Industry News
Appraisal Cuts S2 Capital’s 720-Unit The Kace in Grand Prairie to $82.9MM, Down 47% From 2022
A fresh appraisal pegs S2 Capital's 720-unit The Kace apartment community in Grand Prairie at $82.9 million, roughly $72.5 million below its 2022...
San Antonio Council Votes 9-2 to Require Case-by-Case Approval for Every New Data Center, Rejecting By-Right Option
San Antonio City Council approved an ordinance requiring a Specific Use Authorization for every new data center in eligible commercial and industrial zones,...
D.R. Horton Takes $91.4MM Multifamily Writedown as Rate Spike Hits Apartment Exit Values
Arlington-based D.R. Horton swung its rental segment to a fiscal fourth-quarter loss after writing down nine completed apartment projects, a sign that the...
Indeed Puts All 308,000 SQFT of Its Downtown Austin Indeed Tower Space on the Sublease Market, Consolidating at The Domain
Job-search company Indeed is now marketing its entire 308,469-square-foot, 10-floor lease at Kilroy Realty's 36-story Indeed Tower at 200 W. 6th St. for...
Simi Capital, Decker Capital Make Texas Debut With 361,000 SQFT Small-Bay Industrial Buy in Northwest Houston
A joint venture of Miami-based Simi Capital and small-bay specialist Decker Capital has made its first Texas play, closing on three multi-tenant industrial...
Prosper Council Unanimously Rezones 143 Acres for Blackard Cos.’ $2B Venetian-Style The Marco at Tollway and U.S. 380
The Prosper Town Council has unanimously approved zoning for The Marco, Blackard Cos. and Cawley Partners' planned $2 billion, 143-acre Venetian-inspired village with...
Southstar Communities Seeks $63.75MM in TIRZ Funds for $575MM, 1,543-Unit Lone Star Brewery Redevelopment in San Antonio
New Braunfels-based Southstar Communities has asked San Antonio for $63.75 million from two tax increment zones to jump-start its roughly $575 million plan...
San Antonio Pegs Convention Center Expansion at $850MM as New Exhibit Space Shrinks to 136,000 SQFT
San Antonio's Henry B. González Convention Center expansion now carries an $850 million price tag for 136,000 square feet of new exhibit space,...
Race Rock Breaks Ground on $100MM Brookshire Expansion, Growing Campus to 750,000 SQFT for Transmission and Substation Steel
Houston-based Race Rock has started work on a $100 million manufacturing expansion beside its existing fabrication shop in Brookshire, a bet that Texas...
Compal Electronics Seeks Williamson County Abatement for $200MM+ Taylor Plant and Georgetown Service Center Promising 1,000 Jobs
Taiwanese electronics maker Compal is asking Williamson County for a 10-year, 30 percent tax break on its planned manufacturing plant beside Samsung's Taylor...
San Antonio Committee Backs $7.5MM Midtown TIRZ Deal for McCombs’ $277MM Jones Avenue Project, Trimming $13MM Ask
A San Antonio City Council committee has approved up to $7.5 million in Midtown TIRZ reimbursements for McCombs Enterprises' $277 million Jones Avenue...
Transwestern Investments, NewQuest Start Construction on 413,000 SQFT Kyle Park Lifestyle Center Along I-35
Transwestern Investments and NewQuest have formed a joint venture and begun construction on Kyle Park, a 412,588-square-foot regional lifestyle center anchored by Dick's...
