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85 Percent Leased: Redo Pays Off for Galleria Office Building

HOUSTON – (Realty News Report) – Galleria Office Tower 1, a 25-story building in Houston’s Galleria, has reached 85 percent occupancy following a major renovation and the signing of two new leases, according to Colvill Office Properties. Colvill Office Properties handles leasing in the 493,456-SF tower, built in the early 1970s as an office component in The Galleria, the mixed-used ... Read More »

A Ritz-Carlton, Perhaps? – Simon Plans 30-Story Hotel/Condo Tower in The Galleria Complex

HOUSTON – Simon Property Group says it will move ahead with its plan to build a 30-story hotel and condo tower, probably similar to a Ritz-Carlton hotel/condo tower, in The Galleria in Houston. The hotel will be built on the site of a former Macy’s, along Sage Road on the western side of Galleria, a massive mixed-use development conceived by ... Read More »

Dallas Galleria Office Towers Getting $19 Million Renovation

DALLAS – CBRE Global Investors has launched a $19 million renovation of the Galleria Office Towers, a 1.4 million, three-building office complex connected to the Westin Galleria Hotel in Dallas, near the LBJ Freeway. A CBRE Global Investors fund bought the Dallas buildings, which were developed by Hines, from Cannon Commercial in 2015 for about $300 million. The assets were ... Read More »

Q&A with David Songy, Developer of Two New Hotels in Houston’s Galleria Area

HOUSTON – Showing its confidence in the Houston lodging market, Atlanta-based commercial real estate firm Songy Highroads, LLC has opened not one but two hotels in the city over the past several months. The properties – the 325-room Hyatt Regency Houston Galleria and the 157-room, select-service Hyatt Place Houston Galleria, are part of a 7.6-acre mixed-use development. On strong a ... Read More »

Galleria Office Towers in Dallas Sell for $300 Million; CBRE Says Biggest Deal in Big D in 2015

DALLAS – CBRE Global Investors purchased the Galleria Office Towers, a 1.4 million square foot, three-building office complex adjacent to the Galleria Mall. The deal, with an estimated sales price over $300 million, was expected to be the largest office sale of the year in Dallas, says CBRE’s Gary Carr, who brokered the deal with John Alvarado, Eric Mackey and ... Read More »

Lincoln Property Co. Buys Galleria Office Properties From Songy

HOUSTON  – Atlanta-based Songy Highroads has sold Galleria Place, a 401,271-square-foot office campus located across the street from Houston’s Galleria. The buyer is an affiliate of Lincoln Property Company. Galleria Place is a 6-acre property that contains the 11-story Galleria Place I office building, the 10-story Galleria Place II office building, the 5,797-square-foot Sage Plaza retail building, a 3,892-square-foot retail ... Read More »

Simon Planning to Upgrade Luxury Offerings in $250 Million Renovation of Houston’s Galleria

HOUSTON – Simon, the global retail real estate company, has announced a $30 million renovation of Houston Galleria’s luxury wing as part of $250 million re-do of the landmark mixed-use project. Complementing the previously announced construction of a new, state-of-the-art flagship Saks store, the addition of 110,000 square feet of new retail space and the creation of a 14,000 square ... Read More »

N.Y. Group Buys Aloft Hotel in Houston’s Galleria Area

HOUSTON – Westpark I,  a Melville, N.Y.-based group, has purchased the Aloft Hotel near the Galleria in Houston. The seller was HEI Hotels and Resorts who will continue to manage the 152-room hotel for the new owners.  Matthew F. Keefe, President of HK Group, brokered the transaction. The hotel is located at 5415 Westheimer Road within walking distance of the Galleria. ... Read More »

325-Room Hyatt Galleria to Open in Fall 2015

CHICAGO — Hyatt Hotels Corp. has entered into a franchise agreement with Songy HighRoads, a commercial real estate development firm based in Atlanta, to develop Hyatt Regency Houston Galleria in Texas. The Houston hotel will be managed by Aimbridge Hospitality and is scheduled to open in fall 2015. Hyatt Regency Houston Galleria is being built near the Houston Galleria shopping mall ... Read More »

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