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Celebrating Hines’ Main Street Tower – His 21st Addition to Houston Skyline

  HOUSTON – (By Michelle Leigh Smith) – At 91, Gerald D. Hines opened his sexy new skyscraper this week. Towering 48-stories above Main Street and topped with a sloped crown, 609 Main at Texas has become a must-see destination – as hundreds of onlookers came to the grand opening celebration Wednesday night to view Hines’ latest urban handiwork. This ... Read More »

The Lasting Appeal of a Louisiana Street Address: Q&A with Damon Thames of Colvill Office Properties

Downtown’s 811 Louisiana, a 26-story, 577,735-square-foot office building formerly known as Two Shell Plaza, is proving again that a Louisiana Street address appeals to the Houston marketplace. Two years after Shell Oil vacated the property, the structure has undergone an extensive redesign by Page architects. The lobby was transformed and rebranded and the entry was changed to 811 Louisiana. The ... Read More »

Realty News Report’s Legends of Real Estate Awards: Commercial Project of the Year – 609 Main at Texas, Gerald D. Hines

THE LEGENDS OF REAL ESTATE AWARDS 2016 – Ralph Bivins, editor of Realty News Report, has selected the most significant people, projects, deals and ideas of the Houston real estate market for 2016. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments. LEGEND: COMMERCIAL PROJECT OF ... Read More »

Hines Progressing with Tallest Tower on the West Coast

SAN FRANCISCO – Salesforce Tower, which is under construction in San Francisco, has surpassed other towers in height to become the tallest building on the West Coast.  Hines and co-development partner the Boston Properties REIT, announced that on Friday, October 14, 2016, Salesforce Tower will officially be the tallest building in San Francisco. Soaring to new heights – Salesforce Tower surpasses the ... Read More »

Shell’s Departure and the Future of Downtown Houston’s Office Market: Q&A with Paula Bruns

Houston’s office market has seen better times.  Affected by the downturn in the energy market, more office space is chasing fewer tenants.  Several weeks ago, one of the global energy giants, Shell Oil, announced plans to leave downtown for its suburban facilities — Shell’s Woodcreek Campus and the Shell Technology Center. Shell had been an anchor in downtown Houston for ... Read More »

RNR Apartment News Briefs from Realty News Report

  DALLAS DEAL by JLL DALLAS — On behalf of Criterion Property Company and Cypress Real Estate Advisors, JLL’s Capital Markets experts completed the sale of VV&M, a newly developed, luxury multifamily asset in the Addison/Bent Tree Market near the Dallas-Addison line. Mindful Management, LLC, purchased the 310-unit complex. JLL also secured $44.8 million in acquisition financing through Freddie Mac. …………………………………. ... Read More »

Hines Sells Project in Disney’s Innovative “Celebration” Community

CELEBRATION, Fla. – Hines has sold its multifamily complex in Celebration, the utopian master-planned community developed by The Walt Disney Company near Orlando. Southstar Capital Group purchased the 306-unit complex from Hines, which was represented by ARA/Newmark in marketing the apartments, called Aviva at Celebration. Aviva at Celebration was developed on 14.4 acres and contains 290,000-SF in six four-story buildings. ... Read More »

Shell Oil Leaving Downtown Houston

HOUSTON – Shell Oil Co., a stalwart anchor for downtown Houston since 1971, is vacating the 50-story One Shell Plaza and other downtown office space. In the first quarter of 2017, Shell’s 3,400 downtown employees will transfer to suburban facilities — Shell’s Woodcreek Campus and the Shell Technology Center. Shell is subleasing its 350,000 SF in One Shell Plaza and ... Read More »

Hines Developing 34-Story Apartment Tower in Houston’s Montrose Area

HOUSTON – Hines, in a joint venture with TIAA Global Asset Management and Houston’s Zimmerman family, announced plans to develop the Residences at La Colombe d’Or, a 34-story apartment near Montrose Boulevard in Houston’s Inner Loop. The project will be adjacent to La Colombe d’Or, a boutique hotel developed by Steve Zimmerman, who transformed the 1923-vintage Fondren Mansion into a ... Read More »

Hines Signs Another Tenant in New Houston CBD Tower

HOUSTON – Orrick, Herrington & Sutcliffe LLP, the international law firm, has signed a 12-year, 56,731-SF  lease at 609 Main at Texas, the new downtown office tower developed by Hines. The building, one of the biggest spec buildings under construction in the U.S., is now 50 percent leased with construction due to be completed in early 2017. The firm was represented ... Read More »

Delivering for Landlords: Q&A with Michael Anderson of Colvill Office Properties

HOUSTON – As unpredictable energy prices continue impacting the global economic market, one thing remains fairly constant: Houston’s commercial real estate market has too much space chasing too few companies. It’s been that way for more than a year; analysts and others are divided on when the situation will improve. But what about the landlords?  What’s their perspective?  To find ... Read More »

New Hines Skyscraper Reaches 50 Percent Leased Mark

HOUSTON – The new Hines office tower in downtown Houston, has reached 50 percent occupancy with the signing of a 225,000-sf lease by Chicago-based United Airlines. Located at the corner of Main and Texas streets in downtown Houston, the 48-story, 1,050,000-SF office tower will be complete in early 2017. United will consolidate its Houston office employees in the building from ... Read More »

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