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Cash or Check? Tampa Bay Bucs Owner Buys Sugar Land Office Tower: No Bank Loan Required

SUGAR LAND, Texas – (Realty News Report) –  One Sugar Creek Center, also known as The Comerica Bank Building, a 194,000-SF office building 19 miles southwest of downtown Houston has been acquired by Kevin Glazer, founder and CEO of Glazer Properties. Glazer, co-owner of the NFL’s Tampa Bay Buccaneers, inspected and closed the deal in 37 days. Paying “with cash” ... Read More »

Hartman REIT Buys West Houston Office Building on the Bayou

HOUSTON – (Realty News Report) – Hartman Income REIT has acquired the Ashford on the Bayou, a 127,000-SF office building in West Houston. HFF’s Dan Miller represented the seller, RPD Catalyst, a Los Angeles-based real estate investor. The 5-story building, 1001 S Dairy Ashford, is located along Buffalo Bayou, just south of Memorial Drive. Recently renovated, the building is 55 ... Read More »

Why Did Northridge Capital Make a Huge Office Acquisition in North Houston?

HOUSTON – (By Ralph Bivins, Editor of Realty News Report) – One of Houston’s biggest office deals of 2019 was completed with an investment narrative based on need of corporations to attract and retain talent, says an acquisitions executive for Northridge Capital LLC. Northridge Capital, based in Washington, DC, recently acquired the new HP Plaza, a 378,000-SF office development in ... Read More »

Sold: A New 378,000-SF Office Project in North Houston

HOUSTON – (Realty News Report) – Northridge Capital LLC has acquired the new HP Plaza, a 378,000-SF office development in CityPlace in SpringwoodsVillage north of Houston. Completed in November of 2018, HP Plaza was developed by Houston-based Patrinely Group for HP Inc., which occupies 100 percent of the space in a long-term lease. “HP Inc. was the largest office lease ... Read More »

JLL to Acquire HFF for $2 Billion

CHICAGO – (Realty News Report) – Jones Lang LaSalle Inc. and HFF Inc. today announced that they have entered into an agreement under which JLL will acquire all the outstanding shares of HFF for $2 billion. Both firms have a significant presence in Houston and are a major forces in capital markets and the brokerage of office, land, retail and ... Read More »

Out of the Deep Freeze: Houston Real Estate is Heating Up in 2018

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – As 2018 began, institutional investors are focused on Houston again, while the industrial and multifamily markets still have room to run. In short, the forecast for Houston commercial real is good, according to experts at the BoyarMiller Annual Commercial Real Estate Forum at the Briar Club Thursday. Despite two missed ... Read More »

Brookfield Acquires Houston Center for $875 Million; Major Redevelopment Planned

HOUSTON – (By Ralph Bivins, Realty News Report) – Brookfield Property Partners has finalized its acquisition Houston Center, a collection of four downtown skyscrapers and a 200,000-SF retail center. The $875 million sale of the 4.2 million SF Houston Center is one of the biggest real estate transactions ever completed in Houston. Brookfield is expected to spend heavily – well ... Read More »

Williamsburg Enterprises Buys Grocery-Anchored Center Near Texas Medical Center

HOUSTON  – Williamsburg Enterprises Limited of Houston has acquired the Renaissance Center, a 97,279-SF, value-add, grocery-anchored retail center east of the Texas Medical Center in Houston. HFF marketed the property on behalf of the seller, Lionstone Investments. Renaissance Center is anchored by H.E.B, one of the largest independent food retailers in the U.S. and the premier grocer in Texas.  Completed ... Read More »

Trinsic Gets Refi for Energy Corridor Multifamily Project

HOUSTON – Holliday Fenoglio Fowler (HFF) has secured financing for Aura Memorial, a 388-unit, multi-housing community in Houston’s Energy Corridor. Working on behalf of the borrower, Dallas-based Trinsic Residential Group, HFF placed the seven-year, floating-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. Aura Memorial is located at 14900 Memorial Drive between North Eldridge Parkway and Dairy ... Read More »

Silicon Valley Investors Buy New Austin Office Project

AUSTIN – Menlo Equities has purchased the Champion Office Park, a recently-completed, Class AA office park totaling 221,136 SF in Austin. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, Endeavor Real Estate Group of Austin and Granite Properties. HFF also procured the buyer, Palo Alto, Calif.-based Menlo Equities, who acquired the fully leased property for ... Read More »

Calif. Firm Buys New Austin Office Project

AUSTIN – Menlo Equities has purchased the Champion Office Park, a recently-completed, Class AA office park totaling 221,136 SF in Austin. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, Endeavor Real Estate Group of Austin and Granite Properties. HFF also procured the buyer, Palo Alto, Calif.-based Menlo Equities, who acquired the fully leased property for ... Read More »

Outer Space: Industry Property Sold Near Future Space Travel Hub

HOUSTON – Ellington Trade Center, a large Houston industrial project poised to benefit from future space travel, across the street from Ellington Field in southeast Houston, has been sold to Lincoln Property Co., through its investment advisory affiliate, Lincoln Advisory Group. The property is located across the street from Ellington Field airport which was recently approved by the Federal Aviation ... Read More »

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