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High-end Modera Domain community soldHigh-end Modera Domain community soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275102022-05-19T05:00:00Z2022-05-23T21:00:00Z

​AUSTIN – Newmark has arranged the sale of Modera Domain, a 354-unit high-end community at 2684 Kramer Ln.

Completed earlier this year, the project has studio and one- and two-bedroom units averaging 846 sf.

Amenities include a modern clubhouse, resort-style pool, outdoor kitchen with gas grills, first-floor lounge, fitness center, multilevel parking, and close proximity to the Domain. 

The seller was a partnership between Mill Creek Residential and PGIM. The buyer was Clarion Partners.

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Woodway shopping center swaps handsWoodway shopping center swaps handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275192022-05-18T05:00:00Z2022-05-23T21:00:00Z

WOODWAY – SHOP Cos. has negotiated the sale of Crossroads West Shopping Center, a 36,864-sf retail center at the intersection of Hewitt and Woodway Drives.

Tenants include Shipley's Donuts, 9-​Round Waco, and Wells Fargo.

The property was 97 percent leased at the time of sale.

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CBRE finds tenant for industrial building prior to completionCBRE finds tenant for industrial building prior to completionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275212022-05-18T05:00:00Z2022-05-23T21:00:00Z

​EL PASO – A logistics company has leased a 169,011-sf industrial building set for completion in July.

The building will have​ skylights, three-phase power, and a 135-ft truck court with space for 50 trailers and 163 cars.

EastGroup Properties developed the 12.61-acre site.

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Austin children’s hospital nearing completionAustin children’s hospital nearing completionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275282022-05-19T05:00:00Z2022-05-23T21:00:00Z

AUSTIN – McCarthy Building Cos. has topped out the 52-bed Texas Children's Hospital North Austin Campus.

The facility will ​provide various services including neonatal intensive care, pediatric int​ensive care, postpartum care, diagnostic imaging, acute care, and urgent care.

Work started on the campus in July. 

There will be a 170,000-sf outpatient building and a 1,200-space parking garage next door.

Completion is set for 2024.​

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351-unit residential high-rise in the works north of downtown Dallas351-unit residential high-rise in the works north of downtown Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=274942022-05-16T05:00:00Z2022-05-23T20:00:00Z

PictureDALLAS – StreetLights Residential is building a more than 20-story apartment tower in the $2.5 billion The Central mixed-use ​development on Haskell Ave.

The $109 million-plus tower will include 351 units plus retail space.

Opening is set for 2025.​

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163K-sf office tower in Houston sold163K-sf office tower in Houston soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275222022-05-19T05:00:00Z2022-05-23T19:00:00Z

​​HOUSTON – ​One Park 10 Plaza, a 162,919-sf, eight-story office tower in the Energy Corridor, has been sold.

The property is part of the Park Ten Office Park, a 550-acre mixed-use, master-planne​d development.

One Park 10 Plaza includes a four-story parking garage on 3.27 acres.​

JLL Capital Markets represented the seller, Accesso Partners LLC, and procured the buyer, Interra Capital Group. 

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DeisoMoss to develop mixed-use towerDeisoMoss to develop mixed-use towerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275122022-05-18T05:00:00Z2022-05-23T16:00:00Z

​​​HOUSTON – DiesoMoss is building a mixed-use tower at 2120 Post Oak Blvd., north of the Galleria mall. 

The 551,905-sf tower will house 100,000 sf of office space as well as 25,000 sf of retail and restaurant space. Amenities will include a rooftop pool and yoga and cycling rooms. 

Northwind Group has provided a $26.1 million construction loan.

Ziegler Cooper Architects will design the building. Harvey Builders will be the general contractor. ​​

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​Source: Houston Business Journal​

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Rockfarmer Properties acquires The SofiaRockfarmer Properties acquires The Sofiahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=274982022-05-17T05:00:00Z2022-05-20T21:00:00Z

​​​​​​​AUSTIN – Rockfarmer Properties has purchased The Sofia, a 210-unit apartment complex at 2201 Willow Creek Dr.

Constructed from 1973 to 1983, The Sofia has one- and two-bedroom apartments ​averaging 723 sf.

Amenities include a pool, outdoor grilling area, business center, fitness center, basketball court, and dog park.

The seller was a partnership between Lion Real Estate group and Marble Partners LLC, represented by Newmark.

Rockfarmer will rebrand the property and upgrade interior units.

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Longview self-storage facility trades hands Longview self-storage facility trades hands https://www.recenter.tamu.edu/news/newstalk-texas/?Item=275052022-05-17T05:00:00Z2022-05-20T21:00:00Z

​​​​

PictureLONGVIEW – 80 West Self Storage, a 76,814-sf storage facility at 5615 W. Marshall Ave., has been sold.

Marcus & Millichap repre​sented the seller, a private investor, and secured the buyer, a private capital group.

Amenities include climate-controlled units, drive-up access, and RV parking. 

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Retail
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New ownership planning Southlake Marketplace redoNew ownership planning Southlake Marketplace redohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275162022-05-18T05:00:00Z2022-05-20T20:00:00Z

​​SOUTHLAKE – 2GR Equity and Shop Development have partnered to purchase and revamp the 132,000-sf Southlake Marketplace shopping center at the corner of Davis and Southlake Boulevards.

The 1990s-era center is 92 percent leased with Hobby Lobby and Urban Air as anchor tenants.

Two additional sites on Southlake Blvd. will have restaurants.

Work starts this summer and will take​ two years.  

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Two Texas metros among 2022's best summer destinationsTwo Texas metros among 2022's best summer destinationshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275182022-05-18T05:00:00Z2022-05-20T19:00:00Z

​​WASHINGTON – Austin and San Antonio have landed on WalletHub's list of the best summer travel destinations in 2022. 

Ranking fourth overall, Austin-Round Rock-Georgetown was 11th in attractions, 21st in weather, 23rd in activities, 27th in local costs, 32nd in travel costs/hassles, and 38th in safety. 

San Antonio-New Braunfels ranked tenth. It was sixth in local costs, 20th in attractions, 29th in t​ravel costs/hassles, 38th in both weather and activities, and 55th in safety. 

​McAllen-Edinburg-Mission, ranking 92nd overall, was called out for being first in local costs. However, it was fourth in fewest activities and first in most travel costs/hassles. 

The rest of WalletHub's top ten metros are:

  • No. 1 Orlando, Fla.;

  • No. 2 the Washington DC area;

  • No. 3 Tampa​, Fla.;

  • No. 5 Salt Lake City;​​

  • No. 6 Los Angeles;

  • No. 7 ​Honolulu; 

  • No. 8 Minneapolis; and

  • No. 9 Cincinnati.

To determine the rankings, WalletHub compared 100 of the most populated metro areas across six key categories.

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Source: WalletHub

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West U Marketplace shopping center soldWest U Marketplace shopping center soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275132022-05-18T05:00:00Z2022-05-20T16:00:00Z

​​​HOUSTON – JLL has arranged the sale of West U Marketplace, a 60,136-sf shopping center. 

Tenants include Whole Foods Market, Island Grill, River Oaks Nail & Spa, Yoshi Sushi, French Cuff Boutique, and Natural Pawz.

The seller was an affiliate of Camden Securities Co. Brixmor Property Group was the buyer. 

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Arboretum Oaks in Austin trades handsArboretum Oaks in Austin trades handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275082022-05-18T05:00:00Z2022-05-19T21:00:00Z

​​AUSTIN – Embry has acquired Arboretum Oaks, a 252-unit multifamily property at 9617 Great Hills Trl.

Built in 1984, the​ property has one- and two-bedroom units averaging 791 sf.

Amenities include a fitness center, pool, business center, clubroom, BBQ pavilion, and covered parking.

Embry partnered with Black Salmon Capitol on the acquisition.

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Freewheel Bike Park rolls into southwest San AntonioFreewheel Bike Park rolls into southwest San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275092022-05-18T05:00:00Z2022-05-19T21:00:00Z

​SAN ANTONIO – The city has opened Freewheel Bike Park at 4838 Old Pearsall Rd.

The park includes a pump track, kids bike park, restroom and pavilion, shade canopies, site furniture, signage, parking, and connection to the natural loop walking trail.

The project costs $3 million, with $​1 million coming via a grant from the Texas Parks and Wildlife Department.

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​Source: My San Antonio​

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San Antonio-New Braunfels
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Cordish Cos. to develop multifamily in Arlington Entertainment District Cordish Cos. to develop multifamily in Arlington Entertainment District https://www.recenter.tamu.edu/news/newstalk-texas/?Item=275032022-05-17T05:00:00Z2022-05-19T19:00:00Z

​​​​​PictureARLINGTON – The Cordish Cos. will develop One Rangers Way, a 300-unit multifamily complex at Nolan Ryan Expy. within its Arlington Entertainment District.

Designed by​ Hord Coplan Macht, the community will have one- and two-bedroom units, penthouses, a 423-space parking garage, and 43,000 sf of amenities.

Amenities will include a pool, fitness center, coworking space, indoor and outdoor lounges, and concierge services.

Construction is set to begin in fall 2022 and wrap up in 2024. ​​

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Canadian logistics firm planning 132K-sf shipping hub in HutchinsCanadian logistics firm planning 132K-sf shipping hub in Hutchinshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275012022-05-17T05:00:00Z2022-05-19T18:00:00Z

​​PictureHUTCHINS – Charger Logistics is building a 132,000-sf logistics center on Wintergreen Rd. near I-45.

Plans include a two-story office on the north side as well as a dry and cold storage warehouse with an attached truck maintenance shop.

Construction starts in summer 2022.​

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Avera Cos. industrial project in the works in HoustonAvera Cos. industrial project in the works in Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275142022-05-18T05:00:00Z2022-05-19T16:00:00Z

​​HOUSTON – Avera Cos. has broken ground on the fourth building within its Century Plaza Distribution Center. 

The 120,022-sf industrial project will be on 8.2 acres. 

Features include an ESFR sprinkler system, 195-ft truck court depths, and 32-ft clear ​heights.

CBRE will lease the building. Completion is set for second quarter 2023.​

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​Source: REBusiness Online​

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Houston-The Woodlands-Sugar Land
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California investor acquires 1M-sf warehouse in AllianceTexasCalifornia investor acquires 1M-sf warehouse in AllianceTexashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=274792022-05-11T05:00:00Z2022-05-18T22:00:00Z

​​​​​​​PictureFORT WORTH – Miramar Capital has purchased a more than one million-sf building in the Alliance Center North business park on N. Beach St. n​ear I-35W.

Built in 2014, the warehouse is used as a regional shipping hub for LG Electronics.​

Mesa West Capital provided a $74.5 million acquisition loan.

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Industrial
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Crow Holdings expanding Old Parkland campus with 255K-sf building Crow Holdings expanding Old Parkland campus with 255K-sf building https://www.recenter.tamu.edu/news/newstalk-texas/?Item=275022022-05-17T05:00:00Z2022-05-18T19:00:00Z

​​​PictureDALLAS – The city council has approved Crow Holding's plans to expand its Old Parkland campus.

The eight-story, 255,000-sf office building, called Old Parkland East, will be topped with a dome and cost $156 million.

Most of the parking will be in an underground garage.

The project will replace small restaurant buildings and apartments on the block between Maple and Fairmount Avenues.

Craig Hamilton and The Beck Group are designing the building, which will begin construction in September and deliver in 2024.

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Austin welcomes 170-unit luxury apartment complexAustin welcomes 170-unit luxury apartment complexhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=275042022-05-18T05:00:00Z2022-05-18T19:00:00Z

​​​​AUSTIN – Vi Collina Apartments, a 170-unit multifamily complex at 2401 East Oltorf St., has opened.

The community consist​s of one-, two-, and three-bedroom units across four buildings.

Amenities include a clubhouse, fitness center, business center, bike storage, pool, and convenient access to public transportation. 

The complex is a partnership between the Austin Housing Finance Corporation, Saigebrook Development LLC, and O-SDA Industries.

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