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Tag Archives: Cushman & Wakefield

The Houston Ship Channel’s Emerging Land Shortage – Q&A with John Nicholson of Avera

Could Houston be facing a shortage of land in some real estate sectors?  Crazy as it seems for ever-expanding Space City, it could be possible, especially in a hot market such as the Houston Ship Channel.  To find out, Realty News Report contacted one of the city’s long time industrial brokers — John Nicholson, Executive Vice President of Development at ... Read More »

$2 Billion Sale of Cushman & Wakefield Closes to Create One of the World’s Largest CRE Firms

NEW YORK – The $2 billion sale of Cushman & Wakefield, a global commercial real estate services firm, has been finalized, creating one of the world’s largest real estate companies. With this merger with Chicago-based DTZ, the new Cushman and Wakefield will have 44,000 employees and estimated annual revenue of $5 billion. Investor David Bonderman of Fort Worth is now ... Read More »

Sold: The Biggest Warehouse in New Orleans

NEW ORLEANS – Cushman & Wakefield has brokered the sale of what is believed to be the largest warehouse in New Orleans. The price was $15.5 million. With occupancy of 96 percent, the 1420 Sams Avenue building is a 358,060-square-foot distribution building in New Orleans’ Elmwood Business Park. The seller, Columbis Nova, was represented by Cushman & Wakefield’s Mike David, ... Read More »

TPG-Backed DTZ Acquiring Cushman & Wakefield to Create Commercial Realty Giant

NEW YORK –  DTZ, a commercial real estate services backed by the TPG private equity firm, has agreed to acquire Cushman & Wakefield for $2 billion, creating one of the world’s largest realty firms. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than ... Read More »

Hines Joins Move to South Side Development Hotbed with Major Industrial Park

HOUSTON – Hines, one of the oldest and most respected development firms in Houston, has launched a 1 million square-foot industrial park, injecting even more momentum in the new south side hot zone for warehouse development. Hines’ 75-acre Beltway Southwest Business Park is located at the northeast corner of Beltway 8 and Fort Bend Toll Road. A number of developers, ... Read More »

Houston’s Top 17 Catalyst Deals of the Year

HOUSTON – Houston realty outscored the nation in most categories last year. The city has more than 17 million square feet of office space under construction, far more than any other city. And it had more single-family housing starts than any other market in the nation last year. Plus, existing single-family sales are on a record-setting pace. While adding 125,000 ... Read More »

11,000-Acre Tract Sold in One of Houston’s Biggest Land Deals Ever

HOUSTON –  Cedar Crossing, a 10,897-acre industrial park near Baytown, has been sold to TGS Cedar Port Partners in one of the largest land sales in Houston’s history. Cedar Crossing is considered the fifth largest industrial park in the world and it is equal to three-fourths that of New York’s Manhattan Island, according to the Cushman & Wakefield realty firm, ... Read More »

Cushman & Wakefield: Global Investors Now Liking Dallas, Dublin, Dubai – and Houston

MUNICH – New York attracted the most commercial real estate investment during the last year as the global real estate investment market saw volumes increase by 17.2% to $788 billion, according to Cushman & Wakefield’s annual ‘Winning in Growth Cities’ report launched today at EXPO REAL in Munich, Germany. While a number of cities still dominate, activity is spreading to ... Read More »

New Energy Corridor Project Proposed: Five Office Towers, 350-Room Hotel Possible

HOUSTON – As many as five office buildings, with an estimated 2 million square feet of office space, will be added to west Houston’s Energy Corridor on the site of the 35-acre Exxon Mobil Chemical complex, which will be demolished. Houston-based PM Realty Group will be developing the Exxon site in conjunction with Atlas USA Holdings of Greenwich, Conn. The ... Read More »

Boutique Office Building to be Built on Famed Wedding Venue Site in Houston

HOUSTON – The Courtyard on St. James Place, a wedding venue and events center, is being torn down and replaced with a 13-story boutique office building west of the Galleria in Houston. The office building will be developed by 1885 St. James Place Partners, as owner, and Nelson Murphree Legacy Partners as developer. Construction is expected to kick-off in the ... Read More »

Forst Named President and CEO of Cushman & Wakefield

NEW YORK– Cushman & Wakefield Inc. announced that Edward Forst has been named President and Chief Executive Officer of the company. Forst, 53, joins Cushman & Wakefield following his tenure at Goldman, Sachs & Co. as Global Co-Head of the Investment Management Division, as a member of its management committee and previously as the firm’s Chief Administrative Officer. Most recently, ... Read More »

Texas Gulf Industrial Property Report

HOUSTON – Levey Construction is building several tilt-wall office/warehouse buildings on seven acres in Northwest Place Industrial Park at West Little York and Bingle Road. PASADENA, Texas  – A-International Distribution leased 100,000 sf of warehouse space in Baywood North Distribution Center II at 4331 Underwood in Pasadena.  Walter H. Menuet Jr. represented landlord Mountain West Industrial Properties. Bob Berry of ... Read More »

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