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Hotel Buying Spree: Another Holiday Inn Sold in Houston Area

TEXAS CITY, Texas – CBRE Hotels arranged the sale of Holiday Inn Express & Suites, located at 2440 Gulf Freeway in Texas City, between Houston and Galveston. Texas City Hospitality LLC purchased the 70-room hotel from Peet Hotels, Inc. as an investment opportunity for an undisclosed price. It is the third Houston-area Holiday Inn Express sold by CBRE Hotels in ... Read More »

Downtown Leasing: Four Office Leases Signed at 811 Louisiana

HOUSTON – Colvill Office Properties has closed on four new office leases at 811 Louisiana, a 577,735-SF office tower located in Houston’s Central Business District. The recently completed transactions include a 19,222-SF lease to Willis Towers Watson; a 6,150-SF lease to the McFarland, PLLC law firm;  a 4,433-SF lease to EVX Midstream Partners; and a 3,362-SF lease to Booking.com. Paula ... Read More »

HP will have a Work Force of 2,400 at New North Houston Campus

HOUSTON – HP, the hardware manufacturing company born in 2015 when Hewlett Packard was divided in two, will have 2,400 employees at its new campus in Springwoods Village in north Houston. The 380,000-SF, two-building campus, will open in late 2018. The $147 million project is being developed by Patrinely Group of Houston, along with USAA Real Estate of San Antonio ... Read More »

Former Woodlands CEO Starts 2,200-Acre Master Planned Community Near Austin

AUSTIN – Thomas Ranch, a 2,200-acre master planned community in the Texas Hill Country, will be developed in west Travis County by Blakefield LLC. Tom D’Alesandro, former CEO of The Woodlands Development Co., is overseeing development of the project, which will have 3,300 single-family homes, apartments, retail, a hotel and a town square. Featuring shoreline frontage on the Pedernales River, ... Read More »

Astros Owner Buys 10-Story Office Building for Conversion Into a Hotel

WEST PALM BEACH, Fla. – Houston Baseball Partners LLC, a group led by Houston Astros owner Jim Crane purchased a vacant office building that will be converted into a 160-room hotel in downtown West Palm Beach. The sales price was $6.5 million. The Astros just relocated into a new spring training facility in West Palm Beach. The hotel market there ... Read More »

Transwestern’s Johnson: Obamacare Reform Uncertainty Not Slowing Medical Real Estate

HOUSTON – The “repeal and replace” Obamacare health insurance discussions under the Trump administration have not slowed down activity in the healthcare industry, says Eric Johnson, national director of Transwestern’s healthcare advisory group. Johnson made the observations at the recent Texas Healthcare Real Estate 2017 conference in Houston. A panel discussion on healthcare real estate included Alan Whitson, president of ... Read More »

Dallas Investors Buy 1,516 Apartment Units in Houston

HOUSTON – ARA Newmark handled the sale of a portfolio of four Houston multifamily communities with a total of 1,516 units. ARA Vice Chairman Matthew Rotan led the deal – representing CBRE Global Investors in the sale to affiliates of Highland Capital Management, LP and BH Equities – with support from David Oelfke, David Wylie, David Mitchell and Thomas Alleman. ... Read More »

Play Ball! New Astros’ Florida Home Stadium Ready for Maiden Voyage on Tuesday

WEST PALM BEACH, Fla. (By Dale King) – The crack of cowhide-covered balls hitting wood bats, the thunk of speeding spheres smacking leather mitts and the cry of “Play Ball” are heralding the resurgence of Major League Baseball in central Palm Beach County, and the Houston Astros have a piece of that action. The team from Texas marks its 65th ... Read More »

Reimagining the Urban Oasis: The New Heights of Public/Private Partnership Blossoms at Levy Park

HOUSTON – (By Michelle Leigh Smith) The reborn Levy Park – a public private partnership unlike any other in Houston – celebrates its grand opening Saturday with a substantial roster of creating participants cutting the ribbon. The participants: celebrity TV chef Tim Love; noted landscape architect James Burnett; mixed-use development specialist Midway Cos., Natalye Appel + Associates Architects; and the ... Read More »

Williamsburg Enterprises Buys Grocery-Anchored Center Near Texas Medical Center

HOUSTON  – Williamsburg Enterprises Limited of Houston has acquired the Renaissance Center, a 97,279-SF, value-add, grocery-anchored retail center east of the Texas Medical Center in Houston. HFF marketed the property on behalf of the seller, Lionstone Investments. Renaissance Center is anchored by H.E.B, one of the largest independent food retailers in the U.S. and the premier grocer in Texas.  Completed ... Read More »

Transwestern Sells 1,600 Units in North Texas

DALLAS – Transwestern’s Dallas-based Multifamily Investment Services Group has closed transactions on 1,600 units valued at $85 million in North Texas. Transwestern Principal Taylor Snoddy and Vice Presidents Philip Wiegand and James Roberts represented the sellers and also sourced the buyers on the transactions, which closed in the last weeks of the year. “These transactions represented a wide range of ... Read More »

Energy Group Leases Space in the Tallest Tower in Texas

HOUSTON – An energy organization signed a large lease in the tallest tower in Texas – the 75-story JPMorgan Chase Tower in downtown Houston. Indigo Resources Inc. and its sister company, M5 Midstream LLC, leased 67,710-SF in the tower, which was developed by Hines at 600 Travis. Savills Studley executive vice president and co-branch manager Mark Russell represented the tenants. ... Read More »

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