{"id":1004040012,"date":"2012-04-17T04:14:34","date_gmt":"2012-04-17T12:14:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004038394"},"modified":"2022-12-08T22:29:42","modified_gmt":"2022-12-09T06:29:42","slug":"khoshbin-co-makes-395-ksf-office-investment-in-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/khoshbin-co-makes-395-ksf-office-investment-in-houston\/","title":{"rendered":"Khoshbin Co. Makes 395 KSF Office Investment in Houston"},"content":{"rendered":"<p><strong>By Nicholas Ziegler, News Editor<\/strong><br \/>\n<div id=\"attachment_1004038395\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/04\/041712-Houston-10700-I-45-North.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004038395\" data-attachment-id=\"1004038395\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ranking-art1-150x113-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/Ranking-Art1-150x113.jpg\" data-orig-size=\"150,113\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Ranking-Art1-150&#215;113\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/Ranking-Art1-150x113.jpg?w=150\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/04\/041712-Houston-10700-I-45-North.jpg\" alt=\"\" title=\"041712 - Houston 10700 I-45 North\" width=\"300\" height=\"245\" class=\"size-medium wp-image-1004038395\" \/><\/a><p id=\"caption-attachment-1004038395\" class=\"wp-caption-text\">The property at 10700 Interstate 45 North<\/p><\/div><\/p>\n<p>The Khoshbin Co., a privately held Irvine, Calif.-based real estate firm, has just completed its acquisition of two office buildings in Houston\u2019s Greenspoint submarket, picking up 333 N. Sam Houston Parkway East and 10700 Interstate 45 North, two multi-tenant office buildings spanning 395,424 square feet. Holliday Fenoglio Fowler L.P. marketed the properties on behalf of the seller.<\/p>\n<p>333 North Sam Houston Parkway East is a 12-story, 213,777-square-foot building with a four-level, 704-space parking garage. The property is currently 72 percent leased.   10700 Interstate 45 North has 181,647 square feet of space that is currently 47 percent leased.  The property features a five-level, 434-space parking garage.<\/p>\n<p>&#8220;The very positive and improving real estate fundamentals in Houston present one of the best buying opportunities in decades,\u201d Manny Khoshbin, head of Khoshbin, said.<\/p>\n<p>Other research sources back Khoshbin\u2019s claim. According to a fourth-quarter 2011 report by Cushman &amp; Wakefield Inc., the city\u2019s employment picture has improved substantially, as all jobs lost in the recession were gained back by the end of last year. \u201cThrough November,\u201d the report noted, \u201cthe Houston area added more than 87,000 jobs, for a year-over-year growth rate of 3.4 percent. This was the highest job growth rate of all the largest metropolitan areas in Texas, and far exceeds the Texas rate of 2.2 percent and the national rate of 1.2 percent.\u201d<\/p>\n<p>And the outlook for Houston\u2019s office market closely mirrors the job situation. With more and more employment starting in the city, office absorption is likely to be positive once again through 2012, with a strong forecast of 3 percent job growth this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Khoshbin Co., a privately held Irvine, Calif.-based real estate firm, has just completed its acquisition of two office buildings in Houston\u2019s Greenspoint submarket, picking up 333 N. Sam Houston Parkway East and 10700 Interstate 45 North, two multi-tenant office buildings spanning 395,424 square feet. <\/p>\n","protected":false},"author":1201,"featured_media":1004039431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,21742,21747],"tags":[],"class_list":["post-1004040012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Khoshbin Co. 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