RECON - Texas A&M Real Estate Center News September 11 2018

Posted by George Alexander on Tuesday, September 11th, 2018 at 4:30pm.

Source: Recon 9-11/18

Real Estate Center Online News
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Rural land price data for Louisiana, Alabama, and Mississippi are now available exclusively on the Real Estate Center's website. The information is available to the public for free. (Photo from Center files.)
September 11, 2018

REC exclusive: rural land data for Alabama, Louisiana, Mississippi

​​COLLEGE STATION (Real Estate Center) – Rural land data for Alabama, Louisiana, and Mississippi are now on the Real Estate Center’s website.

The new data can be narrowed by region and county and go back to fourth quarter 2005.

“We are providing the only data of its kind for those states,” said Center Research Economist Dr. Charles Gilliland. “It's a public service we provide at no cost.”

This information is in addition to rural land data for Texas, its regions, and its land market areas going back to fourth quarter 1971.  

Visit the rural land data page on the Center's website to see what information is available. ​
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$70M to UTSA downtown expansion

SAN ANTONIO (San Antonio Business Journal) – Two new structures are coming to the University of Texas at San Antonio after the approval of $70 million in funding by the UT System Board of Regents.

One of the planned structures is the 80,000-sf National Security Collaboration Center, which will have innovation, laboratory, and research facility space. The $33 million facility will serve as a hub for government, university, and industry partners in the cybersecurity field.

Also proposed is a​ $57 million facility for the school of data science. The 138,000-sf building will be home to several existing departments, including computer science, computer engineering, statistics and data sciences, information systems, cyber security, and the university’s Open Cloud Institute.​
 
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Temple turning 169 acres to homes

TEMPLE (Temple Daily Telegram) – A rezoning request for the property at North Pea Ridge Rd. and Alabama Ave. has been approved for a new 169-acre subdivision.

​Previously zoned for agriculture, the development is part of the Lake Pointe subdivision, which will include several hundred homes when complete.

While the subdivision will have a primary access point on North Pea Ridge Rd., developer WBW Development has purchased land for an entrance from SH 317.​​​
 
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ERS office tower to rise downtown

AUSTIN (Austin Business Journal) – The Employees Retirement System of Texas (ERS) will break ground in late 2018 or early 2019 on a new 200,000-sf tower.​

Neighboring the University of Texas at 200 E. 18th St., the nine-story building will replace a single-floor structure already onsite.

ERS will take up roughly 10 percent of the 192,000 sf of office space. There will also be 15,000 sf of retail and three levels of parking, including one underground level.

The existing ERS building adjacent to the new structure will remain.
 
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. 
 

City sets aside $60M for Frost Tower fixer-upper

SAN ANTONIO (The Rivard Report) – After purchasing the Frost Bank tower for $52 million in 2016, the city has committed $59.5 million to renovate its staff’s future home.

The 445,600-sf, 22-story tower at 100 W Houston St. was built in 1975.

The city will occupy 378,000 sf and lease the rest.

Current tenant Frost Bank is moving into its new 23-story glass tower across Houston St. after its summer 2019 completion. Once Frost employees move, renovations will begin.

City employees will begin moving in 2020 and should all be relocated by spring 2021. The tower will accommodate about 1,400 staffers.​

Ambassador Row property sells in Brookhollow

DALLAS (Connect Media) – ML Realty Partners has acquired a 185,220-sf industrial building in the Brookhollow submarket. 

The facility at 7601 Ambassador Row is fully leased to ​Leonard Mobility and Hobi​ International Inc. 

The seller was FESI Ambassador Row LP, which had owned the asset since early 2017
 
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Forward Air leases 289,200 sf in Humble

​HUMBLE (Realty News Report) – ​​Forward Air Solutions has leased 289,000 sf of industrial space from the Adkisson Group.

The facility​ on 21 acres at 18727 Kenswick Dr. includes four acres of trailer parking. A 132,00​0-sf expansion is planned. 

Lee & Associates represented the landlord. Fischer Co. represented the tenant. 

Multifamily Hub changes hands near downtown

DALLAS (Berkadia) – California-based Greenlaw Partners has purchased two multifamily properties totaling 624 units from Firestone MLP.

The Montage Apartments at 5414 Cedar Springs Rd. includes a pool, a laundry room, and gated access.

The Hub Apartments at 3136 Hudnall St. includes three pools, a courtyard, and gated access.

Both properties feature one-, two-, and three-bedroom floor plans across a combined 17.56 acres.

The communities are accessible via the Dallas North Tollway and are less than five miles north of downtown.​​​​
 
Communication Matters video seriesIn a series of four videos, the Real Estate Center at Texas A&M University explores what it takes to be an effective communicator. The presenter is Mays Business School Executive Professor John Krajicek.
 

To market, to market: Houston industrial property's new owner

​​​HOUSTON (NAI Partners) – A 125,000-sf industrial property at 8203 Market St. has been sold to 8203 MSR Properties LLC.

Belvoir Real Estate Group represented the buyer. NAI represented the seller, The Marston Companies' 8203 Market Street Road LLC. ​​

Platinum Corridor apartments sold

​FRISCO (Connect Media) – The Bascom Group has acquired Jefferson Stonebriar, a newly built, 424-unit ​multifamily community, from developer JPI. 

The Class A property consists of three residential buildings spread across nine acres. It is within the Platinum Corridor.​

Community amenities include a clubhouse, fitness center, theater room, pool, conference room, pet park, and a picnic area with an outdoor fireplace.
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Copyright © 2018, All rights reserved.
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 Real Estate 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 Real Estate 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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