Houston
Steadfast Income REIT Buys 6 Apartment Communities in Houston
Steadfast Income REIT has acquired 1,692 apartments in Houston as part of a six-property portfolio deal that closed in two phases. It is the second investment in Houston in two months and one of many the REIT has made in Texas.
New Class A Office Building Tops Out at BriarLake Campus
Dallas-based TIER REIT announced the topping out of Two BriarLake Plaza, a 12-story, 332,000-square-foot office tower in the heart of Houston’s Westchase District.
390-Unit Luxury M-F Property Breaks Ground at New M-U Development in The Woodlands
The Howard Hughes Corporation and its wholly-owned subsidiary The Woodlands Development Company have broken ground on a 390-unit, multi-family project situated in the new 66-acre mixed-use development of Hughes Landing.
Marathon Oil Tower Changes Hands; First Building Complete in Noble Energy Campus
Greenwich, Connecticut-based Hanover Real Estate Partners completed the sale of Marathon Oil Tower, one of Houston’ most iconic office buildings, to CBRE Strategic Partners
Mill Creek, Crescent Communities Commence M-F Projects Near Hospitals
Crescent Communities and Mill Creek Residential have kicked off multi-family projects, the 265-unit Premier Medical Center in Houston and the 296-unit Crescent Dilworth in Charlotte, within close proximity to major healthcare facilities.
Lionstone Group Grabs Landmark Office Tower in Houston’s CBD
The Lionstone Group completed the acquisition of 712 Main Street in Houston’s CBD, in a deal that marks the first time the landmark property has been offered for sale on an individual basis since its construction in 1929.
Statoil to Double Footprint at CityWestPlace, Expand Lease to 581,000 SF
Statoil Gulf Services L.L.C., the U.S. upstream wholly-owned subsidiary of Norwegian energy titan Statoil ASA, entered into a long-term agreement to expand and extend its lease at CityWestPlace, which serves as the company’s North American headquarters.
Hines to Develop 46-Acre Planned Community Inside Houston’s 610 Loop
Hines has acquired a 46-acre tract of land inside Houston’s 610 Loop at Interstate 10 that it will use to develop Somerset Green, a high-end planned community with detached townhome sites, water features and green spaces.
TIAA-CREF, Transwestern to Develop 600 KSF Class AA Office Tower in Houston
TIAA-CREF and Transwestern began construction this week on a 30-story Class AA office tower in Houston’s Galleria submarket that will house BHP Billiton’s growing petroleum business being fueled by its U.S. shale operation.
Skanska Sells 3009 Post Oak for $112M; MIG Grabs 240-Unit Woodlands M-F Community
Skanska USA, one of the leading development and construction companies in the country, announced plans to sell its recently completed office tower in Houston. The buyer, Post Oak Building LLC, will purchase the property for $112 million. The transaction will be recorded and settled in the third quarter 2013