NEW BRAUNFELS – New Braunfels ISD has broken ground on the first phase of a replacement campus for New Braunfels High School. Located at 2552 Loop 337, the 196,000-sf facility will have a three-story classroom wing, new commons area and library, and state-of-the-art career, technical, and general education classrooms. Phase one funding will be provided through the November […]

​HOUSTON – An Arizona-based REIT has acquired Space City Self Storage, a 400-unit facility at 13123 Hiram Clarke Rd. The facility consists of nine buildings that house 225 non-climate-controlled units and 175 climate-controlled units for a total of 57,545 net rentable sf. Marcus & Millichap brokered the sale.​ read more…

LONGVIEW – Dallas Plastics will soon expand its plant on Jordan Valley Rd. The expansion will cost $2.8 million, adding material storage space and production equipment. It will create 19 jobs. Mesquite-based Dallas Plastics’ products are used by the medical, food, and industrial markets. Their plant has been in Longview for years.​ read more…

​TEXAS – According to a new report from StorageCafe, the most active cities for real estate development over the past decade are in Texas. No. 1. Houston. Space City’s real estate market is firing on all cylinders, pushing it ahead of every other major city across the U.S. in terms of inventory expansions. Supported by […]

DALLAS – Home prices have declined after a decade of growth, according to the S&P CoreLogic Case-Shiller Index. Home prices in March fell 1.2 percent from the previous year. They have fallen 7.5 percent since last June, when they peaked, but increased from February to March. This is the first year-over-year decline since February 2012. The median price for […]

DALLAS – Two warehouses will be added to Trinity West Business Park. The two buildings, which cost ​a combined $40 million, will total one million sf. The 763,960-sf building will be occupied by Ryder Trucking, while the other will house operations of Dallas County. The developer is Houston-based Lovett Industrial, who has built a total of […]

KINGWOOD – Dhanani Private Equity Group has acquired Kingwood Commons, a retail center at Kingwood Dr. and Loop 494, from Kite Realty Group Trust. The 165,000-sf property sits on 17 acres. It is currently 55 percent vacant. Tenants include Pei Wei, Carrabba’s, Pizza Hut, Petco, Massage Envy, Talbots and Jos. A. Bank. CBRE represented Dhanani in the […]

THE WOODLANDS – A two-property office portfolio totaling 153,294-sf on nearly ten acres has been sold to a private asset management firm. The properties at 10200 Grogans Mill Rd. and 1610 Woodstead Ct. are 66.7 percent leased overall.​ read more…

MANOR – Plans for Valley Park, a 600-acre public park in the $2 billion Whisper Valley housing subdivision, are underway. The project will be just off the SH 130 tollway along FM 973 and extend east of Taylor Ln. Plans for the space include picnic areas, manicured open space, playgrounds, shade structures, restrooms, decomposed granite trails, […]