Houston
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.
Crescent Buys 993-Acre Property for New Master-Planned Community
Following the acquisition of 993 acres in northeast Houston, Crescent Resources L.L.C. revealed plans to introduce its residential division to the Houston market. The newly acquired land, just one mile from Lake Houston and 25 miles northeast of the city’s central business district, will accommodate a new master-planned community.
Beacon Pursues Texas Properties, Snags One City Centre
Following its purchase last month of Ashford 5, 6 and 7—a 560,000-square-foot office portfolio located in Houston’s Energy Corridor—Beacon Investment Properties has now closed on One City Centre, a Class A office building located in the heart of Houston’s Central Business District.
Upscale BLVD Place Project Gets First Residential Component
While merely a few weeks ago local newspapers were reporting the construction start of phase II of the BLVD Place mixed-use development, Hanover Co. is now announcing that it will be adding a luxury apartment tower to the high-profile project.
Behringer Harvard, Trammell Crow Bring Luxury MF Project to Inner Loop
Two well-known developers—Behringer Harvard and Trammell Crow Residential—have partnered to bring a new luxury multifamily development to the West University submarket of Houston’s Inner Loop.