Thursday , 23 January 2020
Breaking News

Top Ten College Cities for Residential Investment

Sending a child to college can mean moving into a dorm. Or it can be a time to think about buying a house as an investment that can provide housing for a few years, until your son or daughter graduates. The Move Inc. organization has created a list of 10 cities that are promising spots for back to school investments. ... Read More »

Santikos Starts Construction on 22-Screen Movie Theater in West Houston

HOUSTON – Santikos Theatres will build a 22-screen movie theater on 20 acres the firm acquired in west Houston in the master-planned community of Long Meadow Farms, located along Highway 99, The Grand Parkway, at the intersection of West Bellfort.   Santikos, a San Antonio-based firm led by John Santikos, will name the theater the Palladium. The movie complex will be part ... Read More »

Apartment Trade Roundup

TRADE BRIEFS TUCSON,  Ariz. – The 410-unit Casa Bella, located at 175 West Valencia Road in Tucson, AZ. The 410-unit apartment community was sold for $9,100,000.  The Buyer was BH Properties of Los Angeles, CA. The transaction was negotiated by Art Wadlund of the Tucson office of Hendricks & Partners.  CHICAGO — Aspen Place Apartments, a 416-unit, value-add multi-housing community ... Read More »

Five Office Buildings Sold in Houston

HOUSTON – Peloton Capital  Partners purchased a five-building portfolio of offfice properties in West Houston. The portfolio totals 347,272 square feet and is 78 percent occupied overall.  The portfolio is comprised of: 1250 Wood Branch and 11931 Wickchester in Houston’s Energy Corridor submarket and 10200 Richmond and 2950 and 3030 South Gessner in Houston’s Westchase submarket. The HFF team representing ... Read More »

280-Unit Project Sold for $32,325,000

PHOENIX – Broadstone Canyon Crossroads, a 280-unit apartment project in Phoenix has been sold for $32,325,000. The Seller was Broadstone Canyon Crossroads, a Delaware limited liability company of Phoenix, AZ.  The Buyer was Baron Real Property Holdings LLC of Greenwood Village, Colo.  The transaction was negotiated by Mark Forrester and Ric Holway of the Phoenix office of Hendricks & Partners on behalf ... Read More »

Hines to Develop Office Tower in New York

NEW YORK – Hines, along with partner Pacolet Milliken Enterprises announced the development of an office tower on Avenue of the Americas overlooking Bryant Park. Designed by renowned architects Henry N. Cobb and Yvonne Szeto of Pei Cobb Freed & Partners, the planned 28-story, 450,000-rentable-square-foot tower will be built on property that Pacolet Milliken has owned since 1954. Houston-based Hines ... Read More »

Hines to Spend $1 Billion to Buy/Develop Office Buildings with NY Fund

HOUSTON – Hines has formed a  joint venture with New York State Common Retirement Fund (NYSCRF) to invest in more than $1 billion of office and medical office projects in the U.S.  The venture, called Hines Corporate Properties II (HCP II), capitalized with $500 million of equity, will develop, acquire, own and manage buildings primarily occupied by single-tenant users. Read More »

Multi-Family Wire

Transwestern handles the sale of 9o-unit Clear Lake Falls apartments on Highway 3 in Webster, Texas. AK Interests was the  buyer. Seller, Blue Valley Apartments, was represented by Ed Cummins of Transwestern. Read More »

Ralph Bivins Wins Award in NAREE’s Best Columnist Competition

Ralph Bivins Wins Award in NAREE’s Best Columnist Read More »

Sawyer Heights Village Sold

Sawyer Heights Village retail center, located just north of downtown Houston near The Heights neighborhood, has been sold for $35 million to a joint venture of Inland Western Real Estate Trust Inc. and RioCan Real Estate Investment Trust. The 107,000-sf center, developed by Property Commerce, is anchored by Staples and PetSmart. Read More »

Howard Hughes buys The Woodlands

The Woodlands, a 28,000-acre master-planned community north of Houston, is being sold. The Howard Hughes Corporation has entered into an agreement to acquire from Morgan Stanley Real Estate Investing its 57.5% legal interest, which equates to a 47.5% economic interest based on the parties’ financial arrangement, in The Woodlands for $117.5 million. In 2010, The Woodlands sold 789 residential lots ... Read More »

Gables Post Oak breaks ground

Gables Residential has broken ground on the 316-unit Gables Post Oak apartments in Houston, near Loop 610 and San Felipe at the SE corner of Post Oak Park and Post Oak Place, according to a report by Jennifer Dawson of the Houston Business Journal. Northwestern Mutual is JV partner with Gables, Dawson said. Read More »

Scroll To Top