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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

​​AUSTIN – Texas' unemployment rate held steady last month at 3.4 percent, matching the record-low rate set in June 2019, according to the Texas Workforce Commission. 

Total non-farm annual employment growth was at 2.4 percent in October. It​ has held above 2 percent since February 2018. Over the year, Texas employers added 297,100 jobs. 

The Texas metro with the lowest non-seasonally adjusted unemployment rate was Midland at 2.1 percent. McAllen-Edinburg-Mission had the highest at 5.6 percent.

The construction industry saw the most seasonally adjusted growth in employment from October 2018 to October 2019, growing 6.9 percent. The mining and logging and information industries were the only two sectors to see a drop in employment, falling 0.5 and 0.2 percent, respectively.

Texas logoGet more Texas employment news on the Real Estate Center's website:

​​Source: Texas Workforce Commission

​MIDLAND – Big Bend Telecom is converting two buildings at 2813 Wright Dr. at the Midland International Airport into a data center.

The developer is partnering with the Permian Basin Regional Planning Council, Region​ 18 Education Center, and other municipalities on the project.

Opening is set for March 2020.​​

texaslogo.pngThe Real Estate Center has more Midland-area real estate news online for free. 
Source: Connect Media

​Fort Worth – W​almart Inc. has signed a 213,000-sf lease at a recently built warehouse at 1201 N.E. Loop 820.

The 270,000-sf building, the second at the Park 820 development, was developed by Indianapolis-based Scannell Properties. 

The Bentonville, Ark.-based retailer will use the space to house fixtures and supplies for store remodels. Around 30 employees will work there. 

Walmart already occupies two distribution centers in the Fort Worth area.

Texas logoThe Real Estate Center has more on DFW's industrial market:

Commercial building on Hall Street in Dallas' Deep Ellum DistrictDALLAS – New York-based Abington Square Partners has purchased two commercial buildings and a vacant tract in Deep Ellum.

The building pair at 3009 and 3035 Canton St. totals 25,000 sf.

The properties are used for commercial, residential, and parking.​

Whitebox Real Estate brokered the sale along with Delphi Group and Davidson Bogel Real Estate.

Texas logoThe Real Estate Center has more information like this online:

​​Image of the apartment's pool in the middle of the day.HOUSTON – Haven Realty Capital has purchased Champions Woods Apartments from Venterra Realty. 

The ​186-unit community at 6830 Champions Plaza Dr. features one- and two-bedroom floor plans.

Amenities include a pool, hot tub, outdoor entertainment pavilion with a grilling area, fitness center, and a cybercafé.

JLL represented the seller and procured an​​ acquisition loan through Freddie Mac for the buyer.

Texas logoThe Real Estate Center​​​​ has more information like this available online for free:

​Source: REBusiness Online​