Houston
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.
Woodbranch Plans New Residential High-Rise for Downtown Houston
The plethora of office projects that are either under construction or close to breaking ground in Houston has been giving incentive to real estate companies to focus on more and more residential projects. One such project is the Market Square Tower, a 40-story luxury high-rise, set to break ground in the following weeks and developed by Woodbranch Investments Corp.
Hines Receives LEED Platinum Certification for Williams Tower HQ
Hines Interests, LP has announced that their recently renovated headquarters in the Williams Tower has been granted the LEED Platinum Certification for Commercial Interiors, award given by the U.S. Green Building Council for outstanding ecological practices in the design of commercial, non-retail, spaces.
Hartman Short-Term Income Properties XX Purchases Houston Industrial Property; Bascom Acquires Sierra at Fall Creek
Hartman Short Term Income Properties XX, Inc., a Houston-based REIT, recently announced that Harman Mitchelldale Business Park LLC, an affiliate, purchased the Mitchelldale Business Park from Falcon Southwest for an undisclosed sum.
NAREE Houston Slideshow
If you haven’t heard, Houston is booming. The pipeline for both commercial and residential development is running full, and CPE got to tour a few sites while we were in town for NAREE’s 48th Annual Real Estate Journalism Conference this June.
Hillwood Communities Breaks Ground on $700M Houston-Area Development
Hillwood Communities, in a joint venture with McGuyer Homebuilders Inc. (MHI), has broken ground on Pomona, a new $700 million master-planned residential development in the heart of the rapidly growing Highway 288 corridor.
Alliance Acquires 308-Unit High-End Community; HFF Arranges Sale of 3-Property M-F Portfolio Near Texas Medical Center
Phoenix – based Alliance Residential Company has acquired City Park (formerly The Retreat at City Park), a 308-unit, Class A multi-family community in Houston, from Fulton Property Group of San Antonio.
White Oak Buys 300-Unit M-F Community; Memorial City Mall Adds Seven New Retailers
Columbus, Ohio – based White Oak Partners, LLC has acquired Colorado Club Apartments, a 300-unit multifamily community in East Houston. HFF marketed the property on behalf of the seller, Capital Equity Group of Cleveland, Ohio.
Hayman Acquires 518-unit Apartment Community; Richland Acquires Business Park
Troy, Michigan-based Hayman Company has completed the acquisition of The Lodge at Shadowlake, a 518-unit garden apartment community in West Houston.