BREAKING NEWS

The Ralph Bivins Project: Podcast Guest Alex Kamkar

Chevron Phillips Chemical Sells Office Building

RNR Real Estate Briefs — Texas & more

Houston Home Sales Heat Up in June

The Ralph Bivins Project: Podcast Guest Brad McWhirter

New Stores Surge Into Houston

REALTY NEWS REPORT - Logo

Downtown Houston
RNR-RalphBivinsProject-Interviews
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Canadian REIT Buying Hess Tower for a Record Price in Houston

by Realty News ReportNovember 30, 2011
Share0

HOUSTON — Hess Tower, a new 29-story building in downtown Houston, is reportedly being sold to H and R REIT, a Canadian-based real estate investor, for a record $445 million.

The deal, if completed as planned, would amount to a sales price of $527 per square foot for the 845,000 sf tower, according to Real Estate Alert newsletter, a respected industry publication.

CB Richard Ellis has been marketing the tower, 1501 McKinney across from the Discovery Green park.  Hess leases the entire building and moved into it in June.

The Hess sale would surpass the previous record high price of $367 per sf which was paid for Bank of America Center.

The Hess building was developed by Trammell Crow in conjunction with Principal Real Estate Investors.

Share0
previous post
Houston Briefs
next post
SL Green Buys Grand Central Tower

Related posts

The Ralph Bivins Project: Podcast Guest Alex Kamkar

Realty News ReportJuly 14, 2025

Chevron Phillips Chemical Sells Office Building

Realty News ReportJuly 14, 2025

RNR Real Estate Briefs — Texas & more

Realty News ReportJuly 12, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

CommGate
new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
RNR Ad 030124
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
230725-RNR_Digital-Ad_Red
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact