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Monthly Archives: March 2012 Named Media Sponsor for the Spring Symposium by University of Houston’s Institute for Regional Forecasting

HOUSTON – has been named media sponsor for the 2012 Spring Symposium, the highly respected real estate and economic forecast by the University of Houston’s Institute for Regional Forecasting at the Hobby Center for Public Policy. The Symposium and luncheon will be held May 8, 2012, from 11:30 a.m. to 1:30 p.m. at the Hyatt Regency Hotel, 1200 Louisiana ... Read More »

Hines Inks Large Lease in Houston’s Greenway Plaza Area

HOUSTON – Hines, the property and leasing manager for Phoenix Tower in Houston, on behalf of building owner FSP Phoenix Tower Limited Partnership, announced  that New York Life has signed a long-term lease for 33,394 square feet.  Phoenix Tower is a recently renovated, 34-story, 629,000-square-foot office tower located at 3200 Southwest Freeway, near Buffalo Speedway.  With the signing of this ... Read More »

Del Taco to Open 40 Locations in Houston

HOUSTON – Del Taco, the No. 2 fast service Mexican chain, announced plans to open 40 outlets the the Houston area. Del Taco began its Texas expansion in the Dallas/ Ft. Worth market. Over the past 18 months, Del Taco has opened seven locations including Dallas, Denton, Hurst, McKinney, Plano and Watauga On Wednesday, Del Taco  opened its first Houston ... Read More »

Another New Office Building in Houston’s Energy Corridor

HOUSTON — Wile Interests and Stream Realty are reportedly preparing to break ground on a 250,000-square-foot office building in the Energy Corridor area of West Houston. Jennifer Dawson of the Houston Business Journal reports that the building will be constructed on a 12-acre site at the southeast corner of Interstate 10 and Greenhouse Road. The Energy Corridor in West Houston is ... Read More »

Registration Opens for Univ. of Houston Institute for Regional Forecasting’s Spring Economic Symposium

FEATURED EVENT HOUSTON – Registration has opened for Spring Symposium, a prominent real estate and economic forecast by the University of Houston’s Institute for Regional Forecasting at the Hobby Center for Public Policy. Interested parties are encouraged to make reservations promptly because the Symposium has sold out in two days in prior years. The Symposium and luncheon, will be held ... Read More »

Camden Sells 456-Unit Apt. in Houston to Allen Harrison JV

HOUSTON – Allen Harrison Co. purchased a 456-unit West Houston aparment project in a joint-venture partnership with Dome Equities LLC and Equity Resource Investments. The seller was Houston-based Camden Property Trust, one of the largest apartment REITs in the nation. The project, Westchase Creek (formerly known as Camden Creek), is located at 3000 Woodland Park Drive between Westheimer and RichmondAvenue, ... Read More »

Granite to Build Spec Office Building in Houston’s Westchase

HOUSTON —  Granite Properties will break ground this summer on a 300,000-sf spec office building at 3141 Briarpark in Houston’s Westchase District, according to a report in the Houston Business Journal. The project will be LEED Gold, Granite’s Scott Martin told the HBJ. The building is designed by PGAL Architects. Hoar Construction is general contractor. Houston’s office market has experienced strong absorption ... Read More »

Spire Realty Buys Houston Office Building

HOUSTON – Spire Realty of Dallas has purchased the 1177 West Loop South office building in Houston’s Galleria area. The 18-story building was 96% leased at the time of sale. The 341,947-square-foot asset offers a well-diversified base of quality corporate tenants with an average tenure of 8.6 years. Rent growth in the Galleria submarket is expected to increase substantially over ... Read More »

$1 Billion Warehouse Play by Ross Perot Jr. and Brookfield

DALLAS — Brookfield Asset Management and Hillwood, a Dallas/Fort Worth-based real estate investor and developer owned by Ross Perot, Jr., announced today a joint venture to acquire, develop and  manage industrial property, principally large warehouses, across the United States. With an equity commitment of $400 million, the partnership is expected to deploy up to $1 billion within the first three years. Hillwood will locate industrial ... Read More »

Houston Home Builder Wins a Bundle of Awards

HOUSTON — Houston-based Allegro Builders received  several major awards at the recent International Builders Show at the “The Nationals”, an annual competition sponsored by the National Association of Home Builders. Allegro was also recognized with five Silver Awards at this year’s show. The award casts the spotlight on Allegro Builders’ three-story custom home in the historic Woodland Heights, a 100-year-old ... Read More »

A 24-Story Residential Tower Planned for Seattle; Deal Valued at $95 Million

SEATTLE – Seattle-based companies Goodman Real Estate and Harbor Urban, LLC, along  with equity partner Capri Capital Partners, LLC, announced the purchase of the property at 1915 Second Ave. in Seattle where  construction will begin in April on a 24-story multifamily mixed-use  project called Viktoria Apartments. The total cost to develop the       project, scheduled for completion by the end of ... Read More »

USAA Buys Stake in New York Realty Investment Firm

SAN ANTONIO — USAA Real Estate Company and Square Mile Capital Management LLC, a New York City-based real estate investment firm, announced  that the two companies have joined forces, with USAA Real Estate Company making a strategic investment in Square Mile.  The amount of the investment was not disclosed. Led by founders Jeffrey B. Citrin and Craig H. Solomon, who ... Read More »

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