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Houston Office Building Acquired by Tristar Alliance

HOUSTON – (Realty News Report) – Tristar Alliance Properties of Houston has acquired the Sterling Plaza office building in Southwest Houston and plans extensive renovations for the property, according to Lee & Associates – Houston. The 102,292 SF, Class-B office building is located at 10101 Southwest Freeway near Beltway 8. Robert LaCoure and Ryan Young of Lee & Associates – ... Read More »

CBRE Names Peter Mainguy as Houston Market Leader

HOUSTON – (Realty News Report) – CBRE announced that Peter Mainguy has been promoted to Senior Managing Director and Market Leader for the company’s Houston office. He willoversee all Advisory Services lines of business and drive strategic initiatives and growth in the Houston market. Mainguy has 14 years of commercial real estate experience, most recently as CBRE’s Managing Director for Occupier Services ... Read More »

Real Estate Briefs – Houston and Texas and National from Realty News Report

Houston area real estate briefs Lee & Associates — Houston represented Southern Star Buske, LLC, in the sale of 18 acres on Conroe Park West Drive in Conroe. Mike Spears and Trey Erwin of Lee & Associates – Houston represented the buyer.……………………….…………………… Rhone Brittmoore Logistics, LP,recently purchased a former Nabors Drilling campus at 11330 Brittmoore Park Drive, consisting of about 111,530 SF of industrial office ... Read More »

MLG Capital Buys 10 Multifamily Properties, Including 4 in Houston

HOUSTON – (Realty News Report) – CBRE has arranged the sale of a 10-property workforce housing portfolio owned by Atlanta-based The RADCO Cos. Brookfield, Wisconsin-based MLG Capital acquired the 10 multifamily complexes, comprising a total of 2,769 units in Texas and Oklahoma. Shea Campbell, Colleen Hendrix and Ashish Cholia of CBRE represented the seller. They partnered with CBRE’s Clint Duncan ... Read More »

High Street Logistics Properties Purchases Beltway North Property

HOUSTON – (Realty News Report) – High Street Logistics Properties purchased the Beltway North Commerce Center, a fully leased, Class A, cross-dock industrial distribution center totaling 352,680 SF in Houston. JLL’s Trent Agnew, Rusty Tamlyn, Charlie Straus and Katherine Miller marketed the property on behalf of the seller, Nuveen Real Estate. The property is fully occupied by Air General, an industry-leading national cargo handling ... Read More »

CBRE Report: Growth in Office-Using Services Jobs Favors Texas, Tech Hubs, and Southeast Cities

HOUSTON – (By Dale King, Realty News Report) – Three of the top five office-occupancy job growth markets are in major Texas cities — Houston, Dallas and Austin, says a new report from the CBRE Group. “Houston is the fourth largest metro in the U.S. for Fortune 500 headquarters,” said Jason Presley, senior vice president at CBRE in Houston. “We consistently ... Read More »

Dallas and Houston Will Lead Nation into a Good Year for Home Building, Economists Tell NAHB

LAS VEGAS – (Realty News Report) – Thanks to strong economies and heady population growth– to say nothing of low interest rates — Houston and Dallas are expected to lead the nation in new home starts this year. Single-family starts should continue on a gradual, upward trajectory in 2020, according to economists speaking at the International Builders’ Show in Las Vegas ... Read More »

Hines Sells Project for $235 Million

BOSTON – (Realty News Report) – Hines has sold its Riverside Center trophy office project in Newton, Mass. for $235 million. Riverside Center is a 509,702-square-foot, trophy-quality office building in the Boston area. JLL exclusively represented the seller, Hines, and procured the buyer. Riverside Center is one of Boston’s premier transit-oriented assets, boasting high-quality physical infrastructure, flexible floorplates and leading onsite amenities ... Read More »

Sweet Deal: Organic Food Giant, Wholesome Sweeteners, Leases Huge Warehouse Near Port of Houston

HOUSTON – (Realty News Report) – Wholesome Sweeteners leased 349,050 SF at Victory Commerce Center at 2851 East Pasadena Boulevard in Deer Park. Wholesome Sweeteners was represented by Ryan Fuselier and Carl Mueller of JLL. Jon Lindenberger, Walter Menuet and Paul Dominique of Colliers International represented the landlord, Crow Holdings Industrial in the transaction. Wholesome Sweeteners is an organic and non-GMO food company founded in Sugar ... Read More »

Land Tejas Buys 1,039 Acres for Master Planned Community

HOUSTON – (Realty News Report) – Land Tejas, a Houston developer, has acquired 1,039 acres west of the Grand Parkway near Clay Road for a master planned community more than 3,000 homes. The first home sites will be delivered in 2021. CBA Land Capital is an equity partner in the land purchase. The property is north of I-10 in the ... Read More »

Griffin Partners Buys West Side Office Building

HOUSTON – (Realty News Report)– Griffin Partners acquired the Concourse at Westway, a Class B, 130,223-SF, value-add office building in West Belt submarket of Houston. The seller, EverWest Real Estate Investors, was represented by JLL’s Trent Agnew, Kevin McConn and Marty Hogan. Completed in 1999, Concourse at Westway consists of a two-story office on 11 acres at 4700 West Sam Houston ... Read More »

Exterran Property Sold — 301,000 SF to Calif. Investors

HOUSTON – (Realty News Report) – Redwood Property Investors III LLC, a California-based private investment fund, recently purchased the former Exterran Energy Solutions campus in northwest Houston at 12001 North Houston Rosslyn Road. The project has 301,127 SF of industrial warehouse,  manufacturing and office buildings on 32 acres of land. Clay Pritchett and Zane Carman, of NAI Partners represented Redwood Property ... Read More »

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