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Category Archives: Houston

Denver Firm Buys Office Building for $27.4 Million

SUGAR LAND – (Realty News Report) – Northstar Commercial Partners, a Denver-based investment firm, acquired the  77 Sugar Creek Center Boulevard, a 143,000 SF  office building located in Sugar Land, for $27.4 million. Sugar Creek building, formerly called Two Sugar Creek, houses a diverse tenancy of mid-sized offices, with over 35 tenants and is 94 percent leased. Velocis was the ... Read More »

Texas Real Estate Briefs – From Realty News Report

Houston real estate briefs Allied Industrial Sales leased 42,842 SF at 3003 Highway 225 in Pasadena.  The tenant was represented by John Luck and Griffin Rich of Newmark Knight Frank in the transaction with the landlord, LIT Industrial Limited Partnership. …………………………………………….  Fluid Flow Products has signed a lease for 26,520 SF of office warehouse space in Sterling Industrial Park at 186 White ... Read More »

Hines Launches Coworking Initiative

HOUSTON – (Realty News Report) – Hines is launching a coworking initiative, called Hines²  (Hines Squared) to meet the demand for flexible office space. The coworking service will be introduced at the 33-story 717 Texas building in downtown Houston and the 167,000-SF Kearns Building in Salt Lake City. Hines said the program will be rolled out in Atlanta, Boston, Denver, ... Read More »

Let Freedom Shine: Freedom Solar Opens New HQ as Solar Panel Industry Expands

AUSTIN – (Realty News Report) – Freedom Solar, one of the largest solar panel installers in Texas, has moved into its new headquarters building in Austin. Located at 4801 Freidrich Lane, the new Austin headquarters features 20,000 SF of space, including a warehouse that will hold thousands of solar panels. “The opening of our new Austin headquarters is a continuation of ... Read More »

Three Pillars Capital Buys Class B Multifamily Near Greenspoint Mall

HOUSTON – (Realty News Report) – Three Pillars Capital Group, a Houston-based multifamily real estate investment firm acquired the Pine Lake Village Apartments in Houston’s Greenspoint area.  “This deal was made possible by our existing relations in a true off-market transaction,” said Josh Welch, founder and managing principal of Three Pillars Capital Group. “We are proud to add this property ... Read More »

Next Gen Mixed-Use Development – Keeping it Fresh

AUSTIN – (Realty News Report) – Mixed use real estate developments, while extremely popular today, can’t be built just anywhere and must follow certain criteria, according to Jonathan Brinsden, chief executive officer of Houston-based Midway a privately-owned, fully integrated real estate development and investment firm. Brinsden spoke from experience – Midway boasts nine mixed use projects in Houston that have been completed, under construction or on ... Read More »

NIT Industrial Buys Land for Spec Project

BAYTOWN, Texas (Realty News Report)  – An entity affiliated with NIT Industrial LLC has acquired 12.8 acres in the Cedar Port Industrial Park for a four-building spec industrial park with 204,000 SF. The tilt-wall buildings will be about 50,000 SF each. Jason Tangen of Colliers International represented the buyer. The seller TGS Cedar Port Partners was represented by Joel Michael ... Read More »

Tallest Skyscraper in Texas to be Sold for $627 Million

HOUSTON – (Realty News Report) – Hines, in partnership with  Cerberus Capital,  has agreed to acquire the 600 Travis building, a 75-story  office property known as the tallest tower in Texas. That’s according to Real Estate Alert, which reported the sales price is around $627 million or $300 per SF. The seller is Prime Asset Management, which is controlled by family ... Read More »

Design Competition Launched for Houston Endowment HQ Building

HOUSTON –  (Realty News Report) – The Houston Endowment has launched an international design competition for its new headquarters building which be built just west of downtown near Spotts Park and Buffalo Bayou. The 40,000-SF project, which has a $20 million budget, is slated to open in May 2022. The design competition, conducted with Malcolm Reading Consultants, requires an initial response ... Read More »

The Largest Nissan Dealership in the World – A Step Toward the South Loop’s Golden Era?

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Central Automotive Group opened a 162,500 SF expansion at its Astrodome-area facility, making it the largest Nissan dealership in the world. The project, located at 2901 South Loop West, covers 16 acres, with a third of a mile fronting the 610 South Loop. The spiffy red, white and gleaming ... Read More »

Fuller Acquires Energy Corridor Office Properties with 11 Percent Occupancy

HOUSTON – (Realty News Report) – Fuller Parkview LLC, an affiliate of Fuller Realty Partners acquired a pair of Class B office buildings in the Energy Corridor. The two-building portfolio, which is 11 percent leased, is located south of Interstate 10. The seller, LNR Partners, was represented by JLL’s Rick Goings, Rudy Hubbard and Kevin McConn, The buildings, called Parkview ... Read More »

Spring Has Sprung: Strongest May Ever For Home Sales in Houston

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Houston Realtors had their best May ever as low mortgage rates and a more ample inventory of homes for sale churned up the housing market. The Houston Association of Realtors reported 8,346 single family homes were sold in Houston in May, up 2.8 percent over the 8,117 sold in ... Read More »

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