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Monthly Archives: February 2013

BHP Billiton Announces 30-story Office Tower in Houston

By Ralph Bivins HOUSTON – Transwestern is developing a 30-story, 560,000-sf global headquarters for BHP Billiton Petroleum at 1500 Post Oak Boulevard in Houston’s Galleria area. The company is a significant player in the shale drilling business. “We have experienced tremendous growth over the past seven years, and we expect vigorous growth to continue for the foreseeable future,” said BHP ... Read More »

NAREE Real Estate Journalism Contest – Deadline March 1

The National Association of Real Estate Editors’ 63rd Annual NAREE Journalism Competition has a number of categories for journalists who cover commercial real estate, in addition to residential real estate and mortgage finance, home building and urban planning topics. “NAREE membership has grown significantly in commercial real estate in recent years. A large number of journalists who cover office markets, ... Read More »

With 99 Percent Market Occupancy, Developer Goes Spec on Woodlands Office Construction

Houston – The Woodlands-based D’Agostino Cos. will start construction of Vision Park Plaza, a speculative 75,000-sf office development, located at 128 Vision Park Boulevard in The Woodlands. The three-story Class A, tilt wall and glass office building is a development of D’Agostino Companies and is designed by Browne McGregor Architects. Metzger Construction will build it. While originally planned as a ... Read More »

Hines Starts Work on Apartments in Atlanta

ATLANTA – Hines has begun construction is on @1377, a 215-unit  luxury multifamily complex in Atlanta.  The development represents Hines’ first for-rent residential project in the city and one of several under development in the Southeast region. @1377 is located in the Brookhaven neighborhood on Dresden Drive.  The four-story building will have an attached multi-level parking garage. Designed by The ... Read More »

Woodway Square, a 595-Unit Project, is Sold

HOUSTON – Fairfield Woodway Square, LLC purchased Woodway Square, a 595-unit, Class A, garden-style multi-housing community in Houston. HFF marketed the property on behalf of the seller, Alecta Houston, LLC. In addition, HFF assisted in securing a 10-year floating-rate loan on behalf of the buyer through M&T Realty Capital Corporation (FNMA). Woodway Square is located at 1200 Winrock Boulevard near ... Read More »

CBRE: Houston’s Economy Supporting Multi-Fam Construction Surge

By Analee Micheletti and Lauren Paris CBRE Research Analysts Energy  and its supporting industries have proven to be a solid base and a powerful driver of job growth and thus a thriving multifamily market. Houston has the incredible job market to thank for the robust activity in the office market. Since the recession, Houston has recovered all the jobs lost ... Read More »

Hines/Calpers Selling BG Group Place for $470 Million

HOUSTON – The 46-story BG Group Place in downtown Houston has been put up for sale by its owners, Hines and Calpers, according to Real Estate Alert. The 973,000-sf tower is expected to fetch $470 million or $485 per square foot, the second-highest sales price ever, Real Estate Alert reported. The record sales price in Houston was set when H&R ... Read More »

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