Sunday , 20 August 2017
Breaking News

Author Archives: rnrbivins

Full Floor Leased in Greenway Plaza Tower

HOUSTON – FlightAware, an aircraft flight tracking company, has leased 24,500 SF in the Eleven Greenway Plaza office building in the Inner Loop of Houston for its global headquarters. Neil Tofsky, chief executive of Senterra Real Estate Group and Kevin Tofsky, vice president represented FlightAware in the lease. J.P. Hutcheson of Parkway Inc. represented Parkway, which owns Greenway Plaza. FlightAware, ... Read More »

Los Angeles Firm Acquires Houston Retail Project

HOUSTON – Westwood Financial Corp. acquired the Market at Lake Houston, a 102,000-SF retail center in the Atascocita area in northeast Houston. It is anchored by an H-E-B grocery. Rusty Tamlyn and Ryan West of HFF marketed the property, located on FM 1960 East. “This center garnered a wide level of interest, given its strong H-E-B sales and that very ... Read More »

Hines Redeveloping Iconic Building in Ireland

DUBLIN – Hines and the Peterson Group are redeveloping the former Central Bank headquarters building in Dublin. The building, designed by award-winning architect Sam Stephenson in the 1970s, the building was acquired by Hines and Peterson earlier this year, following the Central Bank’s relocation to another location. The new vision for the building and surrounding area sees the creation of ... Read More »

Levcor Refinances New Retail Center with $78 Million from Goldman Sachs

PHARR, Texas – Levcor Inc., a Houston-based development firm led by Larry Levine, has completed a 467,000-SF retail center in Pharr, near the Texas/Mexico border. JLL’s Capital Markets secured $78 million in bridge financing for Levcor’s Pharr Town Center. Goldman Sachs provided the loan, which will be used to refinance an existing construction loan for the retail center, which was ... Read More »

Almost Historic: One of Nation’s First Taco Bell Buildings Sold

BELLAIRE, Texas – One of the first Taco Bell buildings in Texas has been sold. The 1,260-SF building, topped with a red-tile roof, was built in 1967, according to a Harris County Appraisal District record obtained by Realty News Report. The first Taco Bell opened in Downey, Calif in 1962. The chain opened its 100th restaurant in 1967. Today, more than ... Read More »

Houston Home Sales Up 5 Percent in July

HOUSTON – Houston home sales were up 5 percent in July, as 7,440 single-family houses were sold, compared to 7,083 in July of 2016, the Houston Association of Realtors reported. The continued strength of sales virtually guarantees that this year will be the best year for home sales that Houston Realtors have ever seen. On a year-to-date basis, home sales ... Read More »

Spencer Ogden Leases Office Space in GreenStreet in Downtown Houston

HOUSTON – Spender Ogden, a London-based energy, engineering and infrastructure recruitment agency, announced that it is tripling the size of its Houston office and relocating to GreenStreet at 1201 Fannin in downtown Houston. Bill Boyer and Collin Grimes of CBRE represented the tenant. Damon Thames, Connor Saxe and Vince Drake of Colvill Office Properties represented the landlord.  The firm will ... Read More »

Construction Financed for Condo Development in Houston’s Museum District

HOUSTON – Museum Boulevard Condominiums, a residential building in Houston’s Museum District has obtained construction financing, according to Transwestern’s Structured Finance Group. Surge Homes, the developer of the 49-unit project, announced the start pre-sales on the project last year. The condominiums will be located at 4819 Caroline Street, just north of Hermann Park and the Texas Medical Center. Surge Homes ... Read More »

Dallas Firm Buys Three Houston Industrial Buildings

HOUSTON – Atcap Partners, a Dallas-based investment group, has acquired three warehouses buildings in infill markets of Houston. TA Realty, the seller, was represented by Trent Agnew and Rusty Tamlyn of HFF. The three buildings, which contain a total of 101,635 SF, are 100 percent leased. The portfolio includes a building at 3300 Claymoore Park in northwest Houston and two ... Read More »

Investor Herd Prepares for Stampede into Houston

HOUSTON – (By Ralph Bivins) – Investor interest has been rekindled in Houston, after an oil price crash becalmed investment sales activity. Only a handful of Houston office buildings were sold in 2016 as vacancy rates soared and energy companies dumped loads of excess office space on to the sublease market. “There’s lots of interest in Houston by investors, lenders ... Read More »

NW Office Building Purchased

HOUSTON – Insite Commercial Real Estate has acquired Intellicenter, a 160,407-SF, Class A office property in northwest Houston. Intellicenter is situated on 12.8 acres at 4650 Westway Park within the Westway Park office campus, which was developed by David Wolff’s Wolff Cos. along the West Sam Houston Tollway (Beltway 8). The building, completed in 2007, the LEED Silver, three-story property ... Read More »

Amazon, E-Commerce and Raw Plastic Pellets: The Evolution of Houston Warehousing – Q&A with Robert Clay

HOUSTON – Houston’s industrial space landscape is changing. One of the city’s strongest real estate sectors, it is being buffeted by a number of forces. E-commerce is changing the logistics and need for warehouses. Amazon has two fulfillment centers under development in the Houston area. And Amazon Fresh is going to move in with retail grocery sales. At the same ... Read More »

Scroll To Top