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Category Archives: Texas

CBRE Group Acquires Oklahoma Brokerage

OKLAHOMA CITY – CBRE Group has acquired CBRE/Oklahoma, a commercial real estate services firm that has served as CBRE’s affiliate in Oklahoma City and Tulsa, Oklahoma, and in northwest Arkansas since 1999. CBRE | Oklahoma is one of the region’s leading providers of leasing, investment sales, property management and corporate services. The firm, led by co-founder Tom O’Brien and senior ... Read More »

11,000-Acre Tract Sold in One of Houston’s Biggest Land Deals Ever

HOUSTON –  Cedar Crossing, a 10,897-acre industrial park near Baytown, has been sold to TGS Cedar Port Partners in one of the largest land sales in Houston’s history. Cedar Crossing is considered the fifth largest industrial park in the world and it is equal to three-fourths that of New York’s Manhattan Island, according to the Cushman & Wakefield realty firm, ... Read More »

Avera Developing Distribution Center in Dallas

DALLAS – Avera, a commercial real estate development, construction and investment firm, has announced the development of an institutional quality distribution center in Dallas. The 345,150 square-foot project will be situated on 18.8 acres, at the northwest corner of State Highway 161 (George Bush Tollway) and January Lane. Avera, a Houston-based firm led by Trey Odom, reported: “The development is centrally located ... Read More »

James Avery Jewelry Building Factory, Hiring 360 in Kerrville, Texas

KERRVILLE, Texas—James Avery, a family-owned jewelry retailer, announces plans to build a 53,600 square foot production facility on 30 acres just across from the Kerrville Municipal Airport on Highway 27 in Kerrville, Texas. The new facility is scheduled to be completed in the summer of 2016. Kerrville is located northwest of San Antonio in the Texas Hill Country. The company ... Read More »

Two Houston Hotels Part of $107 Million Purchase

PALM BEACH, Fla. – Chatham Lodging Trust a hotel real estate investment trust, has acquired four hotels, including two Marriott-related properties in Houston’s Inner Loop, for $107 million. The four hotels, purchased for $186,000 per room, are: •   179-room Hilton Garden Inn Burlington, Mass. •   176-room Courtyard by Marriott Dallas in Addison, Texas. •   120-room Residence Inn by Marriott West University, at 2939 ... Read More »

All-Cash Home Buyers: Houston, San Antonio Lead Nation in Gainers

HOUSTON – If cash isn’t king in Texas home buying, then it’s at least the Crown Prince of the Texas home market. According to a third quarter study by RealtyTrac, all-cash home purchases accounted for 32.4 percent of Texas home sales compared to 21.5 percent a year ago. Houston led the nation, followed by San Antonio, as the nation’s biggest ... Read More »

Edens Agrees to Buy AmREIT for $763 Million

HOUSTON — Edens Investment Trust has agreed to acquire AmREIT Inc., a Houston-based real estate development firm for $763 million. AmREIT controls a number of significant retail centers and mixed-use projects including the Uptown Park, a Houston center that is undergoing a major redevelopment and high-rise densification. Edens will pay $26.55 per share in an all-cash transaction for AmREIT’s shares, ... Read More »

Texas A&M’s Dotzour: Labor Shortage Keeping a Lid on Texas Construction Boom

HOUSTON – A lack of construction labor is restraining the Texas housing market, says Dr. Mark Dotzour, chief economist for the Texas A&M Real Estate Center. “We have a major labor shortage in the construction industry across the state,” Dotzour said in a speech to the Entrepreneurs Organization Thursday evening. The inventory of homes for sale is exceptionally tight in ... Read More »

Austin Group Acquires Office Properties in Fort Worth

FORT WORTH –  Pennybacker Capital of Austin purchased the Summit Office Park, a two-building, 242,482-square-foot office complex in Fort Worth. HFF marketed the property on behalf of the seller, Prescott Group.  Pennybacker Capital purchased the asset and HFF assisted in securing acquisition financing on behalf of the buyer.  The seven-year loan was provided by ViewPoint Bank. Summit Office Park is located ... Read More »

CapRidge Partners Snags Austin Office Complex

AUSTIN – CapRidge Partners purchased Caynon at Wild Basin from Boston-based Intercontinental Real Estate Corporation. Mesa West Capital provided CapRidge with the $12.6 million financing for the acquisition and lease up of the 74,580-square-foot office complex.  The three-story building is 81 percent leased. Canyon at Wild Basin is located at 115 Wild Basin Road along Loop 360. According to CBRE, ... Read More »

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