Houston

Panattoni Development Company and equity partner, MetLife Investment Management, have begun construction on a 642,994-square-foot class-A industrial warehouse in Pasadena called Bayport South.

Coinciding with Understory’s grand opening this week, a long-term agreement has been reached to bring a new cocktail bar, Silver Lining, to the culinary market at the Bank of America Tower.

Bell Partners will manage the Broward County property that is located in the growing job and housing markets of Fort Lauderdale and Boca Raton.

Apartment fundamentals in the Jacksonville MSA are solid. According to CBRE Econometric Advisors, employment gains in the market have been steady over the past few years and should continue to have a positive effect on the apartment market.

The hotel has undergone a meticulous renovation to include the restoration of the marble and Granux exterior and the marble-clad lobby, along with the Zoe Ballroom being restored to its original 1914 design.

Arroyo Energy Investors is moving from The Woodlands to 9,426 square feet on the fourth floor of CityPlace 1, which includes 122,500 square feet of office space and 27,000 square feet of retail.

Merriman Anderson/Architects modified the existing building structure of the former office building to provide the new hotel lobby on the second floor, and new meeting and ballroom space on the 20th and 21st floors.

As one of the economic and cultural centers of Texas, San Antonio’s trio of economic factors include low business costs, an advanced telecom infrastructure and an increase of young educated households with children.