Sunday , 1 February 2015
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Camden Starts Multifamily Project in Houston’s Midtown

HOUSTON – Camden Property Trust, a Houston-based REIT led by Ric Campo, has started construction on Camden McGowen in Houston’s Midtown area. The $90 million project will have 315 units and is expected to be completed in 2017. Camden recently announced its earnings. Camden’s funds from operations (FFO) for the fourth quarter of 2014 totaled $0.99 per diluted share or ... Read More »

Sale of AmREIT Firm Approved: Closing of Deal in Late Feb.

HOUSTON —  Shareholders of AmREIT Inc., a Houston-based real estate development firm, have approved the sale of AmREIT to South Carolina-based Edens Investment Trust. AmREIT controls a number of significant retail centers and mixed-use projects including the Uptown Park, a major Houston center that is undergoing a major redevelopment and high-rise densification. The deal will close between Feb. 18 and Feb ... Read More »

City Talks About Leasing Exxon Building in Downtown Houston

HOUSTON – The City of Houston is considering leasing the 45-story Exxon Mobil building in downtown Houston, according to a report in the Houston Chronicle. The city has been looking for downtown space for a police and courts facility and Mayor Annise Parker said Wednesday that leasing the 1.2 million square-foot Exxon Mobil building is being discussed, the Chronicle reported. ... Read More »

Unilev Revamping Galleria Office Buildings

HOUSTON – Unilev Management Corp. is undertaking an $8 million renovation campaign for two Galleria office buildings. The two buildings are: the Galleria Office Tower I, a 493,456-square-foot office tower located at 2700 Post Oak Boulevard, and the Galleria Financial Center, a 251,974-square-foot building located in the middle of Houston’s Galleria Mall at 5065/5075 Westheimer. Class A office buildings, developed ... Read More »

Journalists: Call for Entries in NAREE Real Estate Journalism Competition

BOCA RATON, Fla. — The National Association of Real Estate Editors has issued a call for entries for NAREE’s 65th Annual Journalism Competition. Twenty-five categories will recognize excellence in digital, print and broadcast journalism. Winners will be announced at NAREE’s Miami journalism conference June 24-27, which will draw hundreds of journalists and real estate industry speakers to Florida. NAREE’s prestigious journalism competition ... Read More »

ULI Houston Announces Awards for Outstanding Projects

HOUSTON – The Houston District Council of the Urban Land Institute (ULI) today announced its 2015 Development of Distinction Awards presented by Winstead Attorneys at the Rice Crystal Ballroom downtown. The ULI Development of Distinction awards recognize developments that exemplify best practices in design, construction, economic viability, community health, marketing and management. In the For-Profit Category, the winner was Braeburn ... Read More »

Home Sales Up 35 Percent at D.R. Horton, the Nation’s Largest Builder

FORT WORTH – D.R. Horton, the largest builder in the nation, reported a 35 percent increase in home sales in its first quarter, compared to the first quarter a year earlier. D.R. Horton’s net sales orders for the first quarter ended December 31, 2014 increased 35% to 7,370 homes and 40% in value to $2.1 billion, compared to 5,454 homes and $1.5 ... Read More »

Drew Lewis/Griffin Brokers Create Lee & Associates Houston

HOUSTON – Veteran Houston broker Drew Lewis, along with Chris Lewis and other brokers from Griffin Partners, has opened Lee & Associates Houston, in an affiliation with Lee & Associates, a national firm. Lee & Associates Houston is comprised of brokers from Griffin Partners, a local boutique real estate player, who has partnered with Lee & Associates to open the ... Read More »

Hartman Buys a Pair of Houston Office Buildings

HOUSTON – Hartman Short Term Income Properties XX, a Houston based Real Estate Investment Trust, announced that Hartman Highway 6 LLC, an affiliate, has purchased the Timbercreek Atrium and Copperfield office buildings in Houston. Timbercreek Atrium & Copperfield are two Class B office buildings totaling 93,656 square feet. The multi-story office buildings are located in the highly desirable Northwest Houston ... Read More »

Chicago CRE Firm Enters Houston Market

HOUSTON – Chicago-based Waterton Associates LLC, a U.S. real estate investor and operator, has entered the Houston market with its acquisition of the Villas at Hermann Park, a 320-unit wrap-style rental community adjacent to Hermann Park and the Texas Medical Center., whose 54 institutions employ approximately 106,000 people, making it the largest collective employer in Houston and the world’s largest ... Read More »

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