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Category Archives: Land

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 »

Huge Grand Parkway Expansion Underway North of Houston

HOUSTON – Deal Sikes & Associates, an eminent domain consulting firm, reported that 600 parcels of private property will be acquired by governmental entities in the $1 billion Grand Parkway expansion project which has just begun in the northern suburbs of Houston. The new road will enhance development opportunities north of Houston. The acquisition of the property for the 37-mile expansion of the ... Read More »

3,635-acre Business Park Underway Near Houston Airport

HOUSTON — McCord Development of Houston has announced plans to develop Generation Park, a 3,635-acre business park in near Bush International Airport that is being touted as the largest new commercial development in the nation. The business park will someday contain $5 billion worth of industrial, office, retail and medical space, along with hotel and multi-family development, according to an Houston Business ... Read More »

Del Taco to Open 40 Locations in Houston

HOUSTON – Del Taco, the No. 2 fast service Mexican chain, announced plans to open 40 outlets the the Houston area. Del Taco began its Texas expansion in the Dallas/ Ft. Worth market. Over the past 18 months, Del Taco has opened seven locations including Dallas, Denton, Hurst, McKinney, Plano and Watauga On Wednesday, Del Taco  opened its first Houston ... Read More »

Houston Office/Warehouse Construction Planned

HOUSTON – Vickery-Aldine Bender, LLC, a United Equities sponsored entityhas acquired 4 acres of land to be developed into a multiple building industrial project totaling 42,720 square feet of Office/Warehouses. The site is at the northeast corner of Vickery Drive and  Aldine Bender Road in Houston. Tom Condon, Jr. with BETZ Commercial Brokerage, Inc. represented the Seller and Anthony Clay with ... Read More »

Residential Acreage Sold in Houston

HOUSTON – Woodridge Forest, a 296-acre site planned for a single-family development in the Kingwood area of Houston has been purchased by WR Forest, LLC. HFF marketed the site on behalf of the seller, Wells Fargo Bank.  Woodridge Forest is located less than 1.5 miles east of US Highway 59 on Northpark Drive, adjacent to the Kingwood master planned community ... Read More »

Millions of Burned Acres in Texas to Lose Half Its Value

HOUSTON – The Texas acreage blackened by wildfires may lose 50 or 60 percent of its value and a full recovery could take years, according to Lewis Realty Advisors, a Texas-based real estate appraisal and consulting firm. Extreme drought conditions across Texas have led to scores of wildfires that have burned over 3 million acres of land and over 1,500 residences, ... Read More »

David Weekley Homes Assumes Control of Phoenix Home Builder T.W. Lewis

PHOENIX — David Weekley Homes of Houston has taken over the T.W. Lewis building firm on Phoenix and will begin building there under the name the “T.W. Lewis Collection built by David Weekley Homes.” Weekley purchased the remaining lots of T.W. Lewis and in a cash and options transaction. Lewis, a luxury home builder, has 35 employees, according to the Big Builder publication, ... Read More »

Howard Hughes buys The Woodlands

The Woodlands, a 28,000-acre master-planned community north of Houston, is being sold. The Howard Hughes Corporation has entered into an agreement to acquire from Morgan Stanley Real Estate Investing its 57.5% legal interest, which equates to a 47.5% economic interest based on the parties’ financial arrangement, in The Woodlands for $117.5 million. In 2010, The Woodlands sold 789 residential lots ... Read More »

Sales and Trades

Cushman and Wakefield negotiated the sale of 15 acres of commercial land at West Bellfort and West Sam Houston Parkway South to a group called 1920 Sam Houston Property, LLC. B. Kelley Parker, III; John F. Littman,; and Coe Parker of C&W represented the seller. S.E. Covington & Company represented the buyer. HFF arranged a $65 million refinancing for 5900 ... Read More »

Leasing Brief

Turkey Creek Crossing, LLC bought approximately a half-acre of land at N. Eldridge Parkway & Buffalo Bayou in Houston. David Cook and Jeff Peden of Cushman & Wakefield handled the sale. Read More »

4.2 acres purchased in Sugar Land

Sugar Land Physician Partners purchased 4.2 acres at the northwest corner of First Colony Boulevard and Highway 59 in Sugar Land, Texas. The seller, Sugar Land Properties, was represented by Planned Community Developers. Kolbe Curtice of Colliers International represented the buyer. Read More »

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