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62-Story Tower Will Be the Tallest Building in Austin

AUSTIN – A San Antonio developer has announced plans for a 62-story mixed-use tower that will become the tallest building in Austin, according to Shonda Novak of the Austin American-Statesman. The building, designed by Gensler, will have 300 apartment units and more than 500,000 SF of office space and retail space, says Michael Lynd of the Lynd Co., which is ... Read More »

Transformation Unfolding Quickly in EaDo District, CREW Houston Told

HOUSTON – (By Michelle Leigh Smith) – EaDo, on the eastern edge of downtown Houston, is being transformed with new parks and the redevelopment of old industrial properties into residential units and Milliennial-friendly restaurants and bars, an EaDo leader says. “It’s all moving forward and becoming a great neighborhood,” said Anton Sinkewich, Executive Director of the East Downtown Management District ... Read More »

EDF Trading Moves to Downtown Houston from Northwest Suburbs

HOUSTON – EDF Trading North America leased 60,000 SF of office space at 601 Travis Street in downtown Houston and will relocate from its Sam Houston Parkway offices in northwest Houston. The lease is a bit of positive news in downtown Houston, which has been hurt by a decline in the energy industry. The overall availability rate of office space ... Read More »

Spec Medical Building Underway in Fort Bend

HOUSTON – TierOne Development has started construction on a speculative 38,600-SF office/medical development at 7619 Branford Place in Sugar Land, according to Transwestern. Transwestern’s Healthcare Advisory Services team of Senior Vice President Tim Gregory and Vice President Ashley Cassel are providing leasing services for the building for TierOne Development. “There are very few large blocks of medical space in Sugar ... Read More »

Sunrun Residential Solar Panel Firm Enters Houston Market; Leases Sugar Land Space

HOUSTON – Sunrun Inc., one of the largest residential solar power companies, has leased space in Sugar Land as part of its entry into the Houston market. The San Francisco-based rooftop solar panel company leased 12,150-SF in the Sugar Land Business Park, according to the Colliers International real estate firm. Last week, Sunrun announced it was expanding into six states ... Read More »

Houston Office Vacancy Hits Highest Point Since 1994, Colliers Reports

HOUSTON – Houston’s office vacancy hit its highest point since 1994 in the second quarter, as the office market continues to suffer from the impact of low oil prices, according to Colliers International. The overall vacancy rate reached 18.8 percent in the second quarter, up from 16.5 percent in the second quarter of 2016, Colliers reported. “Houston’s office market continues ... Read More »

Energy Services Firm Leases Crane-Served Industrial Space South of Houston

HOUSTON – ProEnergy Services, an energy industry services firm, leased 47,500 SF of industrial space at 8303 McHard Road, which is west of Almeda Road, south of Beltway 8. JLL’s Mark Nicholas, Richard Quarles and Joe Berwick negotiated the terms on behalf of the landlord, Schroeder Partnership Ltd. Drew Coupe and Josh Morrow of Stream Realty represented the tenant. ProEnergy ... Read More »

The Comeback in Houston Real Estate Investment: Q&A with Robert Williamson of Midway

HOUSTON – As the price of oil plunged to the lowest level in years, investor interest in Houston plunged right along with it. By early 2016, oil had fallen below $30 a barrel, down from a high of $107 in the summer of 2014. A few vulture funds ventured forth during the free fall, seeking bargains in the world’s energy capital, but when these funds ... Read More »

Techway Southwest Sold for $33 Million

HOUSTON – Cabot Properties has acquired Techway Southwest, a 415,000-SF industrial property in southwest Houston on Bissonnet Street, near Beltway 8. The price was $33 million. The seller, EastGroup Properties of Jackson, Miss., was represented by Jack Fraker, Randy Baird, Heather McClain Venegoni and Tom Lynch of CBRE. The four-building portfolio is 100 percent leased with a diverse range of ... Read More »

Houston Hotel Firm Relocates Headquarters

HOUSTON – American Liberty Hospitality, a Houston based hotel firm led by Nick Massad Jr., has leased 6,700 SF of office space in west Houston for its headquarters. American Liberty Hospitality has several hotels in downtown Houston, including the 262-room Embassy Suites and The Sam Houston Hotel, along with other hotels in Texas and Louisiana. The hotel firm leased office ... Read More »

Houston Restaurant Notebook

HOUSTON – (By Michelle Leigh Smith) – It is not only Italian businessmen who pack Amalfi around 3 p.m. each afternoon. Dads bring their sons after soccer and beautifully dressed women come in trios for the fresh Salmon Scozzese or Branzino con Gnocchi al Limone E Carciofi or a simple Fichi Con Proscuitto Di Parma E Balsamico (imported Parma prosciutto ... Read More »

Charles Hazen Appointed President of Transwestern Investment Group

HOUSTON – Charles Hazen, who formerly served as President and CEO of Hines Global REIT and other Hines business units, has been named President of Transwestern Investment Group. Transwestern Investment Group is part of the Transwestern group of companies, which also includes national real estate services and development companies. “Charles brings deep investment management experience and outstanding investor relationships to ... Read More »

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