Tuesday , 28 March 2017
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Exxon Mobil’s Houston Sell-Off: Aftershocks From the Move to New 3 Million SF Campus

HOUSTON – (By Ralph Bivins) – When Exxon Mobil announced in 2011 it would be moving to a 385-acre, 3 million-SF campus in north Houston, the aftershocks started rumbling n the Houston real estate market. The wave of Exxon Mobil’s monumental move is still working way through the Houston real estate market. Exxon Mobil’s prime Inner Loop parcel in the ... Read More »

Large Retail Center Underway at Aliana Master Planned Community in Fort Bend County

HOUSTON – Property Commerce, a Houston development firm led by Jay Williams, has acquired 38 acres on the Grand Parkway near the Aliana master planned community in Fort Bend County. Aliana, where 426 new homes were sold in 2016, ranks 17th nationally among the top selling communities, according to John Burns Real Estate Consulting. Property Commerce will develop a 438,000-SF ... Read More »

Houston Firm Buys Fort Worth Apartments

FORT WORTH – Venterra Realty of Houston has acquired Venue at Hometown, a 209-unit multifamily community in the Fort Worth suburb of North Richland Hills. Holliday Fenoglio Fowler arranged acquisition financing, seven-year, 4-percent fixed-rate loan with a life insurance company. The property is 94 percent leased. Venterra, with offices in both Houston and Toronto, employs more than 500 people and ... Read More »

Seniors Project in the Downtown of The Heights

HOUSTON – Houston Heights Tower, an eight-story seniors living facility on the walk-able 19th Street strip known as the downtown of the Heights, has completed a $12 million renovation. The 223-unit facility which opened in 1975, serves low- to moderate-income senior adults. The renovation was designed by Jim Gwin Architects. Comanche Contractors was the general contractor. “When we built Houston ... Read More »

Houston’s Quirky Elevated Buildings: Can “Stilts” Make a Comeback in the Inner Loop?

HOUSTON – (By Michelle Leigh Smith) – You see them all over Galveston Island. And if you are really observant, you see these rare structures sprinkled across Houston’s Inner Loop. We’re talking about buildings on stilts – the upright columns that support small, elevated buildings with surface-level parking underneath. How often have small buildings been built with stilts in dense ... Read More »

Targa Resources Signs Major Lease at 811 Louisiana in Downtown Houston

HOUSTON – Targa Resources Corp., one of the largest independent midstream energy companies in North America, has signed a long-term office lease at 811 Louisiana, a Class A, 577,735 square-foot office tower located in Houston’s Central Business District. Targa will occupy 127,734 square feet on four floors at the recently renovated 811 Louisiana building. The lease represents the largest new ... Read More »

Report: Skanska Preparing to Start Construction on Capitol Tower in Downtown Houston

HOUSTON – Skanska USA erected a construction crane in downtown Houston over the weekend, a sign that the firm expects to begin construction soon on an office tower, according to a report in the Houston Chronicle. Several years ago, Skanska announced plans to build a 35-story office tower on the site, a block bounded by Capitol, Rusk, Milam and Travis ... Read More »

67-Year-Old Mixed-Use Center Slated for Redevelopment on Prime Bellaire Corner

BELLAIRE, Texas – Bellaire Town Center, a retail/office complex that opened in 1950 in the heart of the Bellaire community, is targeted for a redevelopment and expansion. The two-story center, located at the southwest corner of Bellaire Boulevard and South Rice Avenue opened in 1950. Plans filed with the City of Bellaire indicate the center will be expanded from 39,000 ... Read More »

New Hope Housing Prepares for Eastward Exodus After Selling Its Downtown Property to Astros Owner Jim Crane

HOUSTON — (By Dale King) – After selling its downtown property to Astros owner Jim Crane, New Hope Housing is preparing for an exodus to a new facility on the eastern edge of downtown Houston. Building the new 175-unit complex is just another step in the organization’s relentless drive to fulfill its mission. Nearly a quarter-century ago, New Hope Housing ... Read More »

Entertainment Facility Leases 60,000 SF

PEARLAND, Texas – NAI Partners represented Urban Air of Pearland, LLC in leasing 59,908 SF of industrial/retail flex space located at 3207 S Sam Houston Parkway East in Pearland, Texas. Urban Air Trampoline & Adventure Park are targeted to family entertainment and gatherings. Jason Gaines of NAI Partners represented the tenant, Urban Air of Pearland, LLC in the lease negotiations, while Robert ... Read More »

The Lasting Appeal of a Louisiana Street Address: Q&A with Damon Thames of Colvill Office Properties

Downtown’s 811 Louisiana, a 26-story, 577,735-square-foot office building formerly known as Two Shell Plaza, is proving again that a Louisiana Street address appeals to the Houston marketplace. Two years after Shell Oil vacated the property, the structure has undergone an extensive redesign by Page architects. The lobby was transformed and rebranded and the entry was changed to 811 Louisiana. The ... Read More »

Namesake Henry S Miller III Rejoins Henry S. Miller Real Estate Firm

DALLAS – Henry S Miller III has rejoined the Dallas-based commercial real estate firm founded in 1914 by his grandfather, Henry S. Miller Sr. Mr. Henry S Miller III has been named as Managing Director of Mixed Use Development and Executive Vice President of the firm. (Note: Mr. Miller uses no period after his middle initial S.) Mr. Miller had ... Read More »

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