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Chicago Investor Pays $115 Million for Building in The Woodlands

THE WOODLANDS – (Realty News Report) – An affiliate of Chicago-based Harrison Street Real Estate has acquired a medical building occupied by MD Anderson Cancer Center for $115 million. The seller of 208,000-SF building, 100 Fellowship Drive near Highway 242, was Howard Hughes Corp., the developer of The Woodlands. Paul Layne, CEO of Howard Hughes Corp., said the transaction is ... Read More »

Energy Firm Signs Major Office Lease in The Woodlands

THE WOODLANDS – (Realty News Report)- Western Midstream Partners leased 133,948-SF —  the top five floors of 9950 Woodloch Forest Drive, a prime office building in The Woodlands that had been occupied by Occidental Petroleum and Anadarko Petroleum. The 31-story tower is one of two premier Class AAA office towers and recently rebranded The Woodlands Towers at The Waterway. As ... Read More »

Real Estate Briefs – Houston, Dallas, Austin, San Antonio

HOUSTON – (Realty News Report) – CBRE Capital Markets Debt & Structured Finance has secured $16.1 million in bridge financing for Sugar Land Physicians Center, a 56,063 SF medical office building at 7616 Branford Place in Sugar Land. Dana Summers, Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell and Jim Korinek of CBRE arranged the loan on behalf of the borrower, American Commercial Contractors, LLC. Money360 provided the ... Read More »

Backfilling a Class AAA Office Tower

THE WOODLANDS – (By Ralph Bivins, Editor of Realty News Report) – A 30-story office tower located 30 miles north of downtown Houston goes vacant. The analysis template prompts the knee-jerk responses: crisis alert – punch the red emergency button.   While it’s true that the overall view of the Houston office market shows softness (20 percent vacancy, give or take). And it’s ... Read More »

OXY Sells Office Buildings in The Woodlands and Energy Corridor for $565 Million

THE WOODLANDS – (Realty News Report) – The Howard Hughes Corp. has acquired the two former Anadarko office towers in The Woodlands, along with a 63-acre corporate campus in the Energy Corridor, in a $565 million transaction with Occidental Petroleum. The huge real estate deal follows Occidental’s $55 billion purchase of Anadarko Petroleum Corp. last August. Subsequently, Occidental announced it ... Read More »

The Woodlands Reports $168 Million of Land Sales in 2014

HOUSTON – The Woodlands, a master planned community 27 miles north of downtown Houston, recorded $168 million in land sales revenue during 2014, according to the project’s owner, The Howard Hughes Corp. Commercial land sales totaled over $90 million, including a $71 million, 59-acre sale to a major hospital organization. Residential lot sales totaled $78 million, with 466 lots sold ... Read More »

The Woodlands, Part 2: Home Sales Begin in 2016 for 2,000-acre Project by Woodlands Developers

THE WOODLANDS, Texas – Howard Hughes Corp., the developers of The Woodlands, announced home sales will begin in 2016 for a 1,996-acre project north of Houston, near Conroe. In May 2014, Howard Hughes Corp. acquired 1,343 acres of undeveloped land located 13 miles north of The Woodlands for  $67.2 million from the Hendricks brothers. Howard Hughes added to the parcel ... Read More »

Howard Hughes Developing Two Condo Towers in Hawaii

HONOLULU – Howard Hughes Corp. has secured a $600 million non-recourse construction loan from Blackstone Real Estate Debt Strategies for the development of Waiea and Anaha, the first two condominium towers at Ward Village. The financing was arranged by Randy Fleisher with the Dallas Capital Markets group of JLL. The two condo towers will have a combined total 482 units, plus retail space. ... Read More »

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