NSA Moves to Buy 953,000 SQFT San Antonio Cryptologic Campus from COPT Defense for $500MM
Federal budget records show the National Security Agency intends to convert two decades as a tenant on San Antonio's West Side into outright...
San Antonio Bets $1.7B on 850,000 SQFT Terminal C as Passenger Traffic Slides
Ten months after breaking ground, San Antonio International Airport's $1.7 billion Terminal C has reached roughly 80 percent of its steel framing and...
Stillwater Capital Pushes $750MM Haggard Farms Mixed-Use District Vertical in West Plano
Stillwater Capital and hospitality developer WoodHouse have started more than $300 million of vertical construction on Haggard Farms, a 142-acre farm-themed district that...
Blackard Cos. Pitches The Marco, a 143-Acre Venetian Village With 4,400 Homes, at Prosper’s Tollway Corner
Dallas-Fort Worth developer Jeff Blackard is asking Prosper to rezone 143 acres at the Dallas North Tollway and U.S. 380 for The Marco,...
San Antonio Clears $60MM Land Deal for Downtown Spurs Arena, Extends Midtown TIRZ to 2060
A divided San Antonio City Council committed up to $60 million in Midtown tax-increment funds to buy the former Institute of Texan Cultures...
Rice University Dedicates $54.5MM, 112,000 SQFT Virani Hall for Jones Business School in Houston
Rice University has dedicated the Asha and Farid Virani Hall, a 112,000-square-foot addition to its Jones Graduate School of Business that enlarges the...
EastGroup Buys 70 Acres in Frisco for $38MM, Expanding Frisco Park 121 to 1MM SQFT
EastGroup Properties has paid roughly $38 million for 70 acres in Frisco, nearly tripling its planned Frisco Park 121 campus from four buildings...
NewQuest Accelerates Retail Construction at $280MM Kyle Park Mixed-Use South of Austin
NewQuest is ramping up retail construction at Kyle Park, a $280 million, 101-acre mixed-use development on Interstate 35 south of Austin that will...
Airbnb Commits $6.4MM to Austin’s St. John Redevelopment, Launching $250MM National Housing Accelerator
The San Francisco-based short-term rental giant chose the long-stalled North Austin site off Interstate 35 as the debut deployment of a program designed...
Century Communities Opens 1,192-Home Mirabella Community on 318 Acres in Brookshire
Century Communities has opened Mirabella, a 318-acre community off FM 529 in Brookshire that will grow to nearly 1,200 homes, extending the Colorado...
Centurion American Deepens Denton County Land Bet With 828-Home Covey Creek in Aubrey
Centurion American Development Group's purchase of 168 acres near Aubrey for the 828-home Covey Creek community is the latest and smallest piece of...
Morgan Stanley Commits $1.3B to 709,000 SQFT Uptown Dallas Tower, Bridges at Downtown’s Fountain Place
Morgan Stanley is bridging into downtown's Fountain Place while Trammell Crow Company builds its Uptown tower, a staged commitment that reveals how Wall...
3L Real Estate Lands $16MM PACE Boost to Convert Historic Dal-Tex Building Into 120 Apartments in Downtown Dallas
A $16 million injection of clean-energy financing has pushed 3L Real Estate's conversion of the century-old Dal-Tex Building, the West End landmark overlooking...
The Woodlands Clinches $50MM Deal to Permanently Block Houston Annexation
The Woodlands Township has agreed to pay the City of Houston roughly $50 million to erase a 2057 deadline and make Houston's promise...
Simon Property Group Launches Ad Business Anchored by Houston’s Galleria and Texas Malls
Simon Property Group, owner of Texas retail landmarks including Houston's Galleria, Katy Mills and Grapevine Mills, has launched a media network that repackages...
Texas Clears 424 Miles of Transmission Across Private Ranchland, Setting Up a Land-Rights Reckoning
The Public Utility Commission of Texas cleared Oncor to build the state's first 765-kilovolt transmission lines across roughly 424 miles of largely private...
Texas Bets on Life Science Manufacturing as Bristol Myers Squibb Lands $2.3B Houston Campus
Texas is carving out a role as a life science manufacturing and translational hub, landing marquee projects like Bristol Myers Squibb's $2.3 billion...
Austin Clinches 20-Year, $200MM Whirlwind Wind Contract as Texas Power Demand Surges
The Austin City Council approved a 20-year power purchase agreement extension worth up to $200 million with Whirlwind Energy, locking in 60 megawatts...
Southern California Commercial Real Estate News
Stillwater Capital Pushes $750MM Haggard Farms Mixed-Use District Vertical in West Plano
Stillwater Capital and hospitality developer WoodHouse have started more than $300 million of vertical construction on Haggard Farms, a 142-acre farm-themed district that...
Hillwood Communities Lands 618 Acres Near Pilot Point for $1.2B, 2,000-Home Lantern Community
Hillwood Communities has closed on 618 acres outside Pilot Point to build Lantern, a $1.2 billion master-planned community of roughly 2,000 homes, doubling...
JLL Closes Sale of 1,138,000 SQFT Innovation Ridge Logistics Park in Forney
JLL Capital Markets has closed the sale of Innovation Ridge Logistics Park, a three-building, roughly 1.14-million-square-foot Class AA industrial development in Forney that...
Rice University Dedicates $54.5MM, 112,000 SQFT Virani Hall for Jones Business School in Houston
Rice University has dedicated the Asha and Farid Virani Hall, a 112,000-square-foot addition to its Jones Graduate School of Business that enlarges the...
Shell Lists 1.5MM SQFT Woodcreek Headquarters Campus for $325MM in Houston Sale-Leaseback
Shell is marketing its nearly 1.5-million-square-foot Woodcreek office campus in west Houston through JLL, seeking roughly $325 million in a sale-leaseback that would...
Stotan Industrial Enters Houston With $17.5MM, 345,000 SQFT Cross-Dock Warehouse Near IAH
A young Chicago developer has made its Houston debut, paying an undisclosed sum for a 20-acre industrial tract near George Bush Intercontinental Airport...
NewQuest Accelerates Retail Construction at $280MM Kyle Park Mixed-Use South of Austin
NewQuest is ramping up retail construction at Kyle Park, a $280 million, 101-acre mixed-use development on Interstate 35 south of Austin that will...
Flex Leases 310,000 SQFT at Blue Springs Business Park in Georgetown as Austin Manufacturing Momentum Builds
Flex Ltd., one of the world's largest contract manufacturers and a growing Austin employer, has leased the entirety of a 310,000-square-foot industrial building...
PowerHouse, Big Watt Advance Off-Grid 665-Acre Project Mustang Data Center Toward September Vote in Taylor
Project Mustang, a 665-acre data center campus powered by its own 477-megawatt natural gas plant instead of the ERCOT grid, is advancing through...
NSA Moves to Buy 953,000 SQFT San Antonio Cryptologic Campus from COPT Defense for $500MM
Federal budget records show the National Security Agency intends to convert two decades as a tenant on San Antonio's West Side into outright...
Blue Sky Bank Retakes Three San Antonio Properties in $26MM Foreclosure; Entrada Buys Silicon Drive Offices for $12MM
A foreclosure auction unloaded four San Antonio commercial properties for a combined $26 million on Aug. 4, resolving roughly $30 million in defaulted...
Air Force Taps Layton/Gensler for $1.4B, 2MM SQFT Dormitory Rebuild at Fort Sam Houston’s Medical Campus
The U.S. Air Force has selected the Layton/Gensler team to demolish and rebuild five aging dormitories at Fort Sam Houston's Medical Education and...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
McNellis: One House, One Spouse — A Guide to Wealth Preservation
Why razor-thin overhead and the 'one house, one spouse' rule are the keys to preserving wealth in real estate and in life.
McNellis: In Denial Over the New Normal
By John McNellis Developers always crash and burn in the movies. The eternal bad guy, the developers’ heinous plans to pave a beach,...
The Data Center Bargain: What Every Town Should Demand
Free power. Free heat. Clean water. The bargain every town should be demanding. By Billy the Broker (I just want to stay anonymous)...
McNellis: F*** Real Estate?
Publisher’s Note What began over a decade ago as a series of candid, sharp-witted articles written for The Registry has grown into one of the...
March’s Jobs Report and the Art of Misdirection
Behind the rosy March employment headline, a quiet exodus: nearly 400,000 Americans gave up on the job market in a single month. By...
Ventas Buys 178-Unit Heartis Mid Cities in Bedford as Caddis Venture Exits DFW Seniors Housing Asset
Ventas has acquired Heartis Mid Cities, a 178-unit independent living, assisted living and memory care community in Bedford, from a joint venture between...
158-Unit Bella Vista Park Sells in East Dallas as Value-Add and Lender-Owned Demand Climbs
The 158-unit Bella Vista Park apartment community in East Dallas has changed hands out of lender ownership, a transaction that points to the...
Laney Development Lands Final Approval for 95-Unit, $40MM Durango Apartments Tower Near Hemisfair in San Antonio
A nine-year-old entitlement on a half-acre downtown parking lot has grown from 13 stories to 17 and from $25 million to $40 million,...
Houston’s DealCo Acquires Granite Properties’ 215,000 SQFT Factory Six03 in Dallas’ Historic West End
Granite Properties has exited one of the most expensive office redevelopments in downtown Dallas, handing the 123-year-old Factory Six03 to a Houston adaptive...
Fidelis Breaks Ground This Fall on 200,000 SQFT Sprouts-Anchored Grand Imperial Marketplace in Spring
Bellaire-based Fidelis has locked down six national retailers in two months for a shopping center on the northern Grand Parkway, reviving a project...
ELITE Solar Files $15MM Plan to Convert 200,000 SQFT Mission Solar Warehouse at Brooks in San Antonio
A construction filing registered with the state in late August identifies Singapore-based panel maker ELITE Solar as the tenant behind a $15 million...
Allen Control Systems Leases 192,000 SQFT North Austin Plant to Scale Bullfrog Counter-Drone Production
Anti-drone defense startup Allen Control Systems, valued at $2.2 billion after a recent funding round, has leased a long-vacant 192,000-square-foot building in North...
3L Real Estate Lands $16MM PACE Boost to Convert Historic Dal-Tex Building Into 120 Apartments in Downtown Dallas
A $16 million injection of clean-energy financing has pushed 3L Real Estate's conversion of the century-old Dal-Tex Building, the West End landmark overlooking...
