Houston
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.
Hines JV to Expand Pinto Business Park in Houston
The company is developing a 600,000-square-foot build-to-suit facility, which will serve as the primary distribution operation for Emser Tile in the South Central U.S.
JLL Facilitates Sale of Rail-Served Property in Houston
JLL represented the buyer, a Houston-based supplier of multiple types of plastic resins. The property will serve as the supplier’s company’s global manufacturing and distribution center.
Michigan Property Manager Expands in Texas
The company manages more than 140 commercial properties encompassing in excess of 16 million square feet throughout the U.S.
M-M Properties Lands Refi Loan for Houston Tower
Designed by Phillip Johnson and John Burgee, the 56-story, 1.2 million-square-foot 700 Louisiana is currently 90 percent leased. HFF secured the loan on behalf of the borrower.
Foreign Investor Gets Hospitable in Houston via CBRE
Canadian investment group Prime Developments closed its second value-add hotel acquisition in the Houston area, with the purchase of Holiday Inn Express & Suites Houston East in Baytown, Texas.
The Houston CRE Market in Hurricane Harvey’s Aftermath
The metro’s office market emerged mostly unscathed following the Category 4 storm, while the retail, industrial and hotel industries were affected in certain areas. The flooding did the most damage on residential properties, according to a CBRE report.