| New York buyer picks up Sugar Land pharmacy | New York buyer picks up Sugar Land pharmacy | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25250 | 2020-12-01T06:00:00Z | 2020-12-01T16:00:00Z | SUGAR LAND – A New York investor has purchased a CVS Pharmacy at 5757 New Territory Blvd. for $2.96 million.
CVS has over 11 years remaining on its lease with four five-year renewal options.
The Boulder Group represented both the seller, a Texas developer, and buyer.
 Get more Houston-area news on the Real Estate Center's website:
Source: Connect Media | Connect Media
| Houston-The Woodlands-Sugar Land
| Retail
| | | | | Read more at {Source} |
| Peloton expanding in Plano | Peloton expanding in Plano | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25251 | 2020-12-01T06:00:00Z | 2020-12-01T16:00:00Z | PLANO – New York-based Peloton Interactive Inc. has boosted its local footprint with a 103,759-sf lease.
The filing did not specify where Peloton's new lease will be, though state plans show the company is moving to Legacy Central 1.
The indoor cycling company was already leasing 28,000 sf at Legacy Central 3 at 6600 Chase Oaks Blvd. The lease was set to expire in 2023.
The larger lease term ends Jan. 31, 2029.
Peloton will commit an additional $19.7 million in the lease and will start preparing the new space for use this month. Transwestern represented the landlord, Los Angeles-based Regent Properties.
The Real Estate Center has more on DFW real estate news: | Dallas Business Journal
| Dallas-Fort Worth-Arlington
| Office
| | | | | Read more at {Source} |
| Vacant hospital getting second life | Vacant hospital getting second life | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25252 | 2020-12-01T06:00:00Z | 2020-12-01T16:00:00Z | DALLAS – Houston-based Advanced Diagnostics Hospital & Clinics has purchased an eight-story, 199,182-sf vacant hospital at 7502 Greenville Ave.
Built in 1984, the building was converted into a surgical hospital in 2014. The previous tenant, Walnut Hill Medical Center, opened its doors in April 2014 before abruptly closing in June 2017.
The building has 84 private patient rooms, 16 ICU rooms, six operating rooms, two cath labs, an imaging center, pharmacy, lab, emergency department, commercial kitchen, and connected vacuum tube system. There is also an attached four-story parking garage.
The acute-care hospital had about 420 employees at its busiest. It was co-managed by Medistar and Surgical Development Partners.
The seller, Tampa, Fla.-based Sila Realty Trust Inc., was represented by CBRE.
The Real Estate Center has more DFW medical news on our website for free.
Source: Dallas Business Journal | Dallas Business Journal
| Dallas-Fort Worth-Arlington
| Medical
| | | | | Read more at {Source} |
| Renaissance Austin Hotel trades hands | Renaissance Austin Hotel trades hands | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25253 | 2020-12-01T06:00:00Z | 2020-12-01T16:00:00Z | AUSTIN – An affiliate of San Francisco-based The Axton Group has purchased the 492-room Renaissance Austin Hotel for $70 million.
The hotel, part of the Marriott International family of brands, is at 9721 Arboretum Blvd. It includes 88 suites and 77,600 sf of meeting and event space.
An affiliate of Walton Street Capital LLC provided acquisition financing. Eastdil Secured served as financial advisor.
Axton Group plans to upgrade the meeting rooms and other common spaces.
Get more Austin hotel news on the Real Estate Center's website.
| REBUSINESS
| Austin-Round Rock
| Hotel
| | | | | Read more at {Source} |
| Keller Williams franchise relocates in San Antonio | Keller Williams franchise relocates in San Antonio | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25254 | 2020-12-01T06:00:00Z | 2020-12-01T16:00:00Z | SAN ANTONIO – Keller Williams City View has signed a full-building lease for 30,000 sf at The Park at Vance Jackson.
The property at 15510 Vance Jackson Rd. was delivered this past February.
Transwestern and Drake Commercial represented the landlord, The Park on Vance Jackson LLC. KW Commercial City View represented the tenant. The Keller Williams franchise had been at 10999 W. I-10 for more than 30 years.
The Real Estate Center has more on San Antonio's office market:
| Connect Media
| San Antonio-New Braunfels
| Office
| | | | | Read more at {Source} |
| Texas factory activity expands for sixth month in a row | Texas factory activity expands for sixth month in a row | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25255 | 2020-12-01T06:00:00Z | 2020-12-01T16:00:00Z | DALLAS – Texas factory activity expanded for the sixth straight month in November, though at a markedly slower pace, according to the Dallas Fed’s Texas Manufacturing Outlook Survey.
The production index, a key measure of state manufacturing conditions, fell from 25.5 to 7.2, indicating a deceleration in output growth.
Other measures of manufacturing activity and broader business conditions point to slower growth in November, as the indexes remained positive but came in below October’s readings.
Expectations regarding future activity remained positive in last month, although several key indexes moved down from their October readings. The future production index fell six points to 40.8, and the future general business activity index edged down three points to 25.8. Other measures of future manufacturing activity showed mixed movements but remained solidly in positive territory.
Read the Real Estate CenterTexas Quarterly Commercial Report for more.
| Connect Media
| Texas
| Industrial
| | | | | Read more at {Source} |
| H-E-B working on New Braunfels store | H-E-B working on New Braunfels store | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25249 | 2020-12-01T06:00:00Z | 2020-12-01T15:00:00Z | NEW BRAUNFELS – H-E-B is building a 122,222-sf store at 651 S. Walnut Ave.
Work will start on the $17.5 million project early next year. Opening is slated for fourth quarter 2021.
An existing 99,000-sf H-E-B opened in the same retail center in 1994.
Get more San Antonio-area retail news on the Real Estate Center's website:
Source: REBusiness Online | REBUSINESS
| San Antonio-New Braunfels
| Retail
| | | | | Read more at {Source} |
| Austin condo tower set for 2021 groundbreaking | Austin condo tower set for 2021 groundbreaking | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25246 | 2020-11-30T06:00:00Z | 2020-11-30T21:00:00Z | AUSTIN – Locally based Pearlstone Partners and New York-based ATCO Properties and Management are developing a 41-story condominium tower in the Rainey Street Historic District.
Currently referred to as "The East Tower," the project will include 284 units averaging 975 sf. Prices will be between $499,000 and $999,000.
Work starts in second quarter 2021 with completion set for fourth quarter 2023.
Get more Austin-area news on the Real Estate Center's website: Source: Connect Media | Connect Media
| Austin-Round Rock
| Housing
| | | | | Read more at {Source} |
| Downtown SA's Hotel Contessa sold | Downtown SA's Hotel Contessa sold | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25247 | 2020-11-30T06:00:00Z | 2020-11-30T21:00:00Z | SAN ANTONIO – Hotel Contessa, a 265-room hotel in the Riverwalk area, has been sold.
The 12-story building at 306 W. Market St. was built in 2005. It has 10,000 sf of event space, a rooftop pool, restaurant/bar, and full-service spa. Hodges Ward Elliott represented the seller and arranged financing on behalf of the buyer.
Get more San Antonio-area hotel news on the Real Estate Center's website.
| REBUSINESS
| San Antonio-New Braunfels
| Hotel
| | | | | Read more at {Source} |
| 'Cost-efficient' rental housing debuts in Katy | 'Cost-efficient' rental housing debuts in Katy | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25248 | 2020-11-30T06:00:00Z | 2020-11-30T21:00:00Z | KATY – Alliance Residential Co. has opened Prose West Cypress, a 336-unit "cost-efficient" apartment community at 19770 Clay Rd.
The Prose brand is intended to be more affordable by eliminating lavish amenities and upscale common area features many area apartments have.
The Real Estate Center has more information like this online for free:
Source: Realty News Report | Realty News Report
| Houston-The Woodlands-Sugar Land
| Multifamily
| | | | | Read more at {Source} |
| Affordable housing complex changes hands | Affordable housing complex changes hands | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25243 | 2020-11-30T06:00:00Z | 2020-11-30T20:00:00Z | DALLAS – Ridge at Trinity Apartments, a 230-unit affordable housing community at 7203 Great Trinity Forest Way, has been sold.
Built in 1970 and renovated between 2015 and 2019, the 19-building property spans 17.4 acres.
It has a mix of one-, two-, and three-bedroom units ranging from 676 to 1,117 sf. Amenities include onsite laundry facilities and open green spaces with playgrounds. Colliers International represented the seller, Hope Housing.
The Real Estate Center has more information like this online for free:
Source: REBusiness Online | REBUSINESS
| Dallas-Fort Worth-Arlington
| Multifamily
| | | | | Read more at {Source} |
| GVA Management acquires apartment asset | GVA Management acquires apartment asset | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25244 | 2020-11-30T06:00:00Z | 2020-11-30T20:00:00Z | DALLAS – GVA Management has purchased Bella Vista Creek, a 272-unit, Class B multifamily community at 3402 S. Buckner Blvd.
Built in 1985 and 1987, the complex has a mix of one- and two-bedroom units. Amenities include a business center, clubhouse, swimming pool, and gated access. The buyer plans an extensive rehab project. CBRE represented the seller, Canada-based AmeriCan Multifamily Alliance Group.
The Real Estate Center has more information like this online for free:
Source: Connect Media | Connect Media
| Dallas-Fort Worth-Arlington
| Multifamily
| | | | | Read more at {Source} |
| Japanese subsidiary picks up industrial building | Japanese subsidiary picks up industrial building | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25245 | 2020-11-30T06:00:00Z | 2020-11-30T20:00:00Z | AUSTIN – CKD USA, the U.S. subsidiary of Japanese manufacturer CKD Crop., has purchased a 50,000-sf industrial building. The new owner will invest about $13 million in revamping the facility at 4401 Supply Court.
CKD will bring 70 new jobs to the area when it begins operations in fall 2021.
NAI Partners represented the buyer, and CBRE represented the seller.
The Real Estate Center has more Austin real estate news:
| REBUSINESS
| Austin-Round Rock
| Industrial
| | | | | Read more at {Source} |
| Dallas senior housing community undergoes $77M expansion | Dallas senior housing community undergoes $77M expansion | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25242 | 2020-11-30T06:00:00Z | 2020-11-30T19:00:00Z | DALLAS – Presbyterian Village North is undergoing an expansion project that will add 112 new independent living units in a five-story building named The Hawthorne.
The 66-acre community currently consists of 89 buildings with 253 independent-living, 101 assisted-living, 44 memory-care units, and 106 skilled nursing beds. Of the 97 units being marketed, 72 percent are already pre-sold. The project also includes renovations to common areas.
Ziegler arranged $77.1 million in financing.
| REBUSINESS
| Dallas-Fort Worth-Arlington
| Senior Living
| | | | | Read more at {Source} |
| 265-unit Riverwalk hotel trades hands | 265-unit Riverwalk hotel trades hands | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25239 | 2020-11-25T06:00:00Z | 2020-11-25T16:00:00Z | SAN ANTONIO – Wheelock Street Capital has purchased Hotel Contessa, a 265-unit all-suite hotel at 306 W. Market St.
Built in 2005, the 12-story building has a rooftop pool, restaurant and bar, spa, and 10,000 sf of event space.
Get more San Antonio-area hotel news on the Real Estate Center's website.
| San Antonio Business Journal
| San Antonio-New Braunfels
| Hotel
| | | | | Read more at {Source} |
| 1M-sf former Titan tire plant rolls to new owner | 1M-sf former Titan tire plant rolls to new owner | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25240 | 2020-11-25T06:00:00Z | 2020-11-25T16:00:00Z | BROWNSVILLE – Phoenix Investors has acquired the 1.04 million-sf former Titan International Inc. tire plant at 6700 Paredes Line Rd.
Built in 1997, the 108-acre property was converted into a multitenant asset in 2003.
Newmark represented Titan in the sale.
The Real Estate Center has more RGV news you may find interesting: Source: REBusiness Online | REBUSINESS
| Brownsville-Harlingen
| Industrial
| | | | | Read more at {Source} |
| Jenkins breaks ground on Bryan RV resort | Jenkins breaks ground on Bryan RV resort | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25241 | 2020-11-25T06:00:00Z | 2020-11-25T16:00:00Z | BRYAN – The Jenkins Organization has broken ground on an RV resort near Texas A&M University.
The park will include 304 RV sites and 64 cabins. Amenities will include a sports court, camp store, two clubhouses, pools, covered pavilions, walking trails, two dog parks, and two workout facilities. Construction will be complete in summer 2021.
If you're looking for more news like this, head to the Center's website. | REBUSINESS
| College Station-Bryan
| Retail
| | | | | Read more at {Source} |
| 804-unit workforce housing complex sold in South Dallas | 804-unit workforce housing complex sold in South Dallas | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25235 | 2020-11-25T06:00:00Z | 2020-11-25T15:00:00Z | DALLAS – Nitya Capital has purchased The Muse, an 804-unit workforce housing community at 3035 W. Pentagon Pkwy.
The Muse offers 30 different floor plans with an average size of 926 sf.
Amenities include a fitness center, business center, and onsite laundry facilities.
NorthMarq represented the seller, S2 Capital LLC.
The Real Estate Center has more information like this online for free:
Source: REBusiness Online | REBUSINESS
| Dallas-Fort Worth-Arlington
| Multifamily
| | | | | Read more at {Source} |
| JV developing Texas Wesleyan student housing | JV developing Texas Wesleyan student housing | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25236 | 2020-11-25T06:00:00Z | 2020-11-25T15:00:00Z | FORT WORTH – Panteras Development Partners and Miyama USA Texas have entered a long-term ground lease with Texas Wesleyan University to develop a student housing community.
Called the Rosedale, the three-story single-building community at 3228 E. Rosedale St. contains 101 beds across 56 units.
Amenities will include 101 gated parking spaces, student lounges with large-screen televisions, and dedicated study areas. Miyama is overseeing funding and management of the community. The architect is 97w.
The Real Estate Center has more information like this online for free:
Source: Fort Worth Business Press | Fort Worth Business Press
| Dallas-Fort Worth-Arlington
| Multifamily
| | | | | Read more at {Source} |
| Surface parking transforming in Parmer business park | Surface parking transforming in Parmer business park | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25237 | 2020-11-25T06:00:00Z | 2020-11-25T15:00:00Z | AUSTIN – The Austin Zoning and Platting Commission has approved a plan to expand the 138-acre 7700 Parmer business park.
A surface parking lot will be transformed into a 340-room hotel, 80,000 sf of retail and restaurant space, and 1,800 multifamily units.
Get more Austin-area news on the Real Estate Center's website:
Source: Austin Business Journal | Austin Business Journal
| Austin-Round Rock
| Mixed-Use
| | | | | Read more at {Source} |
