RECON for January 5, 2021RECON for January 5, 20212021-01-05T06:00:00Z2021-01-05T06:00:00Z
Texas real estate research center
Texas Real Estate Research Center
New year, new(ish) name. The Center started 2021 by reverting to its given name, the Texas Real Estate Research Center. This change ushers in the Center's 50th anniversary year. 
January 5, 2021

Plano a top city for jobs in 2021

WASHINGTON (WalletHub) – Plano is the tenth-best city in which to find a job this year, according to a WalletHub study.

The North Texas city ranked 14th in socio-economics and 17th in job market. It tied for first with several other cities for highest median annual income.  

Austin was the next Texas city on the list, ranking 23rd overall. It was ​18th in socio-economics and 41st in job market.

According to the study, the rest of the top places to find a job are:
  • South Burlington, Vt.;
  • Columbia, Md.;
  • Virginia Beach, Va.;
  • Salt Lake City;
  • Boise, Idaho;
  • Scottsdale, Ariz.;
  • Chesapeake, Va.;
  • Seattle; and
  • Colorado Springs, Colo.​
To compile the list, WalletHub looked at employment and economic data for 180 cities across the nation.
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Pharmaceuticals company sells The Woodlands campus

​THE WOODLANDS (Realty News Report) – Lexicon Pharmaceuticals has sold its office and research campus to San Francisco-based Nurix Therapeutics. 

The five-building, 260,950-sf campus is on 12.4 acres at 8800 Technology Forest Dr. 

The main building is a 128,400-sf, Class A office with laboratory space. ​​Other properties include a one-story flex property and two special-use facilities. 

NAI Partners represented the seller. 
Sketchy drawing of commercial buildingsThe Texas Real Estate Research Center's Texas Quarterly Commercial Report looks at past, present, and future commercial real estate activity in the state's four major metropolitan areas. It covers the office, retail, and warehouse sectors. Read and download the report for free, and subscribe to know when the next issue is published. 

627-unit Northpoint Crossing trades hands

​​COLLEGE STATION (REBusiness Online) – A joint venture between Ares Management Corp. and Timberline Real Estate Ventures has purchased Northpoint Crossing, a 1,842-bed student housing community at 1501 Northpoint Ln. 

Built in 2014, the property has one- to four-bedroom units. 

Amenities include a 24-hour clubhouse, two fitness centers, two computer labs, game rooms, outdoor grilling stations, sauna and steam rooms, and rooftop terrace. 

Newmark represented the sellers, Woodridge Capital and funds managed by Oaktree Capital Management L.P. 
NewsTalk Texas logoHungry for more Texas real estate news? Then feast your eyes on NewsTalk Texas, our online news database. Here are a few of the stories you'll find there this week: NewsTalk Texas is updated each weekday, throughout the day. 

Online retailer signs 204K-sf industrial lease

​​​​MESQUITE (REBusiness Online) – Online retailer 1000bulbs.com has signed a 203,040-sf industrial lease a​t Building 1 at Urban District 30. 

Stream Realty Partners represented the tenant and the landlord, Urban Logistics Realty.

The 977,013-sf industrial development is along I-30 just south of Northwest Dr.
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312K-sf diaper manufacturing plant slated for Waco 

​​​WACO (REBusiness Online) – Hello Bello is developing a 312,000-sf diaper manufacturing plant at 2101 Texas Central Pkwy. 

The $31 million project ​will create 110 jobs.

Construction will be complete by 2Q2021. 
Communication Matters video seriesThe Texas Real Estate Research Center's Texas Home Price Index measures price appreciation changes for residential single-family homes. It provides data for eight different Texas metros across three different price ranges.

Laredo investor picks up McAllen retail

​​​McALLEN (Connect Media) – Laredo-based Big Sky Estate Investments LLC has purchased Main Place Shopping Center, a 172,000-sf retail property.

Built in 1988, the asset is on 20 acres at 1800 S. Main St. 

The largest tenants are the University of Texas Rio Grande Valley and Main Place Indoor Market. 

136K-sf office campus under new ownership

​​​AUSTIN (Austin Business Journal) – A two-building office complex, called 7000 West at Lantana, has been so​ld.

The 136,075-sf asset at 7000 W. William Cannon Dr. is fully leased to Smith + Nephew and Advanced Micro Devices Inc. 

Cushman & Wakefield represented the seller. 
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Copyright © 2021, All rights reserved.
Material herein is published according to the fair-use doctrine of U.S. copyright laws related to non-profit, educational institutions. Items attributed to sources other than the Texas Real Estate Research Center at Texas A&M University should not be reprinted without permission of the original source. To send news items for consideration, e-mail Hayley Rieder. The Texas Real Estate Research Center is part of Mays Business School at Texas A&M University in College Station - the heart of the Research Valley.


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