Saturday , 25 January 2020
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KKR in JV with Hines to Develop $900 Million Houston Business Park

HOUSTON – Hines has formed a joint venture with KKR & Co., the private equity firm founded by Henry Kravis and George Roberts, to develop the Pinto Business Park, a 971-acre project located at the southwest corner of Beltway 8 and Interstate 45 in Houston. The business park is owned by Pinto Development Realty Inc. At build-out, Pinto Business Park is ... Read More »

Tamlyn Brokers Sale of Northline Retail in Houston

HOUSTON –Northline Commons, a 478,584-sf retail power center in Houston, has been sold, according to HFF. Northline Commons is a redevelopment of the Northline Mall that was originally built in the 1960s. Completed in 2009, the new center is 86 percent leased and anchored by Marshalls, Ross Dress for Less, Burlington Coat Factory, Conn’s and Palais Royal. The property is ... Read More »

Thomas Properties and CalSTRS Buy 3 Million-SF Austin Portfolio

AUSTIN – Thomas Properties Group and California State Teachers’ Retirement System (CalSTRS) have jointly acquired an eight-building, 3 million-sf portfolio of office properties in downtown and suburban Austin. The Austin portfolio includes five downtown Austin properties known as Frost Bank Tower, 300 West 6th Street, One American Center, San Jacinto Center and One Congress Plaza, as well as three suburban ... Read More »

Behringer Harvard Starts Office Tower in Houston with Samsung Pre-Lease

HOUSTON –Behringer Harvard REIT I will develop a 12-story office tower in Houston’s Westchase District. The 332,000-sf building, Two BriarLake Plaza,  will be constructed  on a 1.5-acre site at the corner of W. Sam Houston Parkway and Briar Forest Drive. Half the space  has been  preleased to Samsung Engineering America for its North  American headquarters. Samsung Engineering America Inc. was represented in ... Read More »

Houston Home Sales Hit 5-Year High

By Ralph Bivins August was the best month for Houston home sales in five years and inventory dropped to a 10-year low, the Houston Association of Realtors reported. Low mortgage rates and a strong local economy combined to lift the real estate market. The Realtors association reported 6,600 single-family homes were sold in August, the highest monthly sales total since ... Read More »

CBRE to Market Galleria Building In Houston

Houston — CBRE has been retained by Pearlmark Real Estate Partners, Easton, Cobb, and Perez as the exclusive marketing advisor for the acquisition opportunity of 1800 West Loop South, a 21-story, 400,000-sf office tower in the Galleria submarket near San Felipe Road. The building, which is 89 percent leased, is expected to fetch around $75 million, according to Real Estate ... Read More »

Apartment Land Prices Double in Texas

HOUSTON – Apartment developers are paying higher prices to acquire sites for new projects. Prices for multi-family development sites in major Texas markets, such as Houston, Dallas and Austin, have doubled since the beginning of 2010, according to Deal Sikes & Associates, a Houston-based commercial real estate valuation firm. Since vacant land is a rarity in these popular infill locations, ... Read More »

Beacon Buys 3 Buildings in Houston’s Energy Corridor

HOUSTON – Beacon Investment Properties purchased a three-building office portfolio totaling 566,308 square feet in Houston’s Energy Corridor. HFF marketed the property on behalf of sellers Falcon Southwest and CarVal Investors. The portfolio consists of three “best of class” Class B, multi-tenant office buildings located in Houston’s Energy Corridor at the intersection of Interstate 10 and Dairy Ashford Road across ... Read More »

Texas Assn. of Realtors Head Shad Bogany Merges with Better Homes & Gardens Firm

HOUSTON – ERA Bogany Properties, a  Houston-area firm led by Shad Bogany, the chairman elect of the Texas Association of Realtors, is merging with the Better Homes and Gardens Real Estate Gary Greene company. Shad Bogany has led ERA Bogany Properties to be the top ERA broker in Houston and one of the top ERA franchises in the country. Shad ... Read More »

1 Million SF Portfolio Sold in Houston

HOUSTON– Mayfield Properties purchased a 1 million-sf industrial portfolio in Houston. The seller was DCT Industrial Trust Inc. The  13-property portfolio is 98 percent occupied by 46 tenants. The properties are:  Corporate IV      12603, 12613 Executive; 79,252 sf; Stafford Julie Rivers at 505, 525 Julie Rivers Rd. and 12505      Reed Rd.; 219,703 sf; Sugar Land Greenbriar at 4000 ... Read More »

Houston Home Sale Surge Continues in July: No End in Sight to the Run

By Ralph Bivins Houston home sales increased 27 percent in July, the 14th month in a row that sales have been up, according to the Houston Association of Realtors. The momentum in the market, driven by solid job growth, is showing no signs of tapering off later in 2012. The inventory of homes for sale is dropping sharply. The Houston Association ... Read More »

Steve Jaggard Closing Doors of Vantex Realty Firm

HOUSTON – – Vantex Commercial Property Group, formerly Vantage Houston, is closing its Houston operation this fall, according to company president and CEO, Steve Jaggard, who has been active in Texas real estate for many years. Vantex and its predecessor, Vantage Houston, was one of the largest industrial development groups in the Houston market. Vantex has developed over 5 million square ... Read More »

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