Hospital-to-Resi Conversion Coming to San Antonio River Walk

Hospital-to-residential conversion is coming for a 24-story historic property fronting San Antonio’s River Walk. Houston-based InnJoy Hospitality plans to convert the former Nix Medical Center at 414 Navarro Street into apartments, the San Antonio Express News reported. The number of units hasn’t been disclosed. Documents filed with the state estimate construction costs at $10 million. […]

Hines’ Mansion in Houston’s River Oaks, Priced at $20M, Lands Buyers

A River Oaks mansion that once belonged to Houston real estate royalty has changed hands in one of the city’s priciest home transactions on record. An LLC tied to George DeMontrond III and Marilyn DeMontrond, who own more than a dozen auto dealerships across the country, bought the 17,000-square-foot estate at 2920 Lazy Lane Boulevard, […]

Tilman Fertitta Drops $450M on River Oaks District

Houston Rockets owner Tilman Fertitta reached deep into his pockets to acquire a high-end mixed-use complex in the Galleria area. Fertitta paid an estimated $450 million for the 14-acre River Oaks District, at 4444 Westheimer Road, the Houston Chronicle reported, citing sources familiar with the deal.  The seller was an affiliate of JPMorgan Asset Management, […]