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Category Archives: Houston

Spencer Ogden Leases Office Space in GreenStreet in Downtown Houston

HOUSTON – Spender Ogden, a London-based energy, engineering and infrastructure recruitment agency, announced that it is tripling the size of its Houston office and relocating to GreenStreet at 1201 Fannin in downtown Houston. Bill Boyer and Collin Grimes of CBRE represented the tenant. Damon Thames, Connor Saxe and Vince Drake of Colvill Office Properties represented the landlord.  The firm will ... Read More »

Construction Financed for Condo Development in Houston’s Museum District

HOUSTON – Museum Boulevard Condominiums, a residential building in Houston’s Museum District has obtained construction financing, according to Transwestern’s Structured Finance Group. Surge Homes, the developer of the 49-unit project, announced the start pre-sales on the project last year. The condominiums will be located at 4819 Caroline Street, just north of Hermann Park and the Texas Medical Center. Surge Homes ... Read More »

Dallas Firm Buys Three Houston Industrial Buildings

HOUSTON – Atcap Partners, a Dallas-based investment group, has acquired three warehouses buildings in infill markets of Houston. TA Realty, the seller, was represented by Trent Agnew and Rusty Tamlyn of HFF. The three buildings, which contain a total of 101,635 SF, are 100 percent leased. The portfolio includes a building at 3300 Claymoore Park in northwest Houston and two ... Read More »

Investor Herd Prepares for Stampede into Houston

HOUSTON – (By Ralph Bivins) – Investor interest has been rekindled in Houston, after an oil price crash becalmed investment sales activity. Only a handful of Houston office buildings were sold in 2016 as vacancy rates soared and energy companies dumped loads of excess office space on to the sublease market. “There’s lots of interest in Houston by investors, lenders ... Read More »

NW Office Building Purchased

HOUSTON – Insite Commercial Real Estate has acquired Intellicenter, a 160,407-SF, Class A office property in northwest Houston. Intellicenter is situated on 12.8 acres at 4650 Westway Park within the Westway Park office campus, which was developed by David Wolff’s Wolff Cos. along the West Sam Houston Tollway (Beltway 8). The building, completed in 2007, the LEED Silver, three-story property ... Read More »

The Comeback in Houston Real Estate Investment: Q&A with Robert Williamson of Midway

HOUSTON – As the price of oil plunged to the lowest level in years, investor interest in Houston plunged right along with it. By early 2016, oil had fallen below $30 a barrel, down from a high of $107 in the summer of 2014. A few vulture funds ventured forth during the free fall, seeking bargains in the world’s energy capital, but when these funds ... Read More »

Techway Southwest Sold for $33 Million

HOUSTON – Cabot Properties has acquired Techway Southwest, a 415,000-SF industrial property in southwest Houston on Bissonnet Street, near Beltway 8. The price was $33 million. The seller, EastGroup Properties of Jackson, Miss., was represented by Jack Fraker, Randy Baird, Heather McClain Venegoni and Tom Lynch of CBRE. The four-building portfolio is 100 percent leased with a diverse range of ... Read More »

Charles Hazen Appointed President of Transwestern Investment Group

HOUSTON – Charles Hazen, who formerly served as President and CEO of Hines Global REIT and other Hines business units, has been named President of Transwestern Investment Group. Transwestern Investment Group is part of the Transwestern group of companies, which also includes national real estate services and development companies. “Charles brings deep investment management experience and outstanding investor relationships to ... Read More »

Building Successful Real Estate Organizations: Q&A with Elke Laughlin

HOUSTON – After two and a half decades in commercial real estate, Elke S. Laughlin decided to strike out on her own, forming the Laughlin Consulting Group in Houston. She most recently served as Executive Vice President of Corporate Development with NAI Partners, one of Texas’ largest independently owned commercial real estate services organizations. Prior to joining NAI Partners, she ... Read More »

Exeter Acquires Business Park in Northwest Houston

HOUSTON – Exeter Property Group, an investment management firm based in Conshohocken, Pa., has acquired Bammel Business Park in northwest Houston. The five-building, 246,000-SF project is located on 14 acres on the North Sam Houston Parkway West. Rusty Tamlyn and Trent Agnew of HFF represented the seller, FR/Cal Bammel. “This offering generated substantial interest due to the value-add nature, deal ... Read More »

REIT Buys 11 Buildings in Sale-Leaseback

HOUSTON – Store Capital, a Phoenix-based REIT that specializes in sale-leasebacks, has acquired an 11-building portfolio of Texas and Florida real estate. The seller, CBS Rental & Supply, is one of the largest providers of construction equipment and construction rental supply in the Gulf Coast. CBS Rental & Supply, which will continue to occupy the buildings, was represented by the ... Read More »

Urban Myth Debunked: Texas Suburbs (Not Urban Areas) Lead the Nation in Population Growth, CBRE Reports

HOUSTON – (By Dale King) – Urban densification, the suggestion that homeowners throughout the USA – possibly led by Millennials, empty nesters and senior citizens — are fleeing from the suburbs to the urban lifestyle at the core of metropolitan America, may be a short-lived trend or, perhaps, a myth, say studies conducted by CBRE Research. Suburban growth has surpassed increases ... Read More »

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