Wednesday , 23 April 2014
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David Weekley Homes Entering Chicago Market

CHICAGO – Houston-based David Weekley Homes, the nation’s largest privately-held home builder, is entering the Chicago market. This marks the first time the Texas home builder is building homes in Illinois. Anticipated sales of Weekley’s in-town, high density homes to begin fourth quarter 2014. “Entering the Chicago market is an incredible opportunity for David Weekley Homes and our team,” said ... Read More »

Stream Constructing Distribution Buildings in Southwest Houston

HOUSTON – Stream Realty Partners is developing Bayou Bend Business Park, a two-building, 378,380 sf project in southwest Houston. Scheduled to be completed in early 2015, Bayou Bend Business Park will have Beltway 8 frontage near the Highway 90 intersection. The project will sit upon 22 acres and will contain two buildings – a 310,010 sf cross-dock building and a 68,370 ... Read More »

Halberdier Making Big Plays near New Exxon Mobil Campus

HOUSTON – Halberdier Holdings is preparing to acquire two tracts of land near the new Exxon Mobil campus north of Houston for development of 275,000-sf of office space, the real estate firm announced in a news release. Trey Halberdier, head of Halberdier Real Estate LLC, has been active in investing in real estate around the 3 million-sf Exxon Mobil campus ... Read More »

The Permian Basin Generates Demand for Industrial Buildings

ODESSA , Texas –  AVERA , a Houston-based commercial real estate firm, is building a spec industrial building in the petroleum-rich Permian Basin near Odessa, Texas. With the widespread growth of hydraulic fracturing – or fracking – the Permian Basin of West Texas has become one of the most productive oilfields in the world. Odessa was No. 2 in the ... Read More »

USAA Developing Major Office Project in Washington DC Area

SAN ANTONIO – An affiliate of San Antonio-based USAA Real Estate Co is developing a new office property in the Washington DC suburb of Alexandria, Va. The 705,000-sf office building development at Hoffman Town Center – Block 8 — is preleased to the General Services Administration on behalf of the National Science Foundation (“NSF”) for a term of 15 years.  ... Read More »

Two New Hotels Coming to Energy Corridor

HOUSTON – Dallas-based Western International purchased 5.2 acres in the Energy Corridor of west Houston where the firm will develop a pair of hotels, a Courtyard by Marriott and a Hampton Inn & Suites. The Energy Corridor is one of strongest office markets in the nation, with a Class A occupancy rate that has hovered around 99 percent in recent ... Read More »

Avera Builds Up Assemblage in Dallas-Area Business Park

DALLAS – AVERA has added to its industrial land holdings North Texas with the acquisition of Valwood 40 in the Dallas area. Valwood 40 is a 7.2 acre site located in Valwood Park. Valwood Park is a 400 acre, master planned industrial park in the Dallas Market, developed by the Woodbine Development company in the Farmer’s Branch/Carrollton area, less than ... Read More »

Younan Sells Westchase Office Building to Fuller/Harbert

HOUSTON  – Younan Properties has sold 9801 Westheimer, a 211,125-sf, Class A office building in Houston’s Westchase submarket. The buyer was Fuller Realty Partners LLC and Harbert US Real Estate Fund V. 9801 Westheimer is located on the south side of Westheimer Road between Gessner and Elmside Drive close to the Sam Houston Tollway. The 11-story property is 86 percent ... Read More »

Borlenghi Expanding Granduca Hotel Brand to Austin, Then Other Markets

AUSTIN — The Granduca hotel brand is expanding to Austin – and perhaps to other cities – as Houston developer Giorgio Borlenghi has broken ground on the Hotel Granduca Austin, an Italian-styled luxury hotel. The Austin hotel is the first step in what could be a national expansion of the luxury brand, says Borlenghi, the Italian born developer who has ... Read More »

Houston Home Sales Running 4 Percent Higher Than 2013′s Record Pace

HOUSTON – Single-family existing home sales in March were up about 4 percent over March of last year, according to the Houston Association of Realtors. “It’s not slowing down any that’s for sure, and we’re certainly seeing a very positive movement in the upper-end,” says Cheri Fama, president of John Daugherty Realtors. Across Houston, the inventory of home for sale ... Read More »

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