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Novare Group Unveils Plans for SkyHouse Main Luxury Tower in Houston CBD

Novare Group Unveils Plans for SkyHouse Main Luxury Tower in Houston CBD

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.…

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Milestone Apartments REIT Acquires Pearland’s Villas at Shadow Creek

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.…

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Skanska USA Ready to Start Development of West Memorial Place II

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…

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TODAY’S DEALS: Mack-Cali, Ironstate Land $192M via NorthMarq for Jersey City Apartment Tower

TODAY’S DEALS: Mack-Cali, Ironstate Land $192M via NorthMarq for Jersey City Apartment Tower

NorthMarq arranges $192 million for a 763-unit development; CBRE Global Investors acquires 432 units in The Woodlands; and Everbank funds a $2 million acquisition loan for a mixed-use property in Chicago.…

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D’Agostino Cos. Breaks Ground for The Offices at Sam Houston in West Belt Submarket

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…

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Houston’s Astrodome to Become World’s Largest Indoor Park?

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…

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Toll Brothers Moves Forward with Master-Planned Community Next to The Woodlands

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.…

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Howard Hughes Corp. Acquires 2,000 Acres of Land for Residential Development

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…

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MetroNational Announces Grand Opening of the Treehouse in Memorial City

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.…

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TODAY’S DEALS: Hunt Mortgage Group Refinances Two Houston Assets

TODAY’S DEALS: Hunt Mortgage Group Refinances Two Houston Assets

Hunt Mortgage Group (formerly Centerline) provides $12.5 million to refinance two Houston apartment assets; Walker & Dunlop structures $56 million in HUD financing for a Louisiana portfolio; and Meridian Capital arranges a $31.6 million financing with cash-out and reduced prepay penalty.…

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AmREIT Declines Regency’s Unsolicited Acquisition Proposal

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…

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CNL Healthcare Buys Specialty Hospital for $76M

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.…

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