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Category Archives: Houston

Transwestern Gets LEED Certification of Renovation of Houston Headquarters

HOUSTON – Transwestern’s Houston has earned LEED Silver certification for its recently renovated headquarters office at 1900 West Loop South in Houston. “We are proud to receive LEED Silver certification for the office build out at our corporate headquarters,” said Transwestern’s Chip Clarke, president | Americas. “With the assistance of Transwestern’s Sustainability Services team, we have created a healthy, state ... Read More »

City of Houston Rejecting John Beeson’s High Bid of $40 Million for Tract Near Downtown Houston

(COMMENTARY By Ralph Bivins) The City of Houston is considering skipping over the highest bidder in selling off a prime development tract, just west of downtown. The 10.5-acre city-owned tract, which is vacant, is located on West Dallas at Gillette.  The West Dallas area has been ground zero for a boom in multifamily development in recent years. Alliance Residential, a ... Read More »

MetroNational Showcases Green “Treehouse” Office in Memorial City

HOUSTON – MetroNational, the developer of Houston’s Memorial City, has completed The Treehouse, a sustainable office building serving as a collaborative hub for the Houston development firm and shine as a green landmark for the Memorial area. Expected to earn LEED Platinum status for its advanced green elements, The Treehouse – a two-story, 14,700-square-foot building at 963 Bunker Hill in ... Read More »

The Hottest Half-Mile in America: Lakes On Post Oak Sell-Off Continue Deal Parade

HOUSTON – The Lakes on Post Oak, located just south of Houston’s Galleria, is trading hands and Trammell Crow Residential is making a play on the four acres of development land there – in what may be the hottest strip of real estate in the nation this summer. The 23-acre development, developed by Hines, consists of three office buildings totaling ... Read More »

Downtown Departure: Houston Chronicle Moving Out

HOUSTON – The Houston Chronicle will relocate employees from its downtown offices and move into to the former Houston Post facility on the Southwest Freeway, not far from the Galleria, the Hearst publication announced Monday. The Post building now houses the Chronicle’s printing presses, distribution, circulation and sales employees. The Chronicle is expected to sell its 10-story downtown building, located ... Read More »

Pennzoil Place: Innovation Continues at 40 Year Old Building Included in Andy Warhol’s Polaroid Art

HOUSTON  – Pennzoil Place has been named the “Most Intelligent Office Building Project” in the 16th annual Commercial Real Estate Digital Innovation Awards (“Digie”) competition presented by Realcomm and IBcon. Transwestern leases and manages the 1.4-million-square-foot, Class A high-rise in downtown Houston. Pennzoil Place, owned by Metropolis Investment Holdings Inc., utilizes Cisco’s Internet of Everything to connect all building systems, ... Read More »

Hicks Making $130 Million Play in Houston’s Energy Corridor

HOUSTON – Hicks Ventures, a firm led by Houston developer Pat Hicks, has reportedly agreed to buy the Two WestLake Park office building in the Energy Corridor for $130 million. The deal, presented by HFF, represents a $286 per sf price for the 455,000-square-foot property, according the Real Estate Alert newsletter. The seller is KBS Realty. The project, developed by ... Read More »

Major Industrial Sale Reported in Baytown, Texas

BAYTOWN, Texas – CenterPoint Properties proudly announces the acquisition of four buildings totaling 1.2 million square feet at Cedar Crossing industrial park in Baytown, just east of Houston. The four buildings are capable of processing and packaging plastic resin and are fully occupied by Exel Logistics. This acquisition brings CenterPoint’s portfolio in Houston to 2.5 million square feet. . Billy Gold ... Read More »

Regency Centers Offers to Buy AmReit for $433 Million

HOUSTON – Regency Centers Corp, of Jacksonville, Fla. has made a bid to acquire Houston-based AmReit for $22 per share or $433 million.  Both REITs have significant retail center portfolios. In a press release issued Thursday, Regency published its letter to H. Kerr Taylor, AmREIT’s chairman and CEO. “We are making this letter public because we feel that the potential ... Read More »

Midyear Report: Houston on Pace for Strongest Year Ever for Home Sales

HOUSTON – After setting a record high for annual home sales in 2013, sales totals at midyear show Houston realty may be heading for a repeat performance in 2014. Midyear sales totals for the first half of 2014 show 35,683 single family homes were sold through June, up 0.8 percent from the sales recorded at the midway mark of last ... Read More »

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