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Category Archives: Houston

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 »

Dunhill Partners Purchases Pearland Retail Center

PEARLAND, Texas – The Center at Pearland Parkway I, a 167,704-SF shopping center on the eastern side of Pearland has been purchased by Dunhill Partners of Dallas. The project was a joint venture between Stream Realty Partners and Dallas-based Thackery Partners. Rusty Tamlyn and Ryan West of HFF represented the sellers. Situated at the intersection of FM 518 and Pearland ... Read More »

Impressive Job Growth Rebound for Houston with 56,100 New Jobs Created

HOUSTON – The Houston area economy added 56,100 new jobs over the last year, one of the strongest job growth reports since job growth tailed off in 2015, according to the Texas Workforce Commission. The report covered a 12-month period ending June 30. Five sectors accounted for the bulk of the gains: healthcare, education, fabricated metal products, restaurants and bars, ... Read More »

Hines Selling Houston Multifamily Project on Café Adobe Site

  HOUSTON – Hines is selling its 21 Eleven apartment project near the southwest corner of Westheimer Road and South Shepherd Drive in Houston’s Inner Loop. Berkadia’s multifamily group, led by Ryan Epstein, will handle the sale of the 215-unit, five-story community, 2119 Westheimer at Peckham Street. Completed in March 2015 on the site of the old Café Adobe restaurant, ... Read More »

“Outstanding Building of the Year” – One Shell Plaza Wins International BOMA Award

HOUSTON – One Shell Plaza, the first downtown skyscraper developed by Gerald D. Hines, has been awarded an International TOBY (The Outstanding Building of the Year) Award at the 2017 Building Owners and Managers Association (BOMA) International Conference & Expo in Nashville, Tenn. The 50-story tower, which is owned by Busycon Properties LLC, won in the “Renovated” category. The building, ... Read More »

“Outstanding Building of the Year” – Hess Tower in Houston Wins International BOMA Award

HOUSTON – The Hess Tower in downtown Houston was a recipient of the International TOBY (The Outstanding Building of the Year) Award at the 2017 Building Owners and Managers Association (BOMA) International Conference & Expo in Nashville, Tenn. CBRE manages the Hess Tower, which won in the BOMA “Corporate Facility” category. The 29-story office building, 1501 McKinney, is located adjacent ... Read More »

Celebrating Hines’ Main Street Tower – His 21st Addition to Houston Skyline

  HOUSTON – (By Michelle Leigh Smith) – At 91, Gerald D. Hines opened his sexy new skyscraper this week. Towering 48-stories above Main Street and topped with a sloped crown, 609 Main at Texas has become a must-see destination – as hundreds of onlookers came to the grand opening celebration Wednesday night to view Hines’ latest urban handiwork. This ... Read More »

Houston No. 2 in Nation in Housing Starts, Dallas No. 1, Reports Metrostudy

HOUSTON – Houston ranks No. 2 in housing starts, slightly behind Dallas, which leads the nation. In other words, the Lone Star State is the shining star in homebuilding so far in 2017. Houston recorded 25,789 housing starts for the 12-month period ending in March 31, 2017, according to Metrostudy. In the same 12-month period Dallas had 30,017 starts. Showing ... Read More »

Patrinely Group Delivers New Multifamily Project in West Houston

HOUSTON – Patrinely Group, a Houston-based firm that has developed 4,300 apartment units around the nation, delivered Folio West, a 266-unit multifamily complex at 2525 Citywest Boulevard with frontage on Westheimer Road. The project is owned by Crimson Real Estate Fund and its co-investment partner USAA Real Estate Co., Realty News Report has learned. The four-story project, designed by LRK ... Read More »

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