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Category Archives: Office

New Gemini-Rosemont Realty Venture to Acquire $3 Billion in Office Over Next Three Years

SANTA FE, N.M. – Santa Fe, NM-based Rosemont Realty and Hong Kong-based Gemini Investments have formed a joint venture to acquire $3 billion office properties in top U.S. markets over the next three years. The joint venture created a Gemini-Rosemont Realty to launch “an aggressive three-year, $3 billion acquisition program” with a strategy focused on Class A office in gateway ... Read More »

GEICO Makes Move to Richardson, a Magnet for Insurance Companies

RICHARDSON, Texas – GEICO is relocating its regional office, where 1,600 people work, to Richardson in the Telecom Corridor just north of Dallas. GEICO leased 233,000 square feet in a building that was formerly the headquarters of Fossil, Inc. Richardson has an array of large regional offices of insurance companies, including Blue Cross Blue Shield, State Farm and Travelers. The ... Read More »

Dallas Group Buys Houston Building

HOUSTON – Regis Property Management, a Dallas-based firm has acquired a 100,000-square-foot office building in Houston’s Uptown/Galleria area. Built in 1981, the six-story building, 770 S Post Oak Lane, is located seven miles from downtown Houston. Regis Property Management is an affiliate of Gene Phillips’ Pillar Income Asset Management and currently manages 34 commercial properties comprising in excess of 6 ... Read More »

Morton Salt HQ Moving to Hines’ 52-Story Tower Under Construction in Chicago

CHICAGO – Hines has landed the headquarters of Morton Salt, Inc. as an anchor tenants in the new 52-story River Point tower currently under construction in the Chicago’s West Loop. “Morton Salt is a company born and raised in Chicago with roots that date back to 1848. Becoming part of this new riverfront landmark is symbolic of our commitment to ... Read More »

Hines Breaks Ground on 40-Story Tower in Downtown Denver

DENVER — Hines on Tuesday broke ground on a 40-story tower in downtown Denver, one of the tallest projects built in Denver’s CBD in nearly three decades. The 662,000-square-foot project, called 1144 Fifteenth, will be located between Arapahoe and Lawrence Streets. The site is one block from the historic Latimer Square. Hines is starting the building on a spec basis. ... Read More »

Hartman Buys Office Project in Greenspoint

HOUSTON – Hartman Short Term Income Properties XX purchases 400 North Belt, a 230,872-square-foot office project in Houston’s Greenspoint office submarket in north Houston. Holliday Fenoglio Fowler marketed the property on behalf of the seller.  Hartman 400 North Belt, a subsidiary of Hartman Short Term Income Properties XX, Inc., purchased the building for $10.2 million from Parkway Properties. 400 North ... Read More »

Third Palm Launches $1 Billion Mixed-Use Development

HOUSTON – Third Palm Capital has launched a $1 billion plan to develop a 35-acre tract in Houston’s Energy Corridor. When completed in a decade or so, the mixed-use project will include 2.6 million square feet of office space, 100,000 square-feet of retail and restaurant space, two hotel and 800 multifamily residential units. Third Palm Capital, a South Carolina-based firm, ... Read More »

Midway Office Project in Upper Kirby is 60 Percent Leased

HOUSTON — One Grove Street a 225,000-square-foot office building under construction in the Upper Kirby District, recently topped out and it has reached 60 percent occupancy. Scheduled to debut in fall 2015, the 16-story, Class A office building is nearing completion of its curtain wall. A project of Houston-based Midway, the tower fronts Richmond Avenue and Levy Park, the heart ... Read More »

NAREE Journalists Head to Miami For 49th Annual Conference

MIAMI – -The National Association of Real Estate Editors will hold its 49th Annual Conference in Miami in June. NAREE journalists will  interview dozens of the world’s top real estate newsmakers, tour the country’s hottest luxury condo market and hone digital reporting skills. Ian Schrager, creator of the boutique hotel concept, will keynote NAREE’s 49th Annual Conference Friday morning, June 26, at the InterContinental ... Read More »

MetroNational Building Highest Ranked Greenest LEED Building in Texas

HOUSTON – The Treehouse Memorial City has been ranked No. 1 in Texas and second in the nation with a certified double LEED Platinum by the U.S. Green Building Council (USGBC). The 14,700 square-foot building serves as MetroNational’s development office, meeting space and showroom for in Memorial City, a major mixed-use project on the Katy Freeway in West Houston. The ... Read More »

Dateline Houston: When Oil Dropped Below $50, Some Investors High-Tailed-It Out of Town; But German Investor Martin Bruhl Bought a $440 Million Tower on Main Street

HOUSTON – A compelling investment story can be told in Energy Capital of the World, even with oil at $50 a barrel, says Martin Brühl, the German investment manager who just engineered one of the biggest deals in Houston’s real estate history. Brühl says Union Investment is not stopping with the Houston trophy. It is looking for more investments in ... Read More »

High Hopes: Whisper Number is $40M for Houston Chronicle HQ

HOUSTON – Hearst Corp. is hoping to fetch as much as $40 million in the sale its downtown Houston Chronicle property. Employees of the nation’s sixth largest newspaper are expected to relocate to the company’s facilities on the Southwest Freeway near Loop 610 in the fall of 2016. HFF is marketing the Chronicle’s downtown property, covering 99,184 square feet of ... Read More »

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