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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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Nine Greenway Plaza Lands New Tenant

Nine Greenway Plaza Lands New Tenant

By Georgiana Mihaila, Associate Editor Accounting firm Briggs & Veselka Co. is leaving its longtime home at 6565-6575 West Loop South in favor of the 31-story Nine Greenway Plaza. The Houston Chronicle reports that the company has recently signed a lease [...]…

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HFF Secures $50M Refinancing for Houston’s Zaza Hotel

HFF Secures $50M Refinancing for Houston’s Zaza Hotel

By Georgiana Mihaila, Associate Editor Holliday Fenoglio Fowler L.P. arranged a $50 million refinancing for Houston’s luxurious Zaza Hotel. Working on behalf of the owners, HFF secured a 10-year, fixed-rate loan through Goldman Sachs Commercial Mortgage Capital L.P. Located in Houston’s Museum [...]…

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Waste Connections Plans New HQ in The Woodlands

Waste Connections Plans New HQ in The Woodlands

By Georgiana Mihaila, Associate Editor Following Nexeo Solutions’ lease at the soon-to-be-built 3 Waterway Square Place, The Woodlands has landed its second out-of-state company,  Folsom, Calif.-based waste giant Waste Connections. The company has publicly disclosed its plans of relocating to the master-planned [...]…

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Hines Takes Top Spot with Major Lease Renewal at Shell Plaza

Hines Takes Top Spot with Major Lease Renewal at Shell Plaza

By Georgiana Mihaila, Associate Editor The Houston office of international real estate firm Hines landed what is considered to be this year’s largest office lease in the world, renewing Shell’s lease at One Shell Plaza and Two Shell Plaza for a [...]…

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HFF Closes Sale of 2500 CityWest to CREF

HFF Closes Sale of 2500 CityWest to CREF

By Georgiana Mihaila, Associate Editor The 25-story Class A office tower in Houston’s Westchase District known as 2500 CityWest traded hands, according to an announcement by investment advisory firm Holliday Fenoglio Fowler L.P. Owner Thomas Properties Group Inc. and its affiliate TPG/CalSTRS [...]…

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Skanska Breaks Ground on Delayed 3009 Post Oak Blvd. High-Rise

Skanska Breaks Ground on Delayed 3009 Post Oak Blvd. High-Rise

By Georgiana Mihaila, Associate Editor Skanska USA’s Commercial Development business unit has made an official statement earlier this week, announcing the immediate construction start of the anticipated Class A office building at 3009 Post Oak Blvd. People familiar with the Houston [...]…

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Construction to Begin on 3 Waterway Square Place

Construction to Begin on 3 Waterway Square Place

By Georgiana Mihaila, Associate Editor The Class A 3 Waterway Square Place will soon begin construction, following Nexeo Solutions’ signing of a lease for the building’s top three floors. Nexeo Solutions, a newly independent company formed from the distribution division of [...]…

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