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CIM Group acquires 1.1M-sf logistics centerCIM Group acquires 1.1M-sf logistics centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243872020-06-01T05:00:00Z2020-06-01T16:00:00Z

​​FORT WORTH – CIM Group has acquired Junction 20/35, a 1.1-million-sf cold- and dry-storage facility at 7550 Oak Grove Rd.

The acquisition also included an adjacent 14.42​ acres.

Built in 1989, the facility has modern clear heights and column spacing, loading bays, a truck court, car and trailer parking, and rail accessibility. 

It has been renovated several times, most recently in 2018, and ​provides freezer and cooler space.

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

Source: Connect Media
Connect Media
Dallas-Fort Worth-Arlington
Industrial
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SE Houston industrial building under new ownershipSE Houston industrial building under new ownershiphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243882020-06-01T05:00:00Z2020-06-01T16:00:00Z

​HOUSTON – Latitude 17 Holdings LLC has purchased a single-tenant industrial building from Yilteks Warehouse LLC. 

The 25,146-sf industrial property at 7311 Galveston Rd. was built in 1980. 

NAI Partners represented the buyer while Vita Realty represented the seller. 

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

​Source: REBusiness Online

REBUSINESS
Houston-The Woodlands-Sugar Land
Industrial
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Legendzway inks 267K-sf industrial lease at DFW AirportLegendzway inks 267K-sf industrial lease at DFW Airporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243862020-06-01T05:00:00Z2020-06-01T15:00:00Z

​IRVING – Legendzway Distribution has leased a 267,000-sf industrial building at 2600 Market St., just north of US 183.

The warehouse is at the south end of the airport in Bandera Venture's Gateway Logistics Center.

Rubicon Representation negotiated the lease on behalf of the tenant with HPI Real Estate Services. 

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

Source: Dallas Morning News
Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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105-acre Floyd Casey development moves forward105-acre Floyd Casey development moves forwardhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243812020-06-01T05:00:00Z2020-06-01T12:00:00Z

​​​​WACO – Locally based Turner Behringer is developing a housing-heavy mixed-use project at the 105-acre former site of Floyd Casey Stadium. 

The development will have 300 households, 7,200 sf of trails, ten acres of open space, 74,000 sf of office and commercial space, community facilities, 7.3 acres of gathering areas, and a park. ​

Texas logoIf you're looking for more news like this, head to the Center's website.

Waco Tribune-Herald
Waco
Mixed-Use
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Nine-acre expansion underway at Toyota of Cedar Park Nine-acre expansion underway at Toyota of Cedar Park https://www.recenter.tamu.edu/news/newstalk-texas/?Item=243822020-06-01T05:00:00Z2020-06-01T12:00:00Z

​​​LEANDER – Toyota of Cedar Park is expanding its dealership at 5600 US 183A by 9.2 acres. 

The $10.7 million project will add 160 jobs over the next five years. 

Texas logoThe Real Estate Center has more local commercial real estate news like this online:


Community Impact Newspaper
Austin-Round Rock
Retail
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283-condo tower to rise in Rainey St. district283-condo tower to rise in Rainey St. districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243842020-06-01T05:00:00Z2020-06-01T12:00:00Z

AUSTIN – Pearlstone Partners is developing a 283-unit condominium ​high-rise at 84 East Ave. 

The 41-story building will feature one- and two-bedroom units averaging 955 sf. Prices will range from $499,000 to $999,000.

Amenities will include a rooftop pool, fitness center, coworking space, and dog park.

Construction begins in 2021. 

STG Design is the developer. 

texaslogo.pngThe Real Estate Center has more news like this online for free:
Austin Business Journal
Austin-Round Rock
Multifamily
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International Leadership of Texas signs 29K-sf lease International Leadership of Texas signs 29K-sf lease https://www.recenter.tamu.edu/news/newstalk-texas/?Item=243852020-06-01T05:00:00Z2020-06-01T12:00:00Z

​​COLLEGE STATION – The city has approved a three-year, $1.02 million lease of the former College Station police headquarters at 800 Krenek Tap Rd.

The 29,000-sf building will be home to International Leadership of Texas charter school’s first class of 10th-grade students, with 11th and 12th graders added in the upcoming years.

The building will serve as the school’s temporary space until it completes construction at its Longmire Dr. campus.

Texas logoGet more College Station-Bryan real estate news online.​

​Source: The E​agle​
The Eagle
College Station-Bryan
Education
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182K-sf business park tops off in Southlake 182K-sf business park tops off in Southlake https://www.recenter.tamu.edu/news/newstalk-texas/?Item=243792020-05-29T05:00:00Z2020-05-29T16:00:00Z

​SOUTHLAKE – Holt Lunsford Commercial Investments has completed Southlake Business Park, a 182,000-sf industrial development at 415 Bank St. 

​The 12.6-acre property consists of three buildings with front- and rear-load configurations. 

Additional features include 24- to 28-ft clear heights, 190-ft shared truck courts, and 244 automobile parking spaces. 

Holt Lunsford Commercial will market the property to users seeking 13,000 to 100,000 sf.

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

REBUSINESS
Dallas-Fort Worth-Arlington
Industrial
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95K-sf mixed-use project coming north of SH 11495K-sf mixed-use project coming north of SH 114https://www.recenter.tamu.edu/news/newstalk-texas/?Item=243802020-05-29T05:00:00Z2020-05-29T16:00:00Z

​SOUTHLAKE – Medici Development Partners is building District 114, a 94,990-sf mixed-use project north of SH 114 between Cherry Ln. and N. Kimball Ave.

The four-story building is part of the Kimball Park mixed-use development.

It will have 25,112 sf of ground-floor retail space, upper-level offices, a top-floor outdoor space, and a 320-space parking garage.

BOKA Powell designed the project. JLL arranged the construction funding with Happy State Bank & Trust.

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

Dallas Morning News
Dallas-Fort Worth-Arlington
Mixed-Use
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More businesses allowed to open on May 29More businesses allowed to open on May 29https://www.recenter.tamu.edu/news/newstalk-texas/?Item=243762020-05-29T05:00:00Z2020-05-29T15:00:00Z

​​AUSTIN – Gov. Greg Abbott has issued a proclamation allowing the state’s water parks, driver education programs, and mall food courts to reopen Friday, May 29. 

Under Phase II of the state’s reopening plan, these establishments may reopen at a limited capacity of 25 percent. 

Texas logoThe Real Estate Center has more COV​ID-19 information online for free.

​Source: REBusiness Online
REBUSINESS
Texas
Economy
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U.S. Auto Parts Network to bring 150 jobs to Grand PrairieU.S. Auto Parts Network to bring 150 jobs to Grand Prairiehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243772020-05-29T05:00:00Z2020-05-29T15:00:00Z

​GRAND PRAIRIE – U.S. Auto Parts Network Inc. has rented a 210,000-sf industrial building at 1301 Ave. T from ProLogis Inc.

The new distribution center will create 150 jobs and is expected to have $10 million in economic impact in its first 18 months of operation.

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

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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Work begins on Columbia Renaissance Square Phase IIWork begins on Columbia Renaissance Square Phase IIhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243782020-05-29T05:00:00Z2020-05-29T15:00:00Z

​FORT WORTH – KWA Construction has broken ground on the 120-unit second phase of Columbia Renaissance Square, a senior-living development.​

Phase I, which was developed by Columbia Residential and Renaissance Heights Development Group, delivered 140 units, the majority of which were affordable housing residences. 

Phase II will be complete in December.

texaslogo.pngLooking for more Dallas-area senior living news? The Real Estate Center's got you covered. ​

REBUSINESS
Dallas-Fort Worth-Arlington
Senior Living
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Advanced Wheel Sales drives into Missouri CityAdvanced Wheel Sales drives into Missouri Cityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243752020-05-29T05:00:00Z2020-05-29T14:00:00Z

​​MISSOURI CITY – Advanced Wheel Sales LLC has signed a 65,020-sf lease in Building 2 of Waypoint Business Park. 

The newly built, 248,930-sf building is along S. Sam Houston Pkwy. W. This is the first lease in the facility.

​Transwestern represented the tenant. Stream Realty represented the landlord, Waypoint Business Park LLC. 

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

​Source: Connect Media

Connect Media
Houston-The Woodlands-Sugar Land
Industrial
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Texas initial unemployment claims fall for fifth straight weekTexas initial unemployment claims fall for fifth straight weekhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243742020-05-29T05:00:00Z2020-05-29T13:00:00Z

​​​COLLEGE STATION – In the week ending May 13, over 122,400 initial unemployment insurance claims were filed in Texas. That brings the total since March 21 to 2.2 million, according to data from the U.S. Department of Labor (DOL). 

Unemployment claims fell for the fifth straight week after rebounding on April 18.

"The number of initial claims continue to fall steadily, although the numbers are still worrisome," said Real Estate Center Research Economist Dr. Luis Torres.

Using data from the DOL and the Employment and Training Administration, the Center estimates that from March 21 to May 16 nearly 468,000 seasonally adjusted claims were filed in Dallas-Fort Worth. That is the highest of Texas' major metros. 

In Houston, San Antonio, and Austin, an estimated 457,600, 147,600, and 136,600 claims were filed during that time, respectively. 

Along the border, an estimated 49,600, 49,200, 22,200, and 13,800 claims were filed in McAllen, El Paso, Brownsville, and Laredo, respectively. 

From March 21 to May 16, over 10,300 unemployment claims were filed in College Station-Bryan.

Accommodation and food services, administrative/support/waste management/remediation services, and retail trade represented the sectors with the biggest unemployment claims.

Last month, around 1.05 million Texans left the workforce.

"This has implications for the unemployment rate and future growth potential," said Torres.

Nationwide, 40.7 million unemployment claims have been filed since March 21. ​​

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

​Source: Real Estate Center
Real Estate Center
Texas
Employment
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Texas specialty crop sector hit hard by pandemicTexas specialty crop sector hit hard by pandemichttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243732020-05-28T05:00:00Z2020-05-28T19:00:00Z

​​​COLLEGE STATION – ​​The specialty crop sector in Texas—consisting primarily of fruits and vegetables—has been one of the agricultural sectors hit hardest ​by the COVID-19 pandemic, according to Texas A&M AgriLife​​ Extension Service economists. 

According to a report from the Agricultural and Food Policy Center (AFPC), if the pandemic persists, Texas fruit and vegetable producers could be left without outlets for their highly perishable products and ultimately lose more than $397 million.

Typically, a large fruit and vegetable producer sells about 40 percent of its product to retail grocers, another 40 percent to restaurants and food-service outlets, and the remaining ​20 percent to other outlets.

“As a result of the COVID-19 pandemic, the closure of most restaurants and schools has caused a major reduction in demand for produce," said AgriLife Economist and AFPC Co-Director Joe Outlaw. “The pandemic has also caused significant disruptions to the supply chain and agricultural systems."

Many grocery stores have significantly reduced the variety of items they stock.​​​

Fruit and vegetable producers in South Texas have experienced anywhere between a 20 percent to 50 percent reduction in sales. Additionally, imports of fruits and vegetables from Mexico went down 18 percent in April, indicating low demand for both domestic and imported produce.

Additionally, South Texas' labor shortage has only worsened due to the pandemic, especially as labor is diverted to cleaning, disinfecting, and sanitizing. Some producers have experienced up to a 50 percent reduction in harvesting crews.

While growing conditions in the state's Winter Garden area bode well for most crops already in the ground, pandemic factors will likely continue to affect producer profitability for some time to come.

Texas logoThe Real Estate Center has more COV​ID-19 information online for free.

​​Source: ​Texas A&M Tod​ay
Texas A&M Today
Texas
Land
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Newline Interactive inks 49K-sf lease at Parc NortheastNewline Interactive inks 49K-sf lease at Parc Northeasthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243682020-05-28T05:00:00Z2020-05-28T18:00:00Z

​RICHARDSON – Newline Interactive Inc. has signed a lease at Parc Northeast, Jackson-Shaw’s Class A industrial development. 

The manufacturer leased 48,160 sf in the 88,829-sf Building 3.

This lease ​brings the 434,640-sf, four-building park to 50 percent occupancy. There is a combined 219,581 available sf remaining within the first three buildings. 

Holt Lunsford Commercial brokered the lease.​

GID is the project’s equity partner. MYCON is the general contractor, GSR-Andrade is the architect, and Kimley Horn is the civil engineering firm. Veritex Community Bank provided construction financing.

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

Source: Jackso​n-Shaw
Jackson-Shaw
Dallas-Fort Worth-Arlington
Industrial
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Dallas craves the wave: Ocean Spray plans shipping hubDallas craves the wave: Ocean Spray plans shipping hubhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243692020-05-28T05:00:00Z2020-05-28T18:00:00Z

​​DALLAS – Ocean Spray is developing a 270,000-sf shipping hub at 9890 Bonnie View Rd.

The distribution facility will be in a warehouse owned by NFI Industries, who already occupies part of the building.

The remainder of the 626,000-sf property is being outfitted for Ocean Spray with warehousing and cold storage space.

CBRE is marketing the vacant building space.

The $2.2 million project is set to open in September 2020.

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

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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1.4M-sf industrial park in the works in Denton County1.4M-sf industrial park in the works in Denton Countyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243702020-05-28T05:00:00Z2020-05-28T18:00:00Z

​​​​HASLET – An affiliate of Weber & Co. will start this summer on a three-building warehouse complex in on 50 acres near I-35W.

The 1.4 million-sf Intermodal Commerce Park project is valued at $42 million.

RGA Architects is designing the project for owner Weber Gruene Alliance LP.

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

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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Houston retail center trades handsHouston retail center trades handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=243712020-05-28T05:00:00Z2020-05-28T18:00:00Z

​​​HOUSTON – ​​RPI Interests I Ltd. has sold Inwood Forest Shopping Center to Fahra International Inc.

The 89,213-sf, two-building project is on six acres at 5700-5746 W. Little York Rd. It is anchored by a 20,460-sf La Michoacana grocery, 20,000-sf Giant Dollar, and 9,800-sf CSL Plasma. 

NewQuest Properties brokered the deal. 

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

​​Source: Realty News Report

Realty News Report
Houston-The Woodlands-Sugar Land
Retail
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Heritage developing 104-room Residence Inn hotel Heritage developing 104-room Residence Inn hotel https://www.recenter.tamu.edu/news/newstalk-texas/?Item=243652020-05-28T05:00:00Z2020-05-28T17:00:00Z

​WACO – Heritage Hospitality Group has broken ground on a 104-room Residence Inn by Marriott hotel at 2424 Marketplace Dr. 

The four-story property will have a sports court, pool, fitness center, and meeting rooms. 

Construction will be complete in mid-July.

Texas logoLooking for more stories like this? The Real Estate Center has got you covered:

​​Source: REBusiness Online
REBUSINESS
Waco
Hotel
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