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Category Archives: Land

Hillwood Starts New 1,000-acre Pomona Community South of Houston; Deal Comes Only Weeks After Hillwood Sold Off Sienna Plantation for $78 Million

MANVEL, Texas – Hillwood Communities, in partnership with McGuyer Homebuilders Inc. has announced plans for its first Houston-area master-planned community, Pomona off of Highway 288 in Manvel, south of Houston. Hillwood describes the 1,000-acre project as a “relaxed coastal community.” The $700 million project will have 2,100 single-family homes. The first phase of Pomona will break ground in spring 2014 ... Read More »

Toll Brothers Group Buys 3,700 Acres in Fort Bend – Reported Price Tag is $78 Million

HOUSTON – Toll Brothers, Inc., a leading builder of upscale homes, in a joint venture with GTIS Partners, have acquired the 3,700-acre Sienna South, the last major undeveloped parcel of Sienna Plantation master planned community in Fort Bend County. The purchase price was not disclosed but the Wall Street Journal pegged the value of the deal at $78 million. The ... Read More »

KB Home on a Lot-Buying Rampage in Houston

HOUSTON – KB Home is engaged in a high-speed expansion in Houston, opening 10 new communities in the first part of 2013 following a whopping increase in its acquisition of lots. In 2013 alone, the builder acquired ownership or control of more than 3,600 lots in the greater Houston area, representing a 414 percent increase over the number of lots ... Read More »

Chevron Buys City Block in Downtown Houston

HOUSTON – Chevron Corp. has purchased a city block in downtown Houston not far from the site of its proposed 50-story office tower. Chevron bought the block bounded by Travis, Leeland, Milam and Pease. The site is used as a surface parking lot. It is anticipated that the block will be used as a lay-down yard for construction materials when ... Read More »

Mixed-Use Project Proposed for 15 Acres in Heights Area of Houston

Houston  – Capcor Partners and Kaplan Management Co. have announced plans for a mixed-use development on 15 acres in the Washington Avenue/Heights area, just northwest of downtown Houston. The site, at the corner of Studemont and Interstate 10, was purchased from Grocers Supply, which will relocate within the next two years. Capcor principal Josh Aruh envisions a combination of multifamily, ... Read More »

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 »

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