MUSTANG RIDGE – Clay Development & Construction Inc. will break ground this month on Mustang Ridge Distribution Center II, the first project in the 56.6-acre Mustang Ridge Business Park. The 218,400-sf rear-load distribution center will be on 15 acres at 6925 FM 1327 and U.S. 183, ten minutes south of Austin-Bergstrom Airport in the southeast Austin submarket. Mustang […]
Archives: May 2023
Ozarké to light up Garden Oaks with 26K-sf industrial lease
HOUSTON – Light fixture manufacturer Ozarké E-commerce LLC has leased 26,000 sf at Pine Forest 3. Transwestern represented the tenant and Prologis represented the landlord, Morris Realty Associates LLC. read more…
El Paso, Brownsville ports of entry getting federal funding boost
EL PASO – Two Texas ports will receive funding through the 2021 bipartisan infrastructure law: the Bridge of the Americas port of entry in El Paso and the Gateway International Bridge in Brownsville. The Bridge of the Americas—known in the region as the “puente libre,” or the “free bridge,” because it has no crossing tolls—will […]
Texas population growth ranks high nationally post-pandemic
AUSTIN – Texas and many of its counties continued with its strong population growth in the wake of the 2020 COVID-19 pandemic, reports the Texas Demographic Center. In 2022, Texas’s population surpassed 30 million and ranks second in the country behind California. The main driver of Texas’ population growth in 2022 was domestic migration, accounting for 49 […]
Why Today’s Housing Market Is Not About To Crash
There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very […]
Fluor engineers 'lucky 13' with Three Eldridge office building purchase
HOUSTON – Irving-based construction and engineering firm Fluor has signed a 12-year lease for the entire 308,186-sf Three Eldridge office building at 737 Eldridge Pkwy. Fluor will move into the 13-story building this summer. Granite Properties represented the landlord, while Cushman & Wakefield represented Fluor. read more…
Two Alcott Station industrial buildings sold
MESQUITE – BentallGreenOak has purchased two industrial buildings totaling 918,213 sf 1515 N. Galloway Ave. Buildings B and D at Alcott Station, a 160-acre development by Urban Logistics Realty, total 325,218 and 592,995 sf, respectively. When sold, Building B was vacant and Building D was fully leased to RJW Logistics Group. CBRE represented Urban Logistics Realty. […]
Westcore picks up Cowtown industrial trio
FORT WORTH – Westcore, a San Diego-based investment firm, has acquired three industrial buildings totaling 485,330 in North Quarter 35. Buildings one, two, and four were all fully leased when sold. Developed by M2G Ventures, North Quarter 35 has a mix of shallow-bay, rear-load, and cross-dock buildings totaling 645,000 sf. Stream Realty Partners represented the seller. Westcore […]
157K-sf industrial development underway in north Houston
HOUSTON – Brennan Investment Group will develop a 157,300-sf industrial project on a 10.8-acre site at 500 N. Sam Houston Pkwy. W. The rear-load building will have 32-ft clear heights, an ESFR sprinkler system, and ample trailer parking. Completion is slated for third quarter 2024. read more…
Developer aims for the sky with Cielo master-planned community
CONROE – The Signorelli Co. of The Woodlands has broken ground on an 850-home master-planned community near 10505 Airport Rd. Called Cielo, the community will have 45 acres of green spaces and lakes. Signorelli has started adding water, sewage, and drainage infrastructure to the 256-acre community and expects to turn over lots to homebuilders by August. […]