Realty News Report Covering Commercial and Residential News
DALLAS – Clarion Partners acquired the One Victory Park, a 17-story, 436,253-SF office building located in the Victory Park district of downtown Dallas. HFF represented the seller – Hines and its partner, UST XVI, a German investment fund managed by Estein & Associates. The building, completed in October 2008, is 95 percent leased with Ernst & Young and Haynes and ... Read More »
Category Archives: Texas
Johnson Teams With Tricon to Buy 1,700-Acre Master Planned Community
McKINNEY, Texas – A partnership of The Johnson Development Corp. and Tricon Capital Group Inc. has purchased the McKinney, Texas master-planned community of Trinity Falls, the newest and largest master-planned development in Collin County near Dallas. Houston-based Johnson Development and Tricon purchased the 1,700-acre community from Castle Hill Partners, an Austin private investment firm. Upon full build-out, Trinity Falls will ... Read More »
Pelli Reveals Design of First San Antonio Skyscraper in 30 Years
SAN ANTONIO – Weston Urban, the San Antonio-based real estate development firm, has revealed the design for the Frost Tower, the first skyscraper to be built in San Antonio in almost 30 years. Designed by renowned architecture firm Pelli Clarke Pelli, the tower’s groundbreaking is planned for winter 2016 and construction is scheduled for completion in late 2018. The Frost ... Read More »
Houston Leads the Nation in Retail Construction, Marcus & Millichap Reports
Houston is leading the nation in shopping center construction, according to the Marcus & Millichap real estate firm. In its second quarter retail research report, the firm predicted 3.3 million square feet of retail space will be completed in the Houston area this year, more than any other market in the country. Job growth is rather puny, but at least ... Read More »
Transwestern Development Starting Micro-Unit Millennial Multifamily Project in Austin
AUSTIN – Transwestern Development Co. will break ground in June on the Indie Apartments, a micro-unit community at 1648 E. Sixth St. in Austin. Transwestern Development Co. will construct the 139-unit community with a 2,500-SF restaurant in East Sixth, a thriving entertainment district just east of downtown Austin. The 55,814-square-foot property will have 350-SF studio units and 520-SF, two-bedroom units. ... Read More »
Commercial Development Begins in Midway’s Memorial Green with Six Tenants Signed
HOUSTON – Midway, a Houston-based real estate development and investment firm, has signed six commercial tenants in Memorial Green, an upscale village of custom homes, shops and office space on Memorial Drive in west Houston. Memorial Green will feature 91 single-family luxury urban homes, a central green plaza and gated community parks, 50,000 square feet of Class-A office space with ... Read More »
Dallas’ Hot Market: The Q&A with Arch-Con’s Robert Martin
For nearly two decades, Arch-Con Construction, a Texas-based general contractor specializing in commercial design and construction services for real estate developers, building owners, architects, brokers and tenants has had a major presence in Houston. The company currently has some 100,000 square feet of office buildings, eight hotels, more than 2 million square feet of industrial buildings, 750,000 square feet of ... Read More »
Stream Realty Developing 108,000 SF of Retail Southeast of Houston in Pearland
PEARLAND, Texas – Stream Realty has broken ground on the Center at Pearland Parkway II, a 108,000-SF second phase of a power center in east Pearland. The 166,000-SF first-phase of the two-year-old center, located at the northwest quadrant of FM 518 and Pearland Parkway, is 95 percent leased. The Pearland Parkway has significant demographics and buying power, establishing it as ... Read More »
Magic Johnson Fund Sells Stake in Austin City Limits Theater and W Hotel
AUSTIN – A Magic Johnson investment fund has sold its stake in the W Austin Hotel and the Austin City Limits theater for $187.2 million. Austin-based Stratus Properties Inc. bought Canyon-Johnson Urban Fund II interest in the downtown Austin property. Stratus Properties announced Monday that it had completed a refinancing of the W Austin Hotel & Residences and Austin City ... Read More »
Q&A with Transwestern’s Chip Clarke: Making The Right Moves for 2016
It’s no secret that Houston has been adversely affected by the dramatic drop in the price of a barrel of oil. Where will energy prices go? How has it affected real estate? What other cities in America are doing well? To find out, Realty News Report talked with Chip Clarke, President Americas, at Transwestern and a 30-year veteran of the ... Read More »
Texas Realty Roundup
HOUSTON — i3 Interests and Atlas Real Estate Partners joined forces to purchase a 202,978-square-foot, three-building medical office property in Houston. Scott Carter of Transwestern represented the seller, Peakwood Professional Partnership. Texas Capital Bank provided the financing. The three buildings are located at 800 Peakwood, 810 Peakwood and 714 FM 1960. i3 is a Houston-based commercial real estate firm focused on acquiring and ... Read More »
Braun Enterprises Sells Austin Buildings
AUSTIN – Houston-based Braun Enterprises has sold a pair of Austin buildings – the Park Place II and III near US Highway 290 in south Austin. Nashville-based OakPoint Real Estate and Austin’ Haverwood Management purchased the buildings, a total of 68,000 SF of multi-tenant office space. CBRE Capital Markets’ Investment Properties handled the transaction. The Class B assets are 97 ... Read More »
