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Category Archives: Office

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 »

Hines Partnership Buys Southern Calif. Office

NEWPORT BEACH, Calif. – Hines, the Houston-based real estate firm, along with a subsidiary of a fund managed by Oaktree Capital Management, has acquired 4000 MacArthur, a Class A office project consisting of two, ten-story buildings totaling 375,000 square feet in Newport Beach, California. Situated within the 179-acre Koll Center Newport at the intersection of MacArthur Boulevard and Jamboree Road, ... Read More »

Downtown Tower Sold

HOUSTON – The 1301 Fannin building, a 784,000-square-foot downtown tower with data center space and Class A office space has been sold to Netrality Properties. The seller was Houston-based Griffin Partners and CenterSquare Investment Management, a Pennsylvania-based investment boutique of BNY Mellon. Griffin Partners redeveloped the 24-story tower a few years ago. Lee & Associates will lease the building. Griffin ... Read More »

Hines Buys Office Project in Washington State

BELLEVUE, Wash. – Hines, the Houston-based real estate firm, acquired Civica Office Commons, a 323,562-square-foot Class A office project in Bellevue, Washington. Developed in 2001, Civica consists of a two-building portfolio connected by a common atrium. The buildings are six and eight stories with a total of 323,562 square feet of office space. “The Bellevue submarket continues to be the ... Read More »

Gaedeke Planning Office Tower Near Toyota Project in Dallas

DALLAS – Gaedeke Group LLC has acquired an 11-acre tract where it plans to develop a multi-tenant office project. The site is across the street from Toyota Corp.’s $350 million North American headquarters campus in the Legacy West development. The development site was purchased in an off-market transaction with SWC Tollway & 121 LLC. Glenn S. Lickstein, president of Dallas-based ... Read More »

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 »

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