Southwest Regional News RSS

As San Antonio Office Market Rebounds, Transwestern Takes Over at 2MSF Mixed-Use

Wed, 28 Oct 2009 13:05:00 UTC

With San Antonio's office market rebounding in the third quarter, Transwestern�s local office hopes to take advantage of that good karma with the contract to handle the real estate services assignment for the Brooks City-Base development there.

Northstar Makes 370,000SF Distressed Play Near Houston

Wed, 28 Oct 2009 13:05:00 UTC

Northstar Commercial Partners has acquired a 370,000-square-foot distribution center in Sugar Land, Texas, near Houston.

Owners Increasingly Seeking LEED Certification for Existing Buildings

Wed, 28 Oct 2009 13:05:00 UTC

Despite the economic challenges of today�s market and economy, developer interest in the U.S. Green Building Rating System�s Leadership in Energy and Environmental Design program is on the rise. Notably, while still not quite as prevalent as LEED certification for new construction, LEED retrofitting of existing building continues to grow.

ProLogis Signs ITS to 176,000SF Reno Lease Renewal

Wed, 28 Oct 2009 13:05:00 UTC

Global industrial property REIT ProLogis has signed a lease renewal for 176,000 square feet of distribution space in Reno, Nev., with ITS Logistics, a third-party logistics provider.

Dallas Prepares for Future Demand with Groundbreaking on $348M Convention Center Hotel

Wed, 28 Oct 2009 13:05:00 UTC

The credit crunch has put a damper on hotel construction and the ensuing recession eroded demand, thereby veritably eradicating the need for new development. But in Dallas, city officials have an eye on the future. Anticipating a jump in the necessity for additional meeting facilities in the next few years, the city just broke ground on the $348 million, 1,000-room Omni Dallas Convention Center Hotel.

120,000SF Deal is San Antonio's Largest Office Lease of Year

Wed, 28 Oct 2009 13:05:00 UTC

The San Antonio office leasing market is inching back from a traumatic hit taken during the first quarter of 2009 after posting 468,800 square feet of negative absorption. But in an office market with 20 percent vacancy, San Antonio�s largest lease transaction of the year barely makes a dent in those figures.

In Sluggish San Antonio Retail Market, 742,000SF Mall Finds a New Owner

Wed, 28 Oct 2009 13:05:00 UTC

With the economy languishing in a severe slump and the credit market in a deep freeze, investment activity in San Antonio's retail market--despite its status as one of the country's least-troubled retail markets--is at a low point. So, given the circumstances, Trammell Crow Co.'s recent sale of the 742,000-square-foot Crossroads Mall marks quite a coup.

Economic Update - Home Price Uptick? Sort Of

Wed, 28 Oct 2009 13:05:00 UTC

On the heels of news Monday that new home sales were up a little, home prices inched up as well--at least, those measured by the Standard & Poor's/Case-Shiller Home Price Index in its raw form. In May, the index, which measures prices in 20 metropolitan areas, rose 0.5 percent over April, following a 0.6 percent drop the month from March to April. The movement is notable as the first time the index has moved up in three years.

Bad Luck Continues for Vegas Developers as Fontainebleau Files for Bankruptcy

Wed, 28 Oct 2009 13:05:00 UTC

Fontainebleau Las Vegas L.L.C. and two of its affiliates are the latest to find themselves flat out of cash in Sin City after the owners of the 3,900-room resort, which is 70 percent complete and was setto open in October, filed for Chapter 11 bankruptcy protection.

Houston Marks a Green Milestone

Wed, 28 Oct 2009 13:05:00 UTC

As green development continues to thrive across the country, Houston�s First City Tower has earned LEED Gold certification for an existing building from the U.S. Green Building Council, marking a milestone for sustainable development in the market.

Despite Economy, Leasing Continues Apace at AllianceTexas

Wed, 28 Oct 2009 13:05:00 UTC

With Texas' business climate not quite as dire as in other parts of the country, Fort Worth�s AllianceTexas development hit almost record levels of leasing in the first three months of 2009 with more than 1.2 million square feet.

McShane Completes 186,000-SF Office Complex in Phoenix

Wed, 28 Oct 2009 13:05:00 UTC

On behalf of the owner, SCF Arizona, McShane Development Co. completed the six-story, 186,000-square-foot Class A office complex, located at 44th and Washington Streets in Phoenix, Ariz.