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Entries from May 31st, 2012

Cinnamon Shore expands on Mustang Island

May 31st, 2012 · Comments Off · Corpus Christi, Multifamily

PORT ARANSAS – The developers of Cinnamon Shore are finishing construction of the second building of Town Center Residences, dubbed Three Town Center (3TC). Located at 140 Social Circle, the condo building will feature 15 units.

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Arbor Oaks at Crestview update in Bryan

May 31st, 2012 · Comments Off · College Station-Bryan, Senior Living

BRYAN – The $13.2 million, 130,096-sf final phase at the Arbor Oaks at Crestview, at 2505 E. Villa Maria Rd., is well underway.

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El Paso Walmarts Walmarts everywhere

May 31st, 2012 · Comments Off · El Paso, Retail

EL PASO – A Walmart Neighborhood Market is now open at 4716 Hondo Pass Dr. The 42,000-sf store cost $2.3 million to build, according to state filings.

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Dyna-Drill gets new digs in Katy

May 31st, 2012 · Comments Off · Houston-Sugar Land-Baytown, Industrial

KATY – Dyna-Drill Technologies Inc. is moving its headquarters to a 300,000-sf facility at Colonial Pkwy. and Grand Pkwy. just north of I-10. The building is triple the size of its current headquarters and includes manufacturing and research an …

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Austin makes list of strongest economies

May 31st, 2012 · Comments Off · Economy, Houston-Sugar Land-Baytown

AUSTIN – Austin has the fifth strongest economy in the United States, according to Policom Corp. The study considered 23 different economic factors over a 20-year period and determined the cities that have the best economic foundation. It used …

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Groundbreaking new ER in Fort Worth

May 31st, 2012 · Comments Off · Dallas-Fort Worth-Arlington, Medical

FORT WORTH – Texas Health Harris Methodist Hospital has broken ground on a $57.7 million emergency department at W. Terrell and Fifth Ave., just south of the existing emergency department. The new facility with encompass 75,000 sf on three floo …

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Vital signs improve for SA’s medical-office market

May 31st, 2012 · Comments Off · Medical, San Antonio

SAN ANTONIO – The health care and bioscience industry is a motivating force behind a new round of local construction projects.

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Construction on I-35 bridge over Brazos to launch in July

May 31st, 2012 · Comments Off · Infrastructure & Transportation, Waco

WACO – Construction on two I-35 frontage road bridges over the Brazos River — part of a $212.4 million project — is expected to start in July and finish by fall 2014. The bridges are part of the project that will also widen I-35 fro …

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NAI REOC San Antonio 1Q 2012 medical report

May 31st, 2012 · Comments Off · Medical, San Antonio

SAN ANTONIO – Local medical vacancy is trending downward while investment and development activity is moving up, according to NAI REOC San Antonio. In addition, rental rates are on the rise.

New leases and expansions in the first three months generated 35,257 sf of positive net absorption in the medical office market. The citywide average quoted rent is up $0.59 compared to first quarter 2011 for a moderate annual increase of 2.6 percent.

The largest project under construction is Victory Healthcare’s $49 million project to feature a 95,000-sf facility including 65,000 sf of hospital space.

Methodist Healthcare is planning a $44 million expansion at its Metropolitan Methodist Hospital. CHRISTUS Santa Rosa announced plans to reposition its downtown campus into a children’s hospital and research center.

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Fort Worth new equestrian center ready at the gate

May 31st, 2012 · Comments Off · Dallas-Fort Worth-Arlington, Public Facilities

FORT WORTH – The new $32 million equestrian multipurpose building at Will Rogers Memorial Center will officially open on June 6.

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