Wednesday , 22 October 2014
Breaking News

Cousins Starts $44 Million Office Development in Austin

AUSTIN – Cousins Properties Inc.  plans to commence construction on Research Park V, a $44 million project in northwest  Austin. The 173,000 square-foot office development is the last building in a five-building complex which Cousins has developed. “We have a long, successful history in Austin and are very excited about the opportunity to bring new Class-A product to the rapidly tightening ... Read More »

Austin Group Acquires Office Properties in Fort Worth

FORT WORTH –  Pennybacker Capital of Austin purchased the Summit Office Park, a two-building, 242,482-square-foot office complex in Fort Worth. HFF marketed the property on behalf of the seller, Prescott Group.  Pennybacker Capital purchased the asset and HFF assisted in securing acquisition financing on behalf of the buyer.  The seven-year loan was provided by ViewPoint Bank. Summit Office Park is located ... Read More »

Memorial Hermann Spending $533 Million to Build 1 Million SF in Houston’s Texas Medical Center

HOUSTON — Memorial Hermann Healthcare System is launching a $533 million expansion that will add a major hospital tower and 160 additional hospital beds to its facility in the Texas Medical Center campus in the Inner Loop of Houston. The master plan project includes construction of the Hermann Pavilion 2, a 17-story hospital that will provide the Texas Medical Center ... Read More »

Hotel Under Construction in Hughes Landing in The Woodlands

THE WOODLANDS, Texas – The Woodlands Development Co. has begun construction on a 205-key Embassy Suites Hotel at Hughes Landing, a 66-acre mixed-use development in The Woodlands north of Houston Hughes Landing is a waterfront development with retailers, dining, entertainment, multifamily residences and several new Class A office space. The first multifamily development in Hughes Landing, One Lake’s Edge, will feature 390 luxury ... Read More »

Signorelli, Transwestern Announce Office Park

HOUSTON – Transwestern has been selected as the exclusive leasing agent for Valley Ranch Commerce District, a new office park development that will be located at the intersection of the Grand Parkway and Highway 59, immediately north of Kingwood, Texas. Single- and multi-tenant opportunities are available in the 70-acre, master-planned office park, with plans for up to a total of ... Read More »

Energy Economics: Retail Center in Red Hot Eagle Ford Shale is For Sale

Kenedy, Texas – CBRE Capital Markets’ Investment Properties is marketing for sale a retail center in the Eagle Ford Shale, one of the most dynamic energy exploration fields in the world. With the emergence of fracking, the Eagle Shale south of San Antonio has become a hotbed of drilling activity. Hotels and rental housing remain fully occupied and unemployment is exceptionally low. ... Read More »

90,000 Homes Sold in Houston – Strongest 12 Months Ever

HOUSTON – Single-family homes are selling at a record pace in Houston. Not only did sales hit the highest total ever for a September, but the yearly totals are record-setting as well. Over the last 12 months, ending Sept. 30, a total of 90,124 homes were sold in the Houston area, a 4.4 percent increase over the comparable period of ... Read More »

Coats Rose Law Firm Leases Space in Greenway Plaza

Houston —The Coats Rose law firm, which handled the noteworthy acquisition of the land for the 385-acre Exxon Mobil campus north of Houston, has relocated its offices. Coats Rose moved to 9 Greenway Plaza from 3 Greenway Plaza and will operate on the 10th and 11th floors. The firm’s Clear Lake area office joined the new, expanded location, which measures ... Read More »

The ‘Second Energy Corridor’ – CBRE Re-drawing Its Maps to Account for Massive Growth in North Houston

HOUSTON – CBRE, one of the world’s largest commercial real estate firms, is re-drawing its research maps to account for Houston’s “Second Energy Corridor.” The Second Energy Corridor is developing on the north side of Houston where Exxon Mobil is constructing 20 buildings totaling 3 million sf. Exxon Mobil’s campus, which already has a few buildings operating, is believed to ... Read More »

Cushman & Wakefield: Global Investors Now Liking Dallas, Dublin, Dubai – and Houston

MUNICH – New York attracted the most commercial real estate investment during the last year as the global real estate investment market saw volumes increase by 17.2% to $788 billion, according to Cushman & Wakefield’s annual ‘Winning in Growth Cities’ report launched today at EXPO REAL in Munich, Germany. While a number of cities still dominate, activity is spreading to ... Read More »

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