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Tag Archives: Texas Medical Center

Historic Medical Towers Building in Texas Medical Center to be Redeveloped as Hotel

HOUSTON – (Realty News Report) – The historic Medical Towers building in the Texas Medical Center is being transformed into the 273-room Westin Houston Medical Center hotel. Pearl Hospitality of Houston is redeveloping the 18-story building, which opened in 1954 at 1709 Dryden Road, between Main and Fannin streets. The mid-century modernist building, located across the street from Houston Methodist ... Read More »

ObamaCare and $3 Billion in Construction: Q&A with Matt Gilbert of Transwestern Houston

  HOUSTON – During this turbulent political season, the Affordable Care Act (ACA), also known as ObamaCare, has been in the spotlight. So what does this mean for Houston, which boasts the world’s largest medical center. To find out, Realty News Report spoke with industry expert Matt Gilbert, who joined Transwestern’s Houston Healthcare Advisory Team as vice president in October. ... Read More »

35-Story Apartment Tower Planned Next to Texas Medical Center

HOUSTON – A joint venture of Greystar and Medistar Corp. have announced plans to develop Ascent Med Center, a 35-story apartment project on the western edge of the Texas Medical Center in Houston. Groundbreaking for the 375-unit project will be in the first quarter of 2016 with Hoar Construction as the general contractor. The project, located at the corner of ... Read More »

Houston Medical Office Market Gains Occupancy in 2014

HOUSTON – Houston’s medical office market demonstrated strength in 2014, according to a medical office report by Colliers International. The citywide average vacancy rate was 11 percent at year-end 2014, down from 12 percent at the end of 2013, Colliers said. “Disciplined medical office development activity has helped prevent major upheavals in current vacancy levels,” the report said. Sublease space ... Read More »

Chicago CRE Firm Enters Houston Market

HOUSTON – Chicago-based Waterton Associates LLC, a U.S. real estate investor and operator, has entered the Houston market with its acquisition of the Villas at Hermann Park, a 320-unit wrap-style rental community adjacent to Hermann Park and the Texas Medical Center., whose 54 institutions employ approximately 106,000 people, making it the largest collective employer in Houston and the world’s largest ... Read More »

Memorial Hermann Spending $533 Million to Build 1 Million SF in Houston’s Texas Medical Center

HOUSTON — Memorial Hermann Healthcare System is launching a $533 million expansion that will add a major hospital tower and 160 additional hospital beds to its facility in the Texas Medical Center campus in the Inner Loop of Houston. The master plan project includes construction of the Hermann Pavilion 2, a 17-story hospital that will provide the Texas Medical Center ... Read More »

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