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THE WOODLANDS, TX-Kimco Developers will kick in "between 25% and 35%" of the total capitalization for the 468,000-sf Market Street, says developer Trademark. A local OK creates an economic development zone for the town center project.
SUGAR LAND, TX-Empire Title Co. takes 2,498 sf at Healix Place, a one-year-old office building in Sugar Land. In NASA's hub of Clear Lake, a psychiatrist stays put in his office along Gemini Street.
HOUSTON-An existing relationship between Yancey-Hausman and the building owner delivers the leasing and property management contract without competitive bidding, GlobeSt.com is told. The class B asset is 70% occupied.
HOUSTON-MetroNational won't be tapping the capital for 18 months, but it has locked in the financing with New York State Teachers Retirement System. The loan will replace a credit line now being tapped for the owner's share of a $300-million renovation.
HOUSTON-Affordable financing, limited supply and low selling prices have kept sales strong. A report says the downside is the selling price per sf for class B and C properties has dropped $8 per sf from last year's take-home average of $83 per sf.
SHELDON, TX-After a year on the market at a price tag of $1 million, a buyer steps up for a 37,000-sf industrial building on 30 acres in Houston's far northeast submarket. The site, primarily used as a storage yard, has traded to a tubing manufacturer.
THE WOODLANDS, TX-The Woodlands Town Center will start with 400 units of "for sale" and "for lease" products. The developers, all from Houston, are Threshold Interests; Hahnfeld, Witmer, Davis; James Badger Interests; and Morgan Residential.
HOUSTON-The renovated 3815 Montrose is getting a software company added to its tenant line-up while nearby 3701 Kirby Dr. lands an outsourcing firm that specializes in human resources.
HOUSTON-Lone Star Ventures buys the 7 1/2-acre tract for a used car lot. The asset came to market when the Northwood Lincoln Dealership moved to the FM 1960 submarket. The seller had the holding on the market two months for $1.6 million.
HOUSTON-Insignia/ESG takes over the 370,000-sf 1001 McKinney in the CBD while PM Realty is tasked with Redstone's three-building portfolio, totaling 305,000 sf, in the Galleria and Medical Center District.