Governor announces the business reopening in Texas
According to REBusiness Online Gov. Greg Abbott has expanded the reopening of certain businesses and activities.
Retailers such as barbershops, nail salons, tanning salons, and similar businesses may reopen on Friday, May 8, provided they maintain six-foot distances between workstations. Office buildings and manufacturing plants that produce nonessential goods may restart their operations at 25 percent of their normal occupancies on Monday, May 18.
Texas home prices rose to $249,000, a 5.8 percent YOY increase. Austin pushed the home prices in double digit.
The Texas Repeat Sales Home Price Index which provides change in single family values. Repeat sales home index for Dallas and Houston increased 2.5 and 3.0 percent, respectively
Google plans to build data center in Ellis County Texas
According to Dallas Morning news Compass Datacenters is finishing up the first phase of the data center on 225 acre track East of I35 E on Red OakGoogle has purchased more than 165 acres where it plans another huge data center — its second such project in Ellis County
Rent drops in Austin Metro during Co-Vid 19 Crisis
According to Austin Business Journal COVID-19 has
slowed down the metro’s multifamily market, according to ApartmentData.com.
From March to April, apartment rents dropped 1.2 percent to $1,297. That’s a contrast from last year, when rents saw a 5.7 percent increase.
Occupancy went up 0.3 percent to 91.1 percent in April.
$1.5 billion Star mixed-use development coming in Frisco
According to Dallas Morning News Dallas Cowboys owner Jerry Jones Bluestar land development company is coming up with another mixed use $1.5 Billion office building in Frisco
The 11-story, 327,000-sf office tower will be at the northwest corner of the Dallas North Tollway and Cowboys Way.
Along with the office tower, a six-level, 1,200-car parking garage is planned for the west side of the tollway.