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  • GVA winding up to acquire 438-unit complex
    ​​​​​​​HOUSTON – GVA Real Estate Group has acquired Winding Trails, a 438-unit, garden-style apartment community ​​at 10330 Wilcrest Dr. near Beltway 8 and I-69.The nearly 14-acre property was originally developed in 1979 and encompasses a mix of one-, two-, and three-bedroom units averaging 803 sf.Amenities include country kitchens with pass-through ... read more
    Source: https://www.recenter.tamu.edu/rss/newstalkPublished on 2019-01-19
  • Houston Center, we’ve got a renovation on deck
    ​​​HOUSTON – Brookfield Properties will break ground in February on a full-scale renovation of Houston Center, the four-building mixed-use complex that Brookfield bought in 2017 for $875 million, a record-high sum.Renovations will include a new central plaza and green space along McKinney St., a digital water wall, upgrades to the ... read more
    Source: https://www.recenter.tamu.edu/rss/newstalkPublished on 2019-01-19
  • Patience: 600 Building sale completed after three-year negotiation
    ​​​​​​​CORPUS CHRISTI – After three years in negotiations, Wisznia Architecture and Development of New Orleans have purchased the 600 Building in uptown.​Designed as a business tower, the building soon will become a 131-unit multifamily apartment complex.No changes are expected for the exterior, which will be preserved in compliance with federal and state historical ... read more
    Source: https://www.recenter.tamu.edu/rss/newstalkPublished on 2019-01-18
  • UTRGV inaugurates 112K-sf Science Building
    ​​​EDINBURG – The new 111,882-sf Science Building at the University of Texas – ​​Rio Grande Valley was officially inaugurated after finishing construction in May 2018.The new building includes 17 research labs, four teaching labs, three general classrooms, 43 faculty and staff offices, two research assistant suites, conference rooms, and open study areas.The ... read more
    Source: https://www.recenter.tamu.edu/rss/newstalkPublished on 2019-01-18
  • Simpkins Group acquires 129K-sf Houston office
    ​​​​​​​​HOUSTON – Weingarten Realty Investors has sold a 129,250-sf office building at 1919 N. Loop W. to Simpkins Group Inc.The building's occupancy hovers​​​​​ between 85 percent and 90 percent, according to JLL. Since the time of purchase, Simpkins Group has increased rent rates at the building. JLL represented Weingarten in the ... read more
    Source: https://www.recenter.tamu.edu/rss/newstalkPublished on 2019-01-18
  • NAPA flattens its North Texas portfolio
    ​​​​​DALLAS – Austin-based NAPA Ventures LLC has sold four of their multifamily properties in North Texas. The company purchased the properties as part of an eight-property portfolio in 2016 and renovated each as part of a value-add strategy.The properties include:Westwood Apartments at 3064 Spruce Valley Ln. in Dallas;Ravenwood Apartments at 2333 Escalante Ave. in Fort Worth;Oates ... read more
    Source: https://www.recenter.tamu.edu/rss/newstalkPublished on 2019-01-18
  • Texas unemployment remains at historic low
    ​​​AUSTIN – Texas’ seasonally adjusted unemployment rate remained steady at 3.7 percent in December, marking the third consecutive month of historic unemployment lows.​According to data from the Texas Workforce Commission, the state’s seasonally adjusted unemployment has been at this level since October.​The Texas economy added 38,0​00 seasonally adjusted nonfarm jobs last month. The ... read more
    Source: https://www.recenter.tamu.edu/rss/newstalkPublished on 2019-01-18
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