Thursday , 21 September 2017
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Lionstone Investments to be Acquired by Columbia Threadneedle

HOUSTON – (Realty News Report) – Columbia Threadneedle Investments has announced an agreement for Columbia Management Investment Advisers, LLC to acquire Houston-based Lionstone Partners, Ltd., a leading national real estate investment firm operated as Lionstone Investments. Lionstone is a participant in a number of of major projects in Houston, including several with Midway Cos., including the GreenStreet mixed-used development in ... Read More »

Energy Corridor Office Building Sold

HOUSTON – (Realty News Report) – An investment group affiliated with Gearing Capital Partners of Dallas acquired a 137,000-SF office building at 16001 Park Ten in the Energy Corridor. The building, which is 100 percent vacant, will receive a multi-million-dollar redo, according to Stream Realty Partners, which handled the sale. Stream’s Ryan Bishop represented the seller, Spirit Realty. Bishop and ... Read More »

Texas Investors Buy North Houston Apartments

HOUSTON – Trinity Casa Verde LLC purchased the Casa Verde Apartments, a 384-unit apartment complex in north Houston near Interstate 45, Airline Drive and Beltway 8. Trinity Private Equity Group of Southlake, Texas and TRI Consulting Group coordinated the acquisition of the two-story, garden-style apartment community. CBRE’s Clint Duncan and Matt Phillips arranged the sale on behalf of the seller, ... Read More »

Brookfield Agrees to Buy Office Complex in Downtown Houston for $875 Million

HOUSTON – Brookfield Asset Management has agreed to pay $875 million for the 4.2 million SF Houston Center office complex in downtown in one of the largest transactions ever for Houston. J.P. Morgan Asset Management, represented by HFF, elected to sell Houston Center as the Houston office market enters a new epoch that redefines Class A space in Houston. The ... Read More »

Houston Gains 53,500 New Jobs

HOUSTON – The Houston area economy added 53,500 new jobs over the last year, one of the strongest job growth reports since job growth tailed off in 2015, according to the Texas Workforce Commission. The report covered a 12-month period ending Aug. 31, 2017. The sectors accounting for the bulk of the gains: manufacturing, healthcare and employment services (temporary help ... Read More »

Hurricane Response: “Companies in Need” Can Find Short-Term Office Space Through HAR Website

HOUSTON – The Houston Association of Realtors and its Commercial Gateway division have joined forces with Xceligent to create an online “temporary space finder” for companies displaced by Hurricane Harvey. The short-term lease listings can be found on www.CommGate.com. HAR said the effort is focused on “identifying existing spaces where a landlord is willing to execute a short-term lease for ... Read More »

August Home Sales Off 25 Percent as Hurricane Harvey Hits Houston Housing Market

HOUSTON – (By Realty News Report) – Houston home sales declined 25 percent in August as Hurricane Harvey knocked out hundreds of deals at the end of the month. The Houston Association of Realtors reported 5,917 single-family homes were sold in August, down from 7,927 homes sold in August 2016. “Home sales were humming throughout the first three weeks of ... Read More »

Only 40 of Houston’s 1,200 Office Buildings Damaged by Hurricane Harvey, CBRE Reports

HOUSTON – The vast majority Houston’s office buildings escaped major damage from Hurricane Harvey with flood loss primarily confined to West Houston, Allen Parkway, West Loop/Galleria and FM 1960/Highway 249, according to an analysis by global commercial national real estate firm CBRE. Forty of Houston’s 1,200 office buildings were damaged to a certain extent. Single-family homes and multifamily properties were mostly ... Read More »

Threats and Preparedness: Heightened Security Now a Top Priority for Building Owners

HOUSTON – (By Dale King) – The need for emergency preparedness and crisis management designed to protect humans and intellectual capital in commercial properties has spiraled upward in the modern era of evolving threats from natural and man-made sources. Facing a variety of dangers, from terror strikes and cyber-crimes to armed attacks inside and outside office and retail buildings, owners ... Read More »

How Hurricane Harvey Immediately Transformed Houston’s Apartment Market: Q&A with Teresa Guidotti Lowery of Colliers International

HOUSTON – Hurricane Harvey has upended Houston’s multifamily market. Just as the sector was recovering from years of overbuilding, the city incurred Harvey’s’ wrath. Harvey, which first made landfall in Texas as a Category 4 hurricane on Aug. 26 and then stalled over the Texas coast, broke all records to become the wettest tropical cyclone in the contiguous United States. Real estate research firm CoStar estimates that 
some 72,000 ... Read More »

Hurricane Harvey Wiped Out 3,000 Cars from Alamo, National and Enterprise Fleet

HOUSTON – Enterprise Holdings, the world’s largest car rental company, which owns the Enterprise, Alamo and National brands, announced approximately 3,000 of its vehicles destroyed or lost in the Hurricane Harvey flooding. The firm is rebooting, having already transported more than 4,000 rental cars and trucks into the Southeast Texas region, and anticipates bringing in 17,000 total before the end ... Read More »

Tilman Fertitta to Buy to Houston Rockets NBA Team

HOUSTON – Houston billionaire Tilman Fertitta, owner of the Landry’s restaurant chain and the Golden Nugget hotels and casinos, has agreed to but the Houston Rockets professional basketball team for $2.2 billion, the Houston Chronicle reports. Rockets owner Leslie Alexander announced several months ago that the NBA team was for sale. Fertitta, 60, is chairman of the Board of Regents ... Read More »

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