Houston

Houston’s Galleria will be home to a new Hyatt Hotel in the fall of 2015. The Hyatt Hotels Corporation recently announced that a Hyatt affiliate has entered into a franchise agreement with Songy HighRoads, an Atlanta-based company, for the development of the Hyatt Regency Houston Galleria.

Cabot Properties Incorporated, a Boston-based private equity REIT, has just closed on a three-building, industrial portfolio in Houston. The announcement was made through HFF, which brokered the transaction on behalf of the seller, East Group Properties.

Triten Real Estate Partners, a subsidiary of Triten Corporation, announced the ground breaking of the final industrial building at Intrepid Business Park. Located in Houston’s northwest industrial market, the Class A industrial park fronts Brittmoore Road and features easy access to Beltway 8, Interstate 10 and Highway 290.

By Liviu Oltean, Associate Editor Houston seems to be KB Home’s go-to multifamily market, seeing as the company just acquired a new tract of land in Spring Branch for the development of Hollister Commons, a residential community consisting of 44 single-family units. With pricing expected to begin in the low $300,000s, the project will be […]

Houston-based Fidelis Realty Partners recently completed the acquisition of a 112-acre tract at the former Camp Strake where it plans to develop a 750,000 square-foot shopping, dining and entertainment center.

Novare Group, an Atlanta-based real estate developer, recently submitted plans for the development of a new, 24-story luxury tower in Houston’s Central Business District. Named SkyHouse Main, the tower represents the company’s second multifamily project in the CBD and the third in the city of Houston.

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 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.

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.