Realty News Report Covering Commercial and Residential News
Cushman and Wakefield negotiated the sale of 15 acres of commercial land at West Bellfort and West Sam Houston Parkway South to a group called 1920 Sam Houston Property, LLC. B. Kelley Parker, III; John F. Littman,; and Coe Parker of C&W represented the seller. S.E. Covington & Company represented the buyer. HFF arranged a $65 million refinancing for 5900 ... Read More »
Architecture firms are hiring again
Architecture firms are finally hiring again, thanks to a rise in multi-family construction. Architects have been hit hard by the recession and unemployment was high. Some sectors of the architecture business are still slow, but the firms that specialize in multi-family are coming back. For full story: CLICK HERE Read More »
16-property industrial portfolio trades
HFF has closed the sale of 11 industrial properties totaling 1.2 million square feet in Houston on behalf of Granite Properties. HFF represented the seller and procured the buyer, Cabot Properties. The properties are part of a larger 16-property industrial portfolio HFF marketed on behalf of Granite Properties in Houston and Dallas. The HFF investment sales team representing the seller, ... Read More »
Lease Brief
The London office of Hines, the international real estate firm, announced today that Hines Global REIT has acquired Stonecutter Court, a 153,000-sf office complex located on a full city block on Farringdon Street in London from Shalati Investments Limited. Read More »
Leasing Brief
Turkey Creek Crossing, LLC bought approximately a half-acre of land at N. Eldridge Parkway & Buffalo Bayou in Houston. David Cook and Jeff Peden of Cushman & Wakefield handled the sale. Read More »
Hines considers new CBD tower
SL Green Realty has contracted to sell 28 West 44th Street in Midtown Manhattan for $161 million, or $448 psf, to a joint venture of APF Properties and a Prudential Real Estate Investors managed fund. SL Green acquired the 359,000-sf, class B office building in 2005 for $105.5 million. McCann Realty Partners is constructing a 324-unit apartment project near the ... Read More »
4.2 acres purchased in Sugar Land
Sugar Land Physician Partners purchased 4.2 acres at the northwest corner of First Colony Boulevard and Highway 59 in Sugar Land, Texas. The seller, Sugar Land Properties, was represented by Planned Community Developers. Kolbe Curtice of Colliers International represented the buyer. Read More »
Lease Brief
Inland Real Estate Acquisitions bought the 97,011-square-foot Waxahachie Crossing shopping center in Waxahachie, Texas for approximately $15.5 million. The purchase of the property, located 28 miles south of Dallas, was facilitated by Mark Cosenza, vice president of Inland Real Estate Acquisitions. In Houston, Pollo Campero restaurant leased 30,000 sq. ft. on .69 acres at 702 West Bay Area Boulevard. Mark ... Read More »
Lease Brief
Schlumberger renewed a lease for 64 months for 155,324 SF at Schlumberger Building in the Katy Freeway West submarket. PRS’s Lisa Skelton represented the owner, Parkway Properties. Studley’s Mark Russell represented the tenant. CB Richard Ellis announced that Kenswick AirFreight & LogisticsCentre is now 100% leased. Read More »
Lease Brief
The London office of Hines, the international real estate firm, announced the start of construction of 280 High Holborn, a 67,000-sf office project in London. Designed by GMW, the distinctive eight-story building will contain also 3,000 square feet of retail space. Starplast USA, a manufacturer of high quality household plastic items, is based in New Jersey, and this expansion will ... Read More »
Multi-Family Wire
Conti Organization bought a 308-unit apartment complex at 3500 Red Bluff Road in Pasadena in the Houston area. The price was less than $19,000 per unit. In the last six months Conti has purchase 1,000 units in Houston and Dallas. The Austin American Statesman reports HPI Real Estate Services & Investments and Captex Development Co. are partnering to build 1,000 ... Read More »
D.C. office building is sold
Wells Real Estate Investment Trust II (Wells REIT II) has agreed to buy Market Square, a 679,710 square foot, class A office property located on Pennsylvania Avenue between the U.S. Capitol and the White House in downtown Washington D.C. The transaction is anticipated to close in early March. The seller is Beacon Capital Partners. Read More »
