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Freeway/Park Concept Could Lead to Growth in EaDo Near Downtown Houston

HOUSTON – Freeways can create impenetrable barriers for development. Freeways can serve as effective borders between neighborhoods of mansions and blighted slums. So naturally, altering the freeways can change growth patterns and change cities. It’s a concept being discussed by Houston civic leaders and the Texas Department of Transportation and it could change downtown Houston and the surrounding urban areas. ... Read More »

Q&A with Alan Hassenflu: Redeveloping Exxon’s Brookhollow Campus, Baytown’s San Jacinto Mall and More

While Houston’s office sector remains in the doldrums, multifamily is struggling and has seen better days, retail remains hot.  One of the most active players – if not the most active player — in the Houston retail scene is Alan Hasssenflu. In a short span of time, Hassenflu has become one of the nation’s premier retail real estate developers. His firm, Fidelis ... Read More »

RNR’s Texas Real Estate Briefs

NAI: SPRING BRIDGE PROPERTIES BUYS WAREHOUSE HOUSTON – NAI Partners represented Spring Bridge Properties, LP in the purchase of a 15,000 SF warehouse on 2 acres in Hardy Industrial Center located at 21430 Spring Bridge Drive in Houston Michael Keegan of NAI Partners represented the Buyer, Spring Bridge Properties, LP during the negotiations, while Richard Quarles and Mark Nicholas of ... Read More »

NewcrestImage Developing a Four-Hotel Campus in Frisco Station

FRISCO, Texas – NewcrestImage, a Texas-based hotel firm, is developing an ambitious 4-brand, 600-room “lifestyle hotel campus” with four new hotels at Frisco Station, a 242-acre, mixed-use development located in the Frisco community, near Dallas. The four new hotels will be affiliated with Marriott, Hilton and Hyatt. The hotel campus – near the intersection of Dallas North Tollway and Warren ... Read More »

Fort Worth Real Estate Investor John Goff Readies $4 Billion for CRE Investments

FORT WORTH – Fort Worth Investor John Goff, co-founder of Crescent Real Estate Equities and former owner of Houston’s Greenway Plaza, has established a investment fund that will be used to seed capital for new real estate investments. The fund, known as the GP Invitation Fund I (GPIF), closed after a private, invitation-only campaign raised $200 million. The fund expects ... Read More »

Houston’s Midtown Emerging as Millennial Office Market

HOUSTON – Powers Brown Architecture, in a move that reinforces Midtown’s emergence as a preferred locale for Millennial office space, is relocating from downtown to Midtown. Powers Brown signed an 11,637-square-foot lease at Central Square, which is currently undergoing a  renovation. Transwestern’s David Baker and Evelyn Ward negotiated the deal on behalf of the building owner, Claremont Properties. “The Midtown ... Read More »

Strategic Midtown Property Sold for Redevelopment

HOUSTON – PLC Capital Corp., has acquired the prime Greensheet property at the corner of Main Street and McGowen in the Midtown district, just south of downtown Houston. The site is across the street from the well-known Superblock Midtown Park parcel and the Camden McGowen Metro Rail Station, noted Houston real estate veteran Fred Ghabriel of Bejjani & Associates, which ... Read More »

Skanska CEO: It May Be A While Before Skanska’s Downtown Office Tower Gets Built

NEW ORLEANS – Skanska USA won’t start construction on its proposed Capitol Tower office building until the Houston office market rebounds, says Richard Cavallaro, CEO of Skanska USA. Skanska poured the foundation for the proposed 35-story tower in August  of last year and a multi-level parking garage has been built on the site – a full city block bounded by ... Read More »

CBRE Appoints Top Executives

LOS ANGELES – CBRE Group announced that Mike Lafitte and Cal Frese have been promoted to new positions as Global Group Presidents. These new positions represent the company’s senior-most global operating roles in its real estate services businesses, and report to CBRE President & CEO, Bob Sulentic. Lafitte, who is based in Dallas and previously served as Chief Operating Officer, ... Read More »

Millennial Workspace: Coffee, Bike Racks and Pets

NEW ORLEANS – Today’s workplace strategy not only includes design, technology and change management – but bike racks, spaces for pets, expansive break areas and wellbeing centers. “At the end of the day, coffee is king and people want to be around that coffee shop vibe that helps foster the human connection,” joked Manuel Navarro, senior associate and design director, ... Read More »

D&M Auto Leasing Moves to Southwest Freeway Location

HOUSTON –– D&M Auto Leasing has leased 14,240 square feet in Executive Plaza in Houston 4635 Southwest Freeway in Houston. CBRE First Vice President Kevin Saxe with CBRE in Houston represented D&M Auto Leasing in the market analysis, site selection and lease negotiations with the landlord, EP Office Holdings LP. EP Office Holdings was represented by John Hornbuckle with Cypressbrook ... Read More »

Indianapolis Firm Building Warehouse on Mexican Border

McALLEN, Texas – Pure Development, an Indianapolis-based firm, has started construction on a distribution and light-manufacturing center for Regal-Beloit in the Sharyland Business Park in McAllen. The facility, will be located close to the Anzalduas International Bridge on the Mexican border. Pure expects to complete and deliver the 208,000-SF, institutional-quality facility before the end of 2016. Josh Aguilar CBRE, which ... Read More »

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