Regions Southwest
Lightstone Value Plus REIT Enters Hotel Market
Oct 26, 2007

The Lightstone Value Plus REIT has entered the hotel market with the purchase of two Baymont Inn & Suites that it plans to immediately convert to Extended Stay Deluxe hotels and renovate over the next year. Located in Houston and Sugar Land, Texas, these hotels will be managed by an affiliate of The Lightstone Group. The two hotels include the 145-room property at 15385 Katy Freeway (IH-10) in Houston, and the 145-room hotel at 13420 Southwest Freeway (Highway 59) in Sugar Land.

 
Recent Southwest Headlines
Houston Firm Bought in August Sells Manufacturing Facility
Oct. 10, 2008
Less than two months after being absorbed by a Russian manufacturer, the largest independent tubular manufacturer in North America, John Maneely Co. (JMC), has sold its 188,800-square-foot facility in eastern Houston to Miami-based Elite Sales Inc., an importer and wholesale distributor of wire rope, cable, strand, chain and hardware, for an undisclosed amount.
In Vegas, El-Ad Wins Battle over Plaza Name
Oct. 07, 2008
A $5 billion resort casino planned for the Las Vegas Strip will be able to be operate under the Plaza brand after a jury ruled that the developers could use that title despite the fact that another property in the city also goes by the Plaza name.
JCPenney Expands Houston Presence with 2 New Stores
Oct. 06, 2008
J.C. Penney Co. Inc. is swinging open the doors of two new locations in the Houston area, increasing its portfolio of new department stores in the market over the last three years to nine.
University Medical Center Buys Land for 500,000-SF Biotech Park in Dallas
Oct. 06, 2008
The University of Texas Southwestern Medical Center acquired a 13-acre site from the City of Dallas for the development of BioCenter at Southwestern Medical District, a 500,000-square-foot biotech park.
HFF Arranges $90M Refi for Houston CBD Office Building
Oct. 03, 2008
The Houston office of Holliday Fenoglio Fowler L.P. has announced  that it arranged a $90 million refinancing for 5 Houston Center, a 580,175-square-foot, Class A office building in Houston’s central business district.