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Category Archives: New Development

Fein Goes Double-Down with Second Apartment Project Next to new Exxon Mobil Campus

HOUSTON — Fein, a Houston-based multifamily firm founded by Martin Fein, is starting its second apartment development in Springwoods Village where the Exxon Mobil’s massive new campus is being built. Fein’s first project in Springwoods Village, a 342-unit project called The Belvedere, began leasing up this summer with strong velocity. Fein announced Monday it has purchased 3.75 acres from CDC ... Read More »

Neiman Marcus to Anchor New Simon/Cassco Center in Fort Worth

FORT WORTH – Neiman Marcus will be the anchor tenant for a new 500,000-square-foot retail center that will be developed in Fort Worth by the Simon shopping center firm and Cassco Development Co. The center is part of the Edwards Ranch development. The 500,000 square foot shopping destination, called The Shops at Clearfork, will be anchored by Neiman Marcus and ... Read More »

Avera Developing Distribution Center in Dallas

DALLAS – Avera, a commercial real estate development, construction and investment firm, has announced the development of an institutional quality distribution center in Dallas. The 345,150 square-foot project will be situated on 18.8 acres, at the northwest corner of State Highway 161 (George Bush Tollway) and January Lane. Avera, a Houston-based firm led by Trey Odom, reported: “The development is centrally located ... Read More »

James Avery Jewelry Building Factory, Hiring 360 in Kerrville, Texas

KERRVILLE, Texas—James Avery, a family-owned jewelry retailer, announces plans to build a 53,600 square foot production facility on 30 acres just across from the Kerrville Municipal Airport on Highway 27 in Kerrville, Texas. The new facility is scheduled to be completed in the summer of 2016. Kerrville is located northwest of San Antonio in the Texas Hill Country. The company ... Read More »

New 2,700-acre Community on 288 Corridor South of Houston to Break Ground in 2015

HOUSTON – Rise Communities is planning a 2,700-acre master planned community near Highway 288, about 20 miles south of Houston. The project, called Meridiana, is projected to have more than 1,300 acres for single-family home building, more than 60 acres for commercial, about 25 acres for multifamily and other significant development. Rise Communities, based in Henderson, Nev., anticipates having Meridiana ... Read More »

More Office Space Planned in LaCenterra as Demand Verified on the Grand Parkway in Far West Houston

HOUSTON – Developers are ramping up plans to build more office space in the LaCenterra at Cinco Ranch following strong preleasing in Phase III of the LaCenterra of Cinco Ranch on the west side of Houston. The project is being developed by a partnership of Vista Cos., which is a Houston company led by Woody Mann, and Denver-based Amstar. Transwestern ... Read More »

Camden Planning a Pair of High-Rise Towers in Downtown Houston

HOUSTON – Camden Property Trust, a Houston-based REIT led by Ric Campo, is planning two high-rise residential towers in downtown Houston. The apartment towers will be built near the Toyota Center on two blocks bounded by Austin, La Branch, Pease and Bell. Camden is planning to construct a pair of 20-story buildings, each containing 550 units. The first building is ... Read More »

DATELINE HOUSTON: Oil Prices and Real Estate

HOUSTON – Texas real estate will be unscathed by the significant decline in oil prices this fall, although the topic is getting a lot of buzz in Houston, known as the “Energy Capital of the World.” Oil prices are a sensitive topic here. Houston was the place where the battle cry of the business community once was “$90 in ‘90” ... Read More »

Two Valencia Hotels Planned for College Station Mixed-Use Project

COLLEGE STATION – Midway Cos. has broken ground on a 60-acre mixed-use development with two hotels, office space, apartments, retail outlets and restaurants. The project, called Century Square, will be located across the street from the Texas A&M University campus in College Station. Century Square will have two full service hotels, The George (160-rooms) and Cavalry Court (140-rooms), developed in ... Read More »

Howard Hughes Developing Two Condo Towers in Hawaii

HONOLULU – Howard Hughes Corp. has secured a $600 million non-recourse construction loan from Blackstone Real Estate Debt Strategies for the development of Waiea and Anaha, the first two condominium towers at Ward Village. The financing was arranged by Randy Fleisher with the Dallas Capital Markets group of JLL. The two condo towers will have a combined total 482 units, plus retail space. ... Read More »

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