The project will feature dining, restaurant and entertainment space, along with a corporate office campus, a hotel and residential space.

Watershed moments in commercial real estate separate the wheat from the chaff. Those that survive, thrive. That, in a nutshell, is The Inland Real Estate Group's story.

Although the Houston office market has been struggling as a consequence of crude oil hovering at the $50 per barrel bull/bear line, it remains one of the best six markets for investment in 2018.

The deal calls for ILG shareholders to receive $14.75 in cash and 0.165 shares of Marriott Vacations Worldwide common stock for each ILG share. The transaction is expected to close sometime during the second half of this year.