Wednesday , 2 September 2015
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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 »

Hines Starts Master Planned Community in Dallas Area

FRISCO, Texas – Hines with and partner Trez Capital of Canada acquired 311 acres in Frisco, near Dallas, for a master-planned community called Edgestone at Legacy. The land deal was handled by JLL. Home builders in Edgestone include:  Coventry Homes, Darling Homes, Highland Homes, Huntington Homes, Shaddock Homes, and Village Builders. Houston-based Hines has done a lot of land development, ... Read More »

Transwestern: Multifamily Strong in Spring Branch Submarket

HOUSTON – Transwestern’s Houston Multifamily Investment Services Group completed the sale of a two-property multifamily portfolio totaling 117 units in Spring Branch. Transwestern Managing Director Ed Cummins and Senior Associate Ryan Mendez represented the seller, OSD Ltd. “Demand for well-located assets in the Spring Branch submarket remains high,” said Mendez. “Our team has completed three sales within the area in ... Read More »

Skanska Pours Foundation for Future 35-Story Tower in Downtown Houston

HOUSTON – Skanska USA says it’s just planning ahead. But over the weekend, the firm was preparing for the future in a very tangible way – by pouring 9,300 cubic yards of concrete for the foundation of its proposed Capitol Tower in downtown Houston. Someday, the foundation will be used by Skanska for a 35-story, 750,000-square-foot office tower at 800 ... Read More »

Boot Ranch Community Sold

FREDERICKSBURG, Texas –Terra Verde Group, in a partnership with Wheelock Street Capital have acquired Boot Ranch, a 2,052-acre private master-planned community located in Fredericksburg west of Austin, from Lehman Brothers. The acquisition includes Estate and Cabin home sites, a 55,000 square foot members-only clubhouse and village complex, a 4.5-acre pool and sports campus, an 18-hole Hal Sutton designed championship golf course, ... Read More »

Oxberry Developing Residential Tower in Houston’s Museum District

HOUSTON – Oxberry Group has announced plans to develop The Mondrian, an eight-story, 20-unit condominium in the Museum District in Houston’s Inner Loop. The Mondrian will be located at 5104 Caroline on the corner of Palm Street, just north of Hermann Park and the Texas Medical Center. Hallmarks of the building, which is being co-designed by the Houston and Washington, ... Read More »

Lovett Redeveloping “One of the Most Important Tracts in the City of Houston”

HOUSTON – Lovett Commercial, a Houston firm led by veteran developer Frank Liu, has acquired the downtown U.S. Post Office property, a key 16-acre redevelopment site overlooking Buffalo Bayou. Lovett is expected to develop a mixed-use project with retail, residential and office on the Post Office site, 401 Franklin Street. The Post Office redevelopment is the most important project ever ... Read More »

Industrial Strength: 158 Warehouses Under Construction in Texas

HOUSTON – Texas is in the midst of a warehouse boom. CBRE Research reports 158 large industrial buildings were under construction in the state during the second quarter of 2015. Dallas, a major retail distribution hub, leads the way with 14 million square feet of industrial space under construction, CBRE reported. Houston, riding the wave of a petrochemical growth, has ... Read More »

Apartment Briefs from Realty News Report, a Ralph Bivins Publication

IMT CAPITAL ACQUIRES 392 APARTMENT UNITS IN HOUSTON FOR $90.1 MILLION HOUSTON – IMT Capital LLC, together with its affiliate, IMT Residential, has acquired IMT Uptown Post Oak, a 392-unit apartment community at 1111 Post Oak Blvd. near Houston’s Galleria The complex was acquired for $90.1 million from Plano, Texas-based Monogram Residential Trust in a deal brokered by David Oelfke ... Read More »

Retail Centers are White Hot Investments as Occupancy Hits 10-Year High

HOUSTON – Prices for Houston retail properties jumped sharply in the last 12 months  – more than 20 percent in some cases, reports Deal Sikes & Associates, a Houston-based real estate valuation firm. “Even though Houston has been one of the nation’s leaders in population growth for some time, the pace of shopping center construction has been very modest in ... Read More »

Sims Building Residential Tower Designed by PJAR Architects

HOUSTON – Sims Luxury Builders is developing a Aurora, a 16-story residential high-rise designed by Philip Johnson/Alan Ritchie Architects. The 40-unit project, with homes priced at $2 million and up will be located at 4906 Tilbury Drive in the Hidden Oaks neighborhood of Houston, near Uptown Park and the Galleria. The Aurora’s classic modernist architecture is by Philip Johnson/Alan Ritchie ... Read More »

Bulletproof: Houston No. 1 in Housing Starts, Despite Oil Bust

HOUSTON –  The list of woes is long in the oil patch. The rig count is way down and layoffs in the oil business have been staggering. West Texas Intermediate crude closed below $43 a barrel Friday after being over $107 in the summer of 2014. And it looks like oil prices will be down for a long time. But ... Read More »

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