Monday , 19 March 2018
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Heitman Buys Large Medical Portfolio with 7 Texas Properties

HOUSTON – (Realty News Report) – Heitman LLC, a real estate investment management firm, has acquired a 1.4 million SF medical office portfolio, which includes four properties in the Houston area and three in San Antonio. The 17-buildings, known as the PHT Portfolio, includes buildings in seven states. JLL represented the seller, Bentall Kennedy, on behalf of a state pension ... Read More »

Hertz Buys 800,000-SF Brookhollow Office Park on North Loop

HOUSTON – (Realty News Report) – Hertz Investment Group has acquired Brookhollow Central I, II and III, a three-building, Class A office portfolio totaling 806,541 SF in Houston’s North Loop submarket. The HFF team of Dan Miller and Marty Hogan represented the seller, Parmenter Realty Partners of Miami, and procured the buyer, California-based Hertz. Brookhollow Central I, II and III ... Read More »

Mosaic Buys Project in Off-Market Transaction

HOUSTON – (Realty News Report) – Houston-based Mosaic Residential purchased the The Club at Stablechase, a 148-unit multifamily complex located near Schroeder Road and Highway 249 in the Champions area of northwest Houston. The seller, CFH Investment Partners, was represented by CBRE’s Matt Phillips and Clint Duncan, in the off-market transaction. The Club at Stablechase, built in 1999, features one- ... Read More »

Hertz Changes Name of Houston Office Building – His First Purchase in Texas

HOUSTON – (Realty News Report) – Hertz Investment Group of California has retained Moody Rambin to handle leasing of its first Houston acquisition – a 10-story office building in Westchase. Hertz recently purchased the 232,100-SF office building, Westchase Park Plaza at 11490 Westheimer in Houston. Hertz has renamed the building Royal Oaks Centre. Leasing will be handled by Kurt Kistler ... Read More »

Loop Central Office Complex Under Contract

HOUSTON – (Realty News Report) – TIER REIT Inc., a Dallas-based real estate firm, has reached an agreement to sell the Loop Central office complex near Loop 610 in Houston. The three-building office complex is located on the east side of Loop 610, just south of Westpark, near the city of Bellaire. TIER REIT did not disclose the identity of ... Read More »

$110 Million in Bellaire? West Loop Buildings Sold

BELLAIRE, Texas – (Realty News Report) – A group of five office buildings, totaling 505,000-SF near Loop 610 in Bellaire, have been acquired by Norvin Healthcare Properties of New York. The seller was a partnership of Investcorp and Griffin Partners of Houston. The Bellaire portfolio was called the Offices at Pin Oak Park.The buildings are located at 4710 and 4747 ... Read More »

Sealy & Co. Buys Sam Houston Business Park

HOUSTON – (Realty News Report) — Sealy & Co. acquired the Sam Houston Business Park, a 262,631-SF, four-building project in northwest Houston. Tom Lynch & Heather McClain of CBRE represented the seller, the Levey Group. The business park, which is 100 percent leased, is located in the 8800 block of North Sam Houston Parkway West. “The acquisition of this trophy ... Read More »

NAI’s Gilbert: A Pair of 1 Million SF Deals in the Offing

HOUSTON – (Realty News Report) – Gray Gilbert, a partner in the industrial division of NAI Partners, says two 1 million SF warehouse deals are strong possibilities in the Houston area. Gilbert, speaking at the NAI Partners press breakfast recently, declined to disclose details of the big buildings or to characterize the kind of companies that are expected to occupy ... Read More »

Infomart Dallas Building Selling for $800 Million

DALLAS – (Realty News Report) – Equinix Inc. has agreed to acquire the 1.6 million-SF Infomart building on the northwest side of downtown Dallas for $800 million. The building, located on the Stemmons Freeway, was developed by Trammell Crow over 30 years ago. ASB Real Estate Investments is the seller, in the deal, which has one of the largest sales ... Read More »

Sterling Continues Multifamily Buying Spree in Texas

SAN ANTONIO – (Realty News Report) – Sterling Real Estate Holdings, a joint venture between Barker Pacific Group and Pacific Real Estate Partners, has acquired La Fiesta Apartments in San Antonio. The 111-unit apartment complex, which has 68 two-bedroom units, is in the Alamo Heights submarket of northeastern San Antonio. Sterling said in a press release that it is actively ... Read More »

Lyric Market Food Hall to Open in New Downtown 327,000-SF Parking Garage

HOUSTON – (Realty News Report) – Jonathan Enav is developing a 31,000-SF food hall in the new Lyric Centre parking garage developed by Hines in downtown Houston. The 800-space garage is being built adjacent to the Lyric Centre office building, 440 Louisiana St. The food hall, called Lyric Market, will open in the fall of 2018 with a bakery, sushi ... Read More »

Houston Homes Sales Surge in the New Year – Strongest January Ever

HOUSTON – (Realty News Report) – The new year began with robust home sales, as Houston Realtors experienced the strongest January ever. The Houston Association of Realtors reported 4,469 single-family home sales in January, up 8.9 percent from the 4,104 sales in January of last year. Housing inventory was unchanged from the 3.3-months supply a year earlier. Housing inventory across ... Read More »

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