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Category Archives: Houston

Skanska Announces Construction has Started on Downtown Skyscraper with Bank of America as Anchor

HOUSTON- Skanska announced Wednesday that it has started construction on Capitol Tower, a 35-story office development in downtown Houston, after reaching a lease agreement with Bank of America. Bank of America leased 210,000 SF and it expects to move into the new building in first half of 2019. JLL represented Bank of America. Warren Savery, Kristen Rabel and Rima Soroka ... Read More »

Houston Office Market Slides as Vacancy Hits Highest Mark in 22 Years as Negative Absorption Prevails

HOUSTON – The vacancy rose sharply in the first quarter while the Houston office market recorded 789,000 SF of negative net absorption, according to the NAI Partners real estate firm. In layman’s terms, this means more office space became vacant since the beginning of the year. This stumble occurred even though a lot of folks believed the worst was over. ... Read More »

Want a Screwhorn Antelope? A Camel? 15 Lakes? Houston-Area Zoo Can Be Yours for Only $7 Million

  ALVIN, Texas – (By Dale King)  – Singer/songwriter Paul Simon once vocalized: “Someone told me it’s all happening at the zoo.” Actually, something unique is happening at the Bayou Wildlife Zoo in Alvin, Texas, a town in Galveston County about 20 miles south of Houston. The 80-acre parkland that houses 500 exotic birds and animals and draws more than 90,000 ... Read More »

With Foundation Already Poured, New Skanska Skyscraper Will Zoom Onto Houston Skyline in Record Time

HOUSTON – Skanska USA’s Capitol Tower will make its appearance on Houston’s downtown skyline in record time, perhaps with building being completed before the start of 2019. Work appears to be starting now on the 35-story, 750,000-SF tower. Construction cranes have been erected, a sure sign Skanska is serious. Typically, a 35-story office tower will take two years to complete. ... Read More »

HFF: Developers from Around the Nation Will Pursue Prime 30-Acre Chevron Campus in Bellaire

BELLAIRE, Texas – Chevron’s 30.5-acre tract along Loop 610 in Bellaire will attract interest from significant developers from around the nation, according to the HFF real estate firm, which was recently retained to handle the disposition of the prime site near Houston’s Inner Loop. The Bellaire City Council voted Monday night to adopt planning language that could pave the way ... Read More »

Accesso Retains Transwestern to Lease Energy Corridor Building

HOUSTON – Transwestern has been retained by Accesso Partners to lease its office building in the Energy Corridor in west Houston. “Transwestern has been a strong performer in leasing our office properties in Austin and San Antonio and we’re confident they will tap their vast network of resources and relationships to raise occupancy at One Park 10,” says Michael Adams, ... Read More »

Saying It Must Be in a ‘Global City’, Firm Moves HQ from Sugar Land to Miami

CANTORIA, Spain – (By Dale King) — The Cosentino Group, a major producer and distributor of innovative surfaces for architectural and design work, has issued a statement saying the firm will move its North American headquarters out of Houston and to the city of Coral Gables near Miami, this summer. A Cosentino executive said the family-owned company based in Spain wants to ... Read More »

W.P. Carey Group Sells Downtown Houston Tower

HOUSTON – The 500 Jefferson building, developed as part of the Cullen Center complex in downtown Houston, has been purchased by Jefferson Smith LLC. The seller was Corporate Property Associates 17 – Global, an affiliate of the W.P. Carey investment firm based in New York. The 22-story, 390,000-SF office building, completed in 1962, was renamed last year, although a KBR ... Read More »

Opening Day: New 500 Crawford Apartments are Within Bunting Distance of Astros Stadium

HOUSTON – (By Michelle Leigh Smith) – Opening Day for the Houston Astros baseball club has a special meaning if you live in the 500 Crawford apartments. It means you can walk from your apartment to the Astros game in about 10 seconds. So it will hard to be late for the Astros first game of the season on Monday ... Read More »

Drayton McLane Company Leases Distribution Space in Houston

HOUSTON  –  McLane Group International, a firm owned by former Astros owner Drayton McLane, has leased 159,785 square feet at Interstate Commerce Center at 1902 Cypress Station Drive in Houston. CBRE’s Patrick Rollins represented McLane Group International, LP. in lease negotiations with the landlord, Hillwood Investment Properties, which was represented by Stream Realty. McLane Global is considered an expert within the global logistics management ... Read More »

10-Story Marriott Going Up Next to Exxon Mobil Campus in Springwoods Village

SPRING, Texas — Construction has started on the 337-room Marriott CityPlace hotel in the Springwoods Village community, where the Exxon Mobil campus is located in north Houston. Dallas-based Woodbine Development in partnership with CDC Houston and USAA Real Estate Co. announced the 10-story hotel project, slated to open in November 2018. The Marriott hotel anchors the eastern end of CityPlace, ... Read More »

Amazon Announces 1 Million SF Distribution Center with 1,000 New Jobs Near Houston

KATY, Texas – Amazon Inc. will create 1,000 new jobs and construct a large fulfillment center on the far west side of Houston along Interstate 10 in the Katy area. “We are excited to continue growing in Texas by creating an additional 1,000 full-time roles at this new fulfillment center in Katy,” said Akash Chauhan, Amazon’s vice president of North ... Read More »

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