Greystar, a global leader in real estate, has launched its first build-for-rent project in Houston, Texas, with the opening of Summerwell Sunterra. The community offers residents the privacy and comfort of single-family homes without the hassles of ownership, along with access to resort-style amenities and a crystal lagoon.
Three Pillars Capital, a leading real estate private equity firm, has successfully exited Aspen Apartments, achieving a profitable return of 18.5% IRR. This exit adds to the firm’s growing list of profitable ventures, showcasing their expertise in value-add renovations and strategic investment decisions. The firm’s focus on delivering strong returns to investors and its commitment to acquiring new assets positions it for continued success in the real estate market.
The Texas Travel Summit, the state’s premier tourism and travel event, is set to take place in Houston from October 14-16, 2024. This three-day summit will bring together industry leaders, travel professionals, and tourism advocates to discuss the latest trends, technological innovations, and strategies to enhance Texas’s position as a top travel destination.
Jonathan Katz, a prominent figure in EPC contracts for energy and infrastructure projects, has joined Latham & Watkins in Houston as a partner in the Project Development & Finance Practice. With extensive experience across the full spectrum of project development, Katz strengthens Latham’s position as a leading firm for project development and finance matters, offering comprehensive solutions to clients.
The Sustainable Aviation Futures North America Congress, taking place in Houston, Texas from October 2-4, 2024, will bring together over 600 leaders in the aviation decarbonization field. The event focuses on achieving net-zero aviation emissions and scaling Sustainable Aviation Fuel (SAF) production by 2050. Through panel discussions, technical sessions, and networking opportunities, attendees will collaborate and explore solutions for a sustainable future of air travel.
Lone Star PACE, a leader in Texas’ Commercial Property Assessed Clean Energy (C-PACE) program, has secured $40 million in C-PACE financing for the revitalization of ViVa Center, a 2.3-million-square-foot technology hub in Houston. The project will transform the former Compaq Computer headquarters into a state-of-the-art data center, fueling the growth of AI and cloud computing.
Bobby Singh, a 52-year-old Indian-American man, has been arrested for the murder of 21-year-old Nepalese student Muna Pandey in Houston. Pandey was found shot multiple times in her apartment on Monday, and Singh was identified through CCTV footage and arrested after a traffic stop. The Nepalese community is rallying to support Pandey’s mother and bring her to Houston for her daughter’s funeral.
A 21-year-old Nepalese student, Muna Pandey, was found dead in her Houston apartment after being shot multiple times during an alleged robbery. The suspect, 52-year-old Bobby Sinh Shah, has been arrested and charged with murder. A GoFundMe page has been set up to help Pandey’s mother travel to the US to be with her daughter during this difficult time.
The 2100 Memorial Senior-Living Community in Houston has reopened after being completely rebuilt following Hurricane Harvey’s devastation. This marks a major milestone for many seniors who were displaced by the storm and now have the opportunity to return to their homes. The new building features modern amenities, senior-friendly design, and resilience features to protect against future flooding.
The US hotel industry is showing mixed results in mid-August, with Houston experiencing significant growth while cities like San Francisco and Atlanta see declines. CoStar’s data reveals these trends, highlighting Houston’s strong performance in occupancy, ADR, and RevPAR.
