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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

​​​​​​​​​McALLEN – The local industrial vacancy rate dropped to a record-low 3 percent in first quarter 2018, according to​ a CBRE market report. 

​​​Last quarter, 60,000 sf of industrial space delivered. Currently, 235,000 sf of space is under construction​. The market absorbed 78,779 sf, a 24,000-sf year-over-year increase. 

The average asking rate for local industrial space is $4.54 per sf, up $0.40 from first quarter 2017. ​

​​​​KERRVILLE – ​​The fifth annual Hill Country Land Stewardship Conference hosted by the Texas A&M AgriLife Extension Service is on April 26-27.

The conference will focus on topics such as fence laws, wildlife tax valuations, and hunting leases. 

"'Tools for the Trade' is the theme of the annual event featuring speakers on everything from grazing to prescribed fire and herbicide control to legal issues,”​ said Dr. Larry Redmon, AgriLife Extension program leader in College Station.​

Day one opens with on-site registration, check-in, and breakfast at 7:30 am with the program starting an hour later. Day two will be dedicated to tours. 

The conference costs $75 and includes all meals, break refreshments, and tour transportation​​ costs. It will be at the Y.O. Ranch Hotel at 2033 Sidney Baker St. 

​Information and registration is available through April 20 at agriliferegister.ta​mu.edu​ or 979-845-2604.​

​​WASHINGTON – Dallas and ​​Houston ranked third and tenth​ on the U.S. Environmental Protection Agency's​​​ (EPA) ​​Energy Star top cities list for 2017.

The EPA's list ranks the 25 U.S. metro areas with the most Energy Star-certified buildings that year. ​

​Dallas and Houston have 468 and 247 Energy Star-certified buildings, respectively. Austin was the only other Texas city in the top 25, ranking 17th with 130 certified buildings. 

Los Angeles (716 certified buildings), Washington (661), Atlanta (441), and New York (434) rounded out the top five. 

​​​​HOUSTON – Dallas-based Trammel Crow Co. and New York-based Clarion Partners have broken ground on phase two of Fallbrook Pines Business Park.

The two Class A industrial buildings will be 291,606 sf and 368,467 sf and will deliver in November. Locally based Powers Brown Architecture designed the buildings, and Katy-based Rosenberger Construction is the general contractor. CBRE is leasing the project.

The 127-acre Fallbrook Pines Business Park is near the intersection of Beltway 8 and SH 249 on Fallbrook Dr. The 709,000-sf first phase broke ground in late 2014 and delivered in October 2015. Phase one is fully leased. 

​TEXAS – Institutional Property Advisors (IPA) completed 12 multifamily transactions in Texas totaling 3,699 units for a total of $317 million in the first two months of 2018.  

The properties sold by IPA in Texas were: 

Dallas

  • Cantera Creek at Lake Highlands, 472 units 
  • Castle Rock Apartments, 160 units 
  • Churchill on the Park, 448 units
  • The Lantern at Lake Highlands, 340 units 
  • The Vive at Lake Highlands, 248 units 

Haltom City

  • Hidden Lakes Apartment Homes, 312 units
  • The Ranch at Fossil Creek, 274 units

Houston 

  • The Broadmoor, 235 units

San Antonio

  • Diamond Ridge, 304 units
  • Parkvista Apartments, 477 units 
  • Pearl Park Apartments, 188 units 
  • Somerset Apartments, 241 units