Sunday , 23 November 2014
Breaking News

Transwestern’s Headquarters Building in Houston is For Sale; Expected to Fetch More than $100 Million

HOUSTON – The headquarters building of Houston-based Transwestern, one of the largest commercial real estate firms in the nation, is being marketed for sale. The 21-story office tower is located at 1900 West Loop South at San Felipe Street in the Uptown area of Houston. The HFF company has been retained to market the 408,862 square foot building to investors ... Read More »

DATELINE HOUSTON: Oil Prices and Real Estate

HOUSTON – Texas real estate will be unscathed by the significant decline in oil prices this fall, although the topic is getting a lot of buzz in Houston, known as the “Energy Capital of the World.” Oil prices are a sensitive topic here. Houston was the place where the battle cry of the business community once was “$90 in ‘90” ... Read More »

Strongest October in Houston Real Estate History for Existing Homes Sales

HOUSTON – Houston residential realty had its best October ever as 6,639 single-family homes sold in October, the strongest October on record and a 12 percent over last October, according to the Houston Association of Realtors. The Houston housing inventory remains very tight, as home builders have been late to respond to a surge in demand. With the “shale revolution” ... Read More »

Lionstone and Hermes Form $250 Million Fund for U.S. Office Purchases

  HOUSTON — Lionstone Investments, a Houston-based real estate investment company has partnered with Hermes Real Estate, one of the largest real estate investors in the UK with over £6.6 billion of assets under management, to launch a new real estate investment program, capitalized with an initial $250 million of equity commitments. Lionstone-Hermes Real Estate Venture will invest primarily in office ... Read More »

Two Valencia Hotels Planned for College Station Mixed-Use Project

COLLEGE STATION – Midway Cos. has broken ground on a 60-acre mixed-use development with two hotels, office space, apartments, retail outlets and restaurants. The project, called Century Square, will be located across the street from the Texas A&M University campus in College Station. Century Square will have two full service hotels, The George (160-rooms) and Cavalry Court (140-rooms), developed in ... Read More »

Wedge Transforming Downtown Property: New Hotel and Upgrade to 43-story Office Tower

HOUSTON – Wedge Commercial Properties is planning to revamp  the 43-story Wedge International Tower in downtown Houston and develop a 12-story Hilton Garden Inn hotel adjacent to it. The 520,000-square-foot office tower has been renamed 1415 Louisiana, after its address. It is located on a block bounded by Louisiana, Milam, Clay and Bell streets, not far from the Hyatt Regency. ... Read More »

Hines, Cousins to JV Office Tower Project in Downtown Dallas

DALLAS – Hines, the Houston-based real estate firm, and Cousins Properties, the Atlanta-based REIT,  have formed a joint venture to develop the Victory Center office tower in the Uptown Dallas submarket. Designed by Duda/Paine Architects, Victory Center will be a 23-story, trophy office tower with approximately 466,000 rentable square feet of office and retail space and is expected to achieve ... Read More »

The Woodlands, Part 2: Home Sales Begin in 2016 for 2,000-acre Project by Woodlands Developers

THE WOODLANDS, Texas – Howard Hughes Corp., the developers of The Woodlands, announced home sales will begin in 2016 for a 1,996-acre project north of Houston, near Conroe. In May 2014, Howard Hughes Corp. acquired 1,343 acres of undeveloped land located 13 miles north of The Woodlands for  $67.2 million from the Hendricks brothers. Howard Hughes added to the parcel ... Read More »

Howard Hughes Developing Two Condo Towers in Hawaii

HONOLULU – Howard Hughes Corp. has secured a $600 million non-recourse construction loan from Blackstone Real Estate Debt Strategies for the development of Waiea and Anaha, the first two condominium towers at Ward Village. The financing was arranged by Randy Fleisher with the Dallas Capital Markets group of JLL. The two condo towers will have a combined total 482 units, plus retail space. ... Read More »

Hyatt Buys out Partner in Bastrop Resort for $143 Million

BASTROP, Texas – An affiliate of Hyatt Hotels Corp. has acquired its partners’ 92 percent interest in the 491-room Hyatt Regency Lost Pines Resort and Spa in Bastrop, Texas, for $143 million. The hotel is in Bastrop, east of Austin. In September 2011, the Bastrop area was struck with a massive wildfire, which burned 34,356 acres and destroyed almost 1,700 ... Read More »

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