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Category Archives: Houston

Fore! – Golf Still Drives Value for Housing; But How Much?

HOUSTON – (By Dale King) -A golf course view is a lovely amenity for your home. But a golf course in the neighborhood can actually put more money in your pocket if you’re planning to sell, says a new university study. Most of the real estate folks around Houston interviewed by agree with the faculty-conducted study out of Florida ... Read More »

14-Story Greenspoint Area Tower Acquired by Steve Moore Firm

HOUSTON – Austin Management Group, a Houston firm led by Steve Moore, has acquired the Northborough Tower, a 14-story office building at 100 Glenborough Drive in the Greenspoint area. The 206,533-SF building is currently vacant, although it is 99 percent leased until 2018 by Noble Energy. Transwestern’s Leah Gallagher, Michelle Wogan and Hale Umstattd represented seller. The building was formerly ... Read More »

WeWork Selects The Jones on Main for First Houston Location

HOUSTON – WeWork, a co-working office space company, will open its first Houston location in The Jones on Main, a historic redevelopment in downtown Houston. The office sharing WeWork concept is appealing to start-up firms, entrepreneurs and even Fortune 500 companies that need to have a regular presence in major cities. The Jones on Main is a redevelopment of the ... Read More »

The Boulevard Project: A Conversation with John Breeding of Uptown Houston District

HOUSTON – If you’ve ventured to Uptown Houston lately, a lot is going on in those 500 acres in the heart of Houston. A redevelopment plan, The Boulevard Project, is being put into effect in the area – one of the most vibrant in the country. The vision for the project is to rebuild Post Oak Boulevard into an exquisitely ... Read More »

Hotel Buying Spree: Another Holiday Inn Sold in Houston Area

TEXAS CITY, Texas – CBRE Hotels arranged the sale of Holiday Inn Express & Suites, located at 2440 Gulf Freeway in Texas City, between Houston and Galveston. Texas City Hospitality LLC purchased the 70-room hotel from Peet Hotels, Inc. as an investment opportunity for an undisclosed price. It is the third Houston-area Holiday Inn Express sold by CBRE Hotels in ... Read More »

Downtown Leasing: Four Office Leases Signed at 811 Louisiana

HOUSTON – Colvill Office Properties has closed on four new office leases at 811 Louisiana, a 577,735-SF office tower located in Houston’s Central Business District. The recently completed transactions include a 19,222-SF lease to Willis Towers Watson; a 6,150-SF lease to the McFarland, PLLC law firm;  a 4,433-SF lease to EVX Midstream Partners; and a 3,362-SF lease to Paula ... Read More »

HP will have a Work Force of 2,400 at New North Houston Campus

HOUSTON – HP, the hardware manufacturing company born in 2015 when Hewlett Packard was divided in two, will have 2,400 employees at its new campus in Springwoods Village in north Houston. The 380,000-SF, two-building campus, will open in late 2018. The $147 million project is being developed by Patrinely Group of Houston, along with USAA Real Estate of San Antonio ... Read More »

Former Woodlands CEO Starts 2,200-Acre Master Planned Community Near Austin

AUSTIN – Thomas Ranch, a 2,200-acre master planned community in the Texas Hill Country, will be developed in west Travis County by Blakefield LLC. Tom D’Alesandro, former CEO of The Woodlands Development Co., is overseeing development of the project, which will have 3,300 single-family homes, apartments, retail, a hotel and a town square. Featuring shoreline frontage on the Pedernales River, ... Read More »

Transwestern’s Johnson: Obamacare Reform Uncertainty Not Slowing Medical Real Estate

HOUSTON – The “repeal and replace” Obamacare health insurance discussions under the Trump administration have not slowed down activity in the healthcare industry, says Eric Johnson, national director of Transwestern’s healthcare advisory group. Johnson made the observations at the recent Texas Healthcare Real Estate 2017 conference in Houston. A panel discussion on healthcare real estate included Alan Whitson, president of ... Read More »

Dallas Investors Buy 1,516 Apartment Units in Houston

HOUSTON – ARA Newmark handled the sale of a portfolio of four Houston multifamily communities with a total of 1,516 units. ARA Vice Chairman Matthew Rotan led the deal – representing CBRE Global Investors in the sale to affiliates of Highland Capital Management, LP and BH Equities – with support from David Oelfke, David Wylie, David Mitchell and Thomas Alleman. ... Read More »

Play Ball! New Astros’ Florida Home Stadium Ready for Maiden Voyage on Tuesday

WEST PALM BEACH, Fla. (By Dale King) – The crack of cowhide-covered balls hitting wood bats, the thunk of speeding spheres smacking leather mitts and the cry of “Play Ball” are heralding the resurgence of Major League Baseball in central Palm Beach County, and the Houston Astros have a piece of that action. The team from Texas marks its 65th ... Read More »

Reimagining the Urban Oasis: The New Heights of Public/Private Partnership Blossoms at Levy Park

HOUSTON – (By Michelle Leigh Smith) The reborn Levy Park – a public private partnership unlike any other in Houston – celebrates its grand opening Saturday with a substantial roster of creating participants cutting the ribbon. The participants: celebrity TV chef Tim Love; noted landscape architect James Burnett; mixed-use development specialist Midway Cos., Natalye Appel + Associates Architects; and the ... Read More »

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