Mixed-use 'game changer' pitching to downtown ArlingtonMixed-use 'game changer' pitching to downtown Arlingtonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106902015-10-02T05:00:00Z

​​ARLINGTON - ​Catalyst Urban Development of Dallas is set to break ground next month on a 22-month project to build a mixed-use complex designed around a "live-work-play" concept.

The mixed-use project — tentatively named 101 Center — will feature 221 high-end apartments over a first floor of retail businesses, including shops, a 1,500-sf exercise gym, potentially multiple restaurants and many other tenants.

The city and developer have a partnership in the $49 million development on the site of the recently razed 40-year-old George W. Hawkes public library that was the City Hall's neighbor to the east.

The city is committing to about $10.8 million for Catalyst's contractors to build a roughly $7.4 million parking garage — including surrounding surface parking and landscaping — and rebuild portions of Center, Mesquite and Abram streets that front along the development. The city would own the garage and lease most of it back to Catalyst.

Catalyst principal Paris Rutherford announced that the garage side of the apartment building will have small office spaces of about 1,000 sf for small businesses. Those tenants could work and sleep in the "live-work units."

Rutherford said Dallas and Fort Worth have similar upscale mixed-use developments. "In Arlington, you do not," he said. "It's really the first of its kind coming out of the gate."

Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
http://www.star-telegram.com/news/local/community/arlington/article36104031.htmlRead more at the {Source}
The Riverbend(s) to mixed-use on 220 acres in AustinThe Riverbend(s) to mixed-use on 220 acres in Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106562015-10-02T05:00:00Z

​​AUSTIN - Goveia Commercial Real Estate plans to start construction this fall on more than 600 apartments in a mixed-use project called The Riverbend.

This development is slated for 220 acres near Texas 130 and Texas 71, northeast of Austin-Bergstrom International Airport.

Amy Williams, vice president of Goveia Commercial Real Estate, said 410 of the apartment units will have market-rate rents and another 240 units will be at rates deemed affordable under City of Austin guidelines.

No single-family homes are planned but the project could eventually include for-rent duplexes, Williams said.

The Riverbend development also is expected to eventually include more than 900,000 sf of office space, 200,000-plus sf of retail space and more than 80 acres of parks space, trails and open space.​

Austin American-Statesman
Austin-Round Rock
http://www.mystatesman.com/news/business/220-acre-mixed-use-project-planned-near-austin-air/nnntW/Read more at the {Source}
FoodTruckPark 'parking' at Valle Vista Mall in HarlingenFoodTruckPark 'parking' at Valle Vista Mall in Harlingenhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106912015-10-02T05:00:00Z

​​​​HARLINGEN - Soon culinary enthusiasts will be able to enjoy two food truck parks in the city as some vendors with the newly established FoodTruckPark will be moving to a bigger location at Valle Vista Mall.

After seeing what McAllen had done with the food truck park idea, the Harlingen Chamber involved the city and ordinances were changed to accommodate the vendors at the first location. The park opened at the chamber parking lot, 311 E. Tyler Ave., on August 27.

FoodTruckPark patrons can continue to enjoy gourmet grub and scrumptious snacks, including small plates, appetizers, hand-held and baked goods from a variety of food trucks.

Local vendors heading to the new location — at Valle Vista Mall — will include Frankie Flav'z, Pit Stop BBQ, PMQ Food That Rocks, Sweet Blessings, E & E Kettle Corn, Enchiladas R Us, Bros BBQ and more.

The FoodTruckPark will be set up in the mall parking lot facing Dixieland Rd. near Big Lots.

Patrons can continue to visit the FoodTruckPark located at 311 E. Tyler. There, eaters will still be able to enjoy The Whodeewho Food Truck, Espetinhos Brazilian Style, Pit Stop BBQ and Dirty Al's Seafood Market & Cajun Kitchen.

Want to see how a food truck movie? Check out Chef​ from 2014.

The Herald
http://www.brownsvilleherald.com/news/valley/article_321d5fac-671f-11e5-b317-37d3b4c11c22.htmlRead more at the {Source}
Austin construction holds steadyAustin construction holds steadyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106982015-10-02T05:00:00Z

​AUSTIN – While some cities across the state​, such as Fort Worth and Houston, are among the country's 153 metro areas that have lost construction jobs in the past year, the Capital City's construction industry has stayed relatively level.

According to federal employment data released by the Associated General Contractors of America, Austin gained 100 construction jobs between​ August 2014 and 2015. The area had 52,000 people employed in construction this August.

The oil price drop has affected Fort Worth and Houston, which lost 6,000 and 3,700 construction jobs this past year. Fort Worth topped the national list with the largest loss of construction jobs.

Meanwhile, Beaumont increased its number of construction jobs by 16 percent this past year.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2015/10/while-other-texas-cities-lose-construction-jobs.html?iana=ind_creRead more at {Source}
Texas second best in relocations last yearTexas second best in relocations last yearhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107012015-10-02T05:00:00Z

​​​​AUSTIN – The state ranked second in the nation for relocation activity​ last year, according to the 2015 Texas Relocation Report released by the Texas Association of Realtors.

Based on data from the U.S. Census Bureau, the report shows that Texas continues to be a high-demand destination for residents moving out of state. 

Texas followed Florida as No. 2 in the country for population gains from out-of-state residents in 2014, with 538,572 people moving to Texas. Most moved from California (63,591), followed by Florida (40,930), Oklahoma (25,096), Louisiana (23,805) and Illinois (23,258).

The Lone Star State ranked third for number of residents moving out of state (435,107), coming in behind California (593,308) and Florida (437,516) and topping New York (424,074) and Illinois (323,468). Popular states for Texans to move to include California (38,990), Florida (29,191), Oklahoma (25,175), Colorado (24,431) and Louisiana (21,516).

Texas had a net gain of 103,465 out-of-state residents in 2014.

Harris and Dallas counties are the two most mobile counties in the state, ranking first and second in Texas, respectively, for both the largest inflow and largest outflow of people. Both counties posted the highest net losses of residents moving out of county, with Dallas County posting highest net loss of people (27,155) followed by Harris County (18,297). 

Texas Association of REALTORS
Demographics & Population
https://www.texasrealestate.com/news-releases/release/texas-ranked-second-in-us-for-relocation-activity-and-out-of-state-migratioRead more at {Source}
DFW office leasing up nearly 50 percent this yearDFW office leasing up nearly 50 percent this yearhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107052015-10-02T05:00:00Z

​​​​DALLAS – Demand for North Texas office space has expanded by about 50 percent this year, according to a new report from Cushman & Wakefield. 

Net leasing in the Dallas-Fort Worth area totals four million sf through the first three quarters of the year, a sharp rise from 2.7 million sf at the same time last year.

Most of the office leasing this year has been in Richardson's Telecom Corridor, in Las Colinas and in West Plano and Frisco. Large office leases were made in recent months by RealPage, CoreLogic, GEICO Insurance and Toyota Insurance.

Average office rents rose by nearly 6 percent in the third quarter from last year. Asking rents for first-class buildings are at an all-time high of $27.88 per sf. 

Nearly seven million sf of office space is currently under construction in DFW, about half of which is already leased.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2015/10/north-texas-net-office-leasing-up-almost-50-percent-in-2015.html/Read more at {Source}
Insurance commissioner names new TWIA boardInsurance commissioner names new TWIA boardhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107042015-10-02T05:00:00Z​​AUSTIN – Texas Insurance Commissioner David Mattax has appointed nine members from across the state to serve on the board of directors of the Texas Windstorm Insurance Association (TWIA) after the 2015 Legislature changed the board’s makeup.

Under Senate Bill 900, the board now must include three members who live in coastal counties, three who live at least 100 miles from the coast, and three insurance industry representatives who write and renew windstorm and hail insurance along the Gulf Coast.

The members, whose appointments took effect yesterday, are:
  • Blair Crossan (Addison), regional vice president for Nationwide Insurance;
  • Joshua Fields (Harlingen), vice president of Shepard Walton King Insurance Group;
  • Michael Gerik (McGregor), executive vice president for Texas Farm Bureau Casualty Insurance Company;
  • R. Scott Kesner (El Paso), president of Century 21 The Edge and chairman of the Texas Association of Realtors;
  • Ronald Lawson (Allen), vice president of marketing for Republic Underwriters Insurance Company;
  • Georgia Neblett (Port Aransas), director of external affairs for The University of Texas at Austin Marine Science Institute;
  • Tony Schrader (Round Rock), former deputy commissioner with the Iowa Department of Insurance and the Texas State Board of Insurance;
  • Bryan Shofner (Lubbock), senior vice president of MHBT, an independent insurance broker, and a former president of the Independent Insurance Agents of Texas; and
  • Chandra Womack (Dickinson), president of Aran & Franklin Engineering and a licensed professional engineer specializing in windstorm and structure design.
Texas Department of Insurance
https://www.tdi.state.tx.us/news/2015/twia1012015.htmlRead more at {Source}
Burlington hanging clothes up in Wichita Falls for grand openingBurlington hanging clothes up in Wichita Falls for grand openinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106832015-10-02T05:00:00Z

​​​​​​​WICHITA FALLS - Wichita Falls and area shoppers have days to wait for the newest off-price retailer to open its doors for customers.

The new Burlington store located at 3910 Call Field Rd. will open October 16 in the Town Square Shopping Center.

The 55,000-sf store will have about 50 to 100 jobs and is the 53rd store in Texas.

"We are thrilled to open a new Burlington in the Wichita Falls community, bringing even more jobs to the neighborhood and providing local residents with a valued shopping experience," said Tom Kingsbury, Burlington chairman and CEO. ​

Wichita Falls Times Record News
Wichita Falls
http://www.timesrecordnews.com/news/local-news/burlington-sets-open-dateRead more at the {Source}
Downtown Plano deemed one of America's 'Great Places'Downtown Plano deemed one of America's 'Great Places'https://www.recenter.tamu.edu/news/newstalk-texas/?Item=106972015-10-01T05:00:00Z

​​​​​PLANO – Downtown Plano has been named one of four Great Neighborhoods o​n the American Planning Association's (APA) list of Great Places in America.

APA's Great Places in America program, which is part of National Community Planning M​onth, ​​recognizes streets, neighborhoods and public spaces in the country that demonstrate exceptional character, quality and planning.

The APA cited the city's tremendous growth with the arrival of the Dallas Area Rapid Transit service and a strategic transit village plan.

Other neighborhoods recognized by the APA include the Crossroads Arts District in Kansas City, Missouri; Wynwoo​d Arts District in Miami; and Roosevelt Row Arts District in Phoenix. 

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/blog/morning_call/2015/10/downtown-plano-recognized-as-one-of-great-places.html?iana=ind_creRead more at {Source}
Liberty Mutual starts $325M regional hub at Plano's Legacy WestLiberty Mutual starts $325M regional hub at Plano's Legacy Westhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106932015-10-01T05:00:00Z

​​PLANO - In the first significant expansion outside Boston, Liberty Mutual Insurance held a ceremonial groundbreaking ceremony on September 30 to kick off the insurance company's new $325 million, 1 million-sf regional hub in West Plano.

The new 19-story office tower will become the center that will house more than 4,000 employees within the $2 billion Legacy West mixed-use development in West Plano.

Liberty Mutual already has about 1,600 employees in the region, which, at completion of the new tower, will consolidate into the company's new Plano operating center.

At completion of the new tower, the tower will include an on-site medical center, full-service cafeteria, covered parking, full locker rooms and two rooftop gardens for employees to relax.

Construction — which is employing an estimated 1,000 workers — is slated to be complete in 2017.​

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2015/09/30/liberty-mutual-starts-new-325m-regional-hub-at.html?iana=ind_creRead more at the {Source}
Thor hammers down Kirby CollectionThor hammers down Kirby Collectionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106952015-10-01T05:00:00Z

​​​​HOUSTON – Construction begins next month on Thor Equities' Kirby Collection, a one million-sf mixed-use project on Kirby Dr. in the Inner Loop.

The $125 million project will include a 25-story residential​ tower with 200 apartments, 210,000 sf of office space and 6​​5,000 sf of retail space. Delivery is expected in late 2017.

The Kirby Collection will be on a site ​bounded by Kirby Dr., Colquitt, West Main and Lake St.  The location was the site of the former Settegast-Kopf funeral home. 

Realty News Report
Houston-The Woodlands-Sugar Land
http://realtynewsreport.com/2015/09/30/thor-equities-starting-125-million-mixed-use-project-on-houstons-kirby-drive/Read more at {Source}
'Exxon Effect' braking on north Houston housing market'Exxon Effect' braking on north Houston housing markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106372015-10-01T05:00:00Z

​​NORTH HOUSTON - When Exxon Mobil Corp. announced the construction of a new campus north of Houston, residential developers and home builders swung their hammers into action.

Developers are constructing new master-planned communities and home builders are erecting hundreds of new homes in Conroe, Shenandoah, Spring, Springwoods Village and The Woodlands to accommodate more than 10,000 energy employees working at the Exxon and Southwestern Energy campuses.

This sudden influx of employees has driven demand for new housing in the north Houston suburbs. However, now that the first phase of the new Exxon campus is complete, home builders are realizing this so-called “Exxon Effect” isn’t as immediate as originally thought.

“The Exxon Effect is slower than expected,” said Lawrence Dean, senior advisor with Metrostudy Corp.’s Houston office, a housing research firm. “It’s caught a lot of developers and builders by surprise.”

Instead of immediately buying homes in the north Houston suburbs, new Houston energy transplants are signing nine and ten month apartment leases.

Developers and builders who thought there would be a sudden increase in new housing demand are finding out they have some lead time before the rush of homebuyers descend on the area, Dean said.

Developers and home builders expect Exxon employees will keep coming to the north Houston region despite plunging oil prices. Exxon Mobil and Southwestern Energy campuses have already proven to be an economic juggernaut for Houston’s residential real estate industry.

Dallas Business Journal
Houston-The Woodlands-Sugar Land

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Read the full article at the {Source}
Liberty buys La Porte industrial, plans to expandLiberty buys La Porte industrial, plans to expandhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106892015-10-01T05:00:00Z

​​LA PORTE – ​​Liberty Property Trust has acquired three industrial buildings and 139 additional acres in this Houston suburb for $93 million.

Located in the Port Crossing Commerce Center, the fully-leased buildings include two rail-served facilities and a cross-dock building totaling 921,196 sf. 

Tenants in the park include Anheuser-Busch, Gulf Winds, Ferguson Enterprises and Overland Distribution.

Liberty plans to add an additional​ two million sf to the center. Phase I — a 408,000-sf cross-dock building and 105,000-sf rear-load building — could begin next year. 

Houston-The Woodlands-Sugar Land
http://rebusinessonline.com/liberty-property-trust-acquires-three-industrial-buildings-139-acres-in-metro-houston-for-93m/Read more at {Source}
The buzz on Bee Cave's FalconheadThe buzz on Bee Cave's Falconheadhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106922015-10-01T05:00:00Z

​​​​BEE CAVE – Construction has started on Gateway to Falconhead, a 126,000-sf office and retail development on 14 acres at the southwest corner of RM 620 and Falcon Head Blvd.

Phase I consists of 46,000 sf of boutique retail space across seven buildings. It is set to deliver m​​id-2016. The second phase will break ground following the first phase's delivery and will include 80,000 sf of office condo space.

When completed, Gateway to Falconhead will have a market value of over $50 million.

St. Croix Capital Advisors will provide leasing/sales and marketing services for the project, which was designed by Gary Shaw. Pioneer Bank and day spa Serasana have agreed to deals at the site for 3,000 sf and 3,500 sf, respectively.

IE2 is the construction firm and Construction Strategies Management Group will oversee construction. Garrett Ihnen is the engineer. Southstar Bank is the lender. 

CoStar Group
Austin-Round Rock
http://www.costar.com/News/Article/New-Mixed-Use-Project-Breaks-Ground-in-Suburban-Austin/175692Read more at {Source}
$175 million redevelopment project breaks ground in Dallas$175 million redevelopment project breaks ground in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106872015-10-01T05:00:00Z

​​DALLAS – Hill & Wilkinson General Contractors ​​has begun construction on a $175 million redevelopment project downtown.

The historic Statler Hilton Hotel, located at 1900 Commerce St., and the adjacent Old Dallas Central Library will be renovated to create a destination-entertainment hub.

Statler Hilton, built in 1956, was listed by the National Trust for Historic Preservation in 2008 as one of the country's most endangered places.

The 702,615-sf project includes complete restoration of the building's exteriors and conversion of the upper 11 stories into 229 residential units. The five middle floors will be converted into 164 four-star boutique hotel rooms. Two lower floors will have ballrooms, meeting rooms, hotel services, lobbies, restaurants and retail space. The Jackson St. and basement levels will become a 250-car parking garage. 

Project developer Centurion American Development Group will apply for historic tax credits, and the city has provided $43.5 million in tax increment financing.

The project architect is Merriman Associates/Architects Inc., and the engineer is Besharkhah​ Engineering Inc.

The redevelopment is expected to deliver in December 2016.​

Hill & Wilkinson
Dallas-Fort Worth-Arlington
Read more at {Source}
27-building Summer Cove sold27-building Summer Cove soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106882015-10-01T05:00:00Z​​CLEAR LAKE – Dallas-based Westmount Realty Capital has acquired the 367-unit Summer Cove apartment complex here.

The two-story Class-B project, located on nearly 14 acres at 725 FM 1959, was built in 1983.

Phase I consists​ of 13 buildings with 184 units averaging 730 sf. Phase II contains 14 buildings with 192 units averaging 728 sf. 

Summer Cove's previous owner maintained occupancy levels of about 90 percent. This past year, occupancy averaged 96 percent, and rents increased 6.7 percent with no concessions.

The seller, which owned the complex for seven years, completed nearly $1 million in capital improvements including new exterior paint, new roofs and a remodeled clubhouse and fitness center. 
Houston Chronicle
Houston-The Woodlands-Sugar Land
http://blog.chron.com/primeproperty/2015/09/dallas-investor-buys-27-building-clear-lake-apartment-complex/Read more at {Source}
ALN focuses spotlight on Texas citiesALN focuses spotlight on Texas citieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106782015-10-01T05:00:00Z

​TEXAS - ALN Apartment Data has released the August 2015 focus report, which includes statistics on the overall market and stabilized properties for cities throughout Texas. ​

ALN Apartment Data
http://www.alndata.com/market-news/Source: {Source}
Clearlake's 376-unit Summer Cove falls under new ownershipClearlake's 376-unit Summer Cove falls under new ownershiphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106862015-10-01T05:00:00Z

​​CLEARLAKE - Westmount Realty Capital has acquired Summer Cove Apartments, a Class B garden-style apartment complex in Houston.

The asset is located at 725 FM 1959 in Houston. Formerly known as Summer Cove 1 and 2, Westmount is rebranding the apartment community as Westmount at Summer Cove.

The two-story project constructed in 1983 consists of 376 units on a 13.82-acre site.

Phase I of Summer Cove is 184 units in 13 buildings with an average unit size of 730 sf. Phase II has 192 units in 14 buildings, averaging 728 sf per unit.

The community is positioned in the Clearlake submarket of southeast Houston, centrally located between I-45 and Hwy. 3, providing easy access to major business centers from the Houston medical center and central business district to the petrochemical industrial complexes.

Summer Cove’s previous owner of seven years maintained a stable occupancy level above 90 percent. In the last 12 months, occupancy averaged 96 percent and rents have increased 6.7 percent over the last 12 months as well with absolutely no concessions.

Company News Release
Houston-The Woodlands-Sugar Land

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Valley home to first all-digital degree program in U.S.Valley home to first all-digital degree program in U.S.https://www.recenter.tamu.edu/news/newstalk-texas/?Item=106572015-10-01T05:00:00Z

​​​BROWNSVILLE - The new University of Texas-Rio Grande Valley (UTRGV) is making headlines, as it becomes the first university in the nation to offer an all-digital degree program.

Students enrolled in the school's biomedical sciences degree program will pay a $350 fee each semester that includes use of an iPad and all content needed for coursework.

All of the course content is accessible to students on their iPads via a mobile application. The app, TEx (Total Educational Experience) provides online access and support to students from both faculty members and "success coaches" and is designed to keep students on a structured academic track.

The digital program was a natural fit for the biomedical sciences program, according to UT System officials. With UTRGV preparing to open its medical school, they already were working on structuring educational avenues that would lead to a student competency-based track to medical school.

If successful and early indicators are that it will be, the program could become a blueprint for similar programs in other universities throughout the country. It could also lead to a new educational model for meeting the academic and personal needs of students seeking careers in high-demand industries.​

Strategic Partnerships Inc.
http://www.spartnerships.com/newsletter/2015/tgi-9-25-15/texas-government-insider-9-25-15.htmlRead more at {Source}
Gateway to Falconhead swooping 126,000 SF to Bee CaveGateway to Falconhead swooping 126,000 SF to Bee Cavehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106702015-10-01T05:00:00Z

​​BEE CAVE - A 126,000-sf, mixed-used project called Gateway to Falconhead is underway at Ranch Rd. 620 S & Falcon Head Blvd.

The 14-acre site — developed by Pathfinder PFP Retail LLC — has broken ground on the first phase of the project, which consists of 46,000 sf of boutique retail space.

Construction on that phase is anticipated to last ten months.

Immediately following, a second phase will begin consisting of an 80,000-sf office condo concept available to buy or lease, something that distinguishes it from other office space in the area.

Two retailers have already signed on: Pioneer Bank will have a 3,000-sf branch, pending regulatory approval. Serasana, a day spa that fuses ancient wellness practices with stress and pain management, will also occupy 3,500 sf.

Upon completion, the project is anticipated to have a market value of more than $50 million.​

Austin-Round Rock

​​Need up-to-date data? See Austin Market Research RETAIL.

Read more at {Source}

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