Houston Real Estate News - The Real Deal

Autry Park adds office building as Houston pipeline thins out

Jess Hardin — Tue, 20 May 2025 22:14:00 +0000

Hanover Company and Local scored a construction loan to build a Houston office building as the market’s pipeline thins out. The Houston-based developers landed financing to build Autry Park One, a 128,000-square-foot office building that will be part of the mixed-use development Autry Park, according to a release. JLL’s Colby Mueck, Cortney Cole and Kevin […]

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McCord Development site in running for $5.9B Eli Lilly project

TRD Staff — Mon, 19 May 2025 21:00:00 +0000

One of the world’s largest drugmakers is sizing up a massive bet on Houston. Pharma giant Eli Lilly is planning a $5.9 billion investment for a massive pharmaceutical manufacturing facility in McCord Development’s Generation Park, a potential anchor for the city’s expanding life sciences sector, the Houston Business Journal reported. The Indianapolis-based company applied for […]

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Tannos stakes $1B mixed-use project as Magnolia population surges

TRD Staff — Mon, 19 May 2025 18:20:48 +0000

A $1 billion mixed-use district in the Houston suburb Magnolia aims to transform 200 acres of rural land into one of the largest commercial hubs in Montgomery County. Tannos Development Group’s planned Magnolia Town Center would bring 1 million square feet of construction to the fast-growing suburb about 45 miles northwest of Houston, the Houston […]

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Howard Hughes boosts office holdings with Woodlands buy

Jess Hardin — Mon, 19 May 2025 17:37:26 +0000

Howard Hughes Holdings is increasing its office space in the Woodlands with the purchase of a property in the community’s popular Waterway District. The firm picked up the 207,000-square-foot 10101 Woodloch Forest Drive for $16.3 million, according to a news release. That works out to about $79 per square foot. Howard Hughes plans to rebrand […]

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Galleria office on chopping block secures loan modification

Jess Hardin — Thu, 15 May 2025 17:30:00 +0000

A distressed office building in Houston’s Galleria area finally secured a lifeline after being threatened with foreclosure for over a year. The $68.8 million CMBS loan backed by One Riverway has been modified after it was transferred to special servicing two years ago, Morningstar Credit reported. The deal reached by landlord Unilev and Deutsche Bank […]

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Aramco’s downtown lease renewal boosts Brookfield’s Allen Center

TRD Staff — Wed, 14 May 2025 19:48:27 +0000

Aramco Americas is the latest energy heavyweight to re-up in downtown Houston’s Allen Center. The Houston-based subsidiary of Saudi Aramco is renewing its 173,800-square-foot headquarters lease at Two Allen Center, the Houston Business Journal reported. The Saudi-owned petroleum and natural gas giant has been based at the Brookfield Properties-owned complex since 2017, when it relocated […]

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Distressed hotel near Bush airport sells for 22% of appraised value

Jess Hardin — Wed, 14 May 2025 17:49:10 +0000

A chronically distressed hotel near George Bush Intercontinental Airport sold for a fraction of its pre-pandemic value. The Sheraton Houston North, at 15700 John F. Kennedy Boulevard, sold at auction for $14.8 million to an undisclosed buyer, Morningstar Credit reported. The sale is expected to close in June. The sale price works out to less […]

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Booming Texas Medical Center spurs multifamily development

TRD Staff — Tue, 13 May 2025 17:47:53 +0000

Plans for a long-awaited mixed-use hub near the heart of Houston’s medical corridor are finally kicking off. A Houston developer bought a key parcel near the Texas Medical Center, where it’s planning a 280-unit apartment complex set to catalyze one of the area’s last large-scale mixed-use developments, the Houston Business Journal reported. Winther Investments acquired […]

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Perfect storm: Gulf Coast rental haven turns buyer’s market

TRD Staff — Mon, 12 May 2025 21:00:00 +0000

What was once a pandemic-fueled boomtown for short-term rentals has flipped into the Houston region’s biggest buyer’s market. The number of homes for sale in Galveston has jumped 42 percent year-over-year, according to the Houston Association of Realtors, driven in large part by a wave of short-term rental owners looking to exit, the Houston Chronicle […]

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Ren fair’s “King George” ordered to pay $23M in botched sale

TRD Staff — Fri, 09 May 2025 18:47:20 +0000

The nation’s largest Renaissance fair is headed for the auction block, and its HBO-famous king is on the hook for millions. A Grimes County judge ordered the sale of the Texas Renaissance Festival, ruling that founder George Coulam breached a $60 million contract to sell the 255-acre property, and awarding over $23 million in damages […]

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