Houston
Presidium Group, Nessel Development JV Purchases Off-Market Multifamily Community in North Houston
As one of the top ten fastest growing cities in the U.S., Houston continues to attract major investors who strive to capitalize on the high demand for multifamily product. Dallas-based Presidium Group, LLC has acquired Live Oak Bend Apartments, a 252-unit multifamily community
Wood Partners’ Alta Heights Shows Strong Leasing; JV Buys Westchase Office Building
Wood Partners, L.L.C., one of the nation’s most active multifamily developers, announced that its Alta Heights apartment community in Houston is almost 70 percent occupied. Since the community opened its doors four months ago, it has leased 173 of the 256 available units.
Luxury Condo High-Rise Breaks Ground in Houston’s Uptown
Inter-Pier LLC, a joint venture between The Interfin Companies and Pierpoint Capital together with The McNair Group and Hudson Brothers Real Estate Limited Partnership, officially broke ground on Belfiore, a 26-story high-rise condominium that will redefine Uptown’s vibe and skyline.
Liberty Property Trust Kicks Off 20-Acre Office Project in Northwest Houston
Liberty Property Trust has broken ground on the first building at Legacy at Fallbrook, a 20-acre premier office development just south of the Southeast corner of Fallbrook Drive at Beltway 8, in Northwest Houston.
Balfour Beatty to Oversee Energy Center Four Construction; Luxury M-F Complex to Break Ground in Energy Corridor
Joint venture partners Trammell Crow Company and Principal Real Estate Investors have selected Balfour Beatty Construction as general contractor for Energy Center Four, a 22-story, Class AA office tower in the heart of Houston’s booming Energy Corridor.
Buckhead Tower Earns LEED Gold Certification
Another Parmenter Realty Partners office building recently earned the LEED Gold Certification for Existing Buildings. The company’s array of LEED certified buildings broadened with Buckhead Tower at Lenox Square in January.
W.P. Carey Expands Houston Footprint with 22-Story Office Acquisition; New Hyatt Place Opens in The Woodlands
W. P. Carey Inc., a real estate investment trust specializing in corporate sale-leaseback financing, build-to-suit financing and the acquisition of single-tenant net-lease properties, announced two acquisitions completed on behalf of its managed REITs at year-end 2013.
Signature Vacation Rentals Enters Tucson Market
Signature Vacation Rentals has expanded its operation by opening a new branch office in Tucson. Launched in 2011, the company is an affiliate of The Schwab Oranization which came to life in 2001 in Puerto Penasco Mexico and is dedicated to client services, community service and cross border business.
Parkway Acquires Jacksonville’s JTB Center in Multi-Asset Deal
The Christmas season was jolly at Parkway Properties as the investment giant has managed to add several landmark properties to its Florida portfolio besides announcing to be under contract for selling assets Houston, Texas and Phoenix, Arizona.
200-Unit Luxury Apartment Complex Changes Hands
A multifamily apartment complex in the Greater Houston area has recently changed hands. Marcus & Millichap Real Estate Investment Services announced on December 23 it has arranged the sale of The Palms at Cinco Ranch in Richmond, Texas, 15 miles southwest of Houston. The terms of the sale were not disclosed.