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Category Archives: Texas

Avera Builds Up Assemblage in Dallas-Area Business Park

DALLAS – AVERA has added to its industrial land holdings North Texas with the acquisition of Valwood 40 in the Dallas area. Valwood 40 is a 7.2 acre site located in Valwood Park. Valwood Park is a 400 acre, master planned industrial park in the Dallas Market, developed by the Woodbine Development company in the Farmer’s Branch/Carrollton area, less than ... Read More »

Borlenghi Expanding Granduca Hotel Brand to Austin, Then Other Markets

AUSTIN — The Granduca hotel brand is expanding to Austin – and perhaps to other cities – as Houston developer Giorgio Borlenghi has broken ground on the Hotel Granduca Austin, an Italian-styled luxury hotel. The Austin hotel is the first step in what could be a national expansion of the luxury brand, says Borlenghi, the Italian born developer who has ... Read More »

Texas Realty Alert: HAR Becoming a Statewide Website for Home Listings

HOUSTON –, founded by the Houston Association of Realtors almost 20 years ago, will begin carrying listings of homes for sale across Texas. HAR has signed an agreement with List-Hub to make the Texas listings available in a beta version later this month. The statewide version of the website reportedly will be operating with the “Homes And Realtors” marketing ... Read More »

Occidental Petroleum to Move its HQ to Houston – The Energy Capital of the World

HOUSTON – Occidental Petroleum Corp. announced Friday that it is moving its corporate headquarters from Los Angeles to Houston, where hundreds of energy companies have their headquarters or major regional offices. “Occidental Petroleum is the largest oil producer in Texas and one of the largest in the nation, so it seems only fitting the company would locate its headquarters in ... Read More »

Cortland Partners Buying Multifamily Portfolio for $338 Million

ATLANTA – An affiliate of Cortland Partners is paying $338.5 million to buy a huge portfolio of 28 apartment complexes that will boost its presence in Texas significantly, an executive with the Atlanta-based multifamily firm said. The portfolio includes 5,464 units with a 93 percent occupancy rate with an average monthly rental rate of about $700. Twelve of the apartment ... Read More »

Fortis Buys Three Austin Office Buildings from Admiral, Crimson, USAA Partnership

AUSTIN – Admiral Capital Group, an investment group led by former NBA star David Robinson of the San Antonio Spurs, and its joint-venture partner, Houston-based Crimson Real Estate Advisors, have sold three Austin office properties, totaling 380,000-sf. The Austin portfolio includes the 205,000-sf Aspen Lake, the 174,448-sf Tower of the Hills and 178,000-sf Tower Point located in northwest Austin. The ... Read More »

Carter Building Student Housing in San Antonio

SAN ANTONIO  – Atlanta-based Carter is developing San Antonio’s newest high-quality student housing development, Tetro Student Village. The 16-acre community will include 121 flats and 77 townhomes located less than half a mile from the University of Texas at San Antonio (UTSA) campus in north San Antonio. Construction on Tetro Student Village is scheduled to be completed in July. The ... Read More »

Toll Brothers Group Buys 3,700 Acres in Fort Bend – Reported Price Tag is $78 Million

HOUSTON – Toll Brothers, Inc., a leading builder of upscale homes, in a joint venture with GTIS Partners, have acquired the 3,700-acre Sienna South, the last major undeveloped parcel of Sienna Plantation master planned community in Fort Bend County. The purchase price was not disclosed but the Wall Street Journal pegged the value of the deal at $78 million. The ... Read More »

Kimco Buys Atascocita Power Center in Northeast Houston

HOUSTON –  Kimco Realty, based in New York, purchased the Atascocita Commons shopping center in northeast Houston from Cole Real Estate Investments. The 316,395-SF center power center is near the northwest corner of FM 1960, North Lake Houston Parkway and Atascocita Road. At the time of sale, the center was 99.2 percent leased to leading retailers such as Ross, Kohl’s, ... Read More »

Ralph Bivins’ Realty News Report Top 7 Predictions for 2014

HOUSTON – The Boom is not over. Houston’s real estate market is respected as one of the hottest markets in the world. With a few exceptions, both residential and commercial real estate will continue to sizzle in 2014 and produce as much pop as we saw in 2013. Here are the top seven predictions for Houston real estate in 2014 ... Read More »

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