End in sight for Tarrant County I-35 reconstructionEnd in sight for Tarrant County I-35 reconstructionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206602018-07-20T05:00:00Z2018-07-21T00:00:00Z

​​​The 13-mile North Tarrant Express will open Thursday, July 19.NORTH TARRANT COUNTY – Officials announced “substantial completion” of the $1.6 billion I-35W reconstruction project—a stretch named one of the state's most congested highways​ by the Texas Department of Transportation.

The ten-mile North Tarrant Express Project runs from the I-30 interchange with I-35W near downtown Fort Worth to North Tarrant Parkway at the US 287 interchange.

The project added frontage roads, bypass lanes, and two managed TEXpress toll lanes in each direction.

The newly designed corridor connects to the North Tarrant Express project along I-820 (North Loop) and SH 121/183 (Airport Freeway) adding an additional 13-miles to the TEXpress Lanes in Northeast Tarrant County.

A final reconstruction phase is designed to provide congestion relief throughout the corridor, with added capacity from auxillary and bypass lanes, longer weaving distances and expanded frontage roads.

About 135,000 vehicles travel that section of I-35W every day, according to TxDOT.
Dallas Business Journal
Dallas-Fort Worth-Arlington
Infrastructure & Transportation
https://www.bizjournals.com/dallas/news/2018/07/18/1-6-billion-interstate-35w-construction-wraps-up.htmlRead more at the {Source}
Hays County draws residents from around TexasHays County draws residents from around Texashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206632018-07-20T05:00:00Z2018-07-20T23:45:00Z

​​​A combination of the  two graphics in the Community Impact source article: Hays County enjoyed a net migration of 5,309 Texas residents moving to the area in 2016, according to data from the Internal Revenue Service. Texans relocating from the state’s large metropolitan centers represented a large portion of those in-state migration numbers. (Sources: Internal Revenue Service, U.S. Department of Labor, U.S. Census Bureau/Community Impact Newspaper Designed by: Miranda Baker/Community Impact Newspaper).  In 2016, Hays County experienced net growth of 5,309 residents. A breakdown of the changes shows most come from elsewhere in Texas, and stay in Texas when they leave.

Community Impact Newspaper
Austin-Round Rock
Demographics & Population
https://communityimpact.com/austin/san-marcos-buda-kyle/housing-real-estate/2018/07/15/net-gain-for-hays-county-shows-majority-of-growth-is-from-the-lone-star-state/Read more at {Source}
Nokia heads to IrvingNokia heads to Irvinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206622018-07-20T05:00:00Z2018-07-20T23:30:00Z

​​​​Rendering of the one of the buildings leased by Nokia.​IRVING – Nokia signed a lease for 350,000 sf in The Sound at Cypress Waters to consolidate DFW operations and relocate its North American headquarters.

Nokia will occupy two buildings in the new lakefront mixed-use development located along the 362-acre North Lake.

Specifically, the company will occupy 100,000 sf at 3100 Olympus Blvd., and 250,000 sf at 3201 Olympus Blvd.

Nokia’s target date for completion of the consolidation is early third quarter 2019.

At completion, Cypress Waters’ 1,000 acres will become a high-density community of up to 8.5 million sf of office space, 450,000 sf of retail space, more than 10,000 residences, and three schools.
Dallas-Fort Worth-Arlington

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

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Silicon Valley strikes deal in Bayou City Silicon Valley strikes deal in Bayou City https://www.recenter.tamu.edu/news/newstalk-texas/?Item=206272018-07-20T05:00:00Z2018-07-20T23:15:00Z

​​​​Aerial view of Wilson Investment Properties' newly-acquired NW Houston Industrial Portfolio.HOUSTON – Wilson Investment Properties, a Silicon Valley-based firm, acquired an industrial portfolio of 19 buildings across six industrial parks in July 2018.

The 460,000-sf portfolio is primarily located on the northwest side of Houston.

The portfolio is leased to a diversified set of 103 tenants, including manufacturing, fabrication, and many local service businesses.
Houston-The Woodlands-Sugar Land

​​Check out Houston-The Woodlands-Sugar Land Industrial Market Research.

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Downtown revitalization takes on Baxter BuildingDowntown revitalization takes on Baxter Buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206652018-07-20T05:00:00Z2018-07-20T23:00:00Z

​​​​The Baxter Building.HARLINGEN — City leaders and MRE Capital launched a $4.5 million project to turn the nine-story Baxter Building into Baxter Lofts, a largely low-income 24-unit apartment development.

The nine-month renovation of the 91-year-old building​ caps a 30-year push to turn one of the city’s biggest eyesores into the downtown area’s crowning jewel.

When the office building opened in 1927, it stood as the tallest building in the Rio Grande Valley at 106 S. A St.

By the late 1960s, though, it had fallen into disrepair, turning into a flophouse blamed for standing in the way of the downtown area’s revitalization.
Brownsville Herald
https://www.brownsvilleherald.com/news/local/developer-launches-project-to-renovate-baxter-building/article_1d73e445-171f-5958-8b60-779a512ad39a.htmlRead more at the {Source}
DFW apartment building declines, second in nationDFW apartment building declines, second in nationhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206642018-07-20T05:00:00Z2018-07-20T22:45:00Z

​​​​DFW – North Texas apartment building activity is down a tad so far this year, b​ut the 1.5 percent decline in apartment-building permits couldn't knock the metro off its perch as one of the country's busiest apartment-building markets.

According to new data from RealPage, 20,191 multifamily homebuilding permits were recorded in the Dallas ​​​​​​area during the 12-month period ending in May 2018, second only to New York City.​

With the huge number of new rental units hitting the market in the last few years, rents in the area are barely rising, and in some DFW neighborhoods, apartment rents are actually falling.

At midyear 2018, Dallas-Fort Worth apartment rents were up only 1 percent from a year earlier.

Nationwide, apartment building activity was up more than 9 percent in May 2018 from a year earlier.
Top metros for multifamily permits year-ending may 2018
Dallas News
Dallas-Fort Worth-Arlington

​Check out ​more Dallas-Fort Worth-Arlington Multifamily Market Research​.

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10K acres of ranchland up for grabs10K acres of ranchland up for grabshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206662018-07-20T05:00:00Z2018-07-20T22:30:00Z

​​​A view of the Ranch.THROCKMORTON COUNTY – The 10,3-acre Comanche Crest Ranch—on US 380 between the towns of Haskell and Throckmorton—is ​for sale.

Located two hours west of Fort Worth, the hunting and cattle ranch has five large fenced pastures, more than two dozen small lakes and stock ponds, and miles of roads and fencing.

Unlike other big Texas ranches with sprawling homes and buildings, Comanche Crest has just been used for cattle grazing and hunting.

Dallas' Icon Global Group is marketing the rural property for sale with a price tag of $13.5 million.
Dallas News
https://www.dallasnews.com/business/real-estate/2018/07/18/saddleup-10k-acre-ranch-sale-west-fort-worthRead more at the {Source}
East, west coast distributor consolidates to DFWEast, west coast distributor consolidates to DFWhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206612018-07-20T05:00:00Z2018-07-20T22:00:00Z

​​​The buildingGRAND PRAIRIE – A California-based wireless products firm is opening a new distribution center in the Metroplex.

C2 Wireless Inc. has leased 65,000 sf of industrial space in the Riverpark 1100 business park at 3275 W. Trinity Blvd.

The company is consolidating warehouse operations currently located in New York and California to North Texas.

C2 Wireless is a distributor of wireless accessories, handsets, and parts. The ten-year-old company is based in Irvine, Calif.
Dallas News
Dallas-Fort Worth-Arlington

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

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How long do North Texas homeowners stay put?How long do North Texas homeowners stay put?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=206532018-07-19T05:00:00Z2018-07-20T00:00:00Z

​​DFW – The median time U.S. homeowners stay put has risen to 13.3 years—twice the time between moves back in the early 2000s.

But in many Texas cities, homeowners are changing addresses more frequently.

Frisco residents have one of the lowest median time between moving of any U.S. cities—just 7.5 years according to a new study by consumer research firm ValuePenguin.

In addition, folks in McKinney (7.9 years), Allen (9.5 years), and Denton (9.5 years) move more often compared with the rest of the country.

In the DFW area, residents stay the longest in Garland (13.4 years) and Richardson (13.3 years).

In Texas, the median time residents have been in their homes is about 12 years.

The longest tenure is in El Paso where the median home residency is 14 years.

North Texas Cities ranked by Median Years of Residence
Dallas News
Dallas-Fort Worth-Arlington

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

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ABOR: June 2018 Austin-area housing statisticsABOR: June 2018 Austin-area housing statisticshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206572018-07-19T05:00:00Z2018-07-19T23:45:00Z

​​​​Austin Board of Realtors June 2018 Austin-area housing market statistics.

Austin Board of Realtors
Austin-Round Rock

​See​ also: Austin-Round Rock Housing Market Research​.

Check {Source} for more information
Demolition readies River Oaks high-rise siteDemolition readies River Oaks high-rise sitehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206562018-07-19T05:00:00Z2018-07-19T23:30:00Z

​​​A full-profile rendering of the Driscoll at River Oaks.HOUSTON – Weingarten Realty Investors started demolition work in early July 2018 to clear the way for The Driscoll, a luxury high-rise that will tower above the River Oaks Shopping Center off West Gray St.

The 30-story, 318-unit tower will sit atop 10,000 sf of retail.

Units will range from 900 sf to a 3,000-sf penthouse.

The tower, set to deliver by 2021, is the company’s first foray into Houston’s residential market in 15 years.​
Houston Business Journal
Houston-The Woodlands-Sugar Land

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

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440-unit subdivision to far North Texas440-unit subdivision to far North Texashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206462018-07-19T05:00:00Z2018-07-19T23:15:00Z

​​​​​An image of downtown Celina (pulled from the Globe Street article)​CELINA, COLLIN COUNTY – Phase one of a new single-family development, called Chalk Hill, recently broke ground in far North Texas.

The phase—consisting of 157 lots out of 440 planned in the development—will be located at the southeast corner of Preston Rd. and CR 102 in Collin County.

The community will help accommodate some of the population growth in Celina, which has nearly doubled since 2010 to approximately 11,000 people.
Dallas-Fort Worth-Arlington

Check out Chalk Hill’s site plan (beginning page 16).

Source: {Source}
$150M Mansfield medical project underway$150M Mansfield medical project underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206452018-07-19T05:00:00Z2018-07-19T23:00:00Z

Texas Health Hospital Mansfield – RenderingMANSFIELD – Texas Health Resources and Adventist Health System are building a new health care campus in North Texas.

Texas Health Hospital Mansfield, scheduled to open in late 2020, will offer a full variety of services, including a 24/7 emergency room, general surgery, women’s care, orthopedics, and interventional cardiology.

Construction on the four-story, 195,400-sf, 83-bed facility will begin in fall 2018.

The $150 million campus will also include an 80,000-sf medical office building that will house primary care and specialty practices.

The 38-acre Mansfield campus, located on the southeast corner of Lone Star Rd. and US 287, will be Texas Health’s second major facility in Mansfield.
Dallas-Fort Worth-Arlington
https://globenewswire.com/news-release/2018/07/12/1536827/0/en/Texas-Health-Resources-and-Adventist-Health-System-to-Build-New-Health-Care-Campus-in-Mansfield-Texas.htmlSource: {Source}
Houston Hines tower full steam aheadHouston Hines tower full steam aheadhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206552018-07-19T05:00:00Z2018-07-19T22:45:00Z

​​A rendering of the new tower under construction by Hines. HOUSTON – Hines began construction on its new tower at the former Houston Chronicle site downtown. It is expected to open in late 2021.

The one ​million-sf, 47-story tower will be situated diagonally on the 800 block of Texas Ave. 

Law firm Vinson & Elkins and Hines will be the tower’s anchor tenants, leasing 212,000 sf and 155,000 sf, respectively. 

Hines will relocate from Williams Tower in the Galleria area. 

Vinson & Elkins will relocate from 1001 Fannin, where the firm currently leases more than 300,000 sf.

The tower’s amenities will include multiple food and beverage options, networking spaces, a full-service conference facility, a fitness center, public gardens on the 12th level and an internal 11-level garage with more than 1,500 parking spaces.
Houston Business Journal
Houston-The Woodlands-Sugar Land

​See also​: Houston-The Woodlands-Sugar Land Office Market Research​.

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Data center project rides the Telecom CorridorData center project rides the Telecom Corridorhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206582018-07-19T05:00:00Z2018-07-19T22:30:00Z

​​An aerial view of the property indicating the location of the proposed data center.​RICHARDSON – State Farm Insurance and Dallas developer KDC have filed plans to build a major data center in Richardson's Telecom Corridor.

The new tech center would be built on Lookout Dr. south of State Farm's regional office campus at the CityLine​ development.

In 2015, KDC built a 129,180-sf data center at the corner of Lookout and Plano Rd.

Now State Farm and KDC are requesting to build a second 130,629-sf data center with office space on more than eight acres at 1510 E. Lookout.

The data center is not expected to house more than 20 workers.
Dallas News
Dallas-Fort Worth-Arlington

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

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GLO requesting feedback from communities impacted by HarveyGLO requesting feedback from communities impacted by Harveyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206592018-07-19T05:00:00Z2018-07-19T16:00:00Z​​AUSTIN — The Texas General Land Office (GLO) has issued a survey to collect input from communities affected by Hurricane Harvey.

Responses will help the GLO determine how to use $137 million in Community Development Block Grants for Disaster Recovery funds to help mitigate and lessen the impact of future disasters.

The survey will be distributed to citizens, city officials, councils of government, and river authorities. It will include questions about flood control, drainage improvements, resilient housing solutions, economic development, and infrastructure improvements.
Texas General Land Office
Infrastructure & Transportation
http://www.glo.texas.gov/the-glo/news/press-releases/2018/july/commissioner-bush-encourages-communities-affected-by-recent-flooding-to-participate-in-survey.htmlRead more at {Source}
SABOR: June 2018 MLS housing statisticsSABOR: June 2018 MLS housing statisticshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206422018-07-18T05:00:00Z2018-07-19T00:00:00Z

​​​SAN ANTONIO – The San Antonio Board of Realtors (SABOR) released its June 2018 MLS housing statistics​ for the eight-county region including Atascosa, Bexar, Frio, Karnes, Kendall, La Salle, McMullen, Medina, and Wilson Counties.

San Antonio Board of Realtors
San Antonio-New Braunfels

Check out more San Antonio-New Braunfels Housing Market Research.

Source: {Source}
Magnolia to buy Waco's Shrine buildingMagnolia to buy Waco's Shrine buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206402018-07-18T05:00:00Z2018-07-18T23:45:00Z

​​​​​Image of the Grand Karem Shrine building.WACO – Magnolia Vacation Rentals will buy the 90-year-old downtown Grand Karem Shrine building from McLennan County at 701 Washington Ave.

The building's only tenants—the county health services department and the child support court—occupy less than a third of the 53,000-sf building.

County commissioners approved the $1.1 million deal with Magnolia Vacation Rentals LLC, which is expected to be finalized in the next few months. 

The county bought the structure for $383,000 in​ 1995 after the Karem Shrine relocated to a new headquarters off North River Crossing.
Waco Tribune-Herald
https://www.wacotrib.com/news/mclennan_county/magnolia-under-contract-to-buy-grand-karem-shrine-building-in/article_39d606e9-e856-5bfd-bb97-26ab1f338b36.htmlRead more at the {Source}
City zones for high-density, multifamily developmentCity zones for high-density, multifamily developmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206432018-07-18T05:00:00Z2018-07-18T23:30:00Z

An aerial view indicating the re-zoned land.GEORGETOWN – The city’s housing pipeline is poised to get a boost.

The city council rezoned about 314 acres on the suburb's northern fringe into a new planned unit development called Berry Creek Highlands.

The council also approved zoning to allow high-density, multifamily development off Wolf Ranch Pkwy. near I-35.

Berry Creek Highlands is planned as a mixed-use community with up to 1,500 residential units, according to city documents.

The site is on the west side of SH 195 near the Sun City neighborhood.

Georgetown is one of the fastest-growing cities in Central Texas, with an estimated population of 70,685 as of mid-2017, a 5.4 percent year-over-year increase.
Austin Business Journal
Austin-Round Rock

​See also: Austin-Round Rock Housing Market Research.

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New construction sprouts in Springwoods VillageNew construction sprouts in Springwoods Villagehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206392018-07-17T05:00:00Z2018-07-18T23:15:00Z

​​Rendering of the two projects.SPRING – Construction began in July 2018 on a 50,000-sf, two-story building at 1401 Lake Plaza Dr. and a 50,000-sf Star Cinema Grill in the 60-acre CityPlace mixed-use development within Springwoods Villages.

The 1401 Lake Plaza Dr. building is expected to be completed in first quarter 2019.

It will have 25,500 sf of ground-floor retail and 26,750 sf of second-floor office space.

The Star Cinema Grill at 1495 Lake Plaza Dr. will include ten screens with around 1,200 seats.

It is expected to be complete​ 2Q 2019.

When complete, CityPlace is expected to include four million sf of Class A office space and 400,000 sf of retail.​
Houston Business Journal
Houston-The Woodlands-Sugar Land

​See also: Houston-The Woodlands-Sugar Land Office and Retail​ Market Research.

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