Senior living—Larkspur at Live Oak—to Bexar CountySenior living—Larkspur at Live Oak—to Bexar Countyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173872017-08-19T05:00:00Z2017-08-19T17:00:00Z

A rendering of one of the buildings for the Larkspur at Live Oak senior living development.

LIVE OAK, BEXAR COUNTY – California-based Drever Capital Management has plans for a new senior living community called Larkspur at Live Oak.

The 213-unit, four-story community will feature private garages, an outdoor recreation space with a resort-style pool, cabanas, and an outdoor kitchen. 

The community will sit on 15 acres between Gateway Blvd. and Old Austin Rd. off the I-35 frontage Rd.

Larkspur at Live Oak plans to break ground late 2017 and is scheduled to deliver early 2019.

The community will also feature a separate 64-unit Montessori-inspired memory care community.​
San Antonio Business Journal
San Antonio-New Braunfels

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Food, beverage distributor docks at Northport 35Food, beverage distributor docks at Northport 35https://www.recenter.tamu.edu/news/newstalk-texas/?Item=174742017-08-18T05:00:00Z2017-08-18T22:40:00Z

location of Northport 35 Business Center in relation to the area surrounding NORTHLAKE – A 349,425-sf industrial lease in the Northport 35 Business Center on I-35W has been signed.

Northport 35 Business Center is a three‐building 945,035-sf industrial development located near Texas Motor Speedway.

Allen Distribution, a growing food and beverage service company, leased the space in Northport 35 Business Center from Stream Realty Partners.​​

Dallas Morning News
Dallas-Fort Worth-Arlington

For free quarterly reports see DFW Industrial Market Research.

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27-Story condo tower heartbeat in Legacy West 27-Story condo tower heartbeat in Legacy West https://www.recenter.tamu.edu/news/newstalk-texas/?Item=172872017-08-18T05:00:00Z2017-08-18T22:25:00Z

​​​Map showing Windrose Tower locationPLANO – Construction is about to begin on a 27-story condominium tower in Legacy West named The Windrose Tower.

The new residential tower is being built next door to Liberty Mutual Insurance's new regional office complex on Headquarters Dr.

Construction on Windrose Tower started earlier this month.

Condos in the tower will range from 1,850 sf to 11,000 sf for the penthouse.

With more than 100 homes, units in the building is expected to be priced at $1 million and up.​

Dallas Morning News
Dallas-Fort Worth-Arlington

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Touchdown for Omni Frisco Hotel; yes, da kids will want to stayTouchdown for Omni Frisco Hotel; yes, da kids will want to stayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173012017-08-18T05:00:00Z2017-08-18T22:00:00Z

Photos of Omni Frisco HotelFRISCO – After nearly two years of construction the 16-story, 300-room Omni Frisco Hotel has opened.

The facility, located at 11 Cowboys Way, is inside The Star development and adjacent to the Ford Center, the Dallas Cowboys’ practice facility.

Many of the lodging’s amenities pay homage to the Dallas Cowboys, including details like football-shaped light fixtures outside the hotel’s grand ballroom and stars stitched onto the throw blankets on guest room beds.

The hotel can also handle large corporate events in 24,000 sf of indoor meeting space, and an additional outdoor area that can hold between 300 and 350 guests.​

Dallas Business Journal
Dallas-Fort Worth-Arlington
https://www.bizjournals.com/dallas/news/2017/07/31/see-inside-the-cowboys-themed-hotel-driving.htmlSource: {Source}
Health care firm HQ moving to The SoundHealth care firm HQ moving to The Soundhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173122017-08-18T05:00:00Z2017-08-18T22:00:00Z

Map showing location on The Sound Development​DALLAS – The Delta Cos., a physician and health care-staffing firm with operations across the U.S., is moving its headquarters a mixed-use development at Cypress Waters called The Sound near LBJ Fwy. and Belt Line Road.

The health care firm has rented 38,000 sf in the project.

Delta plans to move into its new location in 2018.​

Dallas Business Journal
Dallas-Fort Worth-Arlington

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Outdoor movie screen to Frisco plus . . .Outdoor movie screen to Frisco plus . . .https://www.recenter.tamu.edu/news/newstalk-texas/?Item=173972017-08-18T05:00:00Z2017-08-18T22:00:00Z

​​Rendering of Tower at the Rail, courtesy Nack DevelopmentFRISCO – Frisco Planning and Zoning Commission approved plans for a new Cinemark Theatre and a new mixed-use development in downtown.

Cinemark plans to build a new ten-screen theater at the southwest corner of US 380 and the Dallas North Tollway.

The theater includes an outdoor movie screen with a sloped viewing lawn.

The commission approved the site plan for the theater and two commercial buildings.

The commission also approved a rezoning request for Tower at the Rail, a mixed-use development planned for the southwest corner of Elm St. and Seventh St.

The development will encompass a two-story building in which the bottom floor will have retail shops and the top floor will have restaurants.

There will also be eight luxury townhouses that will surround the building and share an open space.

Community Impact Newspaper
Dallas-Fort Worth-Arlington

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Booming 'burbs, new bridge, hefty detoursBooming 'burbs, new bridge, hefty detourshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=174522017-08-18T05:00:00Z2017-08-18T22:00:00Z

​​An image of a road sign that reads SCHERTZ – Construction on the $7.2 million expansion of the FM 1103/Hubertus Rd. bridge over I-35 began mid-August 2017 and should wrap up by spring 2019. 

The project will expand the existing two lane bridge to five lanes, plus turnarounds. 

The expansion should ease traffic over the busy bridge but in the meantime could mean a hefty detour for some drivers.

According to TxDOT, the expansion was motivated by the incredible growth in Schertz and Cibilo, which has proven too much for the old bridge. 

The new bridge should position the intersection to meet the demands of the growing suburban communities. 
San Antonio-New Braunfels
Infrastructure & Transportation
http://www.mysanantonio.com/news/local/traffic/article/7-2-million-project-for-Schertz-FM-1103-bridge-11747971.php#item-38489Read more at {Source}
Frisco: June 2017 housing market by ZIPFrisco: June 2017 housing market by ZIPhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=174542017-08-18T05:00:00Z2017-08-18T22:00:00Z

FRISCO – The latest housing market data has been released by Community Impact Newspaper.​​​​​​​​​Community Impact Newspaper Frisco June Housing Market Data

Community Impact Newspaper
Dallas-Fort Worth-Arlington

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NetScout's new 145K-sf hub underway in AllenNetScout's new 145K-sf hub underway in Allenhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173372017-08-18T05:00:00Z2017-08-18T21:50:00Z

Rendering of NetScout Systems Inc. new Allen HubALLEN – Construction is underway on a three-story, 145,000-sf regional hub for NetScout Systems Inc. Cost of construction is estimated at $21.5 million, according to TDLR.

The cybersecurity company plans to relocate about 500 employees into the new hub.

Completion is set for summer 2018 at One Bethany at Watters Creek, 75013 .

The company plans to expand the campus to accommodate roughly 800 workers in the next few years.​ 

Dallas Business Journal
Dallas-Fort Worth-Arlington

​RELATED: Tech firm shifting from Plano to Allen​

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Cibolo: I-35 corridor theater in the worksCibolo: I-35 corridor theater in the workshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173882017-08-18T05:00:00Z2017-08-18T21:45:00Z

The inside of a Santikos theater.CIBOLO – A San Antonio-based company plans to break ground as soon as this fall on a new multiscreen theater complex at I-35 and Wiederstein Rd.

The project, by Santikos Entertainment, will include as many as 16 auditoriums featuring the latest in digital technology, Dolby ATMOS sound systems and recliner seating. 

The company is looking to start construction on the theater project in fall 2017 so it can open by fall 2018.​

The new venue will also house several bowling lanes, a high-energy sports bar, full restaurant and arcade games.

San Antonio Business Journal
San Antonio-New Braunfels

​Check ​out San Antonio-New Braunfels Retail Market Research.

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Small land purchases come with big price tagSmall land purchases come with big price taghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173072017-08-18T05:00:00Z2017-08-18T21:35:00Z

​​AMARILLO, LUBBOCK – The average price per acre of “small land Infographic for small land transactions across Texaspurchases" in the Texas Panhandle and South Plains shot up 34.8 percent from 2015 to 2016, according to a recently released Texas Association of Realtors study

Small land purchases in Region 1, which spans from the top of the Texas Panhandle to Midland and Odessa, are defined as 159 acres or less. 

They typically include rural farmland or ranch properties but do not reflect oil and gas mineral rights acquisitions. 

Buyers spent an average of $2,374 per acre on 163 such purchases in Region 1 ​​​last year, up from $1,761 in 2015. 

The 34.8 percent increase was 2.5 times that of Northeast Texas, which had the state’s next-largest increase. 

The total acreage of all small land purchases dropped 10.6 percent from 2015 to 2016, but sales rose $27.8 million. ​
Amarillo Globe-News
http://amarillo.com/news/local-news/business/2017-07-29/small-land-sale-prices-skyrocket-around-amarillo-lubbockSource: {Source}
El Paso mall defies national trends—growthEl Paso mall defies national trends—growthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=174462017-08-18T05:00:00Z2017-08-18T21:05:00Z

​​EL PASO – Cielo Vista Mall will add three new tenants before the end of the August 2017, bucking a national trend of declining malls—a growing online shopping trend has hurt retail shopping centers across the country.

Simon Property Group, the company that owns Cielo Vista Mall, recently announced that retailers ThinkGeek, Ooh La La and Adore Cosmetics are moving into the Eastside shopping center.

​Tim Fullerton, a professor of economics at UTEP, said the mall has fared well because it has kept up with changing trends and because surrounding businesses make the location a desirable destination for customers and highly sought out Mexican shoppers.

Mexican shoppers pump millions of dollars into the El Paso economy every year, and most recent data indicated Mexican nationals spent $46 million in El Paso County in 2012.

El Paso Inc.
El Paso
http://www.elpasoinc.com/news/local_news/cielo-vista-mall-defies-mall-meltdown/article_613b3092-8046-11e7-a26d-e3879cb9ffd9.htmlRead more at {Source}
Katy West Ten Business Park newsKaty West Ten Business Park newshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=172762017-08-18T05:00:00Z2017-08-18T21:00:00Z

​​​KATY – VAHLE Inc., a manufacturer of mobile electrification products, has broken ground on a headquarters at West Ten Business Park on Houston metro’s far west side. 

The 40,000-sf office building and warehouse will aid in the distribution of VAHLE’s services throughout the United States and Mexico. 

The project is expected to cost $7.7 million and be completed in fall 2018.

VAHLE currently operates at 1169 Brittmoore Rd. in Houston.
NAI Partners
Houston-The Woodlands-Sugar Land

​Check Connect for more on this story​. Check out Houston's Industrial Market Research​.​​

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$27M rec center on its game$27M rec center on its gamehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173582017-08-18T05:00:00Z2017-08-18T21:00:00Z

​​AUSTIN – Construction will begin in September 2017 on a $27 million recreation center west of Oak Hill.

The Junction Athletic Complex, planned for 8921 W. Hwy. 290, will serve Central Texas residents from Dripping Springs, South Austin, Lake Travis, Westlake, Buda and Kyle.
Rendering of Junction Athletic Complex west of Oak Hill
The 59-acre, 90,000-sf facility will include six indoor basketball courts that can be converted into volleyball courts; four regulation-size grass fields; 12 sand volleyball courts; a two-mile outdoor walking trail and a 50-meter pool. 

A weight room, locker room, pro shop and concession area will also be included.

Members will be able to participate in a range of fitness classes including yoga and spin. 

The facility, which will be accessible by membership and will also be available for corporate meetings and birthday parties, is slated to open September 2018.
Community Impact Newspaper
Austin-Round Rock

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Winding Trails wind up changing hands Winding Trails wind up changing hands https://www.recenter.tamu.edu/news/newstalk-texas/?Item=173592017-08-18T05:00:00Z2017-08-18T21:00:00Z
​​​Picture of the Winding Trails apartment complex in HoustonHOUSTON – The Winding Trails Apartments, a 438-unit community in Houston, was acquired by One Real Estate Investment from Ilan Investments. 

Located at 10300 Wilcrest Dr., the 28-building asset features one-, two- and three-bedroom units, averaging 803 sf per apartment​. 

Community amenities include:
  • a clubhouse;
  • two swimming pools;
  • five laundry facilities; and 
  • 750 parking spaces.
The community was 93 percent occupied at the time of sale.
Multi-Housing News
Houston-The Woodlands-Sugar Land

​​​​Read more about the Houston multifamily market here

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Thank oil patch conditions for Odessa’s economyThank oil patch conditions for Odessa’s economyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173812017-08-18T05:00:00Z2017-08-18T21:00:00Z

​​​A postcard circa 1930-45 that reads, ​ODESSA – The Odessa Economic Index increased for the eighth straight month in June 2017, finishing at 197.9. 

According to West Texas economist Karr Ingham, the 3.4-point increase was the largest monthly gain since November 2011, and the second highest ever.​

“Vastly improved conditions in the oil patch are propelling the Odessa general economy upward in a hurry, midway through 2017,” Ingham noted. 

Factors such as spending, building permits, existing home sales and rig counts have increased, despite the decrease of crude oil prices in June.

However, “under the assumption that crude oil prices remain at least generally steady and do not decline appreciably in the near term, it is safe to assume that the balance of 2017 will bring continued economic growth and recovery in Odessa,” Ingham added.
Online news

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GLō DeSoto with $4M hotelGLō DeSoto with $4M hotelhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173392017-08-18T05:00:00Z2017-08-18T20:55:00Z

​​​​A rendering of Best Western's GLō properties.DeSOTO – Best Western Hotels & Resorts​ broke ground on GLō DeSoto—a 75-room boutique hotel.

The $4 million four-story hotel is located at I-35E and Southpointe Dr.​, according to TDLR.

Upon completion, GLō DeSoto will have a 1,000-sf meeting space, communal work areas, a fitness center, spa and more.​

The boutique hotel is projected to open in May 2018.​​

Hotel Business
Dallas-Fort Worth-Arlington
http://www.hotelbusiness.com/RealEstate/Best-Western-Breaks-Ground-on-First-GLo-Property-in-Texas/57603Source: {Source}
More beds, food to TWUMore beds, food to TWUhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=174452017-08-18T05:00:00Z2017-08-18T19:00:00Z

​​rendering of new TWU campus buildings DENTON – Preliminary plans are complete for the Texas Woman’s University's (TWU)​ Residential Village Project—three residence halls and a stand-alone dining facility—east of Bell Ave. where there's currently a soccer field.

The residence halls will be four stories tall and hold a total of 875 beds, and the dining area will be 30,000 sf.

Right now, the project will cost an estimated $78 million, said university spokeswoman Amanda Simpson.

Construction is slated to begin in February 2018, after project details are finalized.

The facilities will be constructed by Balfour Beatty Campus Solutions and open in fall 2019.​

Denton Record-Chronicle
Dallas-Fort Worth-Arlington
http://www.dentonrc.com/news/news/2017/08/10/texas-womans-university-expects-new-dining-housing-fall-2019Read the full article at the {Source}
El Paso full steam aheadEl Paso full steam aheadhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=173842017-08-18T05:00:00Z2017-08-18T18:55:00Z

​​​​A pin sticking out of the City of El Paso on a border map.EL PASO – Mayor Dee Margo touted the addition of about 4,500 jobs this year.

The city’s unemployment rate dropped slightly to 4.9 percent.

Margo also noted that El Paso is second in job growth in Texas at 3.3 percent, behind the Dallas metropolitan area, which is at 3.6 percent.

Between 2013 and 2015, sales tax revenues increased from $75.6 million to $81.6 million, and the city projects that this fiscal year’s sales tax revenues will total $84.6 million.

Single-family homes, which make up 70 percent of the city’s tax base only contributed an anemic 1.4 percent increase in the city’s property tax base this year, though.

El Paso home sales are also up, said Dan Olivas, president of the Greater El Paso Association of Realtors.

Olivas said that home sales have increased to 3,913, or 325 more than this point in 2016, a 9 percent increase.

According to Olivas, average home prices have increased $10,000 compared to 2016. 
El Paso Inc.
El Paso
http://www.elpasoinc.com/news/local_news/el-paso-economy-grows-home-sales-up-and-unemployment-down/article_e5b1beee-7aca-11e7-873a-3f9113cd1e28.htmlRead more at {Source}
Mountain Creek Business Park expandingMountain Creek Business Park expandinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=175162017-08-18T05:00:00Z2017-08-18T16:00:00Z

​​DALLAS – Courtland Development, in partnership with Trez Capital Texas, is adding a two-building, 150,000-sf industrial project ​​to its 590-acre Mountain Creek Business Park.

Mountain Creek 7 and Mountain Creek 8 ​will be a 54,600-sf building and a 100,360-sf building, respectively, near Mountain Creek Pkwy. and I-20.​ Completion is slated for spring 2018.

Alliance Architects is the project architect, Pacheco Koch are the engineers, and Southwest Bank is financing the construction.

Dallas Business Journal
Dallas-Fort Worth-Arlington
https://www.bizjournals.com/dallas/news/2017/08/17/mountain-creek-business-park-to-get-bigger-with.htmlRead more at {Source}

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