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Category Archives: Land

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 »

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 »

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