Sunday , 21 September 2014
Breaking News

Houston Home Sales Have Strongest August Ever

HOUSTON – The Houston housing market had its strongest August ever with 7,505 single-family home sales, up 1.1 percent over August 2013, according to the latest monthly report prepared by the Houston Association of Realtors. The average price of a single-family home rose 6.4 percent year-over-year to $275,369, HAR said. The median price—the figure at which half the homes sold for ... Read More »

Summit Pays $36 Million for Hotel in Houston’s Energy Corridor

HOUSTON -Summit Hotel Properties  has bought the Hilton Garden Inn located in the Energy Corridor of Houston at 12245 Katy Freeway. The acquisition marks the second Hilton Garden Inn owned by Summit in the Houston area. Summit acquired the 190-room Hilton Garden Inn located in Houston on August 15, 2014 for a total purchase price of $36 million and entered ... Read More »

Shipley Do-Nuts to Open 60 Stores in Dallas-Fort Worth

DALLAS – Shipley Do-Nuts is launching a major expansion into Dallas and Fort Worth, bringing new 60 doughnut outlets into north Texas. Shipley has signed a development agreement with Adkins Development Corp. to accelerate expansion in the Dallas/Fort Worth market.  The agreement requires Adkins to open a minimum of 60 stores over a 15-year period.  The President of Adkins Development ... Read More »

Austin’s First Downtown Tower Since 2003 to Open Almost Fully Leased

AUSTIN - The 29-story Colorado Tower, the first downtown office tower built in Austin since 2003, will be completed at the end of the year almost fully leased. Cousins Properties I has signed five new leases totaling 157,279 square feet at Colorado Tower in downtown Austin. Leasing at the 373,000 square-foot, Class-A office development is now 95 percent, up from 51 ... Read More »

Houston Leads Nation with 112,000 New Jobs (Marcus & Millichap Forecast Nailed the Number Dead-On)

(Commentary by Ralph Bivins) – Houston leads the nation in job growth with 112,200 new jobs created for the 12 months ending in July – almost exactly what one research group forecasted. That represented a 4 percent gain for Houston’s job market to top the nation’s major metropolitan areas, followed by Dallas/Fort Worth at 3.9 percent and Miami at 3.3 ... Read More »

Transwestern Investment Group Buys Office Building in Reston, Va.

RESTON, Va. – Transwestern Investment Group announces the Parkridge III, a 107,400-square-foot office building located at 10701 Parkridge Blvd. in the Reston submarket of Washington, D.C., was acquired on behalf of Diversified International Partners, a private equity real estate fund for Latin American institutional investors and qualified high net-worth investors. Transwestern Investment Group (TIG), the fund manager, found this opportunity ... Read More »

Another Energy Corridor Office Building Started by Skanska

HOUSTON – Skanska USA Development has started construction on a $100 million office building in the Energy Corridor district in west Houston. West Memorial Place II will be a 14-story office building with approximately 380,000 square feet of rentable space. It is targeted for LEED Platinum certification. The new office building will be adjacent to West Memorial Place I, Skanska’s ... Read More »

Colliers: Austin’s Office Construction Up; Vacancy Down

AUSTIN – Austin has more than 2.4 million square feet of office space under construction and seven new buildings were completed in the second quarter, according to the Colliers International real estate firm. Over 188,000 SF of new office inventory delivered during the second quarter, bringing 2014 year-to-date delivered inventory to 587,657 SF, Colliers reported in its second quarter research ... Read More »

Sizmek Relocates HQ to Austin

AUSTIN – Sizmek Inc., an online ad management platform company, is relocating its Dallas headquarters to Austin and will move into a new building in Austin’s downtown. Sizmek, represented by CBRE, signed a 17,077-square-foot lease at IBC Bank Plaza in the Austin Central Business District. Endeavor Real Estate Group is developing the 194,749-square-foot, Class A office tower at 500 West ... Read More »

USAA Buys Industrial Properties in Texas and Georgia

SAN ANTONIO – USAA Real Estate Co. acquired a 1.5 million square foot warehouse portfolio with distribution buildings in Dallas and Atlanta areas. The portfolio consists of two properties known respectively as I-85 Distribution Center, a 744,000 square foot warehouse located in Union City, Georgia within the South Atlanta submarket, and Dalport Trade Center, a 758,922 square foot warehouse located ... Read More »

Scroll To Top