-March, 2022, Issue 2-

Remember to set your clocks forward March 13th. Day Light Savings Time

Adam Dukelow is working with Buyers on the close of this property.

7th Annual Twice as Fine Texarkana Wine Festival Just Roll With It

When: May 7, 2022 at

Time: 11 am -7 pm

Where: Spring Lake Park

What: Texarkana's Best Charity Event

Text Link

For Sale

1 acre +/- Lot Hwy 67/ W 7th St,

Texarkana, TX

Loop Visibility
Pylon Sign
Overflow Parking

Curt Green 903-255-1702

Scout Property Group, Broker

ATLANTA, Texas -- CHRISTUS St. Michael Hospital here recently announced the renewal of a 10-year agreement with the Atlanta Hospital Authority to operate the hospital and facilities through December 2032.

"We are honored to have the opportunity to continue to serve the health care needs of Cass County area residents," said President Jason Adams in a news release. "The diligence of the Atlanta Hospital Authority over the past few months has been critical to successfully completing this renewal process."

Atlanta Memorial Hospital began providing health services as CHRISTUS St. Michael Hospital-Atlanta on Jan. 1, 2013, after the first lease agreement was finalized on Aug. 31, 2012.

Texarkana Gazette Article

Pitch It Texarkana

Do you have an authentic and innovative idea?

When: March 31, 2022 at 4 pm

Where: Crossties Event Venue 324 E Broad St.

What: Entrepreneurial Competition!

Grand Prize: $5000

U.S. Real Estate Market Outlook 2022

Recovery resilient despite ongoing COVID threat CBRE is maintaining a positive outlook for the economy and commercial real estate in 2022, despite uncertainty over potential impacts of the COVID omicron variant and other risks. While the new variant will impact the timing of a large-scale return to the office, fiscal and monetary policy remains highly supportive of economic growth. There may be other bumps along the way, notably from the ripple effects of an economic slowdown in China and rising oil prices, but the factors that held back growth in 2021—labor shortages, supply disruptions, inflation and other COVID variants—will ease. Monetary policy will tighten to keep longer-term inflation pressures in check, which may trigger some short-run volatility in the stock market, but it will not be enough to dampen investor demand for real estate.

We foresee a record year for commercial real estate investment, enabled by high levels of low-cost debt availability and new players drawn to real estate debt’s attractive risk-adjusted returns. Commercial real estate values will rise, particularly for sought-after industrial and multifamily assets. Investors will sharpen their focus on emerging opportunities in the office and retail sectors in search of better returns.

CBRE U.S. Real Estate Market Outlook 2022 Link

1200 +/- sq ft office suite

for LEASE

Curt Green (903)255-1702

Scout Property Group, Broker

ECONOMIC DEVELOPMENT

Jobs

150 - 400 New Jobs

UPDATE BOWIE COUNTY, Texas (KSLA) - A company in the Dallas area is expanding to Bowie County and bringing new jobs to the community.

Property at TexAmericas Center Industrial Park covers over 170 acres of land. It was once used for manufacturing munitions at the former Lone Star Ammunition plant, but will soon become the home of Expansion Ammunition.

Richard Smissen is the founder and president of Expansion Ammunition. He says the new business will manufacture ammunition for law enforcement, home defense and for the shooting sport. Smissen says they hope to hire around 150 people over the next three months. Once fully operational, that number should increase to more than 400 employees.

“We need chemists, we need energetic line holders, we need transportation folks, we need packaging, we need administrative,” he said.

Smissen says they will invest around $100,000,000 in this plant over the next few years.

KSLA ARTICLE

Available for Rent 1500-12000 sf Office Warehouse space in Nash, TX

Adam Dukelow (903)255-1720

Scout Property Group, Broker

TEXARKANA -- The Texarkana Regional Chamber of Commerce Foundation has been awarded a $331,988 grant from the T.L.L. Temple Foundation to further their efforts in workforce development in the region.

The grant is to be distributed over a three-year period, according to a press release provided by the Chamber. The goals of the program are for Miller and Bowie County to earn and sustain ACT® Work Ready Communities certification.

"The Chamber Foundation is dedicated to providing a positive business environment. Our many businesses need and utilize qualified employees. Through this partnership, the Chamber shall assist in providing tools for potential employees and employers to be successful," said Michael Malone, president of the Texarkana Regional Chamber of Commerce.

Texarkana Gazette Article

Real Estate & Construction News

TEXARKANA – The medical care business is booming in Texarkana. Wadley Regional Medical Center broke ground for its new $227 million hospital facility at West Park Boulevard in September of 2021, while CHRISTUS St. Michael announced it is building a second hospital and will break ground on the $50 million project early this year. In addition, Arkansas Heart Hospital recently broke the news that it will soon be bringing its cardiology care to Texarkana.

Wadley's new hospital will be at the intersection of West Park Boulevard and University Avenue behind Lafferty's Home Center, CHRISTUS St. Michael's Hospital-West will be located at the intersection of Gibson Lane and Arista Boulevard and Arkansas Heart Hospital will open its first out-of-state facility at 3930 Galleria Oaks Dr. in Texarkana, Texas.

Texarkana Gazette Article

TEXARKANA, Ark. -- With the Texarkana Regional Airport's future new passenger terminal's foundation now in place, the structure's steel skeletal frame is starting to take shape.

Airport Executive Director Paul Mehrlich told Airport Authority Board members Thursday, that the Phase 2 portion, which started last month, could potentially be complete by May of this year, with the pouring of the building's second floor slab set to commence next month.

With construction expecting to last into the summer of 2022, Mehrlich added that both Phase 3 and Phase 4, which involved installing both the building's first and second floor interior walls, along with jet bridges, can be conducted simultaneously.

Mehrlich also said that as a result of the Congress's recent passage of the infrastructure bill, the airport will be receiving about $1 million later this year.

This could go toward conducting Texarkana Regional's future master planning set to cover the next 20 years. Such plans call for the the airport's primary runway, to be extended 500 feet by 2026.

Texarkana Gazette Article