Regus to Launch Franchising Program

Workspace provider Regus, headquartered in the Dallas suburb of Addison, TX, launched its new U.S. franchising program. The company is looking for franchise partners to develop and manage co-working spaces, with states targeted including California, Florida, Illinois and Texas. Regus is also looking to aggressively expand in the northeast in New York, Pennsylvania, Virginia and

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Franklin Mountain Investments to Acquire Two Office Buildings

Franklin Mountain Investments, under the direction of billionaire Paul Foster, entered into a contract with Borderplex Realty Trust to acquire two of El Paso CBD’s largest buildings. Under contract are the 18-story One San Jacinto Plaza Building (formerly Chase Tower), and the 21-story Wells Fargo building. The properties being sold are part of Borderplex’s plan

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Adrian Marquez Jumps from MIMCO to CBRE

Adrian Marquez, formerly with MIMCO Inc., has joined CBRE’s El Paso office as an associate. In his new position, Marquez will work with CBRE’s Advisory & Transaction team, as well as being part of the company’s national retail platform. During his four years with MIMCO, Marquez was a property manager, and then a leasing agent,

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Another Zippy J’s on Tap for Longview

Partners Brian Hatchett and J.T. Roberts are preparing to develop a Zippy J’s convenience store at 1920 E. Marshall Ave. in Longview, TX. The 5,000-square-foot store will be the partners’ 21st store, and Longview’s fifth location. The project, which should break ground within a month, is expected to be completed in three to four months,

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Strong Job Market Drives El Paso Business-Cycle Index

El Paso’s Business-Cycle Index increased by an annualized 2.7% in March 2019. According to the Federal Reserve Bank of Dallas, the increase was fueled, in part, by a strong job market in the West Texas city. El Paso employment expanded by 2.6% annually, with most of the major sectors posting job gains, the Dallas Fed

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Wagner Tuning Selects Kilgore for U.S. Ops

Wagner Tuning, a German high-performance auto parts manufacturer, will be bringing its American operations to Kilgore, TX. The company is relocating from its current location in Fresno, CA, to a currently under-construction, 60,000-square-foot speculative building at Synergy Park, on the northeast side of the East Texas town. Wagner Tuning signed a 20-year lease for the

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Odessa Economic Index hits Record Number

The Odessa Economic Index rebounded from a decline in January 2019 to hit a record number of 267.9 in February 2019. The metric represents a 16.2% year-over-year increase. Economist Karr Ingham indicated that the massive increase in building permits was the cause. “The $213.7 million in permits issued . . . marks only the second

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