NewsTalk Texas


Texarkana 2014 NAI American Realty Report 

(12/9/2014 7:00:00 AM)

TEXARKANA - The economy continues to remain vibrant and healthy and the unemployment rate for October 2014 was 5.1 percent, well below the 5.8 percent national average, according to the 2014 report released by NAI American Realty.

The yearly commercial real estate report looks at retail (neighborhood service centers, regional malls), office (suburban Class A) and industrial (bulk warehouse, manufacturing). Data include rent per square foot,

Development Land
Category Low/Acre High/Acre
Office in CBD $22,000 $50,000
Land in Office Parks $185,000 $250,000
Land in Industrial Parks $10,000 $30,000
Office/Industrial Land - Non-park $20,000 $40,000
Retail/Commercial Land $200,000 $870,000
Residential   $14,000 $80,000

For more on office, retail, industrial and development land, click here to see the full report from NAI American Realty.

Don't forget, you can find more information for all categories at Texarkana Market Data Sources.
Texas real estate news

Texarkana apartment market overview Oct. 2014 

(12/2/2014 6:57:00 AM)

TEXARKANA - Apartment MarketData Research Services LLC has released October 2014 data. The multifamily market data represent three months trailing (August–October 2014).

As a rule these represent all properties except those that are leased but not occupied units.

Multihousing Market Condition Comparison Aug.–Oct. 2014
Texarkana Texas
Units Occ. Rate* Size** Units Occ. Rate* Size**
< 1970 68 95.6% $0.681 710 132,294 96.4% $0.852 832
1970's 1,384 91.5% $0.604 820 383,819 95.8% $0.841 818
1980's 1,282 91.5% $0.732 788 488,257 96.9% $0.928 780
1990's 478 95.4% $0.645 737 226,024 97.4% $1.080 922
2000's 621 93.9% $0.653 1,064 366,007 97.4% $1.046 963
2010's 247 87.4% $0.459 1,176 70,963 97.2% $1.194 927
Totals* 4,080 92.1% $0.643 857 1,667,364 96.8% $0.966 859

Rate: Rental Rate is the average market rate expressed as ($/SF/month).
Size: The average size of each unit expressed as (SF/unit).
*Totals include four-bedroom units.

Click to see the full October 2014 Texarkana Multihousing Market Conditions Report, including previous data.

Source: Apartment MarketData Research Services LLC, San Antonio

Remember, this report and other data are available under Texarkana Market Data Sources.

$5.5M Hospice of Texarkana breaks ground 


TEXARKANA, TEX. - Hospice of Texarkana has broken ground on a $5.5 million, 22,000-sf Inpatient Care Center at 2223 Galleria Oaks Dr. Construction is expected to be complete in 18 months.

The new facility will include 12 patient rooms, a family mediation area, a chapel and a grief counseling room. Hospice of Texarkana will be the only free-standing hospice center within about 70 miles.

Read more at KTBS-TV.

Walmart adding two Neighborhood Markets in Texarkana 


TEXARKANA, TEX. - Walmart is currently building two Neighborhood Market stores, which are about 38,000 sf each, in Texarkana.

One store, costing an estimated $1.7 million, will be located 3520 Richmond Rd. The other will be at 1918 College Dr. and will cost an estimated $1.5 million to build, according to state filings. Both stores are slated for completion in early 2015.

While Walmart is well-known for its giant Walmart Supercenters, the world's largest retailer is now accelerating plans for smaller stores across the country.

The company plans to open up to 300 smaller retail stores, called Walmart Express and Neighborhood Markets in 2014, including five in the Texarkana region.

Walmart Express stores, which are typically about 12,000 sf, will also be built in Redwater, Dekalb, and Naples.

Read more at KTBS.

Texarkana Apartment MarketData stats: May 2014 

(7/8/2014 6:15:00 AM)

TEXARKANA, TEX. - Apartment MarketData Research Services LLC released May 2014 data. The multifamily market data represent three months trailing (March–May 2014).

As a rule these represent all properties except those that are leased but not occupied units.

Multihousing Market Condition Comparison
Texarkana Texas
Units Occ. Rate Size Units Occ. Rate Size
< 1970 68 95.6% $0.681 710 134,614 96.5% $0.837 832
1970's 1,384 91.5% $0.604 820 385,921 95.7% $0.818 818
1980's 1,282 91.5% $0.732 788 489,131 97.0% $0.906 780
1990's 478 95.4% $0.645 737 225,076 97.6% $1.064 922
2000's 621 93.6% $0.649 1,064 365,322 97.4% $1.032 963
2010's 124 96.8% $0.463 1,170 62,245 97.3% $1.176 926
Totals 3,957 92.5% $0.651 847 1,662,309 96.8% $0.946 858

Rate: Rental Rate is the average market rate expressed as ($/SF/month).
Size: The average size of each unit expressed as (SF/unit).

Click to see May 2014 Texarkana full report, including historical data.

Source: Apartment MarketData Research Services LLC, San Antonio

Remember, the report and other data are available under Multifamily in Texarkana Market Data Sources.

Texarkana's 22,080-SF Cash America Pawn sold 


TEXARKANA, TEXAS - The 22,080-sf Cash America Pawn at 3501 N. Stateline Ave. has been sold. Traffic counts exceed 28,000 vehicles per day at the site, which is on a major north-south thoroughfare.

The property’s building benefits from its excellent frontage, visibility and access. Other tenants in the immediate area include AutoZone, Regions Bank, O'Reilly Auto Parts, Walgreens, CVS Pharmacy, McDonald's, Burger King, Taco Bell, KFC, Dollar General, Pizza Hut, RaceTrac and Stripes.

Source: Marcus & Millichap

Texarkana building permits: year-end 2013 


TEXARKANA, TEXAS - The City of Texarkana has released its year-end 2013 building permit data.

# of
Texarkana Building Permits:
Year-end 2013
34 $6,687,025
15 $15,029,000
Total* 577 $40,844,204

* includes all permit types

Source: City of Texarkana

Arkansas' Hope Community College campus to Texarkana 


TEXARKANA - The University of Arkansas System Board of Trustees has approved the construction of an 18,000-sf to 20,000-sf educational facility on the University of Arkansas Community College at Hope’s Texarkana Campus, located along I-30 at 3501 U of A Way.

The new facility at UACCH-Texarkana will facilitate the College’s plans to expand program offerings to meet the needs of its growing student population, which has increased 35 percent from the fall of 2012 to fall of 2013.

Funding for the new facility was provided by the 89th General Assembly. Construction will begin in early 2014.


Texarkana HealthCARE Express to 16,000 SF 


TEXARKANA, TEX. - HealthCARE Express at 3515 Richmond Rd. has started the two-story expansion at the facility that will see the addition of many medical services. Construction on the 16,000-sf facility is expected to be complete in March 2014. The estimated cost of construction is $2 million, according to state filings.

The clinic on the first floor will have an additional nine exam rooms dedicated to serving occupational medicine patients.

The second floor of the expansion will serve as the headquarters for HealthCARE Express and will house the administrative offices, billing office and a training facility that will serve as the hub for training at all HealthCARE Express locations.

The two-story expansion will be built behind the existing facility, and the current facility will remain open and serving patients during the construction.


Residence Inn underway in Texarkana 


TEXARKANA, TEX. - The new five-story, 87,000-sf Residence Inn by Marriott is going up at 3900 St. Michael Drive. The 121-room Residence Inn, located at I-30 and US 59, will open in early 2014.

NewcrestImage is the developer of the $5 million structure.

This site was formerly the location of the Cinemark movie theatre.

Read more at NewcrestImage and the City of Texarkana.

Listen to Podcast 180 for this story...and more! 

I-49 to connect Texarkana to Louisiana 


TEXARKANA, ARK. - Construction of I-49 from Texarkana to the Louisiana border is scheduled to begin before the end of May 2013.

The final contract was awarded to I-Highway Construction Inc., a Colorado construction company, for $16,110,526. The project should be complete by spring 2015.

The purpose of the project is to construct a four-lane divided roadway on 4.2 miles of Hwy. 71, south of Doddridge. The work will extend from the Louisiana state line to Doddridge, south of Texarkana.

This is the final project from Texarkana to Louisiana and eventually will be a part of I-49. This combined with the completion of the northern loop in Texarkana, Ark., will provide a four-lane divided interstate-type roadway from Louisiana to Hwy. 71 north of Texarkana.

Read more at the Texarkana Gazette.

Rodeway Inn gets new owner in Texarkana 


TEXARKANA, TEX. - Rodeway Inn, a 74-room hotel property located at 5105 North Stateline Ave., has been sold to a private investor. The two-story hotel was constructed in 1985 and operated as a Comfort Inn until 2007.

Marcus & Millichap Real Estate Investment Services managed the sale of the property.

Source: Marcus & Millichap

TAMUT gets farm; Texarkana college gets Robison campus 


TEXARKANA - Texas A&M University-Texarkana (A&M) and Texarkana College (TC) announced a building and land swap.

With the swap, the university will convey all of its property on Robison Rd. to Texarkana College including the Aikin Building, the academic building, 3.25 acres near College Bowl and the Moss Library. In exchange, the university will receive the college’s farm and $340,000.

The college will lease the academic building until July 31, 2016, then pay $340,000 to finalize the deal.

It make sense for the university to make this arrangement before planning on future construction at the University Drive campus, according to A&M System Chancellor John Sharp.

In the 1970s, A&M and TC shared the Robison Rd. location. A&M, then East Texas State University, served upperclassman, and TC served those seeking an associate degree or certificate.

With the state’s approval of A&M accepting freshman and sophomore students, the university began construction of a new campus at Bringle Lake. The university moved most of its business to the University Dr. in July 2010, after it first building was completed. The buildings have sat empty since.

The college’s farm is near Redwater. The college has owned the property since the 1970s, and for years it served as a place for students to study farm animals and plants. However, in the last decade, it has not been used as it once was.

Read more at the Texarkana Gazette.

Texarkana Convention Center business booming 


TEXARKANA, TEX. - Since the Texarkana Convention Center opened Oct. 5, 2011, business has been booming. The facility has brought 65 jobs and increased sales tax revenue.

“We have been very, very busy since opening the Hilton Garden Inn and Texarkana Convention Center,” said Jack Daugherty, principal of Daugherty Property Group.

The 24,500-sf space has served more than 90 groups since opening, with more than 10,000 attendees.

The more than 12,000-sf Grand Ballroom seats 1,000 people for a banquet or 1,200 for a reception. As a theater, the ballroom can seat 1,330 people.

The attached 98,086-sf Hilton Garden Inn has 154 rooms, a pool and restaurant. The entire project cost was $24 million and was funded through hotel taxes, according to previous stories.

Read more at the Texarkana Gazette.

Grant for military vehicle training in Texarkana 


TEXARKANA, TEX. - Texarkana Community College received a $300,000 grant donation from the Horace C. Cabe Foundation to benefit the Texamericas Center.

The grant will be doled out in increments of $100,000 a year for the next three years. Located near the Red River Army Depot, the center is designed to educate and train both the workforce and students to work on various military vehicles.

Read more at KSLA.

New Boston biorefinery facility purchased by REG 


NEW BOSTON, BOWIE COUNTY - Renewable Energy Group (REG) has acquired a 15 million gallon-per-year biorefinery at 280 Texas Ave. The company paid $300,000 in cash and issued 900,000 shares of its common stock to North Texas Bio Energy for the multi-feedstock biorefinery 22 miles west of Texarkana.

The purchase marks REG’s second Texas biodiesel production facility, following a 2008 acquisition of a Houston-area plant.

The New Boston facility began production in June 2008 and sat idle for four years.

The plant will undergo some construction and minor upgrades prior to the facility’s start-up, which is expected in first quarter 2013. REG expects to hire nearly 20 full-time, green-collar employees, providing family wage jobs and full benefits.

Other indirect jobs include truck drivers for the hundreds of inbound and outbound trucks that will channel through the plant each month.

Source: Renewable Energy Group

Read more at the Longview News-Journal.

Hospitality heads to Texarkana Convention Center 


TEXARKANA, TEX. - The new Texarkana Convention Center is set to open October 8 at 4610 Cowhorn Creek Rd. Officials say the 25,000-sf facility has a 12,000-sf ballroom, two meeting rooms, and a patio and pavilion for outdoor events.

The attached 98,086-sf Hilton Garden Inn has 154 rooms, a pool and restaurant. The entire project cost was $24 million and was funded through hotel taxes.

The project is a partnership between the City of Texarkana, Texas and the Daugherty Property Group. See Texarkana building permits for more.

Across the state line, construction continues on the $18 million Texarkana Arkansas Convention Center and Holiday Inn Hotel at 5200 Convention Plaza Dr.

Read more at KTBS and the Texarkana Gazette. For more news about Texarkana MSA, see NewsTalk Texas.

Texarkana leads Texas in job growth 


TEXARKANA - The Texarkana metropolitan statistical area (MSA) led Texas in job growth as a percentage from July 2011 to July 2012, according to the Real Estate Center at Texas A&M University. Texarkana experienced 7 percent employment growth during that time.

Other MSAs in the top five include Odessa at 6.8 percent, Corpus Christi at 4.3 percent, Midland at 3.8 percent and Tyler at 3.3 percent.

The bottom five of the 25 total MSAs include Killeen-Temple-Fort Hood at 0.0, Wichita Falls with -0.3, the Beaumont-Port Arthur with -0.6, Abilene with -0.8 and the Brownsville-Harlingen area with -3.6.

Overall, the state of Texas experienced 2.2 percent job growth.

Read more at the Texarkana Gazette.

REIT buys Texarkana medical office for $6M 


TEXARKANA - American Healthcare Investors and Griffin Capital Corporation have purchased the 32,000-sf medical office building at 1902 Moores Ln. for $6.5 million on behalf of Griffin-American Healthcare REIT II.

The two-story, multi-tenant facility is in close proximity to Christus St. Michael Hospital, a 312-bed medical center. Constructed in 2005 on a two-acre parcel, the building is currently 100 percent leased to Collom and Carney Clinic and Ambulatory Surgery Centers of America.

The purchase was part of 14 medical office buildings Griffin-American acquired for $106.7 million. The 14 properties are spread throughout the country including four Texas offices — totaling 180,000 sf — in Rockwall, San Angelo and Schertz.

Source: American Healthcare Investors

Listen to Podcast 138 for this story...and more!

Red River Army Depot starts 232,000-SF facility 


HOOKS (TEXARKANA, TEX.) - Construction on the Red River Army Depot’s Maneuver Systems Sustainment Center (MSSC) has reached the third phase. The $40.5 million phase, situated on ten acres, will add 232,000 sf to the center and be built to LEED Silver standards.

The facility will consolidate operations that are currently dispersed throughout various buildings on the depot. It will overhaul and repair combat and support vehicles.

Construction on phases one and two of the MSSC began in 2008 with the tactical vehicle processing facility. Phase one includes 36,000 sf and phase two, the tactical vehicle repair facility, is 26,000 sf.

The three-phase project is funded by the Military Construction and Veterans Appropriations Bill. The final phase of the facility is scheduled for completion in 2014.

Read the full story at PRLog and the U.S. Army.

Class A Encore set for Texarkana 


TEXARKANA, TEX. - Encore Multi-Family LLC is completing construction on the Class A, 168-unit Encore Waggoner Creek with plans to open in July 2012. The $14.9 million, 150,534-sf project is located at 6210 Gibson Ln. at Pleasant Grove Rd.

As reported in July 2011, the complex — consisting of seven, three-story residential buildings —  will include a leasing office and clubhouse. The clubhouse will house a fitness center, media center, Wi-Fi urban lounge and coffee bar.

The complex contains 84 one-bedroom and 84 two-bedroom units ranging from 760 sf to 1,052 sf. Rental rates are estimated to range between $779 and $930 per month.

Source: Encore Waggoner

Texarkana MSA population: July 2011 


TEXARKANA, TEX.-TEXARKANA, ARK. - The U.S. Census Bureau has released population estimates for July 1, 2010 to July 1, 2011 by Metropolitan Statistical Area (MSA) and by counties. The 2011 city populations will be released in June 2012.

Population Estimates by MSA
  2010 2011 % Change
Texarkana, Tex.-
Texarkana, Ark.
136,214 136,552 0.2
Bowie 92,684 92,793 0.1
Miller (Ark.) 43,530 43,759 0.5

Source: U.S. Census Bureau

Demo starts $20M Rose Hill Ridge in Texarkana 


TEXARKANA, TEX. - Demolition has been completed on the abandoned Griff King Courts brick-and-cinder-block public housing units. The units dated back to 1954.

The demolition marks the beginning of the third and final major Rose Hill redevelopment phase by the Housing Authority of Texarkana, Texas (HATT). Removal and demolition operations are slated to be complete by June.

Construction will then begin on the $20 million, 25-building Rose Hill Ridge apartment complexes on the former Griff King site at 1125 Stuckey St., according to HATT officials.

Rose Hill Ridge, which will have 122 family apartments with one- to four-bedroom units, will have solar panels and a rainwater conservation system. Once construction is finished, the apartments will have units ranging from 780 to 1,551 sf.

Of the 122 new units, 30 will be public housing while the rest will be tax credit housing.

For more about the Rose Hill redevelopment, see NewsTalk Texas.

Read more at the Texarkana Gazette

Survey update on Texarkana's Rose Hill  


TEXARKANA, TEX. - After two years of redeveloping public housing in the Rose Hill neighborhood, the efforts of the Housing Authority of Texarkana, Texas (HATT) have mixed results, according to a survey report by Texas A&M University-Texarkana.

The report released to HATT’s Board of Commissioners indicates that tenants are still primarily African-American (98 percent). On average, residents are older than 19 and have become more educated than reported on in the first survey, which was released in February 2011.

Of the 154 to 159 residents surveyed, 92 percent said they were greatly satisfied with the new complexes, except for limited storage space.

The university began tracking Rose Hill demographics in 2010 as part of HATT’s plan to revitalize the neighborhood.

Two years ago, the authority demolished Covington Homes on Milam Street (built in 1942 as Bowie Courts) and built the $16 million Oaks at Rose Hill townhouse apartments on the site.

Earlier this year, HATT razed Steven Courts, built in 1942 on West 15th St., and built the $18 million Pecan Ridge townhouse apartments.

The report suggested that the authority promote education in the Rose Hill community, with emphasis on employment education and skills development. There also was a recommendation to attract and maintain employment in the area.

Read more at the Texarkana Gazette.

New Boston site of $7M wastewater treatment 


NEW BOSTON - The noise of heavy equipment working was a fitting backdrop to breaking ground on a new wastewater treatment plant at TexAmericas Center.

The $7.5 million sequencing-batch reactor plant will replace the current one, which is vintage 1940s. When completed, it will sit on a six-acre campus on the center’s eastern property and treat about 1.5 million gallons of waste per day.

The new plant will use modern treatment technology and allow for growth. Construction is scheduled to be completed next summer.

TexAmericas is home to several businesses, including defense and logistics contractors and construction and electrical companies.

Read more at the Texarkana Gazette.

Pecan Ridge sprouts in Texarkana’s Rose Hill 


TEXARKANA, TEX. - A ribbon cutting was held at the $18 million Pecan Ridge at Rose Hill townhouse apartment complex. The 26-building complex includes the 11 acres formerly occupied by Stevens Courts, a housing complex built in 1942. The site is bordered by Plum, Milam, W.15th and W. 16th streets.

Naomi Byrne, executive director of the Housing Authority of Texarkana, Texas, said Pecan Ridge, which will be ready for tenants in April or May, would have 122 units. Thirty units are already occupied.

The project is praised as the second critical step in rebuilding Rose Hill, one of the city’s earliest residential areas.

Read more at the Texarkana Gazette.

Enrollment grows at TAMU-Texarkana 


TEXARKANA, TEX. - The spring 2012 semester for Texas A&M University-Texarkana saw a record growth in enrollment. The total number of students enrolled this semester is 1,918, up 91 students compared to the spring 2011 semester.

The school has seen a steady increased student population during its spring semester over the years.

In spring 2010 the school had 1,665 students, just slightly down from the 1,758 students they had for the spring 2009 semester.

Total headcount for the undergraduate sector has increased 24.9 percent when comparing spring 2012 to spring 2009.

Total semester credit hours (SCH) for spring 2012 stands at 18,931. Spring 2011 SCH stood at 16,340.

SCH for spring 2010 was 14,659 and spring 2009 reflected 14,458. There has been a 51.2 percent increase in total SCH in the undergraduate classification when comparing spring 2012 to spring 2009.

Read more at KSLA.

Texarkana wastewater plant in the works 


TEXARKANA, TEXAS - The TexAmericas Center board has approved a $5.4 million contract with Heritage Constructors of Texarkana, Texas to build a new wastewater treatment plant.

The plant will be on the east side of TexAmericas’ property, replacing the existing plant. After the new plant is built, the existing plant will be demolished, except for the sludge-drying beds.

The plant will be a sequencing batch reactor (SBR), not common to the area. Sewer plants here are location-based, while sequencing batch reactor technology is time-based, according to David Williams, an engineer with MTG Engineering firm.

An SBR plant takes up less space, does not need a clarifier, has a simple sludge-removal process and has less equipment to maintain, Williams said.

Red River Army Depot and tenants at TexAmericas are among those who will use the plant.

The majority of the funding for the project comes from a 2005 bond issue. Construction is scheduled to be completed in summer 2013.

Read more at the Texarkana Gazette.

TAMU-T, Kilgore College sign articulation agreement 


TEXARKANA, TEXAS - A reciprocal articulation agreement has been signed by both schools, giving Kilgore College (KC) students an associate’s degree after transferring to Texas A&M University-Texarkana (TAMU-T).

Presidents from the two schools met in Kilgore to set the collaboration. The agreement is effective through August 31, 2014.

TAMU-T officials said the intent of the agreement is to encourage completion of associate’s and bachelor’s degrees.

Other objectives of the agreement include:

  • providing specific advisement for all students at KC who intend to pursue a degree at TAMU-T;
  • establishing academic and administrative coordination between KC and TAMU-T; and
  • exchanging evaluative information on the program’s outcomes, with the goal of continuous improvement.

Read more at the Texarkana Gazette.

Revenue and ridership take off in Texarkana 


TEXARKANA - Ridership on Amtrak’s Texas Eagle in October was up 19.4 percent and revenue was up 11.5 percent according to Griff Hubbard with Amtrak.

For fiscal year 2011 Texarkana ridership is up 10.1 percent — the biggest gain of any of the Texas Eagle stations — and revenue is up 8.4 percent.

Hubbard said the Texarkana station ridership increase was the biggest gain of any of the Texas Eagle stations. Fiscal year 2011 brought 8,646 passengers, an increase of 779 over last year.

Between fiscal years 2010 and 2011, in terms of revenue, the Texarkana station saw an increase of 8.5 percent.

Travel is also on the rise at Texarkana Regional Airport. Passenger numbers are up over 8 percent in 2011 compared to 2010, rental cars are up 11 percent and parking is up 13 percent, according to Stephen Luebbert with the airport.

A new terminal at the airport is in the works. In August, the airport received a $485,000 grant from the U.S. Department of Transportation for an environmental assessment, which is required before construction can begin.

The expected cost to construct the terminal is $21 million, with approximately $6 million over five years projected to come from the city government of both Texarkanas.

Read more at the Texarkana Gazette.

Texarkana Convention Center complex underway in Ark. 


TEXARKANA, ARK. - Ground has broken for the 22,000-sf Texarkana Convention Center and Holiday Inn Hotel located in the Crossroads Business Park along I-30.

This marked the start of the first phase of the project, which will have an overall footprint of about 100,000 sf over 12 acres. The convention center will hold 1,000 people and have several smaller meeting rooms. The hotel will host 127 rooms and suites and a full-service restaurant.

Construction is estimated at $18 million with completion in nine months.

Phase Two involves a Holiday Springs Water Park, which will be located behind the convention center on four to five acres.

Read more at the Texarkana Gazette and

Eagle enrollment soars at Texas A&M Texarkana 

(10/20/2011 2:15:00 PM)

TEXARKANA, TEX. - Texas A&M Texarkana has experienced a record increase in both undergraduate enrollment and student credit hours since fall 2009. Student enrollment for fall 2011 is up 17 percent over 2009.

The number of student credit hours increase 61 percent in the last two years. Nearly 2,000 students are enrolled in classes this year.

The university welcomed their first freshman class in fall 2010 and opened their first dorms this semester. Plans are moving forward to build another residence hall to be opened in fall 2013.

Read more at KTBS.

Affordable housing checks into Texarkana 


TEXARKANA - Habitat for Humanity of Texarkana received $10,000 to assist in the construction of a single family home for a low-income, first-time homebuyer.

This project was made possible by The Federal Home Loan Bank of Dallas (FHLB Dallas) who awarded more than $3.3 million in Affordable Housing Program (AHP) grants to 14 low- to moderate-income housing projects throughout the state of Texas.

The funds went toward building or renovating 660 affordable housing units across the state.

For all Texas projects by city, see NewsTalk Texas.

Read more at MarketWatch.

Texarkana land deal final for UACCH 


TEXARKANA, ARKANSAS - The University of Arkansas Board of Trustees has purchased just more than eight acres of Miller County land designated for a community college campus.

The land was purchased from Texarkana DCB, LLP for $80,000.

The land — 8.749 acres — is on East 54th St. across from Bobby Ferguson Park and the Four States Fairgrounds. It is now being cleared to make way for the University of Arkansas Community College at Hope (UACCH) satellite campus.

The construction process timeline starts September 16 and the plan is to have students in a general education building by fall 2012.

Read more at the Texarkana Gazette.

New dorm opens at TAMU-Texarkana 


TEXARKANA, TEXAS - Texas A&M University-Texarkana has opened the 294-bed, 86,000-sf Bringle Lake Village residence hall.

Valued at $14 million, all of the dorms vary in size from studios, two bedrooms and four bedrooms.

More than 200 students will occupy the residence hall this fall.

For more information about Bringle Lake Village, see NewsTalk Texas.

Read more at KTBS.

Texarkana Convention Center, Hilton underway 


TEXARKANA, TEXAS - Construction is underway on the 98,086-sf Hilton Garden Inn and the 24,711-sf Convention Center.

The $9.6 million hotel is located at 2910 S. Cowhorn Creek Loop Rd. and the $3.7 million convention center is located at 4610 Cowhorn Creek Rd. Completion is set for summer 2012.

The six-story hotel will have 154 rooms, a restaurant and a pool, according to state filings.

See previous NewsTalk Texas.

Source: City of Texarkana, Texas

HATT surprise worth $1.9M 


TEXARKANA, TEX. - The Texas Department of Housing and Community Affairs awarded the Housing Authority of Texarkana, Texas (HATT), a tax-credit award, which amounts to a little more than $1.964 million annually for ten years.

The money will be used to pay for demolishing Griff King Courts, which were built in 1953, and then building the 122-unit Rose Hill Ridge high-end apartments, according to Naomi W. Byrne with HATT.

HATT will get the needed money for the project by selling the tax credits to either an investment firm or a bank.

Read more at the Texarkana Gazette.

Texarkana is preparing for an Encore 


TEXARKANA, TEX. - Encore Multi-Family LLC has begun construction on a 168-unit multifamily complex, Encore on Pleasant Grove, at 2925 Pleasant Grove Rd.

The project, which will cost $14.9 million, will be financed by a $12.2 million loan from the U.S. Department of Housing and Urban Development, while Encore will contribute the other $2.7 million to build these market rate, non-subsidized, Class A apartments.

The 168 units will be contained in seven, three-story residential complexes on ten acres. The project also will include a leasing office and clubhouse.

Rental rates will range between $779 and $930 per month for 84 one-bedroom and 84 two-bedroom units.

Completion is estimated for July 2012.

Read more at the Texarkana Gazette.

Texarkana tips its HATT to Pecan Ridge 

(7/18/2011 10:00:00 AM)

TEXARKANA, TEX. - The Housing Authority of Texarkana, Tex. (HATT) has announced the construction of a 124-unit complex, the Pecan Ridge Apartments, at 2220 W. 15th St.

The project will be 144,710 sf and cost an estimated $12.2 million, according to the City of Texarkana.

The units will be built on the former Stevens Courts site and will also include a leasing center and a learning center.

HATT is a local public housing agency that provides quality affordable housing and supportive services to eligible persons with limited incomes.

Read more at the Housing Authority of Texarkana, Tex.

EPA funds training program in Texarkana 


TEXARKANA, TEX. - The Environmental Protection Agency (EPA) has awarded the City of Texarkana $300,000 for the Brownfields Job Training Program.

The program’s aim is to train regional residents for environmental jobs, either locally or across the country. City officials hope to place at least 45 of the projected 51 students in full-time environmental jobs, preferably in Texarkana.

It is open to low- to moderate-income, unemployed and underemployed residents in Northeast Texas, Southwest Arkansas, Southeast Oklahoma and Northwest Louisiana.

Participants will go through 370 hours of training in areas such as solid waste management, energy efficiency technology and renewable energy preparation and installation.

Applying for the grant was a joint effort between Texas A&M University-Texarkana, Texas Engineering Extension Service (a part of the Texas A&M System), Texas Workforce Commission and the city.

About 90 percent of the training will be done through the Texas Engineering Extension Service.

Because the funds will not be released until October, training will most likely not begin until January 2012.

Read more at the Texarkana Gazette.

Daingerfield State Park reopens with $5M in upgrades 

(6/27/2011 1:00:00 PM)

DAINGERFIELD, MORRIS COUNTY - Daingerfield State Park has reopened after Texas Parks and Wildlife invested more than $5 million in capital improvement and repairs to the 500-acre park, which includes an 80-acre lake.

The upgrade to campgrounds includes 40 full camper hookup sites with water, electricity and sewer connections, three new restroom complexes, a new wastewater system and major overhauls to historic structures.

There are three cabin sites available for rent and a large Bass Lodge overnight group facility that accommodates 15 people.

The park officially reopens for visitors July 1.

Read more at the Texarkana Gazette.

Silvermoon rises again over Texarkana 


TEXARKANA, TEXAS - The first floors of the buildings between 211 and 217 West Broad St., known as Silvermoon on Broad Street, are scheduled to open in July or August.

The $4 million project includes six buildings, four of which are being remodeled. The vision for the project is that of a special events center.

The bottom floor of the two-story building will be a hall that can be used to house receptions, meetings and dinners. It will also include a kitchen.

Once the first floor is complete, the second story will be refashioned into two one-bedroom units and two efficiency units.

The area will house the main entrance to Silvermoon, though each building will have a street-level, separate entrance. In addition to dressing rooms for the theater next door, the developer hopes to also include a mini art gallery.

Silvermoon Theater will be housed in the former Timberlake Hardware Co. store. The theater will seat between 120 and 130.

The second story will feature a mother-in-law suite and two two-bedroom units described as upper-end apartments. The third floor will house a private residence.

Read more at the Texarkana Gazette.

Texarkana Surgery Center set for acquisition 


TEXARKANA, TEXAS - American Realty Capital Healthcare Trust anticipates acquiring one free-standing fee simple ambulatory surgery center. The tenant of the property will be Texarkana Surgery Center L.P., an operating joint venture between Symbion Inc. and a 23-member physician group.

The property, 5404 Summerhill Rd., contains 17,500 rentable sf which includes four operating rooms, a recovery room, an x-ray room and a minor procedure room.

The purchase price of the property is $4.5 million at a capitalization rate of 9.42 percent. American Realty Capital Healthcare Trust intends to fund 100 percent of the purchase price.

American Realty Capital Healthcare Trust estimates that it will close on the acquisition in June 2011. The property is 100 percent leased to Texarkana Surgery. The total annual rent for the initial lease term will be approximately $393,000.

Symbion, located in Nashville, Tenn., is an operator of short-stay surgical facilities.

Read more at DBusinessNews.

Play it again, Sam's Texarkana 


TEXARKANA, TEXAS - Sam's Club at 3610 St. Michael Dr. is undergoing a $3.5 million renovation. Completion is set for August 19. Work includes the remodel to the existing building and addition of vestibule, canopy and rackhouse on the exterior, according to the Texas Department of Licensing and Regulation.

Live and learn at Bringle Lake Village TAMU-Texarkana 


TEXARKANA, TEXAS - Texas A&M University-Texarkana is just months away from completing the 294-bed, 86,000-sf Bringle Lake Village residence hall valued at $14 million.

“It’s the Taj Majal of all residence halls,” Josh Coco, A&M-Texarkana’s director of residence life said.

Some of the amenities include: a swimming pool; outdoor movie area; volleyball and basketball court; a cyber cafe with a business center; a cardio workout room; and a club room with a full kitchen.

The dorm includes private bathrooms — one for each resident — kitchenettes and lounge areas. There are two-bedroom and four-bedroom options but all of the bedrooms at Bringle Lake Villages are private.

Students will move into the rooms on Aug. 7 and about 70 students have signed up for the dorms so far.

School officials hope to be at 55 percent capacity by the time school starts, which is about 160 students, in hopes the number will go to 70 percent next school year.

Source: Texarkana Gazette

Listen to Podcast 77 for this story...and more!

Cowhorn Creek center of activity in Texarkana, Texas 


TEXARKANA, TEXAS (Texarkana Gazette) - Work has begun on the Hilton Garden Inn and Texarkana, Texas, Convention Center at 4610 Cowhorn Creek Rd.

Construction of the 24,500-sf convention center, featuring a ballroom with seating for 1,000 and an outdoor event area, along with the six-story Hilton Garden Inn, which will offer 155 rooms, should be complete by summer 2012.

Daugherty Property Group is investing $24 million for the hotel/convention center, including funds designated from the city’s hotel/motel tax collections.

Groundwork begins in this month and Daugherty Property Group’s Brian Daugherty said 125 workers will be on the site during peak construction.

The location on Cowhorn Creek Road was selected because it is at the center of Texarkana’s medical, retail, educational and financial communities. Daugherty Property Group projected 40,000 out-of-town guests will use the facility annually.

Listen to Podcast 75 for this story...and more!

NTCC's $3.3M Agriculture Complex opens in Mount Pleasant 


MOUNT PLEASANT, TITUS COUNTY (Fort Worth Business Press) - The Elizabeth Hoggatt Whatley Agriculture Complex at Northeast Texas Community College (NTCC) in Mount Pleasant, has been completed as one of the first NetZero educational facilities in Texas.

The $3.3 million building has earned enough points to receive LEED Platinum Certification, the highest level possible awarded by the U.S. Green Building Council.

The complex, in operation since September 2010, houses a new single-story, 8,600-sf classroom building and a single-story, 11,500-sf open-sided pavilion to support the college’s agriculture program.

The VLK Architects Inc. facility, designed to complement the sustainable agriculture program at NTCC, aims to serve as a teaching tool to students and the local community of the benefits of sustainable technologies, as well as help encourage economic development in northeast Texas.

Sustainable components built into the design include a rainwater harvest catchment basin, energy efficient pumps, a lighting control system, and a photovoltaic solar array, intended to provide on-site renewable energy.

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