CBC Capital Advisors

New Hilton hotel coming to Lubbock! The city just issued building permits for a 5-story, $8 million Hampton Inn & Suites at 2828 Marsha Sharp Fwy.—just north of the 4th St./Marsha Sharp Fwy. interchange. #CRE #construction #hospitality @HiltonHotels @HamptonByHilton

Encouraging economic news from the Dallas Fed: “The Texas economy continues to grow at a strong pace. Growth in the construction, financial services and leisure and hospitality sectors has been particularly robust.” @DallasFed #Texas #economy #CRE dallasfed.org/research/forec…

Construction to soon begin in earnest on new YWCA center in Lubbock: the city just approved a $12,000,000 building permit for the YWCA to transform the 173,000 SF former Kmart building into a community center. #CRE #construction #Lubbock @YWCAofLubbock

A building permit was issued last week by the City of Lubbock for the new 11,000 SF Uncle Julio’s restaurant, to be built at Slide Road and S Loop 289, in front of South Plains Mall. #CRE #retail #construction @cityoflubbock @unclejulios

Lubbock’s tallest building—the 274-foot tall NTS Tower—to be converted from office use to residential units within the next couple years: lubbockonline.com/news/20190… #CRE #Lubbock #office #multifamily #construction via @lubbockonline @SarahFromtheAJ

New hospital update: the city of Lubbock just issued a $47 million building permit for the 115,000 SF Covenant Health surgical hospital, which will be located just northeast of the 82nd St / Marsha Sharp Fwy intersection in southwest Lubbock. It should be completed in late 2020.

Coldwell Banker Commercial’s parent company announces partnership with Amazon: cnb.cx/2Y7yCSJ #CRE @cbcworldwide @Realogy @amazon

Two new Wendy’s coming soon to Lubbock! The city just issued building permits for the restaurants. One will be located at 5111 98th St. (near 98th and Slide), and the other will be located at 2505 S Loop 289 (in front of Target on University and the S Loop). #retail #CRE @Wendys

Lubbock continues to experience steady population growth. New estimates released this year show the city’s population reached 255,000 in 2018, with the county’s population surpassing 307,000. #Lubbock #population #CRE

Permits were just issued for a new 6,000 SF Braum’s restaurant in Lubbock at 7910 Milwaukee Avenue—just south of FirstCapital Bank and north of Mighty Wash. The Oklahoma City-based chain is expected to open several locations in Lubbock. #CRE #retail #construction

Construction crews are expected to begin widening a one-mile stretch of University Avenue between 130th Street and 146th Street next week. City of Lubbock news release: ci.lubbock.tx.us/news/156261… KCBD story: kcbd.com/2019/07/09/donated-… #Lubbock #construction @cityoflubbock @KCBD11

Last week the City of Lubbock issued building permits for Guadalupe Villas, which will be a new apartment community just north of downtown Lubbock. This $12 million project will feature a mixture of garden homes, apartments, and community spaces. #CRE #multifamily #construction

U.S. oil production continues to reach new heights, thanks to the Texas Permian Basin. From Bloomberg: “Booming shale production from places like the Permian basin of West Texas have enabled U.S. oil output to overtake Saudi Arabia and Russia.” bloomberg.com/news/articles/… @business

Gross retail sales—an important measurement of economic activity—reached a historic high of $6.1 billion in the Lubbock MSA last year, according to just-released figures from the Texas Comptroller. #Lubbock #economy #retail #sales #CRE @txcomptroller @cbcworldwide