HOUSTON – (By Cynthia Lescalleet for Realty News Report) – Levcor is undertaking a major modernization and expansion of MarqE, its 36-acre retail, entertainment and services campus, to broaden and enhance the site’s experiential offerings. Envisioned as a mixed-use destination with an emphasis on interactive attractions, the redevelopment will introduce more experience-driven retail, dining and … Read more
HOUSTON – (Realty News Report) – Austin-based Capital Commercial Investments Inc. has acquired The Offices at Greenhouse, a 203,284-square-foot Class A office building in Houston’s Energy Corridor, for $17.6 million. The five-story building sits on a 4.6-acre site at 19219 Katy Freeway near Greenhouse Road and was completed in 2014. Transwestern’s Doug Little, Kelli Gault … Read more
Rendering of the T3 RiNo office project in Denver. Design: Pickard Chilton Architects and DLR Group. DENVER – Hines, together with development partners McCaffrey and Ivanhoé Cambridge, has broken ground on a six-story, 240,000-square-foot creative office building framed with heavy timber. Branded T3 (Timber, Transit and Technology), the building will be located in Denver’s RiNo … Read more
HOUSTON – (Realty News Report) – John Spafford, a longtime Houston office market professional, has joined CBRE. Spafford served for 28 years with PMRG and Madison Marquette. The Houston office of Lee & Associates has hired Grant Walker as senior director to lead a national retail division. Prior to joining Lee & Associates, Walker worked … Read more
East-West’s property near Almeda Road. HOUSTON — East-West Furniture, an online importer and distributor, has acquired a two-building industrial distribution complex totaling 172,848 square feet on an eight-acre site at 175 Southbelt Industrial Drive in Houston. The company, which operates an ecommerce-driven furniture distribution business, chose Houston as the new location for its headquarters and … Read more
THE WOODLANDS – (Realty News Report) – A joint venture between Los Angeles-based Lowe and an institutional investor has acquired three hotels in The Woodlands for $252 million. The seller was The Howard Hughes Corporation, the developer of The Woodlands, a 28,500-acre master-planned community about 27 miles north of downtown Houston. Lowe announced it will … Read more
Rendering of the M-K-T project under development in The Heights. HOUSTON – (Realty News Report) – Miller Grossbard Advisors, LLP has signed a lease for 14,000 square feet of office space at the M-K-T mixed-use development in The Heights. The M-K-T project, an adaptive re-use development, is currently under construction as a joint venture between … Read more
STAFFORD, Texas – (Realty News Report) – Costco is preparing to open a new type of store in the Houston area: a Costco Business Center designed to serve small businesses, restaurants and retailers as well as regular members. The new Business Center will encompass approximately 148,000 square feet of retail space. It will carry heavy-duty … Read more
NEW YORK – (Realty News Report) – The International Council of Shopping Centers (ICSC), organizer of one of the world’s largest commercial real estate trade shows, has announced a significant reduction in its headquarters staff, according to recent reports. ICSC is best known for producing the annual RECon convention, which typically draws thousands of retail … Read more
Rendering, circa 1950, shows original vision for the Medical Towers building in Houston’s Texas Medical Center. HOUSTON – The historic Medical Towers building in the Texas Medical Center is being transformed into the 273-room Westin Houston Medical Center hotel. Pearl Hospitality of Houston is redeveloping the 18-story structure, originally opened in 1954 at 1709 Dryden … Read more