The Property Society Blog

American Air Filter Co. to close Hutchins plant

admin — Fri, 18 May 2012 18:44:00 +0000

HUTCHINS – American Air Filter Co. (AAF) will be closing its 340,000-sf plant at 302 Nichols Dr. The closing is scheduled to be complete by the end of September 2012 and will result in the elimination of a majority of the jobs in the plant. …

Austin unemployment lowest in three years

admin — Fri, 18 May 2012 18:43:00 +0000

AUSTIN – Area unemployment rates dropped in April 2012 to 5.5 percent from 6 percent in March, according to Workforce Solutions Capital Area Workforce Board. The unemployment rate is the lowest it has been in more than three years.

Plano ISD school sizzles with geothermal

admin — Fri, 18 May 2012 16:34:00 +0000

DALLAS – Cadence McShane Construction Company has been awarded the 95,632-sf renovation and expansion assignment at Mitchell Elementary School on behalf of Plano Independent School District (ISD). The campus is located at 4223 Briargrove Rd. an …

Breckinridge Point apartments sold in Richardson

admin — Fri, 18 May 2012 16:24:00 +0000

RICHARDSON – JRK Property Holdings acquired the AMLI at Breckinridge Point at 4250 E. Renner Rd from Amli Residential. The 440-unit, Class A rental complex is 95 percent leased and was built in 1998.

Pecos Quality Inn under new ownership

admin — Fri, 18 May 2012 16:22:00 +0000

PECOS, REEVES COUNTY – The 97-room Quality Inn at 4002 S. Cedar St. has been sold by a private investor from California. The hotel — located close to a golf course, state park, zoo and museum — was developed in 1970 and renovated in …

New Braunfels Quality Inn gets new owner

admin — Fri, 18 May 2012 16:17:00 +0000

NEW BRAUNFELS – The 62-room Comfort Suites located at 1489 I-35N, near Schlitterbahn Water Park, was sold to a private investor. The hotel was built in 1996 and renovated in 2010.

Austin Midtown Commons at Crestview part deux

admin — Fri, 18 May 2012 16:16:00 +0000

AUSTIN – The second phase of Midtown Commons at Crestview station is underway. The Trammel Crow project will add 246 apartments to the 316 built in phase one.

SA high schools among best in Texas

admin — Fri, 18 May 2012 15:14:00 +0000

SAN ANTONIO – Several high schools in San Antonio earned a spot on U.S. News & World Report’s Best High Schools in Texas special edition.

New owner has plans for Baybrook Apartments

admin — Fri, 18 May 2012 15:13:00 +0000

BAY CITY – A local buyer has purchased Baybrook Apartments from Libertad Bank. Located at 5001 Ave. F., the 107-unit property has 83,408 sf of leasable space and was 45 percent occupied at time of sale.

Centre Plaza under new ownership in SA

admin — Fri, 18 May 2012 15:12:00 +0000

SAN ANTONIO – Live Oak-Gottesman closed on the purchase of the 138,265-sf Centre Plaza. The office building is located along Loop 410 in North Central San Antonio.