RECON for November 16, 2021RECON for November 16, 20212021-11-16T06:00:00Z2021-11-16T06:00:00Z
Local Government Code allows for Public Improvement Districts, which are created to provide improvements such as new sidewalks, roads, lighting, and landscaping. Recent changes to the code have added PID disclosure notice requirements to buyers and increased penalties for sellers who fail to deliver the notice. Read about these changes in our latest article. (Image from Center files.)
November 16, 2021

Hamilton Thomas Homes introduces three new Houston communities

​​​HOUSTON (Total PR) – New local homebuilder Hamilton Thomas Homes has broken ground on its first of three residential projects across the metro. 

The 31 45-ft home sites are in the Balmoral community in Humble. Homes will start in the mid $300,000s. Floor plans will range from 1,700 to 3,000 sf. 

Hamilton Thomas will also develop 66 homes in Marvida in Cypress. Homes will range from 2,000 to 4,000 sf and be on 60-ft sites. Pricing will start in the low $400,000s. 

The builder will also start construction in Sunterra in Katy in December. Thirty-six homes will be built on 45-ft lots and range from 1,700 to 3,000 sf. Prices will start in the mid $300,000s. 
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100K-sf medical building slated for UTSA’s West campus

​​SAN ANTONIO (San Antonio Business Journal) –‌ UT Health San Antonio is building a 100,000-sf medical building on the University of Texas at San Antonio’s (UTSA) Park West campus. 

The building will house medical office space and an ambulatory surgery center. 

Construction will be complete by February 2024. 

UT Health San Antonio is also working on an 80,000-sf facility and 144-bed hospital at UTSA.
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. 

Alabama manufacturer moving into Houston distribution center

HOUSTON (REBusiness Online) – Alabama-based Hercules Inc. has signed a 111,062-sf industrial lease at Park 8. 

The company will occupy about half of the 242,760-sf distribution center, which delivered in 2020. 

The building has 36-ft clear heights, 130-ft truck court depths, and an ESFR sprinkler system.

Moody Rambin represented the tenant. CBRE represented the landlord, Avera Cos. and AEW Capital Management.
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. 

Austin billionaire Michael Dell sells Dallas apartments

DALLAS (Dallas Morning News) – Michael Dell’s family investment fund, MSD Capital, sold the Armstrong at Knox apartments at 4525 Cole Ave. to Madera Residential.

The 165-unit rental community was built in 2014 ​on top of a retail strip that includes a Trader Joe’s grocery store.

The purchase was financed with a $47.9 million mortgage provided by a fund sponsored by CBRE Investment Management.
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152K-sf office building coming to Fair Market site

​​​AUSTIN (Austin Business Journal) –‌ The city council has approved rezoning for the Fair Market event venue at 1100-1108 E. Fifth St. 

11E5 LLC and Endeavo​r Real Estate Group will transform the property into a 150,617-sf office building with ground-floor retail.
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.

Stonemont breaks ground on 500K-sf industrial park in Fort Worth

​FORT WORTH (Dallas Morning News) – Stonemont Financial Group has broken ground on the two-building DFW Point35 business park on Harmon Rd. near I-35W.​

The 500,000-sf industrial development opens next summer. 

Lee & Associates is marketing the business park.

Amazon eyeing Georgetown for 519K-sf warehouse

​​​GEORGETOWN (Austin Business Journal) –‌ Amazon is planning a 518,792-sf sorting facility at 2250 N. I-35. 

Construction begins in early 2022 and will be complete in March 2023.
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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 Wiley. 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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