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Hearst Selects HFF to Market Houston Chronicle Downtown Property

HOUSTON – Hearst Corp. has selected the HFF commercial real estate brokerage firm to handle the sale of its Houston Chronicle property in downtown Houston. Hearst interviewed a number of Houston’s leading commercial real estate brokers before selecting HFF, a national firm with a strong local office. The 10-story Chronicle building, 801 Texas Ave., covers a full city block and ... 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 »

RNR Apartment Briefs from Around the Nation

HOUSTON – Marquette Cos. of Chicago will break ground this week on a 28-story apartment tower in downtown Houston on Texas Avenue between Austin and LaBranch, near the Astros’ Minute Maid Field. The project, called Catalyst, will have 361 units. Hines, Trammell Crow and Finger Cos. – and others – have projects underway in downtown Houston. RALEIGH — Greystone acquired ... Read More »

Biggest Deal Ever? Foreign Investors Bid Heavy on a Houston Trophy Tower

HOUSTON – A dozen investment groups, including foreign buyers, submitted bids this week to buy the 1000 Main building in downtown Houston – a transaction that may become the biggest deal ever in the Bayou City. Foreign buyers, including players from Europe, the Far East, the Middle East and Canada submitted offers to purchase the 36-story building, said Bernard Branca, ... Read More »

ULI Houston Names Finalists for Development of Distinction Awards

HOUSTON –The Houston District Council of the Urban Land Institute announced the finalists for their 2015 Development of Distinction Awards. The prestigious award recognizes developments that exemplify best practices in design, construction, economic viability, community health, marketing and management. “The development of distinction awards is unique in that projects must be complete, from design, to management, to market success, to ... Read More »

Houston Leads the Nation in Office Construction – Followed By NYC, San Jose and Dallas

HOUSTON – More than 50 office buildings totaling 17.1 million square feet are under construction in Houston – which has more than twice as much construction as the No. 2 market – New York with 7.9 million square feet, according to the CBRE Econometric Advisers. The Greater Houston Partnership reports Houston’s commercial construction permits were up a whopping 193 percent ... Read More »

The Biggest Spec Building in America Drawing Tenant Interest

HOUSTON – The biggest spec office tower in the nation, under construction by Hines on Main Street in downtown Houston, is attracting interest from corporations that are interested in leasing space there, as expected. “We are in advanced discussions with several large tenants,” said Hines spokesman Mark Clegg. But at this point no leases have been signed. The foundation of ... Read More »

Hines Starts 130-acre Residential Project New New Exxon Mobil Campus

HOUSTON –  Hines – the Houston-based developer that has created 37,000 residential lots encompassing 12,000 acres over the past four decades – is starting a relatively small project near the new Exxon Mobil campus north of Houston. The latest addition to the Hines residential portfolio is Laurel Park North, a 130-acre project on the east side of David Wayne Hooks ... Read More »

Hines Buys Calif. Building with Angelo Gordon

SAN MATEO, Calif. – Hines, along with partner Angelo, Gordon & Co. has acquired San Mateo Centre, a 217,544-square-foot, three-building office complex located in San Mateo. The low‐rise, three‐story buildings were constructed between 1985 and 1987, and sit on a 9.79‐acre parcel bordered by Gateway Drive and Highway 92 to the north, Gateway Drive to the west, and Edgewater Boulevard ... Read More »

Hines Sells the 24-Story 101 North Wacker Building in Chicago

CHICAGO — The Chicago office of Hines, the international real estate firm, announced that a subsidiary of the firm’s U.S. Office Value Added Fund II sold its 101 North Wacker, a 24-story, 600,000-square-foot office tower in Chicago, to an affiliate of LaSalle Investment Management on behalf of a European investor. Hines was advised by JLL on the transaction. Starling Cousley, ... Read More »

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