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D.R. Horton Offers to Buy Forestar Development Firm for $520 Million

FORT WORTH – D.R. Horton Inc. has offered to buy a major stake in Austin-based land developer Forestar Group, which has communities in Houston, Dallas, Austin and other part of Texas. In Houston, Forestar has owned positions in a number of major communities including: Barrington Kingwood, Southern Trails in Pearland, Long Meadow Farms in Fort Bend County, Harper’s Preserve and ... Read More »

Houston Firm Expanding to Other Markets

DALLAS – (By Dale King) – Just over a year ago, Arch-Con Construction, a design-build general construction company created in Houston nearly two decades ago, opened a new office in Dallas. And during that time, the firm has completed a number of projects, begun even more, quadrupled its employee base and promoted leadership from within, said founder and CEO Michael ... Read More »

Oilfield Services Company Leases Houston Office Space for Expansion of HQ

HOUSTON – Patterson-UTI Energy, an oilfield services company has leased an additional 11,600 SF of office space to expand their headquarters offices in Houston. The company’s headquarters now covers 52,822 SF at Remington Square II , which is located on West Sam Houston Parkway North. Dan Boyles and Liz Westcott-Brown of NAI Partners represented the tenant. Ryan Bishop and Brad ... Read More »

Massive Retail Opportunities Ahead – Realty News Report’s ICSC Roundup from the Las Vegas RECon Retail Convention

LAS VEGAS — Despite initial hesitation about the effect falling energy prices had on the area’s economy, national and international retailers remain keen to enter the Houston market. “We’re seeing renewed interest from national retailers wanting to be in Houston — particularly areas such as the Inner Loop and East Houston, among others,” says Crystal Allen, Senior Vice President on ... Read More »

Vista Breaks Ground on Final Phase of LaCenterra

HOUSTON – Houston-based developer Vista Equities Group has broken ground on the final phase of LaCenterra at Cinco Ranch in the Katy area west of Houston. LaCenterra at Cinco Ranch, located at 23501 Cinco Ranch Boulevard, is a 34-acre, 360,000-SF mixed-use development off the Grand Parkway, three miles south of I-10 The final phase will be anchored by a 37,000-SFAlamo ... Read More »

Transwestern Buying Another State Farm Office Tower

ATLANTA – Transwestern Corporate Properties I Investor has reached an agreement to acquire Park Center I in Atlanta as part of a sale-leaseback transaction with State Farm Auto Insurance Co. Park Center I is a 13-story, LEED-certified office tower situated on a seven-level parking structure with ground-floor retail. The 600,000-SF building, which opened late last year, is located on four ... Read More »

Nitya Capital Buys Another Apartment Complex

HOUSTON – Nitya Capital, a Houston multifamily firm led by Swapnil Agarwal, acquired the 510-unit City West Apartments in Houston’s Westchase area from a Goldman Sachs entity. Square Mile Capital Management LLC in collaboration with Natixis, provided financing for acquisition. Arranged by Michael Thompson of CBRE’s Houston office, the loan was used to acquire the property and fund a capital ... Read More »

Zoes Kitchen to Double Footprint in Houston

HOUSTON – Zoës Kitchen, a fast-casual Mediterranean restaurant group, has retained Transwestern to lead its expansion in Houston. Currently, Zoës Kitchen has 15 Houston locations and has plans to more than double its footprint in the Houston market during the next few years. “We are excited to be partnering with Transwestern as we expand our presence in Houston, as well ... Read More »

Lessons Learned: Fountain Place in Downtown Dallas

DALLAS – After more than three decades, an iconic building in Dallas is reinventing itself — and its success could have valuable lessons for commercial property owners and developers throughout Texas. Atlanta-based owner Goddard Investment Group is spending $70 million to renovate the 60-story Fountain Place, a signature part of the city’s skyline with its green glass “rocket” design. Originally known as Allied Bank Tower, the 1.2 million-square-foot ... Read More »

Whitestone REIT to Build New Building Next to Recently Acquired BLVD Place

HOUSTON – Whitestone REIT, which announced it has completed its purchase of the BLVD Place mixed-use development, says it will build an additional six-story office and retail complex adjacent to BLVD Place. Whitestone bought the 217,000 SF office and retail center on South Post Oak Boulevard – anchored by a Whole Foods – for $158 million. Included in the deal ... Read More »

Hines Developing Miami’s First Downtown Skyscraper in 8 Years

MIAMI – Hines has announced plans to develop a 45-story, 600,000-SF mixed-use tower in downtown Miami – the first office tower in the city’s CBD in eight years.. The building, called 110 10th Street, will be located within the 27-acre Miami Worldcenter, one of the largest private real estate developments underway in the U.S. 110 10th tower will include Class A ... Read More »

Creating 347,000 New Jobs in Houston – With More in the Pipeline, Jankowski Says

HOUSTON – (By Michelle Leigh Smith) – Foreign-owned companies have made significant investments in Houston – a city with massive exports that have helped to create 347,000 new jobs in the last 14 years. “There are now 1000 foreign owned companies and more than 300 greenfield projects in the Houston region since 2011 where foreign companies made a significant investment ... Read More »

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