Friday , 26 April 2019
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Concrete Foundation Poured for 47-Story Office Tower in Downtown Houston

HOUSTON – (By Ralph Bivins, Realty News Report) –  Over the weekend, scores of concrete trucks poured the foundation for Houston’s next skyscraper – Texas Tower, a 47-story Class AA tower developed by Hines. The office building, already 33 percent leased, is scheduled to be complete by the end of 2021. Hines is also developing a 46-story apartment tower across ... Read More »

Caldwell Developing 1,200-Acre Community for Over-55 Homebuyers

WILLIS, Texas  – (Realty News Report) – Caldwell Communities has announced plans for a 1,200-acre active adult community in Willis, about 50 miles north of downtown Houston. The community, located just west of I-45 with direct access to Lake Conroe, this  gated residential community, Chambers Creek Ranch, will consist of 3,000 homes specifically designed for those 55 and older. The site ... Read More »

Blazer Breaks Ground on Apartment Project in Katy

KATY, Texas – (Realty News Report) — Blazer has started construction of Seville at Clay Crossing, a new high-end apartment community. The 351-unit property is located on the southeast corner of the intersection of Grand Parkway (SH 99) and Clay Road in Katy. Seville at Clay Crossing will offer multiple one, two and three-bedroom floor plans ranging from 684 SF ... Read More »

Goldman Sachs Group Buys Pearland Multifamily Project

HOUSTON – (Realty News Report)– Goldman Sachs Asset Management Private Real Estate has acquired the Retreat at Shadow Creek Ranch, a 370-unit multifamily asset in Pearland. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office arranged the sale on behalf of Inland Private Capital Corporation, a real estate investment firm based in Oak Brook, Ill. Built in ... Read More »

Global Gene and Cell Therapy Firm Selects Clear Lake Building for Entry into US

WEBSTER, Texas – (Realty News Report) – MaSTherCell U.S. LLC, a global medical manufacturing and biotechnology firm, has leased 32,000-SF in the Webster community on the southeast side of Houston. The leased represents MaSTherCell Global is expansion into the United States. The firm has facilities near Brussels, in Israel, and in Asia. Its Houston-area facility will be located at 253 ... Read More »

Major Redo at 1415 Louisiana Tower in Downtown

HOUSTON – (Realty News Report) – A $15 million capital improvement campaign was recently completed at the  43-story, Class A downtown office tower, which is owned by the Wedge Group Incorporated, a Houston private equity investment firm specializing in acquisition investments. Upgrades include a new lobby, a new building entry, a conference center and two new restaurants: Strato 550Restaurant and ... Read More »

Rosenberg Hotel Sold

ROSENBERG, Texas – (Realty News Report) – Illinois-based Imeri Enterprise purchased the 56-room La Quinta Inn & Suites Rosenberg at 28332 Southwest Freeway. The seller was Houston-based Gayatri International LLC. “We are finding that buyers from all over the country are drawn to Texas because of the booming economy,” said CBRE Vice President Dennis Drake. The transaction was arranged by ... Read More »

660 Units on Westheimer Bought by Memphis Investors

HOUSTON – (Realty News Report) – The 660-unit Artesian on Westheimer apartments have been purchased by a joint venture of Memphis-based Fogelman Properties and DRA Advisors of New York. The project, which is 92 percent occupied, has good access to the Energy Corridor and Westchase, said Mike Aiken, vice president of acquisitions for Fogelman. Since 2003, the Fogelman-DRA partnership has ... Read More »

Gensler Moving Out of Pennzoil Place to 2 Houston Center

HOUSTON – (Realty News Report) – The Gensler architecture firm has leased 45,000 SF in the 2 Houston Center building, which is getting a major redo by building owner Brookfield Properties. Gensler will be moving out of  65,000 SF at Pennzoil Place, a transformative masterpiece developed by Gerald D. Hines in 1975. Gensler was represented in lease negotiations by Tim ... Read More »

Hines Considers Mixed-Use Project in Deep Ellum District

DALLAS – (Realty News Report) – Hines is contemplating a 12-story, mixed-use project on Commerce Street in the Deep Ellum district of Dallas, reports Steve Brown of the Dallas Morning News. The proposed development would have 18,000-SF of restaurant and retail space, which will be leased by the Shop Cos. Six floors of office space will be constructed atop the ... Read More »

Entergy and Exxon Mobil Lease Space in The Woodlands

THE WOODLANDS –  (Realty News Report) – Entergy and Exxon Mobil leased space in the Lake Front North office complex owned by Howard Hughes Corp., the developer of The Woodlands. Entergy, a New Orleans-based electric power company, leased 54,000 SF in Lake Front North. Exxon Mobil, which has a 3 million SF campus in Springwoods Village in north Harris County, ... Read More »

Avenue Starting Near Northside Project with $3.4 Million from City

HOUSTON – (Realty News Report) – Avenue, an organization focused on affordable homes and strengthening communities, will soon commence on Avenue Center, a new mixed-use community resource center in Near Northside. The project begins following the city’s approval of $3.4 million in funding for the community center. The facility, which will include community services such as a health clinic and ... Read More »

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