HOUSTON—When it comes to development, arguably the most active state in the country for construction projects has been Texas. And within the Lone Star State, the energy-sector-powered city of Houston and its environs have seen more projects get started this past year than some markets have seen in a decade. So it's so surprise, then, that at least one of Real Estate Forum's 2014 Deals of the Year—to be featured the next issue—is located here.

Right before the holidays last year, Trammell Crow Co. and joint venture partner Clarion Partners broke ground on Fallbrook Pines Business Park in northwest Houston. The first phase, scheduled for completion in the first quarter of 2015, will include four concrete, tilt-wall office/warehouse buildings totaling 709,045 square feet, making Fallbrook Pines Business Park the largest industrial project under construction in the Houston region.

“What makes this development unique is that the northwest submarket is the largest and most diverse industrial submarket in the Houston region, and the lack of developable land sites in the core of the northwest submarket has limited the amount of new construction in the area,” Jeremy Garner, principal of Trammell Crow Co.'s Houston business unit, told GlobeSt.com. “This has pushed developers and tenants to sites on the periphery of the northwest submarket and into adjacent submarkets.”