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Category Archives: Office

Westchase Office Tower Refinanced as COVID-19 Hangs Over Houston Market

HOUSTON – (Realty News Report) – Two CityWest Place, a 20-story Class AA office property in Westchase has been refinanced. The 443,549-SF building located on the west side of Beltway 8 is owned by Parkway Property Investments. JLL worked on behalf of the Parkway to secure the five-year, floating-rate loan. Regions Bank led the loan and syndicated half with Citizens ... Read More »

Energy Firm Signs Major Office Lease in The Woodlands

THE WOODLANDS – (Realty News Report)- Western Midstream Partners leased 133,948-SF —  the top five floors of 9950 Woodloch Forest Drive, a prime office building in The Woodlands that had been occupied by Occidental Petroleum and Anadarko Petroleum. The 31-story tower is one of two premier Class AAA office towers and recently rebranded The Woodlands Towers at The Waterway. As ... Read More »

Belvoir Real Estate Group Acquires Houston Office Building

HOUSTON – (Realty News Report) – Belvoir Real Estate Group LLC has acquired 7660 Woodway Drive, a 110,529-SF office building located at the intersection of San Felipe Street and Voss Road in Houston’s Memorial Villages neighborhood. Belvoir’s acquisition team was led by Managing Director Matthew Goldsby and Senior Financial Analyst Bradley Smith. “7660 Woodway was already a great asset at ... Read More »

Entrada Partners Acquires Office Building

SAN ANTONIO – (Realty News Report) – Entrada Partners acquired Travis Park Plaza, a 151,736 SF Class A office building in downtown San Antonio. Built in 1970, the seven-story, granite-clad building and adjacent six-story parking garage takes up nearly a full city block at 711 Navarro Street. “San Antonio’s low costs of living and doing business has resulted in extremely ... Read More »

Radom Capital Receives $104.75M in Financing for Montrose Mixed-Use Project

HOUSTON – (Realty News Report) – Radom Capital has received $104,750,000 in financing for the Montrose Collective, a mixed-use project under development near the intersection of Montrose Boulevard and Westheimer. JLL worked on behalf of the borrower, Radom Capital, to secure the construction loan with Bank OZK and joint venture equity from institutional investors advised by J.P. Morgan Asset Management. ... Read More »

Timber-Framed Building in Denver’s RiNo District Underway by Hines and Partners

DENVER – (Realty News Report) – Hines, with development partners McCaffrey and Ivanhoe Cambridge, broken ground on a six-story, 240,000-SF creative office building constructed with heavy-timber framing. The building, branded T3 (Timber, Transit and Technology), will be located in the RiNo (River North Arts District) near downtown. The use of heavy-timber is considered sustainable partly because trees absorb carbon dioxide ... Read More »

Approaching Build-Out: Nine-Story Spec Tower Underway at Memorial City

HOUSTON – (Realty News Report) – Nearing built-out status, MetroNational has broken ground on a nine-story, 190,000-SF spec office tower in Memorial City, a 265-acre mixed-use project in West Houston. “The new office tower will mark the completion of a 2.7-million square-foot campus in Memorial City,” said Jason Johnson, President of MetroNational. “Over the span of a decade, MetroNational has ... Read More »

Backfilling a Class AAA Office Tower

THE WOODLANDS – (By Ralph Bivins, Editor of Realty News Report) – A 30-story office tower located 30 miles north of downtown Houston goes vacant. The analysis template prompts the knee-jerk responses: crisis alert – punch the red emergency button.   While it’s true that the overall view of the Houston office market shows softness (20 percent vacancy, give or take). And it’s ... Read More »

Construction Underway on 440,000-SF Office Project on the North Side of Houston

HOUSTON – (Realty News Report) – A joint venture of Patrinely Group, USAA Real Estate and CDC Houston, announced the start of construction on a two-building campus for the offices of Hewlett Packard Enterprise, north of Houston. Scheduled for completion in spring 2022, the Hewlett Packard Enterprise development will consist of two 5-story buildings located at the southwest corner of ... Read More »

B&Z Breaks Ground on Austin Office Building

AUSTIN – (Realty News Report) – B&Z Development have broken ground on a five-story, 120,000-SF spec office development, located a few blocks southwest of the Texas Capitol of the western edge of downtown Austin. CBRE has secured $72 million in loan and equity capital for the development of the building, which is called 701 Rio. Mike Landon and Griffin Papaila with CBRE’s Debt & ... Read More »

ULI Houston 2020 Development of Distinction Winners Build with Community in Mind

HOUSTON – (Realty News Report) – Based on the award-winning projects recognized by Urban Land Institute Houston’s 2020 Development of Distinction, building community is as much as part of why they’re notable as the build-outs themselves. In its own way, each project “enhanced and supported” the community near and beyond its location, said David Kim, ULI Houston executive director. “People ... Read More »

Houston Office Building Sold to Investment Fund

HOUSTON – (Realty News Report) – Madison Marquette has sold a six-story Greenway Plaza area office building to a Griffin Partners fund. JLL Capital Markets marketed the 136,700-SF boutique office building, 2900 Weslayan, on behalf of Madison Marquette. The building is located on a 2.8-acre site at the corner of Weslayan and West Alabama, in the Inner Loop of Houston, ... Read More »

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