Sunday , 29 November 2015
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Ed Wulfe Starting Mixed-Use Project in The Woodlands

THE WOODLANDS – Wulfe & Co., a Houston company led by Ed Wulfe, is developing a 58,000-square-foot mixed-use project called East Shore Place near Grogan’s Mill Road in The Woodlands, the Houston Chronicle reported. Ziegler Cooper is the architect of the two-story project, which will have office space above ground level retail. Arch-Con Corp., a Houston firm led by Michael ... Read More »

Mercantil Commercebank Buys Bank Site Near Energy Corridor

HOUSTON – Vista Mason Creek, Ltd. has sold a one acre site to Mercantil Commercebank National Association in West Houston. The property is specifically located at the northeast corner of Interstate 10 West and Merchant’s Way in Mason Creek Corporate, which is a 110 acre business park located at the northeast corner of I-10 and Mason Road. Mercantil will build ... Read More »

Hotels Cluster Around New Exxon Mobil Campus

HOUSTON – Woodbine Development Corp. and InterMountain Management have opened the 128-room Residence Inn by Marriott Springwoods Village adjacent to the new 3 million-SF Exxon Mobil campus north of Houston. It is the first of four possible hotels slated for the 1,800-acre Springwoods Village, a $10 billion project being developed by CDC Houston, a subsidiary of Coventry Development of New York. ... Read More »

Martha Turner Becomes Chairman Emeritus at Houston’s Turner Realty Firm

HOUSTON  – Martha Turner Sotheby’s International Realty announced today that Founder & Co-President Martha Turner and Co-President Tom Anderson are transitioning into new positions as Chairmen Emeritus as the company paves the way for longtime Vice President of Sales Marilyn Thompson to assume the role of President. The residential firm has 240 sales associates with offices located in Briar Hollow/River Oaks, Memorial, ... Read More »

Larry Johnson Firm Buys 600 Acres in Richmond, Texas for Master Planned Community

RICHMOND, Texas – Johnson Development Corp. has acquired a 590-acre tract in Richmond, southwest of Houston, for a master planned community with 2,500 homes. The site is north of U.S. Highway 59 near the Sweetgrass active-adult community being developed by Del Webb. Johnson said development activity is expected to begin by mid-2016 with construction of new homes projected for early-2017. ... Read More »

Skanska Starts 81,000 SF Building on Aggie Campus

COLLEGE STATION, Texas – Skanska USA has been awarded a $21 million contract with Texas A&M University to oversee the construction of the Agriculture & Life Science Building 4. The project broke ground last week and it will be completed in February 2017. The new five-story, 80,000 square-foot building will house the university’s Department of Wildlife and Fisheries Sciences. The first ... Read More »

Multifamily News Briefs from Realty News Report

DALLAS — Olympus Property has acquired Alexan Arts in Dallas, a 368-unit luxury mid-rise apartment community set on more than 3.5 acres just east of Olympus’ headquarters in Fort Worth. Built in 2015, Alexan Arts’ amenities include a clubhouse with social lounge and resort-style swimming pool with outdoor grills. It is the sister property to Olympus’ Mosaic high-rise property, also ... Read More »

Is it Time to Buy Houston on the Dip? The Q&A with Andrew Segal, chairman of Boxer Property

Buy low and sell high is the mantra of many a real estate entrepreneur and no more than with Andrew Segal, chairman and CEO of Houston-based Boxer Property. Founded in 1992, privately owned Boxer has purchased more than 18 million square feet of real estate around the nation, realized over 100% return on properties sold and closed more than 100 ... Read More »

Rising Mortgage Rates Will Restrain Housing Market Gains in 2016

SAN DIEGO – The nation’s home sales will show an uptick next year, although the progress will be impeded by rising mortgage rates, the chief economist of the National Association of Realtors told real estate agents at the organization’s annual convention in San Diego on Friday. “Another year of stronger housing demand and sales will be driven by increasing consumer ... Read More »

UH Economist Bill Gilmer: A Bumpy Road Ahead, But Houston Should Emerge to Good Job Growth in 2017

HOUSTON – It’s all about oil in Houston right now. The drop in oil prices this time last year continues to send ripples throughout Houston’s economy. At the University of Houston’s Institute for Regional Forecasting Fall Symposium on Thursday economist Bill Gilmer gave an outlook difficult for optimists to swallow, noting Houston is in a serious downturn (not recession) and ... Read More »

The Future of Houston and Its Shopping Centers: Q&A with Ed Wulfe, the Dean of Texas Retail Real Estate

When Ed Wulfe, chairman & CEO of Wulfe & Co., started out in the real estate business, a barrel of oil cost $1.50.  A lot has changed since 1963 in energy and retail. Considered the dean of retail real estate in Houston, Ed is the ‘go to guy’ for local, national and international retailers wanting to know about the Houston ... Read More »

Giorgio Borlenghi Opens His Second Granduca Hotel, More May Come

AUSTIN – Houston developer Giorgio Borlenghi has opened his second Granduca hotel, in what could become a small chain of high-end hotels. The new Hotel Granduca Austin is a 194-room property on a hillside near the corner of Bee Caves Road and Loop 360. In an interview last year, Borlenghi said his goal is to expand the Granduca brand with ... Read More »

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