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Three Deals Closed in Houston’s Hot B&C Multifamily Market

HOUSTON – Transwestern’s Houston Multifamily Investment Services Group, demonstrating a trend for Houston’s hot market for Class B and C units, has completed the sale of three apartment properties totaling 786 units. “Demand for Class B and C apartment assets remains vibrant in the Houston market,” said Transwestern Managing Director Ed Cummins. “These deals represented a blend of local and ... Read More »

Massive Prologis Warehouse Project Hits 100 Percent Occupancy

HOUSTON – The 2 million SF Prologis warehouse portfolio in the West by Northwest Industrial Park has reached 100 percent occupancy, according to Transwestern, the Houston-based commercial real estate firm. “We are pleased to bring this assignment to full occupancy,” said Darryl Noon, senior vice president of Transwestern. “Despite some of the national attention Houston is receiving regarding economic uncertainties, ... Read More »

Bujosa: Land Prices Holding Up in Fort Bend County

(By Dale King) SUGAR LAND, Texas — Land prices are stable in Fort Bend County, southwest of Houston, despite a decline in the energy industry, says land specialist Carlos Bujosa, a vice president with Transwestern. He said land prices in the area are “stable. We don’t anticipate any across-the-board land value declines; we haven’t seen any yet.” Land values should ... Read More »

Transwestern’s Ridge Development Starting 1.6 Million SF Spec Project in North Texas

DALLAS – Ridge Development, the industrial development arm of Transwestern Development Co., will start a 1.6 million SF spec industrial project at the northwest corner of Interstate 20 and State Highway 360 in Arlington, near Dallas. The 119-acre project, called Park 20/360, is owned by a venture between Invesco and Ridge Development. Ground breaking is set for the second quarter. ... Read More »

Transwestern to Lease the 40-Story KBR Tower in Downtown Houston’s Cullen Center

HOUSTON – Transwestern will lease the 40-story KBR Tower and the 20-story 500 Jefferson buildings in downtown Houston. Combined, the two buildings have 1.4 million SF of office space. The buildings, which are part of the Cullen Center complex, are owned by W.P. Carey. Michelle Wogan and Paula Musa of Transwestern will handle the assignment. The KBR Tower, located at ... Read More »

The East Houston Boom: The Explosive Bright Spot in a Lackluster Market

EAST HOUSTON (Realty News Report) – If you think Houston is only losing jobs, then take a ride to the city’s eastside. Drive by the ChevronPhilips chemical facility under construction in Baytown. It employs thousands of construction workers and will need approximately 400 full-time employees to run the plant once completed. “Unfortunately the upstream side — exploration and production — ... Read More »

Ridge Developing Large Industrial Park at Port of Houston

HOUSTON – Ridge Development, the industrial development arm of Transwestern Development, has been selected as the master developer for 56 acres of Port of Houston Authority land near the Bayport Container Terminal. As part of the deal, Ridge plans to construct a build-to-suit facility on 38.4 acres it controls via a ground lease with the Port of Houston Authority. Ridge ... Read More »

200 Newspapers; 1 Copy Desk – GateHouse Media Expands Its Centralized News Hub in Austin

(By Dale King) AUSTIN – One of the nation’s largest newspaper publishing and website development companies, which prepares content, edits copy and designs pages at a centralized facility in Austin, plans to enlarge that center located in the Northview Business Center. CBRE Group Inc., the commercial real estate services and investment firm, said GateHouse Media, publisher of several hundred daily ... Read More »

Transwestern Leases 400,000 SF Near Port of Houston

HOUSTON – California-based Plastic Express has preleased 394,489 SF in Phase II at Port 225 in Pasadena, Texas, near the Port of Houston from Clarion Partners. The 750,000-SF Phase II of Port 225, set for completion in the second quarter, is 65 percent leased. Transwestern’s Brian Gammill and Darryl Noon represented the building owner, Clarion Partners. Jeff Huberman, Mike Spears ... Read More »

The Halal Guys Enter Houston Market

HOUSTON – The Halal Guys, a New York City restaurant group, plans to open several stores in the Houston market over the next few years. Transwestern represented The Halal Guys in a new retail lease totaling 1,483 square feet to accommodate its growing business located at 3821 Farnham Street, near Richmond Avenue and Shepherd Drive in Houston. Chris Reyes, broker ... Read More »

Q&A with Transwestern’s Chip Clarke: Making The Right Moves for 2016

It’s no secret that Houston has been adversely affected by the dramatic drop in the price of a barrel of oil.  Where will energy prices go?  How has it affected real estate?  What other cities in America are doing well?  To find out, Realty News Report talked with Chip Clarke, President Americas, at Transwestern and a 30-year veteran of the ... Read More »

New Building with Plant-Covered Green Roof Gets LEED Gold Certification

HOUSTON – Katy Medical Plaza, a new building with green rooftop vegetation, has been awarded LEED Gold certification by the U.S. Green Building Council has been awarded LEED Gold certification by the U.S. Green Building Council. The building’s developer, Jacob White Construction Co. is represented by Transwestern Senior Vice President Tim Gregory. Katy Medical Plaza is a 150,000-square-foot, three-building medical office ... Read More »

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