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Category Archives: Houston

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 »

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 »

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 »

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 »

70 Industrial Buildings Under Construction in Houston Due to Energy Boom

HOUSTON – Seventy industrial buildings are under construction in Houston, where a continued expansion in the energy industry has driven up warehouse rents significantly in the last year. “Houston’s industrial market remains one of the healthiest in the U.S. primarily due to continued expansion in the oil and gas industry.  It has accelerated Houston’s job growth, increasing demand for housing ... Read More »

Shorenstein Selling Five Post Oak Park for Anticipated $185 Million

HOUSTON – Shorenstein Properties is selling the 28-story Five Post Oak Park, an Inner Loop Houston office building that is expected to fetch $185 million, or $326 per square foot. The Real Estate Alert newsletter reported that the deal is considered a “value add” play because the building’s anchor tenant Amergy Bank is expected to relocate in 2016. Amegy is ... Read More »

Houston Ranked No. 1; Austin 2nd in ULI Emerging Trends 2015 Realty Forecast

NEW YORK – Investors selected Houston as the top city for commercial real estate investment in 2015, while two other Texas markets – Austin and Dallas/Fort Worth are in the top five in the annual Emerging Trends in Real Estate forecast by PwC US and the Urban Land Institute (ULI). In 2015, investors will be looking beyond the traditional “core” ... Read More »

Sunday A.M. Implosion Clears Way for 750,000 SF Office Tower

HOUSTON – Downtown’s old Houston Club Building was imploded Sunday, clearing the way for Skanska to develop the 35-story Capitol Tower in downtown Skanska, which has several office projects under way in Houston, is developing a 750,000-SF office tower to be built at 808 Capitol Street in block bounded by Rusk, Milam and Travis streets. In order to meet the ... Read More »

Memorial Hermann Spending $533 Million to Build 1 Million SF in Houston’s Texas Medical Center

HOUSTON — Memorial Hermann Healthcare System is launching a $533 million expansion that will add a major hospital tower and 160 additional hospital beds to its facility in the Texas Medical Center campus in the Inner Loop of Houston. The master plan project includes construction of the Hermann Pavilion 2, a 17-story hospital that will provide the Texas Medical Center ... Read More »

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