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Tag Archives: Parkway

Did the Tide Just Turn in Houston’s Office Market? A $512M Deal May Mean Yes

HOUSTON – In a deal that may represent a turnaround milestone for Houston’s office market, Parkway Inc. has agreed to sell a 49 percent stake in its Greenway office portfolio for $512 million or $210 per SF. The deal represents one of the largest investments in years in Houston, which has been at the bottom of the menu for institutional-quality ... Read More »

Realty News Report’s Legends of Real Estate Awards: Deal of the Year – Parkway, Jim Heistand

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: DEAL OF THE ... Read More »

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 »

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 »

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