Elandis Buys 1000 Units in Houston in Its Quest for Sunbelt Multifamily
(By Dale King) HOUSTON – A South Florida real estate company formed a month ago has taken a major step into the Houston rental market,
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Avera Buys Acreage for Large Industrial Development Near the Port of Houston
HOUSTON – Avera Cos., a commercial real estate development, construction and investment firm, has acquired 41.5 acres to develop Bayport Industrial Park near the
Engineering Firm Breaks Ground; 100 New Jobs Coming
KATY – Pepperl+Fuchs broke ground last week on a 110,000-SF engineering facility in the Katy community’s West Ten Business Park near Houston. The project
Moody National REIT Buys Hotel Near Seattle’s Space Needle for $74 Million
HOUSTON – Moody National REIT II, a Houston-based hotel REIT, acquired the Marriott SpringHill Suites Hotel in Seattle for $74.1 million. The 234-room hotel is located near Puget Sound
Austin Hotel REIT Buys Hotel in Las Colinas for $10.5 Million at 7.7 Percent Cap Rate
IRVING, Texas – Austin-based Summit Hotel Properties sold its 128-room Holiday Inn Express & Suites located in the Las Colinas project in Irving, near Dallas for $10.5 million. The
Are Home Builders Headed for a Lot Shortage?
HOUSTON – Lawrence Dean, Metrostudy’s senior advisor for the Houston market, says nervousness about the energy industry and the Houston economy, is making it more
Home Builders Begin First of 6,000 Homes in New 3,642-Acre Master Planned Community in NW Houston
HOUSTON – A major master-planned community – that will eventually have 6,000 homes – is underway in northwest Houston. Home builders will begin construction in
New Office Projects Announced in Springwoods Village
HOUSTON – The American Bureau of Shipping is leaving Greenspoint to occupy a 10-story office building that will be constructed in Springwoods Village, where the
Indianapolis Firm Building Warehouse on Mexican Border
McALLEN, Texas – Pure Development, an Indianapolis-based firm, has started construction on a distribution and light-manufacturing center for Regal-Beloit in the Sharyland Business Park in
Dermody Properties Making Big Move into Texas
DALLAS – Dermody Properties of Reno, Nev. has acquired 60 acres off of Bonnie View Road in Dallas where it will develop a 1.1 million