Tuesday , 23 October 2018
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Category Archives: Land

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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