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News – Austin

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

SAN ANTONIO – Alamo Property Investment LLC has acquired the Arevalo Alamo building at 219 N. Alamo St.

Falcon International Bank provided $3 million in capital dept for the sale, according to county records.

Built in 1907, the building served as SA's first YMCA prior to being renovated and converted to office space.

Quality Services International LLC was the seller.

​​​EL PASO – Kansas-City based VanTrust Real Estate has broken ground on phase two of the El Paso Logistics Park.

Phase two will add 483,698 sf of Class A industrial space and two buildings.

Both buildings will have 32-ft clear heights, 52 dock positions, ESFR sprinkler systems, and parking for over 150 cars and 85 trailers.

Phase two will wrap up in April 2023. The complete park will span nearly one million sf.​

AUSTIN – Fairfield University's Marion Peckham Egan School of Nursing and Health Studies will expand to Austin if approved by the New England Commission of Higher Education.

JLL secured a ten-year, 23,040-sf lease at 7951 Shoal Creek Blvd. on Fairfield's behalf.

This is the Connecticut university's first expansion within the United States.

JLL represented the tenant. MFB Real Estate Services LLC represented the landlord, West Austin Holdings.​

​​DALLAS – A recent study by Weinstein, Clower & Associates found Dallas Love Field Airport generated $4.8 billion in economic activity for Dallas last year.

Economic activity supported more than 20,000 jobs and $1.5 billion in wages, salaries,​​ and benefits.

The airport also benefitted Dallas itself by generating more than $41 million in city sales and property tax revenue.

Visitors arriving at Love Field from out of town spent a total of about $245 million in the last fiscal year compared with $645 million in the last fiscal year before the pandemic.​

CYPRESS – FedEx is expanding its facility at 8787 W. Grand Pkwy. N.

The 59,000-sf expansion began last year and is expected to be completed by the holiday shipping season. When completed, the facility will span more than one million sf.

The expansion is estimated to cost $28 million. Additional work, including the installation of conveyer equipment and electrical work, is estimated to cost $17.2 million.