Fort Worth acquisition first North Texas property for investment firmFort Worth acquisition first North Texas property for investment firmhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299012023-09-19T05:00:00Z2023-09-21T22:00:00Z

FORT WORTH – A multifamily acquisition marks real estate investment firm Calvera's first North Texas property.

Located at 2925 W Normandale St., the 192-unit Saddlehorn Vista Apartments will undergo rebrandin​g and new signage as well as renovations on landscaping and common areas.

Calvera has properties in Austin; Carrboro, N.C.; and Oakland, Calif. totaling $113 million.​​

Dallas Business Journal
Dallas-Fort Worth-Arlington
https://www.bizjournals.com/dallas/news/2023/09/18/calvera-acquisition-fort-worth.htmlRead more at {Source}
MEI expands at Doerr Lane Logistics CenterMEI expands at Doerr Lane Logistics Centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299022023-09-19T05:00:00Z2023-09-21T22:00:00Z

SCHERTZ – MEI Rigging & Crating has renewed its lease at Doerr Lane Logistics Center, located at 9807 Doerr Ln.

In addition, the company expanded by 78,362 sf and now occupies 191,297 sf.

Atlanta-based Ackerman & Co. and Baltisse US Inc. represented the landlord in the lease negotiations, while ATCAP Partners represented the tenant.

San Antonio-New Braunfels
https://rebusinessonline.com/mei-rigging-crating-signs-industrial-lease-expansion-renewal-in-schertz-texas/Read more at {Source}
30-story office tower going up near Klyde Warren Park30-story office tower going up near Klyde Warren Parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299072023-09-20T05:00:00Z2023-09-21T22:00:00Z

DALLAS – A 30-story office tower will begin construction next to Klyde Warren Park by the end of 2023 and open in 2027.

Located at the corner of North Harwood St. and Woodall Rodgers Fwy., the 500,000-sf Bank of America Tower at Parkside will have a 12th floor Sky Lobby and Lounge with tenant space and a coffee and cocktail bar, as well as outdoor terraces. 

Bank of America will occupy 238,000 sf of the tower.

Pacific Elm Properties and KDC are the project developers and Kohn Pedersen Fox designed it.​

Dallas-Fort Worth-Arlington
Read more at {Source}
118-acre mixed-use to break ground in Cedar Park next year118-acre mixed-use to break ground in Cedar Park next yearhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299082023-09-20T05:00:00Z2023-09-21T22:00:00Z

CEDAR PARK – Documents filed with the Texas Department of Licensing and Regulation indicate construction on CPM Development LLC's 118-acre mixed-use project at 750 E. New Hope Dr. could begin early next year.

The project could eventually reach five million sf of commercial space.

The development is slated to have a 250-room, full-service hotel; 30K-sf convention center; 250,000 sf of retail; 700,000 sf of warehouse space; and a 500,000-sf Nebraska Furniture Mart.

Filings indicate there are two tenants lined up: Scheel's sporting goods store and PopStroke, a miniature golf and dining concept.

In 2021, the city committed to providing $45 million in rebates to the company if they invested $400 million in the city, created 725 new jobs in the first year, and made all surrounding infrastructure improvements in return.

The entire project is expected to generate $435 million in tax revenue in its first 25 years of operation.

The project is expected to reach full completion in 2026.​

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2023/09/19/nebraska-furniture-mart-cedar-park-austin-tenants.htmlRead more at {Source}
Applied Materials Inc. signs on at 130 Crossing industrial parkApplied Materials Inc. signs on at 130 Crossing industrial parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299092023-09-20T05:00:00Z2023-09-21T22:00:00Z

​PFLUGERVILLE – Silicon Valley-based Applied Materials Inc. is listed as the tenant for an "interior warehouse finish out" project in 160K sf at the 130 Crossing industrial park.​

Construction of the building at 3100 E. Pecan St. is estimated to cost $850,000 and is scheduled to start in November and be finished by January. It's part of a third phase that will add three buildings and roughly 490,000 sf to the five existing buildings in the Class A industrial park.

The first two phases had 675,000 sf collectively. The business park will eventually total more than one million sf and could create at least 525 jobs.

Ironwood Realty Partners LLC is the developer and owner. Stream Real Estate represented the landlord.

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2023/09/20/applied-materials-pflugerville-austin-semi-supply.htmlRead more at {Source}
Construction tops out on latest Pegasus Park phaseConstruction tops out on latest Pegasus Park phasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298892023-09-18T05:00:00Z2023-09-21T21:00:00Z

DALLAS – The next phase of the 26-acre Pegasus Park life sciences campus is nearing completion.

The structure of a new 135,000-sf research and development building at 3020 Pegasus Park Dr. will be completed next month. The interior of the building, called Bridge Labs, will be finished in mid-2024.

Swinerton partnered with Montgomery Street Partners on construction. Property Management Advisors and Perkins & Will Architects are also on the team. 

Pegasus Park is being developed by J. Small Investments and Lyda Hill Philanthropies.​

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/09/14/next-phase-moves-ahead-at-dallas-blossoming-biotech-hub-pegasus-park/Read more at {Source}
Townhomes coming to master-planned Woodforest communityTownhomes coming to master-planned Woodforest communityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298792023-09-15T05:00:00Z2023-09-21T20:00:00Z

MONTGOMERY – Highland Homes is developing a townhome project in Woodforest, a 3,000-acre master-planned community.

The development will have 86 townhomes, each with three bedrooms, two and a half baths, and two car garages. Units will range from 1,761 to 2,297 sf and be priced starting at $400,000.

Preselling is expected to begin in late fall 2023.​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
https://communityimpact.com/houston/conroe-montgomery/development/2023/09/12/highland-homes-plans-new-townhome-development-in-woodforest/Read more at {Source}
66K-sf waterless slide park slipping and sliding into Katy66K-sf waterless slide park slipping and sliding into Katyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298922023-09-19T05:00:00Z2023-09-21T19:00:00Z

​KATY – Slick City Action Park, an indoor waterless slide park, is expected to open this October at 5000 Katy Mills Circle.

The 66,000-sf park will have multiple slides, a trapeze, swing, zip line, silks, obstacle course, air courts, mini go-karts, over 5,000 sf of events space for parties, City Café, and more.​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
https://communityimpact.com/houston/katy-fulshear/development/2023/09/18/slick-city-action-park-to-open-in-first-texas-location-in-katy-mills-in-october/Read more at {Source}
Financial service giant’s Westlake campus to undergo expansionFinancial service giant’s Westlake campus to undergo expansionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298902023-09-18T05:00:00Z2023-09-20T22:00:00Z

​WESTLAKE – Deloitte LLP will break ground in January on the $300 million expansion of its campus in Circle T Ranch.

First up for the 700,000-sf Deloitte University Campus is a 257,000-sf, five-story building with classrooms, meeting rooms, outdoor roof terrace, food and beverage, and 300 guest rooms. That building is expected to open in 2025. 

Tarrant County approved $5 million in tax breaks for the expansion.

The project is designed by Gensler Architects and owned by Deloitte LLP.​​

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/09/18/deloitte-to-start-work-on-huge-addition-to-westlake-campus/Read more at {Source}
Upscale RV park planned near Alamodome . . . for nowUpscale RV park planned near Alamodome . . . for nowhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298262023-09-06T05:00:00Z2023-09-20T21:00:00Z

​​​SAN ANTONIO – Local developer Craig Glendenning is planning a luxury RV park minutes from the Alamodome, but only for the short term.

When the market improves, he says he want to turn the site at 509 Delaware St. and 1008 and 1012 Hoefgen Ave. into a dual apartment and hotel project.

The lots are intended for a 300-unit apartment complex or a 270-unit hotel, according to Glendenning. He plans to have the RV park running for five to seven years. The park will be open for short-term rentals up to 30 days at about $75 per day.

The future mixed-use project would add to the burgeoning hotel options that are sprouting up around the Alamodome in downtown's eastern outskirts.

Glendenning added that about $2 million would be invested in paving the site and building out the amenities.

The lots were purchased in 2020 and have a combined assessed value of about $1.7 million.

San Antonio Business Journal
San Antonio-New Braunfels
https://www.bizjournals.com/sanantonio/news/2023/09/06/rv-park-near-alamodome.htmlRead more at {Source}
Bartonville luxury development in the works Bartonville luxury development in the works https://www.recenter.tamu.edu/news/newstalk-texas/?Item=298502023-09-08T05:00:00Z2023-09-20T21:00:00Z

​​​BARTONVILLE – A luxury custom home project is under development with 30 available lots.

The 87-acre development will have two-acre lots with custom homes starting at 4,800 sf and $3 million. Some lots have space for horses.

Cana Capital is the developer. Builders includ Lingenfelter Custom Homes, Pentavia Custom Homes, and Denton Creek Builders. 

The project is near the Lantana master-planned community.

Dallas Business Journal
Dallas-Fort Worth-Arlington
https://www.bizjournals.com/dallas/news/2023/09/07/luxury-homes-bartonville-argyle-sharma-group.htmlRead more at {Source}
Midland multisport complex expansion plannedMidland multisport complex expansion plannedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298872023-09-18T05:00:00Z2023-09-20T20:00:00Z

MIDLAND – Midland Athletic Syndicate plans to build a 115K-sf addition to the Scharbauer Sports Complex just off Loop 250 Frontage Rd.

The new two-story indoor facility will have volleyball, basketball, and indoor soccer courts, and an open gym. The facility will also have locker rooms, concession sales, spectator seating, and rooms for meetings and education.

It will be used for sports leagues, community events, and possibly statewide sporting events.

Construction will cost around $35M, with all funds coming from nonprofit and private donations.

The city will lease the land to the organization for the next 99 years.

Leaders of the Midland Athletic Syndicate are expected to break ground within the first quarter of next year. Completion is expected within 12-18 months.​

Public Facilities
https://www.cbs7.com/2023/09/14/local-nonprofit-takes-next-step-toward-building-new-sports-complex/Read more at {Source}
New Eaton facility to boost El Paso job marketNew Eaton facility to boost El Paso job markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298952023-09-19T05:00:00Z2023-09-20T20:00:00Z

EL PASO – A power management company is expanding and bringing hundreds​ of jobs to the borderland.

Eaton announced the expansion of its manufacturing operations, which includes the purchase of a new facility in El Paso, the creation of more than 600 jobs, and an $80 million investment.

A spokesperson for Eaton said the company also looked at Albuquerque, Phoenix, and Dallas, but El Paso beat those cities because of how close it is to Eaton's Juarez plant.

With its latest investment, Eaton plans to increase manufacturing of electrical grid components such as low-voltage breakers, switchboards, panelboards, and assemblies.

El Paso
https://kfoxtv.com/news/local/eatons-80-million-investment-to-bring-over-600-jobs-to-el-paso-texasRead more at {Source}
1,850-acre Red River county meat-processing and residential project underway1,850-acre Red River county meat-processing and residential project underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298962023-09-19T05:00:00Z2023-09-20T20:00:00Z

RED RIVER COUNTY – A 1,850-acre meat-production and residential project south of the Oklahoma border will create $1.5 billion in taxable value.

Located at the intersection of FM 410 and CR 2356, the $900 million Living Waters development will have 1,420 home sites starting at $99,500, a 5,000-ft runway for small jets, five lakes, beef and fish processing plants, and two greenhouses. 

Construction on two dams has begun, and residential construction will begin by the end of 2023 and take end in five to six years. 

The runway will be completed within months. Sixty to 70 lots with their own hangars will be along the runway.

Several hundred acres will be farmland focusing on cattle. The project will be able to produce 50 million pounds of beef and five million pounds of salmon. The beef plant will open in October and create up to 130 jobs.

The project is developed by Prime Harvest Inc. and marketed by Century 21 Judge Fite.​

Dallas Morning News
NonMSA Texas
https://www.dallasnews.com/business/real-estate/2023/09/19/15-billion-project-to-bring-lakeside-homes-runway-meatfish-plants-along-red-river/Read more at {Source}
UH developing $130M Football Operations CenterUH developing $130M Football Operations Centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298912023-09-19T05:00:00Z2023-09-20T19:00:00Z

HOUSTON – The University of Houston's new $130 million football facility is underway following a sponsorship from Memorial Hermann Health System.

The 105,000-sf Mermorial Hermann Football Operations Center will house the university's football program and have sports performance centers, an academic support services suite, new locker room, student athlete flex space, and open space for coaches and staff.

It will be connected to TDECU Stadium on the west side and have additional premium seating options.

It will add 14 suites, a 450-seat club section with access to an 11,000-sf club, and a 300-seat roof terrace to the venue's offerings.

The facility will break ground after the 2023 season and open prior to the 2025 season.​

Houston Business Journal
Houston-The Woodlands-Sugar Land
https://www.bizjournals.com/houston/news/2023/09/15/university-houston-memorial-hermann-football-deal.htmlRead more at {Source}
UT Health East Texas breaks ground on $12M facility in TylerUT Health East Texas breaks ground on $12M facility in Tylerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298942023-09-19T05:00:00Z2023-09-20T19:00:00Z

TYLER – UT Health East Texas has broken ground on a two-story, 20,000-sf facility on Old Jacksonville's Highway.

The $12 million orthopedics and sports medicine services facility will also house urgent care, a diagnostic and imaging facility, and outpatient rehabilitation.

The first floor will have ext​​ending-hours urgent care, imaging center, and outpatient physical therapy. The urgent care will have an orthopedic emphasis and will provide walk-in care for minor illnesses and injuries.​

The second floor will be dedicated to UT Health's growing orthopedics and sports medicine specialties.

Completion is anticipated for mid to late 2024.​

https://uthealtheasttexas.com/news/ut-health-east-texas-breaks-ground-12-million-new-facilityRead more at {Source}
Partners Capital sells Triangle Center to California buyerPartners Capital sells Triangle Center to California buyerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298832023-09-15T05:00:00Z2023-09-19T22:00:00Z

​AUSTIN – Partners Capital has sold the 58,929-sf Triangle Center at 2000 N. Mays St. to San Francisco-based Catalyst Real Estate.

The property is on 4.9 acres and includes major tenants NAPA Auto Parts, Sherwin Williams, and Starbucks.

The property was most recently appraised at $9.8 million.

SRS Real Estate Partners represented the seller, and Catalyst represented itself.​

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2023/09/08/partners-sells-round-rock-shopping-center.htmlRead more at {Source}
Vacant Dallas office getting renovated, adding six-story muralVacant Dallas office getting renovated, adding six-story muralhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298632023-09-12T05:00:00Z2023-09-19T21:00:00Z

​DALLAS – A 40-year-old office building will receive $8 million in renovations, including getting a six-story mural by Daisuke Okamoto on the building's exterior.

The 110,000-sf building at 2501 Cedar Springs will have a new lobby, ground-floor restaurant, tenant conference center, and an improved parking garage.

Previously occupied by Enlink Midstream, the vacant office building is owned by Mexico-based Grupo Haddad and marketed by Newmark Group.​

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/09/12/uptown-dallas-office-building-becomes-latest-to-get-upgrades/Read more at {Source}
JV completes industrial spec project near Port HoustonJV completes industrial spec project near Port Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298772023-09-15T05:00:00Z2023-09-19T20:00:00Z

​BAYTOWN – A joint venture between Stream Realty Partners and Principal Asset Management has completed Portside Logistics Center, a one million-sf speculative industrial project at 4838 Borusan Rd.

The facility consists of an expandable 760,000-sf, cross-dock building and a flexible 260,000-sf, front-load building.

The structures offer 40- and 36-ft heights, respectively, as well as office space and fully fenced truck courts.

The building can accommodate tenants seeking 122,971 to one million sf. 

Stream Realty Partners is also the leasing agent for the property.​

Houston-The Woodlands-Sugar Land
https://rebusinessonline.com/stream-realty-principal-asset-management-complete-1-msf-spec-industrial-project-near-port-houston/Read more at {Source}
Oak Cliff middle school to begin $80M replacement projectOak Cliff middle school to begin $80M replacement projecthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298602023-09-12T05:00:00Z2023-09-19T19:00:00Z

​DALLAS – An Oak Cliff middle school will be demolished started in March to make way for a replacement school.

Located at 2001 E Kiest B​​​lvd., the 161,000-sf John Lewis Social Justice Academy at Oliver Wendell Holmes will​​ have a capacity of 800 to 900 students and cost $8​​​0 million. Nearly $60 million will go toward the first phase of demolition and rebuilding. 

The school will open in January 2025 and be completed in summer 2025.

The project is designed by VLK Architects Inc. It is a part of Dallas ISD's 2020 bond package.

Formerly the Oliver Wendell Holmes Junior High School, the school was built in the 1950s.​

Dallas Business Journal
Dallas-Fort Worth-Arlington
https://www.bizjournals.com/dallas/news/2023/09/11/john-lewis-social-justice-holmes-vlk-architects.htmlRead more at {Source}

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