SAN ANTONIO-After less than a year as property manager, Transwestern slides in as the leasing agent for the 95%-occupied Bank of America Plaza in downtown San Antonio. The former contract holder resigns to focus on tenant representation.
AUSTIN-Occupancy is the highest in the state, cresting close to 95% and creating a market of stable rent across all classes. Meanwhile, more than one million sf is rising, most of it as pre-leased product.
AUSTIN-Meals on Wheels moved in over the weekend to a 20,000-sf building at 3227 E. Fifth St. The new location brings relief from pent-up growth in recent years to provide more meals for Austin residents.
SAN ANTONIO-David Nicolson takes over the reins from Mike Birnbaum, who has left to start his own firm. Nicolson has been part of Weitzman's San Antonio office for a decade. Also, NAI CIP adds an industrial broker to its Austin ranks.
AUSTIN-The 176-unit Primrose of Shadow Creek has signed 18 tenants to date. The Northeast Austin project is a first for the city and a first in Austin for the Dallas-based developer, Southwest Housing Development.
AUSTIN-Central Texas cities are cutting back on municipal services because of shortfalls in sales tax revenue. The average occupancy of 95% is readily reconcilable with lackluster sales, says one analyst.
AUSTIN-Central Texas cities are cutting back on municipal services because of shortfalls in sales tax revenue. The average occupancy of 95% is readily reconcilable with lackluster sales, says one analyst.
AUSTIN-The company says it's working with lenders to resolve "noncompliance" issues. The latest numbers show a $2.4-million loss in the Q2 comparisons, but an increase in revenue from $3.4 million to $4 million.
SAN ANTONIO-Paul Roberson wins the honor from the Washington, DC-based National Association of Installation Developers. Under his leadership, the decommissioned base now has 50 tenants and 12,500 jobs.
AUSTIN-Talk around town is Wells REIT paid about $200 per sf for the 195,230-sf Harcourt Building in the northwest submarket. The single-tenant building comes with a 10-year lease, in keeping with Wells' buying strategy.