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RECON for November 18, 2022RECON for November 18, 20222022-11-18T06:00:00Z2022-11-18T06:00:00Z
RECON Texas Real Estate Research Center
House damaged by katrina
In the first installment of "When Disaster Strikes," Center Senior Research Associate Wesley Miller looks at a study examining how New Orleanians fared in the two years immediately following Hurricane Katrina. Read more in our Mixed-Use Blog. (Photo from Center files.)
November 18, 2022

TRERC welcomes new research economist, senior data analyst 

COLLEGE STATION (Texas Real Estate Research Center) – Dr. Daniel Oney and Mallika Natarajan have joined the staff of the Texas Real Estate Research Center as a research economist and senior data analyst, respectively. 

Oney earned his MPA and Ph.D. degrees from the University of Texas at Dallas. Before joining the Center, Oney was an economic research manager for the City of Dallas and senior economist for the Virginia General Assembly. Most recently, he was managing director in Newmark’s Global Corporate Services division where he supported clients with site selection, labor analysis, and development strategy.  
Dr. Daniel Oney and Mallika Natarajan
At the Center, Oney will specialize in building forecasting and decision models to help public and private leaders make better economic and fiscal choices.

Natarajan has a Masters in management information systems from Mays Business School at Texas A&M University. She most recently served as a data analyst with the University’s human resources department. At the Center, she will provide in-depth analyses using a myriad of data sources, including Multiple Listing Services.
Boundary Changes & Property Rights
"A river runs through it . . .” That’s lovely, but what happens to your property rights if a river that doubles as a property line moves over time? Center Research Attorney Rusty Adams explains what Texas law says about changing boundaries.

Gardens at West sells, will be rebranded

​​SAN ANTONIO (REBusiness Online) – Embry has purchased Gardens at West, a 252-unit multifamily complex at 13515 West Ave.

Built in 1995, the property has one-, two-, and three-bedroom floor plans ranging from 664 to 1,269 sf.

Amenities include a pool, fitness center, clubhouse, dog park, and outdoor grilling and dining areas.

Embry will implement a value-add program and rebrand the property as The Hayden on West Avenue.

Newmark represented the seller, Regional Investment & Management.
bryan popeManaging Editor Bryan Pope took home the gold at the Texas Real Estate Research Center's first ever chili cook-off this week. Photo by Center Photographer JP Beato III.

Construction starts on Spring senior living community

​​​SPRING (REBusiness Online) – A joint venture between Braintree Properties and Cadence McShane has started construction on Aviva Terranova Independent Senior Living Community.

The 140,000-sf ca​mpus will have four-story structures with a total of 163 independent-living units.

Amenities will include a pool, library, fitness center, theater, cybercafé, and 215-space parking garage.

Completion is slated for late 2023.

Integral Senior Living will operate the property. 
In Other News: From the NewsTalk Texas feed
Looking for more real estate news? Our NewsTalk Texas feed has all the latest headlines. Here's a sample:

1.8M-sf industrial project slated for Schertz

​​SCHERTZ (San Antonio Business Journal) – Core5 Industrial Partners LLC is developing a 1.8 million-sf warehouse complex at 4703 Scenic Lake Dr.

The four-building site w​ill be built in two phases. 

Phase one will include Buildings A and B, measuring 536,068 and 468,280 sf, respectively​.

Construction begins in January 2023. Phase one will deliver in fourth quarter 2023.​

Core5 acquired the three-parcel, 381-acre site for around $5.7 million. 

Partners Real Estate brokered the deal.​
The Center's Annual Report + Calendar giveaway is back again! For a chance to get your hands on the 2023 edition of the always popular calendar (while supplies last), take a three-question survey by Friday, Dec. 2. Enter here. No purchase necessary.

Big Sky picks up 175K-sf life sciences facility

COLLEGE STATION (REBusiness Online) – Big Sky Real Estate has acquired the Westinghouse Building​, a 175,752-sf life sciences facility in Providence Park.

Oldham Goodwin was the seller.​​

Big Sky financed the purchase of both this property and Greenpark One in Houston​ with a $190 million loan through Capital One. ​​
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Chambers Creek active adult community opens in Willis

​WILLIS (Houston Agent Magazine) – Caldwell Communities has opened Chambers Creek, a 55-and-older adult community.

The 3,000-home development​ has amenities such as a nine-hole golf course, private marina, two-acre vineyard, multiple recreational courts, wellness center, and pool.

Homebuilders include Beazer Homes, Caldwell Homes, Coventry Homes, Del Webb, and Partners in Building. 
Helping Texans make the best real estate decisions since 1971

Costco coming to Tomball

​​​TOMBALL (Community Impact Newspaper) – Costco is building a 161,131-sf store and a 10,000-sf fuel station near the intersection of SH 249 and Holderreith Rd. 

The city council has appro​ved $6 million in economic incentives for the $20 million project. 
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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 the Division of Academic and Strategic Collaborations at Texas A&M University in College Station - the heart of the Research Valley. 

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