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Montrose Mixed-Use Project Slated for January Construction Start

HOUSTON –  SFT Investments is developing Fairview District, a mixed-use project in the Montrose area in the Inner Loop of Houston. Construction is slated to begin January 2017. Fairview District  will be comprised of four buildings, offering boutique office, restaurant and retail space, as well as a five-story parking garage.  The project, located near the intersection of Fairview and Genesee ... Read More »

NGKF: Angelo Gordon Buys CH2M Headquarters for $122 Million

ENGLEWOOD, Colo. – NGKF Capital Markets has completed the $122 million sale of the CH2M global headquarters, a 370,485-square-foot, three-building office campus in Englewood, Colo. The property is 100 percent leased on a long-term basis to CH2M Hill Inc., one of the world’s leading engineering and construction firms. Kevin Shannon, Ken White, and Laura Stumm of NGKF Capital Markets in ... Read More »

NAI Partners to Lease Tenaris Building

HOUSTON – Tenaris Global Services USA Corporation has selected NAI Partners to lease its office building at 2200 West Loop South. 2200 West Loop South, a 196,217 sf, 10 story – Class A office building is conveniently located within the West Loop/Galleria Submarket of Houston. Originally designed by Skidmore, Owings, and Merrill; the building was developed in 1974 and underwent a ... Read More »

UH Buys Former Olajuwon Tract in Downtown

HOUSTON – A 17-acre downtown tract once owned by basketball star Hakeem Olajuwon has been sold to the University of Houston system for expansion of its downtown campus, the Houston Chronicle reports. The university purchased the tract, for about $13 million, from Wellington Fisher, a group led by Rocky Stevens, which bought the site from Olajuwon a few years ago. ... Read More »

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 »

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