Tuesday , 3 March 2015
Breaking News

Hess Tower Receives BOMA Recognition

HOUSTON— Hess Tower in downtown Houston has been designated a BOMA 360 Performance Building by the Building Owners and Managers Association (BOMA) International. The BOMA 360 Performance Program validates and recognizes commercial properties that demonstrate best practices in building operations and management. “The BOMA 360 Performance Program has given us a meaningful way to demonstrate our commitment to excellence, and ... Read More »

Kimco Buys Center in Northwest Houston

HOUSTON – Kimco Realty has purchased the Copperfield Village Shopping Center, a 165,293-square-foot, dual-anchored retail center in northwest Houston. HFF arranged the sale of the property on behalf of the seller, Copperfield Village Investors, L.P. Copperfield Village Shopping Center is situated on 16.43 acres at 7081 State Highway 6 North.  The property’s location in the 2,000-plus-acre Copperfield master-planned community places ... Read More »

Hines REIT Sells Dallas Building to Bradford; Uptown Tower is HQ of Balfour Beatty Construction

DALLAS – A Bradford Commercial Real Estate Services partnership has purchased the Citymark office building in Uptown Dallas from Hines Real Estate Investment Trust. The 11-story tower houses the U.S. headquarters of its largest tenant, Balfour Beatty Construction. CBRE Capital Markets’ Institutional Group represented Hines in the transaction. The office building offers a total of 218,926 rentable square feet and ... Read More »

50 Proposed Multifamily Projects Killed or Postponed in Houston in Wake of Oil Crash

HOUSTON – Developers have shelved plans to build some 50 multifamily projects in Houston, where a sharp drop in oil prices has dampened the local economy, according to Patrick Duffy, president of Colliers International in Houston. “We’ve heard 50 multifamily projects have been cancelled or postponed,” Duffy said in remarks to the CoreNet and IFMA luncheon in Houston. Houston has ... Read More »

Bringing 100 Years of Experience to the Table, Fred Griffin and Ed Wulfe Tackle Downtown Retail Assignment

HOUSTON – Bringing a combined 100 years of real estate development experience to the table, Houston developers Fred Griffin and Ed Wulfe have joined forces with Houston First Corp. to create restaurants and retail space around the George R. Brown Convention Center in downtown. Approximately 30,000 square feet of space will yield as many as seven new retail, restaurant, sidewalk ... Read More »

CBRE: Houston Retail Center Market Hits Record High

HOUSTON – Houston’s retail center market occupancy is at its highest point ever and it’s filling up fast, according to the CBRE Group. Occupancy hit 93.4 percent at the end of the year and many prime retail centers in Houston are running 100 percent occupancy, according to a CBRE Texas Marketflash report issued this week. Leasing is strong and a ... Read More »

CoreNet Panel: Sublease Space Coming to Houston Office Market, Where Spec Projects are Over

HOUSTON – Energy companies are putting sublease space on the market in Houston where an oil price collapse has derailed the expansion plans for a number of firms, according to speakers at a real estate luncheon Tuesday. “There’s a lot of sublease space coming back on the market,” said Patrick Duffy, president of the Colliers International realty firm in Houston. ... Read More »

87-Acre Industrial Park Underway in Waller, Texas

WALLER, Texas – Alegacy Development is developing an 87-acre industrial park near the Waller community, west of Houston. Located near Highway 290, the park will include more than 20 industrial and office buildings totaling 500,000 square feet upon completion. Commercial State Bank recently closed a $17 million commitment to Alegacy Development for the industrial park. With syndication to Community Bank ... Read More »

Hines Partnership Buys Southern Calif. Office

NEWPORT BEACH, Calif. – Hines, the Houston-based real estate firm, along with a subsidiary of a fund managed by Oaktree Capital Management, has acquired 4000 MacArthur, a Class A office project consisting of two, ten-story buildings totaling 375,000 square feet in Newport Beach, California. Situated within the 179-acre Koll Center Newport at the intersection of MacArthur Boulevard and Jamboree Road, ... Read More »

Transwestern Development Starts Mixed-Use Project on Austin’s East Sixth Street

AUSTIN – Transwestern Development Co. is developing a 450,000-square-foot mixed-use project on East Sixth Street in Austin. The project will have 94,500 square feet of office space, 346 apartment units and 9,600 square feet of retail space. Transwestern Development Co. and its partners have broken ground on the two-building project situated on a 4.2-acre site at the intersection of E. ... Read More »

Chase Bank Moving on Two Tracts in Houston

HOUSTON – Chase Bank is offering two prime Houston parcels for sale – in downtown Houston and in the Greenway Plaza area. The marketing effort to sell the land offers opportunities to developers that will include new branch banks and drive-through facilities. The downtown site – bounded by Congress, Milam, Franklin and Louisiana – is a full block in the ... Read More »

What Oil Bust? Houston Home Sales Surge in January

EDITORS NOTE: Houston has a 2.6 months supply of homes for sale, which is near a record low. The energy industry downturn will put pressure on Houston’s housing market this year. But with tight inventory and the creation of 80,000 new jobs, 2015 is going to be another strong year for home sales. There will be no significant drop-off in ... Read More »

Scroll To Top