Monday , 24 November 2014
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Rethinking Workplace Stereotypes

The new stereotypes are Baby Boomers want to work alone locked away in a corner office, while Millennials thrive in open collaborative space with ping pong tables. A new study by CBRE Group challenges some of the common assumptions. CBRE reports: “Age is less of a factor than widely thought when it comes to workplace preferences in the U.S., according ... Read More »

Ground Broken for 1,000-Acre Cane Island

KATY, Texas – Rise Communities is developing a 1,000-acre site in Katy into master-planned community to be known as Cane Island, a master-planned community with 2,000 new homes priced from the $200’s to the millions. Named after the 1872 settlement which later became Katy, the Cane Island master-planned community will be accessible from Interstate 10 at the new Cane Island ... Read More »

Hearst Selects HFF to Market Houston Chronicle Downtown Property

HOUSTON – Hearst Corp. has selected the HFF commercial real estate brokerage firm to handle the sale of its Houston Chronicle property in downtown Houston. Hearst interviewed a number of Houston’s leading commercial real estate brokers before selecting HFF, a national firm with a strong local office. The 10-story Chronicle building, 801 Texas Ave., covers a full city block and ... Read More »

Economist: Oil Prices Below $75 Could Make for a Bumpy 2015

HOUSTON – Falling oil prices are going to sap some of the momentum out of the Houston economy, particularly if oil remains below $75 a barrel in 2015, says Dr. Bill Gilmer, economist with the University of Houston’s Institute of Regional Forecasting. If West Texas Intermediate spends a lot of time below $75, Houston job growth could fall to 58,300 ... Read More »

256 Warehouses Selling for $1.6 Billion; Portfolio in Houston, Dallas, Atlanta, Chicago and More

LOS ANGELES– Colony Financial has agreed to acquire Dallas-based Cobalt Capital Partners and its portfolio of 256 primarily light industrial properties for $1.6 billion. The portfolio is leased to over 600 tenants and comprises over 30 million square feet across 16 major U.S. markets, with including Houston, Atlanta, Dallas and Chicago. “Over the last ten years, we’ve grown Cobalt, along ... Read More »

More Office Space Planned in LaCenterra as Demand Verified on the Grand Parkway in Far West Houston

HOUSTON – Developers are ramping up plans to build more office space in the LaCenterra at Cinco Ranch following strong preleasing in Phase III of the LaCenterra of Cinco Ranch on the west side of Houston. The project is being developed by a partnership of Vista Cos., which is a Houston company led by Woody Mann, and Denver-based Amstar. Transwestern ... Read More »

David Weekley Homes Enters Nashville Market

NASHVILLE – David Weekley Homes, the nation’s largest privately-held home builder, is entering the Nashville market. Houston-based Weekley expects to begin construction either late fourth quarter of this year, or early first quarter of 2015. “The growth and economic development in Nashville has attracted the attention of regional and national developers to begin new communities in the city,” said David ... Read More »

Two Houston Hotels Part of $107 Million Purchase

PALM BEACH, Fla. – Chatham Lodging Trust a hotel real estate investment trust, has acquired four hotels, including two Marriott-related properties in Houston’s Inner Loop, for $107 million. The four hotels, purchased for $186,000 per room, are: •   179-room Hilton Garden Inn Burlington, Mass. •   176-room Courtyard by Marriott Dallas in Addison, Texas. •   120-room Residence Inn by Marriott West University, at 2939 ... Read More »

Stream Partnership Buys 600 Jefferson Tower in Downtown Houston

HOUSTON – A partnership of Stream Realty Partners and DRA Advisors has purchased the 20-story 600 Jefferson office tower in downtown Houston. The 450,000-square-foot building, purchased from Brookfield Office Properties for an undisclosed price, will be upgraded with renovations to push the Class B building toward Class A status. United Airlines is the anchor tenant in the building, which is ... Read More »

Camden Planning a Pair of High-Rise Towers in Downtown Houston

HOUSTON – Camden Property Trust, a Houston-based REIT led by Ric Campo, is planning two high-rise residential towers in downtown Houston. The apartment towers will be built near the Toyota Center on two blocks bounded by Austin, La Branch, Pease and Bell. Camden is planning to construct a pair of 20-story buildings, each containing 550 units. The first building is ... Read More »

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