Saturday , 25 January 2020
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The New 200 Park Place Office Tower Tops Out on Westheimer Road Site

HOUSTON – (Realty News Report) – A 15-story office building on Westheimer Road in Houston’s Inner Loop has “topped out” with a ceremony to celebrate the progress of construction. Stonelake Capital Partners, a real estate private equity firm with offices in Houston, Dallas and Austin, is developing the 210,000-SF Class AA tower. The building, 4200 Westheimer Road at Mid Lane, is ... Read More »

Sold: The Mix, a Full-Block Development in Midtown Houston

HOUSTON – (Realty News Report)  – The Mix @ Midtown, a 73,000-SF retail property that is housed on an entire city block in Houston’s Midtown neighborhood has been sold. JLL marketed the property on behalf of the seller, Crosspoint Properties, who developed the property in 2008. Fifth Corner, in a joint venture with Pointer Real Estate Partners, purchased the asset. ... Read More »

Twenty-Six Industrial Buildings Under Construction in Fort Bend Market, Colliers Reports

HOUSTON – (Realty News Report) – Colliers International reports 26 industrial buildings are under construction in Fort Bend County on the southwest side of the Houston area. In recent years, a number of large distribution projects have been constructed near Highway 90 and the Sam Houston Parkway, Beltway 8 area in Fort Bend County. Colliers reported 668,000 SF of industrial ... Read More »

Tilman Ferittta’s New Neighbor: Merus Grill Rolls Out in Uptown Houston

HOUSTON – (Realty News Report) – Merus Grill, a new restaurant by the upscale J. Alexander’s Holdings organization is opening in the Uptown Park center in the Galleria area. The 200-seat, 7,900-SF restaurant will open Nov. 18, serving steaks, chops, seafood and a lunch menu. “All of our steaks will be cut in-house,” said Mark A. Parkey, President and Chief ... Read More »

Tilman Fertitta Closes on Purchase of Del Frisco’s Steakhouse Chain

HOUSTON – (Realty News Report) – Houstonian Tilman J. Fertitta announced that Landry’s, Inc. has closed on the acquisition of Del Frisco’s Double Eagle Steakhouses and the Del Frisco’s Grilles. The seller is L Catterton, the largest and most global consumer-focused private equity firm.  The Wall Street Journal said the price was between $300 million and $325 million. Del Frisco’s is ... Read More »

Midway Tees Up New Office Building Project in CItyCentre

HOUSTON – (Realty News Report) – Midway Companies has moved the proposed CityCentre Six office tower to the forefront of its construction plans for its CityCentre mixed-use development in west Houson. The 16-story CityCentre Six project is the logical progression for the mixed-use development, which began when Midway bought the old Town & Country Mall there in 2004. Town & ... Read More »

Regent Square Groundbreaking: 600 Apartments and 50,000 SF of Retail

HOUSTON – (Realty News Report) – GID Development Group has broken ground on 50,000 SF of retail with 600 multifamily units in the Inner Loop of Houston. It’s Phase 2 of Regent Square, a mixed-use development near the intersection of West Dallas and Dunlavy streets, just south of Buffalo Bayou Park. Arch-Con Corp. is serving as the general contractor and JLL is ... Read More »

Real Estate Briefs: Houston, Austin, Dallas and San Antonio

HOUSTON – (Realty News Report) – 2Ml Real Estate Interests, Inc. has purchased a 31,285 SF strip center at 10850 – 70880 Louetta Road, across from an H-E-B Supermarket in northeast Houston. Matthew Berry and Robbie Kilcrease with CBRE Houston represented the seller, Watumull Vintage, LLC. ……………………………………………. Cricket Wireless USA, LLC has executed a six-year lease for 20,428 SF at 14615 Beechnut ... Read More »

A New Trend: The Ground-Sale Leaseback is Sweeping the Country

SOUTHLAKE, Texas – (Realty News Report) – A new Westin hotel will be built in North Texas, demonstrating a new trend – the ground-sale leaseback, CBRE reports. The ground-sale leaseback structure is quickly gaining popularity because it lowers equity requirements for developers and hoteliers. SRH Hospitality, led by Jerry Crenshaw, is developing the 261-room Westin Southlake near Highway 114 and ... Read More »

Tampa Firm Buys Two Multifamily Projects in Houston

HOUSTON – (Realty News Report)– American Landmark Apartments has acquired the 234-unit Newport on the Lake and 250-unit Harbor View Apartments in Houston. The properties will undergo a combined $5.9 million capital improvements program and be renamed Lakefront Villas and The JaXon, respectively. The acquisitions raise Tampa-based American Landmark’s portfolio of properties in Texas to 38, with 14 properties in ... Read More »

Austin Firm Buys Energy Corridor Project

HOUSTON – (Realty News Report) – F&B Capital has acquired Alexan Enclave, a 354-unit apartment community located in West Houston’s Energy Corridor. JLL marketed the property on behalf of the seller, Trammell Crow Residential and Cigna Investment Management. F&B Capital, an Austin-based real estate investment firm, purchased the project free and clear of existing financing. Additionally, JLL worked on behalf ... Read More »

Houston has 51 Million Square Feet of Vacant Office Space – Can It Ever Be Filled?

HOUSTON – (Realty News Report) – Houston has 51.1 million SF of vacant office space, according to a third quarter report by NAI Partners. The city’s office vacancy problem was amassed following an energy industry downturn and layoffs in the energy workforce. Houston, which has a total of 236 million square feet of existing office space, has a 21.6 percent ... Read More »

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