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At Home getting new HQ, showroom in DallasAt Home getting new HQ, showroom in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=270112022-01-19T06:00:00Z2022-01-19T21:00:00Z

​​DALLAS – Billingsley Co. has started construction on a 260,000-sf headquarters campus for Plano-based At Home. 

The property will be within Billingsley’s Cypress Waters development. It will consist of 182,000 sf​​ of office space and a 78,000-sf design center. ​

Amenities will include training rooms, wellness facilities, coworking space, and barista bar. 

GFF and Corgan designed the project. ​

Completion is slated for December. ​​

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REBUSINESS
Dallas-Fort Worth-Arlington
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Austin second-best metro for STEM professionalsAustin second-best metro for STEM professionalshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=270092022-01-19T06:00:00Z2022-01-19T20:00:00Z

​​​WASHINGTON – Austin-Round Rock is second on WalletHub's list of the best metro areas for STEM (science, technology, engineering, and math) professionals.

The Texas Capital ranks fourth in professional opportunities, 12th in quality of life, and 27th in STEM-friendliness. 

​Austin is also third in highest quality of engineering universities and fifth in highest percentage of workforce in STEM. 

​Dallas-Fort Worth-Arlington and Houston-The Woodlands-Sugar Land are the only other Texas metros in the top 40, ranking 34th and 37th, respectively. The latter is second in the highest annual median wage for STEM workers. 

The rest of the top five metros, according to WalletHub, are:

  • No. 1 Seattle;

  • No. 3 Boston; 

  • No. 4 Madison, Wis.; and 

  • No. 5 Minneapolis. ​

To determine the best markets for STEM professionals, WalletHub compared the 100 largest metro areas across 19 key metrics.

Earlier this month, Austin was named the fifth-best city for jobs in 2022.

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​​​​​Source: WalletHub
WalletHub
Texas
Employment
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Casey Development buys bowling alley for redevelopment Casey Development buys bowling alley for redevelopment https://www.recenter.tamu.edu/news/newstalk-texas/?Item=270052022-01-18T06:00:00Z2022-01-19T18:00:00Z

​​University Bowl property SAN ANTONIO – Casey Development has purchased the 84,496-sf University Bowl property​​​​​ at 12332 W. I-10.

Casey will redevel​op the 6.5-acre site by bringing in a tenant to operate another bowling alley or entertainment center. 

The site could also become a data center, call center, or charter school. 

Texas logoGet more San Antonio-area retail news on the Texas Real Estate Research Center's website:

​​​​Source: ​San Antonio Business Journal

San Antonio Business Journal
San Antonio-New Braunfels
Retail
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Former DHL Intermodal Campus acquired by New York investment firmFormer DHL Intermodal Campus acquired by New York investment firmhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269722022-01-19T06:00:00Z2022-01-19T18:00:00Z

​BAYTOWN – Reich Brothers has purchased the 1.2 million-sf former DHL Intermodal Campus. 

The industrial prop​erty consists of four building​s spanning between 200,000 and 400,000 sf on over 67 acres​​. ​

The ​buildings have 28- to 40-ft clear heights, car and trailer parking, and renovated office space. 

Reich will invest in distribution, rail and port-related logistics, and manufacturing improvements.​

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

​Source: REBusiness Online

REBUSINESS
Houston-The Woodlands-Sugar Land
Industrial
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Regent Properties buys 435K-sf downtown office building Regent Properties buys 435K-sf downtown office building https://www.recenter.tamu.edu/news/newstalk-texas/?Item=270012022-01-18T06:00:00Z2022-01-19T17:00:00Z

435K-sf office building in downtownAUSTIN – Regent Properties has acquired 816 Congress, a 435,000-sf office building in downtown.

The 20-story building has a fitness center, sky lounge with terrace, and conference facilities.

Regent will implement a capital imp​rovement program and activate 12,000 sf of retail space. ​

Texas logoThe Texas Real Estate Research Center has more office news for Austin-Round Rock:

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Austin-Round Rock
Office
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OHT Partners breaks ground on 315-unit Lenox GrandOHT Partners breaks ground on 315-unit Lenox Grandhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=270022022-01-18T06:00:00Z2022-01-19T17:00:00Z

​​Pool view of 315-unit Lenox Grand apartments AUSTIN – OHT Partn​ers has broken ground on Lenox Grand, a 315-unit apartment complex on 16.4 acres at 13505 Burnet Rd.

The property will have one- to three-bedroom units. Amenities will include a work studio, dog park, pickleb​all court, walking trails, and two pools.

Construction will be complete in 2023. ​

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Multifamily
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Niagara Bottling to build manufacturing facility in LancasterNiagara Bottling to build manufacturing facility in Lancasterhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269962022-01-13T06:00:00Z2022-01-18T23:00:00Z

​​​LANCASTER – Niagara Bottling is building a 1.2 million-sf manufacturing plant on 70 acres at 1535 E. Beltline Rd.

The $70 million facility will create 70 full-time jobs.

The city council approved a Chapter 380 economic development agreement and a grant agreement to not exceed $1.04 million.​

Completion is set for third quarter 2023.

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

Dallas Business Journal
Dallas-Fort Worth-Arlington
Industrial
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JV acquires new apartment community in Metro HoustonJV acquires new apartment community in Metro Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269932022-01-18T06:00:00Z2022-01-18T21:00:00Z

​​​ROSENBERG – Sueba USA has sold Town Center Lofts​ to a joint venture of Redwood Capital Group and Heitman. 

Built in 2021, the 309-unit property has studio and one- and two-bedroom floor plans ranging from 560 to 1,207 sf.

Amenities include two pools, a 24-hour fitness center, community clubroom with a chef-inspired kitchen, and package lockers.

Berkadia represented the seller.

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

​Source: REBusiness Online​

REBUSINESS
Houston-The Woodlands-Sugar Land
Multifamily
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Avera building industrial project along US 290Avera building industrial project along US 290https://www.recenter.tamu.edu/news/newstalk-texas/?Item=269952022-01-18T06:00:00Z2022-01-18T21:00:00Z

​​​​​HOUSTON – The Avera Companies has acquired 68 acres at the northeast corner of US 29​0 and Kermier Rd. to build a 1.3 million-sf industrial project.

Called ​290 Grand Logistics, the project will include car and trailer storage, a build-to-suit office space, and a 40-ft clear height.

Completion is set for first quarter 2023.

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

​Source: Realty News Report​

Realty News Report
Houston-The Woodlands-Sugar Land
Industrial
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1.6M-sf business park planned for southern Dallas County 1.6M-sf business park planned for southern Dallas County https://www.recenter.tamu.edu/news/newstalk-texas/?Item=269792022-01-18T06:00:00Z2022-01-18T20:00:00Z

PictureWILMER – TRG is developing a 1.6 million-sf, two-building business park at 1690 E. Pleasant Run Rd. near I-45.

Stream Realty Partners and Th​reecore are building the project, called Core45.

Grandview Partners is funding the project. Stream is handling leasing.

The first buildings will deliver in first quarter 2023.

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

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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Put the pedal to the metal: Texas fifth-best state for drivingPut the pedal to the metal: Texas fifth-best state for drivinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269972022-01-18T06:00:00Z2022-01-18T16:00:00Z

​​WASHINGTON – Texas is the fifth-best state to drive in, says a WalletHub study.

The Lone Star State ranks first​ in cost of ownership and maintenance, fourth in access to vehicles and maintenance, 14th in safety, and 41st in traffic and infrastructure. 

Texas is tied for first with California and Florida for most car washes per capita. It is also second in lowest average gas prices and fifth in fewest days with precipitation. 

The rest of the top five driving states are Iowa, Oklahoma, Kansas​, and North Carolina.

Last year, Texas ranked first on WalletHub's top driving states list.​ Texas was also the second-best state for summer road trips.

Texas logoThe Texas Real Estate Research Center has more infrastructure and transportation news​ online for free.

​Source: WalletHub
WalletHub
Texas
Infrastructure & Transportation
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Pearlstone bringing two residential projects to AustinPearlstone bringing two residential projects to Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269982022-01-18T06:00:00Z2022-01-18T16:00:00Z

​​​AUSTIN – Pearlstone Partners LLC is developing two residential projects across the metro.  

The first is a 170-unit condo community at 2323 S. Lamar Blvd. The property will include ground-floor retail and creative office space. 

Construction begins in mid-2022 and will be complete by mid-2024. 

Pearlstone is also transforming a gas station at 14th and Lavaca Streets into a residential tower. 

Construction begins in early 2023 and will be complete in 2025. 

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
Austin Business Journal
Austin-Round Rock
Multifamily
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Two apartment complexes trade hands in SATwo apartment complexes trade hands in SAhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269992022-01-18T06:00:00Z2022-01-18T16:00:00Z

​SAN ANTONIO – Bellaire Partners has sold two multifamily properties to local buyers Mo and Laura Quraish. 

The 119-unit Dunes Apartments at 6218​ S. New Braunfels Ave. has studio and one- and two-bedroom units. 

Montrose Place at 427 Montrose St. has 72 one- and two-bedroom units. 

The Multifamily Group arranged the transaction.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
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Dallas real estate developer snags another Houston property Dallas real estate developer snags another Houston propertyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269732022-01-17T06:00:00Z2022-01-17T22:00:00Z

KATY – Westmount Realty Capital has acquired Station at Mason Creek, a Class-A, garde​n-style apartment community located at 21500 Park Row.

Built in 2001, the 291-unit commu​​nit​y has one-, two, and three-bedroom floor plan​​​s averaging 772 sf. 

Amenities include a saltwater pool with splash pad, fitness center, coffee bar, clubhouse, business center, dog park, garage, and carport parking.

Westmont will rebrand the property as Westmount at Mason Creek.

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

​Source: Westmount Realty Capital LLC

Westmount Realty Capital LLC
Houston-The Woodlands-Sugar Land
Multifamily
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Seven DFW multifamily properties sold Seven DFW multifamily properties sold https://www.recenter.tamu.edu/news/newstalk-texas/?Item=269892022-01-17T06:00:00Z2022-01-17T21:00:00Z

​​FORT WORTH – Marcus & Millichap brokered the sale of seven multifamily properties totaling 1,162 units.

The assets sold for a total of $120 million to a variety of investors, both local and out of state.

The properties are the:

  • 484-unit Meadow Ridge, built in 1981 at 3101 W. Normandale St​. in Fort Worth;

  • 265-unit Villas at Cantamar, built in 1971 at 8225 Calmont Ave. in Fort Worth;

  • 88-unit La Ventana on Rochelle, built in 1962 at 1201 W. Rochelle Rd. in Irving;​

  • 64-unit Colony on Rochelle, built in 1986 at 1000 W. Rochelle Rd. in Irving;

  • 94-unit The Bristols Apartments, built in 1963 at 825 Norwood Dr. in Hurst;

  • 87-unit La Ventana Apartments, built in 1971 at 3711 Dilido Rd. in Dallas; and​

  • 80-unit In Place Apartments, built in 1973 at 2920 Kendale Dr. in Dallas.

Marcus & Millichap Capital Corporation arranged financing for The Bristols, La Ventana, and In Place. 

Texas logoThe Texas Real Estate Research Center​​​​ has more multifamily news online for free:

​Source: Marcus & Millichap
Marcus & Millichap
Dallas-Fort Worth-Arlington
Multifamily
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Former KKK building becoming arts and community centerFormer KKK building becoming arts and community centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269882022-01-17T06:00:00Z2022-01-17T20:00:00Z

​​FORT WORTH – A coalition of arts nonprofits is purchasing a former Ku Klux Klan meeting hall at 1021 N. Main St. with plans to transform the building.​

The building will be named the Fred Rouse Center for the Arts and Community Healing, in honor of the Black Stockyards worker and Fort Worth resident lynched 100 years ago by a white mob.

Plans include a civil rights museum and exhibit, space for art exhibitions, services for LGBTQ youth, meeting spaces, an amphitheater, park, and outdoor market.

The purchase was made possible by a grant from the Rainwater Charitable Foundation along with support from numerous nonprofits.

Texas logoThe Texas Real Estate Research Center​​​​ has more Dallas real estate news​ online for free. 

​Source: Fort Worth Star-Telegram

Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
Public Facilities
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Prism Multifamily Group buys 324-unit apartment community in east AustinPrism Multifamily Group buys 324-unit apartment community in east Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269902022-01-17T06:00:00Z2022-01-17T20:00:00Z

​​AUSTIN – Prism Multifamily Group has purchased Citizen House Decker, a 324-unit apartment community at 5301 Decker Ln., from Endeavor Real Estate Group.

Built in 2021, the property has one- and t​wo-bedroom units. 

Amenities include a pool, clubhouse, business center, fitness center, arcade, coworking spaces, and outdoor grilling areas. 

Newmark brokered the transaction. 

The new ownership will rebrand the community as Spectra Parks.

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Austin-Round Rock
Multifamily
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20-unit The Legacy townhome community opens in Tobin Hill20-unit The Legacy townhome community opens in Tobin Hillhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269912022-01-17T06:00:00Z2022-01-17T20:00:00Z

​​​​SAN ANTONIO – Robert Melvin has completed The Legacy, a 20-unit townhome project at 1817 N. St. Mary's St. 

The community has two- and three-bedroom units. Homes range from $550,000 to $615,000. 

Half of the units have been sold.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
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463-unit residential community slated for Pflugerville463-unit residential community slated for Pflugervillehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269922022-01-17T06:00:00Z2022-01-17T20:00:00Z

​PFLUGERVILLE – LIV Development LLC is developing The Livano Pflugerville, a 463-unit residential community.

The development will be on 30 acres at the intersection of SH 130 and E. Pecan St. It will be a mix of single-family and multifamily units. 

Construction begins in the second quarter. 

LIV Development acquired the land from Ventures LLC in December.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
Austin Business Journal
Austin-Round Rock
Housing
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Houston energy supplier secures new office buildingHouston energy supplier secures new office buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=269762022-01-17T06:00:00Z2022-01-17T18:00:00Z

​​​​​HOUSTON – BioUrja Group has acquired a 192,313-sf office building in the We​stchase District.

Delivered in 1981, the ten-story midrise building is on nearly four acres at 1500 Citywest Blvd. It includes a 641-space parking garage with covered walkways and an on-site deli. 

Since 2015, the property has undergone several rounds of renovations, which will be continued by the new owner.​

BioUrja will occupy 10,000 sf in the building.

JLL Capital Markets represented the seller. Avison Young represented BioUrja.

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

​Source: Houston Business Journal​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Office
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