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News – San Antonio

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

WASHINGTON – Texas personal income increased 34.1 percent at an annual rate in second quarter 2020, an acceleration from the 2.4 percent increase in ​​the first quarter, according to the U.S. Bureau of Economic Analysis. 

Increases in personal curre​nt transfer receipts more than offset decreases in earnings and property income.​

The increases in transfer receipts include new government relief payments provided by the Coronavirus Aid, Relief, and Economic Security Act. 

Personal income grew in all U.S. states and the District of Columbia. Nationally, personal income grew 34.2 percent in 2Q2020, faster than the 4.1 percent increase the previous quarter.​​

Texas logoThe Real Estate Center has more COVID-19 information online:

​​​DALLAS – PGIM Real Estate has partnered with Perlmutter Investment Co. to purchase ​a 30-building, 5.4 million-sf industrial portfolio for $700 million.​​​

The portfolio includes three North Texas properties totaling almost one million sf. They are:

  • I-20 Logistics Center in Grand Prairie,

  • a building at 4721 Mountain Creek Pkwy. in Dallas, and 

  • an in​dustrial asset at 120 Intermodal Pkwy. in Haslet. 

The sale also includes assets in Los Angeles, Chicago, Seattle, and Louisville, Ky. The properties are almost fully leased. 

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

HOUSTON – Somerville, Mass.-based Greentown Labs is moving into the former Fiesta grocery store at 4200 San Jacinto​​​ St. in Midtown.​

The 42,000-sf building will be transformed into an incubator with a prototyping lab, office, and community space for up to 50 startup companies. Between 200 and 300 employees ​​will work there.

Opening is set for spring 2021. 

The project is part of an effort by a Rice University affiliate to create a 16-acre, tech-filled innovation district between downtown and the Texas Medical Center.

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

​Source: Realty News Report

​McKINNEY – ​Florida-based ZOM Living has sold Kinstead, a 376-unit apartment community at ​​5701 McKinney Pl. Dr. 

The property has studio​ and one- and two-bedroom floor ​plans.

Amenities include two pools, a 24-hr fitness center, outdoor grilling stations, game room, and pet park.

Newmark Knight Frank represented the seller. The buyer was a fund sponsored by CBRE Global Investors. ​​

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

​Source: REBusiness Online

​TEMPLE – Canyon Creek Hospital, a 102-bed behavioral health facility at 1201 Canyon C​reek Dr., has opened. 

The facility will provide inpatient and outpatient treatment as well as electroconvulsive therapy. 

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

​Source: Temple Daily Telegram​