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RECENT NEWS:

  • $500M ‘Sharka’ in the Business Park(a)
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    ​​​​​​MIDLOTHIAN – A company operating under the alias Sharka LLC is planning a major data center development in RailPort Business Park on approximately 375 acres.The $500 million project will receive a 100 percent abatement on property taxes and an 85 percent abatement on improvement taxes over a ten-year period.It is... Read more »
  • Price; price per SF in Austin office sales
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    ​​​​​​​AUSTIN – ​​​Aquila released their 1Q 2018 ​​Austin Citywide Update​, which included this list of major office asset sales transactions.... Read more »
  • Second Trinity Green multifamily underway, third in the pipeline
    ​DALLAS – Stonelake Capital Partners is building the second apartment community in Trinity Green and have filed plans for a third.  Developers have already built a 355-unit apartment project and single-family homes in the 25-acre mixed-use community on Singleton Blvd. near Sylvan Ave.  Construction is underway on a 324-unit apartment... Read more »
  • As lumber prices rise, builder confidence falls
    ​​WASHINGTON – National builder confidence in the new single-family home market fell two points to 68 in June on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).The decline was due in large part to rising lumber prices, although sentiment remains on solid footing. “Builders are optimistic about housing... Read more »
  • Phillips 66 expanding Sweeny hub
    ​​SWEENY – ​​Phillips 66 is expanding its fracking and storage hub by 300,000 barrels per day (BPD).  The project includes the construction of two 150,000-BPD natural gas liquids (NGL) fractionators, additional NGL storage capacity, and associated pipeline infrastructure. The hub currently has 100,000 BPD of fractionation capacity, 200,000 BPD of liquefied petroleum gas... Read more »
  • REC offers Texas perspective on new Harvard housing study
    ​COLLEGE STATION – Real Estate Center researchers offered Texas-specific perspectives on a national housing report released today by Harvard University.“Immigrant households will play a larger role in growing housing demand in Texas," writes Senior Data Analyst Josh Roberson in a new ​​blog post.“Texas is one of only a few larger states... Read more »
  • USACE approves $509 million for flood mitigation
    ​​​​WASHINGTON – The United States Army Corps of Engineers (USACE) has approved $509 million in funding to pay for projects to mitigate flooding, improve harbors, and study the Texas coastline.The funding includes $3.6 million for three projects in the Rio Grande Valley. These include a project in Harlingen to dredge... Read more »
  • Texas employment grows for 23rd consecutive month
    ​​​​​​​​AUSTIN – The Texas economy added 34,700 seasonally adjusted nonfarm jobs in May, marking 23 consecutive months of employment growth, reports the Texas Workforce Commission.Last month, the seasonally adjusted unemployment rate was 4.1 percent, unchanged from April 2018.Over the year, Texas added 352,100 jobs for an annual employment growth rate of 2.9... Read more »
  • 4K digital projection and craft beer to Alamo
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    ​​​KATY – Popular dine-in theater Alamo Drafthouse Cinema will open its newest Houston-area location in July 2018, and will close its existing one about four miles away.The new theater will open in LaCenterra at Cinco Ranch, a mixed-use development located at 23501 Cinco Ranch Blvd.The 37,000-sf theater features eight screens—all... Read more »
  • UT-RGV School of Medicine lands 35-acre donation
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    ​​​​​HARLINGEN – Around 35 acres located in Harlingen will go towards a new institute of neurosciences and other medical related facilities.The South Texas Medical Foundation (STMF) will donate the land to the University of Texas-Rio Grande Valley School of Medicine for the development of an institute of neurosciences. Planning and designing of... Read more »
  • Houston vs. Chicago: the ultimate showdown
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    ​​​​​​​HOUSTON – In 2015, ​​Houston was predicted to overtake Chicago as the third largest city by 2025.Now, based on 2017 growth, and with a gap of only 404,000 residents separating the cities, the Bayou City isn’t expected to surpass the Windy City until 2052.But there’s a problem with these predictions: experts are... Read more »
  • Red Bird Mall to soar again
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    ​​DALLAS – City Council approved a $22 million investment in the Red Bird Mall redevelopment located at US 67, I-20 and Camp Wisdom Rd.The funding would support a dense mixture of new retail, office, apartment, and hotel space built on the mall's parking lots, as well as a renovation of... Read more »
  • Two San Antonio multifamily assets sold
    ​​SAN ANTONIO – REEP Equity has purchased two apartment communities​​ totaling 537 units. The properties are the 273-unit 4000 Horizon Hill and the 264-unit Northgate Village. JLL arranged acquisition financing through NXT Capital. ​​... Read more »
  • 1M-SF distribution center: add to cart
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    ​​​​WILMER – Amazon is working on a deal to lease more than 1 million sf of warehouse space along I-45 for another new distribution center.The online sales firm is eyeing two buildings in Southport Logistics Park, a $500 million industrial project directly across I-45 from Union Pacific Railway's Dallas Intermodal... Read more »
  • Online retailer leases space in Core5 Logistics Center
    ​​​​HUTCHINS – Digital retailer VMInnovations is leasing 416,891 sf in a new industrial building in the Core5 Logistics Center. VMInnovations is the first tenant in the new 754,897-sf facility on Wintergreen Rd.​ near I-45. Cushman & Wakefield negotiated​​ the deal with NAI Robert Lynn.The developer, Core5 Industrial Partners, is owned by Japanese firm Kajima... Read more »

 

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