Friday , 31 October 2014
Breaking News

Toll Brothers Developing 692-acre Community Near New Exxon Mobil Campus North of Houston

HOUSTON – Toll Brothers is developing the 692-acre Woodson’s Reserve community north of Houston on the route of the new extension of the Grand Parkway – not far from the new 385-acre Exxon Mobil campus. Three home builders, Toll Brothers, Perry Homes and Meritage Homes will open for pre-sales in Woodson’s Reserve in early 2015. The site is on Riley Fuzzel Road, ... Read More »

Groundbreaking in Nov. for 1,000-Room Convention Hotel in Austin

AUSTIN – A groundbreaking will be held next week for The Fairmont Austin, a 1,066-room hotel adjacent to the Austin Convention Center. The hotel’s developer, Manchester Texas Financial Group, secured financing from Colony Capital, LLC for its $370 million luxury hotel, which is slated to open June 3, 2017. “It’s time for construction of the Fairmont Austin to fire on ... Read More »

Midway Breaking Ground on Major Project Next to Texas A&M University

COLLEGE STATION – Midway Cos. will break ground next week on a mixed-use project across the street from the Texas A&M University campus in College Station. The project called Century Square is also expected to include a 250-room hotel, 30,000 square feet of conference space, 70,000 sf of restaurant/retail, 30,000 square feet of  theater and entertainment, 100,000 square feet of ... Read More »

Biggest Deal Ever? Foreign Investors Bid Heavy on a Houston Trophy Tower

HOUSTON – A dozen investment groups, including foreign buyers, submitted bids this week to buy the 1000 Main building in downtown Houston – a transaction that may become the biggest deal ever in the Bayou City. Foreign buyers, including players from Europe, the Far East, the Middle East and Canada submitted offers to purchase the 36-story building, said Bernard Branca, ... Read More »

20-Story Apartment Tower Started in Houston’s Montrose Area

HOUSTON – StreetLights Residential has broken ground on The Carter – a 20-story, 305-unit multifamily tower in the Montrose area of Houston’s Inner Loop. Dallas-based StreetLights Residential was started by several of the senior investment officers from Gables Residential. “The Carter high-rise is a wonderful addition to the Montrose area’s rapidly growing population with its close proximity to several of ... Read More »

$70 a barrel oil – No Problem. Multifamily Project Moves Ahead in North Dakota Oilfield, Where Unemployment is only 2.8 Percent

WATFORD CITY, N.D., —  Silver Creek Apartments in the oil-rich Bakken Shale of North Dakota are being expanded. With energy exploration at warp speed, the unemployment rate in North Dakota is 2.8 percent, the lowest in the nation. Shortages of labor and work force housing have developed. The 10-acre Silver Creek site currently contains 44 completed modular studio apartments. Phased ... Read More »

ULI Houston Names Finalists for Development of Distinction Awards

HOUSTON –The Houston District Council of the Urban Land Institute announced the finalists for their 2015 Development of Distinction Awards. The prestigious award recognizes developments that exemplify best practices in design, construction, economic viability, community health, marketing and management. “The development of distinction awards is unique in that projects must be complete, from design, to management, to market success, to ... Read More »

325-Room Hyatt Galleria to Open in Fall 2015

CHICAGO — Hyatt Hotels Corp. has entered into a franchise agreement with Songy HighRoads, a commercial real estate development firm based in Atlanta, to develop Hyatt Regency Houston Galleria in Texas. The Houston hotel will be managed by Aimbridge Hospitality and is scheduled to open in fall 2015. Hyatt Regency Houston Galleria is being built near the Houston Galleria shopping mall ... Read More »

Huge Mixed-Use Infill Project will Feature Simon Outlet Mall, Multifamily and 600,000 SF Office on Southwest Freeway

HOUSTON – Street Level Investments is acquiring one of the largest infill sites in Houston for a mixed-use project that is expected to include a 400,000-square-foot Simon Premium Outlet retail center, 600,000 square feet of office space, 60 acres of multifamily development and a hotel. The 192-acre site, with an enormous half-mile of frontage on the Southwest Freeway, has been ... Read More »

Houston Leads the Nation in Office Construction – Followed By NYC, San Jose and Dallas

HOUSTON – More than 50 office buildings totaling 17.1 million square feet are under construction in Houston – which has more than twice as much construction as the No. 2 market – New York with 7.9 million square feet, according to the CBRE Econometric Advisers. The Greater Houston Partnership reports Houston’s commercial construction permits were up a whopping 193 percent ... Read More »

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