Houston
Discount Grocer ALDI Bets Big on Houston, Plans 30 Stores
Discount grocer ALDI plans a grand entrance in the Houston market, opening 30 new stores over the next three years. According to an official statement, the company is expected to bring an investment of more than $100 million in capital expenditures to the local community, as well as creating nearly 400 jobs.
Post Properties to Deliver 242 Luxury Units on Richmond Avenue in 2013
In conjunction with its first quarter earnings announcement, Post Properties made official its intent of developing a new Houston apartment community.
New Wood Partners Project to Be Set in Washington Corridor
Following the late February groundbreaking of the luxury Alta Woodlake Square community in Houston’s Westchase District, developer Wood Partners L.L.C. is now eyeing the Washington Corridor for its newest project.
Khosbin Buys Two Office Buildings in Greenspoint
Holliday Fenoglio Fowler L.P. announced the purchase of two multi-tenant office buildings—333 North Sam Houston Parkway and 10700 Interstate 45 North—by the Koshbin Co. for an undisclosed amount.
JV Acquires 19 Acres in Houston’s Energy Corridor for Major Multi-Phase Development
Trammell Crow Co. and Principal Real Estate Investors have teamed up for the purchase and future development of an 18.9-acre site located at the southwest corner of Interstate 10 and North Eldridge Parkway in the heart of Houston’s Energy Corridor.
Cole Real Estate Buys High-Density Urban Retail Center
Greenway Commons—a core, Class A super-regional power center in Houston—recently changed ownership, when Trammell Crow Co., Prudential Real Estate Investors and The Morgan Group sold the 253,000-square-foot, high-density urban retail center to Cole Real Estate Investments for an undisclosed amount.
Investors Show Interest in Houston Multifamily Assets
The Oaks at Cypress Station apartment complex recently changed hands for a reported $11 million. The deal was brokered by Edward Nwokedi, senior director for Cushman & Wakefield Inc., with Lance Edwards of First Cornerstone Group negotiating the bid process on behalf of the buyer, Vancouver-based The Duperron Group.
Phoenix Tower Welcomes New York Life as Newest Tenant
By Georgiana Mihaila, Associate Editor
After undergoing extensive renovations, the 34-story Phoenix Tower recently announced the addition of insurance company New York Life to its list of tenants.
New York Life—the largest mutual life insurance company in the United States, with more […]
McKinney, Pavilions Land New Tenants, Increase Occupancy Rates
By Georgiana Mihaila, Associate Editor
The historic 1001 McKinney building has experienced a boost in occupancy rate after signing intellectual property law firm Conley Rose as its newest tenant. The 21,001-square-foot lease takes occupancy to 85 percent, considerably higher than the […]
Strong Demand Drives More Plans for Woodlands
By Georgiana Mihaila, Associate Editor
Currently the second-best-selling master-planned community in Texas and No. 4 nationwide, The Woodlands has gradually become home to more than 1,700 employers, including 100 major companies. More than 47,000 employees work in the 28,000-acre community 27 miles north […]