Saturday , 3 December 2016
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Brookfield Acquires DoubleTree Hotel in Downtown Houston

HOUSTON –  Brookfield Property Partners has acquired the 350-room  DoubleTree Houston Hotel in downtown Houston. The 20-story hotel is adjacent to Brookfield’s Allen Center, a 7-acre urban office park that is undergoing a $48.5 million redevelopment. Brookfield Property will be consulting with architects for a major renovation of the DoubleTree, 400 Dallas St, said Paul Frazier, executive vice president and ... Read More »

Transwestern to Lease Houston Building for Liberty Property Trust

HOUSTON – Transwestern has been retained by Liberty Property Trust to provide leasing services for Legacy at Fallbrook, a 206,808-SF office building in northwest Houston. Liberty Property Trust, a REIT based in Malvern, Pa., developed the five-story project, which was completed in 2015. Transwestern’s Eric Anderson, Tyler Garrett and Parker Burkett are leasing the property, 10720 W. Sam Houston Parkway ... Read More »

Fidelis Buys 641,000-SF Retail Center in North Texas

DENTON, Texas – Fidelis Realty Partners of Houston has acquired for Rayzor Ranch Marketplace, a 641,000-SF fully-leased retail power center in the Dallas-Fort Worth-area community of Denton. Holliday Fenoglio Fowler arranged $32.53 million in acquisition financing for Fidelis, a retail-focused firm, led by Alan Hassenflu. HFF, led by Jim Curtin, worked on behalf of Fidelis Realty Partners, to place the 10-year, ... Read More »

Fein Refinances Houston Apartments for $92 Million, CBRE Reports

HOUSTON – CBRE Capital Markets’ Debt & Structured Finance team has secured a $92 million loan for the refinance of Willowick Park, a 552-unit apartment community in the Inner Loop of Houston. The apartments, recently developed by Houston-based Martin Fein Interests, are located west of Weslayan Street and south of West Alabama. The properties included in the transaction are: Aria ... Read More »

Houston Office Market to Hit Bottom in 2017, Then Recover Slowly: Q&A with Jon Silberman of NAI Partners

HOUSTON – The Houston office market continues in the doldrums, unfortunately.  Oil prices rise and fall as does the commercial market in Space City. If only developers, tenants and brokers knew when the bottom would hit. To find out more about today’s commercial real estate market, Realty News Report turned to Jon Silberman, Managing Partner of NAI Partners in Houston. Jon ... Read More »

The Four Global Office Markets Taking the Hardest Hits from Oil Bust: Calgary, Moscow, Aberdeen And, Of Course, Houston

(By Dale King) Not all energy-producing markets are created equal – particularly those sent reeling by the double whammy of low fuel prices and decreased demand for office space. A report just released by global real estate services research firm Cushman & Wakefield plunks Houston firmly into that category along with such other highly oil-influenced cities as Moscow, Aberdeen and ... Read More »

Happy Thanksgiving From Realty News Report

Happy Thanksgiving from Realty News Report. We appreciate our readers and friends. We hope you have a fun day with family and friends and safe travels. Realty News Report has experienced an outstanding 2016 and we are grateful for the assistance and support we have received from so many great people and organizations. Realty News Report appreciates its outstanding sponsors: ... Read More »

Consumers will Spend a Little More for Turkey Dinner – And a LOT More for Christmas Presents, CBRE Reports

(By CBRE Research) – The American Farm Bureau estimates that Thanksgiving dinner for 10 cost $50.11 last year, a 1.4% increase over 2014. For 2016, it is expected that these costs will stay flat or decrease, as higher turkey prices will be offset by lower egg, dairy, and bread costs. Regionally, dinner for 10 will remain lower than the national ... Read More »

Massive Tire Warehouse: 17 Acres Under Roof at Hillwood’s Alliance Gateway 60

FORT WORTH – American Tire Distributors, one of the largest suppliers of tires in North America, is opening a 756,000-SF distribution center at Hillwood’s Alliance Gateway 60 in north Texas. The addition will create 60 new jobs. Headquartered in Huntersville, North Carolina, American Tire Distributors and its affiliates, employ more than 5000 people across the United States and Canada. Alliance ... Read More »

Asset Plus Multifamily Firm Leases Office Space for HQ

HOUSTON – Asset Plus Companies, a Houston real estate organization, has leased 29,026 SF of office space in west Houston for its headquarters. Dan F. Boyles, Jr. of NAI Partners represented Asset Plus in the lease negotiations, while Richard Plessala of American Medical Resources represented the landlord, 950 Corbindale, LP. The building is located near Interstate 10, west of Voss ... Read More »

Colliers: Fort Bend Office Market Softens

SUGAR LAND, Texas – The Fort Bend office submarket of the southwest side of Houston has experienced rising vacancy rates and declining rental rates, according to Colliers International. Fort Bend County’s average office vacancy rate in the third quarter was 10.1 percent, up from 8.8 percent in the third square of 2015. The Houston office market has been soft in ... Read More »

A Few Things Houston Real Estate People Should Be Thankful For

The memory of the worst Thanksgiving Day in history is fading. That was November 27, 2014 when instead of eating turkey, OPEC decided to wage war against the Texas energy industry by declining to cut oil production. Oil prices went into a nosedive, drilling activity was shut down and thousands of employees were laid off. Houston is still in recovery, ... Read More »

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