Houston

CONROE, TX-Woodforest Development will start infrastructure work by year's end for the first phase of a master-planned community that includes 70 acres of commercial space.

HOUSTON-An Oklahoma City partnership replaces interim financing with $28.9 million in a 75% LTV package for the 377,750-sf build-to-suit for National Oilwell Varco.

HOUSTON-Phillips Development cranks up work on the last phase of the $211-million condo project near Texas Medical Center. The next wave of condos will deliver in fall 2008.

HOUSTON-TA Realty Advisors' Fund VIII buys Retreat at Cypress Station from a local developer. Similar assets in the market are selling for $110,000 per door.

HOUSTON-The buyer gets Parkgreen Apartments and neighbor, Parkway Apartments from unrelated sellers. About $4,000 per door will go into upgrading the class C assets.

HOUSTON-The developers will break ground in mid-October on the 312-unit Broadstone Cypress. Meanwhile, work has just begun on 353-unit Broadstone Walker Commons.

HOUSTON-As promised, Younan Properties gets keys to Two Westlake Park, a class A office building in the Energy Corridor.

HOUSTON-Transwestern will start work in Q1 on twin 14-story buildings in the Energy Corridor as part of its new benchmark, $1 billion of assets under construction or planned.