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Empire developing 110 homes in northeast SAEmpire developing 110 homes in northeast SAhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277332022-06-29T05:00:00Z2022-06-30T21:00:00Z

​SAN ANTONIO – Houston-based Empire Communities has broken ground on Everly Estates, a 110-home community between US 87 and Beck Rd. in northeast San Antonio.

One- and two-story options are available with as many as six bedrooms and four-and-a-half baths. Homes range from 2,700 to 4,500 sf. Prices will start at $600,000.

Construction begins this summer. Homes will be available for sale later this year.

San Antonio Business Journal
San Antonio-New Braunfels
Housing
https://www.bizjournals.com/sanantonio/news/2022/06/29/empire-communities-houston-break-ground-homes.htmlRead more at {Source}
Sugar Land self-storage facility sellsSugar Land self-storage facility sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277252022-06-29T05:00:00Z2022-06-30T20:00:00Z

​SUGAR LAND – OB Companies/My Place Self Storage has purchased Imperial Self Storage at 15025 Voss Rd. 

The Class A self-storage facility totals 95,963 sf and features motion-detector LED lights, keypad entry, 100 percent climate-controlled units, surveillance cameras, individual unit locks, and on-site management.

JLL represented the seller, SurePoint Self Storage.​​​

JLL
Houston-The Woodlands-Sugar Land
Retail
Read more at {Source}
DLP Capital docks at Harbor HouseDLP Capital docks at Harbor Househttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277262022-06-29T05:00:00Z2022-06-30T20:00:00Z

CORPUS CHRISTI – DLP Capital has acquired Harbor House on Saratoga at 6225 Saratoga Blvd.

The 252-unit complex offers seven floor plans with one, two, or three bedrooms.

Amenities include a pool, clubhouse, basketball court, dog park, media room/theater, fitness center, grilling areas, and covered parking.

The property will be renamed DLP Saratoga. 

Business Wire
Corpus Christi
Multifamily
https://www.businesswire.com/news/home/20220627005233/en/DLP-Capital-Acquires-Harbor-House-Multifamily-in-Corpus-ChristiRead more at {Source}
H-E-B expanding Temple facility by 325,000 sfH-E-B expanding Temple facility by 325,000 sfhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277322022-06-29T05:00:00Z2022-06-30T20:00:00Z

TEMPLE – H-E-B is expanding its local distribution facilities with a new automated frozen distribution line.

The 325,000-sf expansion will provide over 100 jobs.

​Construction begins at the end of this year and will wrap in 2024.​​

PR News Wire
Killeen-Temple
Industrial
https://www.prnewswire.com/news-releases/h-e-b-expanding-in-temple-tx-with-planned-frozen-distribution-center-301577579.htmlRead more at {Source}
Local investors purchase Pyramid PlazaLocal investors purchase Pyramid Plazahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277302022-06-29T05:00:00Z2022-06-30T19:00:00Z

​​LUBBOCK – Local investors have acquired Pyramid Plaza at 3223 S. Loop 289.

The owners will immediately begin modernizing the 116,000-sf office building.

Improvements include an elevator modernization program, new exterior lighting plan, and upgrades to common areas and parking lots. Individual suites will be remodeled.

Gemini Rosemont Real Estate was the seller. Coldwell Banker Commercial Capital Advisors represented the buyer.​​​​

EverythingLubbock.com
Lubbock
Office
https://www.everythinglubbock.com/news/local-news/local-investment-group-completes-purchase-of-pyramid-plaza-building-in-lubbock/Read more at {Source}
DISCO sets up shop at new Austin HQ DISCO sets up shop at new Austin HQ https://www.recenter.tamu.edu/news/newstalk-texas/?Item=277232022-06-29T05:00:00Z2022-06-30T18:00:00Z

AUSTIN – Artificial intelligence solution developer DISCO has opened a 46,000-sf headquarters within the One Eleven Congress building downtown.

Forty percent of the company's 600 employees will occupy the space at 1 Congress Ave​​.

Atlanta-based Cousins Properties owns the building.​

REBUSINESS
Austin-Round Rock
Office
https://rebusinessonline.com/disco-opens-46000-sf-headquarters-office-in-downtown-austin/Read more at {Source}
700-unit San Antonio storage facility sells700-unit San Antonio storage facility sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277242022-06-29T05:00:00Z2022-06-30T18:00:00Z

SAN ANTONIO – Point Acquisitions has acquired a 700-unit self-storage facility at 18975 Marbach Ln.

The property spans 65 acres and has 362,000 sf of rentable space. Twenty acres are available for additional expansion.​

REBUSINESS
San Antonio-New Braunfels
Retail
https://rebusinessonline.com/point-acquisitions-buys-700-unit-self-storage-facility-in-san-antonio/Read more at {Source}
Surge in luxury apartments lures North Texas renters Surge in luxury apartments lures North Texas renters https://www.recenter.tamu.edu/news/newstalk-texas/?Item=277222022-06-29T05:00:00Z2022-06-30T14:00:00Z

​​SANTA BARBARA, Calif. —  North Texas has three cities among the top ten that built the largest share of luxury rentals over the last decade.

Plano and Irving, along with Dallas proper, have seen a surge in apartments that offer VIP treatment. That's according to StorageCafe's most recent analysis based on the ratio of high-end apartments out of the total deliveries in the last ten years, in the 100 biggest cities.

"I can only speak for Texas, but I believe Texas is behind the curve in new apartment construction," said Dr. Harold Hunt, Texas Real Estate Research Center research economist. "I base that thought on a year-over-year increase in average apartment rents in Texas that is just under 20 percent."

Highlights on DFW's premier apartment living include:

  • Plano ranks first among Texas cities and third nationally, with 98.5 percent of its new apartments offering top-notch living.
  • Plano apartments that fall under the “luxury" label are over 945 sf on average. Amenities include resort-like pools, tennis courts, EV charging stations, and co-working spaces.
  • Irving ranks sixth for luxury apartments, with 97 percent of the apartments built since 2012 showcasing top-rated amenities.
  • In response to unprecedented demand, 55,000 units have been delivered in Dallas proper over the last decade, with 96 percent of the new supply being luxury apartments. Much of this slew of luxury developments came in response to massive corporate relocations to DFW.

luxury texas apt.png



StorageCafe
Dallas-Fort Worth-Arlington
Housing
https://www.storagecafe.com/blog/mid-sized-cities-in-arizona-texas-lead-the-country-for-premier-apartment-living/Read more at {Source}
GlobiTech semiconductor manufacturing facility planned for ShermanGlobiTech semiconductor manufacturing facility planned for Shermanhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277212022-06-28T05:00:00Z2022-06-29T22:00:00Z

SHERMAN – GlobiTech Inc. will build a manufacturing facility that could create 1,500 jobs and generate up to $5 billion in capital investment.

The facility will provide silicon epitaxy products and services for the company, a subsidiary of Taiwanese manufacturer GlobalWafers Co. 

A $15 million Texas Enterprise Fund grant has been extended to GlobiTech. The state also offered a $10,000 Veteran Created Job Bonus for the company.

The Dallas Morning News reported last week that Sherman was using up to $34 million in incentives to lure the company. 

The Sherman City Council, the Grayson County Commissioners Court and the Grayson College Board of Trustees approved proposed tax abatements and rebates for GlobiTech. In addition, the Sherman Economic Development Corp. had already approved an incentive package for the deal.

Houston Business Journal
Sherman-Denison
Industrial
https://www.bizjournals.com/houston/news/2022/06/28/sherman-globitech-semiconductor-silicon-wafer.htmlRead more at {Source}
Orion adds Remington Ranch to portfolioOrion adds Remington Ranch to portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277172022-06-28T05:00:00Z2022-06-29T21:00:00Z

SAN ANTONIO – Orion Real Estate Partners has acquired Remington Ranch, a 180-unit apartment community at 12511 Jones Maltsberger Rd.

The Los Angeles-based firm will invest over $2 million for improvements.

Amenities include a clubhouse, business lounge, coffee bar, fitness center, and pool.

Anterra will manage the property. CBRE Multifamily Capital provided an acquisition loan.​​​

PRNewswire
San Antonio-New Braunfels
Multifamily
https://www.prnewswire.com/news-releases/orion-real-estate-partners-acquires-180-unit-value-add-apartment-complex-in-san-antonio-texas-301576150.htmlRead more at {Source}
Cheniere Energy moving global HQ to Texas TowerCheniere Energy moving global HQ to Texas Towerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277182022-06-28T05:00:00Z2022-06-29T21:00:00Z

​HOUSTON – In what the Houston Chronicle is calling one of the biggest office deals in the city's CBD this year, Cheniere Energy is moving its global headquarters to Texas Tower.

The liquefied natural gas company has leased 151,490 sf of office space plus about 16,700 sf of outdoor space at the 47-story building at 845 Texas Aven.

The firm will relocate next year from 700 Milam at Pennzoil Place.

Texas Tower was developed by local real estate firm Hines and Canadian real estate firm Ivanhoé Cambridge. Designed by Connecticut-based architecture firm Pelli Clarke & Partners, the 1.2 million-sf tower opened in December and is about 70 percent leased.​

Houston Chronicle
Houston-The Woodlands-Sugar Land
Office
https://www.houstonchronicle.com/business/real-estate/article/Cheniere-Energy-to-move-global-headquarters-to-17269530.phpRead more at {Source}
DJE picks up three SA multifamily propertiesDJE picks up three SA multifamily propertieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277192022-06-28T05:00:00Z2022-06-29T21:00:00Z

SAN ANTONIO – DJE Texas Management Group has closed on the DJE North Portfolio, which comprises three multifamily complexes at:

  • 12221 Blanco Rd.,
  • 7302 University Row, and
  • 8631 Fairhaven St.

The properties house a total of 600 units.

DJE will execute a $5.2 million value-add plan. Improvements will​ include upgrades to in-unit amenities and swimming pools, exterior building renovations, and the addition of washer/dryer units.

Most improvements will be complete by the end of 2023.​

Multifamilybiz.com
San Antonio-New Braunfels
Multifamily
https://www.multifamilybiz.com/news/10195/texasbased_real_estate_investment_group_acquires_t...Read more at {Source}
DFW Park 161 trades handsDFW Park 161 trades handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277202022-06-28T05:00:00Z2022-06-29T21:00:00Z

IRVING – Invesco Real Estate and Perot Development Co. has sold DFW Park 161, a 91-acre, Class A industrial park at 3000, 3050, and 3150 SH 161. BentallGreenOak acquired the park for an institutional investor.

The property houses three buildings on one million sf at DWF International Airport.

Amenities include 227 dock-high doors, eight drive-in doors, low office finish, ESFR fire protection, LED lighting, parking space for vehicles and trailers, and clear heights ranging from 32 to 36 ft.

JLL Capital Markets brokered the sale.

ReJournal
Dallas-Fort Worth-Arlington
Industrial
https://rejournals.com/jll-closes-sale-of-industrial-park-in-irving/Read more at {Source}
Tapatio Springs resort sells following fireTapatio Springs resort sells following firehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277152022-06-28T05:00:00Z2022-06-29T20:00:00Z

​​​BOERNE – The Tapatio Springs Hill Country Resort has been sold. The anonymous new owner took over on June 2.

Tapatio Springs houses 111 rooms, a golf course, dining options, indoor and outdoor event venues, and a 35,000-sf clubhouse.

​​The 220-acre property sustained a fire three weeks prior to the sale. The fire destroyed a spa and fitness center. This is the second fire since 2017.

San Antonio Business Journal
San Antonio-New Braunfels
Retail
https://www.bizjournals.com/sanantonio/news/2022/06/28/tapatio-springs-hill-resort-sale.htmlRead more at {Source}
Master-planned Dean Ranch community coming to FWMaster-planned Dean Ranch community coming to FWhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277162022-06-28T05:00:00Z2022-06-29T20:00:00Z

FORT WORTH – A 1,825-acre master-planned development with homes, townhomes, and commercial space is coming to Parker County.

Dean Ranch, which will be near I-20 and FM 1187, could have 2,600 to 3,000 homes.

A 238-acre portion of the project will be annexed into the C​ity of Aledo. That portion will have about 325 single-family homes and 100 townhomes from D.R. Horton and other builders.

Houston-based Levens Capital Partners LLC is under contract to buy 1,500 acres of the site.

Dallas Morning News
Dallas-Fort Worth-Arlington
Mixed-Use
https://www.dallasnews.com/business/real-estate/2022/06/28/massive-development-to-serve-as-gateway-into-city-west-of-fort-worth/Read more at {Source}
The Johnny underway in east AustinThe Johnny underway in east Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277142022-06-28T05:00:00Z2022-06-29T19:00:00Z

​​AUSTIN – The Geyser Group and The Sephira Group have broken ground on The Johnny, a multifamily complex at 613 W. St. John's Ave.

The property comprises 76 studio and one- and two-bedroom units. Sixteen are allocated for residents making less than 60 percent of the median area income.

Amenities include a fitness center and rooftop deck with outdoor kitchen.

Construction wraps in January 2023.​

REBUSINESS
Austin-Round Rock
Multifamily
https://rebusinessonline.com/geyser-group-sephira-underway-on-76-unit-multifamily-project-in-east-austin/Read more at {Source}
Pecan Park Plaza bounces to new ownerPecan Park Plaza bounces to new ownerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277072022-06-27T05:00:00Z2022-06-28T21:00:00Z

​LEAGUE CITY – Baker Katz has acquired Pecan Park Plaza retail center from WFP Pecan Park LP.

The 108,000-sf center is on the corner of FM 518 and I-45.

Pecan Park Plaza is anchored by a Jumping World indoor trampoline park. Other tenants are Dollar Tree, Kolache Factory, and Hertz.

Baker Katz plans to add a new roof and replace the parking surface area.

Occupancy is currently above 80 percent. 

Houston Business Journal
Houston-The Woodlands-Sugar Land
Retail
https://www.bizjournals.com/houston/news/2022/06/25/pecan-park-plaza-retail-center-acquisition.htmlRead more at {Source}
Brauntex Storage trades handsBrauntex Storage trades handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277112022-06-27T05:00:00Z2022-06-28T21:00:00Z

NEW BRAUNFELS – Marcus and Millichap brokered the sale of Brauntex Storage, a 194-unit self-storage facility at 726 N. Walnut Ave.

The facility sits on 2.5 acres.

The buyer was a New York-based investment firm.​

REBUSINESS
San Antonio-New Braunfels
Retail
https://rebusinessonline.com/category/texas/Read more at {Source}
Midland College expansion underwayMidland College expansion underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277122022-06-27T05:00:00Z2022-06-28T21:00:00Z

MIDLAND – Adolfson & Peterson Construction has broken ground on a 60,000-sf expansion of the Midland College (MC) Campus.

The two-story facility will house the MC education program and enlarge its existing Pre-K Academy. This increases the Pre-K Academy partnership between MC and MISD from 68 seats to 288 seats.

Permian Strategic Partnership and the Scharbauer Foundation Inc. each donated $10 million for the project. Fundraising is 90 percent complete.

Parkhill is the architect. Construction will wrap in fall 2023.​

Adolfson & Peterson Construction
Midland
Education
Read more at {Source}
San Antonio could grow by 80k households over next four yearsSan Antonio could grow by 80k households over next four yearshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=277082022-06-27T05:00:00Z2022-06-28T20:00:00Z

SAN ANTONIO – Alamo City could grow by 80,000 households by 2026, according to a report published by housing market researcher Zonda.

The figure is bolstered by strong domestic migration to the, with between 18,000 and 19,000 new city residents expected per year over the next four years. 

According to Realtor.com data, almost 40 percent of the city's comes from Austin, Houston, Dallas, and Corpus Christi.

Housing starts have surged since first quarter 2021 to meet demand. Zonda reports there were 5,696 housing starts in first quarter 2022, a 27 percent year-over-year increase. Most of the new homes are being built on San Antonio's west side.

San Antonio Business Journal
San Antonio-New Braunfels
Demographics & Population
https://www.bizjournals.com/sanantonio/news/2022/05/26/80-thousand-households-san-antonio-2026-zonda.html?utm_source=st&utm_medium=en&utm_campaign=EX&utm_content=an&ana=e_an_EX&j=28192866&senddate=2022-06-27Read more at {Source}

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