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Hines Tapped to Manage Three-Building Energy Corridor Portfolio

Hines Tapped to Manage Three-Building Energy Corridor Portfolio

Franklin Street Properties Corp. has retained international real estate firm Hines to manage its three-building office portfolio in the West Houston Energy Corridor. The multi-tenant office portfolio is comprised of Energy Tower I—a 326,000-square-foot, 14-story building located at 11700 Katy Freeway; Phase I of The Offices at Park 10,…

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Forum Energy Tech to Occupy 68% of New Duke Realty Building

Forum Energy Tech to Occupy 68% of New Duke Realty Building

Duke Realty Corporation’s Houston office found a tenant for Sam Houston Crossing Two, its new, speculative suburban office building. Forum Energy Technologies, Inc.—a provider of manufactured technologies and applied products for the energy industry—signed a 108,639-square-foot lease and will be occupying the second and third floors of the building.…

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Energy XXI Expands Footprint at One City Centre; Law Firm Moves In at BG Group Place

Energy XXI Expands Footprint at One City Centre; Law Firm Moves In at BG Group Place

Oil and gas exploration and production company Energy XXI Services, LLC has decided to expand its presence on the Main Street Corridor. The company has signed a lease expansion for 28,168 square feet at One City Centre, bringing its total footprint at 128,133 square feet.…

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Skanska’s LEED Platinum Office Building Lands First Tenant

Skanska’s LEED Platinum Office Building Lands First Tenant

Skanska USA’s commercial development business unit in Houston has officially announced the first tenant lined up for its a state-of-the-art 3009 Post Oak Boulevard building, currently under construction. Datacert, Inc.—a 15-year-old global company based in Houston that provides enterprise legal management solutions—plans on relocating its corporate headquarters to the building.…

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Trammell Crow, Principal Start Work on Class AA Energy Center Three

Trammell Crow, Principal Start Work on Class AA Energy Center Three

A joint venture between Trammell Crow Company and Principal Real Estate Investors embarked on a quest to deliver the highest quality office building in the Energy Corridor, Energy Center Three. The developers have just broken ground on the Class AA, 546,372-square-foot office building that is to be located on the…

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Shorenstein Buys Exxon Mobil Building; Hilton Westchase Also Gets New Owners

Shorenstein Buys Exxon Mobil Building; Hilton Westchase Also Gets New Owners

The downtown Exxon Mobil building recently traded hands, with San Francisco-based Shorenstein Properties now being its new owner. Shorenstein purchased the property for Shorenstein Realty Investors Ten, L.P., a fund formed in 2010 with $1.23 billion in committed capital. Along with the sale, former owner Exxon Mobil Corporation also…

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One Hughes Landing Gets First Major Tenant, Construction Financing

One Hughes Landing Gets First Major Tenant, Construction Financing

One Hughes Landing, the first office building to be constructed at the Hughes Landing community that The Howard Hughes Corporation is planning for The Woodlands, now has a new major tenant, as well as construction financing. Layne Christensen Company has signed a 51,152-square-foot lease for the top two floors of…

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Houston Office Market Heats Up as 3 Buildings Change Hands; Invesco Emerges as Williams Tower Buyer

Houston Office Market Heats Up as 3 Buildings Change Hands; Invesco Emerges as Williams Tower Buyer

With Houston having already set an annual record in office sales, December closings will certainly stand as confirmation as investors seem to be herding local properties at an unusual pace.…

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PM Realty Buys Greenway Plaza Site for New Mixed-Use Development

PM Realty Buys Greenway Plaza Site for New Mixed-Use Development

Having recently broken ground on what could become Houston’s tallest apartment building—the 2929 Weslayan project—PM Realty Group has now purchased a 4.97-acre site with plans for a two-phase, mixed-use project.…

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$21M Houston Sale Marks Weingarten Realty’s Exit from Industrial Sector

$21M Houston Sale Marks Weingarten Realty’s Exit from Industrial Sector

In a move to reinforce its position as a shopping center owner, manager and developer, Weingarten Realty Investors has closed on the sale of its interest in three industrial joint ventures to Exeter Property Group’s Fund II.…

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W.P. Carey Affiliate Buys KBR Tower for $174.6M

W.P. Carey Affiliate Buys KBR Tower for $174.6M

The 1.04 million-square-foot KBR Tower in Houston’s Central Business District, along with its adjacent 1,500-space garage, have traded hands for $174.6 million; the buyer is Corporate Property Associates 17-Global, a public non-traded REIT affiliate of W. P. Carey Inc.…

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2929 Weslayan Multifamily Project Adds 5 Stories, Gets Construction Loan

2929 Weslayan Multifamily Project Adds 5 Stories, Gets Construction Loan

The 2929 Weslayan development that just broke ground at the northeast corner of Weslayan and West Alabama will be taller than expected, as new plans for the tower include an extra five stories.…

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