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Category Archives: Houston

Two New Office Towers and a Residential High-Rise Tower Coming to CityCentre in West Houston, Midway Says

HOUSTON – Midway Cos. has announced plans for two additional office buildings and a high-rise residential tower as an extension of their CityCentre project. Midway bought 6.4 acres, giving the CityCentre mixed-use development frontage on the Katy Freeway, which is also known as Interstate 10. Houston-based Midway will construct two 16-story office buildings with a total of 740,000 square feet ... Read More »

Hines Starts 130-acre Residential Project New New Exxon Mobil Campus

HOUSTON –  Hines – the Houston-based developer that has created 37,000 residential lots encompassing 12,000 acres over the past four decades – is starting a relatively small project near the new Exxon Mobil campus north of Houston. The latest addition to the Hines residential portfolio is Laurel Park North, a 130-acre project on the east side of David Wayne Hooks ... Read More »

Fidelis Buys 112 Acres at Camp Strake for 750,000 SF Mixed Use

HOUSTON – Fidelis Realty Partners has acquired a 112-acre tract of prime retail property at the former Camp Strake site where it plans to develop a regional shopping, dining and entertainment destination spanning 750,000 square feet. Camp Strake was used as an outdoor recreation site by the Boy Scouts for many years until Johnson Development bought the camp in 2013. ... Read More »

Novare Starting Another High-Rise Residential Tower in Downtown Houston

HOUSTON – The Novare Group is planning another SkyHouse-branded residential high-rise tower in downtown Houston. The 24-story building will be located across the street from its recently completed SkyHouse Houston, 1625 Main Street. The new building, called SkyHouse Main, will be a 335-unit project with ground-floor retail. Construction on the 24-story will begin later this year and is slated to ... Read More »

Groundbreaking for New Houston Office Building on Site of Former Courtyard on St. James Wedding Venue

HOUSTON – Groundbreaking has been held for an office building that is being constructed on the site of the old Courtyard on St. James wedding venue in Houston. Nelson Murphree Legacy Partners, LLC held a ground breaking ceremony this week for its new boutique-style office project located at 1885 St. James Place just northwest of the Galleria in Houston, Texas. ... Read More »

Westchase Building Sells for $53 Million; New Owner May Build Another Tower On Site

HOUSTON – Clarion Partners, a leading real estate investment manager headquartered in New York, purchased the Westchase Corporate Center, a 184,259 square foot, Class A office building in west Houston for approximately $53 million. With the building acquisition, Clarion is also gaining the opportunity to build another office building on land now used as a parking lot for Westchase Corporate ... Read More »

Landry’s Planning 30-story Hotel Near Houston’s Galleria

HOUSTON – The Landry’s organization, which owns four Golden Nugget casino hotels and 500 restaurants, is planning a 30-story hotel and conference center adjacent to its corporate headquarters on Loop 610 in Houston. The 9-acre site already includes Landry’s headquarters building and a Rolls Royce and Bentley auto dealership controlled by Landry’s chairman and CEO Tilman J. Fertitta. The Landry’s ... Read More »

Attention Office Building Managers: IREM and the City of Houston Announce Green Building Competition

HOUSTON – The Institute of Real Estate Management  (IREM) and the City of Houston have joined forces to promote competiitions to encourage Houston building owners to step-up sustainability efforts. An IREM statement reports: Participating properties and tenant spaces will engage in a sustainability “challenge” comprised of two parts: the Houston Green Office Challenge and the IREM Sustainable Property Challenge.  The goal: ... Read More »

Houston Home Sales Have Strongest August Ever

HOUSTON – The Houston housing market had its strongest August ever with 7,505 single-family home sales, up 1.1 percent over August 2013, according to the latest monthly report prepared by the Houston Association of Realtors. The average price of a single-family home rose 6.4 percent year-over-year to $275,369, HAR said. The median price—the figure at which half the homes sold for ... Read More »

Transwestern Investment Group Buys Office Building in Reston, Va.

RESTON, Va. – Transwestern Investment Group announces the Parkridge III, a 107,400-square-foot office building located at 10701 Parkridge Blvd. in the Reston submarket of Washington, D.C., was acquired on behalf of Diversified International Partners, a private equity real estate fund for Latin American institutional investors and qualified high net-worth investors. Transwestern Investment Group (TIG), the fund manager, found this opportunity ... Read More »

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