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Category Archives: New Development

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 »

Morton Salt HQ Moving to Hines’ 52-Story Tower Under Construction in Chicago

CHICAGO – Hines has landed the headquarters of Morton Salt, Inc. as an anchor tenants in the new 52-story River Point tower currently under construction in the Chicago’s West Loop. “Morton Salt is a company born and raised in Chicago with roots that date back to 1848. Becoming part of this new riverfront landmark is symbolic of our commitment to ... Read More »

Hopper Buys Site for Austin Single-Family Community

AUSTIN – CBRE announced the sale of 42.1 acres in Northeast Austin, Texas, to Charlotte, N.C.-based Hopper Communities. The regional residential developer purchased the tract from Sealy & Company for an undisclosed price. Greg Marberry, with CBRE in Austin, represented the seller. John Swanson, Hopper Communities Texas Partner, saw an opportunity for single-family residential at the site and rezoned the property from ... Read More »

Rotation 2015: Momentum Shifting to Suburbs

HOUSTON – The Inner Loop and urban parts of Houston have been on a roll for several years. Construction cranes have been prominent on the skyline as new office buildings and high-rise residential towers have been going up. There are exceptions, of course, but Houston growth patterns are shifting. The new hot zones are going to be in Houston’s suburbs ... Read More »

Japanese Builder Acquires 3,400 Acres to be Developed by Newland

AUSTIN – A Japanese builder has acquired the remaining land in master planned communities in Austin, Dallas and Denver – some 3,400 acres from Wheelock Street Capital. The acquired acres will yield more than 4,600 single-family lots and 125 commercial acres. The buyer is North American Sekisui House, a subsidiary of Japanese builder and developer Sekisui House Ltd. The firm ... Read More »

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