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Category Archives: Houston

Colliers: 10 Acres Sold for Hotel and Warehouse Development in Missouri City

MISSOURI CITY, Texas – Colliers International has handled the sale of 10 acres along Beltway 8 in Missouri City for the development of a hotel and several office warehouse buildings. The site is near the intersection of Sam Houston Parkway and McClain Boulevard. MAA Hospitality bought 1.4 acres for the development of a Crystal Inn hotel. Graniti Vicentia Realty LLC ... Read More »

Avison Young to Handle Leasing for Suburban Building in Alternative Location

HOUSTON – (Realty News Report) – Avison Young  has been named the exclusive leasing agent for 7102 N Sam Houston Parkway West, an office building in northwest Houston. “The building is well positioned to benefit from tenants no longer willing to remain in Greenspoint or other North Houston locations,” said Doug Pack, principal with Avison Young. The building is west ... Read More »

600,000-SF Industrial Building Started at Hines’ Pinto Business Park

HOUSTON – Construction has started on a 600,000-SF build-to-suit for Emser Tile in Pinto Business Park, a north Houston commercial development owned by the Houston-based Hines real estate firm and its joint venture partners Kohlberg Kravis Roberts & Co. Pinto Business Park is located near the southwest corner of Beltway 8 and I-45 North. Emser Tile is the largest, privately-held designer ... Read More »

Beaumont Apartment Complex Sold

Houston – Transwestern’s Houston Multifamily Investment Services Group handled the sale of Pindo Pointe, a 164-unit multifamily property at 7390 Pindo Circle in Beaumont, east of Houston. Transwestern Managing Director Ed Cummins and Vice President Ryan Mendez represented the seller, Parkdale Pindo L.P. Winslow Asset Management LLC purchased the apartments for an undisclosed price. “This asset was fully renovated, stabilized ... Read More »

Tract Sold in NW Houston, Colliers Reports

HOUSTON – Colliers International handled the sale of a 16.7 acre tract in northwest Houston. Eastbourne Fry & 529 LP sold the land to K-Tung, LLC. The property is located just south of Fry Road & FM 529 intersection, adjacent to the Fiesta store. The buyer was represented by Tri Tran of ReMax Alliance. Christopher D. Winters and William J. ... Read More »

Space City’s Appeal: Three Sites in Houston for Amazon’s Massive Second Headquarters

HOUSTON – (Commentary By Ralph Bivins) – Houston is a cradle of innovation and entrepreneurial genius. Houston has been home to many of the innovators: computer magnate Michael Dell, fracking pioneer George P. Mitchell and Jeff Bezos – a student in the Houston Independent School District before he created Amazon, the world’s most dominant internet retailer. Houston is where President ... Read More »

$40 Billion in Petrochemical Construction Means Texas Needs More Trained Workers

PASADENA, Texas – (By Michelle Leigh Smith) – The Texas Gulf Coast has $40 billion in new petrochemical plants on the way, raising concerns about whether Texas will have enough certified workers to staff them. The coastal region boasts the largest petrochemical manufacturing complex in the United States, second largest in the world, and is home to 90 companies and ... Read More »

Remodeling/Expansion Planned at Iconic Bank of America Building in Downtown

HOUSTON –  (Realty News Report) – The old and almost forgotten Western Union building, which has been encased and hidden since the 56-story Bank of America Center tower was completed in 1983, is being opened up and redeveloped. The renovation of the Western Union space will add some 35,000-SF to the Bank of  America skyscraper, providing room for a new ... Read More »

Lionstone Investments to be Acquired by Columbia Threadneedle

HOUSTON – (Realty News Report) – Columbia Threadneedle Investments has announced an agreement for Columbia Management Investment Advisers, LLC to acquire Houston-based Lionstone Partners, Ltd., a leading national real estate investment firm operated as Lionstone Investments. Lionstone is a participant in a number of of major projects in Houston, including several with Midway Cos., including the GreenStreet mixed-used development in ... Read More »

Texas Investors Buy North Houston Apartments

HOUSTON – Trinity Casa Verde LLC purchased the Casa Verde Apartments, a 384-unit apartment complex in north Houston near Interstate 45, Airline Drive and Beltway 8. Trinity Private Equity Group of Southlake, Texas and TRI Consulting Group coordinated the acquisition of the two-story, garden-style apartment community. CBRE’s Clint Duncan and Matt Phillips arranged the sale on behalf of the seller, ... Read More »

Brookfield Agrees to Buy Office Complex in Downtown Houston for $875 Million

HOUSTON – Brookfield Asset Management has agreed to pay $875 million for the 4.2 million SF Houston Center office complex in downtown in one of the largest transactions ever for Houston. J.P. Morgan Asset Management, represented by HFF, elected to sell Houston Center as the Houston office market enters a new epoch that redefines Class A space in Houston. The ... Read More »

Houston Gains 53,500 New Jobs

HOUSTON – The Houston area economy added 53,500 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 Aug. 31, 2017. The sectors accounting for the bulk of the gains: manufacturing, healthcare and employment services (temporary help ... Read More »

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