Texas General Land Office captures three buildings around AlamoTexas General Land Office captures three buildings around Alamohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107602015-10-08T05:00:00Z

​​SAN ANTONIO - The Texas General Land Office is buying three major historic buildings across from the Alamo, raising the potential for a plaza renovation or a new museum to house artifacts.

The agency is under contract to buy the Woolworth, Palace and Crockett buildings at 518 E. Houston St., 319 Alamo Plaza and 321 Alamo Plaza.

The seller is Service Life and Casualty Insurance Co. of Austin.

All three buildings, among several others on the plaza, stand within the original footprint of the Alamo.

The Land Office has committed to working jointly with the city, which owns Alamo Plaza, to develop a master plan for the Alamo and the plaza, with completion expected in less than a year.

The Legislature this year appropriated $31.5 million as a starting point for the historic mission and battle site, including $25 million for the master plan process and projects resulting from the plan.
San Antonio Express-News
San Antonio-New Braunfels
Public Facilities
http://www.expressnews.com/news/local/article/Land-Office-to-buy-Alamo-Plaza-property-6552271.php#photo-8744631Read more at the {Source}
Peninsula at Rough Hollow claims last gated community at Lake TravisPeninsula at Rough Hollow claims last gated community at Lake Travishttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107562015-10-08T05:00:00Z

​AUSTIN - Developers Haythem Dawlett, founder and principal of Legend Communities, and Tommy Tucker, Central Texas residential vice president for Crescent Communities, said the new Rough Hollow neighborhood will be the last gated community on Lake Travis.

The developers broke ground on the 1,800-acre The Peninsula at Rough Hollow in March and are offering the first 20 lots of the three-phase, 80-lot project to buyers.

The entrance is located at 903 Highlands Blvd. in Lakeway.

The sites are priced from the upper $200,000s to more than $1 million, Dawlett said.

"This is the last undeveloped large parcel on the south shore of Lake Travis. It just presents a unique opportunity to create an incredible community," Tucker said.

Community Impact Newspaper
Austin-Round Rock

​Also see Rough Hollow's interactive map.

Read more at {Source}
TopGolf tees up for a Fort Worth driveTopGolf tees up for a Fort Worth drivehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107402015-10-08T05:00:00Z

​​​​​​FORT WORTH - TopGolf is building its fourth North Texas location, expanding for the first time to Fort Worth.

The facility will be located at the southeast corner of Hwy. 121 and I-35 near downtown Fort Worth, and will include 102 hitting bays, up to 3,000 sf of private event space and 230 high-definition TVs.

The company plans to host roughly 450,000 visitors within its first year of operation and said it will create $264.5 million in economic output over a ten-year period.

The 65,000-sf center will break ground this fall and is slated to open in late summer 2016.

Dallas Business Journal
Dallas-Fort Worth-Arlington

​Read more at bisnow.com.

Source: {Source}
Hot housing spot points to BastropHot housing spot points to Bastrophttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107532015-10-08T05:00:00Z

​BASTROP - As Austin's housing market becomes overly saturated and less affordable, Bastrop stands ready to absorb incoming growth and new home construction, according two recent studies commissioned by the Bastrop Economic Development Corporation.

The studies found that Bastrop's proximity to Austin and Houston, and its quality-of-life community amenities will increase its share of the Austin regional housing market.

As prime and high-activity submarkets along I-35 fill up and become less affordable, continued growth will shift new home construction to emerging, attractive areas in the southeast sector.

According to a housing market study by real-estate market advisor Robert Charles Lesser & Co.​,​ home sales in Bastrop could reach up to 250 per year in five years, and about 325 closings per year in the next five to ten years.

Meanwhile, multifamily housing demand in Bastrop can support between 150 and 225 new rental units, or a small to medium size apartment community, per year over the next five years, according to a multifamily feasibility analysis by Capitol Market Research Inc.

With Bastrop primed for growth, the city is suited for immediate and expanding demand for diverse housing.​

Austin American-Statesman
Austin-Round Rock
http://www.statesman.com/news/news/local/bastrop-poised-to-be-next-housing-hot-spot/nnxGT/Read more at the {Source}
Aggieland Inn attracts new ownerAggieland Inn attracts new ownerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107502015-10-08T05:00:00Z

​​COLLEGE STATION - Marcus & Millichap announced the sale of Aggieland Inn, a 167-room hospitality property located at 1502 Texas Ave. South, only one block away from the Texas A&M University complex.

Built in 1972, the interior corridor, midscale, limited service hotel is situated on nearly four acres of land.

At the time of closing, the buyer commented the property would undergo a multimillion dollar renovation before reopening for guests in first quarter 2016.

Marcus & Millichap Real Estate Investment Services
College Station-Bryan

Click here to see our Market Research on Aggieland's hotel boom.

Read more at {Source}
Leander: Randalls food anchors at Lakeline/Crystal Falls intersectionLeander: Randalls food anchors at Lakeline/Crystal Falls intersectionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106582015-10-08T05:00:00Z

​​​​​​LEANDER - Randalls Food Markets will break ground October 15 on a new Leander store southwest of the intersection of Lakeline Blvd. and Crystal Falls Parkway.

The retailer will be Leander’s second grocery store, following H-E-B Plus located on US 183.​

The Leander Randalls store will comprise about 59,000 sf, and will anchor a new shopping center strip of about 23,000 additional square feet at the intersection.​

The new Randalls will bring about 150 new jobs.

The first restaurant at the intersection, Brooklyn Heights Pizzeria, opened Aug. 19 in The Shops at Crystal Falls retail plaza southeast of Lakeline and Crystal Falls. 

Northeast of the intersection, Cedar Park Regional Medical Center is building its first facility in Leander, Cedar Park Regional Emergency Center, which is set to open in March 2016. 

The hospital owns adjacent land that will be used to develop a new center for physicians’ offices, Leander Assistant City Manager Tom Yantis said.
Community Impact Newspaper
Austin-Round Rock
http://communityimpact.com/2015/09/25/randalls-announces-oct-15-groundbreaking-in-leander/Source: {Source}
Relocation, location, location: Texas ranked No. 2 in U.S.Relocation, location, location: Texas ranked No. 2 in U.S.https://www.recenter.tamu.edu/news/newstalk-texas/?Item=107522015-10-08T05:00:00Z

​​​TEXAS - Texas ranked second in the nation for relocation activity in 2014, 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 from out of state.

According to the report, Texas followed Florida as number two in the U.S. for population gains from out-of-state residents in 2014, with 538,572 people moving to Texas from out of state.

The state the most new Texans came from was California (63,591), followed by Florida (40,930), Oklahoma (25,096), Louisiana (23,805) and Illinois (23,258).

Overall, Texas had a net gain of out-of-state residents in 2014, with 103,465 more people moving to Texas than Texas residents moving out of state.

Harris and Dallas counties remain the top two most mobile counties in the Lone Star State, ranking number one and number two in Texas, respectively, for both the largest inflow and the largest outflow of people.

Texas Association of REALTORS
Demographics & Population

​Cl​ick to see the full 2015 Texas Relocation Report (PDF)​

Source: {Source}
Sterling University Housing shines on Northgate skylineSterling University Housing shines on Northgate skylinehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107572015-10-08T05:00:00Z

​​COLLEGE STATION - Sterling University Housing has acquired a site near Texas A&M University for a 750-bed student housing project.

Located in the Northgate area, Sterling Northgate will break ground this October and open in August of 2017.

The property will offer one-, two-, four- and five-bedroom floor plans. Plans call for a rooftop pool and hot tub overlooking campus and Kyle Field, fully furnished residences, social lounge, cyber cafe, fitness center and private study rooms.

Houston Chronicle
College Station-Bryan
http://blog.chron.com/primeproperty/2015/10/dinerstein-cos-to-break-ground-on-residences-for-texas-am-students/Read more at the {Source}
Victoria: DeTar Hospital rushes 15,000 SF to new emergency roomVictoria: DeTar Hospital rushes 15,000 SF to new emergency roomhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107422015-10-08T05:00:00Z

​VICTORIA - Crossroads residents should expect a new, modern emergency room to make its debut at DeTar Hospital Navarro as early as next summer.

Adding almost 15,000 sf of patient care area at a cost of about $10 million, the new emergency department will feature a total of 23 private exam rooms, including two trauma suites, two cardiac suites, two triage rooms and one isolation room.

Also, 75 parking spaces will be added in an effort to provide better access to the emergency department.

Lisa Price, director of emergency and trauma services, said the hospital has already begun the process of hiring new nurses to prepare for the expansion.

Since 2010, DeTar emergency room volume has increased 36 percent.

The new construction will replace the existing 11-bed emergency department and expand the hospital's footprint across Guadalupe St.

In collaboration with Texas A&M Health Science Center, the Juan Linn building will also undergo renovations to accommodate 18 exam rooms for the DeTar Healthcare System Family Medicine Residency Program.

The first resident is set to start July 2016, which is the scheduled completion date for the new emergency department.

During the construction process, the emergency department will remain open to patients.
Victoria Advocate
https://www.victoriaadvocate.com/news/2015/aug/27/detar-navarro-officials-break-ground-to-expand-er/Read more at the {Source}
Southlake Town Square growth shows no signs of slow downSouthlake Town Square growth shows no signs of slow downhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107482015-10-08T05:00:00Z

​SOUTHLAKE - From his office, Frank Bliss takes in the view of the popular downtown he helped create in Southlake Town Square.

With 1.5 million sf built today, half of which is retail, restaurants and entertainment, it would be easy for Bliss to sit back and enjoy the outdoor shopping and municipal mecca that opened 16 years ago. But for him, Southlake Town Square is far from finished. 

Over the next few years, Bliss said, Town Square will add up to 700,000 sf of offices, retail, restaurants and high-end residential.

Southlake Town Square will add up to 700,000 sf of offices, retail, restaurants and high-end residential.

With 1.5 million sf built today, half of which is retail, restaurants and entertainment, there are no signs of slowing down.

Town Square’s success also created a steady stream of nearby developments, including the Shops of Southlake, anchored by the always-busy Central Market grocery store, and Nordstrom Rack; the trendy Park Village, home to Fresh Market; and Carroll Pointe, which features a Chuy’s Tex-Mex restaurant and other retail.​​

Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
http://www.star-telegram.com/news/local/community/northeast-tarrant/article37411341.htmlRead the full article at the {Source}
Midland: Fasken's Sandstone Ridge apartments storms to completionMidland: Fasken's Sandstone Ridge apartments storms to completionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107622015-10-08T05:00:00Z

MIDLAND - Fasken’s Sandstone Ridge apartments has opened, and despite the downturn in the oil industry the complex has an 83 percent occupancy rate.

Sandstone​ rents range between $1,350 for a 608-sf one-bedroom, one-bath apartment to $2,375 for a 1,180-sf three-bedroom, two-bath townhome.

Figures obtained from the Midland Central Appraisal District show that the 22.4-acre property increased in value from $448,000 in 2014 to $11,437,680 currently.

The company is examining its options as far as a second phase. It appears that, for now, they will delay adding to Sandstone, which is envisioned to eventually have up to 380 units.
Midland Reporter-Telegram
http://www.mrt.com/business/development/article_435ebc7c-631c-11e5-9f57-9309c87f0328.htmlRead more at the {Source}
Abilene Prairie Gardens phoenix rising from ashesAbilene Prairie Gardens phoenix rising from asheshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107412015-10-08T05:00:00Z

​​​ABILENE - The site of the former 21/21 Apartments — which was burned down in 2003 — is going to be Prairie Gardens apartment complex, providing low-income senior housing.

Three building permits — totaling $4.3 million — have been issued for the address at 2109 N. 6th St.

According to building permits, the main building will be two stories and will have 40 apartments, office, maintenance area, fitness room, theater, library and community room. Two smaller one-story buildings will each house four units.

In February 2014, the Abilene City Council adopted a resolution supporting the 48-unit complex for housing tax credits, and later the council rezoned the property to allow the development.

Abilene Reporter-News
http://www.reporternews.com/columnists/larry-zelisko/larry-the-answer-guy-site-will-be-apartments-again_84501628Read the full article at the {Source}
Hotel ZaZa paints new skyline in Memorial CityHotel ZaZa paints new skyline in Memorial Cityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107382015-10-08T05:00:00Z

​HOUSTON - MetroNational has partnered with Z Resorts to build Hotel ZaZa to Memorial City at the intersection of I-10 and Bunker Hill Rd. in west Houston.

The 17-story project will have 159 hotel rooms and 130 apartment units.

Hotel ZaZa Memorial City, 9787 Katy Fwy., and will be the third property opening for the brand, joining Hotel ZaZa Austin and Hotel ZaZa Wade Park in Frisco.

MetroNational and Z Resorts are dedicating four levels of the 17-story Hotel ZaZa Memorial City to apartments — 130 units — with guests having access to all ZaZa amenities including concierge services. The apartments will perch atop the hotel and will boast a separate, private pool experience.

Hotel ZaZa is slated to open in summer 2017.

Realty News Report
Houston-The Woodlands-Sugar Land
http://realtynewsreport.com/2015/10/04/hotel-zaza-under-construction-at-metronationals-memorial-city-in-houston/Read the full article at {Source}
JQ moves HQ to Dallas Design DistrictJQ moves HQ to Dallas Design Districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107542015-10-08T05:00:00Z

DALLAS - Engineering firm JQ is in the midst of transitioning its headquarters from Austin to Dallas, and recently bought a Design District building to house its new corporate offices and accommodate its growth.​

The new 31,000-sf building at 100 Glass St. near Levee St. in Dallas more than doubles the structural and civil engineering firm's Dallas footprint.

"We started in Austin, but with the growth of the Dallas office, we are shifting our headquarters up to Dallas and Dallas-Fort Worth," Managing Partner Stephen Lucy said.

That growth has brought JQ's employee base to the Dallas office to 75, with another 20 employees in Fort Worth. In Austin, JQ has about 15 employees.

By the end of the year, JQ plans to bring nearly 100 employees into the new building, which is currently being renovated.

Plans for the renovations include adding larger conference rooms, cafe rooms, a fitness room and rooftop deck.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/blog/morning_call/2015/10/exclusive-jq-to-relocate-hq-to-newly.htmlRead more at the {Source}
Being Abrasive pays off in PasadenaBeing Abrasive pays off in Pasadenahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106362015-10-07T05:00:00Z

​​​​​​​​PASADENA - Abrasive Products, a surface enhancements solutions provider, has preleased 102,508 sf at 3009 Hwy. 225.

The 215,805-sf, single-story facility is one of three new buildings under construction within Port 225 — Clarion Partners' three-building, 697,000-sf industrial park located northwest of the E. Sam Houston Pky. and Pasadena Fwy. interchange in Houston's East-Southeast Far Industrial submarket. 

The three new buildings all broke ground last month and will add 753,864 sf to the park upon completion in March 2016.

CoStar Group
Houston-The Woodlands-Sugar Land

​​Need free industrial reports? The Center has a variety for you at Houston-The Woodlands-Sugar Land Market Research​.

Read more at {Source}
W.D. Von Gonten inks Block 10 West Office ParkW.D. Von Gonten inks Block 10 West Office Parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107582015-10-07T05:00:00Z

HOUSTON - W.D. Von Gonten & Co., petroleum engineering company​, has signed a 73,000-sf lease at Block 10 West Office Park.

The two-story, 207,000-sf office building was built in 2013 at 10496 Old Katy Rd. in the Katy Fwy. East submarket.

Plans are to occupy the space in 2016.

CoStar Group
Houston-The Woodlands-Sugar Land

Click here to see our Market Research on the Houston Office market!

Source: {Source}
Banking on LubbockBanking on Lubbockhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107372015-10-07T05:00:00Z

​LUBBOCK - Lubbock-area bank deposits surpassed the $7.5 billion mark in 2015 with nearly a $290 million increase in deposits between July 2014 and June 2015, according to figures compiled by the Federal Deposit Insurance Corp.

The Lubbock area's 28 banks had combined deposits of nearly $7.68 billion, a 3.9 percentage increase from $7.38 billion on June 30, 2014, according to the FDIC data, which includes banks in Crosby and Lynn counties.

Area bankers said the continued increase in deposits is a sign of the city's healthy economy, along with a continued growth in construction.

City Bank, PlainsCapital and Wells Fargo Bank held the first, second and third spots. The three represent almost half the market.​
Lubbock Avalanche-Journal
http://lubbockonline.com/filed-online/2015-10-03/lubbock-area-banks-experience-increase-2014-15-deposits-due-growth-cityRead more at {Source}
Irving: CBRE announces sale of 308-unit NewportIrving: CBRE announces sale of 308-unit Newporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107432015-10-07T05:00:00Z

​​​IRVING - CBRE Capital Markets’ Investment Properties announces the sale of Newport, a 308-unit multifamily community in the North Dallas suburb of Irving. ​

The 238,784-sf asset, located at 3466 North Beltline Rd. in Irving, was built in 1981. The Class B complex is comprised of one- and two-bedroom units with an average size of 775 sf. 

Two hundred units have been upgraded with modern wall texturing, customized kitchen cabinet doors, black appliances and faux-wood flooring in select areas of each unit. ​​

The experienced buyer plans to complete the remaining unit remodels, add a dog park and increase the size of the play area.​

It was 96 percent occupied at closing. 

The PPA Group, based in Austin, purchased the asset from Shreveport, Louisiana-based Fortis Company. Chris Deuillet, First Vice President with CBRE in Dallas, represented the seller.​

CB Richard Ellis
Dallas-Fort Worth-Arlington
http://www.cbre.us/o/dfwmarket/real-estate-news/Pages/default.aspxSource: {Source}
San Antonio: $30M grant sprouts redevelopment at Wheatley CourtsSan Antonio: $30M grant sprouts redevelopment at Wheatley Courtshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107442015-10-07T05:00:00Z

​SAN ANTONIO - The 13-acre site where Wheatley Courts once stood will soon be transformed from public housing to mixed-income apartments, making it the centerpiece of a $100 million effort to rebuild an entire East Side neighborhood.

The redevelopment, spearheaded by a $29.7 million Choice Neighborhood grant from the Department of Housing and Urban Development, involves the purchase of more than 30 homes to be leveled for more apartments.

The project also will rehab existing homes, repave streets and sidewalks, add 137 pedestrian light poles, 292 trees and create a new park and basketball courts.

According to the 2010 census, the median household income for the Wheatley Courts neighborhood was $17,795 — 64 percent lower than the median household income for San Antonio. Population growth from 2000–2010 was 1.5 percent compared with 25 percent across the rest of the city.

The massive construction zone where the courts once stood accounts for phase one and two (215 apartments) of the unnamed mixed-income project. Also, 80 senior apartments, a park and the Bibliotech electronic library is planned for inside the Wheatley Courts footprint.

Included in the Choice grant is money to purchase vacant lots surrounding the former courts — roughly 35 properties — to eventually be sold to builders of single-family homes for infill.
San Antonio Express-News
San Antonio-New Braunfels
http://www.expressnews.com/business/article/Revival-under-way-at-old-East-Side-housing-project-6548132.php?cmpid=gsa-mysa-resultRead more at the {Source}
$1.9M campus upgrade to Our Lady of the Lake University in La Feria$1.9M campus upgrade to Our Lady of the Lake University in La Feriahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107552015-10-07T05:00:00Z

​​LA FERIA - Our Lady of the Lake University's local branch is expanding its campus as it move its branch campus at a former La Feria elementary school into a $1.9 million city building by summer 2016.

Officials have broken ground at 1650 S. Main St. where the 11,500-sf building will offer ten classrooms, office space and a conference room when construction is completed in June, City Manager Sunny Philip said.

Director Patricia Longoria said the university, whose contract with the La Feria school district expires next August, will expand from the former Sam Houston Elementary School campus, which offers seven classrooms and two computer labs.

Next door to the new site, Longoria said, a 20,000-sf domed storm shelter under construction will serve as a student commons and event center.​

Valley Morning Star
http://www.valleymorningstar.com/news/local_news/article_940d01e6-6bd8-11e5-8903-23822a0051de.htmlRead more at the {Source}

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