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Category Archives: Houston

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 »

Williamsburg Enterprises Buys Grocery-Anchored Center Near Texas Medical Center

HOUSTON  – Williamsburg Enterprises Limited of Houston has acquired the Renaissance Center, a 97,279-SF, value-add, grocery-anchored retail center east of the Texas Medical Center in Houston. HFF marketed the property on behalf of the seller, Lionstone Investments. Renaissance Center is anchored by H.E.B, one of the largest independent food retailers in the U.S. and the premier grocer in Texas.  Completed ... Read More »

Transwestern Sells 1,600 Units in North Texas

DALLAS – Transwestern’s Dallas-based Multifamily Investment Services Group has closed transactions on 1,600 units valued at $85 million in North Texas. Transwestern Principal Taylor Snoddy and Vice Presidents Philip Wiegand and James Roberts represented the sellers and also sourced the buyers on the transactions, which closed in the last weeks of the year. “These transactions represented a wide range of ... Read More »

Energy Group Leases Space in the Tallest Tower in Texas

HOUSTON – An energy organization signed a large lease in the tallest tower in Texas – the 75-story JPMorgan Chase Tower in downtown Houston. Indigo Resources Inc. and its sister company, M5 Midstream LLC, leased 67,710-SF in the tower, which was developed by Hines at 600 Travis. Savills Studley executive vice president and co-branch manager Mark Russell represented the tenants. ... Read More »

Did the Tide Just Turn in Houston’s Office Market? A $512M Deal May Mean Yes

HOUSTON – In a deal that may represent a turnaround milestone for Houston’s office market, Parkway Inc. has agreed to sell a 49 percent stake in its Greenway office portfolio for $512 million or $210 per SF. The deal represents one of the largest investments in years in Houston, which has been at the bottom of the menu for institutional-quality ... Read More »

Houston Office Leasing Diversified in 2016, CBRE Research Reports

HOUSTON – Houston’s energy companies accounted for only 18 percent of the office leasing activity in the city last year, a significant decline from historical levels, CBRE reports. But, in a demonstration of Houston’s diversified economy, companies in other industries stepped up and leased a large blocks of office space. Houston’s office occupier demand has diversified, reports CBRE. It’s not all about ... Read More »

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