TX CRE Brief: April 2021
And we keep rolling along. Deals are getting done, the economy is heating up, but supply chain issues are still a problem. All that and more below. Thanks for stopping by!
DEALS, MARKETS, ANNOUNCEMENTS
Dallas Business Journal and Relocation Station thinks that Allen might soon be competing for HQs with the likes of Plano and Frisco.
REBusiness Online reports that Manhattan Five Partners Acquires 2,167-Unit Multifamily Portfolio in Dallas-Fort Worth.
Community Impact reports that ground was broken for a San Marcos $25 million cannabis cultivation, production, distribution and retail facility being built by Parallel/Goodbend.
Connect Media reports that Street Lights Residential broke ground on 343 additional apartment homes in its Viridian community in Arlington.
Realty News Report shares that World Houston Plaza was sold via the Ten-X auction platform. David L. Carter of Colliers represented the seller and David Z. Mafrige Interests was the buyer.
Connect Media reports that Shops at Reagan’s Hope is now under construction bringing 22,500 square-feet of small-shop retail space to Cedar Park.
REBusinessOnline reports that NewRez Signs 60,188 SF Office Lease at 17000 Katy Freeway in West Houston.
NewsTalks Texas reports that Cohen-Esrey Development Group is developing Loma Vista Lofts, a $37.8M 196-unit project consisting of 1, 2, & 3 bedroom units.
ECONOMY
Wells Fargo commercial shares that Texas Payrolls have Edged up in April.
Wells Fargo Commercial predicts 6.4% growth this year, in its April 2021 US Economic Outlook report.
Wells Fargo’s Shannon Seery and Sr. Economist Sarah House discuss How Recent Supply Chain Constraints are Effecting the Economy.
PODCAST SPOTLIGHT
The Ralph Bivens Project video podcast is great. Bivens brings many great San Antonio commercial real estate leaders to screen to share their expertise. His Realty News Report website is a must read as well. This month, The RBP interviewed Andrew Pappas of Partners Capital, NAI Partners.
DISCLAIMER
All data included is from publicly available sources with attribution made whenever and wherever possible. In some instances, article links will take you to a paid source. Please follow support all of the linked sources. Each is definitely worth a subscription and some sort of support.