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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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Rare LEED Certification Awarded to Hines’ BG Group Place

Rare LEED Certification Awarded to Hines’ BG Group Place

By Georgiana Mihaila, Associate Editor Hines’ newest U.S. skyscraper, BG Group Place, has received a Platinum-level certification under the U.S. Green Building Council’s LEED for Core & Shell rating system. The rare distinction places the downtown skyscraper among the only three [...]…

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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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