Layoffs to Hit Houston Energy Industry as the City Braces for a Fall from Job-Growth Leadership Position
HOUSTON – Layoffs will hit Houston’s energy industry in 2015 as lower oil prices dampen the economy in Houston, which is known as the Energy...
Category : Breaking News
Oil Price Crash Will Cause a 10 to 12 Percent Drop in Home Sales in 2015, Houston Association of Realtors Says
HOUSTON – Houston Association of Realtors is predicting a 10 to 12 percent decline in home sales in 2015 because falling oil prices will hurt...
900-Unit Portfolio of Houston Apartments Sold
HOUSTON – A 900-unit portfolio of four apartment projects in Houston has been sold. Southwest Multifamily Partners, a commingled fund jointly led by Los Angeles-based...
AEW/Hines Building Industrial Building at Recently Acquired Business Park Near Dallas Airport
DALLAS – Hines, the Houston-based real estate firm, in conjunction with AEW Capital Management, announced the acquisition of Parc 114, a 52-acre master planned business...
Tower in Downtown Houston Draws Record Price
HOUSTON – LaSalle Investment has agreed to pay $450 million for the 1000 Main building in downtown Houston – a price that will be the...
Fein Goes Double-Down with Second Apartment Project Next to new Exxon Mobil Campus
HOUSTON — Fein, a Houston-based multifamily firm founded by Martin Fein, is starting its second apartment development in Springwoods Village where the Exxon Mobil’s massive...
Patrinely/USAA Developing Westchase Apartment Project
HOUSTON – Crimson Real Estate Fund and USAA Real Estate Co. have announced plans to develop a 266-unit apartment project in in the Westchase submarket...
Griffin/Clarion JV Buys Tower in Downtown San Antonio
SAN ANTONIO – A joint venture of Griffin Partners and Clarion Partners has purchased Bank of America Plaza, a 28-story, 533,465-square-foot office building in downtown San...
Falling Oil Prices Prompt Downgrade of Cousins Stock
ATLANTA – A pair of REIT analysts have downgraded the stock of Cousins Properties because of concerns about the impact of falling oil prices on...
Neiman Marcus to Anchor New Simon/Cassco Center in Fort Worth
FORT WORTH – Neiman Marcus will be the anchor tenant for a new 500,000-square-foot retail center that will be developed in Fort Worth by the...