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Lantana Place locks in nine more tenantsLantana Place locks in nine more tenantshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215762018-12-07T06:00:00Z2018-12-12T01:00:00Z

​​​​​Aerial view of Lantana Place.AUSTIN – The next wave of tenants has been announced for the $80 million mixed-use development Lantana Place at Southwest Pkwy. and W. William Cannon Dr.

Tenants include Bella Spa, Cobalt Blue Salon, Carve American Grille, Enamel Dental, Lone Star Eye, Marigold Market, Realty Austin, Scissors & Scotch, and Westlake Dermatology.

These tenants will join MovieHouse & Eatery, which opened in May, and a boutique Marriott AC hotel, which is scheduled to begin construction in spring 2019.

At buildout, Lantana Place is expected to have 320,000 sf, including 60,000 sf of shops and restaurants.​

Stratus Properties Inc. is developing the property.​

Austin Business Journal
Austin-Round Rock
Retail
https://www.bizjournals.com/austin/news/2018/12/06/steak-more-shops-slated-for-southwest-austin.htmlRead more at {Source}
Where to next? Travelers say San AntonioWhere to next? Travelers say San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215792018-12-11T06:00:00Z2018-12-12T01:00:00Z

​​​​Visit San Antonio logo.SAN ANTONIO – The hospitality industry saw significant gains in economic impact, visitor and employment numbers from 2015 to 2017, according to the results of a study released recently at the Visit San Antonio Annual Meeting. However, latest Texas Workforce Commission (TWC) data compiled by the Real Estate Center show some cooling in that industry.

Research by Trinity University professors Dr. Richard V. Butler and Dr. Mary E. Stefl showed the economic impact of the hospitality industry in 2017 was $15.2 billion, an increase of $1.6 billion in two years.

The metro welcomed 37 million visitors in 2017, 7.3 million more than in 2015. Of the 37 million annual visitors, 30.4 million come for leisure travel. A total of 23.1 million were overnight visitors.​

The report showed that the hospitality industry employs 140,188 individuals, or one out of every seven employed in the area. That’s an increase of approximately 9,400 workers from 2015.​

Employment growth in the city's leisure and hospitality sector has shown recent signs of slowing, though. TWC data for October 2018 show the employment growth rate for that industry in San Antonio had a year-over-year drop of .88 percent.

Online news
San Antonio-New Braunfels
Economy
https://www.exhibitoronline.com/news/article.asp?ID=18803Read more at {Source}
DFW monthly home sales drop againDFW monthly home sales drop againhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215992018-12-11T06:00:00Z2018-12-12T01:00:00Z

​​DALLAS – November 2018 housing statistics have been released by the North Texas Real Estate Information Systems (NTREIS) through Clarus MarketMetrics.

NTREIS region city housing Statistics for November 2018.
Prudential Ada, Realtors
Dallas-Fort Worth-Arlington
Housing
http://sweethomeamarillo.housingtrendsenewsletter.com/ShowLocalMarkets.cfm?MYURL=57

​Check out​ DFW Housing Market Research​.

Source: {Source}
DFW home price growth slowingDFW home price growth slowinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215822018-12-11T06:00:00Z2018-12-12T00:45:00Z

​​DALLAS-FORT WORTH-ARLINGTON – Area home prices were up almost 5.7 percent in the latest nationwide comparison by CoreLogic.

October's year-over-year price gain in the Dallas area was slightly ahead of the 5.4 percent nationwide gain.

But prices in North Texas, which have moderated this year, aren't growing nearly as fast as in booming home markets including Las Vegas (up 12.6 percent from last year) and San Francisco (up 8.3 percent).

Sales and price increases in North Texas have slowed in 2018 after several years of increasing purchases.

Total North Texas home sales so far in 2018 are unchanged from this time in 2017. 

Median home sales prices in North Texas have risen by more than 40 percent in the last five years. 

CoreLogic estimates that home prices are now overvalued in more than a third of U.S. markets, including Dallas.​
Dallas Morning News
Dallas-Fort Worth-Arlington
Housing
https://www.dallasnews.com/business/real-estate/2018/12/04/dallas-area-home-prices-inch-higher-latest-nationwide-report

​S​ee also: Dallas-Fort Worth-Arlington Housing Market Research​.

Read more at the {Source}
Index: Some real estate markets seeing a bubbleIndex: Some real estate markets seeing a bubblehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215832018-12-11T06:00:00Z2018-12-12T00:30:00Z

​​​The Beracha, Hardin & Johnson Buy vs. Rent Index: Dallas Tx.BOCA RATON, Fla. – National residential real estate markets are peaking and some cities are in another pricing bubble, according to the latest national index​ produced by Florida Atlantic University and Florida International University faculty.

The Beracha, Hardin, & Johnson Buy vs. Rent (BH&J) Index estimates wealth creation by way of homeownership and equity appreciation versus renting and reinvesting in more traditional financial assets. 

The index also measures the pressure on the demand for homeownership. Scores approaching one indicate strong downward pressure on the demand for ownership.

Two metros, Dallas (.92) and Denver (.77), are rapidly approaching an index score of one. "Both Dallas and Denver are significantly overheated," said Ken Johnson, Ph.D., one of the index's creators. 

"Residential real estate prices in Dallas are significantly above their long-term pricing trend, and I anticipate pricing corrections in the near future."

Strong economies in Dallas and Denver have buoyed property prices beyond their fundamental levels for a sustained period.

"Prices are still appreciating in both metros but at a decreasing rate, suggesting that the current upward pattern in property appreciation is nearing an end," said Eli Beracha, Ph.D., co-creator of the index.

For home-price activity in major Texas markets, check out the Real Estate Center's Home Price Index​.​
PRNewswire
Dallas-Fort Worth-Arlington
Housing
https://www.prnewswire.com/news-releases/us-residential-real-estate-markets-are-peaking-and-some-cities-are-in-a-pricing-bubble-bhj-buy-vs-rent-index-shows-300759260.htmlSource: {Source}
Frisco hits a hole-in-oneFrisco hits a hole-in-onehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215942018-12-11T06:00:00Z2018-12-12T00:30:00Z

​​Master plan of the PGA frisco headquarters.​FRISCO – PGA of America is poised to move to North Texas and create what it calls the "Silicon Valley of golf."

Its new headquarters will house at least 100 workers and cost the PGA at least $30 million to build. 

The association will anchor a 600-acre mixed-use development at future extensions of Rockhill Pkwy. and Legacy Dr. near Frisco's northern border. It will cost more than $520 million to build using public and private funds.

Frisco officials estimate it will have an economic impact of more than $2.5 billion over the next 20 years.

In addition to the association's 100,000-sf headquarters and education facility, the project will include two 18-hole championship golf courses, a nine-hole short course, and practice areas for a total of 45 holes. 

It also will include an estimated 35,000-sf clubhouse, 500-room Omni resort, and 127,000-sf conference center.

The three courses alone account for 540 acres.

Minimum potential state and local tax incentives for the project total $163.8 million.
Dallas Morning News
Dallas-Fort Worth-Arlington
Mixed-Use
https://www.dallasnews.com/business/real-estate/2018/12/04/pga-america-announces-hq-move-frisco-520-million-dealRead more at the {Source}
Yippee-ki-yi-redevelopmentYippee-ki-yi-redevelopmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215802018-12-11T06:00:00Z2018-12-12T00:10:00Z

​​​A site plan of Iron Horse Village in Mesquite.MESQUITE – Centurion American Development Group is moving ahead with the $116.5 million, 56-acre Iron Horse Village development next door to the historic Mesquite Rodeo.

The company bought the 17-acre rodeo facility and more than 50 acres of adjoining land just west of LBJ Fwy. at Military Pkwy. earlier this year.

The mixed-use project will include:

  • more than 330 homes, townhouses, and single-family bungalows priced from $235,400 to $310,000;

  • about 130,000 sf of retail and commercial space; and 

  • $4 million in upgrades to the rodeo complex.

Mesquite's rodeo dates to the late 1940s but came into its own in the 1950s when it was championed by legendary bull rider Neal Gay.
Dallas Morning News
Dallas-Fort Worth-Arlington
Mixed-Use
https://www.dallasnews.com/business/real-estate/2018/12/07/mixed-use-project-joining-mesquites-landmark-rodeo-complexRead more at the {Source}
Historic to hotels along the RiverwalkHistoric to hotels along the Riverwalkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215782018-12-07T06:00:00Z2018-12-12T00:00:00Z

​​​​​Rendering of Veramendi-Clegg and Book buildings.SAN ANTONIO – The Historic and Design Review Commission (HDRC) has approved a project that will turn a cluster of historic buildings into space for hotel rooms and retail.

The Veramendi-Clegg Building and the Book Building, located at 130 and 134 Soledad St. and at 140 E. Houston St., will collectively be restored to accommodate 83 hotel rooms and 96,000 sf of ground-level retail space.​​

Rivard Report
San Antonio-New Braunfels
Hotel
https://therivardreport.com/hdrc-approves-plans-for-book-clegg-building-new-hotel-retail-space-in-works/Read more at {Source}
A look into DFW's Mid-Cities multifamily marketA look into DFW's Mid-Cities multifamily markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215772018-12-11T06:00:00Z2018-12-12T00:00:00Z

​​​​DFW – The multifamily sector in the Mid-Cities—the swath of suburbia that lies between Dallas and Fort Worth—are catching the eye of real estate investors. 

These cities have a combination of leasing dynamics and economic fundamentals coupled with strategic access to Dallas and Fort Worth that will make them an area of investor interest in 2019, according to CBRE Research. 

According to a market snapshot​ by ​Bisnow, here is what makes this submarket attractive: 

  1. A quarter of DFW's population is in the Mid-Cities. 

  2. Rent growth is on the rise for Mid-Cities submarkets, such as Arlington, North Richland Hills, Irving, Hurst, Euless​,​ and Bedford. ​Monthly rents have moved up from $1,045 in 2017 to $1,080 in 2018, a 3.29 percent increase—outpacing area inflation of 2.1 percent. 

  3. The submarket contains top school districts that will continue to attract multifamily demand. ​​Seven of the top 20 school districts in the region are within the Mid-Cities, making the area attractive for renters with young children. 

  4. The area is accessible to DFW International Airport and urban corporate employment centers​.​

BISNOW
Dallas-Fort Worth-Arlington
Multifamily
https://www.bisnow.com/dallas-ft-worth/news/multifamily/cre-snapshot-mid-cities-multifamily-95511

​See also: Dallas-Fort Worth-Arlington Multifamily Market Research​.

Read the full article at {Source}
It's built on sand but will produce 100K tons per weekIt's built on sand but will produce 100K tons per weekhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215812018-12-07T06:00:00Z2018-12-12T00:00:00Z

​​​​​​​​Aerial map of the Kermit and Monahans sand dunes.MONAHANS – Atlas Sand has opened a new sand plant to serve as a twin facility to the recently opened facility in Kermit.

The plant is expected to produce between 80,000 to 100,000 tons of fracking sand every week.

Atlas Sand managers said they are hiring in all departments and looking to partnering with locals to staff the plant.​

To learn more about Far West Texas industries, including sand-mining operations, read "Between Sand & Sky: Challenges in the Land of Ghost Towns and Boom Towns​."

CBS7
Odessa
Industrial
https://www.cbs7.com/content/news/Sand-plant-opens-in-Monahans-502031702.htmlSource: {Source}
East Texas home sales risingEast Texas home sales risinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215842018-12-11T06:00:00Z2018-12-12T00:00:00Z

Monthly home sales from October 2017 to October 2018 for the 10-county Longview MSA.LONGVIEW – Home sales in the ten-county regional market were nearly 43 percent higher in October than a year ago.

In addition, the average sale price rose 5.5 percent, according to data from the Longview Area Association of Realtors.

Real estate agents sold 281 homes with an average price tag of $174,436 in October, up from 197 homes with an average price of $165,334 a year earlier.

Homes stayed on the market an average of 98 days, down 15.5 percent from 116 days in October 2017.

The association’s data is from the local Multiple Listing Service, which represents about 85 percent of total sales in the market. It does not capture sales by owners or some sales of new construction.
Longview News-Journal
Longview
Housing
https://www.news-journal.com/news/business/local/realtors-association-home-sales-up-about-percent-from-a-year/article_e1b84718-f814-11e8-a6a6-eb24b496e2ca.html

​See also​: Monthly Longview Housing Reports from the Real Estate Center at Texas A&M University.

Read more at the {Source}
The Logistics (Property Co.) behind 97-acre centerThe Logistics (Property Co.) behind 97-acre centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215742018-12-07T06:00:00Z2018-12-11T01:00:00Z

​​Rendering of a building in CityPark Logistics Center.​MISSOURI CITY – Logistics Property Co. will develop the CityPark Logistics Center near the northwest corner of Beltway 8 and US 90.

The 97-acre project will have seven buildings totaling 1.7 million sf.

Phase I will break ground in first quarter 2019. It will consist of a 77,000-sf building with a rear load dock and two 180,000-sf cross-docked buildings.

The buildings are projected to open in late 2019. Phases II and III will offer larger buildings along with build-to-suit opportunities.​

mysanantonio.com
Houston-The Woodlands-Sugar Land
Industrial
https://m.mysanantonio.com/business/real-estate/article/Chicago-developer-enters-Houston-with-1-7-million-13440542.phpSource: {Source}
All the way with LBJ Class B office buildingAll the way with LBJ Class B office buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215702018-12-10T06:00:00Z2018-12-11T00:20:00Z

​​​​​A picture of the property in Dallas.​DALLAS – A 52,394-sf, Class B office building at 6200 LBJ Fwy. has been sold.

The two-story office space was 80 percent occupied at the time of sale. It is south of the new Midtown mixed-use development, and north of Preston Hollow. 

Marcus & Millichap handled the deal. 
Email
Dallas-Fort Worth-Arlington
Office

​See also: Dallas-Fort Worth-Arlington Office Market Research​.

Source: {Source}
Expand to Texas? It's only logisticalExpand to Texas? It's only logisticalhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215712018-12-10T06:00:00Z2018-12-11T00:20:00Z

​​A rendering of the industrial property leased by Smart Warehousing, which is based in Kansas City.FORT WORTH – Smart Warehousing, a Kansas City-based third party logistics firm, is setting up shop in a 269,494-sf industrial facility at AllianceTexas.

The company will occupy Alliance Center North 15, a distribution center at 3300 Eagle Pkwy. 

​AllianceTexas, a 26,000-acre master-planned development surrounding the Fort Worth Alliance Airport, is home to 488 companies.

The development also includes more than 2.6 million sf of retail, restaurant, medical, entertainment, and residential space.
Dallas Business Journal
Dallas-Fort Worth-Arlington
Industrial
https://www.bizjournals.com/dallas/news/2018/12/04/smart-warehousing-alliance-fort-worth.html

​See also: Dallas-Fort Worth-Arlington Industrial Market News​.

Read more at the {Source}
Another Uptown development tract changes handsAnother Uptown development tract changes handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215692018-12-10T06:00:00Z2018-12-11T00:10:00Z

​​​​​​​​DALLAS – Endeavor Real Estate Group has quietly purchased a half-block​ development site on McKinney Ave. in Uptown.

The site at Boll St. and McKinney is occupied by several small buildings.

The land is in the middle of a neighborhood that is seeing more high-rise construction.

Endeavor is Austin's largest full-service commercial real estate firm. 

Dallas Morning News
Dallas-Fort Worth-Arlington
Land
https://www.dallasnews.com/business/real-estate/2018/12/05/top-austin-developer-endeavor-real-estate-eyes-uptown-dallas-project

​See also: Uptown acre sells for $375 per sf  (Dallas Morning News)  ADD LINK

Read more at the {Source}
704-unit self-storage set for NE San Antonio704-unit self-storage set for NE San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215752018-12-07T06:00:00Z2018-12-11T00:00:00Z

​​​​SAN ANTONIO – Regal Self Storage Development has acquired land at 12615 Judson Rd. near I-35 for the construction of a Class A facility.

Phase I of the site plan proposed by the seller would deliver 704 units totaling 82,100 net rentable sf.

Phase II would expand the site by 10,800 gross sf.

A construction timeline has not yet been established.​

REBUSINESS
San Antonio-New Braunfels
Retail
https://rebusinessonline.com/regal-self-storage-development-to-build-new-facility-in-san-antonio/Source: {Source}
SAHA to add affordable apartments downtownSAHA to add affordable apartments downtownhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215672018-12-05T06:00:00Z2018-12-11T00:00:00Z

​​​​​Rendering of 100 Labor St.​SAN ANTONIO – The San Antonio Housing Authority ​is partnering with private developer Franklin Development to build a 215-unit apartment complex at 100 Labor St. in the Lavaca neighborhood.

Twenty percent of the units will be reserved for affordable housing at far below market rate.

Groundbreaking on the $45 million complex is slated for late 2019, with expected delivery in early 2020.​​

Rivard Report
San Antonio-New Braunfels
Multifamily
https://therivardreport.com/sa-housing-authority-plans-215-unit-apartment-complex-in-lavaca-neighborhood/Read more at the {Source}
Industrial developer plans ahead with Dallas permitsIndustrial developer plans ahead with Dallas permitshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215682018-12-10T06:00:00Z2018-12-11T00:00:00Z

​​​​​A rendering of Liberty Park Mountain Creek Industrial Park in Dallas.DALLAS – Liberty P​roperty Trust​ has filed building permits for two new warehouses totaling over 1.28 million sf in the Mountain Creek development on I-20.

One building will be 797,077 sf and the other 48​3,676 sf.​

The project will cost over $36 million.​

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
https://www.dallasnews.com/business/real-estate/2018/12/05/developer-preps-new-southwest-dallas-industrial-complex

​Check out Dallas-Fort Worth-Arlington Industrial Market ​Research.

Read more at the {Source}
$15B factory up and running$15B factory up and runninghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215602018-12-07T06:00:00Z2018-12-08T01:00:00Z

​​​​​​Image of the plant.GREGORY – A $15 billion natural gas liquefaction factory went online mid-November 2018 after years of construction.

The Cheniere Energy plant is ​on the northeast side of Corpus Christi Bay on the La Quinta Channel in San Patricio County.

Long-range plans include construction of three “trains,” or liquefaction facilities, which turn natural gas into a liquid that can be more easily and cheaply transported long distances.

Each train will be able to produce 4.5 million tons of product a year. The first train is now online, and the second is expected to be finished in early 2019. 

Construction of the third train, which will take four years, should begin shortly after the completion of the second.​
Corpus Christi Business News
Corpus Christi
Industrial
https://www.ccbiznews.com/news/15-billion-lng-plant-celebrates-first-shipment

S​ee also: Corpus Christi Industrial Market News

Read more at the {Source}
Organ-sharing organization getting $10M HQOrgan-sharing organization getting $10M HQhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215632018-12-05T06:00:00Z2018-12-08T01:00:00Z

​​​​Rendering of Texas Organ Sharing Alliance building.​SAN ANTONIO – The Texas Organ Sharing Alliance broke ground on a new headquarters in the South Texas Medical Center at the corner of Hamilton Wolfe Rd and Cinnamon Hill Dr.

The $10 million, 27,500-sf headquarters will span two stories and feature a donor memorial garden and a 6,000-sf event and educational center.

Once the building is completed in early 2020, the nonprofit will move out of the current leased space on Datapoint Dr.​​

San Antonio Business Journal
San Antonio-New Braunfels
Medical
https://www.bizjournals.com/sanantonio/news/2018/12/05/medical-center-to-get-new-organ-sharing-hq.htmlRead more at {Source}

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