Houston
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.
Michael Ziestman Takes On Leadership Role at JLL
Ziestman, with 34 years of experience in the sale, joint venture and financing of various property types, and an aggregate value in access of $11 billion, took on a new challenge at JLL Capital Markets.
Providers Grapple with Flood Insurance’s Hazy Forecast
An experienced litigator in the areas of bad faith law and unfair business practices, Royal Oakes analyzes the challenges and opportunities that insurers face in the wake of hurricanes Harvey and Irma.
Online Assessment Tool Enables Hurricane Preparedness: JLL
The professional services firm continues aiding its Houston-area employees in recovering from Hurricane Harvey, while also using its Building Emergency Management Assessment system to evaluate the effects of Hurricane Irma.
Hurricane Harvey: Impact on Houston Multifamily
An initial analysis by Yardi Matrix found that between 45,000 and 72,000 units—or 7 to 11 percent of the multifamily universe—were rendered uninhabitable.