THE WOODLANDS – Western Midstream Partners has leased the top five floors of 9950 Woodloch Forest Dr., a Class AAA office building. The 133,948-sf lease brings the 31-story tower to 35 percent leased. The asset is one of two office towers formerly home to Anadarko Petroleum Corp.’s headquarters. The pair totals 1.4 million sf. In […]
Archives: March 2020
Univar sells San Antonio asset
SAN ANTONIO – Univar Solutions USA Inc. has sold a 24,500-sf industrial property to private investors. The asset is on two acres at 4351 Director Dr. CBRE brokered the deal.
Engineering firm leases space in Westchase
HOUSTON – Schweitzer Engineering Laboratories has leased 43,568 sf in the Class B Oak Park Office Center in the Westchase area. The two-story, 173,400-sf building is on nearly 14.5 acres at 5850 Rogerdale Rd. Cushman & Wakefield represented the tenant, and Lincoln Property Co. represented the owner.
Novak, Trinity climbing Summit in Georgetown
GEORGETOWN – Novak Brothers Development is partnering with Trinity Private Equity Group on a 256-unit luxury multifamily project. The Summit Lofts will be the last phase of construction in the 32-acre Summit at Rivery Park master-planned community. When complete, the three-acre apartment project will include a seven-story parking garage with 494 spaces, fitness center, and […]
Dallas retail center trades hands
DALLAS – New Market Properties LLC, a subsidiary of Atlanta-based Preferred Apartment Communities, has purchased Midway Market. The 85,599-sf retail center at the corner of Frankford and Midway Roads is anchored by Kroger.
A Recession Does Not Equal a Housing Crisis
Some Highlights The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th. All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of […]
Canadian investor picks up Dallas office
DALLAS – ICM Asset Management has purchased the One Glen Lakes high rise. Built in 1984, the building at 8140 Walnut Hill Ln. is 70 percent leased. Lincoln Property Co. will manage and lease the asset.
Work wraps up on Katy apartment community
KATY – Dhanani Private Equity Group has completed the 288-unit Territory at Greenhouse apartment community at 2500 Greenhouse Rd. The Class A property offers one- to three-bedroom floor plans. Amenities include a pool, fitness center, resident clubhouse, business center, outdoor movie amphitheater, and dog park. Allied Orion Group was the general contractor.
FHFA suspends foreclosures, evictions for Enterprise-backed mortgages
WASHINGTON – The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac (the Enterprises) to suspend foreclosures and evictions for at least 60 days due to the COVID-19 (coronavirus) national emergency. The suspension applies to homeowners with an Enterprise-backed single-family home mortgage. Earlier this month, FHFA announced the Enterprises would provide payment forbearance […]
Austin housing sales strong in February
AUSTIN – Last month, home sales in the metro increased 6.8 percent since February 2019 to 2,524 sales, according to the Austin Board of Realtors (ABoR). “Historically low interest rates are a driver in the market response we saw in February and will continue to act as a driver despite our shared concerns over the impact […]