Hot housing submarket trio to watchHot housing submarket trio to watchhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156372017-01-24T06:00:00Z2017-01-25T01:10:00Z

​​​​SAN ANTONIO – San Antonio's housing market has been on steady path upward over the past couple of years, a handful of submarkets have emerged as leaders to the rest and they are all over the map.

Real estate brokerage and data firm, Redfin, has deemed Lavaca, Sonoma Ranch and Mahncke Park to be 2017's hottest submarkets to watch.

The firm puts together lists for areas it predicted would become increasingly popular throughout the year.

According to Redfin's local real estate agent, Melanie Salas, Lavaca has always been a go-to neighborhood that is quiet and quaint and also really close to downtown.​

Lately the city has been popular with all of the transplants moving from Washington D.C., New York and other big cities.

The median price for a home in the area is approximately $282,500.

Piggybacking on the massive amounts of new development and employment growth, Sonoma Ranch—located in the greater Helotes area—fell in second place on Redfin's 2017 list.

The median price for a home in Sonoma Ranch is more than $353,000.

Mahncke Park lands back in the city's urban area and has become a leading choice for homebuyers that want easy access to the amenities at Pearl and along the lower Broadway corridor.

The median price for a home in the area is nearly $344,000.​

San Antonio Business Journal
San Antonio-New Braunfels

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Weitzman 2016 retail revisited, forecast 2017Weitzman 2016 retail revisited, forecast 2017https://www.recenter.tamu.edu/news/newstalk-texas/?Item=156092017-01-24T06:00:00Z2017-01-25T01:00:00Z


NORTH TEXAS – Dallas-Fort Worth’s retail market ended 2016 with 92.6 percent occupancy, an increase of a full percentage point over year-end 2015’s 91.6 percent occupancy, according to Weitzman's 2017 Retail Survey and Forecast​.

The occupancy rate exceeds the previous 32-year record for the market, a 92 percent occupancy rate achieved in the boom year of 1984​​.​

The new occupancy rate is a result of overall market vacancy dropping to 7.4 percent. ​​​​

Check out the submarket maps of all areas in the Weitzman report for DFW, Austin, Houston and San Antonio.​​

Dallas-Fort Worth-Arlington

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Top story 2016: Pearland, Friendswood major investmentsTop story 2016: Pearland, Friendswood major investmentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156342017-01-24T06:00:00Z2017-01-25T00:45:00Z

​​​PEARLAND, FRIEND​SWOOD – In recent years, the City of Pearland and the Pearland Economic Development Corportaion (PEDC) began pursuing major business growth throughout the nearly 73-square-mile city limits.​​​​

Although the City of Friendswood has less undeveloped land for growth, officials hope to attract more businesses to its downtown area through revitalization efforts and incentive programs.

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Market Overview

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North Texas housing breakdown Dec. 2016North Texas housing breakdown Dec. 2016https://www.recenter.tamu.edu/news/newstalk-texas/?Item=156062017-01-24T06:00:00Z2017-01-25T00:10:00Z

​​​​​​​​DFW AREA – North Texas Real Estate Information Systems (NTREIS) December 2016 homes sales are available. 

The release date was January 10, 2017.

The median price of existing single-family homes increased to $220,000 up 0.0 percent vs November 2016.

Existing single-family home sales increased 1.2 percent from November 2016 for a December 2016 total of 6,655 sold units.

Condos increased in price to $190,750 up 9.0 percent vs November 2016.

Existing condo sales increased 2.1 percent in December 2016 over November 2016 for a total of 446 sold units.​
Prudential Ada, Realtors®
Dallas-Fort Worth-Arlington

​See DFW AREA Housing Market Research.​

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Houston No. 1 in 2016 apartment supply; rents slideHouston No. 1 in 2016 apartment supply; rents slidehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156192017-01-24T06:00:00Z2017-01-25T00:00:00Z

​​​ HOUSTON – A huge wave of new apartment completions late in the year pushed Houston to the top of the national rankings for new apartment supply in 2016.

Such new supply volumes, combined with lingering uncertainty about the health of the energy sector, perpetuated rent cuts across much of the metro.​

A slew of new properties moving through initial lease-up at the end of 2016 fueled unusually strong demand for 5,283 units in fourth quarter 2016.

Apartment properties finished during the final three months of the year in Houston totaled 8,193 units.

The late 2016 additions marked the metro’s biggest block of quarterly new supply since the late 1990s and landed Houston atop the national leaderboard for new supply in fourth quarter 2016.

Houston also led all metros nationally for completions in 2016. The Bayou City metro received 22,471 units this year, a multi-decade high. 

Monthly rents now average $1,018 in metro Houston.​​

Year-end 2016 apartment occupancy stood at 93.2 percent in Houston, down from 93.8​ in late 2015. ​

Real Page
Houston-The Woodlands-Sugar Land

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Commercial Gateway speaks! Houston 4Q 2016 industrial statsCommercial Gateway speaks! Houston 4Q 2016 industrial statshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156482017-01-24T06:00:00Z2017-01-25T00:00:00Z

​​​​HOUSTON – Houston’s industrial market continued to expand during fourth quarter 2016 with positive direct net absorption of 1.0 million sf, according to statistics compiled by Commercial Gateway​.

Absorption for 2016 totals a positive 8.5 million sf, with almost half of that attributed to the third quarter occupancy of Daikin Industries’ 4 million-sf manufacturing and distribution facility—reported as the largest concrete tilt-wall building in the world.
This quarter’s absorption represents the 28th consecutive quarter—over six years—of positive absorption, with seven quarters recording more than 2 million sf each and more than half recording more than 1 million sf. 

The year-end absorption totals include almost 5.7 million sf of warehouse-distribution space along with 4.2 million sf of manufacturing space.
© Copyright 2017 Commercial Gateway, the Commercial Division of the Houston Association of REALTORS®
Commercial Gateway
Houston-The Woodlands-Sugar Land

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TexPharma production to 210,000-SF facilityTexPharma production to 210,000-SF facilityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=155412017-01-24T06:00:00Z2017-01-24T23:45:00Z


ROSENBERG – TexPharma will build a 210,000-sf facility in Rosenberg Business Park to house production and bottling operations for nutraceutical and pharmaceutical vitamins, dietary supplements and other items. 

It initially will house 80 employees and eventually could grow to up to 500 employees.

TexPharma LLC plans to consolidate operations from several locations nationwide into the Rosenberg Business Park.

Fort Bend County Commissioners Court approved a seven-year, 60 percent tax abatement for the company.

In November 2016, the Rosenberg City Council also approved a seven-year, 60 percent tax abatement.

Construction is expected to begin soon on a 210,000-sf building—the first phase of a $21 million complex on 19.1 acres that TexPharma bought in the park.
Houston Business Journal
Houston-The Woodlands-Sugar Land

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Breaking down breakbulk: Texas ports offload $503BBreaking down breakbulk: Texas ports offload $503Bhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156072017-01-24T06:00:00Z2017-01-24T23:35:00Z

​​TEXAS GULF COAST – Total global trade for Texas ports is estimated to be valued at more than $503 billion annually.

The Port of Houston ranks as the top breakbulk cargo port in the U.S., and the other Texas ports of Corpus Christi, Brownsville, Houston, Galveston, Freeport, Beaumont, and Port Arthur are also important to this highly specialized segment. 

Major breakbulk commodities for these Texas Gulf Coast ports include steel, forest products (wood pulp in particular), wind energy production components, and the many feedstocks and products related to the energy industry.

Unlike other land-constrained U.S. port markets, Texas ports have a significant contingent of land available for development—totaling 76,000 acres. 

Ports of Brownsville, Corpus Christi, Freeport and Houston have the most acreage available, which will ultimately lead to occupier demand.​

Container shipping is clearly the dominant form of shipping goods, so why do shippers prefer container vessels to breakbulk vessels?​​ ​​First, size matters; a large majority of breakbulk cargo is too large or unusually shaped to fit efficiently in a container.  ​

CBRE makes better sense of this full report here.
Houston-The Woodlands-Sugar Land
Infrastructure & Transportation

See Houston Economy Market Overview.​

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Silver tsumani hits Texas senior housing? The 'burbs'Silver tsumani hits Texas senior housing? The 'burbs'https://www.recenter.tamu.edu/news/newstalk-texas/?Item=156282017-01-24T06:00:00Z2017-01-24T23:00:00Z

​​​​​TEXAS – As the aging population in Texas continues to grow, so does the demand for available units in the senior living market.

Cadence McShane Construction VP of Housing and Senior Living Dave Tague and Director of Business Development Sue Lehrer said the future of construction for senior living in Texas is healthy, particularly in the suburbs. 

Seniors nationwide are relocating to housing facilities designed to meet their unique needs.​​

​The Gulf Region harbors an especially strong demographic of retirees with pensions socked away.

The area's perennially expanding petrochemical industry has attracted many 45- to 60-year-old transplants, who are later followed by their senior parents. 

Texas’ senior living boom has caught the attention of—and is in part fueled by—foreign investors who are funneling capital into the “silver tsunami” of senior living opportunities throughout the state. 

The push to the suburbs is driven partially by concerns of urban oversaturation. 

Senior living demand has eased up in the densely populated Dallas, Houston, Austin and San Antonio metro areas. 

Investors are beginning to get fearful of overbuilding in some of the larger metropolitan areas and are now looking at smaller towns where options for senior living are more limited. 
Dallas-Fort Worth-Arlington
Senior Living

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Austin retail market remains stable in uncertain timesAustin retail market remains stable in uncertain timeshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156292017-01-23T06:00:00Z2017-01-24T23:00:00Z

​​AUSTIN – As many retailers face uncertain futures, retail developers and leasing executives are comparing success notes. 

​While there isn't actually a formula to retail success, some centers seem to have perfected the secret sauce. ​

Retail disruption is happening faster than anyone expected. 

Austin has historically been a great supporter of local retailers, but those concepts can’t sustain a city’s economy alone. 

Credit tenants can be more attractive to developers when considering volume of sales, but finding the right mix of local tenants can create just as strong of a tenant mix because people—Austinites especially—want to shop small for authentic and unique goods. 

Centers need a balance of national and regional names, and restaurants and services.

Endeavor’s 1,600-acre mixed-use Belterra Village project in Dripping Springs will have 300,000 sf of retail and restaurant space. 

While it was rare to see fitness or experiential anchor tenants five or seven years ago, these days it’s accepted. 

Belterra Village will be anchored by Sky Cinemas and Gold’s Gym. 
Austin-Round Rock

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Trinity University secures a neighborTrinity University secures a neighborhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156402017-01-24T06:00:00Z2017-01-24T23:00:00Z

​​​SAN ANTONIO – The sale of City Vista Apartment complex, sitting on Trinity University's back yard for the past couple of years, has closed.

The 141-unit property has been acquired by Trinity University, which allows them to expand their student residential options and avoid new construction.

According to public records, the property at 655 E. Hildebrand carries an appraisal value of approximately $27.5 million.​​​​

The property built in 2015, was 96 percent occupied at time of the sale with the majority occupants being students.

City Vista was initially developed as a Class A high-rise by the former Koontz McCombs entity.

The rent for a one-bedroom unit starts at $1,290 and goes up to $3,075 for a three-bedroom unit.

The university will keep current leases intact, but will begin transitioning it to student housing to be available for incoming fall 2017 residents.

San Antonio Business Journal
San Antonio-New Braunfels

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Exporting gas: LNG's name on 1,000 acresExporting gas: LNG's name on 1,000 acreshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156362017-01-24T06:00:00Z2017-01-24T22:50:00Z

​​​TEXAS CITY – The Woodlands-based NextDecade LLC has signed lease agreements for nearly 1,000 acres in Texas City, where it plans to build a multibillion-dollar liquefied natural gas export facility.

One lease agreement is with the city for almost 376 acres at Shoal Point, and the other is with the Texas General Land Office for the adjoining 618 acres of state land.

Located 40 miles southeast of Houston, Shoal Point is just east of Texas City’s major petrochemical industrial complex.

It would be the first such LNG facility in the area, according to NextDecade.​
Houston Business Journal
Houston-The Woodlands-Sugar Land

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Lake Houston area spot for 300 lux apartments, maybeLake Houston area spot for 300 lux apartments, maybehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156152017-01-23T06:00:00Z2017-01-23T21:00:00Z

​HOUSTON – A 17.9-acre site off West Lake Houston Pkwy. has been acquired by Martin Fein Interests Ltd., who plans a luxury apartment project near Lake Houston. 

The deal closed January 10, 2017. 

The multifamily developer plans to build a three-story garden-style apartment complex spanning about 300 units on the site, which sits a few miles north of Generation Park and is zoned to Humble Independent School District.

Martin Fein Interests is expected to break ground on the yet-to-be-announced project later in 2017. 

The new Fein apartments will rise near Generation Park, a massive mixed-use project, which is spurring a new wave of residential development in the West Lake Houston area northeast of Houston.
Houston Business Journal
Houston-The Woodlands-Sugar Land

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Experts see strong 2017 for Austin-area housing marketExperts see strong 2017 for Austin-area housing markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156322017-01-23T06:00:00Z2017-01-23T20:00:00Z

​​AUSTIN – ​2017​​ is expected to be another strong one for the Central Texas housing mark​et, according to the forecast local expert Eldon Rude delivered​ recently.

​Last week, the Austin Board of Realtors said the median home-sale price in the Austin-area hit a calendar-year record of $284,000, up 7.2 percent over 2016’s median.

With a continued low supply of available houses compared to demand, home prices are expected to keep rising this year, Rude said. 

Rude said the region has had a housing supply of less than four months for more than four years.

Austin area home starts

Metrostudy released its fourth-quarter and annual starts total for 2016 for the Austin-area.

Builders started construction on 14,462 houses last year, up 24.5 percent from 2015, Metrostudy reported.

During the last three months of the year, builders started work on 3,794 homes, a 39.1 percent jump compared with the final quarter 2015.

Nearly half—46 percent—of the quarterly starts were priced between $200,000 and $300,000, with the biggest increases coming along the Texas 130 corridor and down into Kyle and Buda, Metrostudy reported.
Austin American-Statesman
Austin-Round Rock

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Know the Skinny—IT HQ to Frisco developmentKnow the Skinny—IT HQ to Frisco developmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156082017-01-23T06:00:00Z2017-01-23T19:00:00Z

FRISCO – Frisco-based IT service provider Skinny IT plans to build​​​ a new North Texas headquarters in its home city, which will include office and warehouse space in Frisco's newest 216-acre business park. ​​

The company has an 8.89-acre tract within the business park under contract.

Plans are to build a new 130,000-sf facility in the business park, called Frisco Park 25.

Skinny IT is the first company to commit to Frisco Park 25—owned by the Frisco Economic Development Corporation.

The IT service provider plans to begin construction summer 2017, with completion slated for July 2019.

The new facility, which will serve as a central distribution center for North Texas, will include a full-service restaurant, in-house gym and other amenities for its employees.
Dallas Business Journal
Dallas-Fort Worth-Arlington

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H-E-B Hutto Plus! Whataburger drive-thru openingH-E-B Hutto Plus! Whataburger drive-thru openinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156312017-01-21T06:00:00Z2017-01-21T22:00:00Z

​​HUTTO – An H-E-B-branded convenience store is set to open on Monday, January 23, 2017, in Hutto and​ ​feature a 24-hour Whataburger drive-through.

It will be at 5000 Gattis School Rd., in front of Hutto's 121,000-sf​ H-E-B Plus that opened in November 2016.

In addition to Whataburgers, taquitos and other fast-food favorites, the Hutto H-E-B convenience store will also feature an assortment of grab-and-go foods such as pizza, salads, sandwiches and sushi. 

Cost of construction is estimated at $3.5 million, according to TDLR.

Austin American-Statesman
Austin-Round Rock

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A new way to save Muny—for a priceA new way to save Muny—for a pricehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156162017-01-20T06:00:00Z2017-01-21T00:15:00Z

​​AUSTIN – The University of Texas (UT) is offering to extend its lease of Lions Municipal Golf Course to the City of Austin beyond 2019—provided that the city is willing to pony up lease payments that are closer to market value.

The board has long contemplated leasing the 141-acre course and other portions of the university-owned Brackenridge Tract in West Austin for a major commercial and residential development, with lease payments benefiting the Austin campus.

UT System regents voted in 2011 against renewing the city’s lease for Lions Municipal when it expires in 2019.

To be sure, much has changed since the 2011 vote. 

Perhaps most notably, the National Park Service decided last year to add Muny to the National Register of Historic Places because of its significance in the civil rights movement.

Muny is considered one of the earliest municipal golf courses in the former Confederate states to be desegregated, if not the first.

UT, which prevailed last year in a U.S. Supreme Court case challenging its use of affirmative action in admissions, and its governing board couldn’t have relished the public-relations impact of bulldozing an important site in the civil rights movement.

Austin American-Statesman
Austin-Round Rock
Public Facilities

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Lago Mar debuts in Texas City Lago Mar debuts in Texas City https://www.recenter.tamu.edu/news/newstalk-texas/?Item=155992017-01-20T06:00:00Z2017-01-20T23:50:00Z


TEXAS CITY – Land Tejas, the Houston-based developer of Lago Mar, reports 12 sales to date in a 2,033-acre community off I-45.

The first phase of Land Tejas' Lago Mar development—the two main entrances are at Exit 16/Holland Rd. and at Lago Mar Blvd., a mile south of there—will include 520 home sites.

Homes in Lago Mar are priced from the mid-$200,000s.

Texas City community expected to eventually be home to more than 4,000 families.​
Galveston Daily News
Houston-The Woodlands-Sugar Land

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Declaration: Jefferson Square apartments soldDeclaration: Jefferson Square apartments soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=155952017-01-20T06:00:00Z2017-01-20T23:45:00Z

​​​BROWNSVILLE – A multifamily property, Jefferson Square, located at 230 W. Jefferson St. has been sold to a private investor.

The property, built in 1981, features 36 one-bedroom units and 36 two-bedroom units. 

The two-bedroom units are 840 sf including one bathroom. Rent is about $545 per month.

Marcus & Millichap has brokered the sale of the 72-unit multifamily property.


​​​Also see ​Apartments.com​.

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Therapy horses trotting to new stables, horse parkTherapy horses trotting to new stables, horse parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156012017-01-20T06:00:00Z2017-01-20T23:35:00Z

​​SOUTH DALLAS – Equest, a local non-profit that offers equine therapy services to children and adults, announced it's selling its Wylie property and building a $1.2 million horse arena on the Texas Horse Park property in South Dallas. 

The new complex will be called the Al Hill, Jr. Family Arena after the local businessman donated the money for the project. 

Construction is slated to begin in March 2017 and finish in early fall.

Equest already has a presence on the 302-acre site called Texas Horse Park, which the City of Dallas owns, near the Trinity Forest. 

This new arena will supplement other structures on the property, which include stalls for 38 horses and two other riding arenas.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2017/01/17/dfw-organization-strengthens-dallas-presence-with.htmlRead more at the {Source}

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