Amazon narrows HQ2 cities to 20Amazon narrows HQ2 cities to 20https://www.recenter.tamu.edu/news/newstalk-texas/?Item=188372018-01-19T06:00:00Z2018-01-19T23:00:00Z

TEXAS – Amazon says it has narrowed the list of places for its second headquarters to 20.

Amazon says it will spend $5 billion in the area where it builds its second headquarters and will employ 50,000 there. 

Iexpects to make a final decision this year.​

The company previously said it was looking at metropolitan areas with 1 million people and a stable, business-friendly environment.

The remaining 20 places are listed alphabetically.

​Montgomery County, Md.
​Austin, Texas
​Nashville, Tenn.
​Newark, N.J.
​Raleigh, N.C.​
​Los Angeles​
​New York City​
​Toronto, Canada
​Columbus, Ohio
​Northern Virginia
​Washington, D.C.

USA Today
https://www.usatoday.com/story/tech/2018/01/18/amazon-names-top-20-finalists-second-headquarters-race/1040710001/Read more at {Source}
2017 record year for San Antonio housing market2017 record year for San Antonio housing markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188272018-01-19T06:00:00Z2018-01-19T22:50:00Z

An aerial view of a lot of houses.SAN ANTONIO – The area’s growing economy propelled the local housing market to another record sales year in 2017, but the supply of homes on the market remains extremely tight.

Home sales in the San Antonio-New Braunfels metro area increased by 3.8 percent in 2017 to a record 30,715, up from 29,596 in 2016, according to data released from the San Antonio Board of Realtors.

The median sales price climbed 4.9 percent to a record high of $214,300, up from $204,300 the year before. 

High demand, a labor shortage and rising construction costs are driving up prices, experts say.

The local area’s inventory of available homes dropped to 3.1 months in December, which matches the record low set in December 2016. 

“San Antonio is still doing pretty strong,” said Dr. Jim Gaines, chief economist at the Real Estate Center at Texas A&M. “It’s doing well economically, it’s still gaining jobs.”
San Antonio-New Braunfels

​See also: San Antonio-New Braunfels Housing Market Research.

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CNG station breaks ground in BudaCNG station breaks ground in Budahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188242018-01-19T06:00:00Z2018-01-19T21:00:00Z

An ampCNG fueling station in Amarillo, Texas.​BUDA – AMP Americas broke ground on a public-access compressed natural gas (CNG) fueling station, with US Foods serving as the station’s anchor fleet.

Located at 1529 Turnersville Rd., adjacent to the US Foods distribution center in Buda, the CNG station will have two dual-hose dispensers. 

The station is expected to open by February 2018 and will fuel US Foods’ Buda-based fleet of 50 C​NG trucks.

The new station marks AMP Americas’ eighth CNG station in Texas, bringing its total station network to 20. 

Construction is also underway for the company’s second RNG project using dairy digester gas. 

The company plans to more than double its dairy gas output by mid-2018, and aims to deliver 100 percent RNG to all 20 of its fueling stations as it adds future projects.

Online news
Austin-Round Rock
Infrastructure & Transportation
http://tanktransport.com/2018/01/amp-adds-cng-station-tx/Read more at {Source}
North Texas Realty Symposium next FridayNorth Texas Realty Symposium next Fridayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188452018-01-19T06:00:00Z2018-01-19T18:00:00Z

​​ADDISON – There's still time to register for the 9th Annual North Texas Realty Symposium. Sponsored by the North Texas chapter of the Appraisal Institute, the one-day conference will be Friday, Jan. 26.

Industry leaders will share their first-hand experiences and perspectives on the current state of the real estate market and economy. They'll also offer their projections for 2018.

​Real Estate Center Research Economist Dr. Harold Hunt is the featured speaker.

The symposium will be at the Crowne Plaza Dallas Hotel at 14315 Midway Rd. in Addison.

Cost is ​currently $225. After Jan. 24, there will be an additional $25 late fee.​​​

Click here​ for details or to register.​​

Appraisal Institute
Dallas-Fort Worth-Arlington
Center News
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DFW second busiest data center market in 2017DFW second busiest data center market in 2017https://www.recenter.tamu.edu/news/newstalk-texas/?Item=188442018-01-19T06:00:00Z2018-01-19T17:00:00Z

​​​​​DALLAS – Dallas-Fort Worth was the second busiest U.S. data center market in 2017, according to a new report by CBRE. 

The Metroplex added about 51 megawatts of capacity last year, and 38.3 megawatts are still in the works. About 20 percent of the data center projects underway are already leased.

"In addition to a robust pipeline of demand, market conditions in Dallas remain ideal for companies seeking a competitive set of options for both wholesale and retail offerings," the report said. 

Only Northern Virginia had more new data center projects last year.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2018/01/18/d-fw-one-top-data-center-markets-2017Read more at {Source}
Phoenix firm buys fifth San Antonio apartment complexPhoenix firm buys fifth San Antonio apartment complexhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188412018-01-19T06:00:00Z2018-01-19T16:00:00Z

​SAN ANTONIO – Phoenix-based Jevan Capital PLLC has purchased​ the 224-unit Keystone at Alamo Heights at 384 Treeline Park.

The new owner plans to address maintenance issues, upgrade unit interiors, and improve the property's common ​​areas.

NorthMarq Capital arranged financing. Berkadia brokered the sale.

The purchase is Jevan's fifth in the area.

San Antonio Business Journal
San Antonio-New Braunfels
https://www.bizjournals.com/sanantonio/news/2018/01/16/phoenix-based-investment-firm-buys-fifth-san.htmlRead more at {Source}
Modern multifamily replacing old apartment communityModern multifamily replacing old apartment communityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188422018-01-19T06:00:00Z2018-01-19T16:00:00Z

​​DALLAS – Trinsic Residential Group has demolished the Sherwood Forest apartments and is putting up a 473-unit apartment and townhome project.

Aura Bluffview​ will consist of three- and four-story buildings across seven acres at 3932 W. Northwest Hwy.

GFF designed the ​​new community. 

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2018/01/19/new-apartments-will-replace-bit-old-england-northwest-dallasRead more at {Source}
Hertz Investment enters TexasHertz Investment enters Texashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188432018-01-19T06:00:00Z2018-01-19T16:00:00Z

​​​HOUSTON – Woodland Hills, Calif.-based Hertz Investment Group has purchased Westchase Park Plaza from Miami-based Parmenter for $24 million.

The ten-story, 232,108-sf building at 11490 Westheimer Rd. recently underwent a multimillion-dollar renovation. It is 60 percent occupied.

Moody Rambin will handle leasing.

Houston Chronicle
Houston-The Woodlands-Sugar Land
http://www.chron.com/business/real-estate/article/Hertz-Investment-buys-Westchase-Park-Plaza-12507515.phpRead more at {Source}
Independent Bank Group HQ underwayIndependent Bank Group HQ underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188392018-01-19T06:00:00Z2018-01-19T15:00:00Z

​​McKINNEY – KDC has broken ground on the 165,000-sf corporate headquarters for Independent Bank Group.

The six-story project will sit on 10.4 acres within the Craig Ranch Corporate Center​.​​

About 400 employees will occupy the $52 million project, which is expected to open in December. 

Dallas-Fort Worth-Arlington
http://rebusinessonline.com/kdc-breaks-ground-on-52m-headquarters-for-independent-bank-in-mckinney/Read more at {Source}
Texas tops list of renter-majority citiesTexas tops list of renter-majority citieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188402018-01-19T06:00:00Z2018-01-19T15:00:00Z

​​​AUSTIN – College Station and Killeen rank first and third, respectively, on a recent Census Bureau list of cities with the largest percentage of renters.

“Texas is a young state in terms of demographics,” says Real Estate Center Chief Economist Dr. Jim Gaines. “During the last five to six years, a record number of young people have moved here looking for work. More than 50 percent of the state’s population is 34 years old or younger.”

Nearly 60 percent of residents in College Station, home to Texas A&M University, are renting their home. 

In Killeen, 56 percent of residents are in rental housing. Around 67 percent of residents are affiliated with Fort Hood, the world's most populous U.S. military installation.

“Any city with a large university or major military presence will have a large percentage of renters,” Gaines says.

Across the nation, 2015 saw the largest percentage of renter households since the 1960s—34.4 percent, according to a recent report by Harvard University’s Joint Center for Housing Studies. 

​​“Homes selling for under $200,000 are hard to find,” Gaines says. “Investors, both individual and institutional, are grabbing them, often for cash, before the owner-buyer has a chance. And mortgage credit remains tight for households with less than stellar credit scores and those with low incomes, limiting access to homes selling for under $400,000.”

Texas Comptroller of Public Accounts
Demographics & Population
https://comptroller.texas.gov/economy/fiscal-notes/2017/dec-jan/renters.php#articleRead more at {Source}
East Austin redevelopment to Bloc​k CEast Austin redevelopment to Bloc​k Chttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188192018-01-18T06:00:00Z2018-01-18T22:40:00Z

​​​A view of the residential tower building at the RBJ Center site. Photo by James Rambin.AUSTIN – Plans for a mixed-use project at the site of the Rebekah Baines Johnson Center, a senior housing development completed in 1972 on an 18-acre site southeast of downtown, moved forward early 2018.

Momark Development and Southwest Strategies Group, the site's owner/developer team, had their general contractor line up subcontractors for the project.

The first phase of the project, Bloc​k C, is located on the southeastern end of the existing campus.

Block C will consist of two significant structures—a five-story, 181-unit, wood-framed apartment building, and a detached 4.5-level, 109,540-sf parking garage containing 336 total parking spaces and fronting Comal St. on the structure's eastern side.

The average area per unit in the 182,739-sf apartment building is 749 sf. ​​

The parking garage structure will also include 62 apartment units.

Both buildings will be connected by a sky bridge​.

Online news
Austin-Round Rock

​​​Check out Austin-Round Rock Multifamily Market Research.

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The Strand strings to AllenThe Strand strings to Allenhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=187952018-01-18T06:00:00Z2018-01-18T22:35:00Z

​​​​​​​Rendering of The Strand developmentALLEN – The Allen City Council has approved plans for The Strand, a 135-acre mixed-use development at the northeast corner of Alma Dr. and Ridgeview Dr.

The development will have a mix of residential neighborhoods, retail, restaurants and office space.

The first phase of construction will include single-family homes; open space and retail; the self-storage facility; and approximately 375 apartments.

With four phases of construction spread out over 135 acres The Strand could be up to ten years in the making.​

Allen American
Dallas-Fort Worth-Arlington

​RELATED: Another 'Strand' of development coming to Allen​

Check out DFW Housing, Multifamily, Office, and Retail Market Research.

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Bay Area Mini Storage sells in CorpusBay Area Mini Storage sells in Corpushttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188352018-01-18T06:00:00Z2018-01-18T22:10:00Z

​CORPUS CHRISTI​ – Bay Area Mini Storage, a 95,479-rentable sf self-storage has sold.

Bay Area Mini Storage is located at 2301 Rodd Field Rd. and has superb visibility along Texas Hwy. 357. 

The 635-unit facility is surrounded by a high ratio of renter-occupied housing units with numerous commercial developments currently underway in the Rodd Field Road area.

Initially constructed in 2003, the facility expanded in the years 2006, 2014, and 2016 to continue matching Corpus Christi’s ever-growing population.

Marcus & Millichap ​handled the transaction.​​​

Marcus & Millichap Real Estate Investment Services
Corpus Christi
http://www.marcusmillichap.com/Read more at {Source}
Triple Crown 2 Apartments sold near UTTriple Crown 2 Apartments sold near UThttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188202018-01-18T06:00:00Z2018-01-18T22:00:00Z

​​A view of the Triple Crown 2 Apartments, acquired by Orion Real Estate Partners.AUSTIN –​ Los Angeles-based Orion Real Estate Partners acquired the Triple Crown 2 Apartments, a​ garden-style apartment community at 1212 Westheimer Dr.

Built in 1973, the 199-unit property is located approximately 4.5 miles from The University of Texas at Austin, 5.5 miles from downtown, and 6.5 miles from The Domain. 

Orion plans to spend approximately $1.8 million to improve the property's exterior and amenities and renovate the unit interiors.
Austin-Round Rock

​See also: Austin-Round Rock Multifamily Market Research.

Source: {Source}
All Saint's Episcopal's new student unionAll Saint's Episcopal's new student unionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188262018-01-18T06:00:00Z2018-01-18T22:00:00Z

Rendering of All Saints' Episcopal Student UnionFORT WORTH – All Saints’ Episcopal School, located at 9700 Saints Circle, is building a 30,000-sf student union for $16.5 million

The project broke ground in May 2017 and is expected to be completed in time for the start of the fall 2018 school year.

​The union will connect the lower, middle and upper school buildings through its semicircular, 190-degree design that circles the bell tower and faces the chapel.​​​

Fort Worth Business Press
Dallas-Fort Worth-Arlington
http://www.fortworthbusiness.com/news/briefs/new-saints-union-to-serve-school-as-place-of-community/article_6c20f1e8-f7e9-11e7-94c6-231ec18b4227.htmlRead the full article at the {Source}
Townhomes to booming West Dallas neighborhoodTownhomes to booming West Dallas neighborhoodhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188102018-01-19T06:00:00Z2018-01-18T21:55:00Z

​​Rendering of the new Townhouse development​DALLAS – Oaxaca Interests has started construction on a townhouse community west of downtown Dallas.

The 16-unit project is two blocks from Sylvan|Thirty at 707 W. Commerce St.

The three-story modern homes will have metal and wood exteriors.

The townhouses will start at $324,000 and range in size from 1,380 to 1,510 sf.

The project will include a community pool and guest parking on the half-acre site.​

Dallas Morning News
Dallas-Fort Worth-Arlington

​Check out DFW Housing Market Research.

Read the full article at the {Source}
Riverwalk project breaking groundRiverwalk project breaking groundhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188362018-01-18T06:00:00Z2018-01-18T21:00:00Z

​​SAN ANTONIO – DC Partners and Universal Service Group will ​​break ground this month on the $116 million Thompson San Antonio Hotel and the Arts Residences​.

The 20-story, 337,000-sf hotel and condominium project will be at the corner of N. St. Mary's St. and Lexington Ave. 

Powers Brown Architecture designed the project. Jordan​ Foster Construction will build the tower, which will open in 2019. 

Kuper Sotheby's International Realty is marketing the hotel and condos. 

Realty News Report
San Antonio-New Braunfels
http://realtynewsreport.com/2018/01/17/houston-developer-breaking-ground-on-20-story-riverwalk-project-in-downtown-san-antonio/Read more at {Source}
Apartments underway near historic high schoolApartments underway near historic high schoolhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188342018-01-18T06:00:00Z2018-01-18T20:00:00Z

​​HOUSTON – ​Developer Jack Matthews is building a $70 million high-rise apartment building next to a newly-renovated historic high school at Pearl and Bryan streets. ​​​

The 16-story building at 2400 Bryan St. will have 230 apartments, 110 of which are reserved for residents earning between 30 and 60 percent of the area's median income.

​The project also includes a six-level, 400-space parking garage and 10,000 sf of retail space across ten floors​.

Work will start on the project​​​​​​ in early 2019.​​

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2018/01/16/apartment-tower-works-downtowns-historic-dallas-high-school-projectRead more at {Source}
600 Cigna employees under one roof600 Cigna employees under one roofhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188052018-01-17T06:00:00Z2018-01-17T23:50:00Z

​​​​​​​Brookhollow Central I, the building Cigna is moving their Houston employees to.HOUSTON – About 600 Cigna employees in the Houston-area will move into Brookhollow Central I at 2800 North Loop W. 

The Connecticut-based company is planning to occupy floors five through seven along with most of the fourth floor. 

The new space will have about 70,000 sf.

The move is expected to begin in April 2018.

The health insurance giant is bringing its Houston-area employees under one roof to "improve operational efficiency," a company spokesman said.

Cigna, with about 15 million subscribers, is the fifth-largest health insurance company in the U.S. based on its net revenue of $39.7 billion in 2016, according to HealthPayer Intelligence.

Houston Business Journal
Houston-The Woodlands-Sugar Land

​​See also: Houston-The Woodlands-Sugar Land Office Market Research.

Read more at the {Source}
Construction starts on McKinney's tallest buildingConstruction starts on McKinney's tallest buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188282018-01-17T06:00:00Z2018-01-17T23:20:00Z

​​​Rendering of Independent Banks completed corporate HQMcKINNEY – Independent Bank broke ground Jan. 17, 2018 on its corporate headquarters at the McKinney Corporate Center in Craig Ranch.

The 150,000-sf, six-story headquarters, located at the southeast intersection on Henneman Way and Grand Ranch Pkwy. will be the city’s tallest building and allow space for Independent Bank’s anticipated growth​.

The $52 million headquarters will house between 1,100-1,300 employees.

​Construction is expected to be done during Dec. 2018.​​

Community Impact Newspaper
Dallas-Fort Worth-Arlington

RELATED: Hub 121 dressing up Craig Ranch​

Click here for DFW Office Market Research.​

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