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Hines Breaks Ground on Denver Office Project

DENVER — Hines has broken ground on a 186,000-sf office project in the Interlocken Business Park in Bloomfield, Colo. in suburban Denver. Houston-based Hines is building the project on a spec basis, based on “the belief that the environmentally sustainable building will satisfy strong current demand from tenants seeking to improve energy efficiency as well as their image of corporate ... Read More »

Multi-Family Wrap

HOUSTON – Post Investment Group has purchased the 700-unit Palms on Westheimer apartment project at 6425 Westheimer. Maury Bronstein and David Malev of Situs Asset Solutions represented  New York-based Petra Capital Management in the sale.  The project covers 18 acres at the intersection of Westheimer and Briarhurst Drive.                                                                            — SAN ANTONIO – Leon Capital Group has purchased the 264-unit ... Read More »

LaSalle Investment Enters JV With Midway in City Centre

HOUSTON –  LaSalle Investment Management, Inc. and Midway Cos. have formed a joint venture for the City Centre II and City Centre III mixed-use buildings in west Houston near the Katy Freeway and Beltway 8. CityCentre II is comprised of 128,499 square feet of office space plus 21,328 square feet of ground floor retail space.  The six-story property, which was ... Read More »

Houston Housing Market in Recovery

HOUSTON — The Houston housing market has been posting some impressive results, a signal that a recovery is underway. Home sales were up 17 percent in July. Home prices hit a record high this summer. And the inventory of homes for sale is about 10 percent smaller than last year. “We are in the early part of a recovery,” says ... Read More »

David Weekley Homes Assumes Control of Phoenix Home Builder T.W. Lewis

PHOENIX — David Weekley Homes of Houston has taken over the T.W. Lewis building firm on Phoenix and will begin building there under the name the “T.W. Lewis Collection built by David Weekley Homes.” Weekley purchased the remaining lots of T.W. Lewis and in a cash and options transaction. Lewis, a luxury home builder, has 35 employees, according to the Big Builder publication, ... Read More »

Eagle Ford Shale Drilling Prompts Mixed-Use Project

KENEDY, Texas – The Eagle Ford shale gas exploration play south of San Antonio has prompted Abrego Development to start Kenedy Station, a 166-acre mixed-use project. The drilling boom in the vast Eagle Ford Shale area has created a shortage of housing and retail services for thousands of workers that have come to South Texas to work in the energy ... Read More »

Houston Club Building Sold to Skanska

HOUSTON – The Houston Club Building, an 18-story office tower in downtown Houston, has been purchased by Skanska USA from Wells Fargo Bank. The 350,000-sf building, 811 Rusk, is expected to be demolished to make way for new construction. The Houston Club, a social organization established in 1894, announced it relocate to another location. Nancy Sarnoff of the Houston Chronicle and Jennifer Dawson ... Read More »

WhiteHat Security Opens New Threat Research Center In Houston

HOUSTON –  WhiteHat Security, the Web security company,  leased 7,257 sf of office space in Houston in the  Decorative Center Houston building  at 5120 Woodway. The WhiteHat’s Threat Research is a key component of the company’s flagship WhiteHat Sentinel service that helps enterprises improve their computer security and avoid hacker attacks.  Coy Davidson, Senior Vice President in the Houston office of Colliers ... Read More »

Crow Buys San Antonio Mixed-Use Project

SAN ANTONIO – Crow Holdings Capital Partners San Antonio’s first urban main street development, Quarry Village, for an undisclosed amount.  The  10.7-acre, mixed-use property includes The Artessa, a 280-unit luxury apartment community, and a 70,785-square-foot retail development. The seller, Embrey Partners of San Antonio and equity partner, Nationwide Insurance, was represented by Craig LaFollette of Holliday Fenoglio Fowler.  At the time ... Read More »

Community Bancorp Leases Space in Williams Tower

HOUSTON – Community Bancorp, LLC,  has signed a long-term lease at Williams Tower for 30,064 square feet.  The bank holding company will move into the building in the fourth quarter of this year, occupying 23,090 square feet on level 38 (full floor) and 6,974 square feet of retail space in the building’s lobby. CBC was represented in lease negotiations by ... Read More »

Multi-Family Deal Report

Apartment Briefs HOUSTON – Jamie Mullin and Brandon Brown of LMI Capital arranged $38 million in financing for nine apartment communities totaling 2,364 units throughout the Houston region. The nine properties are: Applewood Townhomes Bellestone Villas, Colony Oaks, Indigo Falls, Madison Bear Creek, Palm Bluffs, Trails of Woodlake, Water Mill and Westheimer Terrace  FLORHAM PARK, NJ – HFF  has arranged a construction ... Read More »

L and B Realty Buys Dallas Office Project

DALLAS – L & B Realty Advisors, a Dallas-based pension fund advisor has acquiredLegacy Place 1 and II, a two-building, 299,005-square-foot complex is located within Legacy Business Park at the southeast corner of the Dallas North Tollway and Tennyson Parkway, in the Far North Dallas submarket. The sellers, JP Morgan Asset Management, was represented by Jones Lang LaSalle. The price was ... Read More »

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