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Investors Show Interest in Houston Multifamily Assets

Investors Show Interest in Houston Multifamily Assets

By Georgiana Mihaila, Associate Editor The Oaks at Cypress Station apartment complex recently changed hands for a reported $11 million. The deal was brokered by Edward Nwokedi, senior director for Cushman & Wakefield Inc., with Lance Edwards of First Cornerstone Group [...]…

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Phoenix Tower Welcomes New York Life as Newest Tenant

Phoenix Tower Welcomes New York Life as Newest Tenant

By Georgiana Mihaila, Associate Editor After undergoing extensive renovations, the 34-story Phoenix Tower recently announced the addition of insurance company New York Life to its list of tenants. New York Life—the largest mutual life insurance company in the United States, with more [...]…

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McKinney, Pavilions Land New Tenants, Increase Occupancy Rates

McKinney, Pavilions Land New Tenants, Increase Occupancy Rates

By Georgiana Mihaila, Associate Editor The historic 1001 McKinney building has experienced a boost in occupancy rate after signing intellectual property law firm Conley Rose as its newest tenant. The 21,001-square-foot lease takes occupancy to 85 percent, considerably higher than the [...]…

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Strong Demand Drives More Plans for Woodlands

Strong Demand Drives More Plans for Woodlands

By Georgiana Mihaila, Associate Editor Currently the second-best-selling master-planned community in Texas and No. 4 nationwide, The Woodlands has gradually become home to more than 1,700 employers, including 100 major companies. More than 47,000 employees work in the 28,000-acre community 27 miles north [...]…

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Wood Partners Breaks Ground on $32M Westchase District Luxury Apartment Community

Wood Partners Breaks Ground on $32M Westchase District Luxury Apartment Community

By Georgiana Mihaila, Associate Editor On Feb. 27, Wood Partners L.L.C. officially broke ground on the $32.4 million Alta Woodlake Square, a luxury apartment community in the Westchase District of Houston. With its location set at 2630 Tanglewilde St., the community will [...]…

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Assisted Living Memory Care Community Breaks Ground in Katy

Assisted Living Memory Care Community Breaks Ground in Katy

By Georgiana Mihaila, Associate Editor A groundbreaking ceremony held on Feb. 16 marked the construction start of Evergreen Cottages, an assisted living memory care community in Katy. The community, located at 21715 Bridgewater Village Drive—near the intersection of Mason and Clay—is specifically [...]…

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HFF Arranges Sales of Two Prominent Houston Office Buildings

HFF Arranges Sales of Two Prominent Houston Office Buildings

By Georgiana Mihaila, Associate Editor Holliday Fenoglio Fowler L.P.’s Houston office can pride itself on a highly active presence in the local commercial market, having found buyers for two prominent office properties it was hired to market. Most recently, HFF announced the [...]…

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CBRE to Handle Management, Leasing for 4.2 MSF Houston Center

CBRE to Handle Management, Leasing for 4.2 MSF Houston Center

By Georgiana Mihaila, Associate Editor As of the end of January 2012, CBRE Group Inc. assumed property management and leasing responsibilities for the 4.2 million-square-foot Houston Center. The firm, considered to be the world’s largest commercial real estate services firm, was [...]…

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Sterling, RioCan Pay $17M for The Market at Village Center

Sterling, RioCan Pay $17M for The Market at Village Center

By Georgiana Mihaila, Associate Editor Sterling Organization, along with Canada’s largest real estate investment trust—RioCan—purchased The Market at Village Center in Cinco Ranch for a reported $17 million. The 97,761-square-foot Class A power center is shadow anchored by a 174,000-square-foot Super Target [...]…

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Brookhollow Slated for Renovation under New Ownership

Brookhollow Slated for Renovation under New Ownership

By Georgiana Mihaila, Associate Editor Parmenter Realty Partners marks its second Houston purchase—and the third purchase for Parmenter’s Realty Fund IV— along with the acquisition of Brookhollow Plaza I, II and III. The property, known as Brookhollow Central, is a Class A, [...]…

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Talisman, Direct Energy Place Bets on Houston

Talisman, Direct Energy Place Bets on Houston

By Georgiana Mihaila, Associate Editor With nearly half of its economic activity driven by the energy industry, Houston is living up to its name of “Energy Capital of the World” by landing two more companies. Talisman Energy USA plans on moving the [...]…

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Stream Plans Second Texas Private Data Center in The Woodlands

Stream Plans Second Texas Private Data Center in The Woodlands

By Georgiana Mihaila, Associate Editor Stream Data Centers has recently acquired 7.6 acres of land in The Woodlands master-planned community north of Houston, with plans of developing a new state-of-the-art data center facility. Dubbed Stream Private Data Center, the 75,500-square-foot facility [...]…

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