Friday , 28 November 2014
Breaking News

Two Houston Hotels Part of $107 Million Purchase

PALM BEACH, Fla. – Chatham Lodging Trust a hotel real estate investment trust, has acquired four hotels, including two Marriott-related properties in Houston’s Inner Loop, for $107 million. The four hotels, purchased for $186,000 per room, are: •   179-room Hilton Garden Inn Burlington, Mass. •   176-room Courtyard by Marriott Dallas in Addison, Texas. •   120-room Residence Inn by Marriott West University, at 2939 ... Read More »

Stream Partnership Buys 600 Jefferson Tower in Downtown Houston

HOUSTON – A partnership of Stream Realty Partners and DRA Advisors has purchased the 20-story 600 Jefferson office tower in downtown Houston. The 450,000-square-foot building, purchased from Brookfield Office Properties for an undisclosed price, will be upgraded with renovations to push the Class B building toward Class A status. United Airlines is the anchor tenant in the building, which is ... Read More »

Camden Planning a Pair of High-Rise Towers in Downtown Houston

HOUSTON – Camden Property Trust, a Houston-based REIT led by Ric Campo, is planning two high-rise residential towers in downtown Houston. The apartment towers will be built near the Toyota Center on two blocks bounded by Austin, La Branch, Pease and Bell. Camden is planning to construct a pair of 20-story buildings, each containing 550 units. The first building is ... Read More »

RNR Apartment News From Around the Nation

DALLAS — Alliance Residential Company closed on 7.5 acres of land at 835 South Goof Latimer Expressway with plans to develop a 340-unit urban apartment community. Lew Wood and Andrew Doster with Henry S. Miller, co-brokering with Jim DePetris, represented Alliance. The land was purchased from Sagenite Dallas Company who was represented by Dallas-based Madison Realty Investors. SCOTTSDALE— Bascom Arizona ... Read More »

Transwestern: Houston’s Office Building Construction Boom Will Require a Little Digestion

HOUSTON – Houston is leading the nation in office building construction, with 17 million square feet being developed, and the market’s office vacancy rate will be rising accordingly as the space delivers in 2015, according to real estate researcher Sandy Paul of Delta Associates. Paul told 600 in attendance at Transwestern’s TrendLines forecast event in Houston Thursday evening that Houston’s ... Read More »

Transwestern’s Headquarters Building in Houston is For Sale; Expected to Fetch More than $100 Million

HOUSTON – The headquarters building of Houston-based Transwestern, one of the largest commercial real estate firms in the nation, is being marketed for sale. The 21-story office tower is located at 1900 West Loop South at San Felipe Street in the Uptown area of Houston. The HFF company has been retained to market the 408,862 square foot building to investors ... Read More »

DATELINE HOUSTON: Oil Prices and Real Estate

HOUSTON – Texas real estate will be unscathed by the significant decline in oil prices this fall, although the topic is getting a lot of buzz in Houston, known as the “Energy Capital of the World.” Oil prices are a sensitive topic here. Houston was the place where the battle cry of the business community once was “$90 in ‘90” ... Read More »

Strongest October in Houston Real Estate History for Existing Homes Sales

HOUSTON – Houston residential realty had its best October ever as 6,639 single-family homes sold in October, the strongest October on record and a 12 percent over last October, according to the Houston Association of Realtors. The Houston housing inventory remains very tight, as home builders have been late to respond to a surge in demand. With the “shale revolution” ... Read More »

Lionstone and Hermes Form $250 Million Fund for U.S. Office Purchases

  HOUSTON — Lionstone Investments, a Houston-based real estate investment company has partnered with Hermes Real Estate, one of the largest real estate investors in the UK with over £6.6 billion of assets under management, to launch a new real estate investment program, capitalized with an initial $250 million of equity commitments. Lionstone-Hermes Real Estate Venture will invest primarily in office ... Read More »

Two Valencia Hotels Planned for College Station Mixed-Use Project

COLLEGE STATION – Midway Cos. has broken ground on a 60-acre mixed-use development with two hotels, office space, apartments, retail outlets and restaurants. The project, called Century Square, will be located across the street from the Texas A&M University campus in College Station. Century Square will have two full service hotels, The George (160-rooms) and Cavalry Court (140-rooms), developed in ... Read More »

Scroll To Top