Houston

Avenue Center, a three-story mixed-use community complex, will feature approximately 30,500 square feet of community programing designed to meet the needs of Near Northside residents.

Backed by experienced ownership and as one of the only historic office buildings in downtown Houston, Esperson presented lenders with a one-of-a-kind opportunity as lenders remain active in the market.

The $88 million project is part of the Houston Independent School District's voter-approved 2012 bond program, which calls for the renovation or rebuilding of 40 schools including 29 high schools in the district.

The site provides 1,500 feet of Katy Freeway visibility to 46,032 vehicles daily and is the first development in the 106.6-acre Pederson Distribution Park, situated between Brookline, Pederson and I-10.

The sale of Five Points represents a recurring trend of private equity capitalizing on stabilized secondary market retail centers at value-add pricing as institutional owners shift portfolios toward primary market core/core-plus assets.

Private capital's demand for industrial, coupled with the already strong appetite from buyers, has been a contributing factor in the cap rate compression during the last few years, says Moore in this <b>EXCLUSIVE</b>.

After leasing most of Farinon II to Ernst &amp; Young, Worth &amp; Associates has begun construction of Farinon Business Park III, the third of three buildings in Worth's master-planned business community.

McCarthy recently completed a build-out of the ninth floor of the Jan and Dan Duncan Neurological Research Institute, which includes approximately 23,000 square feet of new lab space.