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Category Archives: Office

Drew Lewis/Griffin Brokers Create Lee & Associates Houston

HOUSTON – Veteran Houston broker Drew Lewis, along with Chris Lewis and other brokers from Griffin Partners, has opened Lee & Associates Houston, in an affiliation with Lee & Associates, a national firm. Lee & Associates Houston is comprised of brokers from Griffin Partners, a local boutique real estate player, who has partnered with Lee & Associates to open the ... Read More »

Hartman Buys a Pair of Houston Office Buildings

HOUSTON – Hartman Short Term Income Properties XX, a Houston based Real Estate Investment Trust, announced that Hartman Highway 6 LLC, an affiliate, has purchased the Timbercreek Atrium and Copperfield office buildings in Houston. Timbercreek Atrium & Copperfield are two Class B office buildings totaling 93,656 square feet. The multi-story office buildings are located in the highly desirable Northwest Houston ... Read More »

Colliers: Huge Absorption of Houston Office Space in 2014

HOUSTON – A whopping 6.8 million square feet of office space was filled in Houston last year, despite big gains in rental rates, according to the year-end report by Colliers International. The big driver of the leasing activity was incredible job growth, as Houston added about 125,000 jobs last year – the strongest year for jobs since 1981. Forecasters are ... Read More »

Citizens Invited to Vote for ULI’s “People’s Choice” Award for Favorite Houston Real Estate Projects

HOUSTON – The Houston District Council of the Urban Land Institute (ULI) will recognize some of Houston’s groundbreaking real estate developments at the January 27 Development of Distinction Awards presented by Winstead Attorneys. The public is invited to vote for their single favorite project among the finalists in the “People’s Choice” Award. The ULI awards recognize developments that exemplify best ... Read More »

Unilev Buys Building in Houston’s Westchase

HOUSTON – Unilev Capital Corporation purchased 1500 CityWest, a 192,313-square-foot, Class A ten-story office building located in Houston’s Westchase submarket. The property is located at the intersection of CityWest Boulevard and Briar Forest Drive, near the West Sam Houston Parkway. JLL Capital Markets represented the seller, Metro National with Rudy Hubbard, Vice President Kevin McConn and Associate Rick Goings led ... Read More »

Vista Equities Buys Austin Building

AUSTIN – A partnership headed by Vista Equities Group, a Houston firm led by Woody Mann, has acquired the Park Central office building in Austin. Park Central is a 114,091-square foot multi-tenant building located in Austin’s North submarket near the intersection of Interstate 35 and Parmer Lane. “This acquisition fits well into Vista’s investment philosophy and we are pleased to ... Read More »

Riverside Resources Buy San Antonio Office Project

SAN ANTONIO – Riverside Resources has purchased Highpoint Towers, two 11-story office towers totaling 301,118 square feet adjacent to the south Texas Medical Center in San Antonio. HFF marketed the asset on behalf of the seller, DNA Partners.  The property was purchased Riverside, an Austin-based firm, for an undisclosed amount. The deal removes the last remaining office asset from DNA’s ... Read More »

Boxer Buys New Jersey Building for $11 Million

EAST HANOVER, N.J. — Boxer Property, a Houston-based firm led by Andrew Segal, has acquired a 177,820-square-foot office building in East Hanover, which is about 15 miles northwest of Newark, N.J. The seller was Griffin Capital Essential Asset REIT of El Segundo, Calif. Boxer F3 LLC paid $10.95 million to buy the property, called the Executive Office Center in East Hanover. Boxer, founded in ... Read More »

Brookdale Buys 40-Story Tower from Cousins for $167 Million

FORT WORTH – Cousins Properties Inc. announced that it has completed the sale of 777 Main, its 980,000 square foot, Class A office tower in downtown Fort Worth for a gross price of $167 million. The tower was purchased by the Brookdale Group, an Atlanta firm led by former Hines executives. Cousins purchased 777 Main for $160 million in September ... Read More »

Two Energy Firms Lease Office Space in Houston, Where Falling Oil Prices Pose Questions

HOUSTON — Parkway Properties has announced two Houston office leases to energy-related firms, reducing the potential for empty space in its Houston portfolio. “These two leases help to quickly mitigate some upcoming known move-outs in our Houston portfolio with little to no downtime,” stated James R. Heistand, President and Chief Executive Officer of Parkway. Nabors Industries, which owns more than ... Read More »

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