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Partnership acquires Houston apartment communityPartnership acquires Houston apartment communityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268182021-12-03T06:00:00Z2021-12-03T17:00:00Z

​​​HOUSTON – Better World Holdings and Crown Capital Ventures have acquired Skylar Pointe Apartments in the Clear Lake area.

Built in 1979, the 449-unit c​ommunity has 162 one-bedroom, 255 two-bedroom, and 32 three-bedroom residences.

Amenities include two pools, a spa, playground, and onsite laundry facilities.

The new ownership will invest $4.6 million in capital improvements​.​

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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Fort Worth apartments sell to California investorFort Worth apartments sell to California investorhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268262021-12-03T06:00:00Z2021-12-03T16:00:00Z

​​FORT WORTH – Constellation Ranch Apartments, a 324-unit multifamily community on W. ​Loop 820 S., has been sold.

Built in 2005, the community has one-, two-, and three-bedroom units. Amenities include a pool, fitness​ center, business center, movie theater, dog park, and Amazon package lockers. 

Levin Johnston represented the seller and the buyer, a California-based private investor.

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

​Source: REBusiness Online

REBUSINESS
Dallas-Fort Worth-Arlington
Multifamily
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Postal Center International opens 100K-sf facility on East SidePostal Center International opens 100K-sf facility on East Sidehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268272021-12-03T06:00:00Z2021-12-03T16:00:00Z

​​​​​​​SAN ANTONIO – Postal Center International has opened a 100,000-sf office and production facility a​t 9458 Stout Dr. 

The company has hired 50 local employees and expects more than 100 job openings over the next few years. 

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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Samsung planning $17B semiconductor manufacturing facilitySamsung planning $17B semiconductor manufacturing facilityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268302021-12-03T06:00:00Z2021-12-03T16:00:00Z

​​​​TAYLOR – Samsung Electronics Co. Ltd is planning a $17 billion semiconductor manufacturing facility spanning more than 53 million sf. 

Construction begins in the first half of 2022 and will be complete in the second half of 2024. 

The project will create over 2,000 high-tech jobs. 

Samsung is also developing a skills center for the Taylor Independent School District. 

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

REBUSINESS
Austin-Round Rock
Industrial
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Taurus buys 221K-sf office buildingTaurus buys 221K-sf office buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268312021-12-03T06:00:00Z2021-12-03T16:00:00Z

​​​​SAN ANTONIO – Taurus Investment Holdings has sold The Pyramid, a 22​0,820-sf office building at 601 N.W. Loop 410. 

An affiliate of Boyd Watterson Asset Management acquired the six-acre property. 

Stream Realty Partners is handling leasing.

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

San Antonio Business Journal
San Antonio-New Braunfels
Office
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An old rivalry: Austin, College Station among nation's best college townsAn old rivalry: Austin, College Station among nation's best college townshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268332021-12-03T06:00:00Z2021-12-03T16:00:00Z

​​​WASHINGTON – Austin and College Station have landed on WalletHub's list of the top ten college cities and towns in America.

Austin, home to the University of Texas' main campus among several other institutions, ranked first nationally. It was tenth in social environment, 23rd in academic and economic opportunities, and 209th in wallet friendliness. 

College Station, home to Texas A&M University's main campus, was tenth overall and sixth in the rankings of small cities (fewer than 125,000 people). It was 29th in wallet friendliness, 53rd in social environment, and 125th in academic and economic opportunities. 

Brownsville (University of Texas Rio Grande Valley regional campus), Edinburg (University of Texas Rio Grande Valley​ main campus), Laredo (Laredo College and Texas A&M International University), and McAllen (South Texas College) were first, third, fourth, and fifth in lowest cost of living for young people, respectively. ​​

The rest of the top ten rankings are:

  • No. 2 Ann Arbor, Mich., University of Michigan;

  • No. 3 Provo, Utah, Brigham Young University​;

  • No. 4 Orlando, University of Central Florida​; 

  • No. 5 Oxford, Ohio, ​Miami University;

  • No. 6 Gainesville, Fla., University of Florida;

  • No. 7 Scottsdale, Ariz., Scottsdale Community College;

  • No. 8 West Lafayette, Ind., Purdue University; and 

  • No. 9 Rexburg, Idaho, Brigham Young University​ - Idaho.

Texas logoThe Texas Real Estate Research Center​​​​ has more news like this online for free.

​Source: WalletHub

WalletHub
Texas
Education
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TGS Cedar Point Partners break ground on new warehousesTGS Cedar Point Partners break ground on new warehouseshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268232021-12-02T06:00:00Z2021-12-02T19:00:00Z

​​​​BAYTOWN – TGS Cedar Port Partners has started construction on two ​spec buildings in TGS Cedar Port Industrial Park, the country's largest master-planned industrial park.

TGS Cedar Port DC 2 will be 4407 E. Grand Parkway S. It is expandable from 496,421 to 917,172 sf and will have over 1,000 employee parking spaces. Delivery is set for second quarter 2022. ​

TGS Cedar Port DC 3, located on Nita Way, will be expandable from 150,000 to 600,000 sf. It will open by third quarter 2022.

Powers Brown Architecture is the project architect, and E.E. Reed Construction LP is the general contractor. NAI Partners is handling leasing.

The 15,000-acre industrial development has around 10,000 acres left for sale, lease, or build-to-suit projects.

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

​Source: Realty News Report​

Realty News Report
Houston-The Woodlands-Sugar Land
Industrial
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Industrial construction reaches all-time highIndustrial construction reaches all-time highhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268342021-12-02T06:00:00Z2021-12-02T17:00:00Z

​​​​​​​HOUSTON – ​​Around 41.5 million sf of industrial space is under construction in Houston, Austin, and San Antonio combined, according to NAI Partners' latest report. 

Houston-The Woodlands-Sugar Land

Houston ranks among the top ten markets for industrial space under construction at 19.7 million sf as of 4Q2021, with half of that amount already spoken for.

This year has seen more than 22 million sf of net absorption, a record year for demand. Demand has been stimulated by growth in ecommerce and homebuilding, population growth, and increasing global energy demand as many economies start recovering from the worst of the pandemic.

Houston’s industrial hotspot that serves the Port of Houston accounts for 30 percent​​​ of projects currently under construction. 

Austin-Round Rock

Tesla’s new 4.5 million-sf Gigafactory represents almost 40 percent of the metro's industrial construction in the fourth quarter. Tesla’s relocation to Austin has also prompted Simwon, a supplier of body parts to Tesla, to open a 492,000-sf manufacturing facility in Kyle.

There are several other build-to-suits underway, including another Amazon distribution facility in San Marcos, a large facility for semiconductor manufacturer Applied Materials, and a research and development building for defense contractor BAE.

Less than 25 percent of the 12.1 million sf of space currently under construction remains available for lease.

San Antonio-New Braunfels

There is 9.7 million sf under construction in the San Antonio metro, including Amazon building or pre-leasing half of that​​. ​​The growing advanced manufacturing group in the South Submarket, anchored by Toyota Motor Manufacturing Texas and Navistar, accounts for a significant percentage of the other half.

The volume of signed lease transactions year-to-date nearing the end of November hit an all-time record at 11.5 million sf and is likely to surpass the prior period’s 11.8 million sf.

In total, 135 new and renewal building lease transactions of more than 10,000 sf have been signed year-to-date. 

With 1.8 million sf delivered since the beginning of the year, 9.7 million sf under construction, and an additional five million sf planned through 2022, the demand for industrial real estate continues unabated.

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

​Source: NAI Partners​​

NAI Partners
Texas
Industrial
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New Orleans investment company acquires North Dallas office buildingNew Orleans investment company acquires North Dallas office buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268252021-12-02T06:00:00Z2021-12-02T16:00:00Z

​​DALLAS – Search Plaza, a 155,000-sf office building along the North Central Expy, has been ​sold. 

Uhalt Investments purchased the asset from Pillar Commercial.

Colliers brokered the deal. ​

Pillar will continue to manage and lease the building, which was 91 percent occupied at the time of sale.

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

REBUSINESS
Dallas-Fort Worth-Arlington
Office
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Vivo transforming two hotels along I-35 into affordable apartments Vivo transforming two hotels along I-35 into affordable apartments https://www.recenter.tamu.edu/news/newstalk-texas/?Item=268282021-12-02T06:00:00Z2021-12-02T16:00:00Z

​​​NEW BRAUNFELS – Vivo Investment Group is transforming two hotels into studio apartments for low-income employees.  

Vivo purchased the former Quality Inn and Ramada hotels earlier this year. 

Construction at the 140-unit former Ramada will be complete in December. Rents will be about $90​0 per month. 

The project at the former Quality Inn will have units costing about $900 to $950 per month. 

Both properties will include amenities such as coworking spaces, pools, fitness centers, and dog parks. 

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
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130K-sf middle school slated for Mueller District130K-sf middle school slated for Mueller Districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268292021-12-02T06:00:00Z2021-12-02T16:00:00Z

​​AUSTIN – A partnership between Joeris General Contractors and the Austin Independent School District is building a 130,000-sf middle school at the former Mueller Airport. 

The property, which will be able​ to serve 800 students, will include a community room, library, gym, track and field complex, and dining commons. 

Construction will be complete in fall 2023. 

Texas logoThe Texas Real Estate Research Center​​​​ has more Austin education news​ online for free. 

​Source: REBusiness Online

REBUSINESS
Austin-Round Rock
Education
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Nacogdoches apartment building soldNacogdoches apartment building soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268322021-12-02T06:00:00Z2021-12-02T16:00:00Z

​​NACOGDOCHES – Northeast Hills, an 82-unit apartment community at 2912 Chimney Rock Ln., has been sold. 

Marcus & Millichap represented the seller and procured the buyer. Both parties are limited liability compan​ies.

Texas logoGet more retail news on the Texas Real Estate Research Center's website:

​Source: Marcus & Millichap

Marcus & Millichap
NonMSA Texas
Multifamily
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Solo Brands opens 430K-sf HQ near DFW airportSolo Brands opens 430K-sf HQ near DFW airporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268192021-12-01T06:00:00Z2021-12-01T19:00:00Z

​​​​​GRAPEVINE – Solo Brands has opened a 430,000-sf headquarters office and showroom at 1001 Mustang Dr. 

Prologis develo​ped the building as a spec project in 2020. 

ENTOS Design was the architect. JLL represented Solo Brands.

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

REBUSINESS
Dallas-Fort Worth-Arlington
Office
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Anthem Development to build 389-unit multifamily in SachseAnthem Development to build 389-unit multifamily in Sachsehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268202021-12-01T06:00:00Z2021-12-01T19:00:00Z

​SACHSE – Anthem Development, a division of Beck Ventures Co., is building Miles One 90, a 389-unit multifamily project at 4201 Bunker Hill Rd.

The community will have four four-story buildings, multiple pools and fitness centers, a game room, coffee bar, remote work lounge, and outdoor kitchen.

Nova Capital placed a $42 million loan with Bank OZK for the development.

Construction begins in January and will be complete in 2023.

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

​Source: REBusiness Online

REBUSINESS
Dallas-Fort Worth-Arlington
Multifamily
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OHT Partners upcycling trash, recycling facility into apartment buildingOHT Partners upcycling trash, recycling facility into apartment buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268212021-12-01T06:00:00Z2021-12-01T19:00:00Z

​​​SAN ANTONIO – OHT Partners is developing a 310-unit apartment complex at 400 Probandt St., south of the Blue Sta​r Arts Complex. 

The company bought the property, a trash and recycling facility, in 2018. 

Davies Collaborative is the architect. 

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
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Shop LC switches the channel to Cedar Park with new HQShop LC switches the channel to Cedar Park with new HQhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268222021-12-01T06:00:00Z2021-12-01T19:00:00Z

​​​​CEDAR PARK – Shop LC is relocating its headquarters from Round Rock to a 200,000-sf facili​ty on the site of a former winery on Bell Blvd. south of New Hope Dr. 

The headquarters will include television studios and sales and distribution offices. 

The company will add 1,000 full-time jobs by 2033. 

Construction will be complete by September 2024. 

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

Community Impact Newspaper
Austin-Round Rock
Office
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StorageUnits.com: Two-thirds of Americans moved during pandemicStorageUnits.com: Two-thirds of Americans moved during pandemichttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268242021-12-01T06:00:00Z2021-12-01T19:00:00Z

​​ADDISON – According to a survey by StorageUnits.com, 67 percent of respondents moved out of their homes between March 2020 and October 2021. 

Most people who moved cite​d the need for more space as the driving factor. Abo​ut 37 percent of respondents moved into larger homes, while only 6 percent downsized. 

The survey found that 39 percent of Americans moved because of remote work, with many looking for space for a home office. One-fourth of respondents were motivated to live in a different location, which was made possible by the flexibility of remote work. 

Financial hardship also pressured Americans to move. According to the survey, 21 percent of respondents moved because of pandemic-related financial setbacks. Of those who downsized, 33 percent cited money challenges. This concern was also the primary reason they moved in with family members (30 percent) or had no permanent residence (44 percent).

The relocation trend led to an increase in storage unit rentals. About 78 percent of people who moved rented storage units, and 40 percent plan to continue using storage space for ongoing needs.

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

Source: StorageUnits.com
StorageUnits.com
U.S.
Housing
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Fidelis Realty Partners acquires Richmond retail centerFidelis Realty Partners acquires Richmond retail centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=268172021-12-01T06:00:00Z2021-12-01T17:00:00Z

​​​RICHMOND – Fidelis Realty Partners LLC has purchased Shops of Bella Terra, a 271,157-​​sf regional retail center at 5472 W. Grand Pkwy. 

The 35.57-acre property was completed between 2008 and 2013.

JLL Capital Markets marketed the property for the seller.

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

​Source: JLL Capital Markets​

JLL
Houston-The Woodlands-Sugar Land
Retail
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Unify Energy Solutions moves headquarters Unify Energy Solutions moves headquarters https://www.recenter.tamu.edu/news/newstalk-texas/?Item=268052021-11-30T06:00:00Z2021-11-30T18:00:00Z

​HOUSTON – Unify Energy Solutions is moving its headquarters to McCord Development's Lockwood Business Park.

The company will occupy 39,930 sf of office and warehouse space starting in March. 

Lockwood Business Park is within the 4,200-acre Generation Park development.

Unify Energy Solutions was represented by Caldwell Cos. McCord was represented internally.​

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
Office
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Hertz Investment Group picks up 422-unit apartment portfolio Hertz Investment Group picks up 422-unit apartment portfolio https://www.recenter.tamu.edu/news/newstalk-texas/?Item=268152021-11-30T06:00:00Z2021-11-30T17:00:00Z

​​AUSTIN – Hertz Investment Group has acquired a three-property multifamily portfolio in the metro.

The portfolio includes the: 

  • 160-unit Ascent at North Burnet at 1735 Rutland Dr.;

  • 132-unit Ascent at Quail Creek at 1200 Mearns Meadow Blvd.; and 

  • 130-unit Ascent at Walnut Creek at 1804 Rundberg Ln.

Hertz will complete interior and exterior renovations for each location. 

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Austin-Round Rock
Multifamily
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