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Vintage Hannah One Developing Self Storage North of Houston

HOUSTON – Vintage Hannah One is developing a 851-unit, self storage facility within The Vintage master-planned community in the Houston suburb of Spring. Scheduled for completion in the later part of 2016, the self storage project will consist of four buildings totaling 82,675 rentable square feet.  Situated on 5.8 acres at 15500 Vintage Preserve Parkway, the storage facility site is ... Read More »

Real Estate History: BBVA Sale Sets New Record Price for Houston Office

HOUSTON – The sale of BBVA Compass Plaza established Houston’s new per-square-foot record high price for an office building sale – over $527 per square foot for the Uptown office building. This topped the previous per square foot record of $524 PSF with the $442.5 million sale of the Hess Tower in downtown Houston. The 22-story, 326,200-square-foot BBVA building, at ... Read More »

Hal Holliday: Houston Multifamily Not Overbuilt Despite Oil Crash

HOUSTON – The slowdown in the energy industry and Houston’s job growth has not torpedoed the Houston apartment industry, says Hal Holliday, a veteran of the commercial real estate industry. Holliday entered the commercial mortgage banking in 1971 and he was co-founder of the firm that bears his name, Holliday Fenoglio Fowler, although he is no longer with the company. ... Read More »

Westmount Realty Capital Buys Multifamily Project in SE Houston

HOUSTON – Westmount Realty Capital of Dallas acquired the 376-unit Summer Cove Apartments, a Class B complex in southeast Houston near Ellington Field. Westmount has renamed the apartment community, built in 1983, Westmount at Summer Cove. A CBRE report recently noted that Houston’s Class B apartment market is very strong. At the Summer Cove Apartments, occupancy averaged 96 percent over ... Read More »

NAI Investment Fund I Buys Building for Texas-Focused Fund

HOUSTON – NAI Investment Fund I has acquired a Class B office building in southeast Houston as part of a Texas-focused investment program. NAI has launched an investment fund seeking office and industrial multi-tenant properties in Houston, Austin, Dallas and San Antonio over the next 18 to 24 months, says Rob Evans of NAI. The fund bought the 75,000 square-foot ... Read More »

Houston Chronicle’s Demolition to Clear Way for Hines’ Next Addition to Houston Skyline

HOUSTON – Hines, one of the world’s most successful skyscraper developers, is expected to acquire the Houston Chronicle’s downtown property later this year and demolish the newspaper building. But with the Houston office market headed for the doldrums it will be years before the Chronicle site, 801 Texas Avenue, will have a new skyscraper on it.  A groundbreaking in 2018, ... Read More »

Hartman Buys Energy Corridor Building

HOUSTON – An affiliate of Hartman Short Term Income Properties XX, purchased the Ashford Crossing II office building near west Houston’s Energy Corridor. Ashford Crossing II is a 158,451 square-foot, six story office building located at Dairy Ashford Road and Whittington Drive. Built in 1983, the property is currently 87 percent leased. “Ashford Crossing II provides Hartman XX the ability ... Read More »

CNL Healthcare Properties Buys Seniors Portfolio for $195 Million

ORLANDO – CNL Healthcare Properties, a Florida-based REIT, purchased a five-property seniors housing portfolio, which includes a facility located near Houston, totaling 709 units for $195 million. Holliday Fenoglio Fowler marketed the portfolio on behalf of the seller, AEW Capital Management.  AEW sold the property on behalf of AEW Senior Housing Investors. The portfolio encompasses a mix of independent living, ... Read More »

Venterra Buys 420-Unit Project In Houston

HOUSTON – Venterra Realty has acquired the Preserve at Colony Lakes, a 420-unit multifamily community in Stafford, Texas, about 20 miles southwest of downtown Houston. Holliday Fenoglio Fowler worked on behalf of Venterra Realty to secure the seven-year, 3.22 percent, fixed-rate loan with a life company correspondent lender.  Loan proceeds were used to acquire the asset by Venterra, which has ... Read More »

ATCAP Buys Warehouse Adjacent to Budweiser Plant in East Houston

HOUSTON – ATCAP Partners, a Dallas-based firm, has acquired a 120,810-square-foot industrial facility in east Houston at 8451 Market Street. Holliday Fenoglio Fowler, L.P marketed the property on behalf of the seller, Mayfield Properties, LP. ATCAP Partners purchased the building for an undisclosed amount all cash and was assisted by HFF in arranging acquisition financing.  HFF was also involved in ... Read More »

Canadian Firm Buys GEICO Building Near Houston’s Energy Corridor

HOUSTON – Nicola Crosby Real Estate, a Canadian investor, purchased Mason Creek I, a two-story 135,716-square-foot office building in west Houston near the Energy Corridor and the suburb of Katy. The building, which fetched a $39 million sales price,  is fully leased by GEICO. Holliday Fenoglio Fowler marketed the property on behalf of the seller, a Boston-based institutional real estate ... Read More »

Hartman Buys Office Project in Greenspoint

HOUSTON – Hartman Short Term Income Properties XX purchases 400 North Belt, a 230,872-square-foot office project in Houston’s Greenspoint office submarket in north Houston. Holliday Fenoglio Fowler marketed the property on behalf of the seller.  Hartman 400 North Belt, a subsidiary of Hartman Short Term Income Properties XX, Inc., purchased the building for $10.2 million from Parkway Properties. 400 North ... Read More »

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