Houston
Houston-Area Office Building Trades for $27M
Northstar Commercial Partners bought a 143,000-square-foot Class A asset in Sugar Land, Texas, from Velocis. The property was roughly 7.5 percent vacant at the time of sale.
Levcor Refinances Houston Entertainment Center
JLL’s Capital Markets team secured the $68 million loan, which will recapitalize existing debt. LoanCore provided the non-recourse, floating-rate financing.
Principal Real Estate Sells 20 Greenway Plaza in Houston
The new owner worked with an HFF team to secure the seven-year, fixed-rate acquisition financing. The 10-story tower was 95 percent leased at the time of sale.
HFF Brokers Houston Retail Asset Sale
Senior Managing Director Ryan West, Director John Indelli and Analyst Johnny Kight represented the seller in the disposition of the 44,297-square-foot Normandy Shopping Center.
Cerberus, Hines JV Buys Texas’ Tallest Tower for $627M: Report
Hariri Interests sold JPMorgan Chase Tower in downtown Houston, a 1.6 million-square-foot skyscraper designed by the late I.M. Pei, along with an adjacent 407,000-square-foot property.
Houston Office Portfolio Trades in Energy Corridor
LNR Partners previously purchased the two-building, 176,000-square-foot Parkview complex out of foreclosure in 2017. JLL facilitated the disposition on behalf of the seller.
Transwestern Adds Senior Managing Director
Jimmy Hinton joins the firm from HFF. In his new role, he will develop research and predictive analytics to guide and support investment strategy and portfolio management.
The Jenkins Organization Opens Houston Self Storage
The company has expanded its Texas portfolio with 850 self storage units located in East Houston, around 3 miles from the city’s downtown.
Equus Capital Sells Houston-Area Office Asset
The new owner financed the acquisition of One Sugar Creek Center with a $29 million loan. The 194,000-square-foot property underwent significant upgrades in 2017.
Holloway Lodging Buys 3 Vacant Houston Office Buildings
The assets changed hands for a combined $13.2 million. BH Properties sold two buildings totaling some 235,000 square feet, while Stream Realty Partners traded a 198,000-square-foot property.