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Category Archives: Land

The Woodlands, Part 2: Woodlands Developer Buying 2,000 Acres for Community 13 Miles North of The Woodlands

THE WOODLANDS, Texas – The developer of The Woodlands is buying 2,000 acres for a sequel to Houston’s largest master planned community. The site, where home sales will begin in 2016, is 13 miles north of The Woodlands on the west side of Interstate 45 near League Line Road and the Conroe community. The owner of The Woodlands, Dallas-based Howard ... Read More »

$200 Million Dirt? — Exxon Mobil Selling Off Premier Infill Site in Houston with JLL

HOUSTON – One of the finest infill development sites in Houston – an Exxon Mobil research campus between the Galleria and downtown – is going on the market. The Real Estate Alert newsletter said the parcel – almost 17 acres along Buffalo Speedway – could bring as much as $200 million, a phenomenal price that would set a new standard ... Read More »

The Hottest Half-Mile in America: Lakes On Post Oak Sell-Off Continue Deal Parade

HOUSTON – The Lakes on Post Oak, located just south of Houston’s Galleria, is trading hands and Trammell Crow Residential is making a play on the four acres of development land there – in what may be the hottest strip of real estate in the nation this summer. The 23-acre development, developed by Hines, consists of three office buildings totaling ... Read More »

Texas Triangle Industrial Site Purchased

SEGUIN, Texas – Rockspring Capital, a privately-owned real estate investment firm based in Houston, has purchased a 121-acre industrial, development-ready site in Seguin, Texas. Rockspring Capital acquires with all cash in markets within the “Texas Triangle” – Houston, Austin, San Antonio and Dallas/Ft. Worth. The Seguin site is about 160 miles west of Houston, 40 miles from San Antonio and ... Read More »

Hillwood Starts New 1,000-acre Pomona Community South of Houston; Deal Comes Only Weeks After Hillwood Sold Off Sienna Plantation for $78 Million

MANVEL, Texas – Hillwood Communities, in partnership with McGuyer Homebuilders Inc. has announced plans for its first Houston-area master-planned community, Pomona off of Highway 288 in Manvel, south of Houston. Hillwood describes the 1,000-acre project as a “relaxed coastal community.” The $700 million project will have 2,100 single-family homes. The first phase of Pomona will break ground in spring 2014 ... Read More »

Toll Brothers Group Buys 3,700 Acres in Fort Bend – Reported Price Tag is $78 Million

HOUSTON – Toll Brothers, Inc., a leading builder of upscale homes, in a joint venture with GTIS Partners, have acquired the 3,700-acre Sienna South, the last major undeveloped parcel of Sienna Plantation master planned community in Fort Bend County. The purchase price was not disclosed but the Wall Street Journal pegged the value of the deal at $78 million. The ... Read More »

KB Home on a Lot-Buying Rampage in Houston

HOUSTON – KB Home is engaged in a high-speed expansion in Houston, opening 10 new communities in the first part of 2013 following a whopping increase in its acquisition of lots. In 2013 alone, the builder acquired ownership or control of more than 3,600 lots in the greater Houston area, representing a 414 percent increase over the number of lots ... Read More »

Chevron Buys City Block in Downtown Houston

HOUSTON – Chevron Corp. has purchased a city block in downtown Houston not far from the site of its proposed 50-story office tower. Chevron bought the block bounded by Travis, Leeland, Milam and Pease. The site is used as a surface parking lot. It is anticipated that the block will be used as a lay-down yard for construction materials when ... Read More »

Mixed-Use Project Proposed for 15 Acres in Heights Area of Houston

Houston  – Capcor Partners and Kaplan Management Co. have announced plans for a mixed-use development on 15 acres in the Washington Avenue/Heights area, just northwest of downtown Houston. The site, at the corner of Studemont and Interstate 10, was purchased from Grocers Supply, which will relocate within the next two years. Capcor principal Josh Aruh envisions a combination of multifamily, ... Read More »

Hines and Oaktree Acquire 40 Buildings Near Kansas City

LENEXA, Kan. – Hines, the Houston-based real estate firm, in conjuction with Oaktree Capital Management, has acquired the Southlake Technology Park and Lenexa Industrial Park – a total of 40 buildings and 70 acres of land near Kansas City, Mo. The two commercial real estate parks comprise 1.67 million SF located near the intersection of Interstate 35, Interstate 435 and ... Read More »

Hines Buys 536-acre Behnke Ranch in Tampa for Major Development

TAMPA, Fla. – The Houston-based Hines real estate firm has acquired the 536-acre Behnke Ranch property in Tampa where it will develop a signature mixed-use, master-planned community. The property has approved zoning and entitlements in place for the construction of 550 single-family homes, 200 townhomes, 440 multifamily units, 300,000 SF of commercial space, and 530,000 SF of office/light industrial space.  ... Read More »

Cameron Developing Major Corporate Campus in Houston’s Westchase District

HOUSTON – Cameron International, a Houston-based oilfield services and equipment firm, is planning a massive corporate campus with multiple office buildings along Beltway 8 in the Westchase District on Houston’s west side. On its Westchase site, Cameron International is expected to construct multiple office buildings with more than 1 million square feet of space, which is equivalent to a downtown ... Read More »

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