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Senior-living community OK'd by Missouri CitySenior-living community OK'd by Missouri Cityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=190742018-02-17T06:00:00Z2018-02-17T20:00:00Z

​​Vrindavan Resorts, an active senior living community, has been approved for establishment on 13.6 acres. MISSOURI CITY – Vrindavan Resorts, an active senior-living community, has been approved by Missouri City Council for an establishment on 13.6 acres. 

Consisting of approximately 20 buildings up to three stories, it will feature 160-164 units and common areas for residents, including green space for outdoor activities, a badminton court, and a garden. 

The community is targeted towards residents age 55 years old and older. 

The development is located on Staffordshire Rd., north of Knanaya Homes subdivision and west of Quail Green West and Hunters Green subdivisions.

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Senior Living
https://communityimpact.com/houston/sugar-land-missouri-city/city-county/2018/02/06/new-developments-reinvestment-zones-3-things-know-mondays-missouri-city-city-council-meeting/ Read the full article at the {Source}
First Look: plans for major Hemisfair developmentFirst Look: plans for major Hemisfair developmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191752018-02-16T06:00:00Z2018-02-17T00:00:00Z

​​​Rendering of Hemisfair developmentSAN ANTONIO – Zachry Hospitality unveiled formal plans for its $200 million development called Hemisfair.

The plans include a 200-room hotel spanning 14 floors, a 150,000-sf Class A office tower, and a market.

All three projects have been designed as mixed-use developments that will incorporate public and retail space.

Overland Partners has been chosen to design the development, which also includes two levels of underground parking with 800 spaces connected to the hotel and eight-story office building.

The plan is to begin construction in late summer​ 2018 and have the projects completed by first or second quarter 2021.​​

San Antonio Business Journal
San Antonio-New Braunfels
Mixed-Use
https://www.bizjournals.com/sanantonio/news/2018/02/16/first-look-zachry-unveils-vision-for-hemisfair.html

​Check out San Antonio Market Research​.

Read the full article at the {Source}
258,000-SF Jones Crossing plus HEB to College Station258,000-SF Jones Crossing plus HEB to College Stationhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191132018-02-16T06:00:00Z2018-02-16T23:15:00Z

​​​​​​​​Layout of Jones Crossing​COLLEGE STATION – The new HEB center at the southeast corner of FM 2818 and Wellborn Rd is progressing quickly.

The $50 million project, named Jones Crossing, is expected to total 258,000 sf of commercial space.

Anchored by a $13.5 million, 106,000-sf HEB, the center will also feature retail space, multifamily units, and a select service hotel site.

The HEB is expected to open by mid-2018.​

Online news
College Station-Bryan
Mixed-Use
http://www.stratusproperties.com/properties/jones-crossingSource: {Source}
First 365 by Whole Foods in Austin properFirst 365 by Whole Foods in Austin properhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191422018-02-16T06:00:00Z2018-02-16T23:10:00Z

​​​365 by Whole FoodsAUSTIN – Whole Foods Market Inc. has announced another 365 store in the region—this one to Central East Austin.

The 30,000-sf store will sit at I-35 and E. 5th St and will reportedly open in second half of 2019.

The grocery store will be a part of the new Plaza Saltillo district currently being developed.

The ten-acre site surrounds one of Capital Metropolitan Transportation Authority's train stops.

Austin Business Journal
Austin-Round Rock
Retail
https://www.bizjournals.com/austin/news/2018/02/13/austin-to-get-its-first-365-by-whole-foods-store.htmlRead more at the {Source}
Provence to Austin (not France): 1,600 homes to Hamilton Pool Rd.Provence to Austin (not France): 1,600 homes to Hamilton Pool Rd.https://www.recenter.tamu.edu/news/newstalk-texas/?Item=191172018-02-16T06:00:00Z2018-02-16T23:00:00Z

​​​Rendering of proposed entranceAUSTIN – Provence, a future housing development located at 16314 Hamilton Pool Rd., broke ground on the first phase of the project after four years of planning.

While the entire project has planned for 1,600 residential lots, the first phase will include roughly 670 homes.

The first phase’s amenity center—which will include a pool, picnic area, outdoor fireplace, barbecue area and a community garden—is scheduled to be built by fall 2018.

The developer plans to begin marketing properties this fall and could sell the first lots as early as January 2019.

Community Impact Newspaper
Austin-Round Rock
Housing
https://communityimpact.com/austin/lake-travis-westlake/city-county/2018/02/12/masonwood-breaks-ground-provence-housing-development-hamilton-pool-road-area-grows/Read more at the {Source}
SpaceX view from South Padre's new amphitheaterSpaceX view from South Padre's new amphitheaterhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191012018-02-16T06:00:00Z2018-02-16T23:00:00Z

​​A rendering of an entrance to Isla Blanca Park.​SOUTH PADRE ISLAND – Cameron County Parks and Recreation officially broke ground on the Isla Blanca Park Amphitheater and Multipurpose Building in the Dolphin Cove area of the park.

The $6.2 million project includes an amphitheater that will seat 4,000 and a 6,800-sf multipurpose building. 

Crews working at the construction site are expected to be finished by late summer 2018.

The multipurpose building will be equipped with audio and video equipment, and will be able to seat up to 250 people.

​In addition, the amphitheater will provide an ideal view to watch SpaceX rocket launches that take place on Boca Chica Beach.

During the forthcoming phases of construction at Isla Blanca Park, the county will spend $17 million in gulf-side improvements and $13 million in RV site improvements.
Brownsville Herald
Brownsville-Harlingen
Public Facilities
http://www.brownsvilleherald.com/premium/cameron-county-breaks-ground-on-amphitheater-multipurpose-building/article_15f7b570-0c81-11e8-94ce-23ac2275c4dd.html

​See previous story South Padre park adding $6.5 million project​.

Read more at the {Source}
Leases looking up in North HoustonLeases looking up in North Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=190122018-02-16T06:00:00Z2018-02-16T22:50:00Z

Transwestern announced several leases in 2017: Hunting Energy Services, 62,137 square feet at 16825 Northchase DriveHOUSTON – There are multiple leases to take note of in the North Houston submarket.

Transwestern announced several leases in 2017:

  • Air Products and Chemicals, 16,748 sf at 16945 Northchase
  • Hunting Energy Services, 62,137 sf at 16825 Northchase Dr.
  • Our Lady of the Lake, 20,000 sf at 600 N. Sam Houston Pkwy.
  • Vinmar, 37,671 sf at 16825 Northchase Dr.

MDHC has leased 49,834 sf of industrial space at 6001B West By Northwest.

Erne Fittings has leased 45,025 sf at 9725 Kirkton. 

Houston Chronicle
Houston-The Woodlands-Sugar Land
Mixed-Use
https://www.houstonchronicle.com/business/real-estate/article/Houston-news-12543577.phpSee the full report at the {Source}
507-Unit Woodway Square sold507-Unit Woodway Square soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=190632018-02-16T06:00:00Z2018-02-16T22:45:00Z

Cardone Capital, a multifamily investment firm, has acquired Woodway Square, a 507-unit apartment complex in Houston. HOUSTON – Woodway Square, a 507-unit apartment complex in Houston, has been purchased by Cardone Capital.

Built in 1992, the property sits on 15 acres with a two-acre park, 60 yards from Whole Foods and surrounded by million dollar homes.​

Cardone Capital, a Miami-based multifamily investment firm, purchased the property.​

PRWeb
Houston-The Woodlands-Sugar Land
Multifamily
https://www.pehub.com/2018/02/cardone-capital-acquires-houston-apartment-complex/# Read the full article at {Source}
Infomart selling for whooping $800MInfomart selling for whooping $800Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191552018-02-16T06:00:00Z2018-02-16T22:35:00Z

​​Image of the Infomart building​DALLAS – North Texas’ landmark Infomart building, located at 1950 N Stemmons Fwy., is se​lling for $800 million—one of the highest prices ever paid for piece of DFW real estate. 

It is currently under contract.

ASB Real Estate Investments said it's selling the 1.6 million-sf property to Equinix Inc. 

Built in the mid-1980s by developer Trammell Crow as a wholesale marketplace for the tech industry, the Infomart in the last ten years has transitioned into a structure to house data centers.

The sale is scheduled to close during second quarter 2018.​​

Dallas Morning News
Dallas-Fort Worth-Arlington
Office
https://www.dallasnews.com/business/real-estate/2018/02/14/dallas-infomart-selling-witheye-popping-800-million-price-tag

​Check out ​connectmedia's latest story on this.

Check out DFW Office Market Research for 4Q 2017 data.

Read the full article at the {Source}
Houston to open first phase of $450M transformationHouston to open first phase of $450M transformationhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=190912018-02-16T06:00:00Z2018-02-16T22:00:00Z



HOUSTON – The Museum of Fine Arts Houston will inaugurate two new components of the Susan and Fayez S. Sarofim Campus project on May 20, 2018: 

  • Glassell School of Art: an 85,000-sf school house, features three dozen studios, public gallery spaces, and a 75-seat auditorium.
  • Brown Foundation Inc. Plaza includes a reflecting pool and a shaded seating area.

The entire 14-acre transformation will also include:

  • The Nancy and Rich Kinder Building: a 165,000-sf building containing a 54,000-sf gallery space, 200-seat theater, restaurant, and an underground parking garage.
  • The Sarah Campbell Blaffer Center for Conservation.

The overall transformation includes 500,000 sf in new construction. 

Entire campus completion is expected early 2020.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Public Facilities
https://www.bizjournals.com/houston/news/2018/02/09/museum-of-fine-arts-houston-to-open-first-phase-of.htmlRead the full article at the {Source}
NAI sells 75K-SF office building NAI sells 75K-SF office building https://www.recenter.tamu.edu/news/newstalk-texas/?Item=191272018-02-16T06:00:00Z2018-02-16T22:00:00Z
The NAI Investment Fund has sold a 75,166-sf, Class B office building located at 12600 N. Featherwood Dr. in southeast Houston.HOUSTON – The NAI Investment Fund has sold a 75,166-sf, Class B office building located at 12600 N. Featherwood Dr. in southeast Houston. 

The property was the first asset purchased by NAI Investment Fund I, which was launched in 2015. 

NAI worked with HFF to close the sale. ​
REBUSINESS
Houston-The Woodlands-Sugar Land
Office
https://rebusinessonline.com/nai-investment-fund-sells-75166-sf-office-property-in-southeast-houston/ Read the full article at {Source}
Matrix Metals' HQ to StaffordMatrix Metals' HQ to Staffordhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=190902018-02-16T06:00:00Z2018-02-16T21:55:00Z

​​​Matrix Metals LLC has relocated headquarters from Richmond to Stafford Grove Industrial Park.STAFFORD – Matrix Metals LLC has relocated headquarters from Richmond to Stafford Grove Industrial Park. 

The new 37,000-sf facility is composed of 4,000 sf of office space and 33,000 sf of warehouse. 

The headquarters is located at 10643 West Airport Blvd., Suite 100. 

Stafford Grove Industrial Park has over 350,000 sf of distribution space among three buildings, and is about 85 percent leased. 

Houston Business Journal
Houston-The Woodlands-Sugar Land
Industrial
https://www.bizjournals.com/houston/news/2018/02/08/steel-manufacturing-co-relocates-hq-from-richmond.html Read the full article at the {Source}
Northwest Houston 93K-SF flex property soldNorthwest Houston 93K-SF flex property soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=190852018-02-16T06:00:00Z2018-02-16T21:10:00Z

– JLL has brokered the sale of a 93,000-sf flex property. The two-story, Class B building is fully leased to LabCorp, a health care diagnostics firm. HOUSTON – JLL has brokered the sale of a 93,000-sf flex property at 7207 Gessner Rd.

The two-story, Class B building is fully leased to LabCorp, a health care diagnostics firm. 

GBP Industrial purchased the building from Goldrich & Kest Industries LLC. 

REBUSINESS
Houston-The Woodlands-Sugar Land
Industrial
http://rebusinessonline.com/jll-brokers-sale-of-93000-sf-flex-property-in-northwest-houston/ Read the full article at {Source}
Zachry planning hotel, office development at HemisfairZachry planning hotel, office development at Hemisfairhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191732018-02-16T06:00:00Z2018-02-16T17:00:00Z

​​​​SAN ANTONIO – Zachry Hospitality has unveiled formal plans for a new hotel and office tower in ​Hemisfair.

The plans call for a 14-story, 200-room hotel on the western edge of the Hemisfair development. Zachry also will build an​ eight-story, 150,000-sf, Class A office tower, which will complement the hotel. 

A two-level, 800-space underground parking garage will be connected to the hotel and office building. The projects, along with a planned market, have been designed to frame the new green space at the development. 

​The city's historic and design review commission still must weigh in on the proposed design. 

Locally based Overland Partners designed the multistructure development. 

Construction will start in late summer, and delivery is set for first or second quarter 2021. 

San Antonio Business Journal
San Antonio-New Braunfels
Mixed-Use
https://www.bizjournals.com/sanantonio/news/2018/02/16/first-look-zachry-unveils-vision-for-hemisfair.htmlRead more at {Source}
California investor buys Quail HollowCalifornia investor buys Quail Hollowhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191742018-02-16T06:00:00Z2018-02-16T17:00:00Z

​​​​​DALLAS – ​A California-based investor has purchased Quail Hollow, a 120-unit apartment property at 9666 Scyene Rd. ​

The 11-building complex was built in 1983. 

Marcus & Millichap marketed the property on behalf of the seller. 

Marcus & Millichap Real Estate Investment Services
Dallas-Fort Worth-Arlington
Multifamily
Read more at {Source}
Houston housing market has strongest January on recordHouston housing market has strongest January on recordhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191762018-02-16T06:00:00Z2018-02-16T17:00:00Z

​​​HOUSTON – The new year started off on the right foot as local Realtors had the strongest January ever.

The Houston Association of Realtors (HAR) reported 4,469 single-family home sales in January, up 8.9 percent from the 4,104 sales in January of last year.

Housing inventory was unchanged from the 3.3-months supply a year earlier. Housing inventory across the U.S. currently stands at a 3.2-months' supply, according to the latest report from the National Association of Realtors.

The inventory of homes for sale is low by historical standards, and that represents a seller’s market. A six-months' supply is considered a balanced market by the Real Estate Center.

The single-family home median price rose 3.8 percent to $218,000 — the highest ever for​ January. The average price declined 2.1 percent to $270,303.

The HAR sales report indicated a decrease in upper-end sales.​​​

Realty News Report
Houston-The Woodlands-Sugar Land
Housing
http://realtynewsreport.com/2018/02/15/houston-homes-sales-surge-in-the-new-year-strongest-january-ever/Read more at {Source}
Austin-Round Rock home sales up 3.6 percentAustin-Round Rock home sales up 3.6 percenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191772018-02-16T06:00:00Z2018-02-16T17:00:00Z

​​​AUSTIN – ​​The Austin Board of Realtors' January 2018 Central Texas Housing Market report shows steady increases in single-family home sales despite limited inventory, signaling a strong housing market for 2018.

In the Austin-Round Rock MSA, the median price of single-family homes increased by 3.6 percent year-over-year in January 2018 to $290,000. Home sales increased by 8.5 percent to 1,655 sales, citing continual demand. 

​​Housing inventory of single-family homes stayed at 1.9 months of inventory, the same as last January. These inventory levels remain well below the 6.0-6.5 months of inventory that the Real Estate Center projects for a balanced housing market.

“In 2018, Central Texas’ housing market will continue to see an increase in both sales and price, despite inventory levels remaining low,” said Center Chief Economist Dr. Jim Gaines. “The housing demand and lack of inventory is so great, that if supply does not increase we could see upward of 5​ percent growth in median home prices within the Austin-Round Rock MSA. Inventory will be a determining factor in the direction of this year’s market.”​​

Austin Board of Realtors
Austin-Round Rock
Housing
http://www.abor.com/statsjan18/Read more at {Source}
Austin fourth worst city for first-time homebuyers Austin fourth worst city for first-time homebuyers https://www.recenter.tamu.edu/news/newstalk-texas/?Item=191702018-02-16T06:00:00Z2018-02-16T16:00:00Z

​​​CHARLOTTE, N.C. – LendingTree has ranked the best and worst cities for first-time homebuyers, and five Texas cities ranked in the bottom half. 

Austin ranked 97th, making it the fourth worst city on the list and the worst in Texas.

Dallas and Houston also had low markets, landing 77th and 78th, respectively. ​San Antonio ranked 71st, and El Paso was 51st. 

McAllen fared better than the rest of the state, ranking 19th. 

Little Rock, Ark. was deemed the best city for first-time homebuyers. Denver was the worst. 

To compile the list, LendingTree looked at the average down payment amount and percentage; the share of buyers using an FHA mortgage; the percentage of buyers with sub-prime credit (below 680); the share of homes sold that the median income family can afford; and the average FHA down payment as a percentage of average down payment for all loans. 

LendingTree
U.S.
Housing
https://www.lendingtree.com/home/mortgage/best-cities-for-first-time-homebuyers/Read more at {Source}
$2.9 million awarded to Hidalgo County for 2015 floods$2.9 million awarded to Hidalgo County for 2015 floodshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191712018-02-16T06:00:00Z2018-02-16T16:00:00Z

​AUSTIN – Hidalgo County will receive $2.9 million in Community Development Block Grant for Disaster Recovery (CDBG-DR) funds to help minimize future flooding events.

​​The award, the first allocation of disaster recovery funds for the 2015 flooding events, will be used to construct new storm collection facilities and improve drainage in Hidalgo County's hardest-hit areas.

"Communities in Texas faced tremendous losses from flood disasters in 2015 and 2016," said Texas Land Commissioner George P. Bush. "The counties impacted represent 76 percent of the Texas population, or 20.9 million people — a total population greater than that of 48 states. In Hidalgo County, these funds will be used for vital flooding mitigation projects to help reduce future damage in future disaster events."

The U.S. Department of Housing and Urban Development (HUD) awarded Texas $74.5 million in disaster recovery funds to administer for 2015. Due to the severity of the 2015 flooding events, Hidalgo County was a HUD-designated "most-impacted" county, along with Harris, Hays, and Travis Counties.

Texas General Land Office
McAllen-Edinburg-Mission
Infrastructure & Transportation
http://www.glo.texas.gov/the-glo/news/press-releases/2018/february/commissioner-george-p-bush-statement-on-disaster-relief-bill-passage.htmlRead more at {Source}
Townhome, adult community coming to North DallasTownhome, adult community coming to North Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191692018-02-16T06:00:00Z2018-02-16T15:00:00Z

​​​DALLAS – Greystar​ is developing Elan Inwood, a 180-unit luxury townhome community, and Forestwood Active Adult, a 197-unit, age-restricted active adult community.

The two properties will sit on 22.7 acres at the northwest corner of Inwood Rd. and Forest Lane.

Elan Inwood will include 168 townhomes and 12 detached, s​​ingle-family homes. ​​Forestwood will include a 12,000-sf indoor amenity center.

Both properties ​are set to deliver in late 2019.

​HFF secured funding for Greystar through the real estate finance unit at CIT Group Inc. 

Holliday Fenoglio Fowler
Dallas-Fort Worth-Arlington
Multifamily
Read more at {Source}

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