HOUSTON – (Realty News Report) – McCord, a Houston-based real estate firm, has acquired a former GlaxoSmithKline facility near Boston, marking a strategic step in the company’s expansion into the life sciences sector. In Houston, McCord is widely recognized for its 4,200-acre Generation Park development, where the firm is constructing a 100,000-square-foot medical office building. … Read more
The McCarty Business Park is part of a Houston portfolio purchased by an ATCAP fund. HOUSTON – ATCAP Fund I has acquired a four-property, 16-building industrial portfolio in Houston totaling 936,608 square feet. The HFF team of Trent Agnew and Rusty Tamlyn represented the seller, Stockbridge Capital Group, based in San Francisco. “Class B industrial … Read more
AUSTIN – (Realty News Report) – Austin-based Summit Hotel Properties has agreed to acquire 27 hotels located in Texas and nearby states from Dallas-based NewcrestImage for $822 million. The portfolio comprises 3,709 guestrooms, representing an average price of $209,000 per room. The acquisition includes the 195-room AC Hotel by Marriott Houston Downtown at 723 Main … Read more
Bellaire Town Center, which opened in 1949, is located on Bellaire Boulevard, two miles south of the Galleria. Photo by Ralph Bivins BELLAIRE, Texas — A 68-year-old shopping center shaded by large, mature oak trees is about to be demolished and rebuilt. The Bellaire Town Center, a two-story center with a minimal setback from South … Read more
John Daugherty HOUSTON – (Realty News Report) – Houston Realtors posted the strongest March on record as home sales rose nearly 5 percent compared with a year earlier, the Houston Association of Realtors reported. HAR recorded a record 7,072 single-family home sales in March, up from 6,740 in March 2018. Through the first quarter, year-to-date … Read more
HFF handled the sale of the Intellicenter building in northwest Houston. HOUSTON — Insite Commercial Real Estate has purchased Intellicenter, a 160,407-square-foot Class A office building located in northwest Houston. Intellicenter sits on a 12.8-acre site at 4650 Westway Park within the Westway Park office campus, developed by David Wolff’s Wolff Companies along the West … Read more
Rendering of Fulshear Marketplace. HOUSTON – Capital Retail Properties is developing a 17,200-square-foot retail center at the intersection of FM 1093 and FM 359 in Fulshear, just west of Houston. Designed by Gensler, the center is planned to break ground in fall 2019. The developer acquired five acres for the project and intends to offer … Read more
Ric Campo, Camden’s CEO, said, “Camden entered this time of uncertainty with an experienced management team, a sound business plan, and a strong balance sheet with solid credit metrics.” HOUSTON — (Realty News Report) – Camden Property Trust is taking a cautious approach to development amid the COVID-19 pandemic, confirming it has not begun construction … Read more
DALLAS – (Realty News Report) – CBRE Group has acquired a 35 percent interest in Industrious, a leading provider of flexible workplace solutions. As part of the agreement, CBRE’s flexible-space platform, Hana, will be merged into Industrious. Dallas hosts the only Hana location in Texas. With this transaction, CBRE becomes Industrious’ largest shareholder. The company … Read more
Bruce Rutherford HOUSTON – (Realty News Report) – A Houston real estate advisor warns that independent energy companies face rapid failure and that the Houston commercial property market will suffer as oil prices plunged to historic lows this week. JLL International Director Bruce Rutherford, who leads the Global Energy Practice Group for the international real … Read more