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Category Archives: Texas

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 »

The Timetable for Full Recovery of the Houston Office Market

HOUSTON – (Realty News Report) – The timetable for full recovery of Houston’s office market is uncertain. Energy firms, which have traditionally gobbled up Houston office space aren’t in expansion mode.. Some are saying the office sector won’t solid again until after 2030 – or perhaps even a dozen years from now. “We have roughly a 12-year supply of office ... Read More »

OXY Sells Office Buildings in The Woodlands and Energy Corridor for $565 Million

THE WOODLANDS – (Realty News Report) – The Howard Hughes Corp. has acquired the two former Anadarko office towers in The Woodlands, along with a 63-acre corporate campus in the Energy Corridor, in a $565 million transaction with Occidental Petroleum. The huge real estate deal follows Occidental’s $55 billion purchase of Anadarko Petroleum Corp. last August. Subsequently, Occidental announced it ... Read More »

The Nation’s Biggest Rail- and Barge-Served Industrial Park Just Got Bigger, Reports Avera

BAYTOWN, Texas – (Realty News Report) – Avera is proceeding with construction of Cedar Port Logistics, a 644,000-SF industrial project in Cedar Port Industrial Park which is the largest master-planned rail and barge-served industrial park in the United States. Avera is tilting up concrete wall panels at the building, which is situated on 40.8 acres within the 15,000-acre Cedar Port ... Read More »

Crescent Adding Luxe Brownstones to Ritz-Carlton Development

DALLAS – (Realty News Report) – Crescent Real Estate is finishing up its Tower Residences at the Ritz-Carlton development with four upscale brownstone-style dwellings priced at $5.5 million to $6.5 million. The homes, designed by architect Robert A.M. Stern, will be constructed by Dallas builder Platinum Homes, a firm led by Mark Molthan. Kyle Crews of Allie Beth Allman & ... Read More »

Lessons Learned: Fountain Place in Downtown Dallas

DALLAS – After more than three decades, an iconic building in Dallas is reinventing itself — and its success could have valuable lessons for commercial property owners and developers throughout Texas. Atlanta-based owner Goddard Investment Group is spending $70 million to renovate the 60-story Fountain Place, a signature part of the city’s skyline with its green glass “rocket” design. Originally known as Allied Bank Tower, the 1.2 million-square-foot ... Read More »

New Redfin Mortgage Firm Will Be Based In Dallas; Initially Focused On Texas Triangle Home Loans

DALLAS – Redfin, a Seattle-based residential brokerage firm, has formed Redfin Mortgage, which will be based in Dallas. Redfin Mortgage will begin issuing loans in the first half of 2017, initially serving customers in Houston, Austin, Dallas, and San Antonio before entering other markets. Redfin Mortgage, led by former BBVA mortgage banker Jason Bateman, will initially focus only on customers ... Read More »

Fidelis Buys 641,000-SF Retail Center in North Texas

DENTON, Texas – Fidelis Realty Partners of Houston has acquired for Rayzor Ranch Marketplace, a 641,000-SF fully-leased retail power center in the Dallas-Fort Worth-area community of Denton. Holliday Fenoglio Fowler arranged $32.53 million in acquisition financing for Fidelis, a retail-focused firm, led by Alan Hassenflu. HFF, led by Jim Curtin, worked on behalf of Fidelis Realty Partners, to place the 10-year, ... Read More »

Transwestern: 500,000-SF Town Center Planned in Fort Worth

FORT WORTH – De La Vega Group bought 90 acres in the Presidio North project for a 500,000-SF retail, restaurant, entertainment and hotel space. The seller was Diversified Real Estate Group of Las Vegas. Steve Williamson of Transwestern handled the sale. The new project, called The Citadel, located on Interstate 35 West at Heritage Trace Parkway. Oct. 7, 2016 Realty ... Read More »

Gaedeke Buys Dallas Office Tower

DALLAS – Gaedeke Holdings XIV of Dallas has acquired 17Seventeen, a 19-story office tower in the Uptown/Turtle Creek market near downtown Dallas. The 369,000-SF tower, which opened in 2010, fetched a sales price over $500 per SF. The seller was a  joint venture between Granite Properties Inc. and MetLife. The office tower, 1717 McKinney Ave., is near the popular Klyde ... Read More »

Travis County Seeking Developer Proposals for Prime City Block in Downtown Austin

AUSTIN – The Travis County government in Austin, represented by CBRE, is soliciting development proposals for a full block in downtown Austin. The site, at 308 Guadalupe Street, is bounded by Third and Fourth Streets to the south and north, and Guadalupe and San Antonio Streets to the east and west. The block is catty-cornered from the W Hotel and ... Read More »

Texas Attracting Huge Numbers of International Homebuyers

(By Dale King)  International purchasers of homes in the United States added more than $10 billion to the Texas economy from April 2015 to March 2016, says a report prepared by the Texas Association of Realtors. Commenting on the findings, a major real estate firm in Houston said the reasons given by foreign buyers acquiring homes in the U.S. generally ... Read More »

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