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Category Archives: Capital Markets

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 »

Marathon Oil Tower Expected to Fetch $300M; And Change Houston’s Investment Narrative

HOUSTON – CBRE Global Investors is selling the 1.2 million-square-foot Marathon Oil Tower in Uptown Houston for at estimated $300 million or $250 per square foot, according to Real Estate Alert. CBRE has been retained to market the 41-story building, 5555 San Felipe, near Yorktown Street. Marathon occupies 62 percent of the building. Baker Hughes Oilfield Operations occupies 42,000 SF, ... Read More »

CBRE Handles $111 Million Refi of Abbey Multifamily in Houston

HOUSTON –CBRE Capital Markets’ Debt & Structured Finance team has arranged $111 million in refinancing for a 1,254-unit, three-property multifamily portfolio in Houston. The properties included in the transaction are: The Abbey at Barker Cypress, located at 1760 Barker Cypress Road, Houston, Texas. The Abbey at Enclave, located at 1910 Westmead Drive, Houston, Texas. The Abbey at Briargrove, located at ... Read More »

Chinese Investors Buy Apartment Project Near Houston’s Galleria

HOUSTON – Strategic Capital of China has entered the Texas market with the purchase of the 372-unit Broadstone Post Oak apartments near the Galleria in Houston. “We are extremely pleased to mark our entry into the Texas market through this milestone transaction,” said Ning Yuan, Chairman and President of Strategic Capital and China Construction America. CBRE’s Ryan Epstein, Clint Duncan ... Read More »

Q&A: Third Palm Capital’s Exclusive Interview with Realty News Report

MIAMI – Third Palm Capital is undertaking a billion-dollar mixed-use development in Houston’s Energy Corridor in one of the nation’s strongest growth regions. The Texas Triangle – a heavily populated swath of Texas bounded by Dallas, San Antonio and Houston – holds a great allure for long-term development possibilties, said developer Cameron Graham, executive vice president of Third Palm. Graham, ... Read More »

Energy Corridor Building to Fetch Record-High Price

HOUSTON – A new office building in Houston’s Energy Corridor is expected to sell for a record-high price, despite the recent collapse in oil prices and the energy industry layoffs that followed. The 549,000-square-foot Energy Center 3 tower, fully leased to ConocoPhillips, has been placed on the market with expectations that it will fetch a sales price of $270 million ... Read More »

Dateline Houston: When Oil Dropped Below $50, Some Investors High-Tailed-It Out of Town; But German Investor Martin Bruhl Bought a $440 Million Tower on Main Street

HOUSTON – A compelling investment story can be told in Energy Capital of the World, even with oil at $50 a barrel, says Martin Brühl, the German investment manager who just engineered one of the biggest deals in Houston’s real estate history. Brühl says Union Investment is not stopping with the Houston trophy. It is looking for more investments in ... Read More »

Invesco: M&A is the Biggest Threat to Houston Office Market; Energy Company Mergers to Empty Office Space

HOUSTON – Mergers and acquisitions are the most threatening cloud on the horizon for the Houston office market, says an executive with one of the biggest investors in Texas. “In the short term, we think the greatest risk is the M&A activity that is going to occur,” says Ron Miller, director of acquisitions for Invesco Real Estate of Dallas. Miller ... Read More »

Mass Mutual: Houston is Not Redlined

HOUSTON – A major institutional investor says it remains open to buying Houston properties. “We have not redlined any property type and we have not redlined Houston,” says Pam Boneham, managing director of Cornerstone Real Estate Advisors, a subsidiary of Massachusetts Mutual Life Insurance Co. Boneham told the recent RealShare conference that Cornerstone will be sure to carefully underwrite Houston ... Read More »

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