Monday , 24 April 2017
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Prologis Buys Four Buildings in West by Northwest Industrial Park for $55 Million

HOUSTON – Prologis has purchased four industrial buildings, totaling 809,000 SF, in the West by Northwest Industrial Park in northwest Houston for $55 million. The seller was TH Real Estate, an affiliate of Nuveen, which is the investment arm of TIAA. Rusty Tamlyn and Trent Agnew of HFF represented the seller. The Class B buildings, which are 95 percent leased, ... Read More »

W.P. Carey Group Sells Downtown Houston Tower

HOUSTON – The 500 Jefferson building, developed as part of the Cullen Center complex in downtown Houston, has been purchased by Jefferson Smith LLC. The seller was Corporate Property Associates 17 – Global, an affiliate of the W.P. Carey investment firm based in New York. The 22-story, 390,000-SF office building, completed in 1962, was renamed last year, although a KBR ... Read More »

Opening Day: New 500 Crawford Apartments are Within Bunting Distance of Astros Stadium

HOUSTON – (By Michelle Leigh Smith) – Opening Day for the Houston Astros baseball club has a special meaning if you live in the 500 Crawford apartments. It means you can walk from your apartment to the Astros game in about 10 seconds. So it will hard to be late for the Astros first game of the season on Monday ... Read More »

Drayton McLane Company Leases Distribution Space in Houston

HOUSTON  –  McLane Group International, a firm owned by former Astros owner Drayton McLane, has leased 159,785 square feet at Interstate Commerce Center at 1902 Cypress Station Drive in Houston. CBRE’s Patrick Rollins represented McLane Group International, LP. in lease negotiations with the landlord, Hillwood Investment Properties, which was represented by Stream Realty. McLane Global is considered an expert within the global logistics management ... Read More »

10-Story Marriott Going Up Next to Exxon Mobil Campus in Springwoods Village

SPRING, Texas — Construction has started on the 337-room Marriott CityPlace hotel in the Springwoods Village community, where the Exxon Mobil campus is located in north Houston. Dallas-based Woodbine Development in partnership with CDC Houston and USAA Real Estate Co. announced the 10-story hotel project, slated to open in November 2018. The Marriott hotel anchors the eastern end of CityPlace, ... Read More »

Amazon Announces 1 Million SF Distribution Center with 1,000 New Jobs Near Houston

KATY, Texas – Amazon Inc. will create 1,000 new jobs and construct a large fulfillment center on the far west side of Houston along Interstate 10 in the Katy area. “We are excited to continue growing in Texas by creating an additional 1,000 full-time roles at this new fulfillment center in Katy,” said Akash Chauhan, Amazon’s vice president of North ... Read More »

Exxon Mobil’s Houston Sell-Off: Aftershocks From the Move to New 3 Million SF Campus

HOUSTON – (By Ralph Bivins) – When Exxon Mobil announced in 2011 it would be moving to a 385-acre, 3 million-SF campus in north Houston, the aftershocks started rumbling n the Houston real estate market. The wave of Exxon Mobil’s monumental move is still working way through the Houston real estate market. Exxon Mobil’s prime Inner Loop parcel in the ... Read More »

Large Retail Center Underway at Aliana Master Planned Community in Fort Bend County

HOUSTON – Property Commerce, a Houston development firm led by Jay Williams, has acquired 38 acres on the Grand Parkway near the Aliana master planned community in Fort Bend County. Aliana, where 426 new homes were sold in 2016, ranks 17th nationally among the top selling communities, according to John Burns Real Estate Consulting. Property Commerce will develop a 438,000-SF ... Read More »

Houston Firm Buys Fort Worth Apartments

FORT WORTH – Venterra Realty of Houston has acquired Venue at Hometown, a 209-unit multifamily community in the Fort Worth suburb of North Richland Hills. Holliday Fenoglio Fowler arranged acquisition financing, seven-year, 4-percent fixed-rate loan with a life insurance company. The property is 94 percent leased. Venterra, with offices in both Houston and Toronto, employs more than 500 people and ... Read More »

Seniors Project in the Downtown of The Heights

HOUSTON – Houston Heights Tower, an eight-story seniors living facility on the walk-able 19th Street strip known as the downtown of the Heights, has completed a $12 million renovation. The 223-unit facility which opened in 1975, serves low- to moderate-income senior adults. The renovation was designed by Jim Gwin Architects. Comanche Contractors was the general contractor. “When we built Houston ... Read More »

Houston’s Quirky Elevated Buildings: Can “Stilts” Make a Comeback in the Inner Loop?

HOUSTON – (By Michelle Leigh Smith) – You see them all over Galveston Island. And if you are really observant, you see these rare structures sprinkled across Houston’s Inner Loop. We’re talking about buildings on stilts – the upright columns that support small, elevated buildings with surface-level parking underneath. How often have small buildings been built with stilts in dense ... Read More »

Targa Resources Signs Major Lease at 811 Louisiana in Downtown Houston

HOUSTON – Targa Resources Corp., one of the largest independent midstream energy companies in North America, has signed a long-term office lease at 811 Louisiana, a Class A, 577,735 square-foot office tower located in Houston’s Central Business District. Targa will occupy 127,734 square feet on four floors at the recently renovated 811 Louisiana building. The lease represents the largest new ... Read More »

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