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Exxon’s Rex Tillerson & The Good, Bad & Ugly of Houston Realty

HOUSTON (Commentary by Ralph Bivins) – Houston’s real estate markets sustained some ugly wounds as the price of oil dropped from $107 a barrel in June 2014 to below $30 a barrel earlier this year. While the Houston office market declined, other sectors, such as retail and industrial real estate were great. And overall, existing single-family home sales have been ... Read More »

Q&A with Alan Hassenflu: Redeveloping Exxon’s Brookhollow Campus, Baytown’s San Jacinto Mall and More

While Houston’s office sector remains in the doldrums, multifamily is struggling and has seen better days, retail remains hot.  One of the most active players – if not the most active player — in the Houston retail scene is Alan Hasssenflu. In a short span of time, Hassenflu has become one of the nation’s premier retail real estate developers. His firm, Fidelis ... Read More »

Oil and Houston’s Office Market: Q & A with Bob Parsley of Colliers

For more than three decades, Bob Parsley has been involved in all phases of the commercial real estate business.  A native Houstonian, he has an undergraduate degree from the University of Virginia (College ’76) and the University of Texas Law School (JD ’79).  He joined Colliers in 1983 where he is currently the co-chairman and one of the company’s principal ... Read More »

Spec Office to Break Ground One Mile From New Exxon Mobil Campus

HOUSTON – Archway Properties will break ground next month on an eight-story, 200,000-square-foot speculative office building approximately one mile north of ExxonMobil’s new campus. The building is the second phase of Wildwood Corporate Centre and it follows the completion of the Wildwood Corporate Centre I building in July. The campus is located on Wildwood Forest Drive, just off Interstate Highway 45. ... Read More »

New Tenant Leasing 40,000 SF of Greenspoint Space Vacated by Exxon Mobil

HOUSTON – A 40,000-square-foot portion of the Greenspoint office space being vacated by Exxon Mobil has been backfilled with a corporate headquarters tenant. The tenant is a HealthHelp, a Houston-based firm involved in educative and collaborative healthcare management. HealthHelp will relocate its corporate headquarters into two floors in the Four Greenspoint Place building. Fritsche Anderson Realty Partners, a Houston-based commercial ... 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 »

Fein Goes Double-Down with Second Apartment Project Next to new Exxon Mobil Campus

HOUSTON — Fein, a Houston-based multifamily firm founded by Martin Fein, is starting its second apartment development in Springwoods Village where the Exxon Mobil’s massive new campus is being built. Fein’s first project in Springwoods Village, a 342-unit project called The Belvedere, began leasing up this summer with strong velocity. Fein announced Monday it has purchased 3.75 acres from CDC ... Read More »

$200 Million Dirt? — Exxon Mobil Selling Off Premier Infill Site in Houston with JLL

HOUSTON – One of the finest infill development sites in Houston – an Exxon Mobil research campus between the Galleria and downtown – is going on the market. The Real Estate Alert newsletter said the parcel – almost 17 acres along Buffalo Speedway – could bring as much as $200 million, a phenomenal price that would set a new standard ... Read More »

Exxon Mobil Sells Greenspoint Building to Stream Partnership

HOUSTON – Exxon Mobil, which is moving thousands of employees to its new campus near The Woodlands, has sold its Eight Greenspoint building in north Houston. The Greenspoint area, which includes the Greenspoint Mall near the intersection Interstate 45 and Beltway 8, has been identified as one of the submarkets that could be hard-hit by Exxon Mobil’s relocation to its ... Read More »

Hotel to be Built Next to New Exxon Mobil Campus in Houston

HOUSTON – The gigantic new Exxon Mobil campus, scheduled to open its first office building next month, continues to generate activity on the north side of Houston. The latest: Woodbine Development and InterMountain Management (IMM) announced they have purchased 3.25 acres in Springwoods Village to develop an extended-stay hotel. The new hotel, a 128-room Residence Inn, is scheduled to open ... Read More »

Exxon Mobil Moving 2,000 to Houston from Fairfax, Va. and Akron

By Ralph Bivins HOUSTON – Exxon Mobil will relocate 2,000 employees from Fairfax, Va. and Akron, Ohio, to its new 385-acre corporate campus which is under construction on the north side of Houston, the energy firm announced in a press release. Some 10,000 Exxon Mobil employees will work at the new corporate campus, about 8,000 of them relocated from other ... Read More »

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