Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
HOUSTON-Dan Smith, with Transwestern Commercial Services for 21 years, is named Staubach's vice president. Smith already has hired one new broker and plans to add up to seven more in the next 12 to 18 months.
SUGAR LAND, TX-Comerica Bank-Texas waited two years for the right buyer to come along for a closed health-care facility. With the deal done, Wilcox Investments will now start huddling over the rehab for two buildings, totaling 72,370 sf.
HOUSTON-Urban Meridian of Houston acquires a fully occupied distribution center from its longtime owner. The three-acre asset went under contract a week after it came to market for $1.7 million.
HOUSTON-BGK Properties outdistances 10 others for the 159,078-sf, fully leased Creekridge II, a sister to a purchase made two years ago. The two tenants' names helped push the price for its longtime owner.
HOUSTON-Educare Community Living combines two offices, but gains more space with a seven-year lease in a northwest submarket service center at 9777 W. Gulf Bank. The tenant is vacating office space in the south and northwest submarkets.
PASADENA, TX-Location and 16 years left on the lease stir the high interest in the Lennar Partners' offering. The asset, picked up in a foreclosure, reeled in more than $11 million, real estate sources say.
SUGAR LAND, TX-Charter Title Co. Fort Bend takes 8,419 sf for three years, marking the first deal to close for the 600,000-sf office component, now under construction in the $200-million Sugar Land Town Square.
HOUSTON-CBM Engineers pens a three-year lease for 1700 W. Loop South, where it's been a tenant since the building opened in the early 1980s. More deals are pending as the owner, CMD Realty Investors, pushes to backfill a loss that has occupancy at 60%.
HOUSTON-Regal Beverage, a start-up distribution company, and B&G Popcorn move into 3,000-sf office/warehouse spaces in separate buildings in the northwest submarket. Both sign long-term leases at buildings with a going rate of 55 cents per sf gross.
THE WOODLANDS, TX-The AutoNation project is going up on nine acres with Interstate 45 visibility in an area where land, on the average, sells for $8.72 per sf. The Woodlands tract will house a BMW and Mini Cooper dealership.