Houston
IKEA Leases 1.7 MSF in TX, CA
The Swedish furniture retailer leased two distribution centers in Baytown, Texas, and American Canyon, Calif. Each project will create around 200 jobs.
Residence Inn by Marriott Breaks Ground in Houston
The 182-key hotel broke ground near the Texas Medical Center. Moody National Hospitality Management will be responsible for managing the 5,000-square-foot property.
JLL Arranges Sale of Office Asset in Houston
Under its new ownership, Pinehollow Office Park will undergo a capital improvement program that will add retail space to the Class B development.
Liberty Property Trust Breaks Ground on 2 Industrial Assets
Combined, the two buildings will add 704,000 square feet of industrial space to the market, located at the company’s Port Crossing Commerce Center in northwest Houston.
Transwestern Tapped to Lease Houston Office Park
The complex consists of two Class A buildings and a separate amenity center. Westchase Park I and Westchase Park II can accommodate new tenants ranging from 5,000 to 140,000 square feet.
Port 10 Logistics Center to Break Ground in Baytown, TX
Pontikes Development will break ground on a 3 million-square-foot speculative warehouse and distribution park near Port Houston. The project will be built in phases, with the first one slated for delivery in the third quarter of 2018.
Velocis Annexes Two Sugar Creek to Its Office Portfolio
The 143,000-square-foot office development, located in one of Houston’s best markets for office occupancy, was 85 percent leased at the time of the transaction.
CBRE Facilitates Sale of Houston-Area Hotel
SNI 5618 Investment LP purchased the 74-key Holiday Inn Express & Suites in Bay City, Texas, from Baywood Hotels. This is the second transaction CBRE Hotels closes in Bay City this year.
Elite Street Capital Buys 162 KSF Houston Office Asset
Buchanan Street Partners and CarVal Investors sold a 162,000-square-foot office building in Houston. HFF arranged the deal on behalf of the seller and secured the buyer.
JLL Closes Sale-Leaseback of Northwest Houston Industrial Asset
The new owner and lessor of the property, Industrial Property Trust, will lease the entire facility to the tenant that currently occupies it.