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The Jones Team

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  • Partnership to develop The Knoll at South Congress
    ​​​​AUSTIN – A partnership between PointOne Holdings and NRP Group will develop The Knoll at South Congress, a 308-unit multifamily community.Units at the 13.3-acre, Class A property will feature stone countertops, designer cabinetry, stainless steel appliances, and hardwood-style flooring. Amenities will include a pool, fitness center, resident clubhouse, business center, dog park, spa, ... read more
    Source: on 2019-05-18
  • Fort Capital snags 157K-sf Valwood Portfolio
    ​​​​DALLAS – Fort Capital has purchased the five-property Valwood Portfolio.The 157,000-sf portfolio includes the properties throughout the north and northwest parts of the city. With this acquisition, Fort Capital’s industrial portfolio now spans approximately 1.7 million sf. ... read more
    Source: on 2019-05-17
  • Waterworks Highline going up in the Heights
    ​​​​HOUSTON – Urban Genesis has purchased an acre for Waterworks Highline, a multifamily development in the Heights near the corner of W. ​20th and Lawrence Streets. The four-story building will house 80 to 100 units averaging 650 to 700 sf. The average monthly rent will be $1,300.​Work will start by the end of the year.​Avison ... read more
    Source: on 2019-05-17
  • Texas unemployment returns to record low
    ​​AUSTIN – Texas' seasonally adjusted unemployment rate fell to 3.7 percent in April, returning to an all-time low last held in December 2018, reports the Texas Workforce Commission (TWC).Last month marked the 108th consecutive month of annual nonfarm employment growth as 28,900 seasonally adjusted positions were created."Our state’s ongoing success is linked ... read more
    Source: on 2019-05-17
  • 5.4M sf industrial space underway in North Houston
    ​​​HOUSTON – The north industrial submarket has posted positive net absorption in all but two quarters during the past five years, and vacancies have remained steady, averaging 7.6 percent during the period.Inventory expansion since the oil downturn in 2014 has added 217 industrial properties totaling an additional 13.3 million sf, representing ... read more
    Source: on 2019-05-17
  • Gray Spear starts on 125K-sf mixed-use project
    ​​​CYPRESS – Gray Spear Development has broken ground on a 124,500-sf office-warehouse project at 19005 FM 529.The $12 million business park is on 12.2 acres and will have 526 ft of frontage along the feeder road to SH 290.Construction will wrap up late 2019. ... read more
    Source: on 2019-05-17
  • SA office/medical markets continue positive growth
    ​​​SAN ANTONIO – At the end of first quarter 2019, the vacancy rate for Class A and Class B office/medical properties rose 90 basis points quarter over quarter to 16.8 percent.Net absorption slowed to -94,000 sf, with Class A space representing -46,000 sf and Class B space totaling -47,000 sf.Worth & Associates and TSAOG have ... read more
    Source: on 2019-05-17
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