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Huge Houston Real Estate Company Quietly Created Last Friday

(By Ralph Bivins) HOUSTON – One of the biggest Houston-focused real estate companies ever was born last week. It’s holdings: All Houston. All office. The new Houston REIT began trading on the New York Stock Exchange on Friday, Oct. 7. The new REIT was created as the byproduct of the $2 billion merger of Cousins Properties and Parkway Properties. When ... Read More »

Cousins Selling 50-Story One Ninety One Peachtree Tower

ATLANTA – Cousins Properties is selling One Ninety One Peachtree, a major Atlanta skyscraper developed by Hines in the early 1990s. Banyan Street Capital, in partnership with Oaktree Capital Management, is expected to purchase the 50-story, 1.2 million-SF tower in downtown Atlanta, according to the Atlanta Business Chronicle. Meanwhile, Atlanta-based Cousins is preparing to sell its major office holdings in ... Read More »

New Houston REIT to Own Greenway Plaza and Other Major Buildings in Wake of Cousins/Parkway Merger

HOUSTON – Cousins Properties and Parkway Properties – two large REITs with significant Houston holdings – have agreed to merge and spin-off a new REIT of Houston office towers. In a deal slated to close at year-end, Atlanta-based Cousins will acquire Orlando-based Parkway for $2 billion, paid in stock. The new Houston REIT will own five Houston office properties with ... Read More »

Cousins Announces Two Leases in Houston

HOUSTON — Cousins Properties has signed two large lease extensions in Houston totaling  216,000 square feet with Direct Energy and Cox Radio. “I’m very pleased to announce two significant lease transactions in our Houston portfolio,” said Larry Gellerstedt, president and chief executive officer of Atlanta-based Cousins. “With the execution of Direct Energy and Cox Radio, we have successfully mitigated a ... Read More »

Hines, Cousins to JV Office Tower Project in Downtown Dallas

DALLAS – Hines, the Houston-based real estate firm, and Cousins Properties, the Atlanta-based REIT,  have formed a joint venture to develop the Victory Center office tower in the Uptown Dallas submarket. Designed by Duda/Paine Architects, Victory Center will be a 23-story, trophy office tower with approximately 466,000 rentable square feet of office and retail space and is expected to achieve ... Read More »

Cousins Starts $44 Million Office Development in Austin

AUSTIN – Cousins Properties Inc.  plans to commence construction on Research Park V, a $44 million project in northwest  Austin. The 173,000 square-foot office development is the last building in a five-building complex which Cousins has developed. “We have a long, successful history in Austin and are very excited about the opportunity to bring new Class-A product to the rapidly tightening ... 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 »

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