Houston
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
Bill Gates’ Investment Group Buys Four Seasons Houston
Cascade Investment, the private investment arm of billionaire Bill Gates, is set to acquire the Four Seasons Hotel Houston from Maritz, Wolff & Co. for a reported $140 million.
Howard Hughes Corp. Launches First Office Building at New M-U Development in The Woodlands
By Amalia Otet, Associate Editor The Howard Hughes Corp. and its wholly owned subsidiary, The Woodlands Development Co., marked a major milestone with the completion of One Hughes Landing, the first office building in the 66-acre, mixed-use Hughes Landing development, situated on the 200-acre Lake Woodlands. Designed to meet LEED Silver certification standards, the 197,719-square-foot, eight-story, Class […]
HFF Secures $188.8M Financing for Post Oak Central
By Amalia Otet, Associate Editor Commercial real estate and capital markets service provider HFF has secured $188.8 million in financing for Post Oak Central, a three-building office, retail and parking complex in Houston’s Galleria area. Working exclusively on behalf of Atlanta-based Cousins Properties Inc., HFF placed the seven-year, non-recourse, fixed-rate mortgage loan with TIAA-CREF, according […]
Inland Repositioning its Portfolio with Purchase of 2 Westin Hotels for $220M
Inland’s acquisition of the two Westin hotels is part of the company’s long-term strategy to invest in luxury, upper-upscale and urban-upscale properties in the top 25 markets, according to Marcel Verbaas, Inland American Lodging Advisor’s president & CEO.
Greystar Completes Half-Billion-Dollar M-F Portfolio Purchase
Greystar Real Estate Partners’ already substantial portfolio just got quite a bit bigger. The multi-family real estate company recently completed the acquisition of a 4,371-unit portfolio from Inland American Real Estate Trust in a deal valued at $460 million.
Affordable Housing Community for Veterans Opens
The City of Houston recently celebrated the official opening of Travis Street Plaza, a new 192-unit permanent housing community for very low-income, homeless, and disabled veterans.