Houston
Weekly People and Company News
Lee & Associates – Houston announced the addition of Richard Glass to their team as Principal. Glass brings a wealth… Read more
$230M Microsoft Data Center Coming to San Antonio Suburb
Microsoft plans to open two data centers, called SAT 80 and SAT 81. The project will be 10 miles north… Read more
Whitestone REIT Unloads Two Adjacent Houston Strip Centers
Bridgewell Property Management has acquired two adjacent retail centers totaling more than 93,700 square feet in Houston. JLL represented the seller, Whitestone REIT.… Read more
Houston Leads the State in Adaptive Reuse Projects
Houston is seventh in the country and top in Texas for adaptive reuse projects. Of them, 60% are repurposed office spaces, while former hotels are also rising in popularity as a conversion source, with a 30% share. The old Houston Post Office was converted to… Read more
Dalfen Secures $90.6M Loan for 1 Million SF Houston Business Park
Affinius Capital – formerly Square Mile Capital Management and USAA Real Estate – originated a $90.6 million loan to facilitate… Read more
Port Houston Planning HQ Move
The thriving economic driver is building a new headquarters. Port Houston is leaving its current Port Houston administrative building, located… Read more
BWE Finds Refi Loans for Two Texas Affordable Projects
BWE closed five loan deals totaling over $65 million to refinance and renovate affordable housing properties. Two are in Texas.… Read more
Wayside Acquires Two N. Texas Extended-Stay Hotels
Wayside Investment Group has purchased two Extended Stay America Suites properties in Dallas – the 118-unit hotel on Frankford Road… Read more
Port Town Future Site For $77M, 1.2M SF Distribution Center
Provident Realty Advisors is on track to deliver Port 99, a 1.28 million square foot, class-A distribution center located in… Read more
Southern Land Company Developing Houston Multifamily, Office High-Rises
Southern Land Company (SLC) will develop a mixed-use project comprised of two buildings, one an office and the other a… Read more
Woods Capital Planning Two Dallas High-Rises
Woods Capital is looking to build two downtown Dallas high-rises. One, a 20-story residential tower, the other an office building… Read more
JLL Arranges $255M Refi for Texas SFR Developer
JLL has arranged a $255 million credit facility for SimplyHome, a developer of single-family rental (SFR) properties whose holdings encompass… Read more
Gulf Cos. Moves Houston HQ, Downsizes
Global engineering firm Gulf Companies has signed a 52,148-square-foot lease at the 14-story Eldridge Oaks office building in Houston, which will host… Read more
Texas Group Buys Six Affordable Housing Projects
Elizabeth Property Group (EPG) has closed on the acquisition of a portfolio of six Low Income Housing Tax Credit (LIHTC)… Read more
Houston Suburb Lands $400M Toilet Paper Plant
A Mexican-based toilet paper maker expects to spend over $400 million on a new plant in New Caney, about 30… Read more
Visitors, Workers Drive Record Loop Activity in Q2 Report
The Chicago Loop Alliance released its State of the Loop report for the second quarter of 2023 on downtown activity.… Read more
Morgan Group Opens Latest Pearl Apartment Venture
Pearl Rosemont has opened its first units to Houston residents. The Morgan Group expects to finish the remaining 13-story building’s… Read more
Report: Post-Pandemic Behavior Will Continue to Impact Cities’ CRE
A McKinsey report suggests that demand for urban core office and retail space will continue to decrease in the coming… Read more
Houston Bucks Soft Office Occupancy Trend
After four consecutive years of annual occupancy losses, the Houston office market saw positive net absorption in the first half… Read more