CYPRESS – Chevron has acquired more than 77 acres in Cypress’ Bridgeland community for a possible research and development campus. The California-based oil giant purchased the land from real estate developer Howard Hughes within the 11,500-acre master-planned community about 33 miles northwest of downtown Houston. The land was purchased for an undisclosed price in two transactions—in December 2022 and […]
Archives: September 2023
Howard Hughes breaks ground on The Woodlands' first luxury high-rise apartments
THE WOODLANDS – Real estate developer Howard Hughes has broken ground on 1 Riva Row, the city’s first high-rise apartment tower. The 13-story, 268-unit apartment project will rise about a block south of the manmade water feature, The Woodlands Waterway, off Six Pines Dr. less than half a mile from Chevron Phillips Chemical’s offices. Units will range from 600 to […]
Three changes Texas real estate licensees need to know about
AUSTIN – Several changes Texas real estate licensees need to know about have either taken effect or will soon take effect. PrivacyA bill passed by the 88th Texas Legislature requires all licensing agencies, including the Texas Real Estate Commission (TREC), to remove or redact certain details about applicants and current and past license holders in publicly […]
Home Price Forecasts Revised for 2023 [INFOGRAPHIC]
Some Highlights Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease. Connect with your […]
Planned Celina community updates development agreement
CELINA – An updated plan for a 641-acre community was approved that will include more dedicated park land. Located at future Custer Rd. and north of CR-130, Rainwater Crossing will now have more open space, wider sidewalks, more amenity centers, and updated zoning. It will also have 1,300 multi-family units, 300 tiny home rentals, and 2,200 single-family […]
Dumas ISD welcoming new elementary schools
DUMAS – Dumas ISD will unveil two new elementary schools this year and the following. The first school, Dumas North Elementary, was built with growth in mind and can hold 200 additional students. It has several new safety features, including shatterproof windows and a storm shelter area with reinforced walls and windows with storm shutters. The […]
1M-sf Fort Worth warehouse project begins construction
FORT WORTH – A one million-sf industrial project has begun construction at Everman Pkwy. and I-35. The $70 million warehouse will have speculative office space and will be completed in October 2024. The project’s developer, TCRG Opportunity VII, a subsidiary of TCRG Properties, also developed a 1.1 million-sf speculative warehouse in Synergy Crossing near Harmon Rd. […]
ABIA breaks ground on West Gate expansion
AUSTIN – Austin-Bergstrom International Airport’s (IBIA) $164 million West Gate expansion project, the largest yet in a series of airport upgrades, has officially broken ground. The 84,500-sf expansion will include three new boarding gates; five new waiting areas; replacements for 12 boarding bridges; new concessions, restrooms, children’s play area, family and nursing rooms; meditation room; and pet relief room. Other developments that […]
Flower Mound breaks ground on final phase of $2B community
FLOWER MOUND – Construction has begun on 58 homes along Lake Grapevine in the 156-acre community. The first phase will be 21 homes that will be finished in 2024. They will start at $2 million and range from 2,700 to 3,800 sf with a Mediterranean style. The homes are part of the final phase of […]
Two affordable housing projects underway in Houston
HOUSTON – New Hope Housing is embarking on two new construction projects, NHH Gray and NHH Berry, to provide 315 affordable housing units for low- and moderate-income residents. Located at 706 Berry St., NHH Berry will have 180 one-, two- and three-bedroom apartment homes. NHH Gray, located at 2604 Gray St., will have 135 one- […]