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Alta Washington apartments open in Memorial ParkAlta Washington apartments open in Memorial Parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=251082020-10-28T05:00:00Z2020-10-28T21:00:00Z

​HOUSTON – Wood Partners has completed Alta Washington, a 204-unit apartment complex ​​at 6400 Washington Ave. in Memorial Park.​

The property has one- and two-bedroom floor plans as well as six townhome units​​​. Monthly rents start at $1,675 for a one-bedroom unit.

Amenities include a pool, fitness center, business center, package sorting room, outdoor grilling stations, and dog park.

Move-ins begin early next month.

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

​Source: REBusiness Online

REBUSINESS
Houston-The Woodlands-Sugar Land
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BOSS Austin inks 25K-sf industrial leaseBOSS Austin inks 25K-sf industrial leasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=251032020-10-28T05:00:00Z2020-10-28T20:00:00Z

​​​PFLUGERVILLE – BOSS Aus​tin has signed a 25,050-sf, full-building lease at 16064 Central Commerce Dr. 

Built in 1998, the building offers office and warehouse space. 

ECR represented the tenant. Development 2000 Inc. represented the landlord. 

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

​Source: Austin Business Journal
Austin Business Journal
Austin-Round Rock
Industrial
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NorthPoint building 863,000-sf logistics center NorthPoint building 863,000-sf logistics center https://www.recenter.tamu.edu/news/newstalk-texas/?Item=251042020-10-28T05:00:00Z2020-10-28T20:00:00Z

​​KYLE – NorthPoint Developme​nt is building the Plum Creek Industrial Center, a 76-acre industrial park within the Plum Creek master-planned community. 

Phase one will bring two buildings totaling 444,058 sf. Construction will be complete in 2021. 

The second phase will include two more buildings, bringing the development to around 863,000 sf.​​

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

​Source: Compass Communications
Compass Communications
Austin-Round Rock
Industrial
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Neighborly Brands opening second HQ in IrvingNeighborly Brands opening second HQ in Irvinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=251052020-10-28T05:00:00Z2020-10-28T20:00:00Z

​​IRVING – Neighborly Brands is opening its second headquarters building at 500 E.​ John Carpenter Fwy.

The eight-story​, 34,000-sf office will open in early 2021. It will house more than 200 full-time workers by the end of 2026.

Koa Partners is the landlord. Cushman & Wakefield negotiated the lease.

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

Dallas Morning News
Dallas-Fort Worth-Arlington
Office
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Dallas shopping center trades hands Dallas shopping center trades hands https://www.recenter.tamu.edu/news/newstalk-texas/?Item=251062020-10-28T05:00:00Z2020-10-28T20:00:00Z

DALLAS – Skillman Centre, a 55,867-sf retail property at 9205 Skillman St., has been sold​.

The asset was 66 percent leased at the time of sale. 

Marcus and Millichap brokered the sale.

Texas logoThe Real Estate Center has more on the North Texas retail market:

Source: Marcus & Millichap
Marcus & Millichap
Dallas-Fort Worth-Arlington
Retail
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Wolff starts on Beacon Hill Wolff starts on Beacon Hill https://www.recenter.tamu.edu/news/newstalk-texas/?Item=251072020-10-28T05:00:00Z2020-10-28T20:00:00Z

​​​​WALLER – Wolff Cos. has started on Beacon Hill, a 521-acre mixed-use development on US 290.​

The project will includ​e a 251-acre business park with office, light industrial, distribution, multifamily, and retail uses. 

Long Lake Ltd. purchased the northernmost 270 acres to develop an 870-home residential community. Homes will range from the low-​$200,000s to the mid-$400,000s.

Wolff has agreed with the Texas Department of Transportation to implement road improvements, including:

  • an off-ramp for a new 290 interchange, named Beacon Hill Blvd., west of FM 362;

  • a mile-long US 290 frontage road connecting Beacon Hill Blvd. to James R. Muse Pkwy; and ​

  • a U-turn under 290 at James R. Muse Pkwy. 

Beacon Hill Blvd. will be completed in Sept. 2021. The interchange will start in spring 2022 and finish in 2023. 

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

          Realty News Report
          Houston-The Woodlands-Sugar Land
          Mixed-Use
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          Three Texas cities among top ten emerging life science clustersThree Texas cities among top ten emerging life science clustershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=251022020-10-27T05:00:00Z2020-10-27T15:00:00Z

          ​​​​​​​​​​LOS ANGELES – Three Texas cities are among the top ten emerging life science clusters, according to a CBRE report. 

          Houston, Austin, and D​allas-Fort Wo​rth ranked second, third, and sixth on the list, respectively. 

          Houston, the third fastest-growing major life sciences cluster, ranks 14th in largest U.S. life sciences cluster by employment. DFW follows, ranking ninth and 17th i​n those metrics, respectively.

          Space City was also 12th in National Institutes of Health (NIH) funding in 2019.

          The rest of the top ten rankings are:

          • No. 1 Pittsburgh;

          • No. 4 Detroit;

          • No. 5 Phoenix;

          • No. 7 St. Louis;

          • No. 8 Atlanta;

          • No. 9 Portland, Ore.; and 

          • No. 10 Minneapolis.

          To determine the list, CBRE ranked the cities by size and growth of life sciences employment, concentration of research and development life sciences employment, amount and growth of life sciences venture capital funding, and NIH funding.​

          Texas logoThe Real Estate Center has more Houston, Austin, and Dallas medical news online for free.

          ​​Source: CBRE

          CBRE
          Texas
          Medical
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          Multipurpose sports complex slated for Corpus Christi Multipurpose sports complex slated for Corpus Christi https://www.recenter.tamu.edu/news/newstalk-texas/?Item=250972020-10-27T05:00:00Z2020-10-27T14:00:00Z

          ​​CORPUS CHRISTI – Next Sports Co. is developing a sports complex on Old Brownsville Rd. near South Pad​re Island Dr. 

          The facility will include eight multipurpose fields for soccer, lacrosse, field hockey, flag football,​ and cheerleading, as well as a 5,000-seat soccer stadium. 

          The city council appro​​​ved $1.85 million in incentives for the project. 

          Phase one will be complete in December 2021, with the second phase delivering a year later. 

          Texas logoIf you're looking for more Corpus Christi real estate news, head to our website. 

          ​Source: Connect Media
          Connect Media
          Corpus Christi
          Public Facilities
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          Alamo Funeral Chapels planning mixed-use towerAlamo Funeral Chapels planning mixed-use towerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=250982020-10-27T05:00:00Z2020-10-27T14:00:00Z

          ​​​SAN ANTONIO – The Alamo Funeral Chapels is developing a 12-story mixed-use tower on their property at 624 N. Alamo St. 

          The development will feature grou​nd-floor retail, office space, residential units, a hotel, and structured parking.

          The city approved rezoning of the 1.5-acre site this month. 

          Texas logoThe Real Estate Center has more news like this:

          San Antonio Business Journal
          San Antonio-New Braunfels
          Mixed-Use
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          $13M workforce training facility coming to Brooks $13M workforce training facility coming to Brooks https://www.recenter.tamu.edu/news/newstalk-texas/?Item=250992020-10-27T05:00:00Z2020-10-27T14:00:00Z

          ​SAN ANTONIO – Bexar County is planning a 30,000-sf workforce training facility at the 1,308-acre Brooks mixed-use community. 

          The facility will include a high-bay robotics and training lab, multipurpose rooms, classrooms, computer labs, support offices, and conference spaces.

          The Texas Federation for Advanced M​anufacturing Education will operate the center. It will train potential employees for manufacturers such as Toyota and Navistar.

          The total project budget will be $13.15 million.

          Texas logoThe Real Estate Center​​​​ has more San Antonio education news​ online for free. 

          ​​Source: San Antonio Business Journal

          San Antonio Business Journal
          San Antonio-New Braunfels
          Education
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          Former call center to house charter schoolFormer call center to house charter schoolhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=251002020-10-27T05:00:00Z2020-10-27T14:00:00Z

          ​​LUBBOCK – Harmony Public Schools has purchased a former Convergys call center at 3701 W. Loop 289. 

          Built in 1997, the 68,124-sf, Class A office property was shuttered in 2018. It was listed for $7.5 million.

          Harmony will use the location to hou​se a charter school for grades one through 12. 

          Coldwell Banker Commercial represented the seller. 

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

          ​Source: Connect Media

          Connect Media
          Lubbock
          Education
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          Sunrider opening 71-acre Midlothian manufacturing plantSunrider opening 71-acre Midlothian manufacturing planthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=251012020-10-27T05:00:00Z2020-10-27T14:00:00Z

          ​​​​MIDLOTHIAN – Torrance, Calif.​-based Sunrider International has started on a on​e million-sf manufacturing and research and development facility. ​​​

          The $56 million facility will sit on 71 acres within the Midlothian Business Park. Sunrider is the first company to construct a building within the park.

          The project will house the company's manufacturing and research and development operations, which are being relocated from Los Angeles. There will be at least 210 jobs there. 

          Completion​ is set for mid-2022. 

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


          Dallas Business Journal
          Dallas-Fort Worth-Arlington
          Industrial
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          SA hotel market on the long road to recoverySA hotel market on the long road to recoveryhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=250942020-10-26T05:00:00Z2020-10-26T19:00:00Z

          ​​​SAN ANTONIO – The metro’s hotel industry is facing a long road to recovery, acc​ording to new forecasting data from CBRE. 

          Occupancy is expected to drop to 47.2 percent over the next four quarters—well below the 2019 average of 65.9 percent occupancy.

          The average daily rate was $114 last year. It is expected to drop 12.9 percent over the next four quarters and be south of $92 by the end of 2020. 

          The amount of revenue per available room is projected to fall just under 50 percent. 

          Texas logoGet more San Antonio-area hotel news​ on the Real Estate Center's website.

          San Antonio Business Journal
          San Antonio-New Braunfels
          Hotel
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          Leasing begins at Humble apartmentsLeasing begins at Humble apartmentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=250952020-10-26T05:00:00Z2020-10-26T19:00:00Z

          ​​​HUMBLE – Dallas-based GenCap Group has started leasing The Sarah at Lake Hou​ston.

          The 350-unit apartment​ community at 17571 W. Lake Houston Pkwy. has one- to three-bedroom units.

          Amenities include a pool, fitness center, beer garden, dog park, and private lake access.

          Greystar manages the property​, which opens this month. ​​​

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

          ​Source: REBusiness Online

          REBUSINESS
          Houston-The Woodlands-Sugar Land
          Multifamily
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          Cold storage facility planned near Houston airportCold storage facility planned near Houston airporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=250962020-10-26T05:00:00Z2020-10-26T19:00:00Z

          ​​​​​HOUSTON – Melbourne, Fla.-based Ti Cold Development is working on a 304,000-sf cold storage facility near the George Bush Intercontinental Airport. 

          The facility will be in the East Hardy Commerce Park on the east side of Hardy Toll Rd. near Airtex Dr. 

          It will have over 42,000 pallet positions and a 55-ft-deep refrigerated dock. ​​

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

          ​Source: Realty News Report​

          Realty News Report
          Houston-The Woodlands-Sugar Land
          Industrial
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          Thompson Dallas hotel opening in historic building Thompson Dallas hotel opening in historic building https://www.recenter.tamu.edu/news/newstalk-texas/?Item=250922020-10-26T05:00:00Z2020-10-26T18:00:00Z

          ​DALLAS – Todd Interests is opening the 219-room Thompson Dallas hotel in the historic First National Bank Tower at 205 N. Akard St. ​​​

          Amenities includ​e a full-service spa, fitness and wellness center, pool, ballroom, and multiple dining venues. 

          The design team includes Merriman/Anderson Architects, Interiors Limited, Todd Interests, and SWA Group.

          Opening is set for Nov. 14.

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

          ​Source: REBusiness Online
          REBUSINESS
          Dallas-Fort Worth-Arlington
          Hotel
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          Rastegar adds final property to SoCo assemblage Rastegar adds final property to SoCo assemblage https://www.recenter.tamu.edu/news/newstalk-texas/?Item=250932020-10-26T05:00:00Z2020-10-26T18:00:00Z

          ​AUSTIN – Rastegar Property Company has acquired 5412 S. Congress Ave., the th​ird and final property in its South Congress assemblage. 

          Other properties in the acquisition are at 5402 S. Congress Ave.​ and 106 Red Bird Ln. 

          The assets will ​​make way for a 155-unit multifamily complex.

          texaslogo.pngThe Real Estate Center has more news like this online for free:
          Connect Media
          Austin-Round Rock
          Multifamily
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          North Dallas office building sold to Nebraska investorNorth Dallas office building sold to Nebraska investorhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=250902020-10-26T05:00:00Z2020-10-26T17:00:00Z

          ​​DALLAS – An affiliate ​of Omaha, Neb.-based Tetrad Property Group has purchased the Preston Trail Atrium.

          The two-story, 122,000-sf office is at 1​7330 Preston Rd. near Preston Trail Country Club.​

          Seller Quadrant Investment Properties LLC had owned the property since 2013.

          The acquisition was financed with a loan from Affiliated Bank of Arlington.

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

          Dallas Morning News
          Dallas-Fort Worth-Arlington
          Office
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          Florida investor picks up 200K-sf Plano office buildingsFlorida investor picks up 200K-sf Plano office buildingshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=250912020-10-26T05:00:00Z2020-10-26T17:00:00Z

          ​​​​​PLANO – Florida-based TerraCap Management has purchased Preston Park, a two-building, Class A multitenant office development.

          Built in 1997, the 198,788-sf building pair has newly renovated lobbies, common areas, tenant lounges, and conference centers. Both assets are 90 percent occupied.

          California-based Libitzky Property Companies and Sunwest Real Estate Group were the sellers. Colliers International brokered the sale.​

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

          Connect Media
          Dallas-Fort Worth-Arlington
          Office
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          $30 million project coming to downtown Garland$30 million project coming to downtown Garlandhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=250872020-10-23T05:00:00Z2020-10-23T22:00:00Z

          ​​​​GARLAND – GroundFloor Development has teamed up with the city on a $30 million residential and commercial project on the northwest corner of S. Garland Ave. and W. Ave. B in downtown.

          The four-acre site is currently​​ home to a Chase Bank building, the former Wyatt's Cafeteria, and other commercial buildings.

          GroundFloor will tear down the vacant cafeteria and replace it with a 255-unit apartment​ project. Called The Draper, the building will include a community center and outdoor pool.

          In phase two, the developer will renovate the five-story bank building for new tenants. Chase will remain in the property. 

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

          Dallas Morning News
          Dallas-Fort Worth-Arlington
          Mixed-Use
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