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Category Archives: Capital Markets

FedEx HQ in Plano Sold to Washington, D.C. Investor

DALLAS – The FedEx office headquarters at Legacy West in Plano, near Dallas, has been purchased by PRP Real Estate Investment Management of Washington, D.C. The seller, KDC Real Estate Developments & Investments, was represented by CBRE’s Gary Carr, John Alvarado, Eric Mackey, Evan Stone, Jared Chua and Robert Hill. Completed in 2015 by KDC, the four-story, 263,621-SF office building ... Read More »

Topped Off With Houston Center Deal, Office Building Sales Rebound in 2017

HOUSTON – (Realty News Report) – For folks who sell Houston office buildings for a living, Thanksgiving should be extra special this year. After a paltry $300 million in office building transactions in 2016, the annual sales total will be well into the multi-billions by the time the last deal closes in 2017. And there are still more closings on ... Read More »

Denver REIT Buys NW Houston Property for Sale-Leaseback

HOUSTON – JLL’s Capital Markets completed the sale and leaseback of a 133,480-SF industrial distribution facility at 7350 Langfield Road in northwest Houston. Denver-based Industrial Property Trust purchased the property. T&L Distributing, a flooring company will leaseback 100 percent of the property from IPT. The JLL team working on the transaction included Dustin Volz, Kevin McConn, Zane Marcell and Grant ... Read More »

With a 300 Percent Increase, Houston Ranks No. 4 in Investment Sales, Avison Young Reports

HOUSTON – (By Dale King, Realty News Report) – Investment sales at midyear were up 300 percent in Houston, which now ranks fourth in the nation in investment sales, according to a new Avison Young study. While the fall-out from low oil prices plagued the Houston market last year, and investors shied away because of uncertainty about the whether Houston ... Read More »

Investor Herd Prepares for Stampede into Houston

HOUSTON – (By Ralph Bivins) – Investor interest has been rekindled in Houston, after an oil price crash becalmed investment sales activity. Only a handful of Houston office buildings were sold in 2016 as vacancy rates soared and energy companies dumped loads of excess office space on to the sublease market. “There’s lots of interest in Houston by investors, lenders ... Read More »

The Comeback in Houston Real Estate Investment: Q&A with Robert Williamson of Midway

HOUSTON – As the price of oil plunged to the lowest level in years, investor interest in Houston plunged right along with it. By early 2016, oil had fallen below $30 a barrel, down from a high of $107 in the summer of 2014. A few vulture funds ventured forth during the free fall, seeking bargains in the world’s energy capital, but when these funds ... Read More »

14-Story Greenspoint Area Tower Acquired by Steve Moore Firm

HOUSTON – Austin Management Group, a Houston firm led by Steve Moore, has acquired the Northborough Tower, a 14-story office building at 100 Glenborough Drive in the Greenspoint area. The 206,533-SF building is currently vacant, although it is 99 percent leased until 2018 by Noble Energy. Transwestern’s Leah Gallagher, Michelle Wogan and Hale Umstattd represented seller. The building was formerly ... Read More »

Hines Global REIT Sells Komo Plaza for $276 Million

SEATTLE — Hines Global REIT sold the Komo Plaza data center building in downtown Seattle for $276 million. The deal represents a handsome return for the REIT, which bought the property in 2011 for $160 million. The buyer was GI TC Seattle, LLC, which is affiliated with the GI Partners investment organization in San Francisco. The six-story, multi-tenant complex consists ... Read More »

Q&A – Teresa Lowery of Colliers: The Highs and Lows of Today’s Multifamily Market

Houston’s multifamily market has seen better times. The sector’s pricing is weak, rent growth is close to disappearing and multifamily construction continues unabated. Free rent is being offered in some neighborhoods.  Can the situation get worse?  Or better? To find out where the multifamily investment market is headed, Realty News Report talked with Teresa Lowery, Senior Managing Director, multifamily, in the Houston ... Read More »

MetLife to Sell 50 Percent Stake in Austin Trophy Tower

AUSTIN – CBRE Capital Markets announces the opportunity to invest up to a 50 percent interest in a joint venture investing in 100 Congress, a 22-story trophy office tower in downtown Austin. The office tower has 411,536 rentable square feet and is 95 percent leased. MetLife Investment Management the institutional investment management business of MetLife, Inc., has selected CBRE to ... Read More »

Capital Markets Shift: Apartment Investing Hits Record; Now Rivals Office

(By Dale King) HOUSTON  – Sales of multifamily dwellings soared across the nation in 2015, as did the total number of dollars invested in apartment units, according to national figures provided by JLL Multifamily Capital Markets. The firm says investors poured almost $139 billion into multifamily product, trumping 2014’s record-setting $106 billion by a whopping 31 percent.  A global provider of ... Read More »

Odom: Nation’s Biggest Industrial Project Tops Houston Realty Activity

HOUSTON – Houston’s commercial real estate market will have its ups and downs in 2016, but the city has something to boast about – namely, the largest industrial construction project in the nation, says Trey Odom, CEO of Avera Cos. With 4 million square feet under roof, the $420 million Daikin Industries HVAC manufacturing plant under construction in northwest Houston ... Read More »

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