Blaine Gerick

Helping CRE brokers and developers make better decisions with real time market signals | Life Science Real Estate

[Blaine Gerick @permit_hound]

Permit Hound is a market intelligence dashboard for CRE brokers, developers, and contractors.

✅ Save hours of research
📊 Surface insights from real-time permit data
💰 Spot deals early and win more business
Built to give you the edge.

Use Cases 🧵👇

[Blaine Gerick @permit_hound]

75 permits filed in Texas yesterday (10.12). $225M.

Nearly a third of it is one apartment project. Edens filed $68M for Pearl Towne Crossing in Plano: apartments, a leasing office and a garage. Starts in January.

Also on the list:
A pair of spec warehouses in north Houston. Hanover Ella Phase 2, $17M, no tenant named.
A $17M office buildout for JPMorgan at Crescent Tower in Fort Worth.
A new Lowe's in Seguin. $10.5M.

One apartment deal: $68M. The other 74 permits: $157M.

[Blaine Gerick @permit_hound]

87 permits hit Texas yesterday (10.7). $969M. Most of it is data centers.

Soluna filed a $472M AI data center in Willacy County, just across from its wind-powered Kati 1 campus. Almost 500K SF. Construction starts today.

Then $366M for "Project Longhorn" in Cedar Creek. Gensler is designing it. It's on the same road as Pacifico Energy's proposed 2,842-acre gas-powered campus.

Elsewhere: Dick's is adding a 120K SF anchor at South Plains Mall in Lubbock. And a Houston developer filed three spec warehouses off Beltway 8 in one afternoon.

Two buildings: $838M. The other 85: $131M.

[Blaine Gerick @permit_hound]

@evanweirCRE Jesse's Taqueria & Bakery in Bryan.

[Blaine Gerick @permit_hound]

Texas filed $787M in commercial permits yesterday.

$540M of it was one data center.

STACK's DFW02B in Lancaster. 36MW. $15M per megawatt.

Meanwhile Uptown Dallas waited 11 years for a grocery store.

H-E-B finally filed. $47.5M to turn the dead Albertsons at McKinney & Lemmon into a Central Market.

Capital seems to follow megawatts while households follow H-E-B.

[Blaine Gerick @permit_hound]

Texas filed 417 commercial projects with the state this week, worth $6.9B.

Most of that came from one place: Crusoe's $4.8B data center campus in Jayton, a county of 753 people.

Next up were a $550M Skybox data center in Hutto and TxDOT's $408M I-35 work in Austin.

[Blaine Gerick @permit_hound]

635 apartments filed yesterday (9.29) on a half-mile stretch of W. Mockingbird in Dallas. Two different developers.

Larkspur's Mockingbird Oak Park, 1545 W. Mockingbird: 359 units plus 15K SF of retail, $71M, Corgan designing. Starts December.

1241 W. Mockingbird: 276 units, $41M, JHP designing. Starts April.

Across the street from Larkspur, Equinix has filed $836M for its DA12 data center campus. A few blocks east, Children's Health and UT Southwestern are building a $5B pediatric campus at Harry Hines.

The data center won't fill apartments but a hospital serving a pediatric population projected to top 3M by 2032 will. This stretch used to be foreclosed offices and a demolished yearbook plant. It's turning into the Medical District's next rental submarket, with deliveries in 2028-29.

[Blaine Gerick @permit_hound]

Texas permits, last 6 months: 489 filed a week on average.

Busiest weeks by count:
1. Apr 13: 566
2. Mar 30: 552
3. Jun 1: 551

None topped $3.4B. The two biggest dollar weeks, Jun 29 ($11.6B) and Sep 7 ($10.8B), were among the quietest. Data centers move the money.

[Blaine Gerick @permit_hound]

99 permits filed statewide yesterday (9/21).

The highlight: Toyota's $200M sitework permit in San Antonio. First permit on a $3.6B expansion that doubles the plant by 2030, adds 2,000 jobs, and pulls Tacoma assembly back from Mexico 🇺🇸. We're reshoring the nearshore.

[Blaine Gerick @permit_hound]

On Aug 3 Governor Abbott paused data center grid connections in Texas. Abbott cited 474 GW in ERCOT's queue, ~90% of it data centers.

Texas data center permit filings since that order: $349M/day. The 7 months before it: $153M/day.

Strip out the single biggest campus on each side and it's still roughly double.

Why both can be true: the moratorium is an 🔌interconnection gate. Permits are a 🚧construction gate. You can permit, break ground and build a shell while your power application sits in audit. Nothing in the order stops a filing.

🏦BofA's survey just hit a record - fund managers have never been this convinced companies are overspending. That view flipped positive ten months ago (s/o Thesis Driven). Texas permit dollars are up 3.4x year over year since.

🧭Sentiment can reverse in a single survey, especially when are navigating uncertain times.

[Eli Yi @elijahyi]

https://t.co/G5lBCb3CKO

[Blaine Gerick @permit_hound]

131 Texas TDLR project registrations on Sept 14 totaling $1.52B.

Two data center filings took 59% of the dollars. The largest — $600M, 591,400 SF in Cedar Creek — is the sixth Burr Computer Environments data center registration in Bastrop County this year, across two FM 535 addresses.

Burr is the filer of record; EdgeConneX is the operator. This is one of the largest data center developments permitted in the state.

[Blaine Gerick @permit_hound]

This week in permits (9/7)

377 permits, $10.8B, 21.3M SF

[Blaine Gerick @permit_hound]

@evanweirCRE @Apple I'm sure you could figure out some use for the blind walking stick haha

[Blaine Gerick @permit_hound]

83 permits filed yesterday (9/8) totaling $462M. Like clockwork, one permit makes up the majority of the volume.

A $300M data hall in Digital Realty's Garland campus, part of a buildout that's now cleared $1.5B+ across five buildings.

[Blaine Gerick @permit_hound]

@JakehellerPD The longevity bro could never.

[Blaine Gerick @permit_hound]

@bhwizzy I think you're right. The sprawl is going to keep going to San Antonio. Brookshire is basically West Katy.

[Blaine Gerick @permit_hound]

Memorial Hermann just registered for a new bed tower in Katy at 23900 Katy Fwy, Katy.

$180M. 282,000 SF.

Start Jan 2027, finish 2030.

[Blaine Gerick @permit_hound]

@fmeyrath

[Blaine Gerick @permit_hound]

@coresite just filed a $200M permit for DA1 in Irving: 230,000 SF, two-story data center base building at 2701 E. Grauwyler.

Irving already has QTS, Equinix and Edged data centers running, with Microsoft and now CoreSite in the pipeline.

DFW's hyperscale corridor keeps stacking ↗️.

[Blaine Gerick @permit_hound]

Texas filed 1,998 commercial permits in August so far worth $14.53B.

26 of them were data centers. Those 26 accounted for $7.17B (49% of every permit dollar in the state).

Full breakdown by asset class. Who doesn't love a Sankey.