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Hines, Institutional Partner Buy Atlanta Project for $195M

ATLANTA -– Hines, the Houston-based real estate firm, on behalf of an institutional investor, closed on the acquisition of Town Center at Atlantic Station retail center in the Midtown area of Atlanta. The 586,000-square-foot Town Center anchors a mixed-use development, situated on the former Atlantic Steel site, which also includes three Class A office towers, several multifamily communities, a full-service ... Read More »

CBRE Report: Dallas Unscathed by Oil Collapse

DALLAS – After a year of sliding and volatile oil prices, the commercial real estate fallout in energy markets is mixed across North America and by property type, but fears about widespread adverse impacts have not been realized, according to a new report from CBRE Group, Inc. The impact in Dallas/Ft. Worth has been minimal, as commercial real estate fundamentals ... Read More »

Insite Realty and Urban Cos. Start Office Building in West Houston

HOUSTON – Insite Realty and Urban Cos. have started construction on an office building west of Houston, not far from the Energy Corridor, where office vacancy has been rising. The 124,000 square-foot project will be ready for occupancy in March 2016. The building is Phase II of Grandway West office development near the Grand Parkway. Transwestern paved the way for ... Read More »

Midway Announces New Office Tower Next to Houston’s First Baptist Church

HOUSTON  – Midway,  a Houston-based developer has begun pre-leasing One Parkside, a speculative office project on a prime, 3.86-acre site adjacent to Houston’s First Baptist Church, near two of Houston’s main freeways. One Parkside, a 13-story tower with 225,000 square feet of Class-A office space, 10 floors of integrated garage parking and 2,000 square feet of ground floor retail, allocated to a café, ... Read More »

Houston REIT Buys North Texas Retail Center

KELLER, Texas – Houston-based Whitestone REIT acquired Keller Place, a retail project in the Dallas/Fort Worth area for $14.3 million. The 93,541 square-foot Kroger-anchored retail center is 92 percent leased. As part of the deal Whitestone obtained two developable land parcels with expansion potential of approximately 30,000 leasable square feet. “Keller Place meets our service-oriented, community centered property criteria. We are ... Read More »

Building Sold in Austin’s Parmer Park

AUSTIN – Casa Marco bought the Parmer 6.2, a 292,000-square-foot office / flex building in the Parmer Technology and Office Park in Austin. The 400-acre Parmer technology and office park is being developed by Los Angeles-based Karlin Real Estate and Dallas-based Trammell Crow Co. Karlin acquired the building from Dell in 2012 when the computer maker moved to consolidate its operations to ... Read More »

New Office Building for Pearland Town Center Near Houston

PEARLAND, Texas – CBL Properties, a REIT based in Tennessee, is developing a 60,000-square-foot office building in Pearland Town Center, a large mixed-used project just south of Houston. The existing office space in the project is 96 percent leased and rents are strong, reports broker Lilly Golden of Evergreen Commercial Realty. Pearland Town Center had the misfortune of opening in ... Read More »

CBRE Names Research Leadership

HOUSTON — Robert C. Kramp has been named Director of Research & Analysis and Research Operations Manager for CBRE’s Texas/Oklahoma region. Kramp, based in CBRE’s Houston office, most recently served as a Senior Vice President and National Director with JLL’s Americas Research team, supporting occupier and investment brokerage teams in the Midwest and Great Lakes region. He also spent four ... Read More »

Logistics Firm Buys Warehouse on U.S./Mexico Border

MCALLEN, Texas – CBRE announced the sale of McAllen Distribution Center I, a vacant 210,140-square-foot industrial warehouse in McAllen, a city near the Mexico border. McAllen-based Ci Logistics Group purchased the asset from Los Angeles, Calif.-based 6800 International Ltd for an undisclosed price. Ci Logistics, an integrated logistics services firm that services the U.S./Mexico border, will occupy approximately half of ... Read More »

MetroNational Developing Office Project on North Side of Katy Freeway in Houston

HOUSTON – MetroNational is developing an office building on the north side of the Katy Freeway, representing a northward expansion of its 265-acre Memorial City mixed-use development. The 240,000-square-foot office building will house the U.S. headquarters of Cemex, a Mexico-based cement and building materials company. The six-story office building will be situated on MetroNational’s 18-acre tract located at the northwest ... Read More »

Electro Tech Industries Buys Industrial Building

HOUSTON –NAI Partners represented Electro Tech Industries in the acquisition of 115,000 square-foot industrial building located at 303 West Little York in Houston. Founded in 2000, Electro-Tech Industries offers custom design, manufacturing, testing, and field service for electrical power distribution equipment and systems. According to Chris Caudill, with NAI Partners, who represented Electro-Tech Industries in the negotiations, “with this acquisition, ETI has more than ... Read More »

World’s Most Expensive Office Markets: London No. 1; Hong Kong No. 2 and Houston No. 47

London office buildings have the highest office rents/occupancy costs in the world, while Hong Kong is second according to a new study by CBRE Group The Downtown Houston office market ranks No. 47 in rent/occupancy costs, the CBRE study reported. It is the highest priced office market in Texas. Markets with the fastest growing office space occupancy costs are Dublin, ... Read More »

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