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Tag Archives: Jones Lang LaSalle

RNR Real Estate News Briefs: Houston, Dallas, Austin and Elsewhere

HOUSTON – (Realty News Report) – Greg Usher of Cypressbrook Company represented the landlord, Rivershire Office Plaza, in the leasing of 32,079 SF of office space at 333 N. Rivershire Drive in Conroe. Nick Terry of NAI Partners  represented the tenant, Elite Supply Partners, Inc. ………………………………………………… Subsea 7, LLC  signed a 64,819 SF lease to expand its office at Westgate ... Read More »

MarqE Retail Center Sold in Houston

HOUSTON – The Marq*E Entertainment Center, a 352,000-sf retail project, has been purchased by HCL-MarqE, LLC, an investment group reportedly affiliated with the Levcor organization. The property is located at the northeast corner of I-10 West (Katy Freeway) at Silber Road in Houston. JLL’s Capital Markets experts announced that the firm sold Marq*E project on behalf of Canyon Capital Realty ... Read More »

Crescent Prepares to Break Ground on 30-story Downtown Tower

HOUSTON – Crescent Real Estate Holdings LLC announced it has hired Balfour Beatty Construction as the general contractor for 6 Houston Center and the downtown Houston project will break ground this summer. Located on Block 95, bounded by Rusk, Caroline, Walker and San Jacinto streets, the 30-story, 600,000-square-foot office tower will be the latest addition to the Houston Center development. ... Read More »

Houston Leads Nation with a 70 Percent Increase in Office Rental Rates in Recent Years, JLL Reports

HOUSTON – Houston has led the nation in skyscraper rental increases, with its trophy office properties rents rising 70 percent since 2005, according to a new report by JLL. San Francisco was second with a 69 percent trophy-office rental increase, followed by Austin at 54 percent, Denver at 52 percent and Salt Lake City at 50 percent. “Bottom line: It’s ... Read More »

Boutique Office Building to be Built on Famed Wedding Venue Site in Houston

HOUSTON – The Courtyard on St. James Place, a wedding venue and events center, is being torn down and replaced with a 13-story boutique office building west of the Galleria in Houston. The office building will be developed by 1885 St. James Place Partners, as owner, and Nelson Murphree Legacy Partners as developer. Construction is expected to kick-off in the ... Read More »

Hines/J.P. Morgan Joint Venture Buys Plano Office Building and Development Site

DALLAS — Hines –  in a new joint venture with institutional investors advised by J.P. Morgan Asset Management – Global Real Assets, the acquisition of The Plaza at Legacy.  Formerly known as Computer Associates, the seven-story, 215,499-square-foot office building is located in the LegacyBusinessPark, in the Far North Dallas submarket of Plano, Texas.  A future development site,   an adjacent 12-acre ... Read More »

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