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Category Archives: Land

The Houston Ship Channel’s Emerging Land Shortage – Q&A with John Nicholson of Avera

Could Houston be facing a shortage of land in some real estate sectors?  Crazy as it seems for ever-expanding Space City, it could be possible, especially in a hot market such as the Houston Ship Channel.  To find out, Realty News Report contacted one of the city’s long time industrial brokers — John Nicholson, Executive Vice President of Development at ... Read More »

Ten Acres Sold for Retail Project

ROSENBERG, Texas – Gamal Enterprises has acquired a 10-acre tract at the northeast corner of FM 2218 and Town Center Boulevard for a retail development southwest of Houston. The site was acquired for $1.45 million. “We knew this was going to be a successful venture because of Fort Bend County’s rapid population growth and the property’s proximity to Brazos Town ... Read More »

The Q&A with Colliers International’s Charlie Herder: The Worst May Be Over for Houston

The world felt a seismic shift on November 9 when it was announced Donald Trump had won the U.S. presidency. The election of Trump, who has never held elected office, was a major surprise since all major polls predicted the election of Secretary Hillary Clinton. So what does it mean when an outsider like Trump is elected to the most ... Read More »

Johnson Teams With Tricon to Buy 1,700-Acre Master Planned Community

McKINNEY, Texas – A partnership of The Johnson Development Corp. and Tricon Capital Group Inc. has purchased the McKinney, Texas master-planned community of Trinity Falls, the newest and largest master-planned development in Collin County near Dallas. Houston-based Johnson Development and Tricon purchased the 1,700-acre community from Castle Hill Partners, an Austin private investment firm. Upon full build-out, Trinity Falls will ... Read More »

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 »

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