Wednesday , 2 September 2015
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Mariak Bringing Blinds and Shades Business to Ellington Warehouse

HOUSTON – Los Angeles-based Mariak, a leading manufacturer of custom window coverings, blinds and shades, has leased 104,000 square feet of industrial space in Ellington Trade Center on the southeast side of Houston. Industrial space on the east and southeast side of Houston has been in high demand as companies seek locations in the Port of Houston. “Mariak will be ... Read More »

Texas A&M – The Q&A: How the Largest Student Housing Project in America will be Built

COLLEGE STATION, Texas – Texas A&M University has launched a major construction project that will create one of the largest student housing complexes in the country on a 48-acre equestrian pasture at the southern end of the campus located in College Station. Not only that, the public-private partnership formed to pull the task together will funnel millions of dollars into ... Read More »

Houston Chronicle’s Demolition to Clear Way for Hines’ Next Addition to Houston Skyline

HOUSTON – Hines, one of the world’s most successful skyscraper developers, is expected to acquire the Houston Chronicle’s downtown property later this year and demolish the newspaper building. But with the Houston office market headed for the doldrums it will be years before the Chronicle site, 801 Texas Avenue, will have a new skyscraper on it.  A groundbreaking in 2018, ... Read More »

Class B Building in Austin Sold

AUSTIN – CBRE Capital Markets’ Investment Properties announces the sale of Westlake Place, a 60,338-square-foot, multi-tenant office building in Austin. Maryland-based Moore & Associates purchased the building from a California-based partnership. Westlake Place is a five-story building located at 1515 South Capital of Texas Highway, in the southwest Austin submarket. The Class B asset is 94.2 percent occupied and prominent ... Read More »

New Gemini-Rosemont Realty Venture to Acquire $3 Billion in Office Over Next Three Years

SANTA FE, N.M. – Santa Fe, NM-based Rosemont Realty and Hong Kong-based Gemini Investments have formed a joint venture to acquire $3 billion office properties in top U.S. markets over the next three years. The joint venture created a Gemini-Rosemont Realty to launch “an aggressive three-year, $3 billion acquisition program” with a strategy focused on Class A office in gateway ... Read More »

Houston REIT Buys North Texas Retail Center

KELLER, Texas – Houston-based Whitestone REIT acquired Keller Place, a retail project in the Dallas/Fort Worth area for $14.3 million. The 93,541 square-foot Kroger-anchored retail center is 92 percent leased. As part of the deal Whitestone obtained two developable land parcels with expansion potential of approximately 30,000 leasable square feet. “Keller Place meets our service-oriented, community centered property criteria. We are ... Read More »

Colliers: $3 Billion in Medical Development Underway in Houston

HOUSTON – Health care construction is surging in Houston. Some $3 billion is being spent to expand and construct hospitals, medical office buildings and specialized medical facilities throughout the Houston area, according to Colliers International. Almost 800,000 square feet of medical space is under construction. “Positive changes in the industry due to the Affordable Care Act, and the continued increase ... Read More »

White Oak Music Hall: Creating an Entertainment District?

HOUSTON – White Oak Music Hall, an a new entertainment complex, will anchor the emerging entertainment and commercial area that is just east of the Heights along the North Main light rail in Houston. White Oak Music Hall will have 2-story amphitheater, a restaurant and a 20,000 square foot outdoor grass viewing area with the ability to host over 2,500 attendees. Ryan ... Read More »

Apartment News Briefs from Realty News Report, a Ralph Bivins Publication

HOUSTON – Avenue Community Development Corporation (Avenue CDC) has broken ground on  Avenue Terraces, 48 new mixed-income apartments at 4300 Irvington Boulevard in Houston’s Near Northside neighborhood. Construction financing is being provided by Capital One, N.A. and tax credit equity financing is being provided through the National Equity Fund. “We are very excited to break ground on the new Avenue ... Read More »

Whitestone Buys Retail Center in Austin

HOUSTON – Whitestone REIT, a Houston-based firm that has been on an Austin acquisition streak, acquired the Quinlan Crossing retail center in Austin for $37.5 million. Since May, Whitestone REIT has acquired four retail centers in Austin. The 110,000-square-foot Quilan Crossing center, which is 95 percent leased, is located at the main entrance of the Steiner Ranch master-planned community, between ... Read More »

Lincoln Property Co. Buys Galleria Office Properties From Songy

HOUSTON  – Atlanta-based Songy Highroads has sold Galleria Place, a 401,271-square-foot office campus located across the street from Houston’s Galleria. The buyer is an affiliate of Lincoln Property Company. Galleria Place is a 6-acre property that contains the 11-story Galleria Place I office building, the 10-story Galleria Place II office building, the 5,797-square-foot Sage Plaza retail building, a 3,892-square-foot retail ... Read More »

ULI Houston: How Realty Will Fare in Energy Downturn

HOUSTON – Falling oil prices are squeezing the real estate markets in Houston, although some sectors are performing well in spite of the downturn, according to panelists at the Urban Land Institute luncheon Tuesday. The roughest spot: the Houston office market, particularly the Energy Corridor, where new buildings are being completed as energy companies trim their workforces. The brightest spot: ... Read More »

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