Real Estate Center Online News
August 24, 2012
Copyright 2012. All rights reserved. Material herein is published according to the fair-use doctrine of U.S. copyright laws related to non-profit, educational institutions. Items attributed to sources other than the Real Estate Center at Texas A&M University should not be reprinted without permission of the original source.
$10 MILLION WATER-RESEARCH CENTER PLANNED
SAN MARCOS (Austin American-Statesman) – Texas State University plans to expand its research and teaching related to drought, rivers, springs and other water matters under a $10 million plan.
The university's River Systems Institute will get a new name, the Meadows Center for Water and the Environment, in recognition of a $1 million donation from the Dallas-based Meadows Foundation.
The $1 million gift is to endow the center, and the foundation expects to make additional endowment gifts during the next few years for a total of $5 million, said Bruce Esterline, its vice president for grants. Texas State will seek other philanthropic gifts as well as state funds earmarked for emerging research universities to achieve the $10 million goal.
"Establishing the center is a critical step toward our goal of preserving a sustainable supply of water to support the needs of Texas' residents, wildlife and natural habitats by providing scientific research on which to base sound water management policies in Texas," said Linda Perryman Evans, president and CEO of the Meadows Foundation.
The $10 million plan is intended to underwrite graduate student fellowships, research projects and endowed faculty positions in environmental flows, watershed management, environmental education, and water conservation and sustainability.
LARGE SELF-STORAGE TRANSACTION IS WORLD CLASS
AUSTIN (Inside Self-Storage) – In what represents one of the largest self-storage portfolios sold in the United States this year, World Class Capital Group LLC has acquired a 12-property self-storage portfolio from Sovran Self Storage.
The portfolio includes more than 8,000 units totaling almost one million sf. The units are in Houston and Dallas.
World Class has planned a multi-million-dollar capital-improvement project for the self-storage facilities. The investment firm will rebrand the properties under its Great Value Storage flagship brand.
Sovran operates under the Uncle Bob’s Self Storage brand.
RETAILING SUMMIT SET FOR OCT. 11, 12
COLLEGE STATION (Center for Retailing Studies) – The 2012 Retailing Summit will be Oct. 11–12 at the Ritz-Carlton Hotel in uptown Dallas.
This year's program includes speakers from H-E-B, AT&T, GameStop, Southwest Airlines and Toys 'R' Us.
The conference is sponsored by the Center for Retailing Studies, part of Texas A&M University's Mays Business School. Proceeds will fund educational programs for students pursuing retail studies at Texas A&M University.