IRVINE, Calif. – JLL Capital Markets secured a $182 million refinancing for Intersect, a Southern California office campus owned by Hines, the global real estate investment, development and management firm headquartered in Houston. Acting on behalf of the borrower — a joint venture between Hines and a leading global investment manager — JLL arranged a … Read more
Ralph Bivins, Editor of Realty News Report, a Texas-based publication Realty News Report Editor Ralph Bivins Honored by NAREE DENVER — Ralph Bivins, editor of Realty News Report, has been named a winner in the National Association of Real Estate Editors’ (NAREE) 67th Annual Journalism Awards. This recognition highlights Bivins’ effective and engaging use of … Read more
HOUSTON – (Realty News Report) – A major Texas-based commercial real estate firm is ending its affiliation with the NAI Global network and will continue expanding under a new independent name: Partners. The company has opened a new Dallas office, giving it a presence across the Texas Triangle markets of Houston, Austin, San Antonio and … Read more
The tower at 700 Louisiana Street was renamed TC Energy Center. HOUSTON – A distinctive downtown skyscraper has a new name: TC Energy Center. The 56-story tower, completed in 1983, has now received its fifth official name since opening. Located at 700 Louisiana, the 1.2 million-square-foot building was developed by Hines and designed by Philip … Read more
The 600 Travis building is the tallest building in Texas. HOUSTON – (Realty News Report) – Hines, together with partner Cerberus Capital Management, has acquired the 600 Travis building, a 75-story office tower long recognized as the tallest building in Texas. The purchase price was not publicly disclosed. Real Estate Alert previously estimated the value … Read more
SUGAR LAND, Texas – (Realty News Report) – Minute Maid, a Coca-Cola brand, is moving its Houston-area operations to Atlanta, according to a report from CoStar News’ Atlanta bureau. Minute Maid has maintained offices in the Houston region since 1967, but the company is now relocating its operations to Atlanta, where Coca-Cola is headquartered. The … Read more
Three Sugar Creek HOUSTON – Wedge Properties Management has purchased Three Sugar Creek, a six-story, 154,263-square-foot Class A office building located in Sugar Land on the southwest side of the Houston metropolitan area. The HFF team represented the seller, Radler Enterprises, and secured the buyer. In addition, HFF arranged a 10-year fixed-rate acquisition loan on … Read more
Houston Methodist has signed a major lease for office space at a property near Loop 610 in Bellaire. Chevron sold the tract last year to SLS Properties, which plans a large redevelopment pending municipal approvals. BELLAIRE, Texas – (Realty News Report) – Bellaire Place, the former Chevron campus along Loop 610 in Bellaire, has secured … Read more
Bellaire’s water tower. Photo by R. Bivins BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) – The City of Bellaire reports that 1,936 of its 6,688 homes flooded during Hurricane Harvey. For decades, Bellaire’s home values have remained strong. This independent, well-located municipality surrounded by the City of Houston attracted investment and … Read more
Rendering of La Centerra’s final phase, which will be anchored by an Alamo Drafthouse Cinema. HOUSTON — Vista Equities Group, a Houston-based developer, together with equity partner Amstar Group, is moving forward with the final phase of LaCenterra at Cinco Ranch, the mixed-use project located along the Grand Parkway. The centerpiece of this last phase … Read more