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Tag Archives: HFF

900-Unit Portfolio of Houston Apartments Sold

HOUSTON – A 900-unit portfolio of four apartment projects in Houston has been sold. Southwest Multifamily Partners, a commingled fund jointly led by Los Angeles-based CityView and Dallas-based Lincoln Property Co. purchased the portfolio in a joint venture with an institutional co-investment partner. The portfolio, located in the Texas Medical Center and Galleria submarkets, is 95 percent leased overall and ... Read More »

Hearst Selects HFF to Market Houston Chronicle Downtown Property

HOUSTON – Hearst Corp. has selected the HFF commercial real estate brokerage firm to handle the sale of its Houston Chronicle property in downtown Houston. Hearst interviewed a number of Houston’s leading commercial real estate brokers before selecting HFF, a national firm with a strong local office. The 10-story Chronicle building, 801 Texas Ave., covers a full city block and ... Read More »

DATELINE HOUSTON: Oil Prices and Real Estate

HOUSTON – Texas real estate will be unscathed by the significant decline in oil prices this fall, although the topic is getting a lot of buzz in Houston, known as the “Energy Capital of the World.” Oil prices are a sensitive topic here. Houston was the place where the battle cry of the business community once was “$90 in ‘90” ... Read More »

Shorenstein Selling Five Post Oak Park for Anticipated $185 Million

HOUSTON – Shorenstein Properties is selling the 28-story Five Post Oak Park, an Inner Loop Houston office building that is expected to fetch $185 million, or $326 per square foot. The Real Estate Alert newsletter reported that the deal is considered a “value add” play because the building’s anchor tenant Amergy Bank is expected to relocate in 2016. Amegy is ... Read More »

Cabot Buys Houston Industrial Portfolio

HOUSTON – Cabot Properties, a Boston-based real estate investment firm, has purchased a three-building, 243,100-sf industrial portfolio in Houston, Texas. HFF marketed the portfolio on behalf of the seller, EastGroup Properties. The 100-percent-leased portfolio consists of Clay-Campbell I and II in northwest Houston and Kirby Business Center in south Houston. Clay-Campbell I and II are located at 4300-4320 and 4444-4456 ... Read More »

Spear Street Capital Buys 800,000 SF in Dallas

RICHARDSON, Texas – Spear Street Capital purchased four Class A office buildings totaling more than 800,000 square feet in Galatyn Park in Richardson, Texas, a North Dallas suburb. HFF represented the seller, Champion Partners and Long Wharf Real Estate Partners, in the transaction. The properties are located within Galatyn Park, an 80-acre mixed-use development that also includes a Renaissance Hotel, ... Read More »

Israeli Realty Firm Buys New Office Building in West Houston for $76 Million

HOUSTON – An Israeli real estate investment firm has purchased a recently completed office building in west Houston for $76 million. HFF closed the sale of and arranged acquisition financing for the building, which is named 8 West Centre. The Class A office building is located along the West Sam Houston Tollway in Houston, near Kempwood Drive. HFF marketed the ... Read More »

OmniNet Capital Buys Former Westwood Mall; Seeks Other Texas Properties

HOUSTON– Southwest Corporate Center, a 525,580-square-foot office complex that was once the Westwood regional mall, has been sold to Omninet Capital, a Los Angeles-based investment group that is seeking Texas investments. HFF marketed the property on behalf of seller, TX 9700 Bissonnet LLC.  Omninet Capital purchased the property for an undisclosed amount on an all cash basis and closed in ... Read More »

RNR Apartment Briefs

HOUSTON – FSC Realty, LLC, based in Beverly Hills, Calif., has purchased The Retreat at Conroe, a 210-unit Class A multifamily community in Conroe. CBRE Houston’s Multifamily Investment Properties Group announced the sale on behalf of Houston-based The Retreat at Country Club Park, LLC. The luxury community, at 2951 North Loop 336 West in Conroe, was completed in 2013 and is 97 percent occupied. “The Conroe area is going through ... Read More »

Prologis Buys Houston Industrial Portfolio

HOUSTON – Prologis Inc., an industrial REIT, purchased a three-property industrial portfolio totaling 219,452 square feet in Houston’s Prologis Park NorthPark, formerly NorthPark Central Business. HFF marketed the portfolio on behalf of the seller, J.A. Billipp Company. The sale included three dock-high and grade-level industrial buildings comprised of office/warehouse, technology and bulk distribution facilities with 18’ to 24’ clear ceiling ... Read More »

Major Multi-Family Portfolio Sold Near Texas Medical Center

HOUSTON –  The Texas Medical Center Portfolio, which is comprised of El Mundo Park, Plaza Del Oro and San Marin, three Class A multi-housing communities near the Texas Medical Center in central Houston has been sold to an Atlanta group. HFF marketed the portfolio on behalf of the seller, LeCesse Development Corp.  Entities owned by Georgia-based JMG Realty Inc. purchased all ... Read More »

Manufacturing Job Boom Heats Up Multifamily Market Near Houston Ship Channel

HOUSTON –White Oak Partners, LLC purchased the Colorado Club Apartments, a 300-unit multi-housing community near the Houston Ship Channel in east Houston. The Ship Channel is experiencing significant blue-collar employment growth as petrochemical spend billions for new chemical plants and plastic production facilities. HFF marketed the property on behalf of the seller, Capital Equity Group. Colorado Club is situated on ... Read More »

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