Houston
Johnson Development Emerges as Buyer of 2,100-Acre Camp Strake Property
It’s official: Johnson Development Corp. has been chosen as the buyer of the 2,100-acre Camp Strake property, one of the largest available contiguous land parcels currently available in the Houston metropolitan area.
Clear Lake Regional Medical to Offer Enhanced Care after $92M Expansion
Clear Lake Regional Medical CenterLooking to better serve the Bay Area Houston community, Clear Lake Regional Medical Center has invested $92 million in a comprehensive expansion that included the addition of a new patient tower.
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.
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.
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.
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.
ExxonMobil Markets Sites Nationally as New Corporate Campus Proceeds
While working on what will soon become one of the largest corporate campuses in the world, ExxonMobil is apparently trying to minimize its office footprint throughout the country.
Hines Tapped to Manage Three-Building Energy Corridor Portfolio
Franklin Street Properties Corp. has retained international real estate firm Hines to manage its three-building office portfolio in the West Houston Energy Corridor. The multi-tenant office portfolio is comprised of Energy Tower I—a 326,000-square-foot, 14-story building located at 11700 Katy Freeway; Phase I of The Offices at Park 10,
$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.