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Category Archives: Capital Markets

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 »

Another Westchase Office Building Sold in Blazing Hot West Houston Market

HOUSTON –  Columbia Centre, an office building located in Houston’s Westchase submarket, has been sold to Dornin Investment Group. Columbia Centre is a 166,720-square-foot, Class B+ nine-story office building.  It has access to the West Sam Houston Parkway, Westpark Tollway, Westheimer Road, and three major thoroughfares in West Houston. The building has frontage along Richmond Avenue and along Wilcrest Drive. JLL’s Managing Director Rudy Hubbard, ... Read More »

Bahrain-based Investcorp Selling Westchase Building for $110 Million

HOUSTON – Investcorp, a Bahrain-based investment firm, is seeking to sell  One Westchase Center, a 466,000 square-foot office building in West Houston, according to Real Estate Alert newsletter. The building could sell for as much as $110 million, which would represent a handsome profit over the $80 million it paid for the building only a year and a half ago, ... Read More »

Los Angeles Ranked as No. 1 Deal-Making Venue by Transwestern

HOUSTON – Los Angeles leads the nation in office building transactions in 2014, and Manhattan is No. 2, according to a mid-year report released by Transwestern, the Houston-based commercial real estate company. The report covered office building sales, with a price of more than $2.5 million, for deals completed year-to-date before July 31. Transwestern’s 2014 Deal Rankings: Los Angeles – ... Read More »

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