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News – Austin

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

​SUGAR LAND – A joint venture between Transwestern Development Corp. and Diamond Realty Investments has acquired 20.8 acres for the development of Sugar Land Crossroads.

The warehouse/distribution project at the intersection of Dairy Ashford Rd. and W. Airport Blvd.​ will consist of two buildings totaling 326,792 sf. 

The buildings will offer 32-ft clear heights, shared trailer parking spaces, and a 255-ft truck court. 

Completion is slated for spring 2021.

Texas logoGet more Houston-area industrial news on the Real Estate Center's website:

​Source: REBusiness Online

​DALLAS – Canada-based Balfour Pacific Capital Inc. has purchased the 250,000-sf Toll Hill Office Park at 5310 Harvest Hill Rd.

The two-building office complex was built in the late 1970s on nine acres across from the high-rise Lincoln Centre development.

The seller, Cawley Partners, purchased the asset in 2014 and implemented a $3 million renovation project. 

Texas logoThe Real Estate Center has more on DFW's office market:

​​​RHOME – Dallas-based design-build firm Arco/Murray has completed a 47,000-sf high hazard facility for aeronautics firm Socomore.

The facility at 5475 E. TX 114 includes H-2 hazardous material production space, 10,000-sf of H-3 hazardous material production space, explosion-proof electrical fixtures, and a foam fire protection system. 

Texas logoThe Real Estate Center has more on DFW's industrial market:

​​​SAN ANTONIO – The metro’s housing market held strong last month following a year-over-year boom in January.

According to the San Antonio Board of Realtors, home sales rose 8 percent over the year to 2,282 homes in February. The month ended with 2,823 sales pending.

Inventory held steady at 3.2 months. The Real Estate Center considers six to 6.5 months of inventory a balanced market. 

The average home sales price was up 8 percent to $276,273 while the median sales price grew 6 percent to $238,000. 

Fluctuation in mortgage rates and uncertainty about job security and the economy due to the COVID-19 crisis will result in a slower-than-normal spring selling season, according to Meyers Research Chief​ Economist Ali Wolf.

Texas logoGet more San Antonio housing info on the Real Estate Center's website:

​​​Source: San Antonio Business Journal

​​​Numeric Population Change by County and Municipio

WASHINGTON – Six of the ten counties with the largest population gains this decade were in Texas, according to the U.S. Census Bureau’s ne​wly released July 1, 2019, population estimates.

Harris, Tarrant, Bexar, Dallas, Collin, and Travis Counties had some of the largest numeric population gains since 2010. 

On the list of top ten fastest growing counties by percentage since 2010, Texas had more counties than any state. Hays, Comal, Kendall, and Williamson all made the list. 

Over half (53.6 percent) of U.S. counties​ were smaller in 2019 than they were in 2010. Most small counties lost population this decade while most large counties gained people.

The Census Bureau's estimates provide data for the nation’s 384 metropolitan statistical areas, 542 micropolitan statistical areas, and 3,142 counties.  

Texas logoThe Real Estate Center has a wealth of economic information online for free.