Sunday , 20 August 2017
Breaking News

Avison Young to Handle Leasing at Tenaris Building on Houston’s West Loop

HOUSTON – The Avison Young, the commercial real estate services firm, has been named the exclusive leasing agent for the 2200 West Loop South office building, near the Galleria in Houston. Avison Young Principals Sam Hansen and Doug Pack, who will lead the leasing team, were granted the assignment by the building’s owner Tenaris, a global manufacturer and supplier of ... Read More »

AmazonFresh to Secure Warehouse Space for Houston Grocery Delivery

HOUSTON – AmazonFresh is preparing to locate a grocery logistics operation in Houston warehouse space as it gears up for a major foray into grocery delivery in Space City. The e-commerce giant is expected to occupy more than 100,000 SF of warehouse space in the Fallbrook Pines Business Park near the intersection of Beltway 8 and Highway 249 in northwest ... Read More »

Clay Breaks Ground on Spec Warehouse Project in Pasadena

PASADENA, Texas – Clay Development & Construction Inc. has begun construction on Energy Commerce Phase II, a two-building, 334,360-SF warehouse/distribution project in Pasadena on the east side of Houston. The spec project is slated for completion in the first quarter of 2018. “The Port of Houston area is thriving with dramatic expansion in Gulf Coast refinery output, exports of crude ... Read More »

Multifamily Project Sold

HOUSTON – Abbey Residential Services Inc. acquired the 396-unit Modera Spring Town Center apartment community in Spring, north of Houston. Berkadia represented the seller, Mill Creek Residential. “Houston’s multifamily market is poised for a recovery in the near term with apartment absorption expected to exceed 28,000 units in 2017,” said multifamily specialist Ryan Epstein of Berkadia. “With the supply pipeline ... Read More »

Pasadena Tract Sold for Retail Development

PASADENA, Texas – A tract of land in Pasadena, on the southeast side of Houston, has been sold for a retail development, Colliers International reports. The east side of town has seen considerable growth in recent years as billions of dollars have been invested for major chemical plant expansions and industrial development near the Port of Houston. Investor Chuan Le ... Read More »

3M Selling 156-Acre Campus in Austin

AUSTIN – World Class Capital, an Austin firm led by Nate Paul, has contracted to buy the 156-acre 3M campus in northwest Austin. 3M, the manufacturer of Scotch tape and Post It Notes, will relocate to a 272,000-SF office building that will be constructed in the Parmer Business Park, a development near Parmer Lanes, east of Interstate 35. Trammell Crow ... Read More »

Parkway Inc. to Be Acquired by Canadian Pension Fund

HOUSTON — Canada Pension Plan Investment Board has reached an agreement to acquire Parkway Inc., one of the largest property owners in Houston $1.2 billion, or $23.05 per share. The transaction is expected to close in the fourth quarter of 2017. Parkway owns an office portfolio of 8.7 million square feet, including the 1.3 million SF Post Oak Central, the 627,000-SF ... Read More »

270-Acre Business Park Underway in NE Houston

HOUSTON – Mesa Business Park, a 270-acre development in northeast Houston near the intersection of Mesa Drive and East Mount Houston Road, is under development. Lee & Associates – Houston is marketing the new project, which is not far from the 4,000-acre Generation Park, a McCord Development project along Beltway 8. The first spec building in the Mesa Business Park ... Read More »

Motiva Signs Major Lease in Downtown Houston, Gains Naming Rights

HOUSTON – Motiva Enterprises has agreed to expand its headquarters offices in the One Allen Center tower, a 34-story building that will be renamed for Motiva, With the new lease, Motiva, which is owned by the Saudi Aramco energy firm, will occupy 204,500-SF, more than 15 percent increase over its existing space. One Allen Center, 500 Dallas, is a 1 ... Read More »

AMD Global Acquires Heights Hospital

HOUSTON — AMD Global, LLC has acquired The Heights Hospital and that major renovations are underway with anticipated completion in mid-September. AMD partnered with Medical Center Developments to purchase the 192,077 SF, six-floor hospital, located on 3.94 acres at 1917 Ashland Street in the Heights, Dr. Dharmesh Patel, CEO of AMD. The hospital, formerly operated by Select Specialty Hospitals, has ... Read More »

Sublease Deal Completed in Houston’s Galleria Area

HOUSTON – Frontier Utilities has subleased 19,149 SF of office space at 5444 Westheimer Road, near the Galleria, for its headquarters. CBRE’s Steve Hesse, Brandon Clarke and Ryan Roth represented Frontier in lease negotiations with the sub-landlord, Baker Hughes, which was represented by Cushman & Wakefield’s Bill Romane. The Houston office market has amassed a glut of sublease office space ... Read More »

Transwestern to Manage 4.5 Million SF Portfolio for Griffin Capital

HOUSTON – Transwestern will manage a 4.5 million SF portfolio of Class A office and industrial space for Los Angeles-based Griffin Capital Company. The buildings, located primarily in the Southwest and West regions of the country, are controlled by two publicly held REITs sponsored by Griffin Capital. “Griffin Capital is a foundational client for us, and we are honored that ... Read More »

Scroll To Top