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Texas Market News Headlines
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Market News compiled by the Real Estate Center at Texas A&M University
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New path for hikers, bikers in Linear Park System
The newest and longest addition to San Antonio's Linear Park System is now open to the public. For three miles, the concrete hike-and-bike path winds between the bald cypress and live oaks on the north bank of the Medina River, linking the Medina ...
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Home starts drop 32 percent in 2008 - Metrostudy
Single-family home starts declined 32 percent in San Antonio and single-family home sales were down 29 percent in 2008 compared with 2007, a worse-than-expected decline. During 2008, 8,719 new homes were started and 11,112 homes closed, according ...
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$1B investment in new plant expected
(Gregory) - Taijin Pipe Group Corp. (TPCO) has announced plans to invest about $1 billion to build a pipe manufacturing facility in Gregory. The company plans to build a mini-mill through its subsidiary, TPCO America Corp. In a mini-mill, products ...
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Austin office vacancy rate jumps more than 7 points
(Austin) - The vacancy rate for top-quality office space in Austin jumped to 20.8 percent in the fourth quarter from 13.5 percent a year earlier, according to Oxford Commercial. The new rate is a four-year high, and commercial real estate experts ...
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More businesses on track to open in 2009 in Market Heights
(Harker Heights) - With 32 stores open and counting, the Market Heights complex has influenced some out-of-state chains to start exploring secondary locations in other Texas markets. Some of the major stores set records in their parent compan ...
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2008 - Big year for local medical field
(Temple) - Health care plays a huge role in Temple’s economy and 2008 was an active year for medical projects in the community. Several building projects were completed in 2008 and others announced last year will be completed in 2009.
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Birders pump millions into local economy
Ecotourism in general and birding in particular are major players in the Rio Grande Valley’s economy. According to Defenders of Wildlife, 200,000 ecotourists visit the Lower Rio Grande Valley annually, pumping $150 million into the economy.< ...
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Cove's Speculative Building sold to movie theater developer
(Copperas Cove) - Jeff and Jamie Benson purchased the Speculative Building in Copperas Cove for $1.5 million. The 40,000-sf building, at 402 Constitution Drive, will be transformed into Cinergy Cinemas LP, a cinema-eatery slated for completion in ...
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Austin office, retail markets in top ten for 2009
While Austin’s economy continues to fare better than that of other U.S. cities, 2009 will be a challenging year for commercial real estate, according to a global forecast released by Grubb & Ellis Co. In the Austin area, the economy is b ...
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Foreclosures increase 52 percent
Foreclosures for January 2009 rose 52 percent over the same month last year for the nine-county Central Texas region. Postings filed for the upcoming Jan. 6 auction totaled 2,329 notices, compared with the 1,534 postings filed for the same month l ...
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Two vacant and idle stores now on track to open
After months of sitting vacant and idle, two new stores in Amarillo are on track to open. CVS Pharmacy will open a store at 3340 S. Western St. on Jan. 25, and a new Starbucks Coffee should open in April at 7404 S.W. 45th Ave.
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City of Abilene 2008 single-family home permits
December single-family permits issued by the City of Abilene bring housing yearly total for Abilene to 179 permits for a total of $30,910,532. The City issued six single-family building permits during December 2008 with total construction val ...
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DFW leasing stable for 2008, buoyed by early numbers
Strong leasing early in the year helped keep the Dallas-Fort Worth office market afloat during a worsening national recession. About 2.2 million sf of net leasing was recorded in 2008 - about the same as in 2007, according to preliminary numbers b ...
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Big warehouse leases nosedive in '08
The number of big warehouse leases has plummeted as the North Texas industrial market feels the effects of the tumbling national economy, credit crunch and reluctance of large corporations to sign long-term deals.
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Bent Tree Gardens office sold
(Dallas) - The Bent Tree Gardens office project at the Dallas North Tollway and Quorum Drive was acquired by RMB Investments. Constructed in 1985, the two-story office building has about 54,000 sf. It is just over 60 percent leased to se ...
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Bed: 4 | Bath: 3Price: $450,000
Bed: 4 | Bath: 2Price: $200,000
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