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Plano’s Haggard family planning 142-acre mixed-use project Plano’s Haggard family planning 142-acre mixed-use project https://www.recenter.tamu.edu/news/newstalk-texas/?Item=265372021-09-24T05:00:00Z2021-09-24T16:00:00Z

​​​​​​​PLANO – Haggard Enterprises Ltd. and Stillwater Capital are developing a 142-acre mixed-use project on Spring Creek Pkwy.

The development will include​ 700,000 sf of offices, 700 multifamily units, a 98-room hotel, 30,000 sf of retail space, and a 427-unit senior living community.

About 13 acres at Spring Creek and Windhaven Parkways will be set aside for future single-family home construction, and 28 acres will be designated for open space.

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

Dallas Morning News
Dallas-Fort Worth-Arlington
Mixed-Use
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162K-sf northwest Dallas office building sold162K-sf northwest Dallas office building soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265382021-09-24T05:00:00Z2021-09-24T16:00:00Z

​​DALLAS – Northpointe Centre, a 161,182-sf office building at the northeast corner of I-635 and I-35E, has been sold.

The eight-story building was 75 percent occupied at the time of sale. Amenities include a gym, on-site deli, conference center, and parking garage.

Colliers International marketed the p​​​roperty on behalf of the seller and secured the buyer, both private investors. 

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

Source: Colliers International
Colliers International
Dallas-Fort Worth-Arlington
Office
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219-unit single-family rental community slated for Hutto 219-unit single-family rental community slated for Hutto https://www.recenter.tamu.edu/news/newstalk-texas/?Item=265392021-09-24T05:00:00Z2021-09-24T16:00:00Z

​HUTTO – Aspen Heights Partners is developing Bell Yard, a 219-home community on 36 acres north of Old Settlers Blvd. 

The property will have two- to four-bedroom homes. 

Construction begins in May 2022 and will finish in late 2023.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
REBUSINESS
Austin-Round Rock
Housing
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Texas condo, townhome sales increase, prices riseTexas condo, townhome sales increase, prices risehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265402021-09-24T05:00:00Z2021-09-24T16:00:00Z

​​​AUSTIN – Both condominium and townhome sales increased year over year in June 2021, according to Texas Realtors' Texas Condominium Sales Report. 

Condo sales increased 41 percent​ to 17,152 sales, while townhomes grew 36.4 percent to 11,508 sales. 

From June 2019,​ condo and townhome sales increased 30.8 and 30.0 percent, respectively. 

Total dollar volume for condos and townhomes sold in Texas during the year ending June 2021 was $5.07 trillion and $3.42 trillion, respectively. 

Sales price increased for both property types. Statewide, the year-to-date median sales price was $240,000 for condos (24 percent annual increase) and $285,000 for townhomes (18.7 percent increase). 

The average price per sf in June 2021 was $247 for condominiums and $170 for townhomes.​​

Texas condo inventory decreased from 5.1 months in June 2020 to 2.2 months​​​ in June 2021. Townhome inventory fell from 4.2 to two months. The Texas Real Estate Research Center considers six to 6.5 months of inventory a balanced market.

Condos spent an average of 48 days on the market in June 2021, down from 71 days. Days on market for townhomes fell from 63 days to 36. ​

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

Source: Texas Realtors​​​​
Texas REALTORS
Texas
Housing
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ConocoPhillips picks up Permian assets from ShellConocoPhillips picks up Permian assets from Shellhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265322021-09-24T05:00:00Z2021-09-24T15:00:00Z

​​​HOUSTON – ConocoPhil​lips has purchased 225,000 net acres in the Permian Basin fr​om Royal Dutch Shell for $9.5 billion. 

The purchase also includes 600 miles of associated infrastructure​. 

The deal marks Shell's exit from the largest U.S. oilfield to focus on clean energy. ​

ConocoPhillips already owned 750,000 net acres in the Permian.

Texas logoGet more industrial news on the Texas Real Estate Research Center's website:

​Source: Connect CRE

Connect CRE
NonMSA Texas
Industrial
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Katy multifamily trades handsKaty multifamily trades handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265312021-09-24T05:00:00Z2021-09-24T14:00:00Z

​​KATY – A joint venture between AXA IM Alts and RPM Living has acquired Grand at LaCenterra, a 271-unit apartment complex at 2727 Commercial Center Blvd.

The Class A property was built in 2016 and has studio and one-, two- and three-bedroom units. 

Amenities include a pool, fitness center, game room, conference facilities, library, outdoor kitchen, and package locker system. 

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

​Source: REBusiness Online

REBUSINESS
Houston-The Woodlands-Sugar Land
Multifamily
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Senior living slated for BeaumontSenior living slated for Beaumonthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265292021-09-22T05:00:00Z2021-09-23T19:00:00Z

​​​BEAUMONT – The City of Beaumont Housing Authority and Brinshore Development are developing Century Heights, a 200-unit senior living community.

The 6.8-acre project w​ill have a four-story, low-rise building with one- and two-bedroom units. 

Amenities will include a fitness center, computer learning center, health screening room, community room, pickle-ball court, barbeque pavilion, dog park, sensory garden, and fountain. 

Cadence McShane Construction Co. is handling construction​.​​​ Steinberg Dickey Collaborative​​ is the project architect. 

Completion is slated for the end of 2022. 

Texas logoHead to the Center's website for more Beaumont-Port Arthur real estate news.

​Source: Cadence McShane Construction Co.​
Cadence McShane Construction
Beaumont-Port Arthur
Senior Living
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80K-sf Kroger coming to $100M One City View80K-sf Kroger coming to $100M One City Viewhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265332021-09-23T05:00:00Z2021-09-23T15:00:00Z

​​DALLAS – Southeastern Development and Kroger are building One City View, a $100 million mixed-use development.

The project will have an 80,000-sf Kroger grocery store under a four-story, 376-unit apartment building.

One-fifth of the units will be reserved for residents earning a maximum of 60 percent of the area median family income.

Kroger purchased the 5.4 acres on N. Hall St. near US 75 in 2015. ​

Developers are seeking ten-year property tax abatements. O’Brien Architects is designing the project.

Dallas Morning News
Dallas-Fort Worth-Arlington
Mixed-Use
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Centurion American begins Collin Creek Mall redevelopment Centurion American begins Collin Creek Mall redevelopment https://www.recenter.tamu.edu/news/newstalk-texas/?Item=265342021-09-23T05:00:00Z2021-09-23T15:00:00Z

​PLANO – Centurion American has broken ground on the first phase of the $1 billion mixed-use project that will replace Collin Creek Mall.

Ashton Woods Homes, Gehan Homes, and Mattamy Homes will build 500 two- and three-story townhouses on the west side of the development.

Homes will start in the $500,000s.

Work wraps on phase one next summer.

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

          ​​​​Source: Dallas Morning News

          Dallas Morning News
          Dallas-Fort Worth-Arlington
          Housing
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          TRS moving into new 457K-sf HQTRS moving into new 457K-sf HQhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265352021-09-23T05:00:00Z2021-09-23T15:00:00Z

          ​​​​AUSTIN – The Teacher Retirement System of Texas (TRS) is moving its headquarters from downtown to Mueller, a mixed-use community northeast of the Central Business District. 

          TRS will occupy 457,000 sf across the Alpha and Bravo buildings at 1900 Aldrich St. 

          TRS will move into Alpha in spring 2023 and into Bravo in 2024. 

          Texas logoThe Texas Real Estate Research Center has more office news for Austin-Round Rock:

          Austin Business Journal
          Austin-Round Rock
          Office
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          Austin housing market calms in August Austin housing market calms in August https://www.recenter.tamu.edu/news/newstalk-texas/?Item=265362021-09-23T05:00:00Z2021-09-23T15:00:00Z

          ​​AUSTIN – Although the local housing market is calming, the Texas Capital still remains a top market in the U.S. 

          According to the Austin Boa​rd of Realtors, home sales in August declined 4.6 percent year over year to 3,849. 

          The median sales price increased 34.7 percent to $470,000, an all-time high for the month of August. Sales dollar volume increased 18.7 percent to $2.2 million. 

          Monthly housing inventory fell to one month. The Texas Real Estate Research Center considers six to 6.5 months of inventory a balanced market.

          Last month, new listings increased 14.1 percent to 4,409; active listings declined 19.1 percent to 3,380; and pending sales decreased 8.6 percent to 3,970.

          texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
          Austin Board of Realtors
          Austin-Round Rock
          Housing
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          OHT breaks ground on Clear Lake apartmentsOHT breaks ground on Clear Lake apartmentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265302021-09-23T05:00:00Z2021-09-23T14:00:00Z

          ​​​​​HOUSTON – OHT Partners LLC has broken ground on Lenox Bayside, a 315-unit luxury multifamily community.

          The four-story community w​ill have one-, two-, and three-bedroom units. Amenities will include a 24-hour collaborative work studio, resort-style pool, dog park and dog washing station, and outdoor pavilion with grills and a fireplace.​​

          Lenox Bayside will be on nine acres at the southwest corner of Gatebrook Dr. and Retail Rd. in the Clear Lake area. It will be zoned to Clear Creek ISD.

          Opening is set for ​early 2023.

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

          ​Source: OHT Partners 

          OHT Partners
          Houston-The Woodlands-Sugar Land
          Multifamily
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          Work starts on Houston's largest spec industrial buildingWork starts on Houston's largest spec industrial buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265282021-09-22T05:00:00Z2021-09-22T19:00:00Z

          ​​​​​BAYTOWN – TGS Cedar Port Partners LP has broken ground on a 1.2 million-sf​ cross dock warehouse.

          The spec distribution building will include 40-ft clear height​​​, 8-inch minimum slab, ring road around the building and truck court, LED warehouse lighting, ESFR sprinkler system, and over 1,000 trailer and 1,500 car parking spaces. 

          It will be at 6363 FM 1405 within the TGS Cedar Port Industrial Park.​

          Delivery is set for second quarter 2022.

          ​Powers Brown Architecture is the architect and E.E. Reed Construction LP is the general contractor. NAI Partners is handling leasing. Bank of Texas provided construction financing. 

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

          ​Source: NAI Partners

          NAI Partners
          Houston-The Woodlands-Sugar Land
          Industrial
          Read more at {Source}
          378K-sf Harris Ridge Business Center sold in north Austin 378K-sf Harris Ridge Business Center sold in north Austin https://www.recenter.tamu.edu/news/newstalk-texas/?Item=265242021-09-22T05:00:00Z2021-09-22T17:00:00Z

          ​​​​​​​AUSTIN – TA Realty has purchased Harris Ridge Business Center, a 387,838-​sf industrial park at 1100 E. Howard Lane. 

          Built between 2008 and 2021, the five-building industrial park was fully leased at the time of sale to 11 tenants. 

          CBRE represented the buyer, HPI Real Estate Services. 

          Texas logoThe Texas Real Estate Research Center has more industrial news for Austin-Round Rock:
          REBUSINESS
          Austin-Round Rock
          Industrial
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          Office building, farmers’ market coming to Solms Landing Office building, farmers’ market coming to Solms Landing https://www.recenter.tamu.edu/news/newstalk-texas/?Item=265252021-09-22T05:00:00Z2021-09-22T17:00:00Z

          ​NEW BRAUNFELS – South Texas Capital Partners is developing the first commercial phase of Solms Landing, a 98-acre master-planned community in ​the ​city. 

          The project will include a 60,000-sf office building and 14,000-sf indoor farmers’ market. 

          ​Construction will begin by the end of the year.  

          Earlier this year, Chupik Properties and Design broke ground on the first project in the community, a $500 million residential development called Farmhaus. 

          Wes Peoples Homes is also planning a 115-unit condo community on site. Texas logoThe Texas Real Estate Research ​Center has more news like this:


          San Antonio Business Journal
          San Antonio-New Braunfels
          Mixed-Use
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          Crescent starts on $250M mixed-use project in Fort Worth’s cultural districtCrescent starts on $250M mixed-use project in Fort Worth’s cultural districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265262021-09-22T05:00:00Z2021-09-22T17:00:00Z

          ​​FORT WORTH – Crescent Real Estate has broken ground on a $250 million mixed-use development on Camp Bowie Blvd., west of downtown.

          The project will include a 20​0-room hotel, 170,000-sf office building, and 170 residential units.

          Crescent will move its headquarters to the project. 

          OZ Architecture designed the development, which will open in 2023.

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

          ​Source: ​Dallas Morning News

          Dallas Morning News
          Dallas-Fort Worth-Arlington
          Mixed-Use
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          Addison shopping center gets a makeover Addison shopping center gets a makeover https://www.recenter.tamu.edu/news/newstalk-texas/?Item=265272021-09-22T05:00:00Z2021-09-22T17:00:00Z

          ​​​ADDISON – The Beck Group has completed the redevelopment of Prestonwood Place, a 133,353-sf shopping center on Belt Line Rd. 

          ​​​The project involved 40,​000 sf of façade updates and the conversion of 60,000 sf into creative office space. 

          A vacant manufacturing shop was also transformed into a multi-tenant building. 

          Prestonwood Place is now home to tenants such as Catapult Health, Mendocino Farms, Biscuit Bar, and La La Land Kind Café. ​

          Northwood Retail owns the center, which was originally built in 1980. Merriman Anderson Architects was the project architect.​Texas logoThe Texas Real Estate Research Center has more on DFW's retail market:

          REBUSINESS
          Dallas-Fort Worth-Arlington
          Retail
          Read more at {Source}
          MAG Capital Partners buys 402K-sf industrial propertyMAG Capital Partners buys 402K-sf industrial propertyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265182021-09-22T05:00:00Z2021-09-22T14:00:00Z

          ​​​WACO – MAG Capital Partners has acquired a 402,046-sf manufacturing and distribu​tion property on 27.3 acres at 200 Commerce St. 

          The facilities serve as the headquarters of Hobbs Manufacturing and employ about 200. 

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

          ​Source: REBusiness Online

          REBUSINESS
          Waco
          Industrial
          Read more at {Source}
          Texas 2021's second most diverse stateTexas 2021's second most diverse statehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265232021-09-21T05:00:00Z2021-09-21T15:00:00Z

          ​​​​​WASHINGTON – According to a WalletHub study, Texas is the second most diverse state, behind only California. 

          The Lone Star State ranks fourth in cultural diversity and sixth in religious diversity. It is 13th in both socioeconomic and economic diversity, 14th in household diversity, and 21st in political diversity. 

          Texas is also second​​ in linguistic diversity​, third in industry diversity, fourth in racial and ethnic diversity, and fifth in household size diversity.  

          Hawaii, New Jersey, and New York rounded out the top five. 

          Earlier this year, Houston was named the most diverse city in the country. 

          To determine the rankings, WalletHub compared all 50 states across six key dimensions. 

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

          ​Source: Wall​​etHub
          WalletHub
          Texas
          Demographics & Population
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          Kajani Capital to develop Class A multifamily communityKajani Capital to develop Class A multifamily communityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265162021-09-21T05:00:00Z2021-09-21T14:00:00Z

          ​​​HOUSTON – Kajani Capital Group has acquired 13.25 acres for a multifamily project. 

          ​The 336-unit, Class A community will be near FM 1960 and TC Jester Blvd. 

          Cushman and Wakefield represented the seller.

          Texas logoThe Texas Real Estate Research 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}

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