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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

​​​​​​​DALLAS – Olerio Homes is building more than 50 homes in two projects on the city's northwest side. 

The local builder will construction 28 townhomes in its Kimsey Place project between Maple Ave. and Cedar Springs Rd. ​The townhomes will be built in four phases with prices starting in the high $300,000s.

Work is also starting on 24 patio homes in ​Modella Park near Webb Chapel Rd. and Forest Lane. Homes will be available in mid-2020 and priced from the high $400,000s.

Texas logoThe Real Estate Center has more Dallas housing and multifamily news online.

​​​Landmark Properties acquires both The Nine's AUSTIN – Landmark Properties has acquired two student housing properties near the University of Texas at 2100 Rio Grande St. and 2518 Leon St.

The Nine at Rio and The Nine at West Campus total 692 beds. Both properties offer studios and one- to five-bedroom units.

Amenities include a pool, fitness center, game room, media lounge, coffee bar, and courtyard grilling stations.

TexasLooking ​for more Austin-Round Rock​​​ multifamily news? The Real Estate Center's got you covered. 

Source: REBusiness Online​

​​TEMPLE – A limited liability company has acquired Magnolia Greens Apartment Homes at 3311 S.W. HK Dodgen Loop.

The 116-unit complex offers one- and two-bedroom units with rents averaging $660 per month.

Dougherty Mortgage LLC and Old Capital Lending arranged the $5 million Fannie Mae acquisition ​loan.​

Texas logoLooking for more stories like this? The Real Estate Center has got you covered:

​​Source: REBusiness Online​

​​​AUSTIN – The Texas Workforce Commission (TWC) is accepting applications for Disaster Unemployment Assistance​ (DUA) as a result of Tropical Storm Imelda. 

Individuals affected by the storm in Chambers, Harris, Jefferson, Liberty, Montgomery and Orange Counties can apply ​online through Unemployment Benefit Services or by calling a TWC Tele-Center Monday through Friday between 8 a.m. and 5 p.m. at 800-939-6631.

DUA, which is an unemployment insurance benefit made available especially for victims of disaster, is available to individuals who:​

  • have applied for and used all regular unemployment benefits from any state, or d​​​​o not qualify for unemployment;

  • worked or were self-employed or were scheduled to begin work in the disaster area;

  • can no longer work ​because of physical damage or destruction to the place of employment as a direct result of the disaster;

  • establish that the work or self-employment they can no longer perform was their primary source of income;

  • cannot perform work or self-employment because of an injury as a direct result of the disaster; or

  • became the breadwinner or major support of a household because of the death of the head​ of household.

Applications must be submitted by November 7, 2019. Individuals should specify that their applications are related to the damage caused by Tropical Storm Imelda.​

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

​​Source:​ Texas Workforce Commission​​

​​​​​​HOUSTON – Transwestern Development Co. has broken ground on Sam Houston Distribution Center, an 833,720-sf industrial project at the corner of Fallbrook Pines Dr. and Windmill Park Rd. 

The Class A development will consist of three front-load and cross-dock buildings ranging from 138,720 to 494,800 sf​. Ceiling heights range from 32 to 36 ft.

The property has land for added trailer storage or a build-to-suit opportunity, as well as space for car parking and trailer stalls.

Completion is set for second quarter 2020. 

Texas logoThe Real Estate Center has ​more on the Houston-area industrial market:

Source: REBusiness Online