WACO – The Heart of Texas Behavioral Health Network (HOTBHN) has received $8 million from the state legislature as part of House Bill 1 appropriation. The Imperial Drive Health Campus’s Diversion Center, a 27,500-sf facility, will be the center point for crisis services and is due for completion sometime this fall. “This will allow us to provide […]
Archives: August 2023
Chevron Phillips moving HQ, staying in The Woodlands
THE WOODLANDS – Chevron Phillips Chemical is moving its headquarters but remaining in The Woodlands. The company, whose global HQ is currently at 1001 Six Pines Dr., has purchased a six-story building at 9500 Lakeside Blvd., about two miles away. The new location will get a $60 million makeover before Chevron Phillips moves in. The Lakeside Blvd. […]
Four Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights Report […]
Resort operator plans Cowtown expansion
FORT WORTH – A resort and spa operator has announced a decade-long expansion plan including a partnership with a New York-based entertainment company. The New Canyon Ranch Wellness Club on Camp Bowie Blvd. will open in late 2023 and have a fitness center, spa and beauty facilities, and a member lounge for its 1,000 members. […]
292-unit self-storage facility sold in Houston
HOUSTON – Holliday Boat & RV Storage, a 292-unit facility that is on a two-parcel, 5.2-acre site at 17818 French Rd., has sold. Built in phases between 1990 and 1994, the property has 243 non-climate-controlled units and 49 outdoor parking spaces for a total of 73,993 net rentable sf. Marcus & Millichap represented the seller and […]
Tesla inks 64K-sf lease in The Woodlands
THE WOODLANDS – Tesla has signed a 64,000-sf lease for a showroom and service center in Windvale Center at 9420 College Park Dr. The new facility has an estimated renovation cost of $3.5 million. Completion is expected in March. read more…
$1B mixed-use Dallas development begins construction next March
DALLAS – The first phase of a six-acre mixed-use development with an 18-story office tower and 25-story multifamily high-rise will begin construction in March and be completed in 2027. Totaling 915,200 sf and costing $350 million, the office and 300-unit apartment will have an above-ground podium garage and ground-level retail. The Field Street District between McKinney Ave. and Corbin […]
Microsoft plans $230 million data center project north of Castroville
CASTROVILLE – Microsoft plans to open two data centers—dubbed “SAT 80″ and “SAT 81″—at 188844 FM 1957, according to filings with the Texas Department of Licensing and Regulation. Located about ten minutes north of Castroville, the development is projected to cost $230 million. The company plans to build a 106,000-sf campus with an administrative building […]
Allen's new 80-acre mixed-use development coming soon
ALLEN – A planned mixed-use development will start construction in December, beginning with its first apartment community. The five-story apartment community will have 325 units and cost $75 million. It will open in 2025 as part of The Avenue development, which will include 1,600 residential units, one million sf of office space, retail, and single-family homes […]
NAR report: Texas ranks high for foreign homebuyers
WASHINGTON – Texas and California tied as the second-most popular states for residential purchases by foreign buyers, according to a recent international transactions report from the National Association of Realtors. From April 2022 to March 2023, foreign buyers were responsible for $53.3 billion in residential purchases in the U.S., picking up 84,600 existing homes throughout the […]