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abilene: Texas office markets struggle in 4Q09 - 02/13/10 12:14 PM
TEXAS' Q4 OFFICE PERFORMANCES VARY
SANTA ANA, CA (Grubb & Ellis) - The office markets in Dallas-Fort Worth and Houston struggled in fourth quarter 2009, while Austin and San Antonio showed some positive signs, according to Grubb & Ellis.
Dallas-Fort Worth ended 2009 with a total negative absorption of 941,499 sf, 265,402 sf of which was posted in the fourth quarter. Vacancy rose 30 basis points to 22.8 percent in the fourth quarter, its highest level in over four years. Overall asking rents declined $0.20 in the last quarter to $20.68 per sf across all property classes.
Houston posted 295,713 sf … (2 comments)
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abilene: Big boxes shrink their parking lots - 01/22/10 09:47 AM
This is not a new concept and many shopping centers and strip centers have been taking advantage of their surplus of parking lot area. You can see the space at Radford Hills being developed for a Pizza Inn. Even uses like ATM's and Water receptacles that take up a smaller footprint have been popping up for years.
You can expect to see more of this type of development by established businesses looking to raise cash with surplus property.
- Erik Johnson
Parking Spaces for Sale: No Carryout Allowed.
By Steve McLinden
Well, that may not be quite the way Home Depot … (1 comments)
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abilene: TRANSWESTERN LANDS LARGEST-EVER MANAGEMENT DEAL - 12/15/09 02:59 PM
Congratulations to Transwestern on contracting for this tremendous management agreement.
- Erik
TRANSWESTERN LANDS LARGEST-EVER MANAGEMENT DEAL
DALLAS (Dallas Morning News) - Transwestern's Dallas office has acquired one of the largest property management deals on record.
Institutional investor RREEF has given operations of almost nine million sf of industrial and office space in North Texas and Oklahoma to Transwestern.
The management portfolio includes high-profile projects like the 5950 Sherry Ln. office tower in North Dallas and the 4040 North Central tower near Cityplace.
New York-based RREEF previously managed the buildings.
… (0 comments)
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abilene: Abilene Industrial Foundation - Commercial Property Snapshot - 12/15/09 12:42 PM
Thanks to the AIF for helping the local Commercial owners and brokers in marketing our vacancies. You are truly under appreciated for the work you do.
- Erik
Abilene Industrial Foundation
Thank You! The Abilene Industrial Foundation would like to say thank you to all of those who helped in the update of our Commercial Property Snapshot. A new, redesigned version of the snapshot can be found on our website at http://click.icptrack.com/icp/relay.php?r=20993166&msgid=172895&act=E65Q&c=585365&admin=0&destination=http%3A%2F%2Fwww.developabilene.com.
This tool is intended to provide a snapshot view of properties available in Abilene for new or expanding businesses to consider. With your involvement, this document can continue to be an … (0 comments)
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abilene: ONCOR MOVING HEADQUARTERS - 12/15/09 11:51 AM
Big deals in office in the Dallas metro area. That will certainly boost some deflating absorption numbers in that sector for the Big D.
- Erik
ONCOR MOVING HEADQUARTERS
DALLAS (Dallas Morning News) - After standing vacant for five years, the 1616 Woodall Rodgers office buildings near Victory Park have been purchased by Oncor for its headquarters.
The power line operator will remodel the two eight-story 1978 and 1992 buildings in the first half of 2010 before moving 500 employees from its current location in the Energy Plaza tower on Bryan St.
With over 260,000 sf of office space, the buildings will … (0 comments)
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abilene: EPA HELPS CLEAN TEXAS WATER - 12/15/09 10:49 AM
Good for our Texas limited resources. Very important for West Texas which is in high demand for a limited supply of water. Tenaska in Sweetwater is a concern regarding the use of Abilene water for their coal plant.
- Erik
EPA HELPS CLEAN TEXAS WATER
DALLAS (U.S. EPA) - Nearly $4.2 million has been awarded to the Texas Commission on Environmental Quality (TCEQ) by the Environmental Protection Agency.
TCEQ will use the funds to administer the state's base water quality program, which aims to prevent, reduce or eliminate water pollution.
The funds will also be used to administer environmental management programs to monitor, … (0 comments)
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abilene: HENRY S. MILLER JR. DIES - 12/15/09 10:44 AM
HSM brokerage was one of the most well known names in commercial real estate among many.
- Erik
HENRY S. MILLER JR. DIES
DALLAS (Dallas Morning News) - After a career in real estate spanning over half a century, 95-year-old real estate giant Henry S. Miller Jr. died Saturday following a brief illness.
Miller joined his father's one-man property sales office after WWII and transformed it into one of the country's largest commercial and residential real estate companies, eventually serving as its chief executive.
In 1971, Miller, along with Virginia Cook, established what would become one of the country's largest independent home … (0 comments)
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abilene: ECONOMY IMPROVING, SURVEY SHOWS - 12/15/09 10:31 AM
Another positive review for Texas from the national survey in the Beige Book's final look at 2009.
- Erik
ECONOMY IMPROVING, SURVEY SHOWS
HOUSTON (Houston Business Journal) - The Texas economy showed signs of improvement in the past six weeks through November, according to the Federal Reserve Bank of Dallas' Beige Book survey.
Industries looking up include high-tech manufacturing, paper, petrochemicals, staffing, housing and energy.
New and existing home sales improved over the six-week period, but the level of activity remains weak.
The financial services and commercial real estate industries continue to report deteriorating conditions.
Overall, prices remained steady during the period and … (0 comments)
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abilene: TEXAS' EXISTING HOME SALES CLIMB, PRICES INCH UP - 12/02/09 08:56 AM
Actual number of homes sold in Abilene in October climbed as the median price dropped slightly.
- Erik
TEXAS' EXISTING HOME SALES CLIMB, PRICES INCH UP
TEXAS (Real Estate Center, Realtor.org) - A total of 19,347 existing single-family homes were sold in Texas last month, a 15 percent increase from October 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University.
The median price rose 1 percent to $143,300 during the same period, and the state finished the month with a 6.9-month inventory of existing homes.
Here is how select Texas cities fared in October (data current as of Nov. 24, 2009):
… (2 comments)
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abilene: AFFORDABLE PLACES TO LIVE: TEXAS COLLEGE TOWNS - 12/01/09 05:39 PM
THE PLACE TO LIVE: TEXAS COLLEGE TOWNS
PARSIPPANY, N.J. (Coldwell Banker) - Three Texas cities are among the top ten most affordable college towns in the country, according to Coldwell Banker's 2009 Home Price Comparison Index (HPCI).
The annual College HPCI provides a comparison of similarly sized 2,200-sf, four-bedroom, two-and-a-half bathroom homes in college markets within the 120 football bowl subdivision schools.
Fort Worth, home of Texas Christian University, ranked fifth with an average home price of $153,450.
Denton, with the University of North Texas, ranked seventh for its $154,900 average home price.
Houston, which has Rice University and the University of Houston, ranked … (0 comments)
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abilene: Texas Tech School of Pharmacy Abilene - Now Open in Amarillo - 11/24/09 12:54 PM
Great to see the creation and expansion of education and the health industry across west Texas.
- Erik Johnson
Texas Tech University Health Sciences Center School of Pharmacy Abilene Campus, opened on 08-12-2007. Classes are held in a Spanish-themed 36,000-square-footbuilding, constructed at a cost of $15.5 million. The initial enrollment of 40 is expected to grow to 160 by fall of 2011. Also, by that time, the school is expected to have 40 professors and staff.
TECH'S PHARMACY CAMPUS COMPLETE
AMARILLO (Amarillo Globe-News) - Work is complete on the newest academic and administrative building for Texas Tech School of Pharmacy.
The … (0 comments)
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abilene: The Texas Deer Lease - 11/24/09 12:39 PM
There is also a podcast if you go to the RECON link below. Interesting info about Trespassing in Texas, the fence its self is a NO TRESPASSING sign. Also, crops grown for human consumption are NO TRESPASSING or a Puple Stripe 8"hx 1"w is also a notice.
- Erik Johnson
Just in time for deer season, Real Estate Center Attorney Judon Fambrough talks about changes to regulations regarding Texas deer lease management. Also, Edie Craig discusses big deals in Georgetown, El Paso, Seguin and Abilene.
JUST IN TIME FOR DEER SEASON
COLLEGE STATION (Real Estate Center) - We've rolled out a revised … (0 comments)
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abilene: CHARTER SCHOOLS: Investment Tool - 11/24/09 12:14 PM
I recently had a request for a Buyer looking to purchase Charter Schools. Apparently there is a market for the privately owned public schools. Interesting to see how the investment horizon changes from year to year.
- Erik Johnson
GATES FOUNDATION OPENS DOOR ON CHARTER SCHOOL FINANCING
HOUSTON (Austin American-Statesman) - Charter school KIPP Houston has issued $67 million in bonds to finance a new facility - with a little help from Bill and Melinda Gates.
The Gates Foundation contributed $10 million to a $20 million bond guaranty that helped the school attain more favorable lending terms. This was the first time … (0 comments)
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abilene: SAN ANTONIO - RETAIL RENTS FALL - 11/24/09 09:08 AM
In Abilene we are still spread between $10 - $15 p/s/f p/yr for B, B+ space and $13 - $18 for A, A+ space. There are some vacancies to be filled in most of the shopping centers and opportunities are available for Retailers. Now is the time to update your business plan and talk to some Landlords and Brokers about getting in to some of the great locations around town.
- Erik Johnson
SA RETAIL RENTS FALL
SAN ANTONIO (San Antonio Express-News) - After slight increases in retail rents in the first two quarters of 2009, asking annual rents fell 42 … (0 comments)
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abilene: WICHITA FALLS - 243 ACRES ANNEXED - 11/24/09 09:03 AM
Part of the area was the former Saint-Gobain plant property.
- Erik Johnson
243 ACRES ANNEXED
WICHITA FALLS (Times Record News) - The city council voted Tuesday to annex 243 acres effective next month.
The annexation addresses land generally east of Allendale Rd. and south of Kell Blvd., including property owned by the North Texas Rural Rail Transportation District and Pitts Sand and Gravel Inc., as well as what was the Saint-Gobain Vetrotex property.
This excerpt below was published last year regarding the shut down of the materials plant.
- Erik Johnson
Saint-Gobain announced Monday afternoon that it is closing the Saint-Gobain Vetrotex … (0 comments)
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abilene: Abilene Apartment Occupancy Report - 10/09/09 11:09 AM
… (0 comments)
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abilene: World's Largest Functioning Wind Farm - 10/02/09 04:49 PM
ROSCOE TURBINES TURN ON "Just another notch in the belt for Texas that leads the nation in wind Green Energy. Oncor is speeding along to get the transmission lines to deliver this power. Stay tuned for more good news in west Texas." - Erik ROSCOE (Abilene Reporter News) – Phase IV of the Roscoe Wind Complex began operation Thursday, making it the world’s largest functioning wind farm. Equipped with 627 turbines capable of generating more than 780 megawatts, the wind farm is the flagship project for E.ON North America. The Roscoe Wind Complex first began generating electricity in February 2008 when … (0 comments)
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abilene: Lauren Engineers and Constructors Expansion - 09/30/09 11:52 AM
This is great news for Abilene and for Texas. Learn more about our local Lauren Engineers & Constructors Corporate Headquarters in YOUR town.
http://www.laurenec.com/comp_profile.php
- Erik Johnson
Abilene engineering firm expanding rapidly(Employment : Abilene) 9/30/2009
Lauren Engineers and Constructors are currently manufacturing galvanized carbon steel pipes for the $1.2 billion dollar construction project - Century Plant - near Fort Stockton, where, once online, a plant will separate carbon dioxide from valuable methane gas as part of the natural gas production process.
Lauren's role in the project has led to the hiring of some 60 workers since March 2009. Welders have made … (0 comments)
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abilene: Texas Unemployment Rate - Abilene in Good Shape - 09/30/09 11:25 AM
According to the recent report by the Texas Real Estate Center the following data shows a favorable unemployment rate for most of west Texas major cities.
Erik
Texas Metropolitan Areas Ranked by Unemployment Rate, August 2009
Rank Metro Area Unemployment Rate, Percent
1 Amarillo 5.6
2 Lubbock 5.7
3 Abilene 6.1
3 Midland 6.1
5 College Station-Bryan 6.4
5 Texarkana 6.4
7 San Angelo 6.7
8 Killeen-Temple-Fort Hood 7.0
8 San Antonio 7.0
10 Austin-Round Rock 7.2
11 Waco 7.3
12 Corpus Christi 7.8
12 Tyler 7.8
14 Victoria 7.9
14 Wichita Falls 7.9
Texas 8.1
16 Dallas-Plano-Irving 8.2
17 … (0 comments)
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abilene: Dr. Mark Dotzour speaks at the North Texas Chapter SIOR - 09/16/09 04:45 PM
I shot over to Highland Park to the Park City Club in Dallas yesterday to hear from the RECON economic forecaster, Mark Dotzour at the North Texas Chapter SIOR monthly meeting. It was a great opportunity to meet a few of the SIOR designees and directors. Craig Jones, Vice President of the Chapter was there along with the President, John Fulton. They appeared to have approximately 40 attendees at the meeting.
Everyone I spoke to expressed and agreed that they were definately looking hard for deals and doing a lot of work to get them financed and closed. It's always good … (0 comments)
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Erik Johnson, CCIM
Abilene,
TX
More about me…
Paul Johnson and Associates
Address: 4633 South 14th, Abilene, TX, 79605
Office Phone: (325) 698-5661 x 15
Email Me
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