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Category Archives: Houston

Title Business: Stewart Reports First Quarter Loss

HOUSTON – Stewart Information Services Corp., the parent of Stewart Title, reported loss of $12.4 million, or 52 cents share, for the first quarter 2015. In the first quarter of last year, Stewart lost $12.1 million. Total revenues were up, however – $448.9 million in the first quarter of this year, compared to $393.6 million in the comparable period of ... Read More »

Brunei Energy Moves to Houston’s Energy Corridor

HOUSTON – Brunei Energy, an international firm, has leased 13,667 square feet of office space in west Houston’s Energy Corridor submarket at 9811 Katy Freeway. Scooter Hicks of MetroNational provided representation for the landlord, Houston-based MetroNational, the developer of the mixed-use Memorial City. Anthony Squillante and Greg Marconi with Stream represented the tenant. “The building, located in Memorial City, enabled ... Read More »

Tilman Fertitta Announces 35-Story Hotel/Office Tower Near Houston’s Galleria

HOUSTON – Tilman Fertitta, chairman of the Landry’s restaurant and entertainment organization, has announced plans for a 35-story mixed-use tower on Loop 610 about a mile north of the Galleria. The 650,000-square-foot project will have 240 high-end hotel rooms, 120,000 square feet of office space and 22 apartment units, Fertitta said. Plans for the 10-acre site, 1600 West Loop, on ... Read More »

MetroNational Building Highest Ranked Greenest LEED Building in Texas

HOUSTON – The Treehouse Memorial City has been ranked No. 1 in Texas and second in the nation with a certified double LEED Platinum by the U.S. Green Building Council (USGBC). The 14,700 square-foot building serves as MetroNational’s development office, meeting space and showroom for in Memorial City, a major mixed-use project on the Katy Freeway in West Houston. The ... Read More »

High Hopes: Whisper Number is $40M for Houston Chronicle HQ

HOUSTON – Hearst Corp. is hoping to fetch as much as $40 million in the sale its downtown Houston Chronicle property. Employees of the nation’s sixth largest newspaper are expected to relocate to the company’s facilities on the Southwest Freeway near Loop 610 in the fall of 2016. HFF is marketing the Chronicle’s downtown property, covering 99,184 square feet of ... Read More »

Rotation 2015: Momentum Shifting to Suburbs

HOUSTON – The Inner Loop and urban parts of Houston have been on a roll for several years. Construction cranes have been prominent on the skyline as new office buildings and high-rise residential towers have been going up. There are exceptions, of course, but Houston growth patterns are shifting. The new hot zones are going to be in Houston’s suburbs ... Read More »

New Kind of Starbucks to be Unveiled in Hilton Americas – Serving Beer/Wine

HOUSTON – The 1,200-room Hilton Americas-Houston is opening a gigantic Starbucks that will one of the first Starbucks to offer the new “Starbucks Evening” service with alcoholic beverages. After 4 p.m., wine, beer, appetizer-type food and desserts will be sold at the downtown hotel coffee shop, which is adjacent to the George R. Brown Convention Center. The 4,000-square-foot Starbucks will ... Read More »

Hines/Oaktree JV Buys 1 Million SF of Office Space in Calif.

SAN BERNARDINO, Calif. – A joint venture of Houston-based Hines and a fund managed by Oaktree Capital Management has acquired Tri-City Corporate Centre, a portfolio of office buildings in San Bernardino, CA. The portfolio is comprised of 17 Class A and B office buildings totaling 1,055,596 square feet across the 153-acre campus. The portfolio is currently 61 percent leased to ... Read More »

CenterPoint Properties Buys 27 Houston Buildings

HOUSTON – Continuing a Houston buying spree, CenterPoint Properties has acquired a 27-building industrial portfolio with 3.6 million square feet of Houston warehouse space. The properties, most of which are rail-served, are located within nine business parks, including West Loop Business Park, Kempwood Industrial Business Park, Northway Park II, Turning Basin Subset, Market Street Industrial Park, Railwood Industrial Park, 1200 ... Read More »

German Investor Finalizes Its Purchase of 1000 Main Tower in Houston for $440M

HOUSTON – Germany-based Union Investment announced it has finalized the purchase of the 36-story 1000 Main office tower in downtown Houston for approximately $440 million or about $525 per square foot, in one of the biggest Houston realty deals ever. “We are delighted to add this well positioned property with strong prospects for stable long-term income and rent growth to ... Read More »

ComCapp Buys Apartment Complex Near University of Houston

HOUSTON — Commerce Capital Partners, a San Antonio-based firm also known as ComCapp, has purchased Cityside Crossing, a 360-unit multi-housing community in southeast Houston, near the University of Houston main campus. HFF worked on behalf of ComCapp to secure the 12-year, fixed-rate Fannie Mae loan through M&T Realty Capital Corp.  Proceeds from the securitized loan were used to acquire the ... Read More »

Gracepoint Building 188-Acre Community North of Houston

MAGNOLIA, Texas – Gracepoint Homes has broken ground on its newest community, Stillwater, a 188-acre development near Interstate 45 just south of FM 1488 in Conroe. The community will feature an array of housing choices, with 55-foot, 65-foot and 80-foot properties. There also will be a gated section of 100-foot custom homesites. Gracepoint Homes will be the exclusive builder in ... Read More »

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