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Category Archives: Office

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 »

Former Bombay Co. HQ Building Purchased by Transwestern Investment Group

FORT WORTH – The former Bombay Co. headquarters building in Fort Worth has been purchased by Transwestern Investment Group, on behalf of Diversified International Partners. CBRE Capital Markets announced the sale of 550 Bailey, a recently renovated, Class A office in Fort Worth’s Cultural District. The seven-story, 122,828-square-foot asset was completely renovated in 2008 and once served as headquarters for ... Read More »

JLL’s Dan Bellow: Landlords Cut Rents as Houston Becomes a Tenants Market Again

HOUSTON – Long-time Houston broker Dan Bellow, president of Jones Lang LaSalle-Houston, says some Houston office buildings owners have reduced rents and overall rental rates are under pressure as Houston’s office market has become a “tenants’ market.” With energy company cutbacks and oil patch layoffs, oil companies are putting excess Houston office space  – some of it in brand new ... Read More »

CoreNet Panel: Sublease Space Coming to Houston Office Market, Where Spec Projects are Over

HOUSTON – Energy companies are putting sublease space on the market in Houston where an oil price collapse has derailed the expansion plans for a number of firms, according to speakers at a real estate luncheon Tuesday. “There’s a lot of sublease space coming back on the market,” said Patrick Duffy, president of the Colliers International realty firm in Houston. ... Read More »

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