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Category Archives: New Development

Larry Johnson Firm Buys 600 Acres in Richmond, Texas for Master Planned Community

RICHMOND, Texas – Johnson Development Corp. has acquired a 590-acre tract in Richmond, southwest of Houston, for a master planned community with 2,500 homes. The site is north of U.S. Highway 59 near the Sweetgrass active-adult community being developed by Del Webb. Johnson said development activity is expected to begin by mid-2016 with construction of new homes projected for early-2017. ... Read More »

Apache Signs 524,000 SF Lease in Post Oak Central; Timetable for New Office Project Pushed Back

HOUSTON – Apache Corp. signed a one-year 524,000 square foot lease extension with Apache Corporation at the Post Oak Central in the Uptown Houston area. The lease extension indicates that Apache is not fast-tracking its plan to construct a new office tower on Post Oak Blvd. In 2012, Apache bought 6 acres on Post Oak, just south of San Felipe ... Read More »

Johnson Development Breaks Ground on 1,350-Acre Jordan Ranch West of Houston

  FULSHEAR, Texas – The Johnson Development Corp. has broken ground on its latest community, Jordan Ranch, on Houston’s west side. The 1,350-acre Fort Bend community is located one mile south of Interstate 10 near the Grand Parkway, giving residents easy access to the Energy Corridor and Katy. Approximately 2,800 homes are planned for Jordan Ranch, and nearly 500 homesites ... Read More »

CBRE: ‘Landlords are Nervous’ About Upcoming Challenges in Houston Office Market

HOUSTON – The third-quarter statistics for the Houston office market showed some improvement, but the market is waiting for the other shoe to drop. Third quarter numbers from CBRE showed Houston’s average office rental rate of $27.74 was up 6 percent from a year ago. Other positives: 1.5 million SF was absorbed in quarter, raising the year-to-date absorption to 3.6 ... Read More »

Hines Project Gets ‘WiredScore’ Certification for Internet Connectivity

MINNEAPOLIS – Hines, the Houston-based real estate firm, announced that its new T3 office project has become the first office building in Minneapolis to receive preliminary WiredScore certification. “Strong Internet connectivity is becoming increasingly critical to the day-to-day operations of any business,” said Arie Barendrecht, CEO and co-founder of WiredScore. “T3’s Wired pre-certification ensures that tenants will have access to ... Read More »

Randall Davis Condo Tower in Houston Set for Groundbreaking

HOUSTON – Transwestern has arranged the construction financing for the Arabella, a 99-unit condominium tower to be developed on the southeast corner of San Felipe Road and Westcreek Lane in Houston’s Inner Loop. The 33-story property is scheduled for completion in the fall of 2017. Transwestern Managing Directors Jan Sparks and Michael Snodgrass arranged the financing on behalf of developer ... Read More »

Thor Equities Starting $125 Million Mixed-Use Project on Houston’s Kirby Drive

HOUSTON – Thor Equities will start construction next month on the Kirby Collection, a 1 million-square-foot mixed-use project on Kirby Drive in Houston’s Inner Loop. The $125 million project will deliver a 25-story residential tower with 200 apartments, 210,000 square feet of office and 65,000 square feet of retail space with completion expected in late 2017. The site is on ... Read More »

Oil and The State of the Houston Office Market: The Q&A with Kevin Roberts of Transwestern

Beginning with Allen Brothers who founded the city,  Houstonians have been an optimistic bunch.  In recent years, since the end of the Great Recession, energy and real estate entrepreneurs exuded boundless optimism about Houston – and with good reason. With the price of a barrel of West Texas Intermediate crude rising to triple digits, the sky seemed to be the ... Read More »

Taylor Morrison Developing 55+ Community West of Houston

HOUSTON – Taylor Morrison, a Scottsdale, Ariz.-based homebuilder, is expanding its 55 and up active adult presence in the Houston area with the the development on a Bonterra active lifestyle community in Cross Creek Ranch on Houston’s west side. The 228-acre community will have 700 homes, prices from $250,000 to $450,000, in a gated neighborhood. Last year Taylor Morrison opened ... Read More »

Aggie Mega-Dorm: 1,300-Unit Project to be Largest Student Housing Project in Nation

COLLEGE STATION, Texas — Park West, a massive 1,300-unit 1.8 million-square-foot student housing project at Texas A&M University will be the largest student housing complex in the nation, according to the Weitz Co., the design-builder. The largest student housing complex in the country to date, the Park West will accommodate 3,402 students in more than 1,300 units ranging from studios to four ... Read More »

Arquitectonica-Designed Tower Started by Hines in SoMa District of San Francisco

SAN  FRANCISCO  – Houston-based Hines, in partnership with Invesco Real Estate, began construction on 41 Tehama, a 389,000-square-foot multifamily complex in San Francisco’s South of Market (SoMa) neighborhood. Designed by Arquitectonica, 41 Tehama will include 403 residences in a 35-story building. The building, slated for completion in 2017, will be one block from the Transbay Transit Center. “Hines is pleased ... Read More »

Trendmaker Developing 372-Acre Project in Clear Lake City

HOUSTON – The Reserve at Clear Lake City, a 372-acre project that will have 740 homes has opened in southeast Houston near the Johnson Space Center. Trendmaker, part of the TRI Pointe organization, is developing the project. Trendmaker, Ryland Homes and Village Builders will be constructing houses in the community. Clear Lake City is a 10,000-acre project started in the ... Read More »

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