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Category Archives: Houston

Crescent Sells The Groves and Two Other Master Planned Communities

HOUSTON – Crescent Communities has sold The Groves, a 1,000-acre master-planned community in northeast Houston and two other Texas single-family communities to funds managed by Castlelake, L.P. of Minneapolis. The Charlotte-based Crescent sold 100 percent of its interests in The Groves in the northeast Houston suburb of Humble, Belterra in southwest Austin and Wildridge in the Dallas suburb of Oak ... Read More »

Historic Texaco Building Re-Opens as The Star Apartments in Downtown Houston

HOUSTON – The 102-year-old Texaco building in downtown Houston has been redeveloped into a 286-unit residential rental tower called The Star. The 410,000-SF high-rise apartment tower, developed by Dallas-based Provident Realty Advisors, offers starting rents at $2,150. The Star, originally designed in Renaissance Revival style with Beaux-Arts accents, is located at 1111 Rusk on a block bounded by San Jacinto, ... Read More »

RigNet Leases 29,000 SF in Energy Corridor

HOUSTON – RigNet, a leading global provider of digital technology solutions, leased 28,808 SF of office space at Park Ten Plaza in Houston’s Energy Corridor. This transaction brings the 155,140-SF building to 83 percent leased. Brad Fricks, Senior Vice President at Stream Realty, represented the landlord, USAA Real Estate Co. RigNet was represented by Joe Peddie at Cushman and Wakefield. ... Read More »

Davis Holdings Buys Midtown Office Building

HOUSTON – Davis Holdings, L.P., an oil and gas, real estate investment firm, purchased a 100-percent leased, 33,000-SF  office building at 1500 McGowen Street in Houston’s Midtown district. JLL’s Louis Rosenthal negotiated terms of the deal on behalf of Davis Holdings. David Husid and Brandi McDonald of Newmark Grubb Knight Frank represented the seller, Skyland Lodge Tract, L.P. “Davis Holdings was attracted to the ... Read More »

Buchanan Street Partners Seeking More Acquisitions, After Buying Houston Office Building

HOUSTON – Duke Realty, a REIT based in Indianapolis, has sold Sam Houston Crossing II, a 160,000-SF office building at 10344 Sam Houston Parkway to Buchanan Street Partners. Duke has been selling off its office properties to focus on industrial real estate. The building, which is 100 percent leased, was purchased by Buchanan Street Partners, which is based in Newport ... Read More »

O’Malley Tells Houston’s Kinder Institute He’s “Open” to Another Presidential Bid in 2020

HOUSTON – (By Michelle Leigh Smith) – Former Maryland Governor Martin O’Malley, mentioned as a possible candidate for president in 2020,  was in Houston Wednesday offering Houstonians a close-up look at data-enhanced governing with a network of cities and universities. O’Malley spoke Wednesday night at the Kinder Institute Urban Research Forum in the Brown Auditorium of the Houston Museum of ... Read More »

Houston Apartment Association’s State of the Industry: Worst is Over, But Recovery Won’t Be Instant

HOUSTON – Houston’s multifamily industry will have a lackluster 2017 with upscale Class A properties as the weakest sector. That’s the word from the Houston Apartment Association’s State of the Industry breakfast last week. The worst multifamily problem spots are Class A properties in Montrose, Downtown, the Galleria area and the Medical Center area, says Bruce McClenny of Apartment Data ... Read More »

Atlanta Developer Starting Seven-Story Condo Near Houston’s Memorial Park

HOUSTON – Stolz Partners of Atlanta will break ground shortly on The Sophie at Bayou Bend, a seven-story, 42-unit condominium project on Memorial Drive near Memorial Park in Houston. Designed by Mirador Group and marketed by Sudhoff Cos., the Sophie project has reached 50 percent pre-sold with an average price of $1.8 million. IBC Bank is providing construction financing. “The ... Read More »

Martin Fein to Develop 300 Units Near Lake Houston

HOUSTON – Martin Fein Interests of Houston has acquired 18 acres near West Lake Houston Parkway in northeast Houston for a multifamily development. Fein, a veteran in the multifamily industry, will develop a 300-unit garden-style apartment community on the site, which is across the street from The Groves, a new 1,000-acre master planned community by Crescent Communities of Charlotte, N.C. ... Read More »

Winning Streak Continues: Houston Home Sales Up in January

HOUSTON – Following up on the strongest year ever for home sales in Houston, the winning streak continues in the new year with single-family sales rising in January 2017. The Houston Association of Realtors reported 4,080 single-family homes were sold in January, up 1.7 percent from the 4,011 sold in January of 2016. Last month was the second-best January in ... Read More »

Neighbors Health Leases New HQ in Westchase

HOUSTON – Houston-based Neighbors Health, LLC has relocated its corporate headquarters, leasing 98,000 SF in Richmond Park Westchase, 10800 Richmond Ave. The five-story office building is operated by Zenith Real Estate Group. The headquarters of Neighbors, which operates Neighbors Emergency Centers, had been located in the Pearland Town Center. The health firm has subleased the Pearland space, says Colliers International’s ... Read More »

Gov. Martin O’Malley to Speak at Rice Kinder Institute for Urban Research Forum in Houston

HOUSTON – Martin O’Malley, who ran for the Democratic presidential nomination last year,  will be speaking in Houston next week at the Rice University Kinder Institute for Urban Research forum. The Forum will be held 6:30 PM at the Museum of Fine Arts, 1001 Bissonnet on Wednesday Feb. 15. O’Malley served as the 61st governor of Maryland from 2007 to ... Read More »

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