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A&C Plastics breaks ground on 112K-sf expansion project A&C Plastics breaks ground on 112K-sf expansion project https://www.recenter.tamu.edu/news/newstalk-texas/?Item=237462020-01-22T06:00:00Z2020-01-25T01:00:00Z

rendering of the expansion project.HOUSTON – Work is starting on A&C Plastics Inc.'s 112,000-sf expansion project at 6135 Northdale St.

The project will include a new 77,000-sf warehouse and 35,000 sf of office space with a two-story lobby entrance.

The expansion will help accommodate the company’s corporate headquarters and warehouse growth.

When complete​ in first quarter 2021, A&C Plastic's ten-acre campus will total 275,000 sf. 

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

​Source: Houston Business Journal​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Industrial
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High Street Logistics tags 353K-sf Beltway North Commerce Center High Street Logistics tags 353K-sf Beltway North Commerce Center https://www.recenter.tamu.edu/news/newstalk-texas/?Item=237472020-01-22T06:00:00Z2020-01-25T01:00:00Z

​​​Image of the distribution center on a clear sunny day.HOUSTON – High Street Logistics Properties has purchased the 352,680-sf, Class A Beltway North Commerce Center at 971 N.​ Sam Houston Pkwy. E. 

Completed in 2015, the asset has 32-ft clear heights, 110 dock-high doors via a cross-dock configuration, 68 trailer spaces, LED lighting, and LEED certification. 

The 23.45-acre property is fully occupied by Air General, a national cargo handling company, and DB Schenker, a worldwide logistics company. 

JLL marketed the property on behalf of the seller, Nuveen Real Estate. 

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

​Source: JLL​

JLL
Houston-The Woodlands-Sugar Land
Industrial
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Pipeline Packaging opens 93K-sf facility at Conroe Park North Pipeline Packaging opens 93K-sf facility at Conroe Park North https://www.recenter.tamu.edu/news/newstalk-texas/?Item=237442020-01-22T06:00:00Z2020-01-25T00:00:00Z

​​Image of the new facility at Conroe Park North Industrial Park.CONROE​ – Ohio-based Pipeline Packaging has opened its new facility at 3375 Pollok Dr. in Conroe Park North Industrial Park. 

The asset includes 90,000 sf of warehouse space and 3,000 sf of office space. 

​Locally based KDW built the project.

The company has​ ten acres nearby for a 200,000-sf lay down yard to store materials, equipment, and vehicles.

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

​Source: Houston Business Journal​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Industrial
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Macfarlan Capital Partners purchases 170K-sf Fort Worth HQMacfarlan Capital Partners purchases 170K-sf Fort Worth HQhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237482020-01-22T06:00:00Z2020-01-24T23:00:00Z

​​​Front of the Galderma HQ buildingFORT WORTH – Macfarlan Capital Partners LP has acquired a 170,000 sf, three-building office and industrial campus at 14501 North Fwy.

Situated on 4.6 acres, the campus is fully leased to Galderma Laboratories.

The two-story, built-to-suit office asset ​houses 100 employees and serves as the company's administrative office, conference space, and in-house training facility.

JLL secured a loan on behalf of the buyer through Veritex Community Bank.

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

Source: Globe St.​​
GlobeSt.com
Dallas-Fort Worth-Arlington
Office
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Red Raiders getting vet school in AmarilloRed Raiders getting vet school in Amarillohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237492020-01-22T06:00:00Z2020-01-24T20:00:00Z

​​​​​​​​Rendering of the Texas Tech School of Veterinary Medicine AMARILLO – The Texas Tech University System Board of Regents has approved $90 million for the Texas Tech School of Veterinary Medicine.

The 185,000-sf, two-story vet school building will accommodate 400 students and include break-out rooms and office suites.

Construction will be complete in fall ​​2021.

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

​Source: News Channel 10​

News Channel 10
Amarillo
Education
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1,250-home community heads to Marble Falls1,250-home community heads to Marble Fallshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237512020-01-22T06:00:00Z2020-01-24T20:00:00Z

Rendering of Gregg Ranch in Marble FallsMARBLE FALLS – Harvard Investments is developing Gregg Ranch, a 240-acre, master-planned community in Burnet County near the intersection of SH 281 and SH 71.

The development will have 700 single-family homes and 550 multifamily units. 

The project's central community area will have an outdoor pool, covered porch, barbeque area, dog park, games such as bocce ball and horseshoes, and jogging and biking trails.

Pulte Homes is the community's first builder. It will begin pre-sales on the first 100 homes this year.

texaslogo.pngThe Real Estate Center has more information on housing:​
Austin Business Journal
NonMSA Texas
Housing
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410K-sf vacant Schertz distribution center picked up410K-sf vacant Schertz distribution center picked uphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237452020-01-22T06:00:00Z2020-01-24T17:00:00Z

​​​​​​​Distribution center at 1150 Schwab Rd.SCHERTZ – HPI Real Estate Services & Investments has purchased a vacant 409,685-sf distribution center at 1150 Schwab Rd. along the I-35 corridor.

According to LoopNet Inc., the site was developed in 2008. It includes 78,500 sf of office space and land for future expansion.

NAI Partners represented the seller. 

Texas logoThe Real Estate Center has more on San Antonio's industrial market:

​​Source: REBusiness Online​

REBUSINESS
San Antonio-New Braunfels
Industrial
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Texas economy adds 29,800 jobs in DecemberTexas economy adds 29,800 jobs in Decemberhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237652020-01-24T06:00:00Z2020-01-24T16:00:00Z

​​AUSTIN – Texas' unemployment rate inched up a tenth of a percentage point over the month to 3.5 percent in December, breaking a five-month streak of record-low unemployment, according to the Texas Workforce Commission. 

Texas employers added 29,800 jobs in December and 342,800 jobs over 2019, an annual employment growth rate of 2.7 percent last month. It has held above 2 percent since February 2018.

The Texas metro with the lowest non-seasonally adjusted unemployment rate was Midland at 2.1 percent. McAllen-Edinburg-Mission had the highest at 7 percent.

The construction industry had the most seasonally adjusted growth in employment from December 2018 to December 2019, growing 7.​​​​​​​​​​4 percent. The mining and logging and information industries were the only two sectors to see a drop in employment, falling 3.8 and 1.2 percent, respectively.

Texas logoIf you're looking for more news like this, head to the Center's website.

Texas Workforce Commission
Texas
Employment
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Texas second most popular state in 2018 for relocatingTexas second most popular state in 2018 for relocatinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237662020-01-24T06:00:00Z2020-01-24T16:00:00Z

​​​​AUSTIN – Texas ranked second in the nation for relocation activity in 2018, according to Texas Realtor's 2020 Texas Relocation Report.

"For the sixth year in a row, more than half a million people chose Texas as their new home," said 2020 Texas Realtors Chairman Cindi Bulla. She cited the state's business-friendly environment and diverse culture as primary drivers.

According to the report, which analyzes the latest migration data from the U.S. Census Bureau and U-Haul, Texas welcomed 563,945 new residents in 2018. 

The net gain of out-of-state residents increased 78.1 percent from 57,173 in 2017 to 101,805 residents in 2018.

Among U.S. states, the highest number of new Texans came from California (86,164), Florida (37,262), and Louisiana (29,108). The number of people who relocated from California to Texas increased by 36.4 percent compared with 2017. 

At the metro level, Los Angeles-Long Beach-Anaheim, New York-Newark-Jersey City, and Chicago-Naperville-Elgin produced the highest volume of residents relocating to Texas​.

Dallas-Fort Worth-Arlington had the highest number of incoming residents from out of state (200,966). At the county level, Harris County led the state with a net gain of 80,572 out-of-state residents.​

The Lone Star State also welcomed 201,559 new residents from outside the United States in 2018. 

Texas ranked third nationally for the number of residents moving out of state (462,140) in 2018. The most popular out-of-state relocation destination for Texans was California (37,810), followed by Oklahoma (31,551) and Colorado (26,930).​​

Texas logoIf you're looking for more news like this, head to the Center's website.

Texas REALTORS
Texas
Demographics & Population
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SwRI buys 260 acres near West Side campus SwRI buys 260 acres near West Side campus https://www.recenter.tamu.edu/news/newstalk-texas/?Item=237432020-01-21T06:00:00Z2020-01-23T23:00:00Z

SwRI logo SAN ANTONIO – Southwest Research Institute has bought 260 acres near its campus to develop more facilities.

The purchase includes 180 acres at 103 Callaghan Rd. and 80 acres ​south of US 151.

The acquisition brings the institute to 1,500 acres with 2.3 million sf of labs, test facilities, workshops, and offices on its property. Around 3,000 employees work there.

Texas logoThe Real Estate Center has more on San Antonio's industrial market:

San Antonio Business Journal
San Antonio-New Braunfels
Industrial
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Austin closes decade with record-breaking $13 billion in home salesAustin closes decade with record-breaking $13 billion in home saleshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237422020-01-21T06:00:00Z2020-01-23T22:00:00Z

​​​​AUSTIN – The metro closed out the decade with a record 33,084 homes sales in 2019 and $13 billion in sales volume, according to the Austin Board of Realtors (ABoR). ​

In December 2019, sales volume increased 9.2 percent to 2,608 sales, while inventory decreased by 0.5 months to 1.7 months of inventory. The Real Estate Center considers six to 6.5 months of inventory a balanced market.

December 2019 statistics for Austin-area housing

Growing demand pushed the median price of a single-family home to $323,000.

New listings increased 1.4 percent year over year to 39,309 listings. Active listings decreased 4.3 percent to 6,216 listings. and pending sales increased 10.5 percent to 33,976.

Although the local housing market is doing well, ABoR President Romeo ​Manzanilla warns, "If we don't take action to increase housing supply in Austin, we will continue to see exponential increases in home values."

texaslogo.pngThe Real Estate Center has more information on housing:​
Austin Board of Realtors
Austin-Round Rock
Housing
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87.5K-sf first phase of Pflugerville mixed-use underway87.5K-sf first phase of Pflugerville mixed-use underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237402020-01-21T06:00:00Z2020-01-23T21:00:00Z

Rendering of Old Gin Pforum, an 87.5K-sf development at 310 E. Pecan St. PFLUGERVILLE – The 87,500-sf first phase of the Old Gin Pforum mixed-use development is underway at 310 E. Pecan St.

The initial building will have retail and office space. The second phase will add a four-story mixed-use building and parking garage.

Construction will begin in summer 2020 and wrap up in 2021.

Texas logoGet more Austin-area news on the Real Estate Center's website:

​​Source: Connect Media​

Connect Media
Austin-Round Rock
Mixed-Use
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EPA releases new clean-water rulesEPA releases new clean-water ruleshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237612020-01-23T06:00:00Z2020-01-23T21:00:00Z

​​​WASHINGTON – The Environmental Protection Agency has released new federal clean-water regulations that are less restrictive than those adopted in 2015, eliminating many seasonal streams, small waterways, and wetlands from federal oversight.

The new rules will exclude most roadside and farm ditches, groundwater, farm and stock watering ponds, and water bodies that form only when it rains. 

Waters under federal oversight would be limited to four categories: the territorial seas and navigable waters including oceans and major rivers; perennial and intermittent tributaries; some lakes and ponds; and wetlands adjacent to federal waters.

The 2015 rule expanded the reach of the 1972 Clean Water Act, giving the federal government oversight of some ditches and shallow wetlands that, when swollen with rain, could carry pollution downstream. 

While supporters said the 2015 rule would improve drinking water for more than 100 million Americans, critics said protections extended to dry land and amounted to overreach on property-owner rights.

For more on water rules, check out "Treading Water" by Real Estate Center Research Economist Dr. Charles Gilliland. 

Texas logoThe Real Estate Center has a wealth of information online for free.

Wall Street Journal
U.S.
Land
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Oden Hughes sells 312-unit Lenox Stone Oak Oden Hughes sells 312-unit Lenox Stone Oak https://www.recenter.tamu.edu/news/newstalk-texas/?Item=237372020-01-21T06:00:00Z2020-01-23T20:00:00Z

Poolside view of Lenox Stone Oak at 1207 Agora Palms Dr. SAN ANTONIO – Austin-based Oden Hughes has sold Lenox Stone Oak, an apartment community at 1207 Agora Palms Dr.

Built in 2017, the property offers 312 one-, two-, and three-bedroom units. Rents range from $1,019 to $2,409 per month.

Amenities include a pool, fitness center, outdoor entertainment area, clubhouse, and dog park.

Newmark Knight Frank arranged the sale.​

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

​Source: REBusiness Online​​

REBUSINESS
San Antonio-New Braunfels
Multifamily
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Regent Aerospace signs 74K-sf industrial lease in DallasRegent Aerospace signs 74K-sf industrial lease in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237412020-01-21T06:00:00Z2020-01-23T19:00:00Z

​​​​​​Industrial building at 5200 E. Grand Ave.DALLAS – Regent Aerospace Corp. has signed a 73,580-sf industrial lease at 5200 E. Grand Ave.

According to LoopNet Inc., the property was built in 1952.

Holt Lunsford represented the landlord, Frontier Equity, in​ lease negotiations. 

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

REBUSINESS
Dallas-Fort Worth-Arlington
Industrial
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800K-sf warehouse planned for Hutchins800K-sf warehouse planned for Hutchinshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237382020-01-21T06:00:00Z2020-01-23T18:00:00Z

​​​​​​Rendering of the speculative warehouseHUTCHINS – USAA Real Estate and Seefried Industrial Properties are developing a distribution building at 1305 Cleveland Rd.

The 800,000-sf warehouse is the second of four buildings in the 45-acre Interchange 20/45 business park near the southeast corner of I-20 and I-45.

​CBRE is leasing the project, which is set to open later this year.

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

Source: Dallas Morning News​
Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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Nabors Drilling sells former 112K-sf campus Nabors Drilling sells former 112K-sf campus https://www.recenter.tamu.edu/news/newstalk-texas/?Item=237322020-01-21T06:00:00Z2020-01-23T00:00:00Z

​​​​​​​​​Aerial view of the property.HOUSTON – Rhone Brittmoore Logistics LP has purchased the former Nabors Drilling campus at 11330 Brittmoore Park Dr.

Situated on 7.9 acres, the property consists of 111,530 sf​ of industrial office and manufacturing space. 

NAI Partners will handle leasing. The team also represented the buyer in the transaction. 

Cushman & Wakefield represented the seller, Nabors Drilling Technologies USA​ Inc.

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

​Source: NAI Partners​

NAI Partners
Houston-The Woodlands-Sugar Land
Industrial
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New owner for 114K-sf York CentreNew owner for 114K-sf York Centrehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237292020-01-17T06:00:00Z2020-01-23T00:00:00Z

​​​​​Image of the entrance to the parking lot which is surrounded by trees.HOUSTON – Interra York Centre LLC has purchased York Centre, a 114,474-sf office building at 10235 W. Little York Rd.

Built in 1982, the Class B asset is on 5.3 acres.

Colliers International represented the seller. The buyer was self-represented. ​​​​

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

​Source: REBusiness Online​

REBUSINESS
Houston-The Woodlands-Sugar Land
Office
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38K-sf industrial property on Wynnwood sold38K-sf industrial property on Wynnwood soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237342020-01-21T06:00:00Z2020-01-22T23:30:00Z

​​​HOUSTON – A private investor has sold a 37,736-sf industrial building at 7200 Wynnwood Ln.

The 1.3-acre property was built in 1971 then renovated in 1979 and 1982.

Marcus & Millichap represented the seller.

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

​Source: REBusiness Online​

REBUSINESS
Houston-The Woodlands-Sugar Land
Industrial
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Redwood acquires 302K-sf Exterran campus Redwood acquires 302K-sf Exterran campus https://www.recenter.tamu.edu/news/newstalk-texas/?Item=237332020-01-21T06:00:00Z2020-01-22T23:00:00Z

​​​Aerial view of the property.HOUSTON – Redwood Property Investors III LLC has purchased the former Exterran Energy Solutions campus at 12001 N. Houston Rosslyn Rd.

The nearly 32-acre campus consists of 301,127 sf of industrial office and manufacturing buildings. ​

NAI Partners represented the buyer, while JLL represented the seller, Exterran Energy Solutions L.P.

NAI will market the property.

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

​Source: NAI Partners​

NAI Partners
Houston-The Woodlands-Sugar Land
Industrial
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