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Category Archives: Office

Third Palm Capital Opens Major Energy Corridor Campus

HOUSTON – As the first phase of a major development, Third Palm Capital has engaged Boxer Property to repurpose and lease the existing office buildings on the former Exxon Mobil Chemical headquarters campus in Houston’s Energy Corridor. Christened Republic Square, the 35-acre project is located on Interstate 10, west of Eldridge Road adjacent to Terry Hershey Park. After purchasing the ... Read More »

Midway Plans Another 750,000 SF of Office in West Houston as New Tower Opens 75 Percent Leased

HOUSTON – Midway Cos., which has just opened its fifth office building in its CityCentre mixed-use development west Houston, is seeking tenants for two additional office towers on the northern edge of the project. The two new office towers, totaling 750,000 SF, will be built near Interstate 10, part of a northward expansion of CityCentre, which includes office, retail, hotels, ... Read More »

Commercial Development Begins in Midway’s Memorial Green with Six Tenants Signed

HOUSTON – Midway, a Houston-based real estate development and investment firm, has signed six commercial tenants in Memorial Green, an upscale village of custom homes, shops and office space on Memorial Drive in west Houston. Memorial Green will feature 91 single-family luxury urban homes, a central green plaza and gated community parks, 50,000 square feet of Class-A office space with ... Read More »

New Office Building to be Built on Site of Former Austin Airport

AUSTIN – A new office building will be constructed for Texas Mutual Insurance Co. in Austin in Mueller, the 700-acre redevelopment of the city’s airport. Texas Mutual Insurance, a provider of workers’ compensation insurance, plans to consolidate its Austin offices and move its headquarters with more than 600 employees to the new building in the Mueller community’s Aldrich Street District. ... Read More »

The Energy Corridor: The Epicenter of Houston’s Sublease Office Space Problem

HOUSTON— The Energy Corridor, named for its large concentration of energy tenants, has a difficult year ahead with 2.9 million SF of sublease space. The availability of sublease space has soared in Houston in the last year or so and 78 percent of the big sublease blocks have come from energy firms, according to Transwestern’s Sublease Statboard. Transwestern reports the ... Read More »

CBRE Retained to Evaluate AT&T’s Headquarters Office Space Requirements

DALLAS – AT&T Inc., which has its headquarters in downtown Dallas, is evaluating its real estate situation. The communications firm has retained CBRE to assess its office space needs. AT&T, which moved its headquarters from San Antonio to Dallas in 2008, has thousands of employees in multiple downtown buildings. One option that could be considered by AT&T is a proposed ... Read More »

Hughes Watters Askanase Law Firm Moves to Total Plaza in Downtown Houston

HOUSTON – Hughes Watters Askanase, a commercial law firm, has moved from Three Allen Center, 333 Clay Street, to Total Plaza, 1201 Louisiana Street, in downtown Houston. The law firm leased 25,000 square feet on the 28th floor of the 35-story Total Plaza. Kevin Kushner and Lucian Bukowski, both with CBRE’s Houston office, represented the law firm in the lease transaction. ... Read More »

Equus Buys Two Houston Office Buildings from Parkway Properties for $60 Million

  HOUSTON – An affiliate of Equus Capital Partners has acquired two Houston office buildings, totaling 302,000 SF for $60 million. Equus acquired: 5300 Memorial Drive, a 154,000-SF building just west of Shepherd Drive in the Rice Military community; and a building at 10497 Town & Country Way near the City Centre development. Equus, which is headquartered in the Philadelphia ... Read More »

Loomis Expands U.S. Headquarters in Houston’s Westchase District

HOUSTON – Loomis has extended and expanded its lease to 47,904 square feet in the 2500 CityWest Boulevard building in the Westchase District of Houston. Loomis, a Sweden-based armored-car and cash management services firm, previously leased 35,659 square feet in the building. JLL Houston President Dan Bellow negotiated the terms on behalf of the tenant. Win Haggard and Marilyn Guion with Colvill ... Read More »

Oil and Houston’s Office Market: Q & A with Bob Parsley of Colliers

For more than three decades, Bob Parsley has been involved in all phases of the commercial real estate business.  A native Houstonian, he has an undergraduate degree from the University of Virginia (College ’76) and the University of Texas Law School (JD ’79).  He joined Colliers in 1983 where he is currently the co-chairman and one of the company’s principal ... Read More »

Capital Markets Shift: Apartment Investing Hits Record; Now Rivals Office

(By Dale King) HOUSTON  – Sales of multifamily dwellings soared across the nation in 2015, as did the total number of dollars invested in apartment units, according to national figures provided by JLL Multifamily Capital Markets. The firm says investors poured almost $139 billion into multifamily product, trumping 2014’s record-setting $106 billion by a whopping 31 percent.  A global provider of ... Read More »

Trammell Crow and Met Life Developing Two-Tower Project in Dallas

DALLAS – Trammell Crow Co. and Met Life have broken ground on the Park District, a mixed-use project in the Uptown area of Dallas. The project will have a 500,000-SF office tower and a 34-story apartment tower. PriceWaterhouseCoopers leased 200,000 square feet. CBRE is leasing the building, designed by HKS. The project, located near the intersection of Woodall Rodgers Freeway ... Read More »

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