{{titleBar.title}}

{{titleBar.tagline}}

 

 

Dallas 'Ador-a' senior citizens with new living communityDallas 'Ador-a' senior citizens with new living communityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120122016-02-08T06:00:00Z

​​DALLAS - A development group—US Freedom Capital and OnPointe Health Development—has started construction on a new senior living community in Midtown Park in North Dallas.

The 77,132-sf, three-story campus will sit at 8160 Meadow Rd. near Manderville Lane in proximity to Texas Health Presbyterian Dallas hospital.

In all, the project—called Adora Midtown Park—will bring 109 skilled nursing and assisted-living suites to this part of the city upon completion.

Construction is slated for substantial completion in March 2017.
Dallas Business Journal
Dallas-Fort Worth-Arlington
Senior Living
http://www.bizjournals.com/dallas/news/2016/02/03/construction-begins-on-midtown-park-senior-living.html#i1Read more at the {Source}
Austin multifamily growth continues, but what's on the horizon?Austin multifamily growth continues, but what's on the horizon?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=120002016-02-08T06:00:00Z

​​​AUSTIN - Austin's apartment market is as strong as ever and gearing up for another huge round of development, according to the latest Austin Multifamily Trend Report published by Austin Investor Interests LLC. ​

Even as thousands of units have been added to the apartment inventory in the past three years, another 15,000 units are expected to be delivered in 2016. ​

In general, 2015 was a stellar year for conventional multifamily development with high occupancy across all types of product and a continued upward trek in rents.

Studio units—usually less than 500 sf—appear to be the product most in demand with rents increasing 9.3 percent annually or about $83 per month. 

However, the larger the unit, the smaller the rent increase.

Apartment builders showed no signs of letting up on the gas this past year.

"Thus far, developers do not appear to feel threatened by the general market or financial changes, as new submittals doubled over the prior year and new starts pushed forward," the report stated. 

"Look for 2016 to bring about additional sales, rent challenges in pockets, heightened completions and positive absorption to continue."

Optimism continues, but there are some signs of concern.

A significant percentage of developers are selling projects quickly after completion, indicating they may not be bullish about long hold prospects. 

Similarly, investors of older products are initiating renovations immediately after purchase with the intent to resell the property after a short hold.

"Area investment shows precarious signs of pumping in and pulling out," the report explained.

Here's a look at a few highlights of the report:

  • Occupancy is highest in Bastrop at almost 98 percent but rents are lowest—$0.98 per sf.
  • Occupancy is lowest in the Central Business District at 91 percent but rents are highest—$2.52 per sf.
  • Rents have increased the most in the far north submarket—7.6 percent.
  • Concessions across all submarkets increased 11 percent in fourth quarter. Special pricing was available in 38 percent of the properties.
  • Some 17,535 conventional units are currently under construction across the Austin metro area.
  • Affordable housing and student housing projects account for another 3,436 units under construction.
  • Some 8,248 units were delivered in the past year almost equal the amount of net absorption.
  • During the past year, 91 investment sales totaling 22,023 units were recorded. The average price was $117,100 or $137 per sf.
  • At the end of 2015, 32 apartment properties had been newly listed for sale with 40 percent already under contract.
Austin Business Journal
Austin-Round Rock
Multifamily
http://www.bizjournals.com/austin/blog/real-estate/2016/01/austins-apartment-market-ready-for-another-robust.htmlRead more at the {Source}
Dallas maps home prices; sales look up further southDallas maps home prices; sales look up further southhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120302016-02-08T06:00:00Z

DALLAS AREA - Southern Dallas scored big wins in the 2015 housing market.

Residential districts stretching from Oak Cliff to Ellis County had some of the largest gains in home prices and sales last year.

At the same time, home sales stuttered in northern suburbs where a lack of homes o​n the market cut into 2015 sales totals.

Demand for affordable housing led the big price gains in residential districts in Southeast Dallas, Cedar Hill, Kaufman and Ellis counties, according to year-end North Texas home price data from the Real Estate Center at Texas A&M University.

Preowned home sales for last year rose by 12 to 20 percent in those markets, compared to less than a 5 percent 2015 home sales rise in the almost 50 North Texas markets The Dallas Morning News tracks each quarter.

Home sales and prices in some of those southern residential districts were still making up ground lost during the housing crash, real estate agents say.

Home sales price appreciation was a factor in almost every Dallas-area neighborhood in 2015.

The biggest price gains were in Southeast Dallas and Oak Cliff (median price up 24 percent from 2014), The Colony and Southern Dallas (up 22 percent) and Euless (up 19 percent).

These areas all saw strong home sales last year.

Home inventories were the tightest in The Colony, Bedford and Richardson with less than a one-month supply. 

Mesquite, Carrollton-Farmers Branch, Garland, Plano, Grand Prairie, Grapevine, Sachse-Rowlett, Wylie and McKinney all had less than a 1.5-month inventory of houses on the market with real estate agents last year.

More than 62,000 preown​ed single-family homes were sold by real estate agents last year in the Dallas-area—an all-time high number of property purchases.

Most analysts are forecasting a decline in housing activity this year unless more properties come on the market.
Dallas Morning News
Dallas-Fort Worth-Arlington
Housing

​View the story and interactive map at the Dallas Morning News.

Click to see the NTREIS Marketwatch Reporty by County (PDF).

Read more at the {Source}
Austin's Bazaarvoice networks to new HQAustin's Bazaarvoice networks to new HQhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120052016-02-08T06:00:00Z

​​AUSTIN - Bazaarvoice, an Austin-based tech company, will move to its new 137,615-sf​ headquarters in the Quarry Oaks business park in north Austin. ​

Located on Stonelake Blvd. near MoPac Expy., the building will be home to Bazaarvoice's 600 Austin employees, with room for future expansion.

The Class A structure will feature outdoor decks, curtain wall glass, steel beams and exposed interior concrete.

The new office also features a Whole Foods Market Cafe. 


REBUSINESS
Austin-Round Rock
Office
http://rebusinessonline.com/bazaarvoice-to-move-into-new-headquarters-in-austin/Read more at {Source}
Flying high: Bush, Hobby airports log record passengersFlying high: Bush, Hobby airports log record passengershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120292016-02-08T06:00:00Z

​​HOUSTON - Houston's two major airports both set records for passenger traffic in 2015, the Houston Airport System.

Hobby Airport had 145,202 international passengers between opening its international concourse in October—the first time Hobby has seen international flights since 1969—and the end of the year.

Hobby, overall, had 12.2 million passengers, up 1.8 percent from 2014.

Bush Intercontinental Airport saw its overall passenger count rise 4.2 percent to about 43 million. The number of international passengers at Bush increased 8 percent to 10.6 million.

Combined, the Houston Airport System saw a 3.7 percent increase to 55.1 million passengers.

Houston Chronicle
Houston-The Woodlands-Sugar Land
Infrastructure & Transportation
http://www.chron.com/business/article/2015-brought-record-passenger-traffic-to-Bush-6805100.php

See the full Houston Airport System report for specifics. Also visit Houston Market Research to see more free data!

Read more at the {Source}
San Antonio: Takata buckles into $18M expansionSan Antonio: Takata buckles into $18M expansionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120232016-02-08T06:00:00Z

SAN ANTONIO - The next generation of high-tech seat belt buckles will be made at a newly expanded $18 million manufacturing plant in the Alamo City.

Construction crews finished a major expansion of the Takata Seat Belt plant off Wiseman Rd. in December 2015.

Using a state-of-the-art assembly line and high-tech robotics, the new plant can produce 27 million seat belt parts per year.

The new 48,000-sf plant currently employs 35 people but was designed to easily accommodate future expansions, if needed.

Based on current global demand for cars and seat belts, Takata Vice President of Seat Belt Operations Scott Simpton said the company is prepared to invest another $12 million to add a second line and hire 35 more people as early as 2017.

Takata opened its original manufacturing facility off Wiseman Rd. in 1996. The original plant’s 340 employees make 133 different parts at a rate of 194 million parts per year.
San Antonio Business Journal
San Antonio-New Braunfels
Industrial
http://www.bizjournals.com/sanantonio/print-edition/2016/02/05/san-antonio-buckles-in-as-takata-seat-belts-expand.html

​​Need industrial reports? See San Antonio Industrial Market Research​.​​​​

Read more at the {Source}
JLL "COW" of the week: DFW stellar 2015, now 2016?JLL "COW" of the week: DFW stellar 2015, now 2016?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=120402016-02-08T06:00:00Z

​​DALLAS-FORT WORTH - JLL has released the Chart of the Week (COW) and we want to share it with you!​

JLL
Dallas-Fort Worth-Arlington
Office
http://www.jll.com/dallas/en-us/research/chart-of-the-week

Free and easy data? Check out Dallas-Fort Worth Market Research for office, housing, industrial, retail and more!

See the full report at {Source}
Port Authority of Houston record with 30.5M tons of goods in 2015Port Authority of Houston record with 30.5M tons of goods in 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=120082016-02-08T06:00:00Z

​​HOUSTON - The Port Authority handled a record amount of cargo in 2015, hitting 30.5 million tons of goods passing across its docks, executive director Roger Guenther said during a Port Commission meeting, based on preliminary numbers.

Cargo exceeded the 30.3-million-ton record set in 2014.

The Port Authority also handled a record number of containers—the equivalent of about 2.1 million 20-foot-long containers, which carry items like retail goods and raw materials. 

As Houston's economy reels from low oil prices, port officials are optimistic about growth in container trade, which they say will be driven by a boom in plastic production in the region slated to start a year from now.

A number of natural gas processing plants are preparing to go into operation next year and will start producing plastic that will be shipped by container to manufacturers. 

The outlook for other shipments through the port doesn't look as strong. In recent years the port saw high demand for steel and equipment for oilfield projects that have now dropped off along with the price of oil.

Breakbulk shippers are facing a slow market. They typically ship construction materials, equipment, or anything that doesn't ship in a container or tank.

Houston Chronicle
Houston-The Woodlands-Sugar Land
Industrial
http://www.chron.com/business/article/Port-Authority-saw-record-tons-of-cargo-in-2015-6804549.php

​Check out Houston's Industrial Market Research to see more information on the local economy.

Source: {Source}
Real Estate Center advisory committee elects new officersReal Estate Center advisory committee elects new officershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120422016-02-05T06:00:00ZAUSTIN – At its meeting today, the Real Estate Center's advisory committee elected Russell L. Cain of Port Lavaca chairman. W. Douglas Jennings of Fort Worth was elected vice chairman.

Cain is president of Russell Cain LLC, which has offices in Port Lavaca, Port O'Connor, Seadrift, and Edna. He is a member of the Calhoun County Board of Realtors, Victoria Board of Realtors, Rockport Board of Realtors, National Association of Realtors, and the Texas Association of Realtors.

He succeeds C. Clark Welder of San Antonio as chairman.

Jennings is a vice president and principal for William C. Jennings Company. His father, William C. Jennings, served on the advisory committee in the 1980s. 

The committee has three public members and one each representing residential, commercial and industrial properties. Others represent real estate brokerage, construction and finance. Each is appointed by the governor for a six-year term. The Texas Real Estate Commission is represented by an ex-officio member.
 
The committee approves the Center's research plans and reviews findings prior to distribution. Members also approve the Center’s proposed budget before it is submitted to the university.
Real Estate Center
College Station-Bryan
Center News
Read more at {Source}
Dallas 2015: lots of gold mints on new hotels' pillowsDallas 2015: lots of gold mints on new hotels' pillowshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=119802016-02-05T06:00:00Z

​​​DALLAS - Dallas had the most new hotel projects in the country in 2015, and the area is on track to be a top hotel building market again in 2016, according to analysts at Lodging Econometrics.

Last year 44 new hotel projects opened their doors in North Texas, according to the hotel industry consultant. Los Angeles was second with 28 new hotels in 2015.

Currently New York is the top U.S. hotel building market with 204 projects, followed by Houston with 167, Dallas with 121, Los Angeles with 96, and Washington DC with 87.

2015 was the best year for hotel building since 2008. There were 4,413 new projects with 546,135 rooms during the year, Lodging Econometrics found.

Another 1,926 U.S. hotel projects are set to start in 2016.
Dallas Morning News
Dallas-Fort Worth-Arlington
Hotel
http://bizbeatblog.dallasnews.com/2016/01/dallas-area-tops-nation-for-new-hotel-projects.html/Read more at the {Source}
Austin: Navitus Health reports footprint at Research Park Plaza VAustin: Navitus Health reports footprint at Research Park Plaza Vhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=119932016-02-05T06:00:00Z

​AUSTIN - Navitus Health Solutions will expand its footprint in Austin after the full-service pharmacy benefits company signed a six-year lease for 25,937 sf within the Research Park Plaza in the Northwest submarket. 

Navitus will take occupancy at Research Park V, which is located at 12301 Research Blvd.​

The 172,854-sf, four-story office building is slated to deliver in 1Q2016 as the fifth and final building of the office park.

Navitus will be joined at Research Building V by Planview, an Austin-based software company that agreed to a ten-year lease for 51,624 sf in October 2015.

Approximately 95,000 sf of office space in the building remains available for lease. 

CoStar Group
Austin-Round Rock
Office
http://www.costar.com/News/Article/Navitus-Health-Solutions-Inks-26000-SF-Lease-at-Research-Park-V-in-Austin/179382Read more at {Source}
Sherman-Denison housing values rise 5.5 percent in 2015Sherman-Denison housing values rise 5.5 percent in 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=120252016-02-05T06:00:00Z

​SHERMAN-DENISON - Home sales in Texas reached an all-time high of 309,000 in 2015, with prices rising about 5.5 percent across the state, according to a quarterly report from the Texas Association of Realtors.

The report found that single family home sales in the Sherman-Denison area increased 9.7 percent over fourth quarter 2014. With the increase in sales, the number of active listings decreased by 14.2 percent and the days on the market decreased by 21 days over that same span of time.


With the reduction in houses on the market, the housing inventory has also dropped to 3.9 months worth of homes if no more listings were added.

Beyond single-family homes, there is also a high demand for multi-resident housing, with 96 percent of Sherman’s apartment units occupied.

Some of the demand stems from job growth in areas north of Dallas. Workers from these employers are looking for quiet areas to settle down while still having access to the DFW Metroplex.

With growth expected to continue, including construction on three subdivisions in Denison’s Gateway Village this year, demand should continue through 2016 until these and other developments start to provide new homes on the market. From there, demand and supply should even out in 2017.

Herald Democrat
Sherman-Denison
Housing
http://heralddemocrat.com/news/business/sherman-denison-housing-values-sales-rose-2015

​Be sure to check out page 23 of the Texas Association of Realtors report to see more data on Sherman-Denison! Also visit Sherman-Denison Market Research for more free reports.

Read more at the {Source}
Odessa home prices dip 3.5 percent, following oil trendOdessa home prices dip 3.5 percent, following oil trendhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120112016-02-05T06:00:00Z

​ODESSA - Odessa home sales fell more than 25 percent in the last three months of 2015, while median home prices dropped just 3.5 percent, according to a new report from the Texas Association of Realtors.

For now, local realtors point to the best market for prospective homebuyers in years, with greater housing inventories and interest rates that remain low, about 4.5 percent.


The lag between the oil price crash and changes in the housing market also leaves a market that remains a sellers’ market.​

The recent report shows Odessa’s housing market is still out of balance with an average 4.5 months of inventory in fourth quarter 2015. 

But that reflects improvement from the 2.1 months of inventory during the same period of 2014.

The fourth quarter drop brought total home sales in Odessa by the end of the year to 1,134—down from the 1,310 sold in 2014.

Meanwhile, rent prices in Odessa and Midland have fallen quickly. 

A one-bedroom in Odessa now averages $830 per month, less than the state average and more than 25 percent less than at this time in 2015, according to a February 2016 by Apartment List. 

A two-bedroom in Odessa averages $1,090.
Odessa American
Odessa
Housing
http://www.oaoa.com/news/business/article_8e4e91ce-ca0c-11e5-8053-cfff53cabad1.htmlRead more at the {Source}
Port Arthur's design on $26M Memorial 9th Grade AcademyPort Arthur's design on $26M Memorial 9th Grade Academyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=119922016-02-05T06:00:00Z

​PORT ARTHUR - Port Arthur ninth-graders will move out of an almost century-old building and into a $26 million facility next to Memorial High School in 2018, the first of three new campuses to be built with funds from a $195 million bond project approved by voters in 2014.

Port Arthur Independent School District (PAISD) officials has broken ground for the new 113,000-sf Memorial Ninth Grade Academy on a lot between the high school and baseball fields on Sgt. Lucian Adams Dr.

The district's latest bond project also calls for new William B. Travis and Sam Houston elementary schools and the remodeling of Tyrell Elementary School.

Design plans for the Ninth Grade Academy call for 15 classrooms, five science labs and two art labs. Additionally, ten classrooms inside an already existing building, dubbed the Motiva building, will become a part of the campus, according to preliminary plans. 

Construction should begin this spring.

Enrollment figures for the 2014-15 school year show that almost 600 students attend the Memorial Ninth Grade Academy. Those students are currently housed at the former Stephen F. Austin High School on 61st St. The school building was built in 1929, and about 12,000-sf was added in 1961, making the building a combined 130,000 sf.

​Being next door to the high school will help the students make an easier transition to the main campus their sophomore year. 

It will also make it easier on parents who have students enrolled in both campuses.

Additionally, the plan is for some of the high school's and ninth grade academy's facilities to be shared. The new school will have one gym and a cafetorium, which is a cafeteria with a stage.

After completing the new school, the old ninth grade academy could be used to temporarily house Dick Dowling Elementary students while Dowling is renovated.

Eventually, the Stephen F. Austin building is planned to house newcomers with language barriers, credit recovery students and act as an alternative disciplinary campus, according to previous Enterprise reports.

Beaumont Enterprise
Beaumont-Port Arthur
Education
http://www.beaumontenterprise.com/news/article/Port-Arthur-9th-grade-campus-to-be-ready-by-2018-6790200.phpSource: {Source}
Drop in oil tax revenue 'not going to be pretty' for TexasDrop in oil tax revenue 'not going to be pretty' for Texashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=119682016-02-05T06:00:00Z

​​​TEXAS - Taxes on oil and gas mean a lot to Texas. Consider that for every $5 drop in the price of oil, the state loses about $200 million dollars in oil production taxes. 

And as recounted last week in testimony at the Texas statehouse, that price per barrel has only gotten lower in the past year.

Texas Comptroller Glenn Hegar told the Texas House Select Committee on Transportation that just since he was elected a year ago, he watched the price per barrel fall from $74 to $60 then to $39 “and of course here we are today with high 20s and wondering where the new floor is.”

Oil’s decline means production taxes have plummeted by about 50 percent which Hegar told lawmakers has a lot of people fearing the state’s economy will collapse as it did in the 1980s when oil prices took a similar tumble.

But Hegar told lawmakers Texans shouldn’t be hyperventilating.
“Texas is not the 1980s, we’re a much more diverse economy than we were in the 1980s. Is oil and gas important to this state? Absolutely. It’s 14 percent of our economy but it’s not the 20-plus percent it was in the 1980s,” Hegar said.

Watching how the state is handling all this is Bernard Weinstein, an economist at Southern Methodist University in Dallas. He figures Texas will have maybe $5 billion less than it estimated to cover a two year budget that totals $209 billion.

The Rainy Day Fund is a $16 billion reserve built largely from oil & gas taxes. The legislature doesn’t meet again in regular session till next year so a special session could be called if things get really bad.

Whatever eventually happens in Texas, it may be less bad than what’s already happening in other oil-producing states. Robert McManmon is an analyst with the Energy information Administration in Washington.

“Texas has a more diversified economy that Alaska, North Dakota and Wyoming which were above 40 percent as a share of their revenue sources,” said McManmon.

In other words, in those states oil & gas taxes make up 40 percent or more of all their tax revenue. By contrast in Texas, those taxes account for only about 9 percent of all revenue.

All that said, there is more to the tax story than what’s happening at the state level: cities and counties in areas where oil & gas drilling has surged could see big decreases in what they get from sales and property taxes.

Houston Public Media
Texas
Economy
http://www.houstonpublicmedia.org/articles/news/2016/01/26/135115/drop-in-oil-tax-revenue-not-going-to-be-pretty-for-texas/

​Visit Market Research to see reports and data from every MSA in Texas.

Source: {Source}
San Antonio: Academy Sports + Outdoors takes a walk on the buy sideSan Antonio: Academy Sports + Outdoors takes a walk on the buy sidehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120132016-02-05T06:00:00Z

SAN ANTONIO - Even though it's just a short drive away from its current location along SW Military, the six-acre site at I-35 and Zarzamora packs a powerful punch for Academy Sports + Outdoors with its accessible, dynamic location and that it was available to buy rather than lease.

The sporting goods retailer will be moving its entire South San Antonio presence three miles westward to shift from its current lease model at 165 SW Military Dr.

At nearly 63,000 sf—a boost from the SW Military store's 59,000 sf—the new Alamo Crossing location will offer the same services, inventory and uniforms.​

Already turning dirt, Academy is going ground up on the vacant lot at 7503 S Zarzamora and will be joining other retailers in the Alamo Crossing shopping center such as Lowe's Home Improvement, Olive Garden, Red Lobster and Longhorn Steakhouse.

According to a construction permit, work is expected to wrap up by April, and is estimated to cost about $1.5 million.

San Antonio Business Journal
San Antonio-New Braunfels
Retail
http://www.bizjournals.com/sanantonio/news/2016/02/03/with-ability-to-own-rather-than-lease-academy.htmlRead more at the {Source}
Pure Multi buying $117.5 million San Antonio multifamily portfolioPure Multi buying $117.5 million San Antonio multifamily portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120282016-02-05T06:00:00Z

​​​​SAN ANTONIO – Vancouver-based Pure MultiFamily REIT LP has agreed to purchase two multifamily communities, known collectively as the TPC Portfolio, for an aggregate purchase price of $117.5 million, or around $155,000 per unit. 

​​The 416-unit The Towers at TPC delivered last October at 4092 TPC Pkwy. and includes eight buildings on 19.4 acres. It consists of one- to four-bedroom floor plans averaging 943 sf.

​The Mansions is a 344-unit garden-style community completed in 2007 at 22800 Bulverde Rd. It consists of one- to four-bedroom floorplans, averaging 1,135 sf, across 38 buildings on a 34.8-acre site.

Pure Multi will use proceeds from its year-end sale of the Windsong Apts. in Dallas, as well as bought deal financing that closed Dec. 11 and a first mortgage loan of around $78 million, to finance the deal. The loan will have a fixed interest rate of 4 percent per annum over a 12-year period.

CoStar Group
San Antonio-New Braunfels
Multifamily
http://www.costar.com/News/Article/Pure-Multi-Family-REIT-to-Expand-US-Holdings-with-$1175-Million-MF-Buy-in-San-Antonio/179384Read more at {Source}
Hitting the slopes? St. Bernard Sports to HoustoniansHitting the slopes? St. Bernard Sports to Houstonianshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120102016-02-05T06:00:00Z

​​​HOUSTON - Houstonians getting ready for a weekend jaunt to the mountains of Colorado are in luck. 

A high end, luxury ski shop will break ground any day now and should open by mid-April in one of the city's poshest retail developments.

St. St. Bernard Sports is building out a retail storefront at 4444 Westheimer Rd. in the River Oaks District, a mixed-use, open-air development by OliverMcMillan that's signed a number of high-end tenants.

The 14,900-sf store should be open and operational by mid-April.

A building permit for the store valued the built-out at $1.6 million. 

The storefront will face Westheimer and will neighbor Equinox, an international luxury fitness club.

Another luxury ski shop, Moncler, is already open in the River Oaks District.

St. Bernard Stores is expected to hit $28 million in revenue this year, the store's rep said.

The River Oaks District celebrated its grand opening in October. It's signed ultra-luxe tenants such as Cartier, Chopard, de Boulle, Harry Winston and Hermés.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Retail
http://www.bizjournals.com/houston/news/2016/02/04/ritzy-dallas-based-ski-store-sets-houston-opening.htmlSource: {Source}
Irving can't stop the beat thanks to planned Music FactoryIrving can't stop the beat thanks to planned Music Factoryhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120262016-02-05T06:00:00Z

​​​​IRVING – Skanksa USA has signed a $95 million contract with the ARK Group to develop the Irving Music Factory, an 8,000-seat indoor/outdoor concert venue that will go next​ to the Irving Convention Center.

The venue will be on a 16.8-acre site that will also include seven buildings featuring 247,570 sf of entertainment, retail, and restaurant space and a four-story, 96,875-sf office tower atop a six-level parking garage.

Construction will begin later this month. The project is slated to deliver in June 2017.​

CoStar Group
Dallas-Fort Worth-Arlington
Retail
http://www.costar.com/News/Article/The-ARK-Group-Greenlights-Irving-Music-Factory-Development/179467Read more at {Source}
Wichita Falls jumps to Walmart Neighborhood MarketWichita Falls jumps to Walmart Neighborhood Markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=119882016-02-05T06:00:00Z

​​WICHITA FALLS - Construction of a $3.75 million 41,000-sf  Walmart Neighborhood Market should begin sometime this spring on the northwest corner of Southwest Parkway and Barnett Rd.

Anne Hatfield, director of communications for the mega retailer, said it will take about six months, barring weather, to construct the facility and fuel station.

The market will feature a full line of groceries, fresh produce, grab-and-go meals, a bakery and deli, a pharmacy and more.

The store will have 95 employees including management and associates.

The Wichita Falls City Council, during its December 15, 2015 meeting, unanimously passed an ordinance that eliminated a potential stumbling block regarding the sale of alcohol within 300 feet of school property as the Wichita Falls ISD sports complex is across the street on Southwest Parkway.
Wichita Falls Times Record News
Wichita Falls
Retail
http://www.timesrecordnews.com/special/imagine-wichita-falls/quality-of-life/construction-on-walmart-neighborhood-market-set-for-spring-2acc0f97-2138-4a4f-e053-0100007f361d-367428351.html

​More background info? See "Walmart Neighborhood Market coming to Wichita Falls?​​"

Read more at the {Source}

 Search NewsTalk Texas