Houston
UniversalPegasus Renews 113K-SF Lease at Loop Central
UniversalPegasus International (UPI) renewed its 113,114-square-foot lease at 4848 Loop Central Dr. in Houston. The office building is corporate headquarters… Read more
Partnership Secures $53M Refi for Esperson
Contrarian Capital Management and Cameron Management obtained a loan totaling $52.8 million to refinance the Esperson, a 600,000-square-foot, historic property… Read more
Hines Buys Denver Tower for South Korean Investor for $194M
U.S. Bank Tower, a 26-story office tower in downtown Denver was acquired by Houston-based Hines for $194.23 million. The purchase… Read more
Valvoline Inks 472K SF at Port Crossing Commerce Center
Valvoline signed a lease for 472,000 square feet of space in Port Crossing Commerce Center, a Liberty Property Trust (LPT)… Read more
NAI Partners Sublease Index at 14% in December
The NAI Partners Sublease Index, a measure of the amount of sublease space as a percentage of total available space… Read more
Retail: Texas Annual Rent Growth Positive
Reis Inc.’s preliminary Q4 2018 report noted that, nationwide, retail vacancy rates remained unchanged quarter over quarter, while rent growth… Read more
Opportunity Zone Funds Come in Different Shapes and Sizes
The Dec. 3 update of Qualified Opportunity Zone funds, compiled by the National Council of State Housing Agencies (NCSHA), lists… Read more
TMG Brokers Sale of Saddle Brook West
The Multifamily Group (TMG) represented Zidell Companies in the sale of the 216-unit Saddle Brook West Apartments, a multifamily property… Read more
Ikea Planning Distribution Set-Up in Generation Park
International furniture distributor Ikea acquired 143.43 acres from McCord Development at Generation Park on Houston’s northeast side. With the land… Read more
The Billion Dollar Club: 2018’s Most Expensive Healthcare Development Projects
In 2018, 12 hospitals and health systems announced or unveiled facility expansions and renovations with price tags of $1 billion… Read more
Weaker Housing Market Drives Growth in Apartment Sector
A weaker national housing market continued to benefit the apartment market, according to research by Reis. The apartment vacancy rate was… Read more
Winston & Strawn Takes Down 62K SF at Skanska’s Capitol Tower
Law firm Winston & Strawn is leasing 62,515 square feet at Skanska’s under-construction Capitol Tower in downtown Houston. The tenant… Read more
Land Acquired for 560K-SF Cypress Preserve Logistics Center
Davis Commercial Development acquired 34.9 acres in north Houston, with plans to design and build Cypress Preserve Logistics Center. The… Read more
McDermott International Leases 524K-SF Energy Center Five
McDermott International Inc. announced plans to consolidate five of its Houston-area offices into a new building. The engineering and construction… Read more
Healthcare Real Estate Insights Names 2018 Award Winners
Healthcare Real Estate Insights™ announced the winners of the 2018 HREI Insights Awards™, the only national awards dedicated to recognizing… Read more
HOTWORX Continues Houston-Area Expansion
Boutique fitness company HOTWORX continued its Houston-area expansion, with plans to open up shop at three more locations. The company,… Read more
Hines Sells 150 Acres to Costco
Hines sold 150 acres in Katy, TX, which was to have been the site of Pintail Crossing Business Park. Hines… Read more
Recent Houston Leases
COSA Xentaur leased 22,800 square feet at 4141 World Houston Pkwy., Houston. NAI Partners’ Jake Wilkinson represented the tenant. … Read more
TH Real Estate Raises $330M for U.S. Industrial Fund
New York-based TH Real Estate, an affiliate of Nuveen, TIAA’s investment management arm, closed the TH Real Estate U.S. Strategic Industrial Fund… Read more