RW’s TX CRE Brief: 06/11/21
DEALS / ANNOUNCEMENTS
Austin
Austin Business Journal reports that Morgan Group is about to break ground on a 336-unit multi-family complex in Georgetown. (Paywall)
Data Center Frontier reports that Switch plans to build a ‘huge” new data center in Round Rock on land recently acquired from Dell.
DFW/Metroplex
Dallas Business Journal reports that Plano’s 5801 Headquarters Drive sold to Monarch Alternative Capital. (Paywall)
Connect CRE reports that Oregon-based Menashe Properties made its first acquisition in Texas with its purchase of the 367k sf Heritage One & Two class-A towers.
Houston
Connect CRE reports that Hardy Properties is pivoting to a new strategy and will offer move-in ready spaces citing ease of use and increased demand for move-in ready spaces.
Houston Business Journal reports that 35 South Capital, a new Houston-based investment company, purchased 3642 University Blvd., a mixed-use property in West University Place. (Paywall)
San Antonio
Connect CRE reports that CBRE consolidated three area offices in to one space at 1803 Broadway St.
OTHER INTERESTING NEWS
Connect CRE reports that an Appeals Court Leaves CDC Eviction Moratorium Intact for Now.
CoStar Group announces a Ten-for-One Stock Split.
ECONOMIC DATA
U.S. Bureau of Labor Statistics’ Consumer Price Index Summary reports that CPI for All Urban Customers (CPI-U) rose by 0.6 percent in May on a seasonally adjusted basis after rising 0.8 percent in April.
U.S. Bureau of Labor Statistics reports that Houston Area Employment shows that jobs are returning in Houston but below the national rate of growth.
UPCOMING EVENTS & IMPORTANT DATES
June 15: WiredScore Home North America Launch.
June 16: Burnham-Moores Morning Series: "PropTech - Beyond the Buzzwords” moderated by Prof. Norm Miller.
June 22: Dallas Business Journal Most Inspiring Leader Awards. Virtual, 12-1:30pm. #MostInspiringDFW.
July 1: Austin Business Journal’s Commercial Real Estate Awards nomination deadline. #ASJCREA.
BOOKS, COURSES, PODCASTS - RECOMMENDATIONS
Sandler Training. I recently went through the Sandler Selling System training and I can’t recommend it enough.
While on the subject of Sandler, make sure you subscribe to their Podcast: How to Succeed hosted by Mike Montague. It drops every week and is a great resource for improving all aspects of your professional sales toolkit.
THANK YOU AND HELLO - NEW CONTACTS
#DaveMiller, #AndrewFreitas, #DaveKeyser, #NancyPotolesi, #VivienKratzert, #ScottIrwin, #Christopher(Kip)Smith, #AmySt.Denis, #KaraSugimoto