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Toronto investor buys Fort Worth industrial assetToronto investor buys Fort Worth industrial assethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210722018-09-17T05:00:00Z2018-09-17T23:35:00Z

​​​35|820 @ Mercantile Center FORT WORTH – Toronto-based PIRET purchased 35|820 @ Mercantile Center, a 657,043-sf, Class A industrial building, from Hunt Southwest.

Completed in August 2017, the building features a 36-ft clear height, deep truck court, 152 overhead dock doors, four drive-in doors, and a low office finish. 

It is on 34.5 acres at 4800 North Sylvania Ave. (north side of the building) and 2601 Quorum Dr. (south side of the building) in the Meacham/Fossil Industrial submarket.

Holliday Fenoglio Fowler
Dallas-Fort Worth-Arlington
Industrial
https://www.hfflp.com/media-center/press-releases/press-release-details.html?docID=193881

​Check out​ Dallas-Fort Worth-Arlington Industrial Market Research​.

Source: {Source}
Three industrial buildings off I-20 soldThree industrial buildings off I-20 soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210682018-09-17T05:00:00Z2018-09-17T23:00:00Z

​​​​​an aerial view of the three buildings in the business park.FORT WORTH – Corinth Land Co. and Dallas-based Prattco Creekway Industrial have acquired three buildings in the I-20 West Business Park near the Walsh Ranch development.

The 77,640-sf business park has five tenants and is 94 percent occupied.

The property was sold by furniture giant Rick Stacy.
BusinessWire
Dallas-Fort Worth-Arlington
Industrial
https://www.businesswire.com/news/home/20180912005849/en/Read more at the {Source}
Y2K townhomes sold in the Cultural DistrictY2K townhomes sold in the Cultural Districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210702018-09-17T05:00:00Z2018-09-17T23:00:00Z

​​​​​Monticello Oaks in Fort Worth's Cultural District.FORT WORTH – SPI Advisory purchased Monticello Oaks Townhomes near downtown​ from Venterra Realty.

The three-story, 63-townhome complex is on more than three acres at 150 Boland St. in the Cultural District.

Monticello Oaks was built in 2000.
Online news
Dallas-Fort Worth-Arlington
Multifamily
https://mhpmag.com/2018/09/new-ownership-for-metroplex-multifamily-asset-in-fort-worth/Source: {Source}
Not the last resort, but a big one boughtNot the last resort, but a big one boughthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210712018-09-17T05:00:00Z2018-09-17T23:00:00Z


JW Mariott Resort and SpaSAN ANTONIO – Blackstone has purchased The JW Marriott San Antonio Hill Country Resort & Spa.

The 1,002-room resort and the adjacent TPC San Antonio golf course at 23808 Resort Pkwy. opened in 2010 and cost over $600 million to build.

It includes two golf courses, spa, nine-acre water park, high-end restaurants, and nearly 270,000 sf of convention space.

In 2016, the hotel finished a $16 million expansion to its waterpark and meeting and event space. It finished an additional $500,000 worth of renovations in early 2018.

Blackstone borrowed $405 million to finance the transaction.​

San Antonio Express-News
San Antonio-New Braunfels
Hotel
https://www.expressnews.com/real-estate/article/Blackstone-buys-San-Antonio-s-JW-Marriott-13230356.phpRead more at the {Source}
Tenant expansion fills out Uptown office buildingTenant expansion fills out Uptown office buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210632018-09-17T05:00:00Z2018-09-17T23:00:00Z

​​​​​​​McKinney & Olive building in UptownDALLAS – Stackpath has expanded its 27,430-sf lease in the McKinney & Olive building by 17,263 sf.

The lease brings the 530,000-sf mixed-use building in Uptown to full occupancy.

McKinney & Olive was developed by owners Crescent Real Estate LLC and J.P. Morgan Asset Management.
Connect Media
Dallas-Fort Worth-Arlington
Office
https://www.connect.media/stackpath-lease-brings-mckinney-olive-100-occupancy/

​Check out Dallas-Fort Worth-Arlington Office Market Research.

Read more at {Source}
Desoto senior living under new ownershipDesoto senior living under new ownershiphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210642018-09-17T05:00:00Z2018-09-17T23:00:00Z

​​​​​​​Franklin Park of Desoto, Image courtesy of Yarkdi MatrixDESOTO – Franklin Cos. has sold Franklin Park of Desoto, a 240-unit, fully age-restricted property at 431 W. Wintergreen Rd.

The complex encompasses 31 buildings across more than 22 acres. It is roughly 13 miles south of central Dallas.

Multi-Housing News
Dallas-Fort Worth-Arlington
Senior Living
http://https://www.multihousingnews.com/post/age-restricted-community-in-dfw-changes-hands/Read more at {Source}
346-unit Alexan Auburn Lakes changes hands346-unit Alexan Auburn Lakes changes handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210652018-09-17T05:00:00Z2018-09-17T23:00:00Z

​​​​​​​Image of the apartments.SPRING – Trammell Crow Residential and Prime Property Investors have sold the 346-unit Alexan Auburn Lakes to Fort Worth-based Olympus Property.

The Class A apartment complex at 6000 W. Rayford Rd. offers one-, two-, and three-bedroom units.

It opened in 2015 and includes two tropical pools, a bark park and groom room, a reflection lake, and running trail.
Connect Media
Houston-The Woodlands-Sugar Land
Multifamily
https://www.connect.media/olympus-property-claims-alexan-auburn-lakes/

​Check ​out Houston-The Woodlands-Sugar Land Multifamily Market Research.

Read more at {Source}
Let's get TechnicalLet's get Technicalhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210582018-09-13T05:00:00Z2018-09-15T00:00:00Z

​​​​​​Rendering of Collin College Technical Campus.ALLEN – McCarthy Building Cos. Inc. has broken ground on the Collin College Technical Campus.

The building will be on 31.8 acres on the north side of Ridgeview Dr. near Alma Rd. It will include a 177,646-sf building for trade studies and a 151,000-sf academic building.

With Collin County expected to add 300,000 new jobs by 2040, the curriculum will target trade vocations.

Additional features will include a 23,700-sf conference building, a 42,000-sf classroom to be shared with the Allen Independent School District, and a 600-space underground parking garage.

The campus is expected to serve more than 4,000 students.​

Completion is slated for summer 2020.

REBUSINESS
Dallas-Fort Worth-Arlington
Education
http://rebusinessonline.com/mccarthy-breaks-ground-on-360000-sf-tech-campus-for-collin-college-in-metro-dallas/Read more at {Source}
West U redevelopment project beginsWest U redevelopment project beginshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210572018-09-14T05:00:00Z2018-09-14T23:45:00Z

​​​​​​​Rendering of the redevelopment.​HOUSTON – Triple Crown Investments has begun work on Southside Commons, an 80,000-sf redevelopment project at 4191 Bellaire Blvd. near West University Place.​ ​

The developer will convert the former site of Palace Bowling Lanes into 10,000 sf of retail space, 30,000 sf of entertainment/restaurant space, and 40,000 sf of office and medical office space. 

The project is expected to open in late summer 2019.
REBUSINESS
Houston-The Woodlands-Sugar Land
Mixed-Use
http://rebusinessonline.com/triple-crown-begins-80000-sf-mixed-use-redevelopment-project-in-houston/

​Check out Houston-The Woodlands-Sugar Land​ Retail, Office, and Medical Market Research.

Read more at {Source}
Two properties, 600K SF sold in MidlandTwo properties, 600K SF sold in Midlandhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210542018-09-13T05:00:00Z2018-09-14T23:00:00Z

​​​​Fasken Center in Midland.​MIDLAND – Two Class A office properties totaling nearly 600,000 sf have been sold.

The 421,546-sf Fasken Center at 500 W. Texas Ave. was built in phases in 1974 and 1982. 

Frost Bank Tower is a 12-story, 177,952-sf building at 508 W. Wall St.​

Colliers International arranged the sale. 

REBUSINESS
Midland
Office
http://rebusinessonline.com/colliers-arranges-sale-of-two-office-assets-totaling-nearly-600000-sf-in-midland/Read more at {Source}
Fulshear to gain 105K-sf self-storage facilityFulshear to gain 105K-sf self-storage facilityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210552018-09-14T05:00:00Z2018-09-14T23:00:00Z

​​​FULSHEAR – GYS Development LLC has purchased 2.5 acres for a three-story self-storage facility. 

Fulshear Bend Self Storage​ near Cinco Ranch Blvd. and FM 1463 will have 105,000 sf of rentable space. 

The property is within the Cross Creek Ranch master-planned community. 

Inside Self-Storage
Houston-The Woodlands-Sugar Land
Retail
https://www.insideselfstorage.com/development/gys-development-build-3-story-self-storage-facility-fulshear-tx

​Check out Houston-The Woodlands-Sugar Land Retail Market Research.

Read more at {Source}
Transwestern sells industrial trioTranswestern sells industrial triohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210562018-09-13T05:00:00Z2018-09-14T23:00:00Z

​​​Park 96 in AustinAUSTIN – Transwestern Investment Group has sold Park 96, a 99,000-sf industrial portfolio at 9601 Dessau Rd.​

Constructed in 1999, the portfolio consists of three Class A, shallow-bay distribution buildings. It sits just northeast of the interesection of I-35, US183, and US 290.​

Each 33,000-sf building offers 100-ft rear load with 20-ft clear height. In total, the property features 28 dock doors and five drive-in ramps.

Transwestern
Austin-Round Rock
Industrial
https://transwestern.com/news-detail/transwestern-investment-group-sells-99-000-sf-industrial-portfolio-in-austin-texSource: {Source}
AirFrance en route to DFWAirFrance en route to DFWhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210622018-09-14T05:00:00Z2018-09-14T23:00:00Z

​​​​An image of a commercial airliner, with the logo of AirFrance on it.DALLAS-FORT WORTH​ – Air France is returning to DFW International Airport after a 17-year absence.

The airline plans to launch nonstop service from DFW to Paris’ Charles de Gaulle Airport starting March 31, 2019.

The airline will operate up to five flights per week, using Airbus A330 aircraft.

Air France flew out of DFW for about eight months in 2001, but withdrew the service after the worldwide air travel industry took a dramatic downturn following the Sept. 11, 2001, terrorist attacks.

Fort Worth-based American Airlines also flies to Paris, with a nonstop flight available seven days a week.
Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
Infrastructure & Transportation
http://https://www.star-telegram.com/news/business/aviation/article218334675.html#navlink=SecListRead more at the {Source}
On a Mission: industrial property acquiredOn a Mission: industrial property acquiredhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210602018-09-13T05:00:00Z2018-09-14T21:00:00Z

​​​​Facility at 802 Trinity St.MISSION – A 17.9-acre industrial property has been acquired by STAG Industrial Inc.

The 270,084-sf building at 802 Trinity St. serves as a logistics and manufacturing facility. 

It was built in 1998 and previously owned by Colimar Inc.​

Connect Media
McAllen-Edinburg-Mission
Industrial
https://www.connect.media/colimar-sells-rio-grande-valley-asset-stag-industrial/Read more at {Source}
Harvard JCHS: remodeling spending heats up in 2018Harvard JCHS: remodeling spending heats up in 2018https://www.recenter.tamu.edu/news/newstalk-texas/?Item=210612018-09-14T05:00:00Z2018-09-14T14:00:00Z

​​​​CAMBRIDGE, Mass. – Annual growth in home improvement spending is expected to be widespread across the country's largest metros in 2018, according to a new model developed by the Remodeling Futures Program at the Harvard Joint Center for Housing Studies.

San Antonio-New Braunfels will lead Texas in improvement spending growth, growing an expected 12 percent annually. Dallas-Fort Worth-Arlington will follow closely behind at 11 percent. 

Austin-Round Rock and Houston-The Woodlands​​-Sugar Land will also increase improvement spending, growing 10 percent and 5 percent, respectively.  

According to the model, all 50 metros studied will increase annual improvement spending. 

These projects mirror the national projects for the Remodeling Future's quarterly Leading Indicator of Remodeling Activity, which predicts that national spending will grow by over 7 percent in 2018. 

The model uses two decades of home improvement spending as benchmark data. 

Harvard Joint Center for Housing Studies
U.S.
Housing
http://www.jchs.harvard.edu/blog/major-metro-remodeling-markets-projected-to-heat-up-across-the-u-s/Read more at {Source}
Tyler hotels sell to North Dakota REITTyler hotels sell to North Dakota REIThttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210512018-09-13T05:00:00Z2018-09-14T00:00:00Z

​​​Homewood Suites by Hilton in Tyler, Texas, which was part of the portfolio sold.​TYLER – North Dakota-based Lodging Opportunity Fund REIT has added two hotels to its investment portfolio.

The properties are the 125-room Hilton Garden Inn at 220 East Grande Blvd. and the 113-room Homewood Suites by Hilton at 3104 Golden Rd. 

The REIT purchased the assets from Rupali LP and Hemlata LLC, respectively.
CBRE
Tyler
Hotel
https://www.cbre.us/about/media-center/north-dakota-reit-purchases-hilton-portfolio-in-tyler-texasRead more at {Source}
UT-Arlington opens two facilities for fall semesterUT-Arlington opens two facilities for fall semesterhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210522018-09-13T05:00:00Z2018-09-14T00:00:00Z

​​​The Commons at UT-Arlington.ARLINGTON – The University of Texas at Arlington has opened two new buildings on the campus' west side.

West Hall is a $46.5 million, 534-bed residence hall. It is the first residence hall to open at UTA since 2012.

The Commons is a $21 million, two-floor, 39,000-sf dining and meeting facility.

Last spring, UTA opened the 1,500-unit West Campus Parking Garage​​​​ just north of The Commons.
Fort Worth Business Press
Dallas-Fort Worth-Arlington
Education
http://www.fortworthbusiness.com/news/education_training/west-hall-commons-opens-ut-arlington-opens-residence-hall-dining/article_107de000-b2e0-11e8-a8d9-6b03b293c990.htmlRead more at the {Source}
Class A, come this way to NW AustinClass A, come this way to NW Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210472018-09-13T05:00:00Z2018-09-13T23:00:00Z

​​​​​​Rendering of Paloma Ridge expansion.AUSTIN – A significant expansion is coming to the far northwest office submarket at Paloma Ridge.

Ascentris LLC is working on a 160,000-sf expansion of a Class A office building at 13620 RR 620.

Once construction wraps up in late 2019, the entire complex will total roughly 371,000 sf across three buildings.

The design includes a high-end fitness center with “spa-quality” locker rooms, a one-mile jogging trail, and outdoor amenity areas.

Rents will likely be around $25 to $29 per sf, before triple-net fees.​

Austin Business Journal
Austin-Round Rock
Office
https://www.bizjournals.com/austin/news/2018/09/12/aiming-to-fill-a-void-in-northwest-austin-big-new.htmlRead more at {Source}
Developer widens downtown stake with 32K SFDeveloper widens downtown stake with 32K SFhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210482018-09-12T05:00:00Z2018-09-13T23:00:00Z

​​View of Downtown San Antonio.SAN ANTONIO – Weston Urban has acquired a 32,000-sf vintage office building at 201 W Commerce St.

Current tenants of the 103-year-old building include VIA Metropolitan Transit, 7-Eleven, and Metro PCS.

Plans include converting 10,000 sf on the second floor into creative office space.

The buyer is also developing the nearby 460,000-sf Frost Tower.​

Connect Media
San Antonio-New Braunfels
Office
https://www.connect.media/weston-urban-widens-dtsa-stake-acquires-32k-sf-building/Read more at {Source}
ERC leases entire Legacy office buildingERC leases entire Legacy office buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=210492018-09-13T05:00:00Z2018-09-13T23:00:00Z

​​​​​​​Parkside on Legacy II.​PLANO – Eating Recovery Center has leased all of the 100,000-sf Parkside on Legacy II office building in the Legacy business park.

The three-story office building on Legacy Dr. was developed in 2016.

Eating Recovery Center is a nationwide health care firm that specializes in eating disorders and related conditions.
Dallas News
Dallas-Fort Worth-Arlington
Office
https://www.dallasnews.com/business/real-estate/2018/09/12/health-firm-leases-office-building-planos-legacy-business-park

See also: Dallas-Fort Worth-Arlington Office Market Research​.

Read more at the {Source}

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