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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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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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