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Springwoods Business Center under new ownershipSpringwoods Business Center under new ownershiphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275432022-05-24T05:00:00Z2022-05-27T21:00:00Z

​​​​​AUSTIN – Springwoods Business Center at 13581 Pond Springs Rd.​ has been sold.

Built in 1986, the 77,985-sf industrial property has office and warehouse space across four buildings.

The property housed 17 tenants at t​he time of acquisition​. 

Cushman and Wakefield arranged a $10.6 million acquisition loan through ​Alliant Credit Union.

Texas logoGet more Austin-area news on the Texas Real Estate Research Center's website:

​​​Source: ReJournal

ReJournal
Austin-Round Rock
Mixed-Use
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West Texas A&M to welcome new AgriLife centerWest Texas A&M to welcome new AgriLife centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275582022-05-25T05:00:00Z2022-05-27T21:00:00Z

​​​​CANYON – The Texas A&M AgriLife Research and Extension Center of Amarillo is relocating to a new facility on the West Texas A&M University campus.

The building will be home to about 60 employees.

The center will cost $30 million with $20 million coming from the Permanent University Fund established by the state.

Construction will wrap in early 2024.

Texas logoThe Texas Real Estate Research Center​​​​ has more:

​Source: AgriLife Today

AgriLife Today
Amarillo
Education
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370-unit apartment complex coming to west Houston370-unit apartment complex coming to west Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275382022-05-23T05:00:00Z2022-05-27T20:00:00Z

​​​​HOUSTON – Sueba USA Companies and McCormack Commercial​ are building Kingfield Lofts, a 370-unit apartment complex.

The Class A multifamily community will be on 14.5 acres at 15915 Kingfield Dr.

The four-story property will include studio and one-, two-, and three-bedroom floor plans ranging from 480 to 2,196 sf.

​Preleasing begins in fall 2023. Completion is set for March 2024. 

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

​Source: Realty News Report​

Realty News Report
Houston-The Woodlands-Sugar Land
Multifamily
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Northeast Dallas apartments trade handsNortheast Dallas apartments trade handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275462022-05-25T05:00:00Z2022-05-27T19:00:00Z

​​

PictureDALLAS – Adam Mitchell and Lance Doty have acquired Chesapeake, a 127-unit apartment property at 11620 Audelia Rd.

Marcus & Millichap brokered the deal. 

The sellers are Mike Moses and Mike Koulakis, an out-of-​state ownership group.

Texas logoThe Texas Real Estate Research Center​​​​ has more multifamily news online for free:

​Source: Marcus & Millichap​
Marcus & Millichap
Dallas-Fort Worth-Arlington
Multifamily
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Green lights ahead for Levit Green developmentGreen lights ahead for Levit Green developmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275352022-05-23T05:00:00Z2022-05-27T18:00:00Z

​​​​​​HOUSTON – Hines has topped out on the first phase of Levit Green, a 55-acre​​ life sciences complex near the Texas Medical Center.

The five-story development houses 294,000 sf of laboratory and office space at 3131 Holcombe Blvd.

​The project has 15.4- to 20-f​t ceilings, a high-output HVAC system, and 100 percent​ redundant backup power system.

Amenities include a 5,800-sf fitness center, 3,500-sf café and restaurant, 7,000-sf conference center, and parking garage.

Harvey Builders is the general contractor. HOK designed the building. 

Texas logoGet more Houston-area office news on the Texas Real Estate Research Center's website:

​Source: Houston Business Journal​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Mixed-Use
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Baik Brands inks 104K-sf lease at Dallas distribution warehouseBaik Brands inks 104K-sf lease at Dallas distribution warehousehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275492022-05-25T05:00:00Z2022-05-27T17:00:00Z

​​DALLAS – Baik Brands Inc. has signed a 104,000-sf lease at a distribution warehouse within Stemmons Crossroads.

The project is along T​echnology Blvd. near I-35.

Mercer Company and CBRE represented the tenant. The landlord, Rosebriar Properties, was internally represented.

Texas logoThe Texas Real Estate Research Center has more on DFW's industrial market:

​Source: Rosebriar Properties​
Rosebriar Properties
Dallas-Fort Worth-Arlington
Industrial
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CPS Energy selling remaining downtown acreageCPS Energy selling remaining downtown acreagehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275412022-05-24T05:00:00Z2022-05-26T21:00:00Z

​​​​​SAN ANTONIO – CPS Energy is selling seven acres at 326 W. Jones Ave. following the company's 2020 relocation​. 

One acre has been allo​cated to the San A​ntonio Museum of Art with the remaining six still for sale.

CBRE represented CPS.

Texas logoThe Texas Real Estate Research Center has more land news for Austin-Round Rock:

San Antonio Business Journal
San Antonio-New Braunfels
Land
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Industrial park coming to metro AustinIndustrial park coming to metro Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275422022-05-24T05:00:00Z2022-05-26T21:00:00Z

​​​​​GEORGETOWN – Stonelake Capital Partners has broken ground on Georgetown Logistics Park, a 619,740-sf industrial project at 1800 Aviation Dr. 

The development will consist of a 426,240-sf cross-dock building and two rear​-load buildings measuring 123,200 and 70,300 sf.

Buildings will have 40-, 36- and 32-ft clear heights.

Powers Brown Architecture is designing the project. 

Completion is slated for March 2023.​​

Texas logoThe Texas Real Estate Research Center has more industrial news for Austin-Round Rock:
REBUSINESS
Austin-Round Rock
Industrial
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58K-sf office trades hands in Corpus Christi58K-sf office trades hands in Corpus Christihttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275532022-05-25T05:00:00Z2022-05-26T20:00:00Z

​CORPUS CHRISTI – HMVP Holdings has acquired a 58,000-sf office along SH 358 and South Padre Island Ave.

The current tenant, Alorica, will continue to occupy the nearly ten-acre property. 

Texas logoThe Texas Real Estate Research Center h​as more Corpus Christi news online for free:

​Source: Connect CRE​
Connect CRE
Corpus Christi
Office
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Copperfield Portfolio sold in northwest HoustonCopperfield Portfolio sold in northwest Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275362022-05-23T05:00:00Z2022-05-26T19:00:00Z

​​​​HOUSTON – Gaia Real Estate has sold a collection of five multifamily pro​perties called the Copperfield Portfolio.

The properties, totaling 1,376 units, include pools, fitness centers, children's play areas, clubhouses, and laundry centers.

Gaia acquired the properties in 2015.

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

​Source: REBusiness Online​
REBUSINESS
Houston-The Woodlands-Sugar Land
Multifamily
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48K-sf industrial facility trades hands48K-sf industrial facility trades handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275372022-05-23T05:00:00Z2022-05-26T19:00:00Z

​​​HUMBLE – 2407 Wilson LLC has purchased a 48,000-sf, four-building industrial facility.

The property sits on 3.3 acres.

Knightsbridge Ventures represe​nted the buyer. Colliers represented the seller, R.B. Machine Works.​

Texas logoGet more Houston-area industrial news on the Texas Real Estate Research Center's website:

​Source: REBusiness Online​

REBUSINESS
Houston-The Woodlands-Sugar Land
Industrial
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Waxahachie self-storage facility goes to California investor Waxahachie self-storage facility goes to California investor https://www.recenter.tamu.edu/news/newstalk-texas/?Item=275442022-05-25T05:00:00Z2022-05-26T18:00:00Z

​​​

PictureWAXAHACHIE – A California investor has acquired iStor Self Storage, a 61,750-sf facility at 1021 Ovilla Rd.

Marcus &​ Millichap brokered the sale. 

Texas logoThe Texas Real Estate Research​ Center has more on DFW real estate news:

Source: Marcus & Millichap
Marcus & Millichap
Dallas-Fort Worth-Arlington
Retail
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Leander mixed-use project making steady progressLeander mixed-use project making steady progresshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275312022-05-19T05:00:00Z2022-05-25T22:00:00Z

​​​​LEANDER – Construction is underway on a 100,000-sf mixed-use property at 15101 Ronald Reagan Blvd. 

Phase one includes 45,000 sf of retail space, 37,000 sf of office space, 6,000 sf of restaurant space, a 10,000-sf day care center, and 510 parking spaces.

The first phase will wrap up in spring 2023.

Phase two will add 60,000 sf for restaurants, retail, and office space. Construction begins in September 2023.​​​

Texas logoGet more Austin-area news on the Texas Real Estate Research Center's website:

​​​Source: Community Impact Newspaper​

Community Impact Newspaper
Austin-Round Rock
Mixed-Use
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Woodbine acquires national landmark hotelWoodbine acquires national landmark hotelhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275202022-05-18T05:00:00Z2022-05-25T21:00:00Z

​​​​AUSTIN – Woodbine Development has purchased the Driskill Hotel for $125 million.

Built in 1886, the 206,685-sf building was declared a national historic landmark in 1969.

Hyatt was the seller but will continue t​o manage it.

Texas logoGet more Austin hotel news​​ on the Texas Real Estate Research Center's website.

​Source: Connect CRE​
Connect CRE
Austin-Round Rock
Hotel
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Warehouse project coming near Canyon LakeWarehouse project coming near Canyon Lakehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275392022-05-23T05:00:00Z2022-05-25T21:00:00Z

​​​​NEW BRAUNFELS – Canyon Lake Water Service Co. is developing a $19 million warehouse project at 1399 Sattler Rd. near Canyon Lake.

The 31,734-sf property will include an office warehouse and a truck wash building.

RVK Architecture Inc. will lead the project.

Construction begins in June with completion slated for November.

Texas logoThe Texas Real Estate Research Center has more on San Antonio's industrial ​market:

San Antonio Business Journal
San Antonio-New Braunfels
Industrial
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Three Houston apartment complexes sold for $73MThree Houston apartment complexes sold for $73Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275252022-05-19T05:00:00Z2022-05-25T20:00:00Z

​​​​​​HOUSTON – Vision & Beyond Capital Investments has purchased three apartment complexes totaling 460 units for $73 million.

The properties include the:

  • 96-unit Pine Lake Village at 1325 Green​s Pkwy.,

  • 168-unit Ridge Point at 2700 Westridge St.,​ and 

  • 196-unit Green Tree Place at 4211 Clay Hill Dr. 

The buyer will implement a value-add program.

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

​Source: REBusiness Online​
REBUSINESS
Houston-The Woodlands-Sugar Land
Multifamily
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MetroNational to redevelop Memorial City MallMetroNational to redevelop Memorial City Mallhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275232022-05-19T05:00:00Z2022-05-25T19:00:00Z

​​​HOUSTON – MetroNational will redevelop Memorial City Mall at Barryknoll Ln. and Gessner Rd.

The 27-acre open-air, mixed-use town center will be renamed Memorial Town Square.

It will include dozens of retail offerings, restaurants, up to 275 apartments, and 350,000 sf of office space. There will also be a 1,000-space parking garage. 

Construction begins next year and will be complete in 2025. 

Texas logoGet more Houston-area office news on the Texas Real Estate Research Center's website:

​Source: Houston Chronicle

Houston Chronicle
Houston-The Woodlands-Sugar Land
Mixed-Use
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24K-sf industrial building sold in Beaumont24K-sf industrial building sold in Beaumonthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275342022-05-23T05:00:00Z2022-05-25T17:00:00Z

​​BEAUMONT – Avenue A Warehouse Park, a two-building, 24,000-sf, multitenant industrial property, has been sold.

The property is on 0.77 acres​ at 5452 Hagner Rd. It is fully occupied. 

Marcus & Millichap procured the buyer.​

Texas logoHead to the Center's website for more Beaumont-Port Arthur real estate news.

​Source: Marcus & Millichap
Marcus & Millichap
Beaumont-Port Arthur
Industrial
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Everything’s Better in Allen: H-E-B to build store near SH 75Everything’s Better in Allen: H-E-B to build store near SH 75https://www.recenter.tamu.edu/news/newstalk-texas/?Item=275072022-05-17T05:00:00Z2022-05-24T22:00:00Z



PictureALLEN – H-E-B is building a store at the northwest corner of Exchange Pkwy. and Greenville Ave., across from Allen High School.

The grocer purchased the 12.5-acre site in 2014.

Construction begins this month.

Texas logoThe Texas Real Estate Research​ Center has more on DFW real estate news:

Dallas Morning News
Dallas-Fort Worth-Arlington
Retail
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MOHR picks up Austin hosptiality projectMOHR picks up Austin hosptiality projecthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275292022-05-19T05:00:00Z2022-05-24T21:00:00Z

AUSTIN – MOHR Capital has purchased the DoubleTree by Hilton at 6505 N. I-35.

Mohr will invest over $11 million in renovations to the ballroom, elevators, guest rooms, and common spaces.

HEI Hotels and Resorts will manage t​he hotel.

Hodges Ward Elliott represented the seller.​

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
PR News Wire
Austin-Round Rock
Hotel
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