Houston
GoldOller Picks North Houston Luxury Community for First Texas Buy
GoldOller Real Estate Investments, a Philadelphia-based owner and operator of apartment communities, recently entered the Texas market with the acquisition of the Trails at Dominion Park for $52.5 million. The 843-unit, luxury apartment complex is located on a 50-acre tract in North Houston, along the I-45 corridor.
Transwestern Tapped to Lease New Medical/Office Project in Cypress
The Houston office of Transwestern recently made public that it will be handling the leasing of Cypress Creek Lakes, a 29,000-square-foot medical and office development.
Cousins Secures 230 KSF Lease; Chambers Street Cashes In $26M for Sam Houston Crossing IInc.
By Eliza Theiss, Associate Editor Fully integrated, self-administered and self-managed REIT Cousins Properties Inc. has secured a 230,000-square-foot lease extension at Post Oak Central. Tenant Stewart Information Services Corp.’s contract was set to expire in September 2016. It has now been expanded until September 2019. The deal put Cousins’ 5.6 million-square-foot Houston portfolio at 96 […]
Berkadia Secures $40.3M in Financing for Houston, Southwest Fort Worth Acquisitions
The Austin office of Berkadia recently announced that it has helped secure a total of $40.3 million in financing for the acquisition of Thornbury Apartments in Houston and for The Retreat at River Ranch Apartments in Southwest Fort Worth.
City of Sugar Land, ACE Theatrical Group Break Ground on $74.3M Performance Venue
The City of Sugar Land in partnership with ACE Theatrical Group recently broke ground on a unique, $74.3 million state-of-the-art performance venue. The facility will be developed on a 38.5-acre tract located southeast of U.S. Highway 59 and University Boulevard.
ITEX Group Prepares to Break Ground on New Affordable Housing Project
ITEX Group, a private real estate investment firm headquartered in Port Arthur, TX will soon start work on turning an empty flea market into an apartment and retail complex. Dubbed The Village at Palm Center, the project will feature about 222 housing units – 154 apartments and 68 townhomes – and 14,500 square feet of retail space.
JW Marriott, Pearl Hospitality Announce Grand Opening of JW Marriott Houston Downtown
JW Marriott Hotels & Resorts and Pearl Hospitality have recently held the grand opening of the 328-room JW Marriott Houston Downtown. The hotel is located at 806 Main Street in the historic Samuel F. Carter Building and it represents Marriott’s first adaptive reuse project in Texas.
ARA Real Estate Investment Services Brokers Sale of 320-Unit Apartment Community
ARA Real Estate Investment Services, on behalf of Philadelphia-based Lubert-Adler Partners, recently helped with the sale of Tiburon, a 320-unit, Class A apartment community in Houston. The asset was acquired by a private individual for an undisclosed amount.
NRG Energy Announces 360 MW Peaking Plant Near Bacliff
NRG Energy Inc. recently announced that it has begun work on a 360 megawatt, natural gas-fired peaking plant on a 230-acre site near Bacliff. Upon completion, the plant is expected to power more than 70,000 homes during peak time.
EDENS to Buy AmREIT for $763 Million
At the Urban Land Institute’s Fall Meeting in New York City, Houston was declared the number one real estate market in the US. As revealed by ULI and PwC research, 2015 will be a big year for the Bayou City, yet, we don’t have to wait for next year to notice that big changes are already close at hand!