Texas in the News

Texas News & Happenings

  • CBRE: new warehouses sized for efficiency
    on December 11, 2017 at 11:50 pm

    ​​​U.S. – Demand for efficient logistics space that facilitates quick movement of goods to consumers has caused warehouses to increase in size and height. The average new warehouse completed in the U.S. between 2012 and 2017 increased by 108,665 sf (143 percent) and 3.7 feet in ​height since the last development peak between 2002 and 2007. Distribution markets that serve major population regions and have land for new warehouses saw building sizes increase the most, including Atlanta, the Inland Empire and Cincinnati. Rapidly growing e-commerce sales are the primary driver of this trend, and markets lacking sufficient modern logistics facilities have further expansion potential ahead to keep pace with this rising demand. […]

  • What's on the Horizon in Rockwall?
    on December 11, 2017 at 11:35 pm

    ​​​ROCKWALL – A ​new luxury community will get underway during Dec. 2017 on one of the last tracts of developable land in the harbor-side urban district.Upon completion, the Harbor Urban Center Apartments will be four-stories and comprise 228 units.The apartment community will sit on a 2.14-acre tract at the southeast corner of Summer Lee Dr. and Horizon Rd., just south of I-30.The community's amenities include a rooftop garden with views of Lake Ray Hubbard.The project's construction only is estimated to cost $29 million, according to TDLR.​​ […]

  • Briggs Ranch apartments on par for course
    on December 11, 2017 at 11:30 pm

    ​​​SAN ANTONIO – Falcon Group will break ground first quarter 2018 on a 312-unit garden-style apartment complex at the master-planned Briggs Ranch community .Called Asten Briggs Ranch, the 15-acre development will be off SH 211 next to the Golf Club of Texas. The apartments will range from one-bedroom, 736-sf units to three-bedroom, 1,411-sf units. The community will include 14 separate three-story apartment buildings along with a club house, fitness center, bicycle storage area, business center, gaming tables, resident lounge and a chef kitchen.A 3,800-sf retail building is also being planned adjacent to the club house. The developer plans to complete the community in mid-2019.​ […]

  • Pending move: USAA to Alamo City's downtown
    on December 11, 2017 at 11:15 pm

    ​​SAN ANTONIO – Pending City Council approval of a municipal incentives package, USAA plans to move as many as 2,000 workers to its downtown office towers—One Riverwalk Plaza and Bank of America Financial Services Center.The deal calls for the San Antonio-based financial services giant to expand its local workforce by as many as 1,500 new positions over five years. The municipal incentives package includes a $4 million economic development loan and a tax abatement of up to $2 million. In return for the incentives, USAA has agreed to spend at least $70 million in improvements for its two downtown buildings, including an expansion of its One Riverwalk parking garage.The tax rebate amount, which is capped at $2 million, is tied to the number of jobs USAA creates within five years.Currently, USAA has about 200 employees at One Riverwalk and already planned to move another 400 personnel into that building next year. ​ […]

  • Indian-focused active-adult community to Aliana
    on December 11, 2017 at 11:05 pm

    ​HOUSTON – A Florida-based developer, ShantiNiketan, is hoping break ground on its first Indian-focused active adult community in Houston in 2018.The developer found a tract of available land in Aliana, a master-planned community about 30 miles southwest of Houston. ShantiNiketan hopes to close on land in late December or early 2018 and break ground on the active-adult community shortly after.The Houston ShantiNiketan community will include 120 garden-style units that all contain three bedrooms and two bathrooms. The 1,500-sf units will be up for grabs for anywhere between $250,000 and $300,000; from there, residents will then pay around $300 per month for breakfast, lunch and dinner served every day of the year.The age-restricted, 55+ community mostly winds up catering to retired engineers and doctors of Indian origin. […]