HOUSTON – (Realty News Report) – Paxion Capital has acquired a significant ownership stake in The Patrinely Group LLC, a Houston-based real estate development, management and investment company, positioning Patrinely for expansion and accelerated growth. The Patrinely Group’s executive leadership team will remain in place. The company will continue to operate under its current name … Read more
THE WOODLANDS, Texas – (Realty News Report) – 29th Street Capital has acquired Avana Sterling Ridge Apartments, a Class B, 254-unit multifamily property located in The Woodlands. This purchase marks 29th Street Capital’s 11th acquisition in the Houston area. The Chicago-based real estate operator continues to expand its presence across the region. “Avana Sterling Ridge … Read more
HP Plaza has been sold. HOUSTON – Northridge Capital LLC has acquired HP Plaza, a newly built 378,000-square-foot office campus located in CityPlace within the Springwoods Village development north of Houston. Completed in November 2018, HP Plaza was developed by Houston-based Patrinely Group for HP Inc., which occupies the entire property under a long-term lease. … Read more
Michael Scheurich, CEO of Arch-Con HOUSTON – (Realty News Report) – Although Houston currently has more office space than tenants, the region’s real estate market remains comparatively healthy, driven by robust industrial, retail and hospitality sectors. Will these trends continue into 2019? Is new construction the only force shaping the market, or is adaptive reuse … Read more
HOUSTON – (Realty News Report) – New York-based July Residential has purchased a 1,275-unit multifamily portfolio in Houston. The portfolio includes five apartment communities constructed between 1976 and 1983, located in the Westwood and Braeswood/Fondren submarkets of Southwest Houston and near William P. Hobby Airport, according to Berkadia. Berkadia arranged financing for the acquisition. July … Read more
Jason Gaines HOUSTON – (Realty News Report) – Retail space inside the Inner Loop is in short supply. According to NAI Partners, only about 70,000 square feet of Inner Loop retail space is currently vacant. “There’s been a clear shift toward the Inner Loop,” says Jason Gaines, who leads the retail division at NAI Partners. … Read more
Forum Energy Technologies has renewed its lease for 108,639 square feet at 10344 Sam Houston Park Drive in Houston for its global headquarters in Sam Houston Crossing II. HOUSTON – Forum Energy Technologies has renewed its lease for 108,639 square feet at 10344 Sam Houston Park Drive in Houston, maintaining its global headquarters at Sam … Read more
Holiday Inn in Tomball. HOUSTON — A company led by hotel investor Harish Dani has purchased a 72-room hotel in the Houston suburbs. CBRE Hotels brokered the sale of the Holiday Inn Express & Suites Houston NW–Tomball, located at 14055 Park Drive in Tomball, Texas. The buyer, PH Lodging Tomball, LLC, acquired the property from … Read more
GAINESVILLE, VA – (Realty News Report) – Ground has been broken on the first building of a 2.3 million-square-foot data center campus in northern Virginia, the Houston-based Patrinely Group announced. The project will occupy a 130-acre site and is being developed by Corscale, the data center division of Patrinely Group, in partnership with capital partner … Read more
Emerson acquired this building in Westchase. HOUSTON – Emerson, the St. Louis–based technology and engineering firm, has purchased a two-story, 151,000-square-foot building at 6001 Rogerdale Road in the Westchase area. The transaction was handled by JLL brokers Rudy Hubbard, Kevin McConn and Rick Goings, with Curtis Stanton of Axiom representing Emerson. The seller was 111 … Read more