{{titleBar.title}}

{{titleBar.tagline}}

 

 

How long do North Texas homeowners stay put?How long do North Texas homeowners stay put?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=206532018-07-19T05:00:00Z2018-07-20T00:00:00Z

​​DFW – The median time U.S. homeowners stay put has risen to 13.3 years—twice the time between moves back in the early 2000s.

But in many Texas cities, homeowners are changing addresses more frequently.

Frisco residents have one of the lowest median time between moving of any U.S. cities—just 7.5 years according to a new study by consumer research firm ValuePenguin.

In addition, folks in McKinney (7.9 years), Allen (9.5 years), and Denton (9.5 years) move more often compared with the rest of the country.

In the DFW area, residents stay the longest in Garland (13.4 years) and Richardson (13.3 years).

In Texas, the median time residents have been in their homes is about 12 years.

The longest tenure is in El Paso where the median home residency is 14 years.

North Texas Cities ranked by Median Years of Residence
Dallas News
Dallas-Fort Worth-Arlington
Housing
https://www.dallasnews.com/business/real-estate/2018/07/13/d-fw-homeowners-staying-put-longer

​​See also: Dallas-Fort Worth-Arlington Housing Market Research​.

Read more at the {Source}
ABOR: June 2018 Austin-area housing statisticsABOR: June 2018 Austin-area housing statisticshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206572018-07-19T05:00:00Z2018-07-19T23:45:00Z

​​​​Austin Board of Realtors June 2018 Austin-area housing market statistics.

Austin Board of Realtors
Austin-Round Rock
Housing
https://www.abor.com/statsjun18/

​See​ also: Austin-Round Rock Housing Market Research​.

Check {Source} for more information
Demolition readies River Oaks high-rise siteDemolition readies River Oaks high-rise sitehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206562018-07-19T05:00:00Z2018-07-19T23:30:00Z

​​​A full-profile rendering of the Driscoll at River Oaks.HOUSTON – Weingarten Realty Investors started demolition work in early July 2018 to clear the way for The Driscoll, a luxury high-rise that will tower above the River Oaks Shopping Center off West Gray St.

The 30-story, 318-unit tower will sit atop 10,000 sf of retail.

Units will range from 900 sf to a 3,000-sf penthouse.

The tower, set to deliver by 2021, is the company’s first foray into Houston’s residential market in 15 years.​
Houston Business Journal
Houston-The Woodlands-Sugar Land
Multifamily
https://www.bizjournals.com/houston/news/2018/07/18/weingarten-s-new-high-rise-at-river-oaks-shopping.html

​Che​ck out Houston-The Woodlands-Sugar Land Multifamily Market Research​.

Read more at the {Source}
440-unit subdivision to far North Texas440-unit subdivision to far North Texashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206462018-07-19T05:00:00Z2018-07-19T23:15:00Z

​​​​​An image of downtown Celina (pulled from the Globe Street article)​CELINA, COLLIN COUNTY – Phase one of a new single-family development, called Chalk Hill, recently broke ground in far North Texas.

The phase—consisting of 157 lots out of 440 planned in the development—will be located at the southeast corner of Preston Rd. and CR 102 in Collin County.

The community will help accommodate some of the population growth in Celina, which has nearly doubled since 2010 to approximately 11,000 people.
GlobeSt.com
Dallas-Fort Worth-Arlington
Housing
http://www.globest.com/2018/07/10/more-population-triggers-more-housing-in-celina/?channel=sectors&section=dallasfort-worth

Check out Chalk Hill’s site plan (beginning page 16).

Source: {Source}
$150M Mansfield medical project underway$150M Mansfield medical project underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206452018-07-19T05:00:00Z2018-07-19T23:00:00Z

Texas Health Hospital Mansfield – RenderingMANSFIELD – Texas Health Resources and Adventist Health System are building a new health care campus in North Texas.

Texas Health Hospital Mansfield, scheduled to open in late 2020, will offer a full variety of services, including a 24/7 emergency room, general surgery, women’s care, orthopedics, and interventional cardiology.

Construction on the four-story, 195,400-sf, 83-bed facility will begin in fall 2018.

The $150 million campus will also include an 80,000-sf medical office building that will house primary care and specialty practices.

The 38-acre Mansfield campus, located on the southeast corner of Lone Star Rd. and US 287, will be Texas Health’s second major facility in Mansfield.
GlobeNewswire
Dallas-Fort Worth-Arlington
Medical
https://globenewswire.com/news-release/2018/07/12/1536827/0/en/Texas-Health-Resources-and-Adventist-Health-System-to-Build-New-Health-Care-Campus-in-Mansfield-Texas.htmlSource: {Source}
Houston Hines tower full steam aheadHouston Hines tower full steam aheadhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206552018-07-19T05:00:00Z2018-07-19T22:45:00Z

​​A rendering of the new tower under construction by Hines. HOUSTON – Hines began construction on its new tower at the former Houston Chronicle site downtown. It is expected to open in late 2021.

The one ​million-sf, 47-story tower will be situated diagonally on the 800 block of Texas Ave. 

Law firm Vinson & Elkins and Hines will be the tower’s anchor tenants, leasing 212,000 sf and 155,000 sf, respectively. 

Hines will relocate from Williams Tower in the Galleria area. 

Vinson & Elkins will relocate from 1001 Fannin, where the firm currently leases more than 300,000 sf.

The tower’s amenities will include multiple food and beverage options, networking spaces, a full-service conference facility, a fitness center, public gardens on the 12th level and an internal 11-level garage with more than 1,500 parking spaces.
Houston Business Journal
Houston-The Woodlands-Sugar Land
Office
https://www.bizjournals.com/houston/news/2018/07/18/hines-kicks-off-construction-of-tower-on-former.html

​See also​: Houston-The Woodlands-Sugar Land Office Market Research​.

Read more at the {Source}
Data center project rides the Telecom CorridorData center project rides the Telecom Corridorhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206582018-07-19T05:00:00Z2018-07-19T22:30:00Z

​​An aerial view of the property indicating the location of the proposed data center.​RICHARDSON – State Farm Insurance and Dallas developer KDC have filed plans to build a major data center in Richardson's Telecom Corridor.

The new tech center would be built on Lookout Dr. south of State Farm's regional office campus at the CityLine​ development.

In 2015, KDC built a 129,180-sf data center at the corner of Lookout and Plano Rd.

Now State Farm and KDC are requesting to build a second 130,629-sf data center with office space on more than eight acres at 1510 E. Lookout.

The data center is not expected to house more than 20 workers.
Dallas News
Dallas-Fort Worth-Arlington
Industrial
https://www.dallasnews.com/business/real-estate/2018/07/16/state-farm-doubling-richardson-data-center-plans-new-building

Check out Dallas-Fort Worth-Arlington Industrial Market Research.

Read more at the {Source}
SABOR: June 2018 MLS housing statisticsSABOR: June 2018 MLS housing statisticshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206422018-07-18T05:00:00Z2018-07-19T00:00:00Z

​​​SAN ANTONIO – The San Antonio Board of Realtors (SABOR) released its June 2018 MLS housing statistics​ for the eight-county region including Atascosa, Bexar, Frio, Karnes, Kendall, La Salle, McMullen, Medina, and Wilson Counties.

San Antonio Board of Realtors
San Antonio-New Braunfels
Housing
https://member.sabor.com/realtor-resources/statistics/

Check out more San Antonio-New Braunfels Housing Market Research.

Source: {Source}
Magnolia to buy Waco's Shrine buildingMagnolia to buy Waco's Shrine buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206402018-07-18T05:00:00Z2018-07-18T23:45:00Z

​​​​​Image of the Grand Karem Shrine building.WACO – Magnolia Vacation Rentals will buy the 90-year-old downtown Grand Karem Shrine building from McLennan County at 701 Washington Ave.

The building's only tenants—the county health services department and the child support court—occupy less than a third of the 53,000-sf building.

County commissioners approved the $1.1 million deal with Magnolia Vacation Rentals LLC, which is expected to be finalized in the next few months. 

The county bought the structure for $383,000 in​ 1995 after the Karem Shrine relocated to a new headquarters off North River Crossing.
Waco Tribune-Herald
Waco
Office
https://www.wacotrib.com/news/mclennan_county/magnolia-under-contract-to-buy-grand-karem-shrine-building-in/article_39d606e9-e856-5bfd-bb97-26ab1f338b36.htmlRead more at the {Source}
City zones for high-density, multifamily developmentCity zones for high-density, multifamily developmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206432018-07-18T05:00:00Z2018-07-18T23:30:00Z

An aerial view indicating the re-zoned land.GEORGETOWN – The city’s housing pipeline is poised to get a boost.

The city council rezoned about 314 acres on the suburb's northern fringe into a new planned unit development called Berry Creek Highlands.

The council also approved zoning to allow high-density, multifamily development off Wolf Ranch Pkwy. near I-35.

Berry Creek Highlands is planned as a mixed-use community with up to 1,500 residential units, according to city documents.

The site is on the west side of SH 195 near the Sun City neighborhood.

Georgetown is one of the fastest-growing cities in Central Texas, with an estimated population of 70,685 as of mid-2017, a 5.4 percent year-over-year increase.
Austin Business Journal
Austin-Round Rock
Housing
https://www.bizjournals.com/austin/news/2018/07/11/zoning-changes-mean-hundreds-of-new-single-family.html

​See also: Austin-Round Rock Housing Market Research.

Read more at the {Source}
New construction sprouts in Springwoods VillageNew construction sprouts in Springwoods Villagehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206392018-07-17T05:00:00Z2018-07-18T23:15:00Z

​​Rendering of the two projects.SPRING – Construction began in July 2018 on a 50,000-sf, two-story building at 1401 Lake Plaza Dr. and a 50,000-sf Star Cinema Grill in the 60-acre CityPlace mixed-use development within Springwoods Villages.

The 1401 Lake Plaza Dr. building is expected to be completed in first quarter 2019.

It will have 25,500 sf of ground-floor retail and 26,750 sf of second-floor office space.

The Star Cinema Grill at 1495 Lake Plaza Dr. will include ten screens with around 1,200 seats.

It is expected to be complete​ 2Q 2019.

When complete, CityPlace is expected to include four million sf of Class A office space and 400,000 sf of retail.​
Houston Business Journal
Houston-The Woodlands-Sugar Land
Mixed-Use
https://www.bizjournals.com/houston/news/2018/07/16/mixed-use-building-star-cinema-grill-break-ground.html

​See also: Houston-The Woodlands-Sugar Land Office and Retail​ Market Research.

Read more at the {Source}
1.3M sf of industrial space to AllianceTexas1.3M sf of industrial space to AllianceTexashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206282018-07-18T05:00:00Z2018-07-18T23:00:00Z

​​Image of a warehouse.DFW – The Perot family’s Hillwood firm is starting construction on two more warehouses north of Fort Worth.

The new AllianceTexas buildings will have about 1.3 million sf of space and be located near I-35W.

The buildings—Alliance Center North 3 and Alliance Northport 1—are a part of Hillwood’s 26,000-acre AllianceTexas project.

One of the buildings will have 782,000 sf. The other will have 500,000 sf.

The new distribution buildings are near Fort Worth’s Alliance Airport, BNSF Railway’s Alliance Intermodal Facility, the FedEx Express Southwest Regional Hub, and UPS and FedEx shipping ground hubs.
Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
https://www.dallasnews.com/business/real-estate/2018/07/11/huge-warehouse-projects-kick-alliancetexasnorth-fort-worth

​Check out Dallas-Fort Worth-Arlington Industrial Market Research​.

Read more at the {Source}
United Equities to 115-acre Satsuma Station United Equities to 115-acre Satsuma Station https://www.recenter.tamu.edu/news/newstalk-texas/?Item=206202018-07-18T05:00:00Z2018-07-18T22:45:00Z

​​​​Image of Satsuma Industrial Park.​​HOUSTON – Local developer United Equities has acquired two parcels totaling 12 acres in Satsuma Station Industrial Park, a 115-acre business park adjacent to US 290 and SH 6.

The company plans to build two crane-served industrial properties totaling 83,500 sf on a five-acre tract and up to 90,000 sf of industrial space on a seven-acre tract.

United Equities focuses on retail, industrial, and office developments.
Houston Business Journal
Houston-The Woodlands-Sugar Land
Industrial
https://www.bizjournals.com/houston/news/2018/07/11/exclusive-houston-developer-buys-12-acres-in-nw.html

​Chec​k out Hous​​ton-The Woodlands-Sugar Land Industrial Market Research​.

Read more at the {Source}
400K-sf distribution center ships to La Porte 400K-sf distribution center ships to La Porte https://www.recenter.tamu.edu/news/newstalk-texas/?Item=206412018-07-18T05:00:00Z2018-07-18T22:30:00Z

​​​​​Rendering of the distribution center.LA PORTE – Houston-based Triten Real Estate Partners, in partnership with The Carlyle Group, broke ground on a 404,160-sf distribution center at 4600 Underwood Rd.

The 25-acre property will deliver in first quarter 2019.

The building will offer 36-foot clear height ceilings, clerestory windows, and full overhead dock door packages. 
Houston Business Journal
Houston-The Woodlands-Sugar Land
Industrial
https://www.bizjournals.com/houston/news/2018/07/17/exclusive-houston-developer-buys-land-near-port.html

​Check out Houston-The Woodlands-Sugar Land Industrial Market Research​.

Read more at the {Source}
$27M rehab center trades hands in Kyle$27M rehab center trades hands in Kylehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206362018-07-18T05:00:00Z2018-07-18T22:15:00Z

​​Image of Warm Springs Rehabilitation Hospital.​​KYLE – The Sanders Trust LLC, an Alabama-based​ health care real estate investment company, has purchased the 54,400-sf Warm Springs Rehabilitation Hospital.

Located at 5980 Kyle Pkwy., the two-story hospital is leased by a joint venture between Post Acute Medical, Seton Healthcare Family, and Medcore Partners.

The $27 million hospital provides physical therapy, speech language pathology, occupational therapy, neuropsychology, respiratory therapy, rehabilitation nursing, and case management.
Austin Business Journal
Austin-Round Rock
Medical
https://www.bizjournals.com/austin/news/2018/07/16/suburban-rehabilitation-hospital-acquired-for-27.htmlRead more at the {Source}
Top-selling master-planned communities: mid-year 2018Top-selling master-planned communities: mid-year 2018https://www.recenter.tamu.edu/news/newstalk-texas/?Item=206262018-07-17T05:00:00Z2018-07-18T00:55:00Z

​​​​U.S. – Every year since 1994, RCLCO has conducted a national survey identifying the top-selling MPCs (Master-Planned Communities) through a rigorous search of high-performing communities in each state. 

In this update for mid-year 2018, we have surveyed MPCs throughout the country to establish the updated rankings following the release of The Top-Selling Master-Planned Communities of 2017.

The list below is NOT comprehensive so check them all out here! See Sienna Plantation, Missouri City, for an example​.


Online news
U.S.
Housing
https://www.mystatesman.com/business/austin-hotel-market-state-strongest/olcuDjEqSkIca7GKxsgxlO/?ref=cbTopWidget



Source: {Source}
Apartment mismatch: San Antonio's renters the pickiestApartment mismatch: San Antonio's renters the pickiesthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206162018-07-17T05:00:00Z2018-07-17T23:55:00Z

​​​SAN ANTONIO – America’s pickiest renters hail from none other than Alamo City.

San Antonio renters have the biggest list of demands when it comes to choosing a property, according to the report "Rental Mismatch​" from Apartment List.


According to the data, San Antonio renters can afford to be choosy.

The city is one of the most affordable places to rent in the nation, with median rent on a two-bedroom apartment at just $1,050.

Across the nation, renters have to give up creature comforts, though—even in affordable San Antonio, where just 63 percent of properties offer air conditioning.

In addition, half of San Antonio renters want in-unit laundry, but just 12 percent of local properties have it. Remember, San Antonio is home to ​numerous military installations including Fort Sam Houston, ​Camp Bullis, JBSA-Randolph​ and more.
Forbes.com
San Antonio-New Braunfels
Multifamily
https://www.forbes.com/sites/alyyale/2018/07/06/this-texas-city-claims-the-nations-most-demanding-renters/#1b1f1c1a7635

​Check out San Antonio-New Braunfels Multifamily Market Research.

Read more at {Source}
Austin's retail 'hotter than a preacher's knees'Austin's retail 'hotter than a preacher's knees'https://www.recenter.tamu.edu/news/newstalk-texas/?Item=206212018-07-17T05:00:00Z2018-07-17T23:45:00Z

​​​Retail Occupancy for 4 Texas Cities: Austin, DFW, Houston, and San Antonio—from the Weitzman AUSTIN – Despite several recent high-profile closures—and more still on the horizon—the Central Texas retail sector is red hot.

Weitzman's mid-year ​2018 retail report "The Texas Snapshot" found that Austin’s 96.1 percent retail occupancy rate is the highest in the state—and one of the best in the nation.

Britt Morrison, senior vice president in Weitzman’s Austin office, does not many of those newly vacant spots expect to stay empty for long, considering a relatively small amount of new retail space in the development pipeline.

In addition, the space crunch means rents will continue to rise.

“This is the third or fourth year in a row with minimal new construction, so we’re continuing to see rental rates increase,” he said. “Austin is tops among Texas’ major metros, yet the market still reports only 700,000 sf being added this year to an inventory of 49.5 million sf. That’s between one and 2 percent increase total in leasable space, hence the rising rates across the state.”​​
Austin American-Statesman
Austin-Round Rock
Retail
https://www.mystatesman.com/business/report-austin-state-healthiest-retail-market/UZXroQCgrEcqBiTsdvf9JI/

​​Check out more 2Q 2018 Austin-Round Rock Retail Market Research.

Read more at the {Source}
Houston office sector: increasing vacancy, leasing volumeHouston office sector: increasing vacancy, leasing volumehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=205952018-07-17T05:00:00Z2018-07-17T23:25:00Z

Availability Rate Comparison: Houston SubmarketsGREATER HOUSTON – Although deal volume is up slightly in region’s office market, the sector's vacancy and sublease rates are continuing to creep upward, according to Savills Studley's “Houston Office Sector Report: 2Q 2018.”

The area’s overall office market vacancy rate increased to 28.2 percent in 2Q 2018, a modest increase from first-quarter's rate of 27.7 percent.

That is only a 1.8 percent increase in availability, which is promising, since the amount of leasing volume increased 6.7 percent quarter-over-quarter to 3.2 million sf.

Currently 9.5 million sf of sublease space is available in Houston.

The availability of Houston office space exceeds 20 percent in most submarkets, as energy companies continue to reshuffle their footprints and either downsize or relocate to newer office space.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Office
https://www.bizjournals.com/houston/news/2018/07/10/despite-steady-deal-flow-houstonoffice-vacancy.html

Check out more Houston-The Woodlands-Sugar Land Office Market Research​.

Read more at the {Source}
Old, but sold: North Texas multifamily portfolioOld, but sold: North Texas multifamily portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=205812018-07-17T05:00:00Z2018-07-17T23:15:00Z

​​DFW – Exponential Property Group acquired an eight-property, 2,048-unit portfolio in North Texas from Canadian-based Berezan Investments. 

The portfolio traded for the first time in 28 years.​

Built between 1977 and 1985, most of the communities in the Quality Estates Value-Add Portfolio feature swimming pools, parking spaces, playgrounds, and laundry facilities. 

The properties included in the transaction are located in the following cities:

Quality Estates Value-Add Portfolio.Arlington:
  • Cedar Point of Ar​​lington, 272 units.

Fort Worth

  • The Woodlands, 346 units;
  • Marine Creek, 248 units;
  • Normandale Manor, 122 units;
  • Emerald Hills, 276 units.

Garland:

  • Pecan Knoll, 358 units;
  • Broadway Manor, 134 units.

Grand Prairie:

  • Quail Ridge, 292 units.
Multi-Housing News
Dallas-Fort Worth-Arlington
Multifamily
https://www.multihousingnews.com/post/ipa-brokers-2000-unit-texas-portfolio-deal/

S​ee also: Dallas-Fort Worth-Arlington Multifamily Market Research​.

Source: {Source}

 Search NewsTalk Texas