Canadian REIT Buying Hess Tower for a Record Price in Houston
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,...
Category : Capital Markets
Apartment Update
HOUSTON — A significant number of new apartment projects are under construction in Houston’s Inner Loop area, which is the central city near downtown, the...
Houston Power Center Sold
HOUSTON – HFF has closed the sale of The Crossing at Fort Bend, a 116,064-square-foot retail power center in Sugar Land, Texas. HFF marketed the...
NBA Star David Robinson’s Admiral Fund Buys Stake in Houston Hotel
HOUSTON – The Admiral Capital Real Estate Fund LP announced the acquisition of a preferred equity interest in the Hilton Garden Inn Houston Energy Corridor...
Prediction: CRE to Improve in 2012
ANAHEIM, Calif. — A majority of the commercial real estate sectors are still experiencing rising absorption and little improvement in rents, according to Lawrence Yun,...
Apartment Briefs
ANAHEIM – Rental rates will rise about 3 percent annually over the next three years, predicted Lawrence Yun, chief economist of the National Association of...
MetLife Sells Stake in 71-story Wells Fargo Plaza
HOUSTON -MetLife has sold a 50% interest in the 71-story Wells Fargo Plaza in downtown Houston to New York State Common Retirement Fund. MetLife will retain...
Sixteen Self Storage Projects Sell for $357 Million
HOUSTON – HFF has closed the sale of a 16-property self storage portfolio in Connecticut, New York and Pennsylvania. HFF and Louis Perfetto, Esq. of...
Hines Sells Retail Center in Mexico
MEXICO CITY – The Mexico City office of Hines announced the sale of City Center Pitic to MexFund S.A.P.I, a Mexico-based real estate investment firm. ...
Office Sells for Record Price
NEW YORK — Brookfield Office Properties has sold the Newport Tower office building in Jersey City, NJ to Multi-Employer Property Trust for $377.5 million. It...