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Cornerstone Projects Group to develop 30K-sf office projectCornerstone Projects Group to develop 30K-sf office projecthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241202020-04-06T05:00:00Z2020-04-06T19:00:00Z

FORT WORTH – Cornerstone Projects Group is developing Triune Cent​er, a 30,000-sf office project at the intersection of I-30, Montgomery St., and Chisholm Trail Pkwy. 

The six-story, Class A building will feature an automated valet parking garage by Trident Structures. 

Construction will begin as early as May and will last 12 months. 

Stream Realty Partners will handle leasing.

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

REBUSINESS
Dallas-Fort Worth-Arlington
Office
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Quadrant redeveloping Dallas’ Design DistrictQuadrant redeveloping Dallas’ Design Districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241212020-04-06T05:00:00Z2020-04-06T19:00:00Z

​DALLAS – Quadrant Investment Properties is renovating a series of old commercial and warehouse buildings northwest of downtown.

Most of the properties are on Manufacturing St., Irving Blvd., and Levee St. near the Trinity River.

The developer will repurpose the old buildings to take advantage of demand for tenants moving to the former industrial area.

CD Studio Design is the​ architect.

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

REBUSINESS
Dallas-Fort Worth-Arlington
Industrial
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Kansas City developer building 708K-sf industrial project in Fort WorthKansas City developer building 708K-sf industrial project in Fort Worthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241222020-04-06T05:00:00Z2020-04-06T19:00:00Z

FORT WORTH ​– NorthPoint Development is building a 707,592-sf speculative warehouse on FM 156 near Alliance Airport.

Work will start on the $18 million Intermo​dal Logistics Center project next month, according to filings with the state.

CBRE is leasing the project, which was designed by Missouri-based StudioNorth.

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

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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SA Apartment Association proposes rental assistance program SA Apartment Association proposes rental assistance program https://www.recenter.tamu.edu/news/newstalk-texas/?Item=241232020-04-06T05:00:00Z2020-04-06T19:00:00Z

SAN ANTONIO – The San Antonio Apartment Association has proposed an emergency rental assistance program to help residents strug​gling to pay rent. 

The organization is encouraging its members to forgive 25 percent of outstanding rents and waive late fees for residents earning less than the area median income. 

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

​Source: REBusiness Online

REBUSINESS
San Antonio-New Braunfels
Multifamily
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227-unit Pasadena multifamily portfolio under new ownership227-unit Pasadena multifamily portfolio under new ownershiphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241192020-04-06T05:00:00Z2020-04-06T18:00:00Z

​PASADENA – Two workforce housing properties totaling 227 units have been sold.

The portfolio consists​ of Fieldstone Apartments at 3201 Red Bluff Rd. and Embers Apartments at 2120 Strawberry Rd.

The buyer plans to make extensive renovations to both the interior and exterior of the properties.

Marcus & Millichap marke​ted the property on behalf of the seller and represented the buyer.

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

​Source: Connect Media

Connect Media
Houston-The Woodlands-Sugar Land
Multifamily
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Texas jobless claims skyrocket amid COVID-19 crisisTexas jobless claims skyrocket amid COVID-19 crisishttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241162020-04-06T05:00:00Z2020-04-06T17:00:00Z

AUSTIN – In the week of March 23, 267,000 Texans filed for unemployment benefits, bringing the total making initial claims to more than 430,000 in two weeks. 

That is about 4 percent of the Texas workforce, which is enough to bounce the state’s official unemployment rate from a near-record low of 3.5 percent into high single digits. 

Nationally, a record 6.65 million people filed first-time jobless claims that week, double the number from the previous week. 

Since unemployment systems across the country have been overwhelmed, economists estimate numbers to be higher. 

The Texas Workforce Commission is working to hire more staff and improve operations to handle claims. 

Texas logoThe Real Estate Center has a wealth of economic information online for free.

Austin American-Statesman
Texas
Employment
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129-unit multifamily portfolio trades hands129-unit multifamily portfolio trades handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241172020-04-06T05:00:00Z2020-04-06T17:00:00Z

​​EL PASO – Two multifamily properties totaling 129 untis have been sold. 

Built in 1981, the properties at 525 and 670 N. Carolina Drive feature two-bedroom units averaging 600 sf. 

Greysteel arranged the transaction.

Texas logoThe Real Estate Center has more news like this:

Source: REBusiness Online
REBUSINESS
El Paso
Multifamily
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Harris County Texas' fastest-growing countyHarris County Texas' fastest-growing countyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241182020-04-06T05:00:00Z2020-04-06T17:00:00Z

​​HARRIS COUNTY – According to U.S Census data, Harris County is Texas' most populous and fastest-growing county. 

With a populatio​n of 4.71 million as of July 2019, it is the third-largest county nationally.  

The county, which is the third fastest-growing county nationally, saw its population grow by 33,280 from July 1, 2018, to July 1, 2019. 

Harris County trails Maricopa County in Arizona, which saw population growth of 83,011, and Clark County in Nevada, which saw a 40,600-person increase.

Texas logoThe Real Estate Center has a more population data online for free: 

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Demographics & Population
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Houston medical office absorption up 48K sf last monthHouston medical office absorption up 48K sf last monthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241142020-04-03T05:00:00Z2020-04-03T17:00:00Z

​HOUSTON – Overall vacancy for local medical office space was at 17 percent and availability was at 18.5 percent in February, both down from the previous month. 

According to NAI Partners, leasing activity was 230,000 sf in February 2020. Net absorption (move-ins minus move-outs) was at 157,000 sf, up from 109,000 sf in January 2020. 

There was 251,000 sf of medical space under construction, and one project delivered 65,000 sf. 

The average asking full-service rent was $27.25 per sf, while Class A medical office space averaged $32.93 per sf.

Texas logoThe Real Estate Center has more Houston-area medical news​ on our website for free. 

​​Source: NAI Partners

NAI Partners
Houston-The Woodlands-Sugar Land
Medical
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TxDOT proposes $28M FM 1488 widening project TxDOT proposes $28M FM 1488 widening project https://www.recenter.tamu.edu/news/newstalk-texas/?Item=241152020-04-03T05:00:00Z2020-04-03T17:00:00Z

​​Drawing of proposed FM 1488 widening

MAGNOLIA – The Texas Department of Transportation has proposed widening FM 1488 from US 290 Business to Joseph Rd. to improve safety, mobility, and connectivity. 

The $28 million project will widen the current two-lane road to a four-lane road with a median that spans approximately 20 miles. 

The project also seeks to improve connectivity between I-45 and US 290.

Texas logoThe Real Estate Center has more infrastructure and transportation news for Houston.

Source: Community Impact Newspaper

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Infrastructure & Transportation
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55K-sf Rockwall shopping center sold55K-sf Rockwall shopping center soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241092020-04-03T05:00:00Z2020-04-03T16:00:00Z

Rockwall shopping center ROCKWALL – Ridge Road Towne Center, a 54,250-sf neighborhood shopping center, has been sold.

Built in 2005, the property at 1107 Ridge Rd. was 74 percent leased at the time of sale. 

Wellington Realty represented the seller.

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

REBUSINESS
Dallas-Fort Worth-Arlington
Retail
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Trinity Industries takes 150K-sf at International Plaza Trinity Industries takes 150K-sf at International Plazahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241102020-04-03T05:00:00Z2020-04-03T16:00:00Z

International Plaza in Farmer's Branch

​FARMERS BRANCH – Trinity Industries is moving its headquarters to the International Plaza office campus on the Dallas North Tollway.

The company is taking 150,000 sf in th​e high-rise project just north of Spring Valley Rd. on the west side of the tollway. 

Trinity Industries owns its current location at 2525 N. Stemmons Fwy. ​in Dallas.

Built in 1999 and 2002, International Plaza is owned by Taconic.

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

Dallas Morning News
Dallas-Fort Worth-Arlington
Office
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ABOR reopens in-person showings after executive order ABOR reopens in-person showings after executive order https://www.recenter.tamu.edu/news/newstalk-texas/?Item=241112020-04-03T05:00:00Z2020-04-03T16:00:00Z

​AUSTIN – Realtors in the metro are being told they can show properties again under a new statewide COVID-19 order. 

After Central Texas’ first shelter-in-place orders ​were announced, the Austin Board of Realtors (ABOR) strongly discouraged its members from in-person showings in certain locations. 

​However, after a recent executive order from Gov. Greg Abbott, ABOR said, "Realtors can show property across the market but should exercise great caution in doing so."

The order went into effect April 2.

Texas logoGet more COVID-19-related news on the Real Estate Center's website:

​​​Source: Austin Business Journal

Austin Business Journal
Austin-Round Rock
Housing
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$1.2M New Life Apostolic Church opens in Killeen $1.2M New Life Apostolic Church opens in Killeen https://www.recenter.tamu.edu/news/newstalk-texas/?Item=241122020-04-03T05:00:00Z2020-04-03T16:00:00Z

new church in Killeen

KILLEEN – New Life Apostolic Church has opened a new $1.2 million building at 4712 E. Rancier Ave. 

The church can seat 279 people. 

Due to the coronavirus outbreak, the church will offer streaming services until it is able to open to the public.

Texas logoThe Real Estate Center​​​​ has more Killeen-Temple real estate news​ online.

​Source: Killeen Daily Herald

Killeen Daily Herald
Killeen-Temple
Public Facilities
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Gov. Abbott introduces rental assistance program to ease COVID-19 strain Gov. Abbott introduces rental assistance program to ease COVID-19 strain https://www.recenter.tamu.edu/news/newstalk-texas/?Item=241132020-04-03T05:00:00Z2020-04-03T16:00:00Z

​​​AUSTIN – Governor Greg Abbott and the Texas Department of Housing and Community Affairs (TDHCA) have introduced a tenant-based rental assistance program for Texans experiencing financial hardships. 

Abbott has waived statutes related to the Department of Housing and Urban​ Development's (HUD) HOME Investments Partnership program, which provides grants in partnership with nonprofits to build, buy, and rehabilitate affordable housing projects. 

Waiving these statutes will give Texans more flexibility in using these funds to pay rent. 

The governor’s office has officially requested federal waivers from HUD to allow funds to be reprogrammed for that purpose. 

Texas logoGet more COVID-19-related news on the Real Estate Center's website:

​​​Source: REBusiness Online

REBUSINESS
Texas
Multifamily
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278-unit Windrush Apartments trades hands in Fort Worth278-unit Windrush Apartments trades hands in Fort Worthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241082020-04-03T05:00:00Z2020-04-03T15:00:00Z

​​​​Windrush Apartments

FORT WORTH – Shore to Shore Properties has sold the 278-unit Windrush Apartments to a California-based buyer. 

​​Built in 1984, the property at ​3500 Renzel Blvd. has both apartments and townhomes. 

Amenities include two pools, a fitness center, basketball court, and picnic areas. 

FourPoint Investment Sales Partners arranged the transaction. The new owner will implement a value-add program.

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

​Source: REBusiness Online

REBUSINESS
Dallas-Fort Worth-Arlington
Multifamily
Read more at {Source}
Turnbridge Equities planning high-rise hotel in downtown AustinTurnbridge Equities planning high-rise hotel in downtown Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241022020-04-02T05:00:00Z2020-04-02T19:00:00Z

​AUSTIN – New York-based Turnbridge Equities is planning a high-rise hotel on a 10,000-sf lot at 617 Colorado St. 

An entity connected to the company purchased the site from 712 Congress Holdings LLC.  

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

Austin Business Journal
Austin-Round Rock
Hotel
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Zinkpower moves forward on $32M galvanizing plant Zinkpower moves forward on $32M galvanizing plant https://www.recenter.tamu.edu/news/newstalk-texas/?Item=241032020-04-02T05:00:00Z2020-04-02T19:00:00Z

​​WACO – Zinkpower has secured a $15 million permit to build a 161,000-sf galvanizing plant at 7401 Mars Dr.

The company will receive tax incentives and a $350,000 grant by hiring 100 employees and offering wages of at least $12/hour.

Mitchell Construction is the general contractor. 

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

​Source: Waco Tribune-Herald

Waco Tribune-Herald
Waco
Industrial
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Wallisville Industrial Park adds two tenants totaling 29K sf Wallisville Industrial Park adds two tenants totaling 29K sf https://www.recenter.tamu.edu/news/newstalk-texas/?Item=241042020-04-02T05:00:00Z2020-04-02T19:00:00Z

​WALLISVILLE – Two tenants have leased a combined 28,138 sf in Wallisville Industrial Park at 9135 Wallisville Rd.

Universal Wiping Rags will occupy 17,531 sf. Mariners Trading Corp. will move into a 10,607-sf building. 

Moody Rambin represented the owner during lease negotiations.

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

​Source: Realt​y News Report

Realty News Report
Houston-The Woodlands-Sugar Land
Industrial
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Star Cinema to open 57K-sf Woodlands location at former Randall’s siteStar Cinema to open 57K-sf Woodlands location at former Randall’s sitehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=241052020-04-02T05:00:00Z2020-04-02T19:00:00Z

THE WOODLANDS – Star Cinema Grill has leased 56,911-sf within the Windvale Center at 9429 College Park Dr. 

The company, which was recently acquired by Cinemex, will replace a Randall’s grocery store.

The J. Beard Real Estate Co. represented the landlord, Brixmor Property Group.

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

​Source: Houston Chronicle

Houston Chronicle
Houston-The Woodlands-Sugar Land
Retail
Read more at {Source}

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