| 335-unit McKinney multifamily starting this month | 335-unit McKinney multifamily starting this month | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28439 | 2022-12-05T06:00:00Z | 2022-12-09T22:00:00Z | McKINNEY – JPI will break ground this month on a $70 million, 335-unit multifamily development on 30 acres on Stacy Rd.
The three-story project with have 240 apartments and 95 townhomes. Lord Arck & Sargent designed the buildings.
 The Texas Real Estate Research Center has more multifamily news online for free:
Source: Dallas Morning News | Dallas Morning News
| Dallas-Fort Worth-Arlington
| Multifamily
| | | | | Read more at {Source} |
| $50 million factory coming to El Paso | $50 million factory coming to El Paso | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28450 | 2022-12-07T06:00:00Z | 2022-12-09T20:00:00Z | 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. The Texas Real Estate Research Center has more news like this:
| El Paso Inc.
| El Paso
| Industrial
| | | | | Read more at {Source} |
| Blakefield planning 2,200-acre community near Lake Travis | Blakefield planning 2,200-acre community near Lake Travis | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28452 | 2022-12-07T06:00:00Z | 2022-12-09T20:00:00Z | AUSTIN – Blakefield is developing Thomas Ranch, a 2,200-acre master-planned community near Lake Travis.
The multi-phase project will have thousands of homes, apartments, a resort hotel, and 250,000 sf of retail, dining, and office services. Construction begins in 2023.
Get more Austin-area news on the Texas Real Estate Research Center's website: Source: Connect CRE | Connect CRE
| Austin-Round Rock
| Mixed-Use
| | | | | Read more at {Source} |
| 700K-sf apartment tower rising in The Domain | 700K-sf apartment tower rising in The Domain | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28453 | 2022-12-07T06:00:00Z | 2022-12-09T20:00:00Z | 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.
The Texas Real Estate Research Center has more news like this online for free: | Connect CRE
| Austin-Round Rock
| Multifamily
| | | | | Read more at {Source} |
| Friendswood medical building tops out | Friendswood medical building tops out | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28448 | 2022-12-07T06:00:00Z | 2022-12-09T17:00:00Z | 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.
Get 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
| | | | | Read more at {Source} |
| Texas housing manufacturers expect rebound in early 2023 | Texas housing manufacturers expect rebound in early 2023 | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28460 | 2022-12-09T06:00:00Z | 2022-12-09T15:00:00Z | 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. The Texas Real Estate Research Center has a wealth of economic information online for free.
| Texas Real Estate Research Center
| Texas
| Housing
| | | | | Read more at {Source} |
| Mazaheri snags Fort Worth retail power center | Mazaheri snags Fort Worth retail power center | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28437 | 2022-12-05T06:00:00Z | 2022-12-08T22:00:00Z | 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.
The Texas Real Estate Research Center has more on DFW real estate news: | REBUSINESS
| Dallas-Fort Worth-Arlington
| Retail
| | | | | Read more at {Source} |
| Coleman Powersports signs Mesquite lease | Coleman Powersports signs Mesquite lease | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28438 | 2022-12-05T06:00:00Z | 2022-12-08T22:00:00Z | 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.
The Texas Real Estate Research Center has more on DFW's industrial market:
| REBUSINESS
| Dallas-Fort Worth-Arlington
| Industrial
| | | | | Read more at {Source} |
| Apache Corp. expanding Houston HQ | Apache Corp. expanding Houston HQ | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28443 | 2022-12-06T06:00:00Z | 2022-12-08T19:00:00Z | 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 occupies 210,000 sf. The lease, which was originally set to expire in 2024, will expire in 2038.
Get 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
| | | | | Read more at {Source} |
| Square House Capital picks up Austin apartments | Square House Capital picks up Austin apartments | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28445 | 2022-12-06T06:00:00Z | 2022-12-08T19:00:00Z | 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 dining stations.
Square House will upgrade the property, which was 98 percent occupied at the time of sale. Newmark represented the seller, Hilltop Residential. The Texas Real Estate Research Center has more news like this online for free: | REBUSINESS
| Austin-Round Rock
| Multifamily
| | | | | Read more at {Source} |
| Micro-housing complex nearing completion | Micro-housing complex nearing completion | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28446 | 2022-12-06T06:00:00Z | 2022-12-08T19:00:00Z | 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.
The 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 facility | Hines picks up Houston industrial facility | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28441 | 2022-12-06T06:00:00Z | 2022-12-08T18:00:00Z | 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.
Get 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 completed | 343-unit Arlington multifamily project completed | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28433 | 2022-12-02T06:00:00Z | 2022-12-07T22:00:00Z | 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.
The Texas Real Estate Research Center has more multifamily news online for free:
Source: REBusiness Online
| REBUSINESS
| Dallas-Fort Worth-Arlington
| Multifamily
| | | | | Read more at {Source} |
| Florida manufacturer signs 626K-sf industrial lease in Mesquite | Florida manufacturer signs 626K-sf industrial lease in Mesquite | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28434 | 2022-12-02T06:00:00Z | 2022-12-07T22:00:00Z | 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.
The Texas Real Estate Research Center has more on DFW's industrial market:
| REBUSINESS
| Dallas-Fort Worth-Arlington
| Industrial
| | | | | Read more at {Source} |
| 1,400 acres in Magnolia becoming new-home community | 1,400 acres in Magnolia becoming new-home community | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28431 | 2022-12-02T06:00:00Z | 2022-12-07T19:00:00Z | 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.
The Texas Real Estate Research Center has more information on housing: | Total PR
| Houston-The Woodlands-Sugar Land
| Housing
| | | | | Read more at {Source} |
| Eōs Fitness inks three leases | Eōs Fitness inks three leases | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28442 | 2022-12-06T06:00:00Z | 2022-12-07T19:00:00Z | 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.
Get 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 sells | 477-unit SA self-storage facility sells | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28444 | 2022-12-06T06:00:00Z | 2022-12-07T19:00:00Z | SAN ANTONIO – Noah'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. Get 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 Pflugerville | The Bowerly coming to Pflugerville | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28447 | 2022-12-06T06:00:00Z | 2022-12-07T19:00:00Z | 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 from 650 to 1,400 sf.
Clark Wilson Builder is the general contractor. Construction begins in February 2023 and will be complete in 2024. The 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 owner | 912-unit multifamily complex gets new owner | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28426 | 2022-11-30T06:00:00Z | 2022-12-06T23:00:00Z | 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-bedroom 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.
The Texas Real Estate Research Center has more multifamily news online for free:
Source: REBusiness Online
| REBUSINESS
| Dallas-Fort Worth-Arlington
| Multifamily
| | | | | Read more at {Source} |
| $3B Frisco mixed-use project starting this month | $3B Frisco mixed-use project starting this month | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28432 | 2022-12-02T06:00:00Z | 2022-12-06T22:00:00Z | 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.
The Texas Real Estate Research Center has more information like this online:
| REBUSINESS
| Dallas-Fort Worth-Arlington
| Mixed-Use
| | | | | Read more at {Source} |
