Houston housing market sees gains in lower-end of market

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Homes priced between $100,000 and $250,000 saw the strongest sales gains while demand for luxury homes declined compared with last year, according to the latest report from the Houston Association of Realtors.

Westfield sells to France’s Unibail to create $72bn shopping mall group

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Unibail-Rodamco’s $25 billion deal for Australia’s Westfield will forge a 104-property company.

Houston Astros owner obtains $19M hotel construction loan in Palm Beach

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A company headed by Jim Crane, owner of the Houston Astros, obtained an $18.72 million construction loan for a hotel project in West Palm Beach.

The Woodlands-based Woodforest National Bank awarded the loan to Houston-based WPB Dugout Hotel LLC, managed by Crane. It covers the 0.72-acre site at 1675 Palm Beach Lakes Boulevard. HFF worked on behalf of the borrowers to secure the loan.

Westmont Hospitality Group will manage the hotel, which is expected to open mid-year 2018, according to a statement.…

BP pushes back move-in date for Energy Corridor campus

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The company’s west Houston campus sustained flooding damage after Hurricane Harvey.

Beck Redden renews lease in Houston Center complex

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Houston litigation firm Beck Redden has renewed its lease on the top two floors of LyondellBasell Tower in downtown’s Houston Center for 10 years.

Judge signs emergency order against Montrose Management District

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A district court judge on Monday signed an emergency temporary restraining order preventing the embattled Montrose Management District from issuing, collecting or spending assessments from commercial property owners in the Houston neighborhood.
An attorney representing property owners in two lawsuits against the district filed the order after learning it was planning to hold a board meeting Monday to discuss assessments and other matters.
The Montrose Management District is one of dozens in the Houston area created by the Legislature to promote economic development and make improvements to public areas in individual neighborhoods. Commercial property owners help pay for the improvements through assessments.

Houston developers announce Market at Houston Heights project

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Capital Retail Properties and Wile Interests have teamed up to transform 1.7 acres along North Shepherd Drive, south of 16th Street, into a 30,000-square-foot lifestyle center that will bring services and restaurants to a rapidly changing area of the Houston Heights.

Sweet Paris crêpe shop to open three more locations

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Sweet Paris Crêperie & Café plans to open three more Texas locations in the spring of 2018. The Houston-based restaurant, which opened in Rice Village five years ago, has other locations in CityCentre and Nuevo Vallarta, Mexico.

HISD to consider $126M plan to rebuild 4 Harvey-flooded schools

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Houston Independent School District announced Dec. 11 that a plan has been proposed to completely rebuild four elementary schools that sustained the most damage from Hurricane Harvey.

HISD’s board of education will consider the plan at its regular monthly meeting on Dec. 14, according to a press release. The plan is expected to cost $126 million — $30 million for each campus, plus a $6 million construction contingency — and would be funded by a combination of HISD’s operations reserves and…

Exclusive: New mixed-use development to rise in the Heights

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The project’s developer was inspired by the Heights Mercantile project, which delivered earlier this year.