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Read all about it: Statesman leases 35K-sf in South Austin Read all about it: Statesman leases 35K-sf in South Austin https://www.recenter.tamu.edu/news/newstalk-texas/?Item=245642020-07-09T05:00:00Z2020-07-09T17:00:00Z

AUSTIN – The Austin American-Statesman has leased 35,000 sf in the MetCenter Creative Office Building A at 80​00 Metropolis Dr. 

The newspaper publisher will move out of its prime​ location at S. Congress Ave. around mid-2021 to make way for redevelopment

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

Austin Business Journal
Austin-Round Rock
Office
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First National Bank Tower redevelopment almost completeFirst National Bank Tower redevelopment almost completehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245652020-07-09T05:00:00Z2020-07-09T17:00:00Z

DALLAS – Todd Interests is almost finished redeveloping the former First National Bank Tower in downtown into a 219-room Hyatt Thompson hotel.

It will have two rooftop restaurant and bar concepts, a pool, fitness center, spa and pet parks, and 22,000 sf of meeting and event space. 

Opening is set for November 2020.

Texas logoGet more Dallas hotel news​ on the Real Estate Center's website.

REBUSINESS
Dallas-Fort Worth-Arlington
Hotel
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Sandman Signature Hotel underway at Star ParkSandman Signature Hotel underway at Star Parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245662020-07-09T05:00:00Z2020-07-09T17:00:00Z

IRVING – Northland Properties Corp. plans to build the Sandman Signature Hotel on SH 161 near Carpenter Fwy.

The 205-room, six-story hotel will have a 6,788 sf, 224‐seat Moxie’s Grill restaurant with an outdoor patio.​

It will be part of Blue Star Land's 36-acre Star Park mixed-use development.

Texas logoGet more Dallas hotel news​ on the Real Estate Center's website.

Dallas Morning News
Dallas-Fort Worth-Arlington
Hotel
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Tricon Precast inks 98K-sf industrial lease near downtown DallasTricon Precast inks 98K-sf industrial lease near downtown Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245672020-07-09T05:00:00Z2020-07-09T17:00:00Z

​DALLAS – Tricon Precast has signed a 98,259-sf industrial lease at 5200 E. Grand Ave.

The 109,108-sf warehouse has 19-ft clear heights and 200 parking spaces. 

Holt Lunsford Commercial represented the landlord, HLC Investments. Laughlin Commercial Realty Group represented the tenant.

Texas logoThe Real Estate Center has more on DFW's industrial market:

REBUSINESS
Dallas-Fort Worth-Arlington
Industrial
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Brownsville Doctors Hospital soldBrownsville Doctors Hospital soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245602020-07-09T05:00:00Z2020-07-09T16:00:00Z

BROWNSVILLE – ​​Boston-based Capital Crossing has sold the Brownsville Doctors Hospital.

The three-story, 79,296-sf vacant hospital is on five acres at 4750 N. Expy. It was licensed for 56 beds. 

Originally built as a one-story facility in 2001, it was expanded in 2008 with an additional two stories and free-standing wound center. 

CBRE arranged the sale. ​

Texas logoThe Real Estate Center has more RGV news you may find interesting:

​​Source: CBRE

CBRE
Brownsville-Harlingen
Medical
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Houston home sales return to typical levels . . . for nowHouston home sales return to typical levels . . . for nowhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245612020-07-09T05:00:00Z2020-07-09T16:00:00Z

​HOUSTON – ​​An increase of homes going under contract in May after COVID-19-related stay-at-home orders expired led to a surge of closings in June. This drove home sales volumes back up to more typical summertime levels and even beyond 2019’s record pace.

However, renewed coronavirus concerns, stemming from a spike in cases across the metro and the state, may bring this sense of normalcy to an end by the fall. 

According to the Houston Association of Realtors, 9,328 single-family homes sold in June compared with 8,063 a year earlier. That translated to a 15.7 percent jump, a strong rebound from two straight months of declines brought on by coronavirus and ongoing strains in the energy industry. 

The single-family home median price increased 3.6 percent to a historic high of $262,000. The average price dipped less than one percent to $319,881. 

Sales of all property types totaled 11,153, up 18.3 percent from June 2019. Total dollar volume for the month increased 15.1 percent to $3.3 billion. 

June leases of single-family homes surged 15.3 percent year over ​year. However, leases of townhomes and condominiums were flat. 

The average rent for single-family homes was down 1​ percent to $1,906 while the average rent for townhomes and condominiums rose 7.9 percent to $1,731.

texaslogo.pngThe Real Estate Center has more information on housing:​
Houston Association of Realtors
Houston-The Woodlands-Sugar Land
Housing
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Compass Rose Legacy campus relocating in Brooks expansionCompass Rose Legacy campus relocating in Brooks expansionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245622020-07-09T05:00:00Z2020-07-09T16:00:00Z

SAN ANTONIO – The Compass Rose Legacy charter school is expanding its campus within the Brooks mixed-use community.

Compass Rose will relocate to 70,000 sf at 3300 Sidney Brooks. 

The school will remodel the building for its use, with the first floor complete by August 17. 

Texas logoThe Real Estate Center​​​​ has more San Antonio education news​ online for free. 

​Source: Connect Media

Connect Media
San Antonio-New Braunfels
Education
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Affordable senior housing project coming to North Austin Affordable senior housing project coming to North Austin https://www.recenter.tamu.edu/news/newstalk-texas/?Item=245632020-07-09T05:00:00Z2020-07-09T16:00:00Z

AUSTIN – A partnership between Generation Housing Development, Hill Tide Partners, and the Austin Affordable Housing Corp. is developing Heritage Estates at Owen Tech.

The 174-unit affordable housing project will be on five acres at 14011 Owen Tech Blvd. 

It will have one- and two-bedroom units, the majority of which will be reserved for renters earning u​p to 60 percent of the area's median income. About 10 percent of the units will be reserved for renters earning up to 40 percent. 

Construction will be complete by early 2022. 

Keybank provided $20 million in Freddie Mac financing for the project. 

texaslogo.pngLooking for more Austin-Round Rock senior living news? The Real Estate Center's got you covered. ​

REBUSINESS
Austin-Round Rock
Senior Living
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Partnership building lakefront hotel and conference center Partnership building lakefront hotel and conference center https://www.recenter.tamu.edu/news/newstalk-texas/?Item=245582020-07-08T05:00:00Z2020-07-08T20:00:00Z

​​​​MARBLE FALLS – The city, the Marble Falls Economic Development Corporation, and Boerne-based Phoenix Hospitality Group are developing a full-service hotel and conference center at the south end of Main St. 

The hotel will have 120 guest rooms; 21,000 sf of conference, event, and ballroom space; a lakefront restaurant and bar; and rooftop venue. 

Texas logoGet more Austin hotel news​​ on the Real Estate Center's website.

​Source: Connect Media​
Connect Media
Austin-Round Rock
Hotel
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118-room WoodSpring Suites opens in Georgetown118-room WoodSpring Suites opens in Georgetownhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245592020-07-08T05:00:00Z2020-07-08T20:00:00Z

​​GEORGETOWN – WoodSpring Suites has opened a 118-room hotel at 904 Rockmoor Dr. 

Amenities include a fitness center, laundry facility, and free WiFi.

Texas logoGet more Austin hotel news​​ on the Real Estate Center's website.

Community Impact Newspaper
Austin-Round Rock
Hotel
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Tenant taking 78K sf in new Star Business Park buildingTenant taking 78K sf in new Star Business Park buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245542020-07-08T05:00:00Z2020-07-08T19:00:00Z

​​FRISCO – GEA Group is leasing 78,000 sf of industrial space in the Star Commerce Center II building.

The industrial building at 16005 Gateway Dr. is a new addition to Star Business Park. 

Outfitting the building for fall 2020 occupancy will cost $3.2 million.

Alliance Architects is designing the project. Lincoln Property brokered the lease.

Texas logoThe Real Estate Center has more on DFW's industrial market:


Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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$111M expansion underway at Westminster senior community $111M expansion underway at Westminster senior community https://www.recenter.tamu.edu/news/newstalk-texas/?Item=245552020-07-08T05:00:00Z2020-07-08T19:00:00Z

​AUSTIN – LCS is expanding Westminster, a 9.3-acre senior living community at 4100 Jackson Ave. 

The expansion will add two five-story buildings. ​

The first will deliver 43 independent-living apartments, 38 memory-care units, 36 assisted-livi​ng units, dining options, parking, and amenity areas. 

The second will include a fitness center, physical therapy space, salon, clinic, 15 underground parking spaces, and 18 independent-living apartments. 

Ziegler arranged $110.9 million in financing for the project. ​​

texaslogo.pngLooking for more Austin-Round Rock senior living news? The Real Estate Center's got you covered. ​

REBUSINESS
Austin-Round Rock
Senior Living
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233-unit Simple Self Storage trades hands233-unit Simple Self Storage trades handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245562020-07-08T05:00:00Z2020-07-08T19:00:00Z

​​WACO – Simple Self Storage, a 233-unit self-storage facility at 2172 E. Loop 340, has been sold. 

Built in 2017, the 24,740-sf facility off​ers units ranging from 25 to 200 sf. 

The site also include​s two acres for future expansion. 

Marcus & Millichap arranged the transaction. 

Texas logoIf you're looking for more news like this, head to the Center's website.

REBUSINESS
Waco
Retail
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Carlisle Port Arthur LP sells 27K-sf industrial building Carlisle Port Arthur LP sells 27K-sf industrial building https://www.recenter.tamu.edu/news/newstalk-texas/?Item=245572020-07-08T05:00:00Z2020-07-08T19:00:00Z

​​​PORT ARTHUR – Carlisle Port Arthur LP has sold a 26,504-sf industrial building about six miles from the port.

Built on 10.3 acres, the prop​erty has 18-ft clear heights and a 26 percent office finish. 

Lee & Associates brokered the sale. 

Texas logoIf you're looking for more news like this, head to the Center's website.

​Source: REBusiness Online
REBUSINESS
Beaumont-Port Arthur
Industrial
Read more at {Source}
Union Supply leasing 380K sf near DFW AirportUnion Supply leasing 380K sf near DFW Airporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245532020-07-08T05:00:00Z2020-07-08T18:00:00Z

​DALLAS – Union Supply Group is leasing 380,000 sf of industrial space on the north side of DFW​ Airport between SH 114 and I-635.

Invesco Real Estate owns the ten-year-old building at 2500 Regent Blvd.​​

The tenant will move into ​the building later this year. 

Alliance Architects is designing the new shipping hub.

Lincoln Property Co. marketed it for lease. 

Texas logoThe Real Estate Center has more on DFW's industrial market:

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
Read more at {Source}
Brandywine makes progress on 66-acre Broadmoor development Brandywine makes progress on 66-acre Broadmoor development https://www.recenter.tamu.edu/news/newstalk-texas/?Item=245522020-07-07T05:00:00Z2020-07-07T16:00:00Z

​AUSTIN – Brandywine Realty Trust is building Broadmoor, a 66-acre mixed-use development. 

Construction will start on 340 apartments and a 360,000-sf office tower in Block A, the first section of the campus, by the end of the year. Construction on an additional 500 units in ​Block F will follow. 

Block L will consist of two massive office towers totaling 1.3 million sf. 

In total, the development will have:

  • three million sf of office space,

  • three million sf of multifamily space,

  • 400,000 sf of retail space, 

  • 250,000 sf of hotels,

  • nine acres of green space, and 

  • a new MetroRail Red Line train station.  

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

​​​Source: Austin Bu​si​ness Journal​​

Austin Business Journal
Austin-Round Rock
Mixed-Use
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Arlington townhome project approvedArlington townhome project approvedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245492020-07-07T05:00:00Z2020-07-07T15:00:00Z

​​ARLINGTON – The city council has approved Peyco Southwest's proposal to build 64 townhomes at 1001 W​. Mayfield Rd.

The 9.5-acre development will include a private dog park, a picnic area, and walking trail. 

The developer will upend hundreds of trees, install drainage channels in place of a stream, and create a detention pond near the property’s edge. 

A homeowners association will maintain the property, including roads and amenities.

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

          ​​​​Source: Fort​​ Worth Star-Telegram

          Fort Worth Star-Telegram
          Dallas-Fort Worth-Arlington
          Housing
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          Brookfield purchases 96K-sf infill truck terminal Brookfield purchases 96K-sf infill truck terminal https://www.recenter.tamu.edu/news/newstalk-texas/?Item=245502020-07-07T05:00:00Z2020-07-07T15:00:00Z

          DALLAS – REIT Brookfield Properties has acquired a 95,440-sf industrial facility on 15.2 acres at 4444 Irving Blvd. 

          Built in 1958, the property has a 57,000-sf terminal with 118 doors and ample car and trailer parking space. 

          The asset is fully leased to Dan Rich Enterprises Inc.

          Texas logoThe Real Estate Center has more on DFW's industrial market:

          REBUSINESS
          Dallas-Fort Worth-Arlington
          Industrial
          Read more at {Source}
          Pandemic slows down Temple housing startsPandemic slows down Temple housing startshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245512020-07-07T05:00:00Z2020-07-07T15:00:00Z

          ​​TEMPLE – The city’s housing market has slowed down as a result of ​the COVID-19 pandemic.

          The number of housing starts declined in both April and May, falling 22.7 and 24.7 percent year over year, respectively.

          Temple Planning Director Brian Chandler said the drop was expected "considering that fiscal year 2019 represented our largest number of housing starts by far."

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

          ​Source: Temple Dai​ly ​Teleg​ram

          Temple Daily Telegram
          Killeen-Temple
          Housing
          Read more at {Source}
          Census Bureau survey reveals EIP spending for Texas renters, homeownersCensus Bureau survey reveals EIP spending for Texas renters, homeownershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=245482020-07-07T05:00:00Z2020-07-07T14:00:00Z

          ​​​​

          How Texans with mortgage deferment used their stimulus check

          WASHINGTON – In response to COVID-19, the U.S. Census Bureau has developed two new weekly pulse surveys—the Small Business Pulse Survey and Household Pulse Survey​

          The Household Pulse Survey covers a wide variety of questions including health, food availability, economics, and education. The most recent survey includes new questions about the first round of stimulus checks, formally known as Economic Impact Payments (EIP). It has some revealing findings specific to Texans.

          "There doesn't look like there was much difference between how homeowners and renters spent the EIP," s​aid Real Estate Center Senior Data Analyst Joshua Roberson. 

          The number one usage of funds for renters was their rent. For homeowners with mortgages, mortgage payment was second only behind food (groceries/restaurants). 

          "In general, homeowners do appear slightly more likely to use their EIP to either pay down consumer debts or save it," said Roberson.

          Another takeaway was from the respondents who claimed to have mortgage deferments. Less than 3 percent of homeowners claimed to have had a deferment plan. This is lower than the national rate reported by Black Knight Inc., which reported closer to 9 percent of all active mortgages as of June 30th. This lower rate is likely due to the difference in COVID-19 business restrictions between states like Texas and others such as Michigan or some in the Northeast. An additional roughly 3 percent owned their homes free and clear. 

          For those with deferment plans, the number one use of their EIP was to pay down consumer debt such as credit cards and student loans. Food was a distant third while mortgages were even further back at fifth. 

          Homeowners with mortgage deferments also overwhelmingly indicated that, at least for the most recent survey week ending June 16th, they were able to pay for their everyday needs with their regular source of income. Other sources, such as unemployment benefits, the EIP, or savings, barely registered in comparison. 

          Many in the real estate industry have kept their eyes on mortgage deferment (or forbearance) households as a leading indicator of things to come. 

          ​"In Texas, it seems that those who did arrange deferments may have used it as a defensive measure to prepare long-term for the tough economic times ahead," said Roberson. "Many of these households appear to have taken the money otherwise used on their mortgages to pay down debt and hopefully open up more cash flow​ in the future."

          At the other end of the spectrum are renters, who in general are a younger demographic and tend to earn less than homeowners. Nearly a third of renter households in the survey reported earning less than $25k on their 2019 tax returns. Texas households in that income bracket have had a much higher proportion—nearly 60 percent—of some level of income loss whether through termination, furlough, or hours cut.  

          Most renters in the most recent survey were still able to pay for their everyday needs through their regular income, but the frequency isn't as high as homeowners.

          Renters were twice as likely to either use unemployment benefits or borrow money from family members to pay for expenses. The end result is less confidence with renters to pay their next month's rent payment.​

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

          U.S. Census Bureau
          Texas
          Housing
          Read more at {Source}

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