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335-unit McKinney multifamily starting this month335-unit McKinney multifamily starting this monthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284392022-12-05T06:00:00Z2022-12-09T22:00:00Z

McKINNEY – JPI will break ground this month on a $70 million, 335-unit multifamily development on 30 acres on Stacy Rd.

The three-story pr​oject with have 240 apartments and 95 townhomes.

Lord Arck & Sargent designed the buildings.

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

​Source: Dallas Morning News​
Dallas Morning News
Dallas-Fort Worth-Arlington
Multifamily
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$50 million factory coming to El Paso$50 million factory coming to El Pasohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284502022-12-07T06:00:00Z2022-12-09T20:00:00Z

​​EL PASO – Novipax has broken ground on a 210,000-sf factory at 13829 Gateway W.

The $50 million project will create 130 jobs.

The facility will be fully operational by June 2023.​​

Texas logoThe Texas Real Estate Research Center has more news like this:

Source: El Paso Inc.


El Paso Inc.
El Paso
Industrial
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Blakefield planning 2,200-acre community near Lake TravisBlakefield planning 2,200-acre community near Lake Travishttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284522022-12-07T06:00:00Z2022-12-09T20:00:00Z

​​AUSTIN – Blakefield is developing Thomas Ranch, a 2,200-acre master-planned community near Lake Travis.

The multi-phase project wi​ll have thousands of homes, apartments, a resort hotel, and 250,000 sf of retail, dining, and office services.

Construction begins in 2023.

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

​​​Source: Connect CRE​

Connect CRE
Austin-Round Rock
Mixed-Use
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700K-sf apartment tower rising in The Domain700K-sf apartment tower rising in The Domainhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284532022-12-07T06:00:00Z2022-12-09T20:00:00Z

​​​AUSTIN – Trammell Crow Company is developing a 20-story apartment tower in The Domain.

The $145 million project will span 700,000 sf across 416 units.

Amenities will include a fitness center, amenity deck, and clubroom. 

ESG designed the building. Construction begins in April 2023 and will take two years.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
Connect CRE
Austin-Round Rock
Multifamily
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Friendswood medical building tops outFriendswood medical building tops outhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284482022-12-07T06:00:00Z2022-12-09T17:00:00Z

​FRIENDSWOOD – Tannos Development Group has topped out a four-story, 106,000-sf medical office building at 1715 S. Friendswood Dr.

The $23 million downtown building will be ready for ​buildout by April.

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

​Source: Houston Business Journal​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Medical
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Texas housing manufacturers expect rebound in early 2023Texas housing manufacturers expect rebound in early 2023https://www.recenter.tamu.edu/news/newstalk-texas/?Item=284602022-12-09T06:00:00Z2022-12-09T15:00:00Z

​​COLLEGE STATION – After booming during the COVID-19 pandemic, the manufactured-housing correction continued as business activity slipped for the eighth consecutive month, according to the November edition of the Texas Manufactured Housing Survey.  

All respondents noted a decrease in month-over-month sales, and the production index remained in negative territory. The number-of-employees index fell to its lowest level on record, indicating payroll reductions as manufacturers adjusted operations, and average work weeks fell accordingly. 

"Activity in the overall housing sector has stalled as a result of the Federal Reserve’s interest rate increases, and manufactured housing is not immune to the slowdown," said Dr. Harold Hunt, research economist for the Texas Real Estate Research Center. "The consensus is that rate hikes will continue into 2023, albeit at a slower pace, resulting in a generally negative short-term outlook for housing and housing-adjacent industries."

Despite current challenges, optimism over the next six months turned positive across multiple indicators. Manufacturers anticipate activity to rebound in 2023 through higher sales and production, and out-of-state shipments should pick up after stalling since May.

"Sales to retailers are subdued by downstream inventory constraints, particularly as floor plan lenders pulled back overage amounts and credit dried up earlier this year," said Rob Ripperda, vice president of operations for the Texas Manufactured Housing Association. "Fortunately for manufacturers, end-consumer sales are holding up relatively well and are still on pace to finish the year above 2021 levels. Higher housing costs across the board appear to be pulling consumers into the manufactured-home market, and the industry’s affordability advantage remains a source of optimism."   

Manufacturers anticipate additional supply-chain smoothing, leading to lower costs for raw materials and downward pressure on sale prices. While the clouds may be clearing for a rebound in early 2023, looming regulatory changes and general macroeconomic uncertainty remain the primary headwinds to the industry.

Texas logoThe Texas Real Estate Research Center has a wealth of economic information online for free.

Texas Real Estate Research Center
Texas
Housing
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Mazaheri snags Fort Worth retail power centerMazaheri snags Fort Worth retail power centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284372022-12-05T06:00:00Z2022-12-08T22:00:00Z

​​​​​​​FORT WORTH – The Shops at Chisholm Trail Ranch, a 213,416-sf retail power center at the intersection of Chisholm Trail Pkwy. and McPherson Blvd., has been sold.​​

Completed in August ​2020, the center was 97.5 percent leased at the time of sale.​

JLL represented the seller, StreetLevel Investments. Price Edwards & Co. represented the buyer, Mazaheri Properties.

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

REBUSINESS
Dallas-Fort Worth-Arlington
Retail
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Coleman Powersports signs Mesquite leaseColeman Powersports signs Mesquite leasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284382022-12-05T06:00:00Z2022-12-08T22:00:00Z

​MESQUITE – Coleman Powersports has signed a 379,620-sf lease at Mesquite Airport Logistics Center, a multi-phase industrial park at 4180 E. Scyene Rd.

Coleman will occupy all of Building 1, which was part of Phase I of the 2.3 million-sf development.

Construction of the two-building second phase has begun and will be complete next year.

Stream Realty Partners represented the landlord, Dalfen Industrial, in lease negotiations.

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

​Source: REBusiness Online
REBUSINESS
Dallas-Fort Worth-Arlington
Industrial
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Apache Corp. expanding Houston HQApache Corp. expanding Houston HQhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284432022-12-06T06:00:00Z2022-12-08T19:00:00Z

​​​​​​HOUSTON – Apache Corp. has signed a 328,000-sf lease renewal and expansion at Briarlake Plaza.

The corporation will relocate its global headquarters to the property, where it currently oc​cupies 210,000 sf. 

The lease, which was originally set to expire in 2024, will expire in 2038.​

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

​Source: Commercial Search​

Commercial Search
Houston-The Woodlands-Sugar Land
Office
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Square House Capital picks up Austin apartmentsSquare House Capital picks up Austin apartmentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284452022-12-06T06:00:00Z2022-12-08T19:00:00Z

​​​​AUSTIN – Square House Capital has purchased Radius on Grove, a 156-unit multifamily complex at 2301 Grove Blvd.

It has one- and two-bedroom floor plans. Amenities include a pool, fitness center, business center, clubhouse, pet play area, and outdoor grilling and dinin​​​g stations.

Square House will upgrade the property, which was 98 percent occupied at the time of sale. 

Newmark represented the seller, Hilltop Residential.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
REBUSINESS
Austin-Round Rock
Multifamily
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Micro-housing complex nearing completionMicro-housing complex nearing completionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284462022-12-06T06:00:00Z2022-12-08T19:00:00Z

​​AUSTIN – Sixth and Chicon, a 34,264-sf micro-housing development at 1812 E. Sixth St., has topped out.

The six-story development will have 60 apartments ranging from 252 to 465 sf.

Watershed Development Group, Mark Odom Studio, Cadence McShane Construction, Civilitude, Leap Structures, and Nichols Engineering collaborated on the project.

Construction wraps in summer 2023.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
Austin Business Journal
Austin-Round Rock
Multifamily
Read more at {Source}
Hines picks up Houston industrial facilityHines picks up Houston industrial facilityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284412022-12-06T06:00:00Z2022-12-08T18:00:00Z

​​​​​HOUSTON – Hines has acquired Pinto 23, a 282,190-sf industrial facility.

The building has 36-ft clear heights, 76 dock doors, 112 trailer parking spaces, and 4,604 sf of office space.

The cross-dock property, which delivered in October 2022, is within a 5.3 million-sf development.

The sellers were Griffin Partners and Pinto Realty Partners.

JLL brokered the deal. CBRE will handle leasing.

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

​Source: REBusiness Online​

REBUSINESS
Houston-The Woodlands-Sugar Land
Industrial
Read more at {Source}
343-unit Arlington multifamily project completed343-unit Arlington multifamily project completedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284332022-12-02T06:00:00Z2022-12-07T22:00:00Z

​​​​​ARLINGTON – Streetlights Residential has completed The Louise, a 343-unit multifamily project at 4151 Viridian Village Dr.

The project has studio and one-, two-, and three-bedroom floor plans ranging from 588 to 1,674 sf. There will also be 32 townhomes averaging 1,902 sf.

Amenities include a pet park, conference room, art studio, pool, clubroom, fitness center, golf simulator, and library.​

The Louise is part of the second phase of the 2,000-acre Viridian mixed-use development. ​

Phase I of the development, The Jackson, totals 340 units and was completed last year.

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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Florida manufacturer signs 626K-sf industrial lease in MesquiteFlorida manufacturer signs 626K-sf industrial lease in Mesquitehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284342022-12-02T06:00:00Z2022-12-07T22:00:00Z

​​​MESQUITE – Florida-based Masonite International Corp. has signed a 626,718-sf lease at Mesquite Airport Logistics Center, a multi-phase industrial park at 4180 E. Scyene Rd.

Masonite will occupy all of Building 2, which was part of Phase I of the 2.3 million-sf development.

Construction of the two-building second phase has begun and will be complete next year.

Stream Realty Partners represented the landlord, Dalfen Industrial, in lease negotiations. 

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

​Source: REBusiness Online


REBUSINESS
Dallas-Fort Worth-Arlington
Industrial
Read more at {Source}
1,400 acres in Magnolia becoming new-home community1,400 acres in Magnolia becoming new-home communityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284312022-12-02T06:00:00Z2022-12-07T19:00:00Z

​​​MAGNOLIA – Johnson Development and IHP Capital Partners ​have purchased the initial phase of what will become a 1,400-acre new-home community. 

The tract is near the intersection of SH​ 249 and FM 1486.

The community will accommodate up to 3,700 units in a mix of single-family homes and townhomes. Builders will receive lots in late 2024.

The Nelson Company brokered the land sale.

​The project is the joint venture's second development together.

texaslogo.pngThe Texas Real Estate Research Center has more information on housing:​
Total PR
Houston-The Woodlands-Sugar Land
Housing
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Eōs Fitness inks three leasesEōs Fitness inks three leaseshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284422022-12-06T06:00:00Z2022-12-07T19:00:00Z

​​​HOUSTON – Baker Katz has arranged three retail leases in the Houston area for Eōs Fitness.

The leases include:

  • 51,130 sf in Sugar Land,
  • 42,000 sf in Atascocita, and
  • 51,130 sf in Katy.

The Sugar Land location will open in 2024, and the Atascocita​ and Katy locations will open in 2025.

Whitestone REIT, First Hartford Realty, and Excel Commercial Real Estate represented the landlords in each deal. 

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

​Source: REBusiness Online​

REBUSINESS
Houston-The Woodlands-Sugar Land
Retail
Read more at {Source}
477-unit SA self-storage facility sells477-unit SA self-storage facility sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284442022-12-06T06:00:00Z2022-12-07T19:00:00Z

​​​SAN ANTONIO – N​oah's Ark Self Storage, a 477-unit self-storage facility at 19130 Stone Oak Pkwy., has been sold.

Built in 2013, the facility has 57,219 sf of net rentable space.

Marcus and Millichap represented the seller and procured the buyer.​​

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

​​​​Source: REBusiness Online

REBUSINESS
San Antonio-New Braunfels
Retail
Read more at {Source}
The Bowerly coming to PflugervilleThe Bowerly coming to Pflugervillehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284472022-12-06T06:00:00Z2022-12-07T19:00:00Z

​​​​​PFLUGERVILLE – Wilson Capital is developing The Bowerly, a 294-unit multifamily complex at 100 Dessau Rd.

The three-building project will have one-, two-, and three-bedroom floor plans ranging fr​om 650 to 1,400 sf.

Clark Wilson Builder is the general contractor.

Construction begins in February 2023 and will be complete in 2024.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
Austin Business Journal
Austin-Round Rock
Multifamily
Read more at {Source}
912-unit multifamily complex gets new owner912-unit multifamily complex gets new ownerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284262022-11-30T06:00:00Z2022-12-06T23:00:00Z

​​​ARLINGTON – Blakely Apartment Homes, a 912-unit multifamily complex at 1908 Randy Snow Rd., has been sold.

Built in 1981, the complex has one- and two-be​droom units ranging from 575 to 950 sf.

Amenities include a pool, fitness center, and onsite laundry facilities.

GREA represented the seller, Ashland Greene Capital, and procured the buyer.

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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$3B Frisco mixed-use project starting this month$3B Frisco mixed-use project starting this monthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=284322022-12-02T06:00:00Z2022-12-06T22:00:00Z

​​​​FRISCO – StreetLights Residential is building The Mix, a $3 billion mixed-use project at the intersection of Dallas Pkwy. and Lebanon Rd.​

The 112-acre project will include:

  • two million sf of office space, 
  • 375,000 sf of retail space, 
  • three million sf of residential development,
  • a 400-key business hotel, 
  • 200-key boutique hotel, and 
  • 20 total acres of green space.

The Mix will have 20 total acres of green space, including a nine-acre central park with a pond, promenades, playground, performance pavilion, and event lawn. 

Work starts this month on the first phase. Full completion is slated for 2026.

The project team includes master-plan architects Torti Gallas + Partners and CallisonRTKL, planning and design engineer Kimley-Horn, and central park designer OBJ Landscape Architecture.

Retail Connection will handle leasing for the retail component,​​ and JLL will lease the office and medical space.

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

REBUSINESS
Dallas-Fort Worth-Arlington
Mixed-Use
Read more at {Source}

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