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"Concourse Development, the Houston real estate developer behind the Grand Prairie and Windrose Green master-planned communities, is merging with Maquina Holdings, which has invested in high-rises such as the Wilshire and the Lexington in River Oaks and the Hawthorne in Tanglewood. Run by Vicente Rangel, Maquina will be absorbed into the new firm with Concourse.

The merger, which closed Monday, creates Ember, a name inspired by the spark of something new. Ember's principals will be Rangel and Concourse's Harry Masterson and Jordan Mack, overseeing a roster of 11 projects mostly in the Houston region."

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