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RECON for November 22, 2022RECON for November 22, 20222022-11-22T06:00:00Z2022-11-22T06:00:00Z
RECON Texas Real Estate Research Center
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November 22, 2022

Plastics plant headed to Orange

​​​ORANGE (Houston Business Journal) – Chevron Phillips Chemical Company LLC and QatarEnergy are building an $8.5 billion integrated polymers facility.

The plant will produce Marlex polyethylene, which is used in durable goods, recreational products, and food packaging. 

The facility will create 500 full-time jobs and 4,500 construction jobs. 

It is expected to generate around $50 billion for the community in residual economic impacts.

Operations will begin in 2026.
Mark your calendars: the 32nd Annual Outlook for Texas Land Markets conference will be April 13-14, 2023, in San Antonio. Registration opens early next year, so stay tuned.
Mark your calendars: the 32nd Annual Outlook for Texas Land Markets conference will be April 13-14, 2023, in San Antonio. Registration opens early next year, so stay tuned.

325-acre Greenville mixed-use development to break ground next year

​​​​​​​GREENVILLE (Cooksey Communications​) – Wildcatter Realty Partners is developing The Greenbelt, a 325-acre master-planned project.

The mixed-use development will include residential, commercial, cultural, institutional, and entertainment uses.

Amenities will include hike and bike trails, family-friendly parks, water features, natural wooded areas, and a disc golf course.

Groundbreaking is set for first quarter 2023.
The Texas Real Estate Research Center will close at noon on Wednesday, Nov. 23, for our fall break. We will reopen Monday, Nov. 28. Happy Thanksgiving!

Indoor farm planted in San Antonio

​​​​SAN ANTONIO (Connect CRE) – Soli Organic is building a high-tech, automated indoor produce farm and packing facility in the Brooks community.

The farm will have 100,​000 sf of growing space, including six vertical production layers, and 40,000 sf of process space. 

​It will create 100 jobs.
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The English-Spanish Real Estate Glossary defines, translates, and explains 787 real estate terms. Just click on the translated term and hear it spoken in Spanish. It's a must-have for anyone with Spanish-speaking real estate clients. 

Sabre HQ swaps hands in Southlake

​​SOUTHLAKE (REBusiness Online) – A five-story, 265,942-sf office building at 3150 Sabre St., has been sold.

The facility has serve​d as Sabre's headquarters since 2002.

Amenities include a cafeteria, outdoor courtyard, and fitness center.

JLL represented the seller, PCCP LLC, and arranged acquisition financing for the buyer, BDP Holdings.
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. 

Waco's Lake Air Shopping Center sold

​​​WACO (REBusiness Online) – Lake Air Shopping Center, a 214,625-sf retail property, has been sold. 

The center was 85 percent leased to tena​nts such as Dollar Tree, Melrose, Tuesday Morning, Twin Liquors, AT&T, Starbucks Coffee, and Domino’s Pizza. 

CBRE and Coldwell Banker Commercial arranged the sale.
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Logistics facility coming to Pearland

​​​PEARLAND (Realty News Report) – Levey Group has acquired 38 acres near the intersection of S. Sam Houston Pkwy. and Almeda School Rd.

The land will be home to a two-building, 650,000-sf industrial project called Levey Logistics Park.

Construction starts in fourth quarter 2023. 
Magnifying glass in librarySearching for reliable and accurate real estate and economic papers can be time consuming. The Texas Real Estate Research Center is here to help. Access our Research Library for a nearly endless database of economic reports, research articles, and technical papers. Get it all in one place completely free. 

143K-sf self-storage facility sold in Royse City

​​​​​ROYSE CITY (Marcus & Millichap​​) – Easy Storage Solutions, a 143,560-net-rentable-sf self-storage at 7451 FM 35, has been sold.

Marcus & Millichap marketed the property on behalf of the seller and secured the buyer.​​
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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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