35-acre, mixed-use Lakeside Village OK'd35-acre, mixed-use Lakeside Village OK'dhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198742018-04-20T05:00:00Z2018-04-20T22:30:00Z

Rendering of Lakeside VillageFLOWER MOUND – The Town Council approved Lakeside Village, a 35-acre site to the south of Lakeside DFW near Lake Grapevine.

Lakeside Village will include a mix of retail, restaurants, offices, possibly three hotels, and residential, which would come in the form of villas, lofts over retail and up to five residential towers.

The development would connect to Lakeside DFW, which consists of apartments, a movie theater, single-family homes, and a mix of retail and restaurants.

The first phase will include 600 residential units or three residential towers, whichever comes first.

As part of the development agreement, a trail and amphitheater will go in with the first phase of infrastructure.​

Community Impact Newspaper
Dallas-Fort Worth-Arlington

​Check out DFW Hotel, Multifamily, Office, and Retail Market Research.

Read the full article at the {Source}
Ruckus 2 UT West CampusRuckus 2 UT West Campushttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198692018-04-20T05:00:00Z2018-04-20T21:55:00Z

Rendering of The Ruckus 2.0.AUSTIN – The Ruckus, a year-old student housing development, is getting a companion property.

The Ruckus 2.0 will be at 2401 Rio Grande St. and will rise seven stories with 67 units and 239 beds.

Construction started April 2018 and is expected to be done in time for the fall 2019 semester at the University of Texas.

Cost of construction only, according to TDLR​, is $12 million.

The original Ruckus, at 2502 Nueces St., is 100 percent leased with 45 units and 160 beds.

Austin American-Statesman
Austin-Round Rock
https://www.mystatesman.com/business/what-the-ruckus-student-housing-project-plans-second-tower/MhQyVKd6K9OMfLe3rMMUlK/Read the full article at the {Source}
JLL: DFW industrial forecast? Little signs of slowing downJLL: DFW industrial forecast? Little signs of slowing downhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198352018-04-19T05:00:00Z2018-04-19T22:45:00Z

​​DFW Industrial Market Average asking rents and Fundamentals from JLL 1Q 2018 researchDALLAS-FORT WORTH – The North Texas industrial market absorbed 3,989,307 sf in first quarter 2018, according to JLL’s DFW Industrial Insight and Statistics 1Q 2018 reports.

In 1Q 2018, 3,932,701 sf of industrial space came online, 31,000 sf for manufacturing and 3,901,701 sf for warehouse and distribution.

Within DFW, the South Dallas and North Fort Worth submarkets are hotspots which account for more than half of the warehouse and distribution space under construction.

However, leasing activity was strongest in the centrally-located Great Southwest/Arlington and DFW Airport submarkets in 1Q 2018.

Dallas-Fort Worth-Arlington

Click here for more DFW Industrial Market Research.​

Also check out JLL's Office Insight and Statistics 1Q 2018 reports.

Source: {Source}
JLL Houston: 1Q 2018 Retail Insight and StatisticsJLL Houston: 1Q 2018 Retail Insight and Statisticshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198712018-04-19T05:00:00Z2018-04-19T22:35:00Z

​​​JLL Houston Retail Market Insight & Statistics 1Q 2018: Market Fundamentals and Forecast.HOUSTON – The area’s retail market remains stable, healthy and poised for further growth, according to JLL’s Houston Retail Insight and Statistics 1Q 2018 report.

Two retail categories in particular continue to expand across Houston: discount retail and grocery.

Discount retailers are in expansion mode. 

In fact, many see an opportunity to claim desirable retail spaces in tight urban submarkets as other big-box retailers falter.

While expansion has slowed slightly from 2016 levels, grocery remains one of the most active sectors in Houston’s retail market. 

Grocery brands are expanding both traditional footprints, as well as smaller and two-story prototypes for urban environments.

The Grand Pkwy. continues to spur retail development, particularly along its newest northern sections. 

The north retail submarket saw approximately 353,000 sf of completions and has approximately 849,000 sf of space currently under construction—more than any other retail submarket.

Looking ahead, the metro’s retail market is expected to remain stable and healthy, with moderate growth projected for 2018.
Jones Lang LaSalle (JLL)
Houston-The Woodlands-Sugar Land

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

Source: {Source}
Landmark 'high-rise' (plus barbershop, 7-Eleven) soldLandmark 'high-rise' (plus barbershop, 7-Eleven) soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=197772018-04-19T05:00:00Z2018-04-19T22:00:00Z

​​​Image of the 711 Elm building​DALLAS – The historic retail and parking building at 711 Elm St. has been sold.

There are 137 parking spaces on the upper levels and 7,200 sf of street-level retail space with tenants including a 7-Eleven store and a barbershop.

Built in 1925, the five-story 711 Elm was one of Dallas' first "high-rise" parking garages.

The building was purchased by a local investment group represented by Dallas-based commercial real estate firm Weitzman.​

Dallas Morning News
Dallas-Fort Worth-Arlington

​Check out DFW Retail Market Research.

Read the full article at the {Source}
Now hiring 120 students for TAMU's campus hotelNow hiring 120 students for TAMU's campus hotelhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198792018-04-18T05:00:00Z2018-04-19T00:50:00Z

​​​Rendering of Doug Pitcock ‘49 Hotel and Conference CenteCOLLEGE STATION – ​The new Doug Pitcock ‘49 Hotel and Conference Center on Texas A&M’s campus has about 120 job openings for students.

The event started Monday (April 16, 2018) and will be in Room 2401 of the Memorial Student Center from 9 a.m. to 6 p.m. today ​​​and from 9 a.m. to 3 p.m. Wednesday.​

Benchmark Hospitality is looking to fill a variety of positions, including desk agents, security officers, bartenders, reservation agents and restaurant workers.

The eight-story, 250,000-sf facility will feature a full-service restaurant and bar, 1,000 sf of retail space, a 650-seat ballroom and more than 28,000 sf of conference and meeting space, along with 250 guest rooms.

The center sits directly across from Kyle Field on campus and is expected to open August 2018.

The Eagle
College Station-Bryan
http://www.theeagle.com/news/local/help-wanted-new-hotel-and-conference-center-on-a-m/article_4d1c18b0-417a-11e8-bdcd-ab6a4da89448.htmlRead more at {Source}
Mozart pays $6M for Nazareth HallMozart pays $6M for Nazareth Hallhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198622018-04-18T05:00:00Z2018-04-18T22:55:00Z


EL PASO – Chicago-based Mozart Healthcare LLC purchased the Nazareth Living Care Cent​er Nazareth Hall, a Texas non-profit corporation, for $6.3 million.

Nazareth, a skilled-nursing facility ​at 1475 Raynolds St​., comprises 124 licensed beds.

Located on a 3.39-acre site, the community consists of two buildings: an operational building constructed in 2013 with 74 skilled nursing beds and a 50-unit, unused building with 50 inactive licensed beds.
El Paso
Senior Living
https://globenewswire.com/news-release/2018/04/16/1472136/0/en/Greystone-Real-Estate-Advisors-Closes-6-3M-Sale-of-Texas-Skilled-Nursing-Facility.htmlRead more at {Source}
Spring to H-E-B Market for opening daySpring to H-E-B Market for opening dayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198642018-04-18T05:00:00Z2018-04-18T22:40:00Z

​​​The fuel station at the new H-E-B Market at 5251 FM 2920 is open.SPRING – H-E-B will open at Gosling Rd. and FM 2920 on April 18.

The 105,000-sf store offers Texas-made products, curbside pickup, organic products, and other grocery items. ​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
https://communityimpact.com/local-news/houston/spring-klein/features/business/2018/04/16/h-e-b-will-open-at-gosling-road-and-fm-2920-on-april-18/Read the full article at the {Source}
Sherman showers developers with approvalsSherman showers developers with approvalshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198682018-04-18T05:00:00Z2018-04-18T22:25:00Z

​​​Master plan for the Bluffs at Stone CreekSHERMAN – The Sherman Planning & Zoning Commission has approved an amended zone change and site plan for The Brooks on Heritage Parkway at 1305 S. FM 1417.

The Brooks on Heritage Parkway​ will include seven buildings—a trio of three-story buildings and two pairs of two story buildings—with a total of 148 apartments.

The concept plan provided to the city also shows the complex will feature a pool, pavilion and playground, in addition to a separate free-standing office.​​​

The zoning commission also approved plans for a development​ named Bluffs at Stone Creek​.

Plans for the Bluffs at Stone Creek, include

  • a 406,091-sf assisted-living facility,
  • an apartment complex on 17.388 acres, 
  • a multifamily facility on 3.679 acres, and
  • a separate section of residential homes.
Herald Democrat
http://www.heralddemocrat.com/news/20180417/zoning-changes-for-2-apartment-developmentsRead the full article at the {Source}
Not San Fran, Madrid, or London: $25M St. Elmo to AustinNot San Fran, Madrid, or London: $25M St. Elmo to Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198362018-04-18T05:00:00Z2018-04-18T22:15:00Z

​​​​​​SOUTH AUSTIN – St. Elmo Public Market, an artisan food and retail project, is underway with an opening set for spring 2019.

The $25 million development will include 40,000 sf of public market, 108,000 sf of creative office space, 385 apartment units, and a boutique hotel.

The 12.5-acre site at 4329 S Congress Ave. will be a one-of-a-kind destination for local foods, beverages and restaurants.

Nearly half of the retail space is preleased.

St. Elmo Public Market is inspired by spaces such as Ferry Building Marketplace in San Francisco, Chelsea Market in New York, Pike Place Market in Seattle, Borough Market in London, and the Mercado de San Miguel in Madrid, officials said.​​
Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2018/04/13/st-elmo-public-market-construction-underway.htmlSource: {Source}
Houston's largest downtown employersHouston's largest downtown employershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198572018-04-18T05:00:00Z2018-04-18T22:10:00Z

​​​​​Check out Houston's largest downtown employers.

Ranked by full time downtown employees as of March 2018.List of biggest downtown Houston employers

Houston Business Journal
Houston-The Woodlands-Sugar Land

​​Find the full list in April 6-April 12, 2018​ Vol. 48, No. 49 edition PDF edition, ​pg.​ 20​. You must be a subscriber.

Source: {Source}
CBRE: industrial vacancy down, net absorption positiveCBRE: industrial vacancy down, net absorption positivehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=197442018-04-18T05:00:00Z2018-04-18T22:00:00Z

​​​​​DALLAS-FORT WORTH – First quarter 2018 marks the 30th consecutive quarter of positive net absorption for the industrial market, according to CBRE’s DFW Industrial 1Q 2018 report.

During 1Q 2018, 2.3 million sf was added to the industrial market, with over 50 percent of this space pre-committed.

With 3.9 million sf taken by occupiers during 1Q 2018 the vacancy rate dropped 64 basis points over the quarter to sit at 5.8 percent by the end of March 2018.

Population growth drives demand for warehouse space, and DFW is predicted to have an average annual residential growth rate of 1.9 percent over the next five years, or 391 new people per day.DFW Industril 1Q 2018 Vacancy, Construction,Completions, and Net Absorption data

Dallas-Fort Worth-Arlington

​​Click here to view CBRE's DFW Industrial 1Q 2018 report.

Also see CBRE's DFW Retail 1Q 2018 report.

Check out more DFW Industrial Market Research.

Source: {Source}
409-Unit Alpha West planned near Galleria, then more409-Unit Alpha West planned near Galleria, then morehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=197792018-04-18T05:00:00Z2018-04-18T22:00:00Z

​​Jefferson Alpha West to Farmers Branch

FARMERS BRANCH – A new apartment project is being planned for a new, mixed-use project near the Galleria shopping mall called Alpha West.

JPI is constructing a 409-unit, $74 million apartment complex, named Jefferson Alpha West, as part of the project at the southwest corner of Inwood Rd. and Alpha Rd.

The apartment complex will have a resort-style pool, a two-story clubhouse, and a fitness center, and the complex with be within walking distance of the Galleria.

Up to 300,000 sf of office space, 100,000 sf of retail, and a 155-room hotel are also planned in the broader Alpha West project.​

Dallas Business Journal
Dallas-Fort Worth-Arlington

​Check out DFW Hotel, Multifamily, Office, and Retail Market Research.

Read the full article at the {Source}
Lincoln buys fully occupied Shops at ColoradoLincoln buys fully occupied Shops at Coloradohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198192018-04-18T05:00:00Z2018-04-18T22:00:00Z
​​​​​Image of Shops at ColoradoDENTON – Shops at Colorado, a 74,310-sf retail center, has sold.

​​The shopping center is located at the Northwest corner of Colorado Blvd. and S. Loop 288.

The retail property is 100 percent occupied with tenants including Bed Bath & Beyond, Spec’s, Party City, and Sherwin Williams.

Lincoln Retail Income & Growth Fund purchased the asset from RCG-Denton LLC.​
Dallas-Fort Worth-Arlington

​Check out ​DFW Retail Market Research.

Source: {Source}
Éilan hits The Rim with saleÉilan hits The Rim with salehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=197872018-04-18T05:00:00Z2018-04-18T21:50:00Z

​​An image of the Eilan development, looking down one of the main avenues through it.SAN ANTONIO – A California real estate firm has purchased the $102 million Éilan Luxury Residences near The Rim—one of the largest in a recent wave of multifamily acquisitions in San Antonio by out-of-state investors.

FPA Multifamily bought the 17.2-acre, 539-unit complex on March 30, 2018 for an undisclosed price.

The purchase also includes 17 retail suites.

Netherlands-based Wereldhave built Éilan in 2012 and sold the community to Lone Star Funds in 2013.​​
San Antonio Express-News
San Antonio-New Braunfels

​See also: San Antonio-New Braun​​fels Multifamily Market Research​.

Read more at the {Source}
Dell Diamond, Old Settlers, and Kalahari Resort Dell Diamond, Old Settlers, and Kalahari Resort https://www.recenter.tamu.edu/news/newstalk-texas/?Item=198602018-04-18T05:00:00Z2018-04-18T21:00:00Z

​​​​​Rendering of Kalahari Resort.ROUND ROCK – Kalahari Resort and Convention Center will break ground May 15, 2018 off the south side of US 79.

Located directly across from the Dell Diamond and Old Settlers Park, the $350 million project will include a 975-room hotel, a 150,000-sf convention center, a water park, and restaurants.

Round Rock City Council voted to rezone about 340 acres east of Kenney Fort Blvd. into Kalahari's planned unit development, which will host the resort, hotel and conference center.

City Council also rezoned about 14 acres west of Kenney Fort for commercial purposes, including possible dormitory-style housing for Kalahari employees.

Kalahari Resort is scheduled to open late 2020.

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2018/04/13/construction-imminent-for-transformative-kalahari.htmlRead more at {Source}
ABOR: Austin to Wimberley home sales March 2018ABOR: Austin to Wimberley home sales March 2018https://www.recenter.tamu.edu/news/newstalk-texas/?Item=197812018-04-18T05:00:00Z2018-04-18T19:45:00Z

​​​​​AUSTIN – March 2018 housing statistics have been released by Clarus MarketMetrics from the Austin Board of Realtors (ABOR).​

ABOR data for March 2018, released April 10, 2018.

Prudential Ada, Realtors
Austin-Round Rock

​See also: Austin-Round Rock housing market research​.

Source: {Source}
$937M power grid charges to Willis$937M power grid charges to Willishttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=195672018-04-17T05:00:00Z2018-04-17T23:00:00Z

​​​Charging up the power grid​LAKE CONROE AREA; GULF COAST REGION – Entergy Texas is building a $937 million power station on the north side of the Lewis Creek Reservoir in Willis, said Steve Pilgrim, Entergy Texas director of business and economic development.​

The company will start construction on the 993-megawatt power station at the Lewis Creek location in 2019. 

The new power plant and electrical infrastructure is expected to address projected growth and aid with economic development initiatives throughout the Lake Conroe area and Gulf Coast region starting in 2021.

By 2022, the Lake Conroe area is projected to boast about 185,000 residents—an increase from about 167,000 residents in 2017, according to an economic and development forecast compiled by Community Development Strategies,

​The station could have a significant economic effect in the region and create 750 construction jobs throughout construction of the plant and 25 permanent jobs to staff it.​​​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Infrastructure & Transportation
https://communityimpact.com/houston/conroe-montgomery/news/2018/03/22/new-power-plant-create-jobs-increase-utility-rates/Read more at the {Source}
Will God-zillatron II stomp at UT?Will God-zillatron II stomp at UT?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=198402018-04-17T05:00:00Z2018-04-17T23:00:00Z

​​​​​​Aerial view of Darrell K. Royal-Texas Memorial Stadium.AUSTIN – The University of Texas has issued a request for qualifications (RFQ) to construction companies that can renovate and expand Darrell K. Royal-Texas Memorial Stadium.

The stadium currently has a capacity of more than 100,000 people and is in line for a $140 million boost.

The expansion will focus on the stadium's south end, the site of the current “Godzillatron” screen.

The massive scoreboard cost the university $8 million when it was constructed in 2006. 

Another Godzillatron is not known at this time.

More suites and seats are expected to be added, and the RFQ calls for additional kitchen space, club rooms, offices for coaches, restrooms and more.

Responses to the RFQ are due May 7, 2018.

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2018/04/13/ut-seeks-construction-firm-to-expand.htmlRead more at the {Source}
Travis County Housing Market March 2018Travis County Housing Market March 2018https://www.recenter.tamu.edu/news/newstalk-texas/?Item=198462018-04-17T05:00:00Z2018-04-17T22:55:00Z


Austin-Round Rock
https://www.youtube.com/watch?v=eFz3eqhzLBcSource: {Source}

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