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Category Archives: Office

Making Mixed-Use Work in Downtown Houston: The Q&A with Jane Page of Lionstone Investments

With more than 570,000 square feet of office and retail space, GreenStreet is one of the most interesting developments in downtown Houston.  Two weeks ago, Lionstone Investments, a privately-owned, Houston-based real estate investment firm, purchased an interest in the GreenStreet development, which was known as Houston Pavilions when it opened about seven years ago. GreenStreet, which has entertainment venues, restaurants ... Read More »

Thor Equities Starting $125 Million Mixed-Use Project on Houston’s Kirby Drive

HOUSTON – Thor Equities will start construction next month on the Kirby Collection, a 1 million-square-foot mixed-use project on Kirby Drive in Houston’s Inner Loop. The $125 million project will deliver a 25-story residential tower with 200 apartments, 210,000 square feet of office and 65,000 square feet of retail space with completion expected in late 2017. The site is on ... Read More »

Construction Cranes: Houston’s Endangered Species? The Q&A with Michael Scheurich of Arch-Con Corp.

With its continued dependency on the energy sector, Houston has been greatly affected by the downturn in the oil and gas industry. No where is this more evident than in the cranes that dot the Houston landscape. To gauge the health of the construction sector, Realty News Report talked with Michael G. Scheurich, President & CEO of Houston-based Arch-Con Corporation, a Texas-based general contractor ... Read More »

Oil and The State of the Houston Office Market: The Q&A with Kevin Roberts of Transwestern

Beginning with Allen Brothers who founded the city,  Houstonians have been an optimistic bunch.  In recent years, since the end of the Great Recession, energy and real estate entrepreneurs exuded boundless optimism about Houston – and with good reason. With the price of a barrel of West Texas Intermediate crude rising to triple digits, the sky seemed to be the ... Read More »

Redeveloped Midtown Office Building Hits the Market

 HOUSTON – Transwestern has been retained by Claremont Property Co. to lease Central Square Plaza, a Midtown office building undergoing a major redevelopment. The property, 2100 Travis St., occupies the entire city block bordered by Travis, Milam, Gray and Webster streets in the Midtown submarket, just south of downtown Houston. “The Midtown submarket is currently experiencing robust development activity, including ... Read More »

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 »

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