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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 »

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 »

RNR Real Estate Briefs from Houston, Austin, Dallas and San Antonio

HOUSTON – (Realty News Report) – HCA Houston Healthcare recently broke ground on the HCA Healthcare Center for Clinical Advancement, a new, state-of-the-art training center. NAI Partners’ Griff Bandy and Joe Bright represented HCA in the transaction for the 48,400 SF building at Pearland Town Center, 11200 Broadway St. It is scheduled to open by early 2021. The healthcare organization signed a ... Read More »

286-Acre Project Underway Near The Woodlands

THE WOODLANDS, Texas – A new master-planned community called Lakes at Creekside is under construction on a 286-acre tract north of Houston, near The Woodlands. David Alexander, vice president of Newcor Commercial Real Estate, worked with 14 landowners for more than three years to assemble the 286-acre parcel, near the southwest corner of Kuykendahl and Hufsmith roads. When completed, the ... 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 »

Toll Brothers Developing 692-acre Community Near New Exxon Mobil Campus North of Houston

HOUSTON – Toll Brothers is developing the 692-acre Woodson’s Reserve community north of Houston on the route of the new extension of the Grand Parkway – not far from the new 385-acre Exxon Mobil campus. Three home builders, Toll Brothers, Perry Homes and Meritage Homes will open for pre-sales in Woodson’s Reserve in early 2015. The site is on Riley Fuzzel Road, ... Read More »

Hotel Under Construction in Hughes Landing in The Woodlands

THE WOODLANDS, Texas – The Woodlands Development Co. has begun construction on a 205-key Embassy Suites Hotel at Hughes Landing, a 66-acre mixed-use development in The Woodlands north of Houston Hughes Landing is a waterfront development with retailers, dining, entertainment, multifamily residences and several new Class A office space. The first multifamily development in Hughes Landing, One Lake’s Edge, will feature 390 luxury ... Read More »

The ‘Second Energy Corridor’ – CBRE Re-drawing Its Maps to Account for Massive Growth in North Houston

HOUSTON – CBRE, one of the world’s largest commercial real estate firms, is re-drawing its research maps to account for Houston’s “Second Energy Corridor.” The Second Energy Corridor is developing on the north side of Houston where Exxon Mobil is constructing 20 buildings totaling 3 million sf. Exxon Mobil’s campus, which already has a few buildings operating, is believed to ... Read More »

Exxon Mobil Buildings Under Construction After The Woodlands Tops Rival Springwoods in Site Selection Bid

THE WOODLANDS – The Woodlands Development Co. starts construction this week on two new Exxon Mobil office buildings after The Woodlands beat out the Springwoods Village project to secure the energy company expansion. These two new buildings come on top of an enormous campus Exxon Mobil has underway north of Houston. Exxon Mobil is already constructing a 385-acre campus and ... Read More »

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