BREAKING NEWS

Pagewood JV Buys 13 Buildings in NW Houston

Central Park Post Oak Coming to Galleria Area

Construction Tops Out at Office Tower

RNR Real Estate Briefs – Texas & more

Mixed-Use Project Kicks Off Near Texas Medical Center

Home staging insights from NAR survey

REALTY NEWS REPORT - Logo

Downtown Houston
RNR-RalphBivinsProject-Interviews
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Verde Realty of Houston to be Purchased for $366 Million

by Realty News ReportAugust 2, 2012
Share0

HOUSTON – Verde Realty, a Houston-based REIT, will be purchased by Brookfield Asset Management and Hillwood Investment Properties for $366 million.

Verde Realty owns 78 industrial properties in Texas, California, suburban Chicago, Maryland, Utah and northern Mexico.

“This merger transaction with Brookfield ensures that Verde is well-positioned to benefit from renewed demand for industrial space which will increase as the economy continues to show signs of improvement,” commented Ronald Blankenship, Chairman and Chief Executive Officer of Verde.

Verde Realty sold off a number of apartment projects last year, but it retained a sizable industrial/warehouse portfolio. Verde was previously headquartered in El Paso before moving into the Harold Farb-developed San Felipe Plaza office tower in the Galleria-area of Houston.

Dallas-based Hillwood, which is controlled by Ross Perot Jr., and Canada-based Brookfield had announced earlier this year that they would join forces to make $1 billion in industrial real estate investments.

Share0
previous post
Deer Park Industrial Building Sold for $17.8 Million
next post
Landmark Woolworth Skyscraper Sold for Condo Conversion

Related posts

Pagewood JV Buys 13 Buildings in NW Houston

Realty News ReportJune 5, 2025

Central Park Post Oak Coming to Galleria Area

Realty News ReportJune 4, 2025

RNR Real Estate Briefs – Texas & more

Realty News ReportJune 1, 2025June 1, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

CommGate
new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
RNR Ad 030124
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
230725-RNR_Digital-Ad_Red
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact