Houston
Trouble for Houston CMBS Loans
Low oil prices mean trouble for energy companies — and trouble for office properties that rent space to those companies.… Read more
1,600-Acre Ranch Slated for Residential Development
Rockspring Capital, headquartered in Houston, sold the Ranches of San Geronimo, a 1,590-acre property northwest of San Antonio to Southerland… Read more
Avison Young Hires Doug Pack & Sam Hansen
Avison Young in Houston is forming, leading and building a new office project leasing team with the hire of Douglas… Read more
Patterson-UTI to Pay $1.76B for Seventy Seven Energy
Patterson-UTI Energy Inc. and Seventy Seven Energy Inc. entered into a definitive merger agreement valued at approximately $1.76B. Upon closing… Read more
8901 Gaylord in Houston Sells
DNA Interest LLC sold a two-story, 25,000-square-foot office building at 8901 Gaylord Dr. in Houston. The buyer was 8901 Gaylord… Read more
Houston Sublease Inventory Contracting
Houston’s office sublease inventory shrank during Q3 2016, according to local real estate market reports. The improvement is partly the… Read more
Pillarstone Acquires Portfolio for $84M
Pillarstone Capital REIT and Whitestone REIT, both in Houston, struck an $84-million deal for a 14-asset, Texas portfolio. As part… Read more
Hotel Construction Underway in Memorial City
Devan Lodging Group LLC has launched construction on a 120-key Hilton Homewood Suites at 9450 Katy Freeway, in the Memorial… Read more
Hanover Buys 2 Acres, Plans $150M MF
Multifamily developer Hanover Co. closed on 1.7 acres in Upper Kirby, on Steel Street, just off Kirby Drive near Kipling… Read more
$21M Loan Funds Imperial Medical Center Buy
Harrison Street Real Estate Partners and Pisula Development Co. joined forces to acquire the 128,000-square-foot Imperial Medical Center in Sugar… Read more
Starwood Launches Renovation on Westin Galleria Houston
Starwood Hotels & Resorts Worldwide has kicked off its $20 million renovation of the Westin Galleria Houston hotel. The property… Read more
Equinix to Pay $3.6B for Verizon Data Centers
Equinix Inc., headquartered in Redwood City, CA will pay New York-based Verizon Communications Inc. $3.6 billion to acquire 24 data… Read more
GMS Sells Acreage in Rosenberg for Retail
GMS Land sold three acres from a 65-acre parcel in Rosenberg, TX, and is also moving forward on its 108-acre,… Read more
Brookfield Acquires Downtown Houston Hotel
Brookfield Property Partners LP acquired the Doubletree by Hilton Hotel-Houston Downtown at 400 Dallas St. The Doubletree is connected to… Read more
BP to Invest $9B in Deep-Water Platform
BP, with U.S. headquarters in Houston, approved plans to spend $9 billion on a new oil-production platform at its Mad… Read more
Xceligent Launches in South Florida
Xceligent, which provides building data and marketing metrics to the commercial real estate industry, has expanded into South Florida. The… Read more
Investor Acquires Houston Building in Austin
Long View Equity, a real estate investment company headquartered in Austin, TX, acquired the 34,432-square-foot Houston Building, located at 9015… Read more
