Houston
200-Unit Luxury Apartment Complex Changes Hands
A multifamily apartment complex in the Greater Houston area has recently changed hands. Marcus & Millichap Real Estate Investment Services announced on December 23 it has arranged the sale of The Palms at Cinco Ranch in Richmond, Texas, 15 miles southwest of Houston. The terms of the sale were not disclosed.
Exxon to Expand Houston Footprint, Inking 478,000-SF Lease
Exxon Mobil Corporation inked a deal to lease approximately 478,000 square feet of office space at Hughes Landing, a 66-acre mixed-use community situated on Lake Woodlands.
Morgan to Break Ground on Luxury Apartment Community
The Morgan Group, Inc., a leader in high-end multifamily development, construction, and property management, announced plans to add another amenity-rich residential complex to its Houston portfolio under the Pearl brand.
Joint Venture Awarded $90M Contract with HISD; Rigid Breaks Ground on New Manufacturing Facility
B3Ci, a joint venture comprised of Balfour Beatty Construction and 3Ci, have been awarded by the Houston Independent School District (HISD) a construction services contract valued at $90 million, as part of the 2012 HISD Bond Program.
Hines Tapped to Manage 1001 McKinney; Groundbreaking Set for Mid-Main Project
Silverpeak Real Estate Partners and Cameron Management tapped Hines, the international real estate company, to handle property management for 1001 McKinney, a 23-story building in the heart of downtown Houston.
Intercontinental Acquires Sawyer Heights Lofts for $61.6M; Construction Underway on Phillips 66 Corporate Campus
Boston, MA-based Intercontinental Real Estate Corporation, a national real estate investment, development, and management firm, acquired the Sawyer Heights Lofts, a 326-unit apartment community in Houston’s Downtown/West Inner Loop for $61.6 million.
CCIT Buys 5 Net-Lease Office Properties for $202M
Cole Corporate Income Trust has acquired five single-tenant corporate properties with a total of 733,062 square feet for $202 million, including two in San Jose and one each in Houston, St. Louis and Colorado Springs.
MetLife Provides $161.5M in Financing for Houston Office Tower; Noble Energy Center One Changes Hands
MetLife, Inc. has provided $161.5 million in financing to CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors that has acquired Marathon Oil Tower in Houston.
Lone Star Funds Acquires 6 MSF Commercial Portfolio
Global private equity firm Lone Star Funds has acquired State Farm’s 23 existing operations centers consisting of 6.2 million square feet in 16 states, through a sale-leaseback agreement.
Cassidy Turley to Lead Leasing Efforts for Allen Center; Renovations Kick off at Hines’ 600 Travis Sky Lobby
Brookfield Office Properties tapped Cassidy Turley to provide project leasing services for Allen Center, a 3.1-million-square foot, class A office complex in downtown Houston.