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Category Archives: Texas

Goddard Buys Fountain Place Tower in Dallas for $200 Million

DALLAS – Atlanta-based Goddard Investment Group, LLC, has acquired Fountain Place, one of the most recognizable skyscrapers in Texas for a reported $200 million. The 58-story office tower, located near the Arts District in Dallas, was built in 1986. Goddard partnered with an arm of Metropolitan Life Insurance to make the acquisition for a price that was close to $200 ... Read More »

Hillwood Enters Houston Industrial Market

HOUSTON – Hillwood, the large Texas-based real estate company, is entering the Houston industrial market with a 718,000-sf industrial park being developed in a joint venture with Copeland Commercial. “Hillwood is excited to enter the Houston market and we look forward to pursuing additional joint venture opportunities in the area,” said Chris Brown, Senior Vice President-Joint Ventures, Hillwood Investment Properties. ... Read More »

San Antonio’s Texas Center for Athletes, 21 Spurs Lane, is Sold

SAN ANTONIO – Transwestern’s San Antonio office  handled the sale of the Texas Center for Athletes medical office building next to the San Antonio Spurs training facility. Transwestern represented the seller, Sports SA Holdings LP. The 128,347-square-foot, four-story medical office building in San Antonio’s South Texas Medical Center is 98 percent leased. The building, located at 21 Spurs Lane, adjacent ... Read More »

Seven-Story Office Project to be Built on Austin Hilltop

Austin – Riverside Resources has begun construction on Capital Ridge, a 215,000 square foot 7-story Class A office building located on a hillside overlooking Loop 360, near the intersection of Loop 360 and Bee Cave Road. Houston-based Interfin Cos. is developing the 194-room Hotel Granduca Austin adjacent to the office building. The site, west of Dimensional Funds Advisors, is accessed ... Read More »

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 – HAR.com, 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 »

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