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Wells REIT Pays $70M for Second Westway Building

Wells REIT Pays $70M for Second Westway Building

By Georgiana Mihaila, Associate Editor Less than a year after announcing the acquisition of Westway One, a Class A building in Houston, on Jan. 31, Wells Core Office Income REIT is proud to announce that it has become owner of a [...]…

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Dinerstein Adds Luxury Rentals to Galleria Area

Dinerstein Adds Luxury Rentals to Galleria Area

By Georgiana Mihaila, Associate Editor Dinerstein Cos. plans to revive the ambitious High Street residential development originally planned by Fort Worth-based Trademark and halted in 2008. The developer has renamed the project Millennium High Street and has scaled it down considerably from [...]…

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Controversial Ashby Project Back in Spotlight with New Redevelopment Plan

Controversial Ashby Project Back in Spotlight with New Redevelopment Plan

By Georgiana Mihaila, Associate Editor The highly controversial Ashby High Rise project is back on the table, with its developers submitting construction plans to the city this past week. Buckhead Investment Partners Inc. has kept the original design for the project, [...]…

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Hess Tower Sale Could Set New Record

Hess Tower Sale Could Set New Record

By Georgiana Mihaila, Associate Editor As the brand new Hess Tower hits the market; speculation has it that the tower could set a new record for the Houston commercial market. Real estate experts estimate that the 29-story building could fetch as [...]…

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Houston Club Building Faces Uncertain Future After Skanska Purchase

Houston Club Building Faces Uncertain Future After Skanska Purchase

By Georgiana Mihaila, Associate Editor Swedish construction giant Skanska has acquired Downtown’s Houston Club Building for an undisclosed amount. The building has been serving as home to The Houston Club, one of the city’s most prominent organizations, for nearly 60 years. The [...]…

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UT Medical Branch Starts Work on $438M Jennie Sealy Hospital

UT Medical Branch Starts Work on $438M Jennie Sealy Hospital

By Georgiana Mihaila, Associate Editor Work on a new hospital will start in Galveston no later than this fall. The $438 million project, representing a major milestone in the University of Texas Medical Branch’s recovery from Hurricane Ike, which ravaged the Gulf [...]…

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Stalled Winfield Gate Townhome Project Slated for Restart

Stalled Winfield Gate Townhome Project Slated for Restart

By Georgiana Mihaila, Associate Editor Houston’s luxury home market is about to get boost as developers prepare to move ahead on the stalled Winfield Gate project. Rohe & Wright Builders is partnering with the Willis family, the property’s owners, to deliver [...]…

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Liberty Expands, Rebrands Northwest Business Park

Liberty Expands, Rebrands Northwest Business Park

By Georgiana Mihaila, Associate Editor Liberty Property Trust plans on adding 212,000 square feet to its Liberty Northwest Business Center. The company has recently broken ground on two new on-site buildings, its second and third sustainable development projects in Houston. The first [...]…

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Peloton Makes Houston Debut with Office Portfolio Purchase

Peloton Makes Houston Debut with Office Portfolio Purchase

By Georgiana Mihaila, Associate Editor Peloton Capital Partners teamed up with an Austin-based real estate private equity firm for the acquisition of a five-building, 347,258-square-foot office portfolio that marks the firm’s first foray into Houston. The purchase is part of an expansion [...]…

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NorthMarq Arranges Financing for One BrierLake, Energy Tower II

NorthMarq Arranges Financing for One BrierLake, Energy Tower II

By Georgiana Mihaila, Associate Editor With financing loosening up but still tough to come by, NorthMarq Capital has made it possible for a number of Houston properties lately. Behringer Harvard completed the financing of Houston’s One BrierLake Plaza. Proceeds from the deal, [...]…

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Spring Multi-Family Complex Hits the Market

Spring Multi-Family Complex Hits the Market

By Georgiana Mihaila, Associate Editor The Villages of  Louetta, a  gated multi-family complex in North Houston’s Spring  district, has come to market, Citybizlist reported. The seller is a joint venture between Prudential Real Estate Investors, on behalf of one of its advisory clients, and [...]…

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Wal-Mart Buys Back Mammoth Facility; Avia Joins Hyatt Family

Wal-Mart Buys Back Mammoth Facility; Avia Joins Hyatt Family

By Georgiana Mihaila, Associate Editor Wal-Mart Corp. recently acquired the distribution complex it manages in Baytown for a reported $104.5 million. The seller was the State of Texas School Fund, which bought the pair of buildings from the retail giant back [...]…

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