Canadian REIT Buying Hess Tower for a Record Price in Houston
HOUSTON — Hess Tower, a new 29-story building in downtown Houston, is reportedly being sold to H and R REIT, a Canadian-based real estate investor,
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Houston Briefs
Houston – Colliers International notes Saroj Kirby, LLC has purchased a 20,750 sf medical office building at 1325 LaConcha Lane, near the Texas Medical Center.
Apartment Update
HOUSTON — A significant number of new apartment projects are under construction in Houston’s Inner Loop area, which is the central city near downtown, the
National Real Estate Recovery: A Gradual Reality
By Ralph Bivins ANAHEIM, Calif. — The nation’s residential realty market is improving, but it may be two or three years or so until the
Houston Power Center Sold
HOUSTON – HFF has closed the sale of The Crossing at Fort Bend, a 116,064-square-foot retail power center in Sugar Land, Texas. HFF marketed the
Apartment Briefs
HOUSTON – Greystar, has purchased a 6-acre tract near the Galleria in Houston for future development. Greystar bought the land, located at 3315 Barrington at
Forty-Two Story Museum Tower Topped Out
DALLAS — The developers of Museum Tower residential project announced that the building’s construction has reached the 42nd floor. With construction rapidly progressing toward a completion
Houston Home Sales Continue Major Upward Swing
By Ralph Bivins HOUSTON – Houston’s existing home sales rose 9.1 percent in October compared to a year ago, extending a string of strong sales
NBA Star David Robinson’s Admiral Fund Buys Stake in Houston Hotel
HOUSTON – The Admiral Capital Real Estate Fund LP announced the acquisition of a preferred equity interest in the Hilton Garden Inn Houston Energy Corridor
Prediction: CRE to Improve in 2012
ANAHEIM, Calif. — A majority of the commercial real estate sectors are still experiencing rising absorption and little improvement in rents, according to Lawrence Yun,