Houston
Houston Office Market Heats Up as 3 Buildings Change Hands; Invesco Emerges as Williams Tower Buyer
With Houston having already set an annual record in office sales, December closings will certainly stand as confirmation as investors seem to be herding local properties at an unusual pace.
KBS Strategic Expands Houston Portfolio
If KBS Strategic Opportunity REIT’s actions within the last week indicate anything, it’s that the real estate investment concern is keen on Houston.
PM Realty Buys Greenway Plaza Site for New Mixed-Use Development
Having recently broken ground on what could become Houston’s tallest apartment building—the 2929 Weslayan project—PM Realty Group has now purchased a 4.97-acre site with plans for a two-phase, mixed-use project.
KBS Buys 400 KSF Houston Office Tower for $69M
The thriving economy in Houston is attracting real estate investors like bees to honey and KBS Strategic Opportunity REIT Inc. is among the latest to claim a piece of the office market.
Clarion Nabs 272 KSF Office Building in Houston
Clarion Partners has acquired Westchase Park, a six-story, 272,00-square-foot Class A office building in Houston’s Westchase submarket.
$21M Houston Sale Marks Weingarten Realty’s Exit from Industrial Sector
In a move to reinforce its position as a shopping center owner, manager and developer, Weingarten Realty Investors has closed on the sale of its interest in three industrial joint ventures to Exeter Property Group’s Fund II.
W.P. Carey Affiliate Buys KBR Tower for $174.6M
The 1.04 million-square-foot KBR Tower in Houston’s Central Business District, along with its adjacent 1,500-space garage, have traded hands for $174.6 million; the buyer is Corporate Property Associates 17-Global, a public non-traded REIT affiliate of W. P. Carey Inc.
2929 Weslayan Multifamily Project Adds 5 Stories, Gets Construction Loan
The 2929 Weslayan development that just broke ground at the northeast corner of Weslayan and West Alabama will be taller than expected, as new plans for the tower include an extra five stories.
HFF Closes Sale of 177 KSF Office Building in Houston to International Buyer
Holliday Fenoglio Fowler represented an institutional owner in the sale of 777 Post Oak Blvd., a 176,799-square-foot office building in Houston’s Galleria/West Loop submarket.
Houston Club Moves to One Shell Plaza, Plans Multimillion-Dollar Club Renovation
The 118-year-old Houston Club has recently entered into an agreement with the Plaza Club to relocate to the Plaza Club’s current location on the 49th floor of the One Shell Plaza.