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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 »

Dallas Homebuilding Explodes with First Quarter Growth

DALLAS – Housing starts rose sharply in the first quarter in the Dallas-Fort Worth area, which is the most robust home construction market in the nation. First quarter 2016 housing starts numbered 7,015, up 39.1 percent from the first quarter of 2015, which was hampered by bad weather, snow and ice, according to Metrostudy, which characterized the D-FW home building ... Read More »

Luxury Housing for Dogs: Cage-Free Kennels With Pet Bakeries and the Occasional Private Party

(By Dale King) HOUSTON – The reality of dog kennels and pet care facilities has changed during the past couple of decades, even though the widely accepted image of canines being kept in cinderblock cages that exit into chain link-fenced dog runs hasn’t. Many modern-day canine care centers across the nation look more like ranches or resorts than kennels, offering ... Read More »

Bull Run in Nation’s Apartment Market; But Texas Multifamily Firms Not High on the Leader Board

(By Dale King)  – Record high demand for rental units nationwide continues to fuel hot apartment industry growth. But the response in Texas is generally unremarkable, as evidenced in the National Multifamily Housing Council’s (NMHC) newly released 2016 NMHC 50, a ranking of the country’s largest apartment owners, managers, developers and contractors. The list shows that many of the nation’s ... Read More »

Opening Day: Martin Fein Completes Triple Play Multifamily Project

HOUSTON ‐ Martin Fein Interests, Ltd, has completed The Communities at Willowick Park, three individual multi‐family developments surrounding a one-acre urban park inside Houston’s 610 Loop at West Alabama and Las Palmas Streets. Fein, a Houston-based multifamily firm, said Willowick Park’s three distinct multifamily buildings each target a unique segment of the rental market in the Upper Kirby/Greenway Plaza area. ... Read More »

Granite Developing Office Building for Fannie Mae in Plano

PLANO, Texas – Granite Properties is developing a 10-story, 330,000 SF office building in Plano for the regional headquarters of the Fannie Mae, the government-sponsored mortgage firm. The project, located near Dallas North Tollway and State Highway 121 in Granite Park, will break ground this summer and open in late 2017, reports Steve Brown of the Dallas Morning News. The ... Read More »

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