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Denver REIT Buys NW Houston Property for Sale-Leaseback

HOUSTON – JLL’s Capital Markets completed the sale and leaseback of a 133,480-SF industrial distribution facility at 7350 Langfield Road in northwest Houston. Denver-based Industrial Property Trust purchased the property. T&L Distributing, a flooring company will leaseback 100 percent of the property from IPT. The JLL team working on the transaction included Dustin Volz, Kevin McConn, Zane Marcell and Grant ... Read More »

16-Story Office Tower Acquired as Houston’s Investment Surge Continues

HOUSTON – (Realty News Report) – Elite Street Capital, a Houston-based real estate firm has acquired 2100 West Loop South, a 162,336-SF office building in Houston’s Galleria submarket, near San Felipe Road. HFF represented the seller, Buchanan Street Partners and CarVal Investors, and procured the buyer, Elite Street Capital is a real estate firm led by Yoni Sade. Elite Street ... Read More »

Could Meyerland Plaza Fill H-E-B’s Service Void in Southwest Houston?

HOUSTON – (Realty News Report) – H-E-B grocery has been mentioned as a possible tenant at Meyerland Plaza, the 950,000-SF power center at the southwest corner of Beechnut and Loop 610, people in the real estate community say. A Meyerland store could fill a growing gap in H-E-B’s coverage in southwest Houston. Meyerland Plaza, operated by Fidelis Realty, has a ... Read More »

Redo on Main Street: 100 Years Old, But Relevant for Millennials

HOUSTON – Can a century-old office tower – which dominated Houston’s skyline for 35 years – succeed in today’s technology-driven world? Midway and Lionstone Investments are betting the answer is affirmative. The two Houston-based firms have repositioned The JPMorgan Chase Building — formerly the Gulf Building — as well as the neighboring 708 Main structure in a complex renamed The ... Read More »

With a 300 Percent Increase, Houston Ranks No. 4 in Investment Sales, Avison Young Reports

HOUSTON – (By Dale King, Realty News Report) – Investment sales at midyear were up 300 percent in Houston, which now ranks fourth in the nation in investment sales, according to a new Avison Young study. While the fall-out from low oil prices plagued the Houston market last year, and investors shied away because of uncertainty about the whether Houston ... Read More »

Facebook Signs Huge Lease in Downtown Austin

AUSTIN – Facebook has leased 231,507 SF in a new office building under construction in downtown Austin. Shonda Novak and Lori Hawkins of the Austin American-Statesman reported Facebook will occupy 10 floors in the building, a 29-story tower called Third + Shoal at 208 Nueces Street. The building is being developed by Austin-based Cielo Property Group, TIER REIT and Invesco. ... Read More »

Hurricane Harvey Launched Houston’s Apartment Market Into an Immediate Turnaround

HOUSTON – (Realty News Report) – Hurricane Harvey accelerated multifamily absorption in Houston and drove a rise in rental rates, according to a new analysis by international real estate firm CBRE. “A quickly draining construction pipeline — with less than 7,700 units underway — and reduced inventory due to flooding is causing supply to tighten further while demand from displaced ... Read More »

Colliers: 10 Acres Sold for Hotel and Warehouse Development in Missouri City

MISSOURI CITY, Texas – Colliers International has handled the sale of 10 acres along Beltway 8 in Missouri City for the development of a hotel and several office warehouse buildings. The site is near the intersection of Sam Houston Parkway and McClain Boulevard. MAA Hospitality bought 1.4 acres for the development of a Crystal Inn hotel. Graniti Vicentia Realty LLC ... Read More »

Avison Young to Handle Leasing for Suburban Building in Alternative Location

HOUSTON – (Realty News Report) – Avison Young  has been named the exclusive leasing agent for 7102 N Sam Houston Parkway West, an office building in northwest Houston. “The building is well positioned to benefit from tenants no longer willing to remain in Greenspoint or other North Houston locations,” said Doug Pack, principal with Avison Young. The building is west ... Read More »

600,000-SF Industrial Building Started at Hines’ Pinto Business Park

HOUSTON – Construction has started on a 600,000-SF build-to-suit for Emser Tile in Pinto Business Park, a north Houston commercial development owned by the Houston-based Hines real estate firm and its joint venture partners Kohlberg Kravis Roberts & Co. Pinto Business Park is located near the southwest corner of Beltway 8 and I-45 North. Emser Tile is the largest, privately-held designer ... Read More »

Beaumont Apartment Complex Sold

Houston – Transwestern’s Houston Multifamily Investment Services Group handled the sale of Pindo Pointe, a 164-unit multifamily property at 7390 Pindo Circle in Beaumont, east of Houston. Transwestern Managing Director Ed Cummins and Vice President Ryan Mendez represented the seller, Parkdale Pindo L.P. Winslow Asset Management LLC purchased the apartments for an undisclosed price. “This asset was fully renovated, stabilized ... Read More »

Tract Sold in NW Houston, Colliers Reports

HOUSTON – Colliers International handled the sale of a 16.7 acre tract in northwest Houston. Eastbourne Fry & 529 LP sold the land to K-Tung, LLC. The property is located just south of Fry Road & FM 529 intersection, adjacent to the Fiesta store. The buyer was represented by Tri Tran of ReMax Alliance. Christopher D. Winters and William J. ... Read More »

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