Hartman vREIT XXI Inc., a publicly registered non-traded real estate investment trust, has purchased the Spectrum Building, a 10-story, 175,300-square foot office property located in San Antonio, Texas, for $16.5 million, or approximately $94 per square foot. Read the rest here
Reis Inc.’s preliminary Q4 2018 report noted that, nationwide, retail vacancy rates remained unchanged quarter over quarter, while rent growth was more or less flat. Still, this wasn’t bad news; “many may recall that store closure announcements for Sears, Kmart, JC Penney . . . dominated the news at the end of 2017 . . […]
McALLEN – Local industrial vancy fell to 2.4 percent last quarter, a new record low, according to CBRE’s “4Q 2018 McAllen Industrial MarketView.” Fourth quarter 2018 net absorption increased compared with the previous quarter and pushed the annual net absorption 230,000 sf above the 2017 total. The overall industrial average asking rate declined $0.12 per […]
Think your rent is going up in the Dallas-Fort Worth area? Try Midland-Odessa, where the growth in the Permian Basin oil boom has caused rents to accelerate 21.3 percent. The annual pace of U.S. apartment rent growth accelerated to 3.3 percent in the fourth quarter, according to Richardson-based real estate technology and analytics firm RealPage […]
Westchase District Employees Raise $20,000 for Area Organizations in 21st Westchase District Corporate Challenge
Funds allow dozens of youth to attend Quillian Center Summer Camps and the Summer Business Camp for Girls (Houston, TX – April 26, 2018) – Earlier this month, more than 50 teams competed in the 21st Westchase District Corporate Challenge. More than 300 employees from a cross section of area companies, including engineering firms, banks, […]
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FightNight 30 – the 30th annual philanthropic endeavor hosted by The Real Estate Council (TREC) – drew attendees from all levels of the North Texas commercial real estate community to the Anatole Hilton on April 26. Networking was at its highest level. And, between appearances by famed boxer Marvelous Marvin Hagler, drop-ins from members from […]
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