Houston
Milestone Apartments REIT Acquires Pearland’s Villas at Shadow Creek
Milestone Apartments Real Estate Investment Trust just increased its Houston footprint by entering an agreement of purchase and sale for Villas at Shadow Creek, a 560-unit multifamily community located in the Pearland submarket.
Skanska USA Ready to Start Development of West Memorial Place II
Skanska USA Commercial Development will soon begin work on the development of West Memorial Place II, a 381,000 square-foot office building in the Energy Corridor. The 14-story office building will rise on the company’s 12-acre acre site on Memorial Drive, where they are on track with the development of another office project, West Memorial Place I.
D’Agostino Cos. Breaks Ground for The Offices at Sam Houston in West Belt Submarket
In January, 2014, D’Agostino Companies proposed the development of a four-story, 113,000-square-foot office property at the corner of Sam Houston Park Drive and Houston Oakes Drive. They had tapped CBRE to handle the leasing of the asset and they had stated that development would start as soon as the property is at least 25 percent preleased. After eight months and already having more than 50 percent of the asset preleased, D’Agostino Companies recently broke ground on The Offices at Sam Houston.
Five Mile, Crocker Partners Sell Houston Office Tower to MetLife
The Lakes on Post Oak office complex is located in Houston’s Galleria/Uptown district.
Houston’s Astrodome to Become World’s Largest Indoor Park?
When it had opened its doors for the first time on April 9, 1965, the Astrodome was the world’s first multi-purpose domed sports stadium. On that day, the dome was celebrated by 47, 879 people, who were cheering at an exhibition match between the Houston Astros and the New York Yankees. Among the cheering crowd, in a private box, there sat President Lyndon Baines Johnson and his wife, Lady Bird.
Toll Brothers Moves Forward with Master-Planned Community Next to The Woodlands
A new master-planned community is in the works west of The Woodlands. Developed by renowned Toll Brothers, the community will be spread across 600 acres along FM 2978, according to the Houston Business Journal.
Howard Hughes Corp. Acquires 2,000 Acres of Land for Residential Development
By Liviu Oltean, Associate Editor Dallas-based Howard Hughes Corp. revealed in its second-quarter earnings report that it has closed on 1,343 acres of undeveloped land 13 miles north of The Woodlands. Furthermore, it has entered into a sale and purchase agreement slated to close in September 2014 to acquire 652 adjacent acres from a different […]
MetroNational Announces Grand Opening of the Treehouse in Memorial City
MetroNational recently announced the completion and grand opening of the Treehouse Memorial City, a two-story, 14,700-square-foot structure designed to emphasize Houston’s architectural prowess and innovation.
AmREIT Declines Regency’s Unsolicited Acquisition Proposal
Regency Center Corporation announced three weeks ago that it offered to acquire AmREIT, Inc. for $22 per share. Their unsolicited acquisition proposal represented a 20% premium based on the average closing price of AmREIT’s common stock over the last 30 days, and also exceeds AmREIT’s all-time high stock price by more than $2 share.
CNL Healthcare Buys Specialty Hospital for $76M
CNL Healthcare Properties, an Orlando-based REIT that focused on senior housing and healthcare facilities, recently announced the $76 million acquisition of the Houston Orthopedic & Spine Hospital campus (HOSH), representing the REIT’s largest single-property investment.