Tuesday , 23 September 2014
Breaking News

Novare Starting Another High-Rise Residential Tower in Downtown Houston

HOUSTON – The Novare Group is planning another SkyHouse-branded residential high-rise tower in downtown Houston. The 24-story building will be located across the street from its recently completed SkyHouse Houston, 1625 Main Street. The new building, called SkyHouse Main, will be a 335-unit project with ground-floor retail. Construction on the 24-story will begin later this year and is slated to ... Read More »

Braun Sells Austin Office Building to Boston Group

AUSTIN — Boston-based Taurus Investment Holdings purchased Centennial Towers, a six-story, 156,293-square-foot office building in the North Central Austin submarket. CBRE Capital Markets handled the sale of Centennial Towers on behalf of the seller, Braun Enterprise, a Houston-based full-service real estate company. Centennial Towers is 95 percent occupied with multiple tenants, including KBR, TRC Environmental Corporation, The University of Texas ... Read More »

Groundbreaking for New Houston Office Building on Site of Former Courtyard on St. James Wedding Venue

HOUSTON – Groundbreaking has been held for an office building that is being constructed on the site of the old Courtyard on St. James wedding venue in Houston. Nelson Murphree Legacy Partners, LLC held a ground breaking ceremony this week for its new boutique-style office project located at 1885 St. James Place just northwest of the Galleria in Houston, Texas. ... Read More »

Israeli Realty Firm Buys New Office Building in West Houston for $76 Million

HOUSTON – An Israeli real estate investment firm has purchased a recently completed office building in west Houston for $76 million. HFF closed the sale of and arranged acquisition financing for the building, which is named 8 West Centre. The Class A office building is located along the West Sam Houston Tollway in Houston, near Kempwood Drive. HFF marketed the ... Read More »

Westchase Building Sells for $53 Million; New Owner May Build Another Tower On Site

HOUSTON – Clarion Partners, a leading real estate investment manager headquartered in New York, purchased the Westchase Corporate Center, a 184,259 square foot, Class A office building in west Houston for approximately $53 million. With the building acquisition, Clarion is also gaining the opportunity to build another office building on land now used as a parking lot for Westchase Corporate ... Read More »

Mega-Deal: Downtown Building Sale May Bring Record Price

HOUSTON – After a year of singles, grounders and bunts, investors may be ready to hit a grand slam home run in the Houston office market. In fact, it could be the biggest deal in Houston’s real estate history. The 36-story office building at 1000 Main Street in downtown Houston is being marketed for sale and it is expected to ... Read More »

Hampton Inn in Downtown Austin (Tallest Hampton in the World) Sells for $53 million

AUSTIN - Summit Hotel Properties paid $53 million to purchase the 16-story Hampton Inn & Suites in downtown Austin. The 209-room Hampton was developed in 2002 by Doyle A. Graham Jr., President and CEO of the Houston-based Valencia Group hotel organization. The Austin Hampton, 200 San Jacinto Blvd,, is believed to be the tallest Hampton Inn in the chain, which is part ... Read More »

Hines Sells the 24-Story 101 North Wacker Building in Chicago

CHICAGO — The Chicago office of Hines, the international real estate firm, announced that a subsidiary of the firm’s U.S. Office Value Added Fund II sold its 101 North Wacker, a 24-story, 600,000-square-foot office tower in Chicago, to an affiliate of LaSalle Investment Management on behalf of a European investor. Hines was advised by JLL on the transaction. Starling Cousley, ... Read More »

Landry’s Planning 30-story Hotel Near Houston’s Galleria

HOUSTON – The Landry’s organization, which owns four Golden Nugget casino hotels and 500 restaurants, is planning a 30-story hotel and conference center adjacent to its corporate headquarters on Loop 610 in Houston. The 9-acre site already includes Landry’s headquarters building and a Rolls Royce and Bentley auto dealership controlled by Landry’s chairman and CEO Tilman J. Fertitta. The Landry’s ... Read More »

Attention Office Building Managers: IREM and the City of Houston Announce Green Building Competition

HOUSTON – The Institute of Real Estate Management  (IREM) and the City of Houston have joined forces to promote competiitions to encourage Houston building owners to step-up sustainability efforts. An IREM statement reports: Participating properties and tenant spaces will engage in a sustainability “challenge” comprised of two parts: the Houston Green Office Challenge and the IREM Sustainable Property Challenge.  The goal: ... Read More »

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