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​​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.

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

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

​​​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.

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

​​​​​​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.

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

​MANSFIELD – 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.

​​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.

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

​​​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.

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

​​​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.

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

​​​​​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. 

​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.

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

​​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.

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

​​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.

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

​​​​​​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.

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

​​​​​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.

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

​​​​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.

​​​​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​.

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​​​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.

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

​​​​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.

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

​GREATER 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.

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

​​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:

Arlington:

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.
  

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