Houston
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.
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.
KKR, Hines, Pinto Realty Partners to Develop 971-Acre Master-Planned Business Park
Kohlberg Kravis Roberts & Co. has teamed with Hines and Pinto Realty Partners to develop a 971-acre master-planned business park at the corner of Beltway 8 and Interstate 45 in Houston.
Niagara Bottling to Build 356 KSF Facility in Lakeview Business Park
Niagara Bottling will soon be headed to the Houston area, as the bottling company recently purchased a 25.7-acre site in Trammell Crow Co.’s Lakeview Business Park in Missouri City, Texas.
Hines Hires JLL to Market Iconic Williams Tower
Hines has put its 64-story Williams Tower on the market, hiring Jones Lang LaSalle Inc.’s Houston office to find a buyer for the iconic tower.
Holliday Fenoglio Closes Industrial, Office Sales
Holliday Fenoglio Fowler’s Houston branch announced closing the sales of both a four-building, Class A industrial portfolio and a 95,166-square-foot office property last week.
Lowe Enterprises Investors Buys 314-Room Boutique Hotel in Galleria Area
The 314-room Hotel Derek recently traded hands, with its acquisition by Lowe Enterprises Investors on behalf of a national hotel investment venture the firm formed last year with The Guardian Life Insurance Co. of America and a subsidiary of Allstate Insurance Co.
HFF Arranges $85M Refi for The Houstonian Hotel, Club & Spa
Holliday Fenoglio Fowler L.P. arranged an $85 million refinancing for Houston’s premier luxury hotel and fitness facility, The Houstonian Hotel, Club & Spa. Working on behalf of owner The Redstone Cos.—a privately owned company with a focus on hospitality, real estate and private equity—HFF secured the fixed-rate loan with AXA Equitable Life Insurance Co. providing the capital through its advisor, Quadrant Real Estate Advisors.
HFF Hired to Market Former KBR HQ in Houston
According to an official announcement, Holliday Fenoglio Fowler has been hired by KBR to market the 135.8 acres of land that used to serve as the company’s headquarters in Houston.
Investcorp Buys 1,000+ Unit Multifamily Portfolio for $57M
Investcorp’s U.S. real estate arm acquired an interest from MHP Investments in a portfolio of 1,076 units in the master-planned Copperfield community of northwest Houston. The portfolio commanded a price of $57 million, or $52, 974 per unit, CoStar reports.