GW Partners searches through the major Texas commercial real estate news media posts to put together a list of highlights on a quarterly basis. The CRE news highlights include the latest sales / acquisitions, big leases signed, and financing transactions that occurred in the region.
Texas Commercial Real Estate News Highlights Q1 2024
These Office Buildings Outpace the Overall Market, and They Have One Thing in Common
The office real estate vacancy rate in the United States reached 19.8% in Q1, which is a new record by Moody Analytics Inc. However, some properties are outpacing the pack, and there’s a big common thread. Read More
Apple Plans Multimillion-Dollar Revamp at Longtime Corporate Campus in North Austin
The tech giant is going against the grain as other tech companies are not investing as much in real estate. Read More
Coca-Cola Bottler Will Spend $168M on Expanding Its Ft Worth Industrial Plant
Coca-Cola bottling company is in plans to develop a huge expansion which is estimated to cost $168 million. They are planning to add two production lines and growing their warehouse from 150K to 400K SF. Read More
SpaceX, Bastrop Investing Millions on Wastewater Line in Plans to Mitigate Pollution Concerns with Elon Musk’s Various Projects
Elon Musk’s companies are facing a controversial issue for dumping treated wastewater directly into the Colorado River. Read More
Austin Approves Planned Acquisition of Tokyo Electron Campus for $87M
Months after Tokyo Electron put its huge Austin corporate campus for sale, it found a buyer. The city of Austin is negotiating the deal. Read More
Should Multifamily Real Estate Developers March to the Beat of Austin’s Jobs Growth?
Job growth doesn’t always guarantee that multifamily real estate developments keep in sync, according to a GlobeSt report. Read More
Atlanta-Based Developer Finishes Huge Logistics Hub in Dallas
Stonemont Financial Group, an Atlanta-based firm, finalized the development of Sunridge Industrial Park in Wilmer, near Dallas, TX. Read More
Fertitta Pays $450M for Mixed-Use Asset in Houston
Fertitta Entertainment Inc, a holding company owned by Tilman Fertitta, acquired River Oaks District. River Oaks District is 13.9-acre, 66oK-square-foot luxury retail and mixes-use property in Houston. Read More
JLL Capital Markets Close Transaction for 106K-SF Retail Center in Houston
JLL brokered the sale of Garden Oaks, a 106-858-square-foot, grocery-anchored shopping center in Houston. The retail center is anchored by Aldi with Planet Fitness, Dollar Tree, and Subway as other tenants. Read More
Texas Commercial Real Estate News Highlights Q4 2023
U.S. Shopping Center Vacancies at Lowest Level Since 2007
REJournals reports on the upbeat statistics showing that vacancy rates are at their lowest rate in over a decade. Read More
$5B in New Developments Are Set for Land Around the Downtown Dallas Area
Hunt Realty Investments is doubling down on its commitment to Downtown Dallas with the planned development of over $5B in assets. Read More
Over $2B of Development in the Pipeline for Downtown Fort Worth
While many central business districts are not doing very well Downtown Ft Worth is thriving. There are more than $2 billion in projects in the pipeline. Read More
Texas Medical Center Opens Their 1st Facility in Houston Life Science Campus
The new 250K-square-foot asset is part of a 37-acre life science campus called Helix Park. Read More
Texas CRE News Highlights Q3 2023
The highlights for Texas commercial real estate news during Q3 2023 include: a major multifamily portfolio acquisition, a couple Austin office real estate projects, possible development opportunities in Ft Worth, the much anticipated renovation of AT&T Stadium, and a massive expansion of office real estate leases in Houston.
Houston-Based Hines Seals the Deal for a $1.3B Tampa Stadium & Mixed-Use Real Estate Project
The Tampa Bay Rays are moving forward with a $1.3 billion stadium and mixed-use project that totals 86 acres of space. Hines, the Houston-based development firm, is set to be in charge of the redevelopment project. Read More
One of Austin’s Biggest CRE Projects Gets Green Light from City Council
Broadie Oaks, an old shopping center in South Austin with several towers, is going forward with a redevelopment after getting a green light from the city council. Read More
The Latest Stats & Outlooks for Texas’ Multifamily Market
Dallas Business Journal reports on the latest stats and outlooks for the multifamily real estate market in Texas. Read More
UDR Invests Over $400M In Five-Property Multifamily Portfolio
UDR splashes $401.9 million on five multifamily properties based in Dallas and Austin. The portfolio has 1,753 units total. Read More
St John Properties Set for New Office Real Estate Project in North Austin Area
St John Property has an 120K-square-foot office real estate project planned in Leander, north of Austin. It is set to be the suburban communities first Class-A office building. Read More
Tokyo Electron Set To Sell HQ Property and Find New Space In Austin
Tokyo Electron, the major semiconductor supplier, is moving in Austin. It is planning to move its home for 30 years to a smaller headquarters, but they don’t plan to decrease their output. Read More
Ft Worth Anticipating Development Opportunities with Unlocking of Tax Benefits in Certain Districts
Fort Worth’s City Council approved a set of special taxing districts on the west side of the city. This will most likely “unlock” several opportunities for development projects across “thousands of acres”. Read More
Another Major Company Is Moving Its HQ From California To Dallas
Thermomix is planning to move its office headquarters from California to Dallas, Texas. The Wi-Fi-connected kitchen appliances company joins a list of other major companies moving from CA to TX. Read More
The Major Refresh of AT&T Stadium in Dallas Is Set To Begin
AT&T Stadium is set to receive a makeover of $180M prior to the 2026 World Cup. The much anticipated refresh of The Dallas Cowboy’s home stadium is set to begin in January 2024. Read More
JPMorgan Chase Tower in Houston Signs Lease Expansion
Hines and Cerberus Capital Management recently announced 150K-square-foot lease expansion with 6 different deals in Houston’s iconic JPMorgan Chase Tower. The 1.65-million-square-foot office building is now 84% occupied. Read More
Texas CRE News Highlights Q2 2023
The highlights for Texas commercial real estate news during Q2 2023 include: the approval of a $2B convention center in Houston, several CRE property transactions, a major financing transaction, and other news around the region.
Company Plans $50M Data Center Expansion in North Texas
The $50 million expansion of a data center located on Lookout Drive will include improvements for two tenants that will cost around $25 million each. Read More
UTHealth Houston Breaks Ground on $300M Research Facility
UTHealth started work on a 10-story, 350,000-square-foot high-rise building that is estimated to cost around $300 million. The goal is for the facility to advance the school’s pursuit of “health promotion, disease prevention, creating sustainable access to affordable health care and training the next generation of leaders in public health sciences”. Read More
Conti Capital Invests $86M on Blackstone-Owned Rental Property in Dallas
Conti Capital acquired an apartment complex in Dallas from Blackstone Real Estate Income Trust (BREIT) that was build in 2015. The multifamily asset on 1350 N Greenville Ave has 408 units. Read More
Pegasus Park Will Add Thousands of Square Feet for Increased Lab Space
The developers involved at Pegasus Park are planning to triple the amount of lab space currently there with Bridge Labs, a 135K SF research facility set to open in 2024. Read More
MDH Inks $90M Loan for Industrial Acquisition in Houston
MDH Partners closed $90 million in financing for South Belt Central Building 4 in Houston and another out-of-state property. Read More
Texas State Approves $2B Convention Center in Houston
In an attempt to join other major cities across The United States that are investing tons of money into convention districts, Houston gets approval from Texas state to move forward with its convention center. Read More
Journeyman Teams Up With Credit Unions for Apartment Complex Development in Austin
Journeyman Group is planning to build a 285-unit affordable housing project in South Austin, and it has been looking around for credit unions to join the venture with their investment dollars. Seven credit unions may be inclined to do so. Read More
General Motors Set to Invest $500M in Arlington, TX Plant
General Motors (GM) confirmed that it wants to convert an entire electric vehicle fleet by 2035. They are taking a step in that direction with the investment of $500 million in its Arlington plant. Read More
Universal Studios Finds the Firm Set to Lead Design of a New $550M Theme Park in Frisco
Universal Parks & Resorts selected the architecture and design firm for its new family-focused theme park in Frisco with will have many attractions with a 300-room hotel on 97 acres of land. Read More
SkyWalker Property Partners Create New $250M Fund for Distressed Properties Across TX
SkyWalker Property Partners announced the launch of a $250 million fund that will be dedicated to acquiring distressed assets and newly developed CRE properties in Texas and other areas. Read More
