{{titleBar.title}}

​​​​DALLAS – An affiliate of TIAA-CREF has purchased the 150,000-sf high-rise, located at 3131 McKinney Ave., from Invesco Advisers Inc.

The building, which is more than 80 percent leased, sold for more than $330 per sf. 

​Che​ck out Dallas-Fort Worth-Arlington Office Market Research.

​​​​PLANO – Children’s Health Plano, a new specialty center for rehabilitation and prevention of sports injuries, surgery, training, and nutrition is open.

The four-story, 200,000-sf facility houses the hospital’s Andrews Institute for Orthopaedics & Sports Medicine and Sports Performance, a service center, imaging center, and physicians’ clinics.

The new building is located at 7211 Preston Rd.

​​​​HEWITT – A 256-unit apartment complex, The Icon at Hewitt, has opened at 201 Ritchie Rd.

As previously reported by the Waco Tribune-Herald, the facility was built on 13 acres for $30 million.

The high-end community offers one- and two-bedroom floorplans ranging from $939–$1,339 per month.​​

​In other news, Cracker Barrel Old Country Store chain has broken ground next to Hewitt’s Walmart Supercenter at Sun Valley Blvd. and I-35. ​Opening is planned for November 2018.

​​​​​DEL VALLE, MANOR – Annual housing starts have steadily climbed in both cities since 2014, yet the market really started heating up in the past of couple years, Metrostudy data show.

In Del Valle, construction has started on 1,020 new homes in the 12-month period ending in first quarter 2018, compared to only 279 home starts in the same period ending in 1Q 2014.

In Manor, housing starts over 12 months hit 1,210 homes in first quarter, up from 502 four years earlier.

Developers say the growth spurt is fueled by buyers’ quest for affordability, as most homes in the new communities range from $200,000–$400,000.

​​IRVING – Hines has acquired DFW East Logistics Center, a 260,000-sf industrial park located at 4400 and 4450 W. Walnut Hill Ln, from Bradford Commercial Real Estate Services.

Situated on an 18-acre site, the three-building asset features a total of 84 dock-high and six grade-level loading doors, as well as more than 300 parking spaces.

At the time of sale, the property was 15 percent occupied.

Tenants include Universal Health Services and Bisco Industries.

The facilities are situated in the vicinity of President George Bush Turnpike and about six miles from DFW International Airport and I-635.​​

​Check out DFW Industrial Market Research.

​​SAN ANTONIO – The first mass timber frame mixed-use building in Texas, at the intersection of Broadway St. and Eighth St.

The building will be 150,000 gross sf, with 130,000 sf of office space and 10,000 sf of retail on the ground floor.​

The building will also feature underground parking.

The building will use mass timber frame construction in lieu of concrete or steel.

​Check out​ San Antonio Office Market Research.

​​​​DALLAS – The Big D skyline has a lot more room to grow if researchers have it right.

Dallas already has one of the busiest downtowns with new apartments and retail developments, office buildings opening, and a program to build four new downtown parks.

But there's even more property available to ramp up construction in downtown Dallas, according to a new report by researchers at Yardi Systems Inc.

​​HOUSTON – Hines has acquired Broadstone Tinsley Park from Crow Holdings at 919 Gillette St.

The complex is a 365-unit, 311,290-sf luxury multifamily community that is currently 23.3 percent vacant.

As part of the deal, the community was renamed Tinsley On The Park. 

​​​HOUSTON – Lakeside Country Club, located at 100 Wilcrest Dr., will soon break ground on its $32 million rebuild and renovation after sustaining significant damage from Hurricane Harvey.

​Click here to view Transwestern's 1Q 2018 DFW Multifamily Metro Outlook.​

Check out more DFW Multifamily Market Research.

​SHENANDOAH – Sam Moon Group officials named ​Hyatt House as one of the hotels featured in the new MetroPark Square—a 69-acre, mixed-use development.

The under construction property is at the southeast intersection of I-45 and Hwy. 242.

The 160-room extended stay hotel will feature studios, one- and two-bedroom kitchen suites, and den guestrooms.

MetroPark Square itself is slated to open in October 2018.

​SAN ANTONIO – With a foundation rooted in the U.S. military, tourism, healthcare, and international trade, the Alamo City carries its strong and vibrant economy into its 300th anniversary.​

It continues to expand its inventory of office space, according to Cushman & Wakefield’s San Antonio Office first quarter 2018 report.

The amount of new office space under construction has more than doubled from 1Q 2017 to 1Q 2018—with average rental rates increasing 70 cents per sf.

See San Antonio Office Market Research to see the latest.

​​​​​​​​​SUGAR LAND – The Wedge Group acquired the Three Sugar Creek office property located at 3 Sugar Creek Center Blvd.

​​​​​AUSTIN – A rendering of what the future 11-acre pond could look like at Parmer Innovation Center in Northeast Austin.

Developers hope residents of The Domain and hundreds of office workers will enjoy walks, concerts and beer.​

A four-story, 116,000-sf spec-office space in the 300-acre Parmer Innovation Center at 319 E Parmer Ln. should be completed in August 2018.

​Check​ out Austin Office​, Retail, and Multifamily Market Research. ​

​​​DALLAS – Developers are rebranding the historic neighborhood—Deep Ellum—on the east side of the Central Business District as the East Quarter.

The name change is part of a redevelopment plan for more than two dozen historic buildings and construction sites along Cesar Chavez Blvd., Commerce St., and Jackson St.

Developer Todd Interests unveiled plans for the makeover of 1920s and 1930s buildings at the recent groundbreaking.

Todd Interests plans to convert most of the 18 brick commercial buildings into a combination of office and retail space.

"This is a neighborhood that's been over 100 years in the making," said Todd. "Some think it's the best-kept secret in our city."

​

CENTERVILLE, LEON COUNTY – The 5,000-acre Champion Ranch— located midway between Dallas and Houston along I-45—has hit the market.

The property includes an owner’s home on a 78-acre lake, as well as several barns, eight guest and ranch houses, and a 16-person bunkhouse.

A 2,200-sf on-property saloon also offers two bars, a piano, sound system, and seats for 180 guests.

Included in the sale will be 1,000 head of purebred Brangus breeder cattle, horses, and ranch equipment, along with 100 percent of the oil and gas rights on the property.

​​ARGYLE, DENTON COUNTY – A new neighborhood, Harvest Townside, is aiming at buyers wanting a smaller, more affordable house—both empty nesters and younger buyers.

Harvest Townside will feature patio homes starting near 1,500 sf and priced beginning in the $260,000s.

The project near I-35W is planned for more than 3,000 homes.

​Check ​out DFW Housing Market Research.

HOUSTON​​​​ – Yorktown Plaza, a roughly 200,000-sf office complex, and its accompanying retail development will be demolished and transformed into anything from a retail, mixed-use, office space, or hospitality development in around five years or less.

​​​​​​AUSTIN – Developers for the Grove at Shoal Creek got a long-awaited stamp of approval for their plans for the mixed-use community.

​Check out Austin Retail and Multifamily Market Research.

​​HOUSTON – Giorgetti, the luxury condominium project named after a high-end Italian furniture maker, broke ground in May 2018. 

​RELATED: ​Giorgetti Houston lux to Upper Kirby​