See the skyscrapers: $1B in development to Dallas' UptownSee the skyscrapers: $1B in development to Dallas' Uptownhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149262016-10-25T05:00:00Z2016-10-25T21:05:00Z

​​DALLAS - More than $1 billion in new development is underway in Dallas' Uptown district just north of downtown.

Uptown facts:
  • More than $5 billion in property values—almost the same as downtown
  • 19,000 residents and a daytime population of 30,000
  • Almost 10,000 apartments with 1,700 more under construction
  • 2,200 condominium units and almost 500 single-family homes
  • Seven hotels with 554 rooms
  • 65 percent of Uptown's residents are under 35 years old​


Dallas News
Dallas-Fort Worth-Arlington

​Don't miss out on Dallas-Fort Worth Market Research​ from retail to industrial and multifamily!

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JLL: DFW home prices—impact of our strong economy!JLL: DFW home prices—impact of our strong economy!https://www.recenter.tamu.edu/news/newstalk-texas/?Item=150002016-10-25T05:00:00Z2016-10-25T21:00:00Z

​​​DALLAS-FORT WORTH - JLL recently released the DFW “COW” (Chart of the Week) and we want thought you might like it.

Dallas-Fort Worth-Arlington

​Want ​more on DFW Housing? Check out the new ​NTREIS ​Marketwatch 3Q 2016 report (PDF)!

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Buffalos herd to $48M Ag complex in AmarilloBuffalos herd to $48M Ag complex in Amarillohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149282016-10-25T05:00:00Z2016-10-25T20:55:00Z

​​​AMARILLO - West Texas A&M University (WTAMU) celebrated the groundbreaking of a $48.1 million Agricultural Sciences Complex.

The nearly 160,000-sf complex will become the centerpiece of the school's agricultural sciences program and play a significant role in a veterinary partnership with Texas A&M University. 

It is slated for completion by fall 2018.

Located east of Buffalo Sports Park, the complex includes a research laboratory, meat lab, classrooms, a multipurpose arena and office space that will allow for a doubling of agricultural sciences faculty.

Ultimately, WT hopes to raise $10 million to supplement $38.1 million in funding from revenue tuition bonds approved by the Texas Legislature.

The facilities will be a key recruiting tool in an agreement recently forged between WT and Texas A&M. 

The two schools will collaborate to funnel WT pre-vet students to the Doctor of Veterinary Medicine program in College Station, where a massive vet teaching complex recently opened.

WTAMU's mascot is the Buffalo and shortened to The Buffs. 

The first University buffaloes were purchased in 1922 from the historic herd maintained by Charles and Mary Ann Goodnight on their T-Anchor Ranch.

Amarillo Globe-News
http://amarillo.com/news/latest-news/2016-10-14/wt-starts-work-48m-ag-complexRead more at {Source}
Get on beat: DFW 3Q 2016 industrial marketbeatGet on beat: DFW 3Q 2016 industrial marketbeathttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149122016-10-25T05:00:00Z2016-10-25T20:50:00Z

​​​​​​DALLAS-FORT WORTH - Leasing activity totaled just over 23.9 million sf (MSF) year-to-date 2016, a 4.2 percent drop over the 25.0 MSF leased during this period last year, according to Cushman & Wakefield’s Third Quarter 2016 Industrial Snapshot. 

Overall vacancy was recorded at 6.6 percent at the end of 3Q 2016. 

The amount of industrial space currently under construction is just over 21.7 MSF, slightly more than the 20.9 MSF under construction this period last year. Construction completions year-to-date totaled 15.7 MSF with 65.0 percent being spec buildings. 

Overall absorption has been extremely strong throughout the year recording nearly 19.9 MSF through 3Q 2016 versus 11.4 MSF this time last year.

Cushman & Wakefield
Dallas-Fort Worth-Arlington

​Click to s​ee the full Cushman & Wakefield DFW Industrial 3Q 2016 Snapshot (PDF)​.

Source: {Source}
Wildcats diggin' up dirt in Godley ISD Wildcats diggin' up dirt in Godley ISD https://www.recenter.tamu.edu/news/newstalk-texas/?Item=149222016-10-25T05:00:00Z2016-10-25T20:45:00Z

​​GODLEY, JOHNSON COUNTY - ​Godley ISD trustees and student leadership members turned dirt for the groundbreaking for the new $28 million Godley High School. ​

The three-story, 123,763-sf school is expected to open in fall 2018 at 9401 N. Hwy. No. 17 which is on the site near the old high school.

The already approved $50 million bond package will occur in three stages. Stage one includes the construction of the initial phase of the new high school.

Stage two will provide an expanded agriculture facility, multiple campus renovations to allow for grade realignment and increasing capacity across the district and district-wide technology improvements.

Superintendent Rich Dear said the school will give Godley students the power to lead in a globally connected world while using engaged learning.

Did you know Godley was named to the list of top 10 best Fort Worth suburbs for young couples?​

Cleburne Times-Review
Dallas-Fort Worth-Arlington
http://www.cleburnetimesreview.com/news/godley-isd-breaks-ground-on-new-high-school-facility/article_e7205586-9256-11e6-978d-b76c2f0573cc.htmlSource: {Source}
Tres Lagos begins ground work on big IDEASTres Lagos begins ground work on big IDEAShttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=148552016-10-25T05:00:00Z2016-10-25T20:40:00Z

​McALLEN - Tres Lagos, the 2,500-acre mega community in north McAllen, is moving along.​​

The mega community in north McAllen broke ground in March 2016 and is set to have its grand opening on July 3, 2017.

The overall community plan includes:

  • Edinburg school district campuses
  • an IDEA school
  • 5,000 single-family homes, 1,000 townhomes, 2,000 multifamily homes
  • a 90-acre technology park to attract new companies
  • more than 200 acres of parks and 20 miles of trails
  • more than 1.5 million sf of commercial retail

Tres Lagos will also serve as the new home to an extension of the Texas A&M College Station campus, overseen by President Michael Young.

Texas A&M University officials are hoping to break ground on the 60,000-sf Texas A&M-McAllen campus facility in December 2016.

The IDEA school, projected to open August 2017, has broken ground in the community. Gold's Gym, Tru Fit and Crunch are bidding to be the big gym across from the Texas A&M campus, according to Mike Rhodes, the developer.

Rhodes said ten homes have sold so far. Rhodes' goal is to have 100 homes sold by the grand opening. Construction on residences will likely begin in spring 2017.

Online news
http://www.treslagosmcallen.com/news/Read more at {Source}
Radical business in the digital age?Radical business in the digital age?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=149902016-10-25T05:00:00Z2016-10-25T20:35:00Z

​​UNITED STATES - Society is now far more open than it ever was. We use Facebook, Instagram and Twitter amongst many other social media tools to openly share to the world our lives, our views and our experiences.

We are entertained through videos we share and we learn through collaboration and sharing knowledge online. Society has become radically open.

This trend is not only transforming the way we think about business but also how we organize it and develop it.

Organizations need to engage customers, partners and employees into a productive, trust-based relationship in which intimate business information is shared; successes and failures, strategies and innovations.

The openness is breaking down traditional organizational boundaries as organizations ‘crowdsource’ knowledge and funding, and clients/consumers are directly driving innovation or even becoming producers. 

Collaboration and co-creation with clients, suppliers, partners and academia is driving strategy in directions that are not planned or programmed.

Cushman & Wakefield

​To see more information and data across Texas, check out Market Research.

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Dallas' 'electric' $43M Avenue on Fairmount saleDallas' 'electric' $43M Avenue on Fairmount salehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149292016-10-24T05:00:00Z2016-10-25T20:00:00Z

​​​​DALLAS - An upscale apartment community in Dallas' Oak Lawn neighborhood has traded hands for $43 million and will be re-branded from the Alexan Fairmount to the Avenue on Fairmount.

The five-story, 368-unit luxury apartment mid-rise apartment community at 4210 Fairmount St. was sold to Vancouver-based Pure Multi-Family REIT LP.

The apartment community offers one- and two-bedroom floor plans ranging from 613 sf to 1186 sf.

The property was developed in September 2015 and was ranked as one of the largest apartment communities completed last year.
Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2016/10/18/upscale-dallas-apartment-community-trades-hands.htmlRead more at the {Source}
From Corpus Christi to College Station, student housing sellsFrom Corpus Christi to College Station, student housing sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149342016-10-25T05:00:00Z2016-10-25T20:00:00Z

​​CORPUS CHRISTI, COLLEGE STATION - A portfolio of eight student housing assets totaling nearly 5,000 beds in five states for $72 million from Campus Advantage Inc has been purchased. 

The Texas properties include Islander Village, a 312-bed community, and Campus Quarters, a 336-bed community, both near Texas A&M University in Corpus Christi.

The third is The District on Luther, a 1,098-bed community near the Texas A&M University in College Station.

An investment of $11 million is planned to upgrade unit interiors and amenities over the next two years. 

The properties, built specifically as student housing, include two- to four-bedroom units with such amenities as property-wide Wi-Fi; exercise, pool, outdoor kitchen and cabana facilities and large clubhouses. 

The portfolio is concentrated near rapidly growing universities with average enrollment sizes of nearly 35,000 students, with enrollments growing by over 20 percent since 2010 and projected to increase another 13 percent by 2020. 

CoStar Group
College Station-Bryan

Check out College Station Multifamily Market Research.

See Corpus Christi Multifamily Market Research​

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San Angelo 3Q 2016 housing report: maps, stats and extrasSan Angelo 3Q 2016 housing report: maps, stats and extrashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149112016-10-25T05:00:00Z2016-10-25T19:40:00Z

​​​​SAN ANGELO - Year-over-year, prices declined for all measures, coinciding with greater inventories and reduced sales, according to the Third Quarter Edition of the 2016 San Angelo Housing Report by Coldwell Banker Patterson. 

Sales declined from 2Q 2016 by a mild 2.3 percent. 

The combination of slower sales and higher for-sale inventory caused months-of-supply to increase from about four months-of-supply to about five months, which is relatively close to historical averages.

Below is a sample of the map you will find of home sales price per square foot when you download the full report.

Coldwell Banker Patterson
San Angelo

​​Click to see Coldwell Banker Patterson's full 3Q 2016 Quarterly Housing Market Report (PDF)​.

Source: {Source}
THE SAMPLE: Dallas-Fort Worth Market ResearchTHE SAMPLE: Dallas-Fort Worth Market Researchhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149982016-10-25T05:00:00Z2016-10-25T19:35:00Z

​​DALLAS-FORT WORTH - Here’s a sample of the type of information available in Market Research reports.

In case you were waiting for a copy of the 'giveaway' for DFW, here it is for review or download—SAMPLE: Dallas-Fort Worth Market Research 2016 (PDF).

And if we don't have your quarterly report, send it to us​.
Real Estate Center
Dallas-Fort Worth-Arlington
Market Overview

​Check out updated quarterly data under DFW Market Research​ because there's more coming in every day!

Source: {Source}
$250M Texas Live! comin' alive in Arlington with groundbreaking$250M Texas Live! comin' alive in Arlington with groundbreakinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149962016-10-25T05:00:00Z2016-10-25T19:10:00Z

​​​​ARLINGTON - Developers have moved the construction start schedule for the $250 million Texas Live! entertainment venue and will break ground this week next to the proposed $1 billion future home of the Texas Rangers.

Crews will start on the first $100 million stage of the development, which includes:​
  • 35,000 sf of convention and meeting space
  • a 350-room hotel
  • 200,000 sf of dining and entertainment, opening in time for the start of the 2018 MLB season
  • and an outdoor pavilion.
According to developer Cordish Cos. and the Rangers, the hotel, convention and meeting segments will be ready in the fall of 2018.

Still up in the air is whether Texas voters will approve the City of Arlington's $500 million contribution toward a new ballpark, a measure on November's ballot.
Online news
Dallas-Fort Worth-Arlington

​Don't forget to visit DFW Market Research​!

Source: {Source}
Projection: San Antonio apartment demand strengthens amid job growthProjection: San Antonio apartment demand strengthens amid job growthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149202016-10-25T05:00:00Z2016-10-25T19:00:00Z

​​​SAN ANTONIO - Employment gains are keeping vacancy historically low despite an influx of deliveries this year in the multifamily market, according to Marcus and Millichap's third quarter 2016 market report.

Among Marcus & Millichap's other local projections for 2016 year-end:

  • Rental completions will reach a historic high this year, as developers add 7,100 units to stock.

  • ​Vacancy will sit at 6.2 percent by year-end, up 10 basis points from last year.

    Record-setting deliveries will minimally impact metro vacancy this year, a testament to strong rental demand.

  • ​Strong renter demand will facilitate rent growth this year. The average effective rent will increase 4.2 percent in 2016, ending the year at $933 per month. 

Outlook: Class B and C assets will remain in high demand, but the completion and lease-up of a number of Class A properties will attract institutional buyer attention, increasing the pool of active investors in the market.​​

Marcus & Millichap Real Estate Investment Services
San Antonio-New Braunfels

​See San Antonio Multifamily Market Research for lots of free data to save you time.

See the full report at {Source}
Big sale of Champions Village 403,000-sf in NW HoustonBig sale of Champions Village 403,000-sf in NW Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149742016-10-25T05:00:00Z2016-10-25T19:00:00Z

​HOUSTON - Preferred Apartment Communities, through its wholly-owned subsidiary New Market Properties, has acquired Champions Village in Houston to complete an eight-property portfolio purchase from Hines that began in early August. 

Located at the intersection of FM 1960 and Champions Forest Dr. in northwest Houston, Champions Village is a 403,523-sf power center anchored by Randalls and home to Kirkland's, Barnes & Noble, Palais Royal and Tuesday Morning, among others.

CoStar Group
Houston-The Woodlands-Sugar Land

​Shop for more data at Houston's Retail Market Research.

Source: {Source}
Concentrix to lay off 569 in AustinConcentrix to lay off 569 in Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149802016-10-25T05:00:00Z2016-10-25T18:20:00Z

​​​AUSTIN - Business services company Concentrix Corp. plans to lay off more than 500 employees from its Austin operations, according to documents filed with the Texas Workforce Commission.

Based in Fremont, Calif., Concentrix is a subsidiary of Synnex Corp., and has more than 90,000 employees worldwide.

Concentrix describes itself as a “leading business services company.”

Concentrix’s Austin offices are at 7401 E. Ben White Blvd., according to the company’s website.

Austin American-Statesman
Austin-Round Rock
http://www.mystatesman.com/news/business/business-services-company-concentrix-to-lay-off-56/nswzM/Read more at {Source}
Case-Schiller: Dallas home prices at all-time highCase-Schiller: Dallas home prices at all-time highhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149972016-10-25T05:00:00Z2016-10-25T17:00:00Z

​​DALLAS – Area home prices for August were 8.1 percent higher than a year ago, according to the latest Standard & Poor's/Case-Shiller report.

The city's prices are at an all-time high in the Case-Shiller report, up more than 30 percent from the prerecession high in mid-2007.

Big D was behind only Portland, Seattle, and Denver in the list of 20 U.S. markets that had the biggest year-over-year home price increases.

Nationwide prices were 5.3 percent higher than a year ago.​

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/homes/2016/10/25/dallas-top-five-nationwide-home-price-gainsRead more at {Source}
HUD awards $45.2 million to Texas for flood recovery effortsHUD awards $45.2 million to Texas for flood recovery effortshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149912016-10-25T05:00:00Z2016-10-25T16:00:00Z

​​AUSTIN – The U.S. Department of Housing and Urban Development (HUD) has awarded the State of Texas $45.2 million to assist in long-term recovery efforts following severe flooding events that occurred earlier this year.

HUD will prioritize the 112 affected Texas counties included in the Presidential Declarations for 2016. The residents living in the combined affected counties encompass 76 percent of the Texas population (more than 20 million Texans).

"The damage from the 2016 floods in Texas had a compounding affect from those that occurred in 2015," said Texas General Land Commissioner George P. Bush. "Many residents were unable to rebuild from the 2015 floods before the rains began again."

When considering the impact suffered by Texas in both 2015 and 2016 and the allocation of less than $200 million, the state estimates a shortfall of $2 billion in unmet long-term recovery needs. To determine state awards, HUD considered overall impacts to housing. In total, more than 102,000 households experienced some level of damage.

The Community Development and Revitalization (CDR) program of the Texas General Land Office administers the Community Development Block Grants for Disaster Recovery (CDBG-DR) on behalf of the state. These grants can be used for a wide variety of activities including housing redevelopment, business assistance, and infrastructure repair.

Texas General Land Office
Infrastructure & Transportation
http://www.glo.texas.gov/the-glo/news/press-releases/2016/october/hud-awards-45-million-to-texas-for-historic-2016-flooding-long-term-recovery-efforts.htmlRead more at {Source}
AmeriPac signs 119,717-sf industrial leaseAmeriPac signs 119,717-sf industrial leasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149922016-10-25T05:00:00Z2016-10-25T16:00:00Z

​​​DALLAS – AmeriPac Inc., a contract packaging and fulfillment company, has leased a 119,717-sf industrial facility at 1000 N. 28th Ave.

The property is a part of AmeriPac’s expansion and will be used in conjunction with its current facility, which is across the street.

The new facility, located at DFW International Airport, has 10,709 sf of office space, a 30-foot clear height, and 22 dock-high loading doors. The space will be fully climate controlled.

Cushman & Wakefield negotiated the lease on behalf of AmeriPac.

Cushman & Wakefield
Dallas-Fort Worth-Arlington
Read more at {Source}
20-story condo tower opens in Houston's museum district20-story condo tower opens in Houston's museum districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149942016-10-25T05:00:00Z2016-10-25T16:00:00Z

​​HOUSTON – The Carter, a 305-unit residential high-rise, has opened on Chelsea Blvd. just east of Montrose Blvd. in the city's museum district.​

StreetLights Residential was the developer.​

Located at 4 Chelsea Blvd., The Carter has one-, two-, and three-bedroom units, along with four townhomes and five penthouses. Units range from 723 to 3,329 sf.

GDA Architects designed the building. Landscaping was by Lynda Tycher & Associates. StreetLights Residential and 5G Studio oversaw interior design. Lincoln Property Company is the property manager. SLR Texas Construction was the general contractor.

C. Pharr & Company
Houston-The Woodlands-Sugar Land
Read more at {Source}
Hospitality industry creating jobs in Waco area ADD statsHospitality industry creating jobs in Waco area ADD statshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149822016-10-24T05:00:00Z2016-10-24T21:00:00Z

WACO - The hospitality industry continues to create jobs in the market, which saw its September 2016 unemployment rate dip from August 2016 according to figures released by the Texas Workforce Commission and the U.S. Bureau of Labor Statistics​.

The jobless rate for the Waco Metropolitan Statistical Area, which includes McLennan and Falls counties, was 4.3 percent.

The local economy created an estimated 2,500 new jobs within the past year, with 900 in the leisure and hospitality category that includes lodging establishments and restaurants, the Bureau of Labor Statistics said in its report.

Besides leisure and hospitality’s 900-job increase the past 12 months, the Waco MSA has enjoyed growth in education and health services (600 new jobs); manufacturing, professional and business services, and trade, transportation and utilities (300 new jobs each); and construction and financial activities (100 new jobs each).

Waco Tribune-Herald
http://www.wacotrib.com/news/business/hospitality-industry-creating-jobs-in-waco-area/article_220ae271-10d0-5905-bc70-286269f52cef.htmlRead more at {Source}

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