Monday , 24 July 2017
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Hotel Investors Making Plays in San Antonio’s Hot Hotel Market

SAN ANTONIO – The San Antonio hotel market is demonstrating strong fundamentals that are attracting investors. “With Houston’s market still in decline, and the Austin and Dallas-Fort Worth markets flattening out due to large hotel room supply increase, San Antonio is becoming a more attractive destination in Texas for hotel investors. A very small new hotel room supply pipeline and ... Read More »

Transwestern Completes 23 MOD Pizza Leases

HOUSTON – Transwestern represented MOD Pizza in leasing six additional restaurant spaces in the Houston area. The new outlets will give MOD Pizza 23 locations in Greater Houston. Transwestern Senior Vice President Grant Walker and Vice President Chris Reyes serve as exclusive advisors for MOD Pizza in the Houston market and represented the fast-casual restaurant in the transactions. To date, ... Read More »

June 2017: The Best Month for Home Sales in the History of Houston Real Estate

HOUSTON – Home sales hit a record high in June as 8,414 single-family homes were sold, the highest monthly sales total ever recorded in Houston, the Houston Association of Realtors reported. “June proved to be another phenomenal month for the Houston real estate market with buyers and renters sending volume and pricing into record territory,” said HAR Chair Cindy Hamann. ... Read More »

Houston Office Occupancy Hits Lowest Point Since 1999, NAI Reports

HOUSTON – The overall Houston office occupancy rate has dipped to its lowest point in more than 18 years, according to the NAI Partners commercial real estate firm. The woes of Houston’s office market stem from the retraction in the energy industry. Houston’s overall office slipped to 79.5 percent in the second quarter of 2017, the lowest point since NAI ... Read More »

“Outstanding Building of the Year” – One Shell Plaza Wins International BOMA Award

HOUSTON – One Shell Plaza, the first downtown skyscraper developed by Gerald D. Hines, has been awarded an International TOBY (The Outstanding Building of the Year) Award at the 2017 Building Owners and Managers Association (BOMA) International Conference & Expo in Nashville, Tenn. The 50-story tower, which is owned by Busycon Properties LLC, won in the “Renovated” category. The building, ... Read More »

$10 Million Renovation Set for Museum Medical Tower

HOUSTON – The Museum Medical Tower, near Houston’s Hermann Park, is undergoing a $10 million renovation. The 177,476-SF medical office tower is on the north side of the Texas Medical Center at 1213 Hermann Drive, near Park Plaza Hospital and the Museum District. HCP Inc., the building owner, engaged Cassetty Architecture of Hendersonville, Tenn. to design the renovation. HCP owns ... Read More »

“Outstanding Building of the Year” – Hess Tower in Houston Wins International BOMA Award

HOUSTON – The Hess Tower in downtown Houston was a recipient of the International TOBY (The Outstanding Building of the Year) Award at the 2017 Building Owners and Managers Association (BOMA) International Conference & Expo in Nashville, Tenn. CBRE manages the Hess Tower, which won in the BOMA “Corporate Facility” category. The 29-story office building, 1501 McKinney, is located adjacent ... Read More »

Transwestern Opens Office in Nashville

HOUSTON – Transwestern has expanded its operations to Nashville, Tenn. to provide agency leasing, tenant advisory, capital markets and asset services to real estate owners and users in Nashville. It is the thirty-fifth office for Houston-based Transwestern. “Nashville is increasingly a target market for investors that require strategic real estate advisory services,” said Chip Clarke, Transwestern’s President Americas. “With the ... Read More »

Virginia Investment Firm Buys West Loop Tower for $52 Million

HOUSTON – Lingerfelt CommonWealth Partners, LLC, a Richmond, Va.-based commercial real estate investment firm, has acquired the 1700 West Loop – Burns & McDonnell Plaza office tower in Houston for $52 million. The 14-story, 273,000-SF office building is 81 percent leased with Burns & McDonnell, a Kansas City-based engineering, architectural and consulting firm, as the anchor tenant. Avison Young will ... Read More »

Avison Young to Handle Leasing at Tenaris Building on Houston’s West Loop

HOUSTON – The Avison Young, the commercial real estate services firm, has been named the exclusive leasing agent for the 2200 West Loop South office building, near the Galleria in Houston. Avison Young Principals Sam Hansen and Doug Pack, who will lead the leasing team, were granted the assignment by the building’s owner Tenaris, a global manufacturer and supplier of ... Read More »

AmazonFresh to Secure Warehouse Space for Houston Grocery Delivery

HOUSTON – AmazonFresh is preparing to locate a grocery logistics operation in Houston warehouse space as it gears up for a major foray into grocery delivery in Space City. The e-commerce giant is expected to occupy more than 100,000 SF of warehouse space in the Fallbrook Pines Business Park near the intersection of Beltway 8 and Highway 249 in northwest ... Read More »

Clay Breaks Ground on Spec Warehouse Project in Pasadena

PASADENA, Texas – Clay Development & Construction Inc. has begun construction on Energy Commerce Phase II, a two-building, 334,360-SF warehouse/distribution project in Pasadena on the east side of Houston. The spec project is slated for completion in the first quarter of 2018. “The Port of Houston area is thriving with dramatic expansion in Gulf Coast refinery output, exports of crude ... Read More »

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