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Category Archives: Office

Equus Buys Two Houston Office Buildings from Parkway Properties

  HOUSTON – An affiliate of Equus Capital Partners has acquired two Houston office buildings, totaling 302,000 SF. 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 area, plans to ... 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 »

Quintana Minerals Relocating to 1415 Louisiana Building

HOUSTON – Quintana Minerals Corp. has leased 17,465 square feet of office space at 1415 Louisiana, a 43-story office tower located in downtown Houston. The 520,000-sf building is under going extensive renovations, which will be complete in March 2016. Quintana is relocating from 601 Jefferson. Connor Saxe of Colvill Office Properties and Richard Barbles (now with Stream Realty) represented the property’s ... Read More »

Q&A with Transwestern’s Chip Clarke: Making The Right Moves for 2016

It’s no secret that Houston has been adversely affected by the dramatic drop in the price of a barrel of oil.  Where will energy prices go?  How has it affected real estate?  What other cities in America are doing well?  To find out, Realty News Report talked with Chip Clarke, President Americas, at Transwestern and a 30-year veteran of the ... Read More »

Another Northward Nudge from Exxon: Building Sold in Crosswell’s New Conroe Project

CONROE, Texas – The Dailey Oil Tools building, a 60,000-square-foot office project in a NewQuest Crosswell business/commercial park in Conroe,  has been sold. Houston developer Allen Crosswell of NewQuest Crosswell has developed the 115-acre business/commercial park, called Conroe Waterfront Center, as a move to capitalize on the growth north of Houston near the Exxon Mobil campus. Colliers International handled the ... Read More »

Vinson & Elkins to Anchor New Dallas Project

DALLAS – The Houston-based Vinson & Elkins law firm has leased 80,000 square feet The Union Dallas, a $200 million mixed-used project under development by RED Development. The 800,000 square foot Union project will have a 22-story, 417,000-SF office tower; a residential tower with 309 apartments and retail space with a 60,000 sf Tom Thumb grocery. The project is located ... Read More »

ULI Panel: Building to Meet the Millennials

HOUSTON – Real estate is bending and evolving to be attractive and relevant to the massive millennial generation, according to experts at an Urban Land Institute panel discussion. But while seeking to meet the millennial market, developers need to exercise caution when building new projects today. Being too experimental with millennial-focused trends can make a building unappealing to future tenants, ... Read More »

Niche Office Building Breaks Ground in West Houston

HOUSTON — Arch‐Con Construction has started construction on a two-story office building near the Grand Parkway, west of Houston’s Energy Corridor in the Katy area. Mission Companies is the developer of the office project, called Grand Corners II. This 23,531 square‐foot tilt‐wall office building, 22316 Grand Corner Drive, will be a sister building to The Mission Companies’ existing Entrust Building, ... Read More »

Real Estate History: BBVA Sale Sets New Record Price for Houston Office

HOUSTON – The sale of BBVA Compass Plaza established Houston’s new per-square-foot record high price for an office building sale – over $527 per square foot for the Uptown office building. This topped the previous per square foot record of $524 PSF with the $442.5 million sale of the Hess Tower in downtown Houston. The 22-story, 326,200-square-foot BBVA building, at ... Read More »

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