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Sale of AmREIT Firm Approved: Closing of Deal in Late Feb.

HOUSTON —  Shareholders of AmREIT Inc., a Houston-based real estate development firm, have approved the sale of AmREIT to South Carolina-based Edens Investment Trust. AmREIT controls a number of significant retail centers and mixed-use projects including the Uptown Park, a major Houston center that is undergoing a major redevelopment and high-rise densification. The deal will close between Feb. 18 and Feb ... Read More »

Houston’s Top 17 Catalyst Deals of the Year

HOUSTON – Houston realty outscored the nation in most categories last year. The city has more than 17 million square feet of office space under construction, far more than any other city. And it had more single-family housing starts than any other market in the nation last year. Plus, existing single-family sales are on a record-setting pace. While adding 125,000 ... Read More »

AmREIT Updates a $1 Billion Redevelopment Plan of Uptown Park in Houston

HOUSTON –  AmReit, a Houston-based real estate development that is slated by be acquired by Edens Investment Trust firm for  $763 million, issued an update for its  $1 billion redevelopment of Uptown Park in Houston. Uptown Park is located near the corner of Loop 610 and Post Oak Bouleavrd in Houston. AmREIT reported the following: •    Uptown Park – The Palazzi : A ... Read More »

Edens Agrees to Buy AmREIT for $763 Million

HOUSTON — Edens Investment Trust has agreed to acquire AmREIT Inc., a Houston-based real estate development firm for $763 million. AmREIT controls a number of significant retail centers and mixed-use projects including the Uptown Park, a Houston center that is undergoing a major redevelopment and high-rise densification. Edens will pay $26.55 per share in an all-cash transaction for AmREIT’s shares, ... Read More »

AmREIT Eyes High-Rise Densification of Buckhead Center Just Acquired for $28 Million

HOUSTON— AmREIT Inc., a Houston-based REIT, is considering a high-rise redevelopment of a Buckhead shopping center it has purchased in Atlanta. AmREIT may be pursuing in Atlanta the same densification strategy is it pursuing in Houston’s Uptown District – tearing down one-story retail and replacing it with high-rise office, hotel or condo towers. AmREIT paid $28 million to acquire Tuxedo ... Read More »

No Surrender: Regency Centers Remains Interested in AmREIT Take Over

HOUSTON – Regency Centers Corp. hasn’t given up on a proposed merger with AmREIT of Houston. The two firms are shopping center REITs and AmREIT has significant realty holdings in the Uptown area of Houston. Last month, Regency made a bid to acquire Houston-based AmReit for $22 per share or $433 million. But AmREIT rejected Regency’s bid. However in a conference ... Read More »

Regency Centers Offers to Buy AmReit for $433 Million

HOUSTON – Regency Centers Corp, of Jacksonville, Fla. has made a bid to acquire Houston-based AmReit for $22 per share or $433 million.  Both REITs have significant retail center portfolios. In a press release issued Thursday, Regency published its letter to H. Kerr Taylor, AmREIT’s chairman and CEO. “We are making this letter public because we feel that the potential ... Read More »

AmReit Plans $1.2 Billion Redevelopment of Uptown Park

HOUSTON – AmReit has announced a $1.2 billion plan to redevelop the 17-acre Uptown Park, a European-style shopping center on the west side of Loop 610 at Post Oak Boulevard not far from the Galleria in Houston’s Uptown area. The first part of the redevelopment effort will be the demolition of a building occupied by several retailers, and replacing it ... Read More »

AmReit Contracts to Buy Woodlake Center for $41.6 Million

HOUSTON – AmREIT, a Houston-based retail REIT, has contracted to buy the Woodlake Square Shopping Center at 9600 Westheimer Road for $41.6 million. The 161,000-sf center is 88 percent leased with Randall’s grocery, Walgreens and Jos. A Banks as key tenants. The seller is VIF II/AmREIT Woodlake, LP, a Texas limited partnership. Located near the corner of Westheimer and S. ... Read More »

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