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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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Upscale BLVD Place Project Gets First Residential Component

Upscale BLVD Place Project Gets First Residential Component

While merely a few weeks ago local newspapers were reporting the construction start of phase II of the BLVD Place mixed-use development, Hanover Co. is now announcing that it will be adding a luxury apartment tower to the high-profile project.…

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Behringer Harvard, Trammell Crow Bring Luxury MF Project to Inner Loop

Behringer Harvard, Trammell Crow Bring Luxury MF Project to Inner Loop

Two well-known developers—Behringer Harvard and Trammell Crow Residential—have partnered to bring a new luxury multifamily development to the West University submarket of Houston’s Inner Loop.…

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KKR, Hines, Pinto Realty Partners to Develop 971-Acre Master-Planned Business Park

KKR, Hines, Pinto Realty Partners to Develop 971-Acre Master-Planned Business Park

Kohlberg Kravis Roberts & Co. has teamed with Hines and Pinto Realty Partners to develop a 971-acre master-planned business park at the corner of Beltway 8 and Interstate 45 in Houston.…

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Niagara Bottling to Build 356 KSF Facility in Lakeview Business Park

Niagara Bottling to Build 356 KSF Facility in Lakeview Business Park

Niagara Bottling will soon be headed to the Houston area, as the bottling company recently purchased a 25.7-acre site in Trammell Crow Co.’s Lakeview Business Park in Missouri City, Texas.…

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Two Briar Lake Plaza to Be Anchored by Samsung Engineering

Two Briar Lake Plaza to Be Anchored by Samsung Engineering

After landing Samsung Engineering as anchor tenant, Behringer Harvard REIT I is now ready to develop the final phase of Houston’s BriarLake Plaza: a 332,000-square-foot, Class A office building.…

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Phillips 66 Chooses Westchase District Site for New Global Headquarters

Phillips 66 Chooses Westchase District Site for New Global Headquarters

Independent downstream energy company Phillips 66 has released plans that it will soon start building its new global headquarters at a 14-acre site in the Westchase District.…

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Mill Creek Residential Buys Two Top Apartment Communities

Mill Creek Residential Buys Two Top Apartment Communities

In a move toward establishing its strategic presence in Houston, Mill Creek Residential Trust acquired two apartment communities in two distinct urban infill locations.…

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