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Category Archives: Houston

Major Redo at 1415 Louisiana Tower in Downtown

HOUSTON – (Realty News Report) – A $15 million capital improvement campaign was recently completed at the  43-story, Class A downtown office tower, which is owned by the Wedge Group Incorporated, a Houston private equity investment firm specializing in acquisition investments. Upgrades include a new lobby, a new building entry, a conference center and two new restaurants: Strato 550Restaurant and ... Read More »

Rosenberg Hotel Sold

ROSENBERG, Texas – (Realty News Report) – Illinois-based Imeri Enterprise purchased the 56-room La Quinta Inn & Suites Rosenberg at 28332 Southwest Freeway. The seller was Houston-based Gayatri International LLC. “We are finding that buyers from all over the country are drawn to Texas because of the booming economy,” said CBRE Vice President Dennis Drake. The transaction was arranged by ... Read More »

660 Units on Westheimer Bought by Memphis Investors

HOUSTON – (Realty News Report) – The 660-unit Artesian on Westheimer apartments have been purchased by a joint venture of Memphis-based Fogelman Properties and DRA Advisors of New York. The project, which is 92 percent occupied, has good access to the Energy Corridor and Westchase, said Mike Aiken, vice president of acquisitions for Fogelman. Since 2003, the Fogelman-DRA partnership has ... Read More »

Gensler Moving Out of Pennzoil Place to 2 Houston Center

HOUSTON – (Realty News Report) – The Gensler architecture firm has leased 45,000 SF in the 2 Houston Center building, which is getting a major redo by building owner Brookfield Properties. Gensler will be moving out of  65,000 SF at Pennzoil Place, a transformative masterpiece developed by Gerald D. Hines in 1975. Gensler was represented in lease negotiations by Tim ... Read More »

Oil Out; Tech In — Some Positive News for Greenway Plaza

HOUSTON – (Realty News Report) – A trio of new tenants are further enriching an emerging tech and innovation ecosystem at Houston’s Greenway Plaza, the urban, 52-acre campus, operated by Parkway Property Investments, LLC  and located near the Southwest Freeway and Buffalo Speedway. The announcement comes after Greenway Plaza digests a string of bad news about tenants leaving Greenway Plaza, ... Read More »

Energy Corridor Office Building Acquired

HOUSTON – (Realty News Report) – A joint venture of Belvoir Real Estate Group and The Mission Cos. acquired the Broadfield at Park Ten, an 85,000-SF office building in the Energy Corridor. The seller, a partnership of Chief Partners and Stream Realty Partners, was represented by JLL. While the building was under contract, a tenant, the SLI Group, leased 18,000 ... Read More »

Home Depot Leases 770,000 SF in Hines’ Grand National Business Park

HOUSTON – (Realty News Report) – Home Depot leased 770,000 SF for a new distribution facility in Hines’ Grand National business park near Beltway 8 and Gessner Road adjacent to the Sam Houston Race Park in north Houston. The build-to-suit was explained recently by Michael Keegan of NAI Partners in a media briefing. The 107-acre Grand National is marketed by Jim ... Read More »

New Office Tower Breaks Ground in Houston’s Inner Loop

HOUSTON – (Realty News Report) – Stonelake Capital Partners held a ground breaking celebration Wednesday for Park Place Tower, a 15-story, 210,000-SF Class-AA office building located “inside the loop” at 4200 Westheimer Road within the Park Place | River Oaks development. Park Place | River Oaks is an 11.5-acre mixed-use development at the intersection of Westheimer Road and Mid Lane in ... Read More »

Home Sales Sluggish in January

HOUSTON – (Realty News Report) – Houston’s home sales were sluggish in January, as is typical in the first month of the year.  Houston Association of Realtors reported 4,100 single-family homes sold in January compared to 4,462 a year earlier. That represents an 8.1 percent decline – the third straight month of falling sales. Consistently, January is the slowest month ... Read More »

Houston Endowment Planning New HQ Building Near Buffalo Bayou Park

HOUSTON – (Realty News Report) –The Houston Endowment philanthropic institution is planning to build a new headquarters building near the intersection of Memorial and Waugh drives, just west of downtown. For years, the organization has been located downtown at 600 Travis, a 75-story building formerly known as the JP Morgan Chase Tower. The new headquarters is expected to be a ... Read More »

ULI Honors Top Innovative Houston Real Estate Projects

HOUSTON – (By Dale King, Realty News Report) – Houston real estate projects, The Star, Heights Mercantile, HARC and Emancipation Park, earned top honors at the Urban Land Institute Houston’s 2019 Development of Distinction Awards presentation. The awards recognize developments and public open spaces that exemplify best practices in design, construction, economic viability, healthy places, marketing and management. Since 2008, ... Read More »

Braun Acquires Yorktown Plaza Near Galleria

HOUSTON – (Realty News Report) – Braun Enterprises purchased Yorktown Plaza, a 196,000-SF office and retail complex on West Alabama near the Galleria in Houston. Yorktown Plaza, which is 54 percent occupied, includes 35,000-SF of retail and two 6-story office buildings in the 5300 block of West Alabama, between Yorktown and Rice. HFF’s Wally Reid and Kelly Layne represented the ... Read More »

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