Friday , 4 September 2015
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1 Million SF Data Center Under Way Near Dallas

DALLAS – RagingWire Data Centers purchased 42 acres of land in Garland, in the Dallas-Fort Worth area and plans to build a one million square foot, 80 megawatt data center campus.  Construction will begin immediately on the first of five 180,000 square foot data centers in the project, JLL said. The 42-acre parcel of land is located near other primary ... Read More »

Broken Spoke: CWS Capital Partners Buys Project Surrounding Landmark Texas Dance Hall

AUSTIN – The 704 mixed-use project which wraps around the famous Broken Spoke country and western dance hall has been purchased by CWS Capital Partners, a multifamily firm based in Newport Beach, Calif.  The 704 is a 378-unit multifamily property with almost 20,000 square feet of boutique retail and restaurant space developed in 2012 by a partnership comprised of Denver-based ... Read More »

Texas Builder Reports 75 Percent Increase in Home Sales

THE WOODLANDS, Texas – LGI Homes sold 320 homes closed in August 2015, up 75 percent from 183 home closings in August 2014. LGI operated in 49 communities in August. Headquartered in The Woodlands, Texas, LGI Homes builds homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina and South Carolina. LGI’s core markets include Houston, San Antonio, Dallas/Fort ... Read More »

College Station: Midway’s 60-Acre Mixed-Use Project Slated for Fall 2016 Completion

COLLEGE STATION, Texas – Midway Cos., a Houston-based development firm, is developing Century Square, a large mixed-use project in College Station, near Texas A&M University. Century Square features 60-acres of retail, restaurant, and entertainment options, along with 90,000 square feet of Class-A office space outfitted in a contemporary, modern aesthetic and complemented by onsite apartment homes. Century Square will also ... Read More »

$2 Billion Sale of Cushman & Wakefield Closes to Create One of the World’s Largest CRE Firms

NEW YORK – The $2 billion sale of Cushman & Wakefield, a global commercial real estate services firm, has been finalized, creating one of the world’s largest real estate companies. With this merger with Chicago-based DTZ, the new Cushman and Wakefield will have 44,000 employees and estimated annual revenue of $5 billion. Investor David Bonderman of Fort Worth is now ... Read More »

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 »

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