Sunday , 25 September 2016
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Trinsic Gets Refi for Energy Corridor Multifamily Project

HOUSTON – Holliday Fenoglio Fowler (HFF) has secured financing for Aura Memorial, a 388-unit, multi-housing community in Houston’s Energy Corridor. Working on behalf of the borrower, Dallas-based Trinsic Residential Group, HFF placed the seven-year, floating-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. Aura Memorial is located at 14900 Memorial Drive between North Eldridge Parkway and Dairy ... Read More »

CBRE: Texas Retailers Scored A+ on Back to School Shopping

(By Dale King) When it comes to back-to-school shopping, the Texas, Oklahoma and Arkansas triad packs more dollar-for-dollar wallop than most other parts of the USA, says a report prepared by SmartAsset, a web-based consumer financial information service provider. “Because of the region’s relatively low cost of living coupled with healthy median incomes, shoppers have the added bonus of stretching ... Read More »

Hines Sells Project in Disney’s Innovative “Celebration” Community

CELEBRATION, Fla. – Hines has sold its multifamily complex in Celebration, the utopian master-planned community developed by The Walt Disney Company near Orlando. Southstar Capital Group purchased the 306-unit complex from Hines, which was represented by ARA/Newmark in marketing the apartments, called Aviva at Celebration. Aviva at Celebration was developed on 14.4 acres and contains 290,000-SF in six four-story buildings. ... Read More »

Historic Peak: Full Floor Leased at the Top of Art Deco Tower (Former HQ of Gulf Oil and Texaco)

HOUSTON – Colvill Office Properties has closed on a 4,000-SF office lease to The Mitchell Group at The Jones on Main, a rebranded historic office project in downtown Houston. The historic Art Deco project was once the headquarters of Gulf Oil Co. many years ago. The Mitchell Group leased the entire 31st floor in the project, which has small floor ... Read More »

Texas Triangle: Over 13 Million SF of Office Space Under Construction

THE TEXAS TRIANGLE – More than 13 million square feet of office space is under construction in the Texas Triangle —Austin, Dallas-Fort Worth and Houston, according to a new report by CBRE Research. The Texas Triangle report said the Dallas/Fort Worth market leads the state with 7.5 million square feet of new office projects under construction, followed by Houston with ... Read More »

Shell Oil Leaving Downtown Houston

HOUSTON – Shell Oil Co., a stalwart anchor for downtown Houston since 1971, is vacating the 50-story One Shell Plaza and other downtown office space. In the first quarter of 2017, Shell’s 3,400 downtown employees will transfer to suburban facilities — Shell’s Woodcreek Campus and the Shell Technology Center. Shell is subleasing its 350,000 SF in One Shell Plaza and ... Read More »

Travis County Seeking Developer Proposals for Prime City Block in Downtown Austin

AUSTIN – The Travis County government in Austin, represented by CBRE, is soliciting development proposals for a full block in downtown Austin. The site, at 308 Guadalupe Street, is bounded by Third and Fourth Streets to the south and north, and Guadalupe and San Antonio Streets to the east and west. The block is catty-cornered from the W Hotel and ... Read More »

Transwestern: Sublease Supply Up 118 Percent in Houston Office Market

HOUSTON – The Houston office market has experienced a 118 percent increase since the first quarter of 2015, according to Transwestern. The surge in sublease space supply – Houston office market has 11.2 million SF of sublease space currently on the market – has developed as energy firm have shed excess office space. In a recent sublease move downtown, Freeport ... Read More »

AMLI Sells 334-Unit Apartment Project Near Medical Center

HOUSTON – A joint venture of Chicago-based Origin Investments and F&B Capital of Austin acquired the 334-unit AMLI at the Medical Center apartment complex on Almeda Road in Houston. The seller, AMLI, has six other apartment projects in Houston and thousands of units across the nation. The project, located on a 14-acre site near Old Spanish Trail, was completed in ... Read More »

Texas Attracting Huge Numbers of International Homebuyers

(By Dale King)  International purchasers of homes in the United States added more than $10 billion to the Texas economy from April 2015 to March 2016, says a report prepared by the Texas Association of Realtors. Commenting on the findings, a major real estate firm in Houston said the reasons given by foreign buyers acquiring homes in the U.S. generally ... Read More »

Major Retail Tenant Signed for New Mixed-Use on Kirby Drive

HOUSTON – A large entertainment and restaurant tenant has leased space in the Kirby Collection mixed-use project which is under construction on Kirby Drive, just north of Richmond Avenue in the Inner Loop of Houston The tenant – Pinstripes – leased 33,830 SF in the  Kirby Collection. Pinstripes is a dining and entertainment venue will feature a variety of activities including ... Read More »

New Partnership Office Tower Open In Downtown Houston

HOUSTON – Partnership Tower, the newest office building in downtown Houston is now occupied. The 10-story, 100,000-SF building, 701 Avenida de las Americas, is connected to the north end of the George R. Brown Convention Center The Greater Houston Partnership, Houston First Corporation and the Greater Houston Convention and Visitors Bureau are now in their new home in Partnership Tower, ... Read More »

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