Houston
Washington Prime Seeks Bankruptcy Protection Following COVID Closures
Joining other shopping center operators that declared bankruptcy following last year’s shutdown amid the pandemic, Washington Prime Group (WPG) said… Read more
Lexington Realty Trust Emerges as Buyer of 737K-SF Portfolio
A newly constructed fully leased three-building class-A industrial portfolio recently sold for an undisclosed price to affiliates of Lexington Realty… Read more
Plans Are Afoot for Lower-Carbon Gas Manufacturing Facility
The Odessa Development Corporation and Houston-based Nacero Inc. plan to build a $6.5 to $7 billion lower carbon gasoline manufacturing… Read more
Construction Sector Faces Employment Challenges Amid Broader Recovery
In two separate announcements earlier this month, the Associated General Contractors of America (AGC) reported recovery-driven declines in construction-related employment.… Read more
Multifamily Refi Stays the Low Cap Rate Course
A recent refinancing continues the trend of quality apartments selling at low cap rates. Coral Island Apartments, a 316-unit garden-style… Read more
Oden Hughes Rebrands as OHT Partners
Austin-based multifamily development, construction and investment firm Oden Hughes has been renamed OHT Partners LLC. The new name pays homage… Read more
Grubbs Automotive Plans to Convert 32K SF to Volvo Dealership
A 20-year 31,845-square foot lease was recently inked for the property at 7620 Washington Ave. in Houston. Grubbs Automotive plans… Read more
Cold Creek Solutions’ Second Project is In the Works
As population growth surges to double-digit percentages especially in cities such as Austin and San Antonio, new food production facilities… Read more
Hardy Properties at Intercontinental Pivots with Move-In Ready Spaces
Move-in ready flex and industrial spaces are available at Hardy Properties at Intercontinental. The 865,000-square-foot business park is located at… Read more
Pecos City’s Baseball Vision is Soon to Be a Reality
Pecos City’s vision of becoming an elite baseball destination will come to fruition as it prepares to open a new… Read more
EZ Blockchain Begins Recruiting for Texas Push
EZ Blockchain made its shift to an energy focus three years ago and now, demand is taking the company south… Read more
First Two Tenants Choose Interwood Only Months After Completion
The first two tenants are confirmed for Interwood Distribution Center, a joint venture between Holt Lunsford Commercial Investments and GID… Read more
As Port Traffic Ramps Up, So Does Warehouse Development
Increasing amounts of containerized cargo are flowing through the country’s major maritime port complexes, in turn driving demand for warehouse… Read more
Brookfield Properties Acquires Newland, Expands Footprint
In a strategic effort to capitalize on current market conditions, Newland is joining Brookfield Properties. This acquisition of Newland and… Read more
Fort Capital Expands Industrial Portfolio by 620K SF
Fort Capital recently expanded its industrial portfolio with the acquisition of five class-B industrial properties totaling nearly 620,000 square feet… Read more
After Upgrades, Marathon Oil Tower is a New Building
M-M Properties purchased the Marathon Oil Tower located at 5555 San Felipe in Houston in 2018, and recently completed a… Read more
Single-Family Rental Development is Springing Up in Humble
An assemblage of 16 acres located on the eastside of West Lake Houston Parkway in Humble will soon give way… Read more
Multifamily Market Ready to Rebound
Houston’s multifamily market is set to rebound following a first quarter that showed a slowdown in deliveries and consistent demand… Read more
29th Street Capital Seizes on Undervalued Asset Near TMC
Privately held real estate investment firm 29th Street Capital (29SC), recently acquired Lincoln Medical Center Apartments for an undisclosed purchase… Read more