texas
| Employment
| | | | | Read more at {Source} |
| Luxury apartment building opens in Houston | Luxury apartment building opens in Houston | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24570 | 2020-07-10T05:00:00Z | 2020-07-10T15:00:00Z | HOUSTON – Madison Marquette has opened the Travis, a 30-story luxury apartment tower at 3300 Main St. in Midtown.
The 375,775-sf building has one-, two-, and three-bedroom apartments and two penthouses above 14,000 sf of retail space. A ground-floor restaurant will open in first quarter 2021.
Amenities include an aqua lounge with conference room, salt water pool, private cabanas, fire pits, lawn, 24-hour fitness center, conference center, 24-hour coffee bar with concierge, bike storage, package lockers, and on-site valet dry cleaning.
The Real Estate Center has more information like this online for free:
Source: Connect Media | Connect Media
| Houston-The Woodlands-Sugar Land
| Multifamily
| | | | | Read more at {Source} |
| 112K-sf CoffeeTech HQ brewing in Seguin | 112K-sf CoffeeTech HQ brewing in Seguin | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24571 | 2020-07-10T05:00:00Z | 2020-07-10T15:00:00Z | SEGUIN – CoffeeTech Industries is developing its 112,000-sf headquarters and manufacturing facility on 33 acres south of I-10 between 8th and Guadalupe Streets.
Construction will begin late this year and wrap up by 2022. The $56 million project will create 91 jobs.
Get more San Antonio industrial news on the Real Estate Center's website:
Source: San Antonio Business Journal | San Antonio Business Journal
| San Antonio-New Braunfels
| Industrial
| | | | | Read more at {Source} |
| 40K-sf senior-living community coming to Pflugerville | 40K-sf senior-living community coming to Pflugerville | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24572 | 2020-07-10T05:00:00Z | 2020-07-10T15:00:00Z | PFLUGERVILLE – Heritage Lakes Development is building Heritage Lakes of Pflugerville, a 40,000-sf senior-living community at 19100 Pleasant Bay Dr.
The project will have assisted-living, memory-care, and independent-living residences as well as cottages.
Amenities will include a fitness center, theater, beauty and barber shop, library, pool, game rooms, and walking trails. The community opens this fall.
| Connect Media
| Austin-Round Rock
| Senior Living
| | | | | Read more at {Source} |
| Partnership acquires 556 acres for Fort Worth industrial park | Partnership acquires 556 acres for Fort Worth industrial park | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24573 | 2020-07-10T05:00:00Z | 2020-07-10T15:00:00Z | FORT WORTH – A partnership between Clarion Partners, Crow Holdings Capital, and Rob Riner Cos. has acquired 556 acres at the southeast corner of Oak Grove and Joel East Roads.
The site will be home to Carter Park East, a seven million-sf industrial park. It will have both speculative and built-to-suit structures accommodating tenants needing up to 1.8 million sf.
Stream Realty Partners is handling leasing.
Construction begins this month. The first speculative buildings will deliver in summer 2021. The Real Estate Center has more on DFW's industrial market: | REBUSINESS
| Dallas-Fort Worth-Arlington
| Industrial
| | | | | Read more at {Source} |
| Colliers: Houston office market weakens in 2Q2020 | Colliers: Houston office market weakens in 2Q2020 | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24568 | 2020-07-10T05:00:00Z | 2020-07-10T14:00:00Z | 
HOUSTON – The local office market weakened over the second quarter and will likely not see much short-term improvement, according to Colliers International.
Market-wide office vacancy hit 20.5 percent last quarter, up from 20.1 percent in 1Q2020 and 19.9 percent in 2Q2019. This increase in the vacancy rate was caused by net negative absorption of 513,316 sf and the delivery of 454,523 sf of new product.
Houston’s office leasing activity fell 35 percent over the quarter from 4.5 million sf to 2.9 million sf primarily due to the stay-at-home orders in response to the COVID-19 pandemic.
Local sales volume decreased significantly over the quarter from $462 million in the first quarter to $74 million in the second.
Currently, there is 4.3 million sf of office space under construction that is 64 percent preleased.
Asking rents were relatively flat from the previous quarter and the second quarter last year. Downtown Class A asking rents saw the biggest decline, falling $1.80 from last year to $43.84 per sf.
Get more Houston-area office news on the Real Estate Center's website:
Source: Colliers International | Colliers International
| Houston-The Woodlands-Sugar Land
| Office
| | | | | Read more at {Source} |
| Read all about it: Statesman leases 35K-sf in South Austin | Read all about it: Statesman leases 35K-sf in South Austin | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24564 | 2020-07-09T05:00:00Z | 2020-07-09T17:00:00Z | AUSTIN – The Austin American-Statesman has leased 35,000 sf in the MetCenter Creative Office Building A at 8000 Metropolis Dr.
The newspaper publisher will move out of its prime location at S. Congress Ave. around mid-2021 to make way for redevelopment. The Real Estate Center has more office news for Austin-Round Rock:
| Austin Business Journal
| Austin-Round Rock
| Office
| | | | | Read more at {Source} |
| First National Bank Tower redevelopment almost complete | First National Bank Tower redevelopment almost complete | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24565 | 2020-07-09T05:00:00Z | 2020-07-09T17:00:00Z | DALLAS – Todd Interests is almost finished redeveloping the former First National Bank Tower in downtown into a 219-room Hyatt Thompson hotel. It will have two rooftop restaurant and bar concepts, a pool, fitness center, spa and pet parks, and 22,000 sf of meeting and event space.
Opening is set for November 2020.
Get more Dallas hotel news on the Real Estate Center's website.
| REBUSINESS
| Dallas-Fort Worth-Arlington
| Hotel
| | | | | Read more at {Source} |
| Sandman Signature Hotel underway at Star Park | Sandman Signature Hotel underway at Star Park | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24566 | 2020-07-09T05:00:00Z | 2020-07-09T17:00:00Z | IRVING – Northland Properties Corp. plans to build the Sandman Signature Hotel on SH 161 near Carpenter Fwy.
The 205-room, six-story hotel will have a 6,788 sf, 224‐seat Moxie’s Grill restaurant with an outdoor patio.
It will be part of Blue Star Land's 36-acre Star Park mixed-use development.
Get more Dallas hotel news on the Real Estate Center's website.
| Dallas Morning News
| Dallas-Fort Worth-Arlington
| Hotel
| | | | | Read more at {Source} |
| Tricon Precast inks 98K-sf industrial lease near downtown Dallas | Tricon Precast inks 98K-sf industrial lease near downtown Dallas | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24567 | 2020-07-09T05:00:00Z | 2020-07-09T17:00:00Z | DALLAS – Tricon Precast has signed a 98,259-sf industrial lease at 5200 E. Grand Ave.
The 109,108-sf warehouse has 19-ft clear heights and 200 parking spaces. Holt Lunsford Commercial represented the landlord, HLC Investments. Laughlin Commercial Realty Group represented the tenant.
The Real Estate Center has more on DFW's industrial market: | REBUSINESS
| Dallas-Fort Worth-Arlington
| Industrial
| | | | | Read more at {Source} |
| Brownsville Doctors Hospital sold | Brownsville Doctors Hospital sold | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24560 | 2020-07-09T05:00:00Z | 2020-07-09T16:00:00Z | BROWNSVILLE – Boston-based Capital Crossing has sold the Brownsville Doctors Hospital. The three-story, 79,296-sf vacant hospital is on five acres at 4750 N. Expy. It was licensed for 56 beds.
Originally built as a one-story facility in 2001, it was expanded in 2008 with an additional two stories and free-standing wound center.
CBRE arranged the sale.
The Real Estate Center has more RGV news you may find interesting: Source: CBRE | CBRE
| Brownsville-Harlingen
| Medical
| | | | | Read more at {Source} |
| Houston home sales return to typical levels . . . for now | Houston home sales return to typical levels . . . for now | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24561 | 2020-07-09T05:00:00Z | 2020-07-09T16:00:00Z | HOUSTON – An increase of homes going under contract in May after COVID-19-related stay-at-home orders expired led to a surge of closings in June. This drove home sales volumes back up to more typical summertime levels and even beyond 2019’s record pace.
However, renewed coronavirus concerns, stemming from a spike in cases across the metro and the state, may bring this sense of normalcy to an end by the fall. According to the Houston Association of Realtors, 9,328 single-family homes sold in June compared with 8,063 a year earlier. That translated to a 15.7 percent jump, a strong rebound from two straight months of declines brought on by coronavirus and ongoing strains in the energy industry.
The single-family home median price increased 3.6 percent to a historic high of $262,000. The average price dipped less than one percent to $319,881. Sales of all property types totaled 11,153, up 18.3 percent from June 2019. Total dollar volume for the month increased 15.1 percent to $3.3 billion.
June leases of single-family homes surged 15.3 percent year over year. However, leases of townhomes and condominiums were flat.
The average rent for single-family homes was down 1 percent to $1,906 while the average rent for townhomes and condominiums rose 7.9 percent to $1,731.
The Real Estate Center has more information on housing: | Houston Association of Realtors
| Houston-The Woodlands-Sugar Land
| Housing
| | | | | Read more at {Source} |
| Compass Rose Legacy campus relocating in Brooks expansion | Compass Rose Legacy campus relocating in Brooks expansion | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24562 | 2020-07-09T05:00:00Z | 2020-07-09T16:00:00Z | SAN ANTONIO – The Compass Rose Legacy charter school is expanding its campus within the Brooks mixed-use community.
Compass Rose will relocate to 70,000 sf at 3300 Sidney Brooks.
The school will remodel the building for its use, with the first floor complete by August 17.
The Real Estate Center has more San Antonio education news online for free.
Source: Connect Media | Connect Media
| San Antonio-New Braunfels
| Education
| | | | | Read more at {Source} |
| Affordable senior housing project coming to North Austin | Affordable senior housing project coming to North Austin | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24563 | 2020-07-09T05:00:00Z | 2020-07-09T16:00:00Z | AUSTIN – A partnership between Generation Housing Development, Hill Tide Partners, and the Austin Affordable Housing Corp. is developing Heritage Estates at Owen Tech.
The 174-unit affordable housing project will be on five acres at 14011 Owen Tech Blvd.
It will have one- and two-bedroom units, the majority of which will be reserved for renters earning up to 60 percent of the area's median income. About 10 percent of the units will be reserved for renters earning up to 40 percent. Construction will be complete by early 2022. Keybank provided $20 million in Freddie Mac financing for the project.
| REBUSINESS
| Austin-Round Rock
| Senior Living
| | | | | Read more at {Source} |
| Partnership building lakefront hotel and conference center | Partnership building lakefront hotel and conference center | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24558 | 2020-07-08T05:00:00Z | 2020-07-08T20:00:00Z | MARBLE FALLS – The city, the Marble Falls Economic Development Corporation, and Boerne-based Phoenix Hospitality Group are developing a full-service hotel and conference center at the south end of Main St.
The hotel will have 120 guest rooms; 21,000 sf of conference, event, and ballroom space; a lakefront restaurant and bar; and rooftop venue.
Get more Austin hotel news on the Real Estate Center's website.
| Connect Media
| Austin-Round Rock
| Hotel
| | | | | Read more at {Source} |
| 118-room WoodSpring Suites opens in Georgetown | 118-room WoodSpring Suites opens in Georgetown | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24559 | 2020-07-08T05:00:00Z | 2020-07-08T20:00:00Z | GEORGETOWN – WoodSpring Suites has opened a 118-room hotel at 904 Rockmoor Dr.
Amenities include a fitness center, laundry facility, and free WiFi.
Get more Austin hotel news on the Real Estate Center's website.
| Community Impact Newspaper
| Austin-Round Rock
| Hotel
| | | | | Read more at {Source} |
| Tenant taking 78K sf in new Star Business Park building | Tenant taking 78K sf in new Star Business Park building | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24554 | 2020-07-08T05:00:00Z | 2020-07-08T19:00:00Z | FRISCO – GEA Group is leasing 78,000 sf of industrial space in the Star Commerce Center II building.
The industrial building at 16005 Gateway Dr. is a new addition to Star Business Park. Outfitting the building for fall 2020 occupancy will cost $3.2 million.
Alliance Architects is designing the project. Lincoln Property brokered the lease.
The Real Estate Center has more on DFW's industrial market:
| Dallas Morning News
| Dallas-Fort Worth-Arlington
| Industrial
| | | | | Read more at {Source} |
| $111M expansion underway at Westminster senior community | $111M expansion underway at Westminster senior community | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24555 | 2020-07-08T05:00:00Z | 2020-07-08T19:00:00Z | AUSTIN – LCS is expanding Westminster, a 9.3-acre senior living community at 4100 Jackson Ave.
The expansion will add two five-story buildings.
The first will deliver 43 independent-living apartments, 38 memory-care units, 36 assisted-living units, dining options, parking, and amenity areas.
The second will include a fitness center, physical therapy space, salon, clinic, 15 underground parking spaces, and 18 independent-living apartments.
Ziegler arranged $110.9 million in financing for the project.
| REBUSINESS
| Austin-Round Rock
| Senior Living
| | | | | Read more at {Source} |
| 233-unit Simple Self Storage trades hands | 233-unit Simple Self Storage trades hands | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24556 | 2020-07-08T05:00:00Z | 2020-07-08T19:00:00Z | WACO – Simple Self Storage, a 233-unit self-storage facility at 2172 E. Loop 340, has been sold.
Built in 2017, the 24,740-sf facility offers units ranging from 25 to 200 sf.
The site also includes two acres for future expansion.
Marcus & Millichap arranged the transaction.
If you're looking for more news like this, head to the Center's website.
| REBUSINESS
| Waco
| Retail
| | | | | Read more at {Source} |
| Carlisle Port Arthur LP sells 27K-sf industrial building | Carlisle Port Arthur LP sells 27K-sf industrial building | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24557 | 2020-07-08T05:00:00Z | 2020-07-08T19:00:00Z | PORT ARTHUR – Carlisle Port Arthur LP has sold a 26,504-sf industrial building about six miles from the port.
Built on 10.3 acres, the property has 18-ft clear heights and a 26 percent office finish.
Lee & Associates brokered the sale.
If you're looking for more news like this, head to the Center's website.
| REBUSINESS
| Beaumont-Port Arthur
| Industrial
| | | | | Read more at {Source} |
