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Category Archives: Land

Hines and Oaktree Acquire 40 Buildings Near Kansas City

LENEXA, Kan. – Hines, the Houston-based real estate firm, in conjuction with Oaktree Capital Management, has acquired the Southlake Technology Park and Lenexa Industrial Park – a total of 40 buildings and 70 acres of land near Kansas City, Mo. The two commercial real estate parks comprise 1.67 million SF located near the intersection of Interstate 35, Interstate 435 and ... Read More »

Hines Buys 536-acre Behnke Ranch in Tampa for Major Development

TAMPA, Fla. – The Houston-based Hines real estate firm has acquired the 536-acre Behnke Ranch property in Tampa where it will develop a signature mixed-use, master-planned community. The property has approved zoning and entitlements in place for the construction of 550 single-family homes, 200 townhomes, 440 multifamily units, 300,000 SF of commercial space, and 530,000 SF of office/light industrial space.  ... Read More »

Cameron Developing Major Corporate Campus in Houston’s Westchase District

HOUSTON – Cameron International, a Houston-based oilfield services and equipment firm, is planning a massive corporate campus with multiple office buildings along Beltway 8 in the Westchase District on Houston’s west side. On its Westchase site, Cameron International is expected to construct multiple office buildings with more than 1 million square feet of space, which is equivalent to a downtown ... Read More »

Grocer Aldi to Build 650,000 SF Facility in Rosenberg Near Houston

ROSENBERG, Texas – Aldi Inc., a leading low price grocer will build a 650,000 sf distribution center and divisional headquarters in Rosenberg, a community located southwest of Houston. The new ALDI facility in Rosenberg will serve the company’s emerging Houston market. As of May 2013, Batavia, Illinois-based ALDI had opened 12 new stores in the Houston area, and plans to grow ... Read More »

TRI Pointe Becomes One of Nation’s Largest Builders with the Purchase of Trendmaker Homes and Four Other Home Builders

IRVINE, Calif. – Trendmaker Homes, one of the largest builders in Houston, and four other builders across the nation,  have acquired by TRI Pointe Homes for $2.8 billion. The builders had been subsidiaries of Weyerhaueser Co., one of the world’s largest lumber and building products companies.  With the completion of this deal, which was announced in 2013, TRI Pointe became ... Read More »

Texas Oil Boom Generates Another Real Estate Deal for Transwestern

HOUSTON —  Ask any real estate broker in Texas: the oil boom is great for real estate. In a deal announced Monday, Transwestern’s Houston headquarters brokered the sale of a 112-acre tract of land located at FM 1960 and Bronze Road in North Houston for a manufacturing plant that will produce drilling rigs for the oilfield. This is the latest ... Read More »

Hines Developing Residential Community in Houston

HOUSTON – Hines, the international real estate firm, will develop a high-end townhome on a community a 46-acre tract of land inside the 610 Loop at Interstate 10, located on Old Katy Road next to The Houston Design Center. The gated community will have 500 townhomes priced from about $500,000 to $1 million. Hines said the community will be called ... Read More »

Prices for Retail Land Surging as Houston’s Inner Loop Population Grows

HOUSTON – Growth in the Inner Loop of Houston has set the stage for a significant price surge – perhaps more than 50 percent — for shopping center development sites and parcels that can be re-adapted for retail use, according to the Deal Sikes & Associates valuation firm. “Land for urban retail development close to downtown is in high demand ... Read More »

Hotel Planned for Westchase Area of Houston

HOUSTON –  A prominent site in the Westchase District of west Houston, where a number of energy firms have been expanding, has been purchased for hotel construction. Hans Lindberg has purchased 2.3 acres of land located at the northwest corner of Westpark and Beltway 8 from Serena Holdings LLC  for the construction of  four-story, 121-room TownePlace Suites by Marriott.  Mark Davis of Davis ... Read More »

Ralph Bivins’ Top Six Predictions for Houston Realty in 2013

Houston real estate had an excellent 2012 and outlook for 2013 looks very solid, as well. The job growth may be down slightly. Houston led the nation in apartment rent growth last year and won’t continue forever. The city’s real estate markets are hitting on all cylinders – office, apartments, industrial, single-family. It’s doubtful that 2013 could surpass 2012. The ... Read More »

Los Angeles Group Buys Austin Acreage

AUSTIN – Karlin Real Estate has acquired 297 acres – one of the largest parcels of developable land in northeast Austin – for a master planned technology and office park. The site, located near Interstate 35,  is bordered by McCallen Pass on the West, E. Howard Lane on the North, Harris Ridge Boulevard on the East and Tech Ridge Boulevard ... Read More »

Embrey Buys 29 acres in San Antonio for New Multi-Family Project

SAN ANTONIO – San Antonio-based apartment developer Embrey Partners, Ltd. has closed on a new urban infill site, located on West Avenue along the Wurzbach Parkway extension in north central San Antonio. Groundbreaking on the 29-acre site will begin in mid-November 2012, with the first apartment residents beginning in early 2014. The 360-unit project will feature floor plans ranging from 613 square feet ... Read More »

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