The Howard Hughes Corp. will develop a Class A office building for Alight Solutions near Houston in The Woodlands. Alight, a technology-enabled health, wealth and human capital management solutions provider, will occupy the 180,000-square-foot property under a long-term lease agreement. HHC will erect Alight’s new four-story office building at 8770 New Trails Drive within The Woodlands’ Research Forest technology corridor. The build-to-suit deal paves the way for Alight’s relocation from its current home at 9500 Lakeside Blvd., which is also located within the Research Forest. Click to read more at www.cpexecutive.com.
The dream team behind the new PGA headquarters resort gathered in Frisco last night to give an update on the 600-acre development. The invite-only event featured three discussions moderated by Dave Marr III of SirusXM’s PGA Tour Radio. Among the featured speakers: PGA of America CEO Seth Waugh, golf course architects Gil Hanse and Beau Welling, World Golf Hall of Famer Lee Trevino (who was uproariously funny) and his mentor Bill Eschenbrenner, and Bob Rowling, chairman and CEO of TRT Holdings, which owns Omni Hotels. Click to read more at www.dmagazine.com.
Hartman Income REIT has purchased Ashford on the Bayou, a five-story office building in west Houston near the Energy Corridor. Built in 1983, the renovated property is 55 percent leased. HFF marketed the property for the seller, Los Angeles-based RPD Catalyst, and arranged a five-year, fixed-rate acquisition loan with RGA Reinsurance Co. for the buyer. Terms were not disclosed. The 126,811-square-foot building is situated on 2.5 acres at 1001 S. Dairy Ashford, south of Buffalo Bayou. The property has an attached seven-story, 467-space parking garage and borders Terry Hershey Park. Click to read more at www.houstonchronicle.com.
The 72-story Bank of America Plaza is the second-tallest building in Texas and one of the five skyscrapers with the most floors west of the Mississippi. The 1.85 million-square-foot Main Street office tower outlined with miles of green lights has been owned since 1998 by Metropolis Investment Holdings, a Chicago-based real estate firm that manages assets for a German family investment group. Click to read more at www.dallasnews.com.
If you live in North Texas, you pretty much worship the Dallas Cowboys, and the team’s most famous quarterback, Roger Staubach. Starting next year, Cowboys fans can live right next door to their dream team’s 91-acre world headquarters and practice facility in Frisco, Texas, about 28 miles north of Dallas. Even better news: the $62.5 million project is being developed through a joint venture with Roger Staubach, one of the most famous players in football history, Cowboys current owner Jerry Jones, and former Cowboys center Robert Shaw, a Dallas-based developer. Click to read more at www.forbes.com.
Hartman vREIT XXI Inc., a publicly registered non-traded real estate investment trust, has purchased the Spectrum Building, a 10-story, 175,300-square foot office property located in San Antonio, Texas, for $16.5 million, or approximately $94 per square foot.
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