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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

​​HOUSTON – Arbor Contract Carpet Inc. has leased 46,000 sf of industrial space at 8728 W. Little York Rd. 

Transwestern advised the tenant. CBRE represented the landlord, Clarion Partners.

Texas logoGet more Houston-area news on the Real Estate Center's website:

​Source: BisNow

​​Office building in El Paso

EL PASO – Altisource Portfolio Solutions is opening its permanent office in the Northwest Corporate Center.

The 30,000-sf building is at 6750 N. Desert Blvd. 

The company will hire 250 people by the end of t​he year. 

Texas logoThe Real Estate Center has more news like this:

Source: El Paso Times

HOUSTON – NH Briarwest has purchased 5.4 acres at the northwest corner of Westheimer Rd. and Briarwest Blvd. from locally based Satya. 

The new owner will develop a 120-unit apartment complex on the site. 

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

​Source: Houston Business Journal

​​WASHINGTON – Willis is the city with the most overloaded mortgage debtors, according to a WalletHub study. 

The Montgomery County city has a median mortgage debt of $143,676 and a median house value of $82,300 for a mortgage debt-to-house-value ratio of 175 percent. 

The median income is $31,250. The mortgage debt-to-income ratio is 460 percent. 

Other cities with the most overloaded mortgage debtors include Bell Gardens​, Calif.; Ewa Beach, Hawaii; Dumfries, Va.; and Blacklist Estates, Ohio. 

texaslogo.pngThe Real Estate Center has more information on housing:​

AUSTIN – Due to the COVID-19 outbreak, the Texas Real Estate Commission (TREC) and the Texas Appraiser Licensing & Certification Board (TALCB) are waiving all renewal and application deadlines until May 31.

Licensees with a license expir​ation date of March 31 or April 30 are granted an extension through May 31. Online or other distance education can fulfill continuing education requirements.

The quickest and most efficient way to renew your license is by using the agency's online services portal

Applications set to expire from March 11 through May 31 will have until May 31 to complete all license application requirements.

License examinations are temporarily suspended. If your exam eligibility expires before May 31, 2020, you are granted an extension to take and pass your exam.   

Applicants can check the status of their applications with the application status tracker on the TREC website and on the TALCB website.  

Texas logoGet more COVID-19-related news on the Real Estate Center's website:

​​​Source: TREC and TALCB