Sunday , 19 April 2015
Breaking News

New Kind of Starbucks to be Unveiled in Hilton Americas – Serving Beer/Wine

HOUSTON – The 1,200-room Hilton Americas-Houston is opening a gigantic Starbucks that will one of the first Starbucks to offer the new “Starbucks Evening” service with alcoholic beverages. After 4 p.m., wine, beer, appetizer-type food and desserts will be sold at the downtown hotel coffee shop, which is adjacent to the George R. Brown Convention Center. The 4,000-square-foot Starbucks will ... Read More »

Hines/Oaktree JV Buys 1 Million SF of Office Space in Calif.

SAN BERNARDINO, Calif. – A joint venture of Houston-based Hines and a fund managed by Oaktree Capital Management has acquired Tri-City Corporate Centre, a portfolio of office buildings in San Bernardino, CA. The portfolio is comprised of 17 Class A and B office buildings totaling 1,055,596 square feet across the 153-acre campus. The portfolio is currently 61 percent leased to ... Read More »

CenterPoint Properties Buys 27 Houston Buildings

HOUSTON – Continuing a Houston buying spree, CenterPoint Properties has acquired a 27-building industrial portfolio with 3.6 million square feet of Houston warehouse space. The properties, most of which are rail-served, are located within nine business parks, including West Loop Business Park, Kempwood Industrial Business Park, Northway Park II, Turning Basin Subset, Market Street Industrial Park, Railwood Industrial Park, 1200 ... Read More »

Japanese Builder Acquires 3,400 Acres to be Developed by Newland

AUSTIN – A Japanese builder has acquired the remaining land in master planned communities in Austin, Dallas and Denver – some 3,400 acres from Wheelock Street Capital. The acquired acres will yield more than 4,600 single-family lots and 125 commercial acres. The buyer is North American Sekisui House, a subsidiary of Japanese builder and developer Sekisui House Ltd. The firm ... Read More »

Perot’s Company Hillwood Starts Major Calif. Project

 SAN BERNARDINO, Calif. –  Hillwood Investment Properties, part of the Ross Perot Jr.’s Dallas-based organization, is developing a 1.1 million-square-foot industrial distribution center in San Bernardino, Calif. HFF worked on behalf of Hillwood Investment Properties to secure the three-year, floating-rate loan through PCCP, LLC. The proposed distribution center is known as Gateway South Building 3 and will be part of Hillwood’s ... Read More »

German Investor Finalizes Its Purchase of 1000 Main Tower in Houston for $440M

HOUSTON – Germany-based Union Investment announced it has finalized the purchase of the 36-story 1000 Main office tower in downtown Houston for approximately $440 million or about $525 per square foot, in one of the biggest Houston realty deals ever. “We are delighted to add this well positioned property with strong prospects for stable long-term income and rent growth to ... Read More »

ComCapp Buys Apartment Complex Near University of Houston

HOUSTON — Commerce Capital Partners, a San Antonio-based firm also known as ComCapp, has purchased Cityside Crossing, a 360-unit multi-housing community in southeast Houston, near the University of Houston main campus. HFF worked on behalf of ComCapp to secure the 12-year, fixed-rate Fannie Mae loan through M&T Realty Capital Corp.  Proceeds from the securitized loan were used to acquire the ... Read More »

Gracepoint Building 188-Acre Community North of Houston

MAGNOLIA, Texas – Gracepoint Homes has broken ground on its newest community, Stillwater, a 188-acre development near Interstate 45 just south of FM 1488 in Conroe. The community will feature an array of housing choices, with 55-foot, 65-foot and 80-foot properties. There also will be a gated section of 100-foot custom homesites. Gracepoint Homes will be the exclusive builder in ... Read More »

Transwestern’s Ridge Group Developing Industrial Park in Fort Worth

FORT WORTH – Ridge Development, the industrial development division of Transwestern Development has announced plans to construct a two-building industrial park on 47 acres in north Fort Worth. The Railhead Industrial Park development is owned by a joint venture between Ridge Development and LaSalle Investment Management. Expected to break ground in second-quarter 2015, the first structure is a speculative building ... Read More »

Houston Adds 96,700 Jobs, Despite Oil Woes

HOUSTON – Despite the downbeat tone of economy in the oil-rich Lone Star State, Houston continues to put up some impressive jobs growth numbers. The Houston metro area created 96,700 jobs in the 12-month period ending February 28, 2015, according to the Texas Workforce Commission. The Dallas-Fort Worth metro led the state in employment growth, creating 132,400 jobs, San Antonio-New ... Read More »

SEDCO of Saudia Arabia Advances “Shariah Compliant” Buying Spree in Houston

JEDDAH, Saudi Arabia – SEDCO Capital of Saudi Arabia says it has launched a buying program to acquire “a sizable portfolio” of seniors housing in the United States, in accordance with Islamic teachings about Shariah-compliant investing. Recently, SEDCO Capital in partnership with Kensington Realty Advisors of Chicago, acquired a seniors facility – the 207-unit Village at the Woodlands Waterway, just ... Read More »

Mission Buys Property in Energy Corridor

HOUSTON – In an office buy/land assemblage in the Energy Corridor, The Mission Cos. purchased Ashford Place II & III, two low-density office buildings in the Energy Corridor. The low-rise buildings have ample grassy lawns and surface parking, making them ideal for new high-rise construction in the next cycle. The Mission Companies already owns two buildings adjacent to Ashford Place ... Read More »

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