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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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Woodbranch Plans New Residential High-Rise for Downtown Houston

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…

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Hines Receives LEED Platinum Certification for Williams Tower HQ

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.…

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Hartman Short-Term Income Properties XX Purchases Houston Industrial Property; Bascom Acquires Sierra at Fall Creek

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.…

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Hillwood Communities Breaks Ground on $700M Houston-Area Development

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.…

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Taylor Morrison to Build New 400-Home Community in Cypress

Taylor Morrison to Build New 400-Home Community in Cypress

Houston seems to be the place for homebuilders to be, with Scottsdale, Ariz.-based Taylor Morrison expanding its residential footprint in Cypress. The developer has announced plans to build three new home collections at Alder Trails, a 155-acre community located just off Barker Cypress and south of Highway 290.…

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Alliance Acquires 308-Unit High-End Community; HFF Arranges Sale of 3-Property M-F Portfolio Near Texas Medical Center

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.…

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Morgan Launches New Pearl Luxury Community; Balfour Beatty General Contractor for 6 Houston Center

Morgan Launches New Pearl Luxury Community; Balfour Beatty General Contractor for 6 Houston Center

Houston - based The Morgan Group has commenced development of a new luxury apartment community under its Pearl brand. Morgan launched the Pearl brand in 2013 with the opening of…

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