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Tag Archives: Houston 2020: America’s Boom Town – An Extreme Close Up

Griffin Partners Buys West Side Office Building

HOUSTON – (Realty News Report)– Griffin Partners acquired the Concourse at Westway, a Class B, 130,223-SF, value-add office building in West Belt submarket of Houston. The seller, EverWest Real Estate Investors, was represented by JLL’s Trent Agnew, Kevin McConn and Marty Hogan. Completed in 1999, Concourse at Westway consists of a two-story office on 11 acres at 4700 West Sam Houston ... Read More »

Exterran Property Sold — 301,000 SF to Calif. Investors

HOUSTON – (Realty News Report) – Redwood Property Investors III LLC, a California-based private investment fund, recently purchased the former Exterran Energy Solutions campus in northwest Houston at 12001 North Houston Rosslyn Road. The project has 301,127 SF of industrial warehouse,  manufacturing and office buildings on 32 acres of land. Clay Pritchett and Zane Carman, of NAI Partners represented Redwood Property ... Read More »

Oilfield Services Firm Relocating HQ

HOUSTON – (Realty News Report) – NCS Multistage, a provider of products and support services for oil and natural gas well completions and hydraulic fracturing, will relocate its headquarters to the Chasewood Crossing Three building located at 19350 Highway 249 in northwest Houston.  The company signed a 20,886-SF lease for the top floor of the new Class-A six-story development. NCS ... Read More »

Finial-Senterra Partnership Acquires Business Park in Northwest Houston

HOUSTON – (Realty News Report) – Finial Group, in partnership with Senterra LLC, has acquired the Harms Road Business Park, a five-building, 124,000-SF, crane-served industrial project in Northwest Houston. The seller, United Equities, was represented by JLL’s Trent Agnew, Charlie Strauss and Ethan Goldberg along with Travis Land of NAI Partners. Harms Road Business Park, situated on 9.8 acres, is ... Read More »

E-Commerce Backwash – Return of Gifts Puts a Strain on Warehouses in the Supply Chain … ( In the Industry, they call it ‘Reverse Logistics’)

HOUSTON – (Realty News Report) – Today, America’s warehouses are experiencing the backwash from the e-commerce boom. January 2 will be the peak day for merchandise returns with an estimated 1.9 million packages heading back from buyers to sellers on this day alone, according to a new CBRE report. The wave of returns requires a great deal of warehouse space. ... Read More »

The Houston 2020 Downtown Awards – Winners Announced for Real Estate and Placemaking

The Houston 2020 Downtown Awards By Ralph Bivins, Author of Houston 2020: America’s Boom Town – an Extreme Close Up Downtown Dealmaker  of  the Year: Skanska Commercial Development. Skanska pulled off two megadeals in downtown Houston. Most impressive was its acquisition of four surface parking lots near Discovery Green park – a total of 3.5 acres for $55 million. High-rise, mixed-use development ... Read More »

Real Estate Briefs: Houston, Dallas, Austin and National

Real Estate Briefs: Presented by “Houston 2020: America’s Boom Town” – The New Book by Ralph Bivins Read The New Book by Ralph Bivins, Editor of Realty News Report   Houston 2020: America’s Boom Town – An Extreme Close Up Available on Amazon  http://tiny.cc/4a2g6y HOUSTON BRIEFS – Keener Investments has acquired a 378-unit multifamily property in Spring, Texas. The Mira Bella  and ... Read More »

With Renovations Underway, GreenStreet Refinanced with $140 Million Loan

HOUSTON – (Realty News Report) – JLL has arranged a $140 million refinancing of GreenStreet, a 617,000-SF mixed use development in downtown Houston. JLL worked on behalf of the borrowers, Lionstone Investments and Midway to secure the loan, which was provided by Blackstone Real Estate Debt Strategies. GreenStreet, covering four blocks near the intersection of Fannin and Lamar, is undergoing ... Read More »

Tilman Fertitta Closes on Purchase of Del Frisco’s Steakhouse Chain

HOUSTON – (Realty News Report) – Houstonian Tilman J. Fertitta announced that Landry’s, Inc. has closed on the acquisition of Del Frisco’s Double Eagle Steakhouses and the Del Frisco’s Grilles. The seller is L Catterton, the largest and most global consumer-focused private equity firm.  The Wall Street Journal said the price was between $300 million and $325 million. Del Frisco’s is ... Read More »

Real Estate Briefs: Houston, Austin, Dallas and San Antonio

HOUSTON – (Realty News Report) – 2Ml Real Estate Interests, Inc. has purchased a 31,285 SF strip center at 10850 – 70880 Louetta Road, across from an H-E-B Supermarket in northeast Houston. Matthew Berry and Robbie Kilcrease with CBRE Houston represented the seller, Watumull Vintage, LLC. ……………………………………………. Cricket Wireless USA, LLC has executed a six-year lease for 20,428 SF at 14615 Beechnut ... Read More »

Kelsey-Seybold Clinic Under Construction in NewQuest Center

KATY, Texas – (Realty News Report) – Kelsey-Seybold is under construction on a 37,000-SF two-story clinic in NewQuest Properties’ Grand Morton Town Center in northeast Katy, the highest growth residential market in the U.S. The project, called the Kelsey-Seybold Morton Ranch Clinic, is being constructed on a 3.77-acre site on the eastern side of Grand Morton Town Center near the ... Read More »

Australian Developer Goes Bold in Midtown Houston: Q&A with Caydon’s Joe Russo

HOUSTON –  (By Cynthia Lescalleet for Realty News Report) – With first residents expected July 1 at Drewery Place, Caydon Development’s high-rise apartment building in Midtown, company CEO Joe Russo was in Houston to check the $200 million project’s progress as well as that of the second phase of the Melbourne-based company’s mixed-use development, Houston Laneways. Multi-phased, the project is located ... Read More »

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