Austin 3Q 2015 industrial snapshot Cushman & WakefieldAustin 3Q 2015 industrial snapshot Cushman & Wakefieldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112072015-11-30T06:00:00Z

​​AUSTIN-ROUND ROCK​ - ​​The industrial market continued to see an increase in absorption and a fall in vacancy during third quarter 2015. 

The industrial market experienced 535,220 sf of positive absorption during 3Q 2015.

This marked the tenth consecutive quarter of positive absorption in the Austin industrial market, dating back to 2Q 2013.

The Round Rock submarket experienced the highest absorption totals as 186,412 sf was absorbed during 3Q 2015. 

Strong absorption figures across the entire market led to the continued drop of overall vacancy, which was down 1.7 percentage points from 2Q 2015.

Low vacancy and strong absorption figures have also contributed to an expected rise in rental rates.

The average direct rental rate recorded for all property types rose to $9.84 per sf, up $0.84 per sf from the recorded rent during the second quarter. 

A key transaction was the sale of the 935,255​-sf One83 Office Park — the former FreeScale Semiconductor Inc. campus at 3443 Ed Bluestein Blvd.​

Cushman & Wakefield
Austin-Round Rock

​​Visit Austin Industrial Market Research for more free data.

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San Antonio: Institute for Women's Health sows seed for 72,000-SF MOBSan Antonio: Institute for Women's Health sows seed for 72,000-SF MOBhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112712015-11-30T06:00:00Z

​SAN ANTONIO - The Institute for Women’s Health will break ground on a seven-story medical office building that will house a number of state-of-the-art multispecialty services and clinics.

The 72,000-sf facility will be constructed on a site leased from Methodist Healthcare System that is located on its South Texas Medical Center campus in Northwest San Antonio.

The new office building will provide greater access to several women’s services, including OB/GYN, cardiology, radiology, mammography and nephrology. The new building will also house family- and pain-management clinics.

A pharmacy and laboratory will be located on the ground level of the structure.

The tower will have a pedestrian sky bridge that will connect with a multistory parking garage that is part of Methodist Healthcare’s extensive medical center campus expansion.

Construction on the new office building is expected to be complete in spring 2017.
San Antonio Business Journal
San Antonio-New Braunfels

​Want more? See Medical and Office in San Antonio Market Research.

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Case-Shiller: Dallas homes up 9 percent in Sept. 2015Case-Shiller: Dallas homes up 9 percent in Sept. 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=112722015-11-30T06:00:00Z

​​DALLAS-FORT WORTH - Dallas-area home prices are hanging onto their big gains in the latest nationwide comparison, as prices were up 9 percent from a year ago in the new Standard & Poor's/Case-Shiller Home Price Index.

That is almost twice the nationwide gain of 4.9 percent in September compared with the same month in 2014. 

Local home price increases have averaged close to 9 percent through the first nine months of 2015, according to Case-Shiller.

Dallas' 9 percent increase was fourth highest among the 20 major markets Case-Shiller tracks for its monthly report.

Dallas-area home prices are at an all-time high as local prices have jumped more than 35 percent since early 2012.

Dallas Morning News
Dallas-Fort Worth-Arlington

Want more? See Housing​ under Dallas-Fort Worth Market Research​

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JLL: San Antonio office insights 3Q 2015JLL: San Antonio office insights 3Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=112862015-11-30T06:00:00Z

​SAN ANTONIO - Jones Lang LaSalle (JLL) released its third quarter 2015 Office Insight for the San Antonio market.

During fourth quarter 2012, rental rates northeast were approximately $19.26 per sf, full service. Since then, rates have bumped $4.98 per sf to $24.24 per sf, full service. This has taken the northeast from the fourth to second most expensive submarket in San Antonio, just behind far north central.

Three projects delivered at 22.0 percent preleased during 3Q 2015. These projects include Lockhill Crossing (127,000 sf), One51 Office Centre (101,000 sf) and Ridgewood Business Center II (54,000 sf).

One of the largest sales of the quarter occurred far northwest with KBS purchasing Promenade at Eilan I & II (205,000 sf) from Lonestar Funds.

At the close of 3Q 2015, citywide average sales price hovered around $166 per sf.

Jones Lang LaSalle (JLL)
San Antonio-New Braunfels

​Check out more Office stats at San Antonio Market Research!

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MPF: Corpus Christi multifamily trends 3Q 2015MPF: Corpus Christi multifamily trends 3Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=112872015-11-30T06:00:00Z

CORPUS CHRISTI - Apartment demand rebounded from net move-outs last quarter, as the metro absorbed 244 units during third quarter 2015.

With no new units coming online, occupancy increased 0.8 points quarter-over-quarter to land at 95.4 percent.

Annually, demand fell just short of net supply, 221 units to 253 units, taking occupancy down 0.1 point.

Meanwhile, apartment operators pushed rents 1.1 percent quarter-over-quarter and 3.3 percent year-over-year.

MPF Research
Corpus Christi

​Click to see the Corpus Christi submarket map.

See the full report at {Source}
San Antonio: 100,000 SF stacks up at Methodist Stone Oak hospitalSan Antonio: 100,000 SF stacks up at Methodist Stone Oak hospitalhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112752015-11-29T06:00:00Z

​SAN ANTONIO - Methodist Healthcare System plans to invest more than $60 million to expand its hospital in Stone Oak.

Methodist's Stone Oak expansion will include a three-story structure housing more than 100,000 additional sf constructed above an existing single-story building. Roughly 20,000 sf in the existing floor will be renovated as part of the expansion project.

The expansion will give Methodist Stone Oak more than 70 additional beds, including three dozen surgical step-down beds.

Methodist Stone Oak will also gain more space for women’s services and for its neonatal intensive care unit. The project will also add a 15-bed acute rehabilitation facility.

Construction on the expansion project, which will include a three-level parking garage, is expected to begin in first quarter 2016 and will take about 18 months to complete.
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/11/23/major-expansion-planned-for-stone-oak-hospital.htmlRead more at the {Source}
Cabela's Outfitters target Fort HoodCabela's Outfitters target Fort Hoodhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112572015-11-27T06:00:00Z

​​​​​FORT HOOD - ​Cabela's, a retail store specializing in hunting, fishing and camping equipment, has opened a seasonal location at Fort Hood. 

The store is inside Fort Hood's old Clear Creek Exchange building, 5004 Clear Creek Rd., making it the retailer's first site in Killeen and the first of three on military installations," according to a news release from the Army and Air Force Exchange Service, which oversees the retail stores and restaurants on post.

"We know we have a lot of loyal customers in all of our armed services," including at Fort Hood, said Cabela's spokesman Nathan Borowski.

"This is the first time we have done a seasonal store of any kind."

AAFES officials said they are excited about the temporary store.

Officials said the Fort Hood Cabela's store will carry a variety of seasonal soft goods, shoes, hunting gear, outdoors equipment and gifts.

Fort Hood's main post exchange store used to be inside the Clear Creek Exchange, but was moved last month when the Clear Creek Shopping Center opened across the street.

Killeen Daily Herald
http://kdhnews.com/business/cabela-s-is-coming-to-fort-hood/article_89a7ba8c-8c87-11e5-bdc7-8bb961ac0ccb.htmlRead more at the {Source}
Rockport home sales October 2015: SwearingenRockport home sales October 2015: Swearingenhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112652015-11-27T06:00:00Z

​ROCKPORT - The Swearingen Report for residential homes has been released for the 12 months ending October 2015 by Coldwell Banker The Ron Brown Company.

The average sales price for residential homes was $244,960 for October 2015, up 0.2 percent versus October 2014 when it was $244,424.

The median price of residential homes for October 2015 was $203,750, versus October 2014 when it was $183,875, up 10.8 percent.

Total sales of residential homes for Rockport MLS for October 2015 was 548, an increase of 6.4 percent (33 homes) versus the same period last year.

The average Days on Market for residential homes for October 2015 was 160, 11.1 percent shorter than October 2014.

Coldwell Banker The Ron Brown Company
Corpus Christi
http://www.rockporttexasrealestate.com/Source: {Source}
Brenham Blue Bell operations gets crankingBrenham Blue Bell operations gets crankinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112492015-11-25T06:00:00Z

​BRENHAM, WASHINGTON COUNTY - Blue Bell Creameries has officially resumed operations at the company's main plant in Brenham.

Blue Bell already resumed production in Alabama in July 2015 and Oklahoma in September 2015.

Blue Bell is embarking upon a five-phase plan to return to normal operations. The company will enter phase three on Dec. 14, 2015. Products will be sold on store shelves in San Antonio and a number of South Texas markets on that date.

While Blue Bell is producing and testing ice cream products in Brenham, the company does not yet have a firm date for when ice cream produced at that plant will be available for sale.

Nearly 700 of its employees, who were put on paid furlough earlier this year, have returned to work.

Tours will not resume at the Brenham facility at this time, but the company’s Country Store, Visitor Center and ice cream parlor are open to the public.
San Antonio Business Journal
College Station-Bryan
http://www.bizjournals.com/sanantonio/blog/morning-edition/2015/11/blue-bell-churning-out-ice-cream-again-in-brenham.htmlRead more at the {Source}
San Antonio: One51 Office Centre climbs over the 101,000-SF hillSan Antonio: One51 Office Centre climbs over the 101,000-SF hillhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112612015-11-25T06:00:00Z

SAN ANTONIO - Stream Realty Partners announced the completion of a new office development, One51 Office Centre.

The two-story, 101,000-sf, Class A office building is in Westover Hills and built on a speculative basis.

Located at the south side of Hwy. 151, One51 Office Centre stretches across 8.28 acres in one of the fastest growing areas of San Antonio.

Owned and developed by Stream Realty, the location offers tenants excellent access to Hwy. 151, highly efficient 50,000-sf plates, energy efficient systems, 615 parking spaces and green space with mature trees.
Texas Real Estate Business
San Antonio-New Braunfels
http://rebusinessonline.com/stream-realty-partners-completes-101000-sf-office-building-in-san-antonio/Read more at {Source}
215,000-SF Heartland Mall sold in Early215,000-SF Heartland Mall sold in Earlyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112622015-11-25T06:00:00Z

​​​EARLY, BROWN COUNTY - The Heartland Mall, located at 300 Early Blvd., has been sold to Victoria Retail Group LLC.

Plans include renovating the 215,000-sf mall and adding additional tenants, with work expected to begin soon.

Opened in 1980, Heartland Mall is located at 300 Early Blvd. and sits on close to 24 acres with tenants including JC Penny, Hibbett Sports and Bath & Body Works, along with Regal Cinemas Heartland 8.

Victoria Retail Group owns more than 55 malls and shopping centers in Texas. 

http://rebusinessonline.com/victoria-real-group-purchases-heartland-mall-in-central-texas/Read more at {Source}
$15M Avanti Senior Living at Augusta Pines timbers to Tomball$15M Avanti Senior Living at Augusta Pines timbers to Tomballhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112582015-11-25T06:00:00Z

​​TOMBALL - The Woodlands-based Avanti Senior Living plans to break ground on a new $15 million assisted-living and memory care community in first quarter 2016.

The 77,000-sf community includes one- and two-bedroom suites with RFID keyless entry, wood flooring, walk-in closets, oversized showers, stone countertops, upgraded finishes and storage space.

Avanti Senior Living at Augusta Pines — which will be located off Kuykendahl Rd. and West Rayford Rd. — expects to open in second quarter 2017 and have up to 150 residents.

Community features will include a wellness center with ballet barre and fitness equipment, a theater, a full-service salon and spa offering relaxation therapy, aromatherapy, deep tissue massage and a fully functional art studio.

Avanti Senior Living at Augusta Pines will create more than 60 jobs.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Senior Living

Don't miss out on Houston Market Research​!

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University of Houston shoots, scores arena $60M redoUniversity of Houston shoots, scores arena $60M redohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112662015-11-25T06:00:00Z

​​HOUSTON - ​The University of Houston approved the start of a renovation of their basketball arena, Hofheinz Pavilion, and announced an anonymous $20 million donation that will go towards the $60 million project.

The renovation's plan reduces the numbers of seats to 7,420 from 8,479 with the inside of the arena changing to resemble newer arenas that have the seats closer to the court.

The plan also calls for the addition of more than 2,000 premium seats, broken down into club seats, loge boxes and a pair of suites, as well as 90 court-side seats.

The renovation is expected to begin at the conclusion of the 2016-2017 basketball season according to Vice President for Intercollegiate Athletics Hunter Yurachek.

Yurachek said the anonymous donor has re-naming rights over the facility.

"We're not sure how that name is going to unfold, but it will no longer be called Hofheinz Pavilion, so we are referring to this project as our Basketball Arena Renovation Project."

Yurachek said the renovation to the arena would couple well with the new Guy V. Lewis Basketball Center.

Yurachek added that the renovation is a game changer, not only for the basketball programs but for the entire University of Houston and its fans.

Online news
Houston-The Woodlands-Sugar Land
http://thedailycougar.com/2015/11/19/hofheinz-renovation-project-20-million-donation-announced/Read more at {Source}
Expensive office rent? Houston's Louisiana Street makes national listExpensive office rent? Houston's Louisiana Street makes national listhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112532015-11-25T06:00:00Z

​​​HOUSTON - The booming oil and gas industry is driving up office rents on downtown’s Louisiana Street, which is home to​​ energy players such as Chevron Corporation, Enterprise Products, Center Point Energy and Kinder Morgan, to name​​ a few. 

Rents were up 11.8 percent to an average of $38.82 per sf on Louisiana, which ranked No. 16 on a national list of most expensive streets for office space compiled by commercial real estate firm Jones Lang LaSalle.

Office space on Sand Hill Road in Menlo Park, Calif. has the most expensive rents at nearly $111 per sf. 

New York City followed with $102 per sf.

Texas cities that made the list include Austin’s Congress Avenue with $42.04 per sf and Dallas’ McKinney Avenue with $38.55 per sf.
Nationally, rental rates on the most expensive streets increased on average 10.9 percent since 2011 thanks to the economic recovery and a lack of new construction, according to the report.

See JLL’s “America’s Most Expensive streets” for the full report.
Houston Chronicle
Houston-The Woodlands-Sugar Land
http://blog.chron.com/primeproperty/2013/10/the-most-expensive-office-rents/Don't miss out! See Office in Houston Market ResearchRead more at the {Source}
NTREIS hotness ratio hot as a turkeyNTREIS hotness ratio hot as a turkeyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112152015-11-24T06:00:00Z

​​​​​​​​DALLAS-FORT WORTH - North Texas Real Estate Information Systems home sales are available for October 2015.

Below is a chart of the NTREIS MLS Area Housing Activity Report of single-family homes ranked by hotness ratio. The hotness ratio is pending sales as a percent of active listings. ​


North Texas Real Estate Information Systems Inc.
Dallas-Fort Worth-Arlington

​​DFW area home sales are important to you. That's why DFW Market Research has free, timely housing data​.​​​​

Read more at {Source}
San Angelo Knickerbocker land knocks on development doorSan Angelo Knickerbocker land knocks on development doorhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112002015-11-24T06:00:00Z

​​SAN ANGELO - A plot of land recently sold by San Angelo ISD is in the process of being rezoned for commercial development.

SAISD officials sold about 1.761 acres of real estate at the corner of Knickerbocker Rd. and Jackson St. to Fort Worth firm Beck Interest Inc. — the only bidders for the property — for about $1 million last week.

The new owner intends to cultivate the land into a commercial development, and the first steps were taken as the San Angelo's City Council unanimously approved a zone change from office commercial to general commercial.

A second hearing is required before the transition is official. Stay tuned!​

San Angelo Standard-Times
San Angelo
http://www.gosanangelo.com/news/local-news/land-on-knickerbocker-headed-for-developmentRead more at the {Source}
Texas A&M-Texarkana scores $11M recreation and wellness centerTexas A&M-Texarkana scores $11M recreation and wellness centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112132015-11-24T06:00:00Z

​TEXARKANA, TEX. - Texas A&M University-Texarkana will move forward with plans to build an anticipated $11 million, 38,000-sf recreation and wellness center.

The University says it will pursue a public-private partnership with Eagle Lake Development of Texarkana, Texas, to carry out the project.

Key features of the center are likely to include a regulation-sized intercollegiate basketball/volleyball court, retractable bleachers, student recreation space, classrooms, student study areas, locker rooms, a wellness center, training room for student athletes and offices for faculty and staff.

Construction is expected to take about 15 months.
Online news
http://asumag.com/new-construction/texas-am-texarkana-plans-build-recreation-centerRead more at {Source}
San Antonio: no gray area for Travis Park Plaza purchaseSan Antonio: no gray area for Travis Park Plaza purchasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112512015-11-24T06:00:00Z

​SAN ANTONIO - Local real estate investment firm GrayStreet Partners has purchased the downtown office building Travis Park Plaza.

The firm closed on the sale of the seven-story building at 711 Navarro St., which also includes a 799-space parking garage next door.

The property, which was built in 1970 and includes 162,000 sf of leasable space, was put on the market late last year.

The seller is Los Angeles-based private investor Cannon Commercial, which purchased the building in 2008.

According to the Bexar Appraisal District, the Travis Park office building is valued at nearly $10.6 million.

GrayStreet will take a long-term approach to revitalizing the building, starting with moving its own offices into a 6,000-sf suite. The firm is planning on investing an additional $5 million in remodeling Travis Park Plaza.

Rents in Travis Park Plaza are set at about $18 per sf, with available spaces ranging between 175 sf all the way up to 19,305 sf.
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/11/10/graystreet-partners-to-buy-downtowns-travis-park.htmlRead more at the {Source}
$100 Million Mary Kay building looking good for Lewisville$100 Million Mary Kay building looking good for Lewisvillehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112822015-11-24T06:00:00Z

​​​​​​​LEWISVILLE – After looking at several North Texas locations, Mary Kay has chosen Lewis​​ville as the location for the company's new $100 million building.​

The location, which hasn't been disclosed, was chosen because of the city's proximity to the company's other facilities, including its headquarters on Regal Row in Addison.

CBRE aided Mary Kay's decision to construct a new building instead of expanding its existing manufacturing space.

Construction of the new facility is set to begin in July and be completed in first quarter 2018. All manufacturing and R&D employees will be relocated when it opens.​

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2015/11/24/mary-kay-announces-new-100manufacturing-facility.html?ana=e_dal_bn_breakingnews&u=yG2E0oPJdYiGi7lZ36mOd56qtUl&t=1448390750Read more at {Source}
Health care facilities continue to 'spring' up in north HoustonHealth care facilities continue to 'spring' up in north Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=111962015-11-24T06:00:00Z

​​SPRING - Oil prices may be on the decline nationwide as the energy sector struggles in the Greater Houston area, but the health care industry is thriving as new medical facilities and expansions continue cropping up throughout the Spring area.

Seeking to accommodate growing communities in unincorporated northwest Harris County, the number of health care facilities is rising along major Spring corridors, such as FM 2920, Hwy. 249 and I-45.

CHI St. Luke’s Health Springwoods Village Hospital
•    Phase 1 opening mid-January 2016
•    First phase of 23-acre medical complex
•    150,000-sf of hospital and medical office space
•    50,000-sf inpatient hospital

CHI St. Luke’s Primary Care Clinic
•    Temporary clinic until hospital opens
•    Nonemergency services

Houston Methodist Primary Care Group
•    7,2000-sf primary care center
•    18 exam rooms

Spring Central Hospital
•    47,000-sf physician owned hospital
•    24/7 emergency room

Houston Methodist Emergency Care Center
•    Opening March 2016
•    Will offer emergency medical services

Texas Regional Hospital
•    Details TBD

Houston Methodist Willowbrook Hospital
•    Adding 36 inpatient beds by end of year
•    Adding 2 operating rooms

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
http://communityimpact.com/2015/11/11/health-care-facilities-on-the-rise-in-spring/Read the full article at {Source}

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