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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 »

Retail Center Under Construction in The Woodlands

THE WOODLANDS, Texas – (Realty News Report) – The Howard Hughes Corp. recently broke ground on Lake Woodlands Crossing, a 62,565-SF retail center in The Woodlands Town Center. Lake Woodlands Crossing is located at the northeast intersection of Lake Woodlands Drive and Grogan’s Mill Road. Arch-Con Construction is the general contractor. CDA Architects designed the center, slated for completion late ... Read More »

The Sequel: Howard Hughes Corp. Starts The Woodlands Hills

CONROE, Texas – (Realty News Report) – Howard Hughes Corp., the developer of The Woodlands, has broken ground at The Woodlands Hills, a 2,000-acre community located about 13 miles north of The Woodlands. The Woodlands Hills will have 4,500 homes, retail development, 112 acres of open space, 20 neighborhood parks and a 17-acre Village Park. The first homes will open ... Read More »

New Westin Adds to Hotel Inventory in The Woodlands

HOUSTON – A new Westin has opened, adding to the hotel inventory in The Woodlands. The Westin at The Woodlands opened its doors in Town Center this month. The 302-room hotel is located at 2 Waterway Square Place. The Howard Hughes Corp., parent of The Woodlands Development Co., said it has completed 913 hotel rooms in The Woodlands over the ... Read More »

Houston Homebuilding: Land Sales Down 44 Percent in The Woodlands and Bridgeland

HOUSTON – Land sales are down 44 percent in two Houston communities – The Woodlands and Bridgeland – because the economy has softened, the Howard Hughes Corp. reports. Howard Hughes Corp., the owner of the two communities, disclosed the slippage in its annual earnings report comparing 2015 totals versus 2014. “An uncertain economic climate in the greater Houston area due ... Read More »

Ed Wulfe Starting Mixed-Use Project in The Woodlands

THE WOODLANDS – Wulfe & Co., a Houston company led by Ed Wulfe, is developing a 58,000-square-foot mixed-use project called East Shore Place near Grogan’s Mill Road in The Woodlands, the Houston Chronicle reported. Ziegler Cooper is the architect of the two-story project, which will have office space above ground level retail. Arch-Con Corp., a Houston firm led by Michael ... Read More »

Minnesota Energy Firm Moves HQ to The Woodlands

HOUSTON – NorthStar Midstream, a midstream crude and natural gas service, storage and transportation company, has relocated its corporate headquarters’ office from Minneapolis to The Woodlands, north of Houston. NorthStar leased  7,500 square feet on the top floor of Parkwood I, located at 10077 Grogan’s Mill Road. NorthStar was represented by Rob Banzhaf, Managing Principal of Newcor Commercial Real Estate ... Read More »

SEDCO of Saudia Arabia Advances “Shariah Compliant” Buying Spree in Houston

JEDDAH, Saudi Arabia – SEDCO Capital of Saudi Arabia says it has launched a buying program to acquire “a sizable portfolio” of seniors housing in the United States, in accordance with Islamic teachings about Shariah-compliant investing. Recently, SEDCO Capital in partnership with Kensington Realty Advisors of Chicago, acquired a seniors facility – the 207-unit Village at the Woodlands Waterway, just ... Read More »

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