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Berkadia Secures $40.3M in Financing for Houston, Southwest Fort Worth Acquisitions

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.…

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City of Sugar Land, ACE Theatrical Group Break Ground on $74.3M Performance Venue

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.…

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ITEX Group Prepares to Break Ground on New Affordable Housing Project

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 –…

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JW Marriott, Pearl Hospitality Announce Grand Opening of JW Marriott Houston Downtown

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.…

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ARA Real Estate Investment Services Brokers Sale of 320-Unit Apartment Community

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.…

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NRG Energy Announces 360 MW Peaking Plant Near Bacliff

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.…

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EDENS to Buy AmREIT for $763 Million

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…

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Houston’s Galleria to Welcome Hyatt Regency Hotel

Houston’s Galleria to Welcome Hyatt Regency Hotel

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.…

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Cabot Properties Closes on Houston Industrial Portfolio

Cabot Properties Closes on Houston Industrial Portfolio

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.…

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Triten Real Estate Partners Breaks Ground on Final Building in Intrepid Business Park

Triten Real Estate Partners Breaks Ground on Final Building in Intrepid Business Park

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.…

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KB Home Acquires Land for New Spring Branch Community

KB Home Acquires Land for New Spring Branch Community

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…

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Fidelis Realty Acquires 112-Acre Tract North of The Woodlands for New Shopping Center

Fidelis Realty Acquires 112-Acre Tract North of The Woodlands for New Shopping Center

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.…

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