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Category Archives: Land

Bujosa: Land Prices Holding Up in Fort Bend County

(By Dale King) SUGAR LAND, Texas — Land prices are stable in Fort Bend County, southwest of Houston, despite a decline in the energy industry, says land specialist Carlos Bujosa, a vice president with Transwestern. He said land prices in the area are “stable. We don’t anticipate any across-the-board land value declines; we haven’t seen any yet.” Land values should ... Read More »

CBRE Retained to Evaluate AT&T’s Headquarters Office Space Requirements

DALLAS – AT&T Inc., which has its headquarters in downtown Dallas, is evaluating its real estate situation. The communications firm has retained CBRE to assess its office space needs. AT&T, which moved its headquarters from San Antonio to Dallas in 2008, has thousands of employees in multiple downtown buildings. One option that could be considered by AT&T is a proposed ... Read More »

Microsoft Buys 158 Acres for $1 Billion Development

SAN ANTONIO – Microsoft Corp. bought 158 acres of land on the west side of San Antonio where it will build a $1 billion data center. Groundbreaking is scheduled for early 2016 on the eight-building 1.2 million square-foot Microsoft data center. The Microsoft site, located west of Loop 1604 near Highway 211, is in the Texas Research Park, a development ... Read More »

Permian Basin Property Sold in West Texas Oil Slump

ODESSA, Texas – The Houston office of Cresa, North America’s largest tenant advisory firm, recently represented Sandridge Energy in the disposition of a 78,396-square-foot facility on 117 acres in Odessa, Texas. Lariat Services, a subsidiary of Sandridge Energy was in the process of vacating its divisional office in the Permian Basin during the sale. Lariat Services focuses on drilling, from ... Read More »

Japanese Builder Acquires 3,400 Acres to be Developed by Newland

AUSTIN – A Japanese builder has acquired the remaining land in master planned communities in Austin, Dallas and Denver – some 3,400 acres from Wheelock Street Capital. The acquired acres will yield more than 4,600 single-family lots and 125 commercial acres. The buyer is North American Sekisui House, a subsidiary of Japanese builder and developer Sekisui House Ltd. The firm ... Read More »

Chase Bank Moving on Two Tracts in Houston

HOUSTON – Chase Bank is offering two prime Houston parcels for sale – in downtown Houston and in the Greenway Plaza area. The marketing effort to sell the land offers opportunities to developers that will include new branch banks and drive-through facilities. The downtown site – bounded by Congress, Milam, Franklin and Louisiana – is a full block in the ... Read More »

Conor/USAA JV to Develop 525,000 Industrial Project Near Houston

HOUSTON – Colliers International announced the sale of a 36.24-acre tract of land in the northeast quadrant of Beltway 8 & U.S. 90A in Missouri City, near Houston, for development of an industrial project. A joint venture of Conor Commercial Real Estate and USAA Real Estate Co. will develop a three-building, 525,800-square-foot industrial project. Tom Condon, Jr., Senior Vice President in The ... Read More »

Rockspring Invests in 157-acre Tract

HOUSTON – Rockspring Capital, a privately-owned real estate investment firm based in Houston, has acquired a 157-acre site in the Houston submarket of Katy. The tract, suited for single-family residential, is located off of Katy Hockley road, just north of FM 529. This property is adjacent to the 2,705-acre Newland Communities site and is within the Katy Independent School District, which ... Read More »

New 2,700-acre Community on 288 Corridor South of Houston to Break Ground in 2015

HOUSTON – Rise Communities is planning a 2,700-acre master planned community near Highway 288, about 20 miles south of Houston. The project, called Meridiana, is projected to have more than 1,300 acres for single-family home building, more than 60 acres for commercial, about 25 acres for multifamily and other significant development. Rise Communities, based in Henderson, Nev., anticipates having Meridiana ... Read More »

Hearst Selects HFF to Market Houston Chronicle Downtown Property

HOUSTON – Hearst Corp. has selected the HFF commercial real estate brokerage firm to handle the sale of its Houston Chronicle property in downtown Houston. Hearst interviewed a number of Houston’s leading commercial real estate brokers before selecting HFF, a national firm with a strong local office. The 10-story Chronicle building, 801 Texas Ave., covers a full city block and ... Read More »

The Woodlands, Part 2: Home Sales Begin in 2016 for 2,000-acre Project by Woodlands Developers

THE WOODLANDS, Texas – Howard Hughes Corp., the developers of The Woodlands, announced home sales will begin in 2016 for a 1,996-acre project north of Houston, near Conroe. In May 2014, Howard Hughes Corp. acquired 1,343 acres of undeveloped land located 13 miles north of The Woodlands for  $67.2 million from the Hendricks brothers. Howard Hughes added to the parcel ... Read More »

The Woodlands, Part 2: Woodlands Developer Buying 2,000 Acres for Community 13 Miles North of The Woodlands

THE WOODLANDS, Texas – The developer of The Woodlands is buying 2,000 acres for a sequel to Houston’s largest master planned community. The site, where home sales will begin in 2016, is 13 miles north of The Woodlands on the west side of Interstate 45 near League Line Road and the Conroe community. The owner of The Woodlands, Dallas-based Howard ... Read More »

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