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DRA to Seek Proposals for Main St. Tower

DRA to Seek Proposals for Main St. Tower

The Downtown Redevelopment Authority (DRA) of Houston recently issued a request for qualifications for the acquisition, clearing and development of a 35,579-square-foot site at 1111 Main St. The official RFQ calls for the development of a multifamily project and/or a mid- or high-rise hotel tower with extensive retail components on…

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TODAY’S DEALS: Kushner Cos. Acquires New York Walk-Up Portfolio for $131.5M

TODAY’S DEALS: Kushner Cos. Acquires New York Walk-Up Portfolio for $131.5M

Kushner Companies closes on the acquisition of a 16-building, 291-unit portfolio of Manhattan and Brooklyn multifamily walk-up properties; and HFF secures financing for a property near the University of Houston. …

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Urban Land Institute Unveils Vision for NRG Astrodome

Urban Land Institute Unveils Vision for NRG Astrodome

The future of Houston’s NRG Astrodome remains unclear, but strides are being made towards the repositioning of the Astrodome as a multi-use park. The Urban Land Institute (ULI) recently released a report that argues for the conversion of the stadium into a multi-use park that would enhance the quality…

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Hess Tower Designated a BOMA 360 Performance Building

Hess Tower Designated a BOMA 360 Performance Building

The Building Owners and Managers Association (BOMA) International recently designated the Hess Tower in Houston as a BOMA 360 Performance Building, according to an official CBRE press statement. The designation recognizes the industry’s best practices in building operations and management.…

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Stream Realty Jumpstarts 2015 with Multiple Industrial Leases

Stream Realty Jumpstarts 2015 with Multiple Industrial Leases

Stream Realty Partners has had a very busy new year. In spite of the recent concerns regarding the energy industry, in the first 45 days of 2015, the Dallas-based company managed to execute over 700,000 square feet of new, industrial leases in Houston.…

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BHW Breaks Ground on Luxury Apartment Community in Lake Jackson

BHW Breaks Ground on Luxury Apartment Community in Lake Jackson

Houston-based BHW recently broke ground for Plantation Park, a 238-unit luxury apartment community in Lake Jackson, TX. The first phase of the class A residential complex will be developed on a 27.9-acre site on Plantation Drive and is expected to span across 16 acres. The remaining acreage might be…

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BNY Subsidiary Exits Houston Market

BNY Subsidiary Exits Houston Market

CenterSquare Investment Management, the real asset investment subsidiary of BNY Mellon, announced its exit from the Houston real estate market with the sale of 1301 Fannin Street and the Villas at Hermann Park. The two assets were acquired through Urdang Value-Added Fund II (UVAF II), a $463 million value-added…

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Another SkyHouse Joins The Houston Skyline

Another SkyHouse Joins The Houston Skyline

The SkyHouse development partnership has broken ground on SkyHouse Main.…

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HFF Arranges $50M in Financing for Uptown Houston Office Building

HFF Arranges $50M in Financing for Uptown Houston Office Building

Pittsburgh-based HFF announced that it has recently arranged $50 million in financing for 3040 Post Oak Boulevard, a 427,486-square-foot office building part of the Lakes on Post Oak complex in Uptown Houston.…

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Stream Realty Announces Houston CBD Acquisition, Retail Center Grand Opening

Stream Realty Announces Houston CBD Acquisition, Retail Center Grand Opening

It’s been a busy new year for Stream Realty Partners, L.P. Just recently, the Dallas-based firm announced the grand opening of their Center at Pearland Parkway in Pearland and the acquisition of 600 Jefferson in the Houston CBD.…

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Trammell Crow Residential, Bluerock to Develop Luxury Apartments Near Texas Medical Center

Trammell Crow Residential, Bluerock to Develop Luxury Apartments Near Texas Medical Center

Trammell Crow Residential (TCR) and Bluerock Residential Growth REIT have joined forces for the development of a new, 269-unit apartment community in Houston. Dubbed Alexan Blaire House, the luxury community will be developed on a 4.2-acre tract just two miles from the renowned Texas Medical Center.…

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TODAY’S DEALS: Arbor Funds Five-Year FRM Under Freddie Mac’s New Loan Offering

TODAY’S DEALS: Arbor Funds Five-Year FRM Under Freddie Mac’s New Loan Offering

Arbor Commercial Mortgage funded its first loan under the newly launched Freddie Mac Small Balance Loan initiative for Nettleton Commons in Syracuse, N.Y.; and BMC Capital provides a $829,411 cash-out refinance. …

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