Sunday , 21 December 2014
Breaking News

MIG Buys 256-unit Heights Apartments from Wood Partners

HOUSTON – MIG Real Estate, a Newport Beach, California-based real estate investment company, has acquired Alta Heights, a 256-unit apartment community in The Heights community in Houston. Alta Heights is located at 145 Heights Boulevard, just north of Washington Avenue, about three miles from Downtown Houston. The project, which was completed about a year ago, was developed by Wood Partners ... Read More »

Hines Buys Former Intel Building in Guadalajara

GUADALAJARA, Mexico – Hines has acquired Parque Industrial Tecnológico II, a 1,308,321-square-foot industrial property located in Guadalajara, Jalisco, Mexico. Hines developed Parque Industrial Tecnológico II and sold it to Union Investment in 2007.  Cushman and Wakefield represented Union Investment in this operation and Savills represented Hines. Parque Industrial Tecnológico II is located at the corner of Anillo Periferico and Avenida ... Read More »

Rockspring Invests in 157-acre Tract

HOUSTON – Rockspring Capital, a privately-owned real estate investment firm based in Houston, has acquired a 157-acre site in the Houston submarket of Katy. The tract, suited for single-family residential, is located off of Katy Hockley road, just north of FM 529. This property is adjacent to the 2,705-acre Newland Communities site and is within the Katy Independent School District, which ... Read More »

Rosemont Realty Buys Office Building in Houston’s Energy Corridor

HOUSTON – Rosemont Realty, LLC, a leading commercial real based in Santa Fe, N.M., has acquired Kirkwood Tower in Houston’ Energy Corridor. The acquisition of the 15-story tower adds 285,682 rentable square feet of Class A office space to Rosemont Realty’s portfolio. It brings the company’s total square footage in the greater Houston area to nearly 2.5 million square feet, ... Read More »

CBRE Announces New Branding

LOS ANGELES– CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, has announced the launch of its new global brand positioning – transforming real estate into real advantage – along with a platform to express the positioning inside and outside the company, Build on Advantage. “With our new positioning, we have created an organizing principle for the brand that supports our ... Read More »

Dave Liniger Back as CEO of Re/Max, Ms. Kelly Stepping Down

DENVER – Dave Liniger, Chairman of the Board and Co-Founder, has returned to the position of CEO of Re/Max Holdings, a massive international realty firm. Liniger will replace Margaret Kelly, who has decided to retire from her position as Chief Executive Officer (CEO) and resign from the Board of Directors. Re/MAX was founded in 1973 by Dave and Gail Liniger, ... Read More »

Layoffs to Hit Houston Energy Industry as the City Braces for a Fall from Job-Growth Leadership Position

HOUSTON – Layoffs will hit Houston’s energy industry in 2015 as lower oil prices dampen the economy in Houston, which is known as the Energy Capital of the World, according to the Greater Houston Partnership. West Texas Intermediate broke below $60 a barrel Thursday, closing at $59.95, the lowest level since 2009. In June, the price was above $100 a ... Read More »

Oil Price Crash Will Cause a 10 to 12 Percent Drop in Home Sales in 2015, Houston Association of Realtors Says

HOUSTON – Houston Association of Realtors is predicting a 10 to 12 percent decline in home sales in 2015 because falling oil prices will hurt the local housing market. Falling oil prices could reduce job creation in Houston next year to only 65,000 new jobs – almost half of the 120,000 new jobs Houston gained in 2014, the Realtors association ... Read More »

900-Unit Portfolio of Houston Apartments Sold

HOUSTON – A 900-unit portfolio of four apartment projects in Houston has been sold. Southwest Multifamily Partners, a commingled fund jointly led by Los Angeles-based CityView and Dallas-based Lincoln Property Co. purchased the portfolio in a joint venture with an institutional co-investment partner. The portfolio, located in the Texas Medical Center and Galleria submarkets, is 95 percent leased overall and ... Read More »

AEW/Hines Building Industrial Building at Recently Acquired Business Park Near Dallas Airport

DALLAS – Hines, the Houston-based real estate firm, in conjunction with AEW Capital Management, announced the acquisition of Parc 114, a 52-acre master planned business park in Irving, near Dallas. Parc 114 is comprised of six industrial buildings totaling 404,777 square feet. The business park also has an additional 18.5 acres of development land that can accommodate 191,262 square feet. ... Read More »

Scroll To Top