Houston
Cole Boosts CCIT Portfolio With 3 Recent Acquisitions
Cole Real Estate Investments has boosted the portfolio of Cole Corporate Income Trust to 35 properties in 17 states with the recent acquisitions of three Class A office buildings in Texas and Massachusetts for $160 million.
Houston Takes Third Place Among Forbes’ Top Development Markets
In a recent Forbes ranking of metro areas where construction is booming, Houston landed an honorary third place, with only New York and Dallas scoring higher.
Clarion Grabs One Oak Park, Expands Westchase Park in Houston
Clarion Partners has acquired One Oak Park, a six-story, 153,342-square-foot, Class A office building in the Westchase submarket of Houston, where it is also planning to expand the Westchase Park property it bought six months ago.
Fountain Residential to Add Housing Options at University of Houston
Following the University of Houston’s successful efforts of adding housing options in order to transform itself from an urban commuter-based campus to a Tier One research institution, a new student housing building will soon rise right across from the campus.
Inland Teams With Dutch Pension Fund on $600M JV
IAGM Retail Fund I Member, a wholly owned subsidiary of Inland American Real Estate Trust Inc., has formed a new retail joint venture with PGGM Private Real Estate Fund, a $172 billion Dutch pension fund service provider.
Crane Worldwide Signs 150 KSF Industrial Lease
In order to comfortably service one of its energy clients, Crane Worldwide Logistics has signed a 150,000-square-foot industrial lease at 6501 Navigation Blvd. in Houston.
Dynamic Week for Houston M-F; McCann Realty Builds, HGI Sells
Two recent events stand out as further indicators of the strength of the metro Houston multifamily market; while McCann Realty broke ground on its newest community, the 323-unit Retreat at Vintage Park in the Champions submarket of Houston, Harbour Group International found a buyer for its 696-unit Fairfield Creek Apartment community.
Greenway Plaza Becomes Largest LEED-Certified Office Campus in Texas
Crescent Real Estate Holdings’ 10-building office campus, Greenway Plaza, recently achieved LEED certification from the U.S. Green Building Council, becoming the largest Texas office campus to earn this designation.
Trammel Crow, Principal Sign ConocoPhillips to 850 KSF Lease in Houston’s Energy Corridor
The energy company will be the sole occupant of a 550,000-square-foot office tower scheduled for completion in 2015 and will move into an additional 300,000 square feet at a companion building the following year.
Booming Local Economy Draws Buyers to Houston Multifamily Properties
With Houston’s booming economy expected to generate approximately 117,000 new jobs in 2013, possibly the most sizable gain since the 1980s, nearly all sectors of the local economy have been experiencing increased activity. The multifamily sector is no exception.