Wednesday , 5 August 2015
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More Than Books: New Austin Library Part of Downtown Surge

AUSTIN – The new Austin Central Library, offering much more than books, is part of a wave of new development in downtown Austin. “The Central Library and café are in the center of a tremendous amount of new construction activity along West Second Street, including the Seaholm project, North Shore mixed-use development, 500 West Second Street and the proposed Austin ... Read More »

Economic Indicators: Pizza and Population

HOUSTON – More than 1,200 people a day relocate to Texas from other states, drawn by consistent job growth for the last four years. CBRE Research reports the population growth has an unforeseen side effect – an influx of pizza outlets. An excerpt from CBRE Marketflash: “Austin, Dallas/Fort Worth (DFW), Houston and San Antonio are among the fastest-growing metros in ... Read More »

Houston’s Energy Corridor: The Scariest Office Market in America

HOUSTON – There may be some scarier places in The Universe than West Houston’s Energy Corridor office market. But there aren’t many. On Monday, a big decline in oil prices, with West Texas Intermediate crude dropping to near $45 a barrel, cast an even darker shadow on the Energy Corridor. Since the beginning of the year, energy firms have slashed ... Read More »

Ziegler Cooper Architects Acquires HBL Firm

HOUSTON – Ziegler Cooper Architects has merged with the Hall Barnum Lucchesi Architects (ZCA+HBL), according to Scott Ziegler, founding principal of Houston-based Ziegler Cooper Architects. “The acquisition of HBL Architects is an exciting step for both of our firms and will allow the combined talents and resources of ZCA + HBL to better serve our clients in the design of ... Read More »

D.R. Horton Builders Moving Headquarters to Arlington, Texas

ARLINGTON, Texas – D.R. Horton, the largest home builder in the nation, is moving its headquarters from Fort Worth to Arlington. The builder will construct 150,000 square feet of headquarters office space on six acres along Interstate 30 near North Collins Street. D.R. Horton, which builds houses in 27 states, sold 34,684 homes in the 12-month period that ended June ... Read More »

California Firm Buys Houston Multifamily Project

HOUSTON – Santa Rosa, Calif.-based based Praxis Residential, Inc. acquired the 276-unit Carriage Place Apartments in northern Houston. “This is a true value-add play, ideal for repositioning it to be more in line with the surrounding Class A and B complexes,” says Brian Burke, President of Praxis Residential. The property is located near Interstate 45 and FM 1960. Situated on ... Read More »

Dallas Penthouse Priced at $24 Million

DALLAS — The developers of Museum Tower, a 42-story high-rise condominium tower located in Dallas’ Arts District have priced the penthouse at $24 million. The penthouse, features 9,350 square feet of living space, a rooftop terrace and unobstructed views of the city’s Downtown and Uptown. Completed in 2013, the 100-unit building, 1918 Olive St., will soon be 50 percent sold ... Read More »

Houston Retail Center Occupancy Rate at 96 Percent

HOUSTON – The Houston shopping center market shows “no noticeable effect” from the oil price downturn and city’s retail occupancy rate stands at 96 percent at midyear, according to a report by the Weitzman Group and Cencor Realty Services. “When the oil price slump began in the second half of 2014, some market watchers predicted that the retail market would ... Read More »

Canadian Investor Buys Industrial Buildings on Texas/Mexico Border

McAllen, Texas – Canadian investor Dalfen America Corp., purchased four industrial buildings in the 1,200-acre Sharyland Business Park in McAllen, near the Texas/Mexico border. The portfolio consists of 635,752 square feet and is 89 percent occupied. JLL Capital Markets managing director Randy Fleisher, who arranged a $60 million credit facility for Dalfen through Bank of America, said foreign investors are leading a ... Read More »

Dallas Group Buys Houston Building

HOUSTON – Regis Property Management, a Dallas-based firm has acquired a 100,000-square-foot office building in Houston’s Uptown/Galleria area. Built in 1981, the six-story building, 770 S Post Oak Lane, is located seven miles from downtown Houston. Regis Property Management is an affiliate of Gene Phillips’ Pillar Income Asset Management and currently manages 34 commercial properties comprising in excess of 6 ... Read More »

Venterra Buys 420-Unit Project In Houston

HOUSTON – Venterra Realty has acquired the Preserve at Colony Lakes, a 420-unit multifamily community in Stafford, Texas, about 20 miles southwest of downtown Houston. Holliday Fenoglio Fowler worked on behalf of Venterra Realty to secure the seven-year, 3.22 percent, fixed-rate loan with a life company correspondent lender.  Loan proceeds were used to acquire the asset by Venterra, which has ... Read More »

MOD Pizza Opening 30 Locations in Houston

HOUSTON – MOD Pizza has leased five retail locations in Houston and it plans to open 30 locations in Texas within the next four to five years, according to the Transwestern real estate firm. Transwestern’s Grant Walker, vice president, and Chris Reyes, broker associate, who serve as exclusive advisors for MOD Pizza in the Houston market, represented the retailer in ... Read More »

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