HOUSTON – (Realty News Report) – New management has been appointed for Le Méridien Houston Downtown, a hotel located in a historic building designed by the architects behind the Astrodome. Development Service Group (DSG), an Atlanta-based hospitality developer, converted the 21-story midcentury office tower into a hotel a few years ago. The hotel occupies a … Read more
HOUSTON – (Realty News Report) – Radom Capital has secured $104,750,000 in financing for the Montrose Collective, a mixed-use development at the intersection of Montrose Boulevard and Westheimer. JLL arranged the construction loan with Bank OZK on behalf of Radom Capital and facilitated joint venture equity from institutional investors advised by J.P. Morgan Asset Management. … Read more
HOUSTON – (By Michelle Leigh Smith) – Houston’s commercial real estate market at midyear 2017 reflects a mix of strength and challenge. Retail and industrial sectors are showing resilience, while the office market continues to struggle under pressure from the energy downturn and shifting tenant preferences. Crude oil prices remain a drag on expectations for … Read more
RNR Real Estate Briefs from Realty News Report — MAGNOLIA, Texas – Parkside Capital has sold 35 acres to The Farm League. The site, at the corner of State Highway 149 and FM 1488 in Magnolia, will be developed into a recreational sports complex. Parkside Capital, working with Gulf Coast Commercial, also developed the nearby … Read more
Lockton Place HOUSTON – The International Association of Drilling Contractors (IADC) has signed a lease for 18,920 square feet to establish its headquarters in the new eight-story Lockton Place building at 3657 Briarpark Drive in the Westchase area. Founded in 1940, the association plans to relocate from its current offices at 10370 Richmond during the … Read more
AUSTIN – (Realty News Report) – Home construction is now underway at Homestead at Old Settlers Park, a 178‑acre master‑planned community located north of Austin in Round Rock. Austin continues to be one of the nation’s fastest‑growing markets and remains a top destination for people relocating from California. Major employers have expanded in the region, … Read more
Travis Park Plaza in Downtown San Antonio has been sold. SAN ANTONIO – Entrada Partners has acquired Travis Park Plaza, a 151,736-square-foot Class A office building located in downtown San Antonio. Constructed in 1970, the seven-story, granite-clad building and its attached six-story parking garage occupy nearly a full city block at 711 Navarro Street. “San … Read more
Simpkins Group sold this medical building in Round Rock, near Austin. Photo: JLL AUSTIN – (Realty News Report) – Simpkins Group, a Houston-based real estate firm led by Douglas Simpkins, has sold two healthcare properties in Central Texas. JLL handled the sale of two recently completed healthcare facilities totaling 35,000 square feet in the Austin … Read more
601 Travis HOUSTON – EDF Trading North America has signed a lease for 60,000 square feet of office space at 601 Travis Street in downtown Houston and will move from its current offices near Sam Houston Parkway in northwest Houston. This lease represents a welcome bit of positive news for downtown Houston, which has faced … Read more
1 Sugar Creek Center HOUSTON – Transwestern has completed 26,259 square feet of new leases at One Sugar Creek, a 193,998-square-foot Class A office building located at 1 Sugar Creek Center Blvd. in Sugar Land. Transwestern’s leasing team—Senior Managing Director Doug Little, Senior Vice President Louann Pereira and Senior Associate Matthew Seliger—represented landlord Equus Capital … Read more