Sunday , 8 December 2019
Breaking News

Tag Archives: 1000 Main

Dateline Houston: When Oil Dropped Below $50, Some Investors High-Tailed-It Out of Town; But German Investor Martin Bruhl Bought a $440 Million Tower on Main Street

HOUSTON – A compelling investment story can be told in Energy Capital of the World, even with oil at $50 a barrel, says Martin Brühl, the German investment manager who just engineered one of the biggest deals in Houston’s real estate history. Brühl says Union Investment is not stopping with the Houston trophy. It is looking for more investments in ... Read More »

German Investor Finalizes Its Purchase of 1000 Main Tower in Houston for $440M

HOUSTON – Germany-based Union Investment announced it has finalized the purchase of the 36-story 1000 Main office tower in downtown Houston for approximately $440 million or about $525 per square foot, in one of the biggest Houston realty deals ever. “We are delighted to add this well positioned property with strong prospects for stable long-term income and rent growth to ... Read More »

Metzler to Pay $435 Million for 1000 Main Building

HOUSTON – Metzler Real Estate has agreed to pay $435 million, or $520 per square foot, for the 36-story 1000 Main Tower in downtown Houston, after the first buyer withdrew from the deal late last year in the wake of falling oil prices, according to Real Estate Alert. Seattle-based Metzler is working with a German investor, Union Investment Real Estate ... Read More »

Tower in Downtown Houston Draws Record Price

HOUSTON – LaSalle Investment has agreed to pay $450 million for the 1000 Main building in downtown Houston – a price that will be the highest ever paid in Houston, according to the Real Estate Alert newsletter. LaSalle’s price of $537 per square foot will surpass Houston’s existing price record of $524 per square foot, the newsletter said. Other buyers ... Read More »

Biggest Deal Ever? Foreign Investors Bid Heavy on a Houston Trophy Tower

HOUSTON – A dozen investment groups, including foreign buyers, submitted bids this week to buy the 1000 Main building in downtown Houston – a transaction that may become the biggest deal ever in the Bayou City. Foreign buyers, including players from Europe, the Far East, the Middle East and Canada submitted offers to purchase the 36-story building, said Bernard Branca, ... Read More »

Scroll To Top