Sunday , 21 December 2014
Breaking News

Category Archives: Capital Markets

Rosemont Realty Buys Office Building in Houston’s Energy Corridor

HOUSTON – Rosemont Realty, LLC, a leading commercial real based in Santa Fe, N.M., has acquired Kirkwood Tower in Houston’ Energy Corridor. The acquisition of the 15-story tower adds 285,682 rentable square feet of Class A office space to Rosemont Realty’s portfolio. It brings the company’s total square footage in the greater Houston area to nearly 2.5 million square feet, ... Read More »

Tower in Downtown Houston Draws Record Price

HOUSTON – LaSalle Investment has agreed to pay $450 million for the 1000 Main building in downtown Houston – a price that will be the highest ever paid in Houston, according to the Real Estate Alert newsletter. LaSalle’s price of $537 per square foot will surpass Houston’s existing price record of $524 per square foot, the newsletter said. Other buyers ... Read More »

Multifamily Shakeup: ARA Apartment Brokerage Firm Selling for $110 Million

NEW YORK — BGC Partners, the owner of Newmark Grubb Knight Frank brokerage, has agreed to acquire Apartment Realty Advisors (ARA) for $110 million. ARA is the largest privately held, full-service investment brokerage network in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multi-family housing properties including conventional, affordable, distressed assets, notes sales, seniors, student ... Read More »

Pillar/Origin Start Acquisition Program in the Telecom Corridor near Dallas

RICHARDSON, Texas – Collins Square, a 213,864-square-foot office building in the Richardson Telecom Corridor has been sold, CBRE reported. Dallas-based real estate investor and operator, Pillar Commercial, teamed with Origin Capital Partners to purchase the bulding from StreamCo for an undisclosed price. The newly formed joint venture is strategically seeking additional investments. The four-story office building is 87 percent leased ... Read More »

Transwestern’s Headquarters Building in Houston is For Sale; Expected to Fetch More than $100 Million

HOUSTON – The headquarters building of Houston-based Transwestern, one of the largest commercial real estate firms in the nation, is being marketed for sale. The 21-story office tower is located at 1900 West Loop South at San Felipe Street in the Uptown area of Houston. The HFF company has been retained to market the 408,862 square foot building to investors ... Read More »

Lionstone and Hermes Form $250 Million Fund for U.S. Office Purchases

  HOUSTON — Lionstone Investments, a Houston-based real estate investment company has partnered with Hermes Real Estate, one of the largest real estate investors in the UK with over £6.6 billion of assets under management, to launch a new real estate investment program, capitalized with an initial $250 million of equity commitments. Lionstone-Hermes Real Estate Venture will invest primarily in office ... Read More »

Biggest Deal Ever? Foreign Investors Bid Heavy on a Houston Trophy Tower

HOUSTON – A dozen investment groups, including foreign buyers, submitted bids this week to buy the 1000 Main building in downtown Houston – a transaction that may become the biggest deal ever in the Bayou City. Foreign buyers, including players from Europe, the Far East, the Middle East and Canada submitted offers to purchase the 36-story building, said Bernard Branca, ... Read More »

Shorenstein Selling Five Post Oak Park for Anticipated $185 Million

HOUSTON – Shorenstein Properties is selling the 28-story Five Post Oak Park, an Inner Loop Houston office building that is expected to fetch $185 million, or $326 per square foot. The Real Estate Alert newsletter reported that the deal is considered a “value add” play because the building’s anchor tenant Amergy Bank is expected to relocate in 2016. Amegy is ... Read More »

71 Shopping Centers Sold for $2 Billion

BEACHWOOD, Ohio – A joint venture of DDR Corp. and an affiliate of Blackstone Real Estate Partners VII has acquired 71 shopping centers from American Realty Capital Properties, Inc. for $1.93 billion. Prior to the deal, American Realty’s  portfolio included almost 500 properties in Texas, including the Costco-anchored Greenway Commons center in Houston at the northeast corner of Richmond Avenue and ... Read More »

Cushman & Wakefield: Global Investors Now Liking Dallas, Dublin, Dubai – and Houston

MUNICH – New York attracted the most commercial real estate investment during the last year as the global real estate investment market saw volumes increase by 17.2% to $788 billion, according to Cushman & Wakefield’s annual ‘Winning in Growth Cities’ report launched today at EXPO REAL in Munich, Germany. While a number of cities still dominate, activity is spreading to ... Read More »

Scroll To Top