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News – San Antonio

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

Rendering of Gregg Ranch in Marble FallsMARBLE FALLS – Harvard Investments is developing Gregg Ranch, a 240-acre, master-planned community in Burnet County near the intersection of SH 281 and SH 71.

The development will have 700 single-family homes and 550 multifamily units. 

The project's central community area will have an outdoor pool, covered porch, barbeque area, dog park, games such as bocce ball and horseshoes, and jogging and biking trails.

Pulte Homes is the community's first builder. It will begin pre-sales on the first 100 homes this year.

texaslogo.pngThe Real Estate Center has more information on housing:​

​​​​​​​​Rendering of the Texas Tech School of Veterinary Medicine AMARILLO – The Texas Tech University System Board of Regents has approved $90 million for the Texas Tech School of Veterinary Medicine.

The 185,000-sf, two-story vet school building will accommodate 400 students and include break-out rooms and office suites.

Construction will be complete in fall ​​2021.

Texas logoThe Real Estate Center​​​​ has more information like this online for free:

​Source: News Channel 10​

​​​​​​​Distribution center at 1150 Schwab Rd.SCHERTZ – HPI Real Estate Services & Investments has purchased a vacant 409,685-sf distribution center at 1150 Schwab Rd. along the I-35 corridor.

According to LoopNet Inc., the site was developed in 2008. It includes 78,500 sf of office space and land for future expansion.

NAI Partners represented the seller. 

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

​​Source: REBusiness Online​

​AUSTIN – Texas' unemployment rate inched up a tenth of a percentage point over the month to 3.5 percent in December, breaking a five-month streak of record-low unemployment, according to the Texas Workforce Commission. 

Texas employers added 29,800 jobs in December and 342,800 jobs over 2019, an annual employment growth rate of 2.7 percent last month. It has held above 2 percent since February 2018.

The Texas metro with the lowest non-seasonally adjusted unemployment rate was Midland at 2.1 percent. McAllen-Edinburg-Mission had the highest at 7 percent.

The construction industry had the most seasonally adjusted growth in employment from December 2018 to December 2019, growing 7.​​​​​​​​​​4 percent. The mining and logging and information industries were the only two sectors to see a drop in employment, falling 3.8 and 1.2 percent, respectively.

Texas logoIf you're looking for more news like this, head to the Center's website.

​​​AUSTIN – Texas ranked second in the nation for relocation activity in 2018, according to Texas Realtor's 2020 Texas Relocation Report.

"For the sixth year in a row, more than half a million people chose Texas as their new home," said 2020 Texas Realtors Chairman Cindi Bulla. She cited the state's business-friendly environment and diverse culture as primary drivers.

According to the report, which analyzes the latest migration data from the U.S. Census Bureau and U-Haul, Texas welcomed 563,945 new residents in 2018. 

The net gain of out-of-state residents increased 78.1 percent from 57,173 in 2017 to 101,805 residents in 2018.

Among U.S. states, the highest number of new Texans came from California (86,164), Florida (37,262), and Louisiana (29,108). The number of people who relocated from California to Texas increased by 36.4 percent compared with 2017. 

At the metro level, Los Angeles-Long Beach-Anaheim, New York-Newark-Jersey City, and Chicago-Naperville-Elgin produced the highest volume of residents relocating to Texas​.

Dallas-Fort Worth-Arlington had the highest number of incoming residents from out of state (200,966). At the county level, Harris County led the state with a net gain of 80,572 out-of-state residents.​

The Lone Star State also welcomed 201,559 new residents from outside the United States in 2018. 

Texas ranked third nationally for the number of residents moving out of state (462,140) in 2018. The most popular out-of-state relocation destination for Texans was California (37,810), followed by Oklahoma (31,551) and Colorado (26,930).​​

Texas logoIf you're looking for more news like this, head to the Center's website.