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Category Archives: Capital Markets

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 »

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 »

14-Story Greenspoint Area Tower Acquired by Steve Moore Firm

HOUSTON – Austin Management Group, a Houston firm led by Steve Moore, has acquired the Northborough Tower, a 14-story office building at 100 Glenborough Drive in the Greenspoint area. The 206,533-SF building is currently vacant, although it is 99 percent leased until 2018 by Noble Energy. Transwestern’s Leah Gallagher, Michelle Wogan and Hale Umstattd represented seller. The building was formerly ... Read More »

Hines Global REIT Sells Komo Plaza for $276 Million

SEATTLE — Hines Global REIT sold the Komo Plaza data center building in downtown Seattle for $276 million. The deal represents a handsome return for the REIT, which bought the property in 2011 for $160 million. The buyer was GI TC Seattle, LLC, which is affiliated with the GI Partners investment organization in San Francisco. The six-story, multi-tenant complex consists ... Read More »

Q&A – Teresa Lowery of Colliers: The Highs and Lows of Today’s Multifamily Market

Houston’s multifamily market has seen better times. The sector’s pricing is weak, rent growth is close to disappearing and multifamily construction continues unabated. Free rent is being offered in some neighborhoods.  Can the situation get worse?  Or better? To find out where the multifamily investment market is headed, Realty News Report talked with Teresa Lowery, Senior Managing Director, multifamily, in the Houston ... Read More »

MetLife to Sell 50 Percent Stake in Austin Trophy Tower

AUSTIN – CBRE Capital Markets announces the opportunity to invest up to a 50 percent interest in a joint venture investing in 100 Congress, a 22-story trophy office tower in downtown Austin. The office tower has 411,536 rentable square feet and is 95 percent leased. MetLife Investment Management the institutional investment management business of MetLife, Inc., has selected CBRE to ... Read More »

Capital Markets Shift: Apartment Investing Hits Record; Now Rivals Office

(By Dale King) HOUSTON  – Sales of multifamily dwellings soared across the nation in 2015, as did the total number of dollars invested in apartment units, according to national figures provided by JLL Multifamily Capital Markets. The firm says investors poured almost $139 billion into multifamily product, trumping 2014’s record-setting $106 billion by a whopping 31 percent.  A global provider of ... Read More »

Odom: Nation’s Biggest Industrial Project Tops Houston Realty Activity

HOUSTON – Houston’s commercial real estate market will have its ups and downs in 2016, but the city has something to boast about – namely, the largest industrial construction project in the nation, says Trey Odom, CEO of Avera Cos. With 4 million square feet under roof, the $420 million Daikin Industries HVAC manufacturing plant under construction in northwest Houston ... Read More »

Is it Time to Buy Houston on the Dip? The Q&A with Andrew Segal, chairman of Boxer Property

Buy low and sell high is the mantra of many a real estate entrepreneur and no more than with Andrew Segal, chairman and CEO of Houston-based Boxer Property. Founded in 1992, privately owned Boxer has purchased more than 18 million square feet of real estate around the nation, realized over 100% return on properties sold and closed more than 100 ... Read More »

Hal Holliday: Houston Multifamily Not Overbuilt Despite Oil Crash

HOUSTON – The slowdown in the energy industry and Houston’s job growth has not torpedoed the Houston apartment industry, says Hal Holliday, a veteran of the commercial real estate industry. Holliday entered the commercial mortgage banking in 1971 and he was co-founder of the firm that bears his name, Holliday Fenoglio Fowler, although he is no longer with the company. ... Read More »

Houston Wounded by Oil Bust, But It’s Not Fatal: Q & A Part 2 with John Fenoglio

John T. Fenoglio has witnessed many peaks and valleys in the Texas real estate business, including the Great Recession and the catastrophic crash of the mid 1980s, when foreclosures, bankruptcies and S&L failures devastated the Texas economy. Along with Hal Holliday, Fenoglio founded Holliday Fenoglio in 1982. With Fenoglio at the helm as CEO, HFF went on to become the ... Read More »

Houston is No Place for Vulture Funds: The Q&A With John Fenoglio

Over the past 12 months, energy prices have declined to prices not seen in years.  So what about real estate? Are deals still getting done?  Is the sector returning to the energy disruption Houston experienced in the 1980s when the city was home to ‘see through’ buildings – structures that had no tenants?  To find out, Realty News Report talked ... Read More »

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