Monday , 25 July 2016
Breaking News

Category Archives: Land

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 »

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 »

Scroll To Top