Thursday , 27 February 2020
Breaking News

601 Sawyer trades

Hartman 601 Sawyer LLC, a subsidiary of Hartman Short Term Income Properties XIX Inc. has purchased 601 Sawyer from RM Crowe. The building is an 88,258 square foot, seven story office building located at the intersection of Lubbock St and Sawyer St. just off Memorial Drive, near downtown Houston. Darrell Betts, CCIM of Avison and Young represented the seller, RM ... Read More »

1301 Fannin

Jones Lang LaSalle has been selected by Urdang, the real estate specialist for BNY Mellon Asset Management, and Griffin Partners of Houston, to market 1301 Fannin, an office tower in downtown Houston. The Urdang Value Added Fund II acquired the property in 2007. The 25-story, 784,143-square-foot tower has 370,000 square feet of center space. The Jones Lang LaSalle team includes ... Read More »

Multiple office buildings for sale

Jennifer Dawson of the Houston Business Journal reports at least five buildings are up for sale in downtown Houston. Chevron is expected to pay $380 million for the 50-story, 1.25 million tower at 1400 Smith. Skanska is under contract to buy the Houston Club Building at 811 Rusk, Dawson reported, Other buildings in play include: the 1.7 million-sf Wells Fargo ... Read More »

CBRE named FORTUNE 500 / Anaheim apartments trade

CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the fourth straight year. CB Richard Ellis is the only commercial real estate services firm ever to be included in the FORTUNE 500. Read More »

New MedCenter Building

Houston is on the radar screen of real estate investors again., Nancy Sarnoff of the Houston Chronicle reports. Real Capital Analytics says commercial sales were up 44 percent in Houston last year. NEW BUILDING FOR HARRIS COUNTY HOSPITAL DISTRICT – Skanska USA was selected to provide construction management services for the new five-story, 167,807 square foot radiation therapy, diagnostics imaging ... Read More »

Lease Brief

Newfield Exploration leased 91,456 sf in the 4 Waterway Square building in The Woodlands, north of Houston. Mike Boehler and Lucian Bukowski of Jones Lang LaSalle represented Newfield and Dennis Conine represented landlord Woodlands Development.  Also in Houston, Colvill Office Properties will lease the 1200 Enclave building for owner Piedmont Office Realty Trust. Read More »

Lease Brief

Houston-based David Weekley Homes has entered the Indianapolis market with a merger with Estridge Homes of Indiana. Estridge’s owner Paul Estridge Jr. will be Indianapolis division president of David Weekley Homes. Read More »

Lease Brief

Cushman and Wakefield of Texas Inc.’s Houston office negotiated the following lease: 24,193 square feet of office space located in Wilcrest Green Office Building at 11111 Wilcrest in Houston. Joseph Peddie, James E. Foreman and Louis “Beau” Kaleel of C&W represented the tenant in the negotiations. Mike Martin of PM Realty Group represented the landlord. Read More »

New West Loop building/ Lease Brief

Redstone Real Estate. will develop a 20-story 380,000-sf office tower at 2200 Post Oak Boulevard, just north of Houston’s Galleria. BBVA Compass, the U.S. banking arm of Spain-based Banco Bilbao Vizcaya Argentaria SA, will occupy 150,000-sf. Read More »

Office portfolios trade at high prices

Jones Lang LaSalle announced its Capital Markets professionals have secured a $42 million senior mortgage loan for M-M Properties to finance 919 Milam in downtown Houston,. The debt is comprised of $35 million in initial funding and up to $7 million for tenant and capital improvements. Read More »

Chevron negotiating to purchase 1400 Smith

Chevron Corp. is negotiating to purchase the 1400 Smith tower in downtown Houston for a reported $380 million. The 50-story, 1.3 million-sf building will be listed for sale with HFF if Chevron does not purchase the tower, according to Real Estate Alert. The building, known as Four Allen Center, is currently owned by Brookfield Office Properties. Chevron leases Four Allen ... Read More »

Large residential purchase in League City

Isola Ventures has purchased the 35-acre Beacon Island residential development in the South Shore Harbour development in League City, Texas, near Houston. The high-end project was formerly known as Lighthouse Island. Chemplast L.L.C. has purchased a 174,923 sf manufacturing/distribution facility on 12.78 acres located at 1002 Texas Parkway in Stafford, southwest of Houston. Beau Kaleel and Jim Foreman with Cushman ... Read More »

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