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Skanska’s LEED Platinum Office Building Lands First Tenant

Skanska’s LEED Platinum Office Building Lands First Tenant

Skanska USA’s commercial development business unit in Houston has officially announced the first tenant lined up for its a state-of-the-art 3009 Post Oak Boulevard building, currently under construction. Datacert, Inc.—a 15-year-old global company based in Houston that provides enterprise legal management solutions—plans on relocating its corporate headquarters to the building.…

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Trammell Crow, Principal Start Work on Class AA Energy Center Three

Trammell Crow, Principal Start Work on Class AA Energy Center Three

A joint venture between Trammell Crow Company and Principal Real Estate Investors embarked on a quest to deliver the highest quality office building in the Energy Corridor, Energy Center Three. The developers have just broken ground on the Class AA, 546,372-square-foot office building that is to be located on the…

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Shorenstein Buys Exxon Mobil Building; Hilton Westchase Also Gets New Owners

Shorenstein Buys Exxon Mobil Building; Hilton Westchase Also Gets New Owners

The downtown Exxon Mobil building recently traded hands, with San Francisco-based Shorenstein Properties now being its new owner. Shorenstein purchased the property for Shorenstein Realty Investors Ten, L.P., a fund formed in 2010 with $1.23 billion in committed capital. Along with the sale, former owner Exxon Mobil Corporation also…

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One Hughes Landing Gets First Major Tenant, Construction Financing

One Hughes Landing Gets First Major Tenant, Construction Financing

One Hughes Landing, the first office building to be constructed at the Hughes Landing community that The Howard Hughes Corporation is planning for The Woodlands, now has a new major tenant, as well as construction financing. Layne Christensen Company has signed a 51,152-square-foot lease for the top two floors of…

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Houston Office Market Heats Up as 3 Buildings Change Hands; Invesco Emerges as Williams Tower Buyer

Houston Office Market Heats Up as 3 Buildings Change Hands; Invesco Emerges as Williams Tower Buyer

With Houston having already set an annual record in office sales, December closings will certainly stand as confirmation as investors seem to be herding local properties at an unusual pace.…

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PM Realty Buys Greenway Plaza Site for New Mixed-Use Development

PM Realty Buys Greenway Plaza Site for New Mixed-Use Development

Having recently broken ground on what could become Houston’s tallest apartment building—the 2929 Weslayan project—PM Realty Group has now purchased a 4.97-acre site with plans for a two-phase, mixed-use project.…

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$21M Houston Sale Marks Weingarten Realty’s Exit from Industrial Sector

$21M Houston Sale Marks Weingarten Realty’s Exit from Industrial Sector

In a move to reinforce its position as a shopping center owner, manager and developer, Weingarten Realty Investors has closed on the sale of its interest in three industrial joint ventures to Exeter Property Group’s Fund II.…

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W.P. Carey Affiliate Buys KBR Tower for $174.6M

W.P. Carey Affiliate Buys KBR Tower for $174.6M

The 1.04 million-square-foot KBR Tower in Houston’s Central Business District, along with its adjacent 1,500-space garage, have traded hands for $174.6 million; the buyer is Corporate Property Associates 17-Global, a public non-traded REIT affiliate of W. P. Carey Inc.…

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2929 Weslayan Multifamily Project Adds 5 Stories, Gets Construction Loan

2929 Weslayan Multifamily Project Adds 5 Stories, Gets Construction Loan

The 2929 Weslayan development that just broke ground at the northeast corner of Weslayan and West Alabama will be taller than expected, as new plans for the tower include an extra five stories.…

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Houston Club Moves to One Shell Plaza, Plans Multimillion-Dollar Club Renovation

Houston Club Moves to One Shell Plaza, Plans Multimillion-Dollar Club Renovation

The 118-year-old Houston Club has recently entered into an agreement with the Plaza Club to relocate to the Plaza Club’s current location on the 49th floor of the One Shell Plaza.…

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Crescent Buys 993-Acre Property for New Master-Planned Community

Crescent Buys 993-Acre Property for New Master-Planned Community

Following the acquisition of 993 acres in northeast Houston, Crescent Resources L.L.C. revealed plans to introduce its residential division to the Houston market. The newly acquired land, just one mile from Lake Houston and 25 miles northeast of the city's central business district, will accommodate a new master-planned community.…

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Beacon Pursues Texas Properties, Snags One City Centre

Beacon Pursues Texas Properties, Snags One City Centre

Following its purchase last month of Ashford 5, 6 and 7—a 560,000-square-foot office portfolio located in Houston's Energy Corridor—Beacon Investment Properties has now closed on One City Centre, a Class A office building located in the heart of Houston’s Central Business District.…

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