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RECON for October 12, 2021RECON for October 12, 20212021-10-12T05:00:00Z2021-10-12T05:00:00Z
The Texas Weekly Leading Index decreased the week ending Sept. 25 after increasing the previous week, pointing toward higher future economic activity as the economy continues to reopen. Unfortunately, the Delta variant-fueled rise in COVID cases has increased uncertainty surrounding the end of the pandemic. Read our latest report for more. (Figure from Texas Real Estate Research Center.)
October 12, 2021

Minneapolis developer building 400,000-sf Plano office

​​​PLANO (REBusiness Online) – Minneapolis-based Ryan Cos. is building a 400,000-sf office building at the Legacy West mixed-use development. 

The 24-story building will offer amenities such as a fitness center, tenant lounge, café, multiple conference rooms, and open green space. 

Gensler is designing the project, which is already 50 percent preleased to Ryan LLC. JLL is marketing the remaining space for lease.

Construction will begin in first quarter 2023 and wrap up two years later.
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Sewell planning Midland dealership complex 

​​MIDLAND (Midland Reporter-Telegram) – Sewell is developing three car dealerships on 30.8 acres at SH 191 and Avalon Dr. 

The development will have eig​ht buildings totaling 1.34 million sf. It will include a restaurant, car wash, amenities building, photo booth building, and two service centers. 

Sewell plans to replicate its Odessa dealership complex.
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. 

Pollock Orora signs 256K-sf industrial lease

​​​HOUSTON (REBusiness Online) – Pollock Orora has signed a 255,704-sf industrial lease at Seton Lake Logistics Center. 

Trammell Crow owns the building, which is on 16.8 acres at 14611 Tomball Pkwy. The asset features 32-ft clear heights. 

NAI Partners represented the tenant while CBRE represented the landlord.
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. 

McWhinney picks up downtown Austin Proper Hotel

AUSTIN (Austin American-Statesman) – McWhinney Real Estate Services Inc. has acquired the 32-story Austin Property Hotel at 600 W. Second St. 

The 244-room hotel has 98 condo units. Amenities include a pool, fitness center, spa, and over 14,000 sf of meeting and event space. 

Goldman Sachs sold the property. 
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Catellus adding homes, apartments to Victoria Commons

​​​​SAN ANTONIO (San Antonio Business Journal) – Catellus is developing a residential project near the intersection of E. Cesar Chavez Blvd. and I-37 in the Victoria Commons neighborhood.

The project will include 86 single-family homes and townhomes and between 330 and 430 apartments.

Construction will begin next year. 
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.

Baytown industrial asset under new ownership

​​BAYTOWN (REBusiness Online) – San Diego-based Westcore has acquired a 210,887-sf industrial property within the Cedar Port Industrial Park master-planned development.

The building has 32-ft clear heights, 200-ft truck court depths, and an ESFR sprinkler system. 

Colliers International represented the seller, The Woodlands-based NIT Industrial.​
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AHS Residential breaking ground on $35M multifamily project 

​​​HUTTO (Austin Business Journal) – AHS Residential LLC is breaking ground on a 204-unit apartment complex on ten acres on Exchange Blvd. 

The property will have one- to three-bedroom units. 

Construction begins this month and will be complete in November 2022.
Looking for reliable rural land data for Mississippi, Louisiana, Alabama, and Texas? We've got you covered. Get the data exclusively from the Texas Real Estate Research Center.
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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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