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Hines, Ivanhoé Cambridge to Begin Building Latest Downtown Houston Skyscraper at Former Chronicle Site
Hines, in a partnership with Ivanhoé Cambridge, is proceeding with plans to build a 1 million-square-foot skyscraper on the former site of the Houston Chronicle building in downtown Houston, adding to the skyline of the fourth-biggest U.S. city. The...

Schlumberger Technology Renews, Expands 226,000-SF Energy Corridor Lease
Schlumberger Technology executed a renewal and expansion totaling approximately 226,000 square feet at 1430 Enclave Parkway in Houston for 10 years through 2028, according to a press release from Piedmont Office Realty Trust, which owns the building....

Fein Buys 3 Acres, Plans 304-Unit Luxury Multifamily Community in Uptown
More luxury multifamily units are headed for Houston’s hot Uptown neighborhood. Fein purchased 3.378 acres at 1317 Post Oak Park Dr. where the local multifamily development and management company plans to develop Reverie at River Hollow, a six-story...

Hines Seeks to Demolish McDonald's 'French Fry Building' for a New Village Center in Suburban Chicago
The "French Fry" building, which formerly housed McDonald's innovation offices, has been targeted for demolition by Hines as the company looks to re-zone the site for mixed use.Hines is seeking permission to level a McDonald’s Corp. building in Oak Brook...

Senior Housing Moves Downtown
A new senior housing building developed by Bridgewood Property and equity partner Harrison Street Capital at 1015 South Shepherd Drive, one of the housing communities the venture is developing. The quarter-acre development site on Kelvin Drive in Houston...

Silicon Valley Investor Purchases 460,000-SF NW Houston Industrial Portfolio Through Syndication
Pictured: Building 5 within the Eldridge Business Center in Houston, one of 19 properties acquired by Wilson Investment Properties in Houston.Wilson Investment Properties, a Silicon Valley-based real estate investment firm, acquired 19 buildings in six...

Waller County Growth Speeding Up With New 521-Acre Wolff Cos. Development, Beacon Hill
Longtime Houston-based land developer Wolff Cos. has acquired 521 acres in northwest Houston where it is planning to develop a new mixed-use project called Beacon Hill. Wolff Cos. paid $15 million to $20 million in cash in late June to acquire the...

Astros Sign Lease Ensuring Reigning World Champions Stay Downtown Through 2050
The lease extension at Minute Maid Park includes a $1 million rent increase beginning in 2018 through the remainder of the original lease in 2030, and another $1 million increase for the new lease extension. The Houston Astros signed a 25-year lease...

How Long Can Houston's Hotel Industry Enjoy The Lap Of Luxury?
The Rosewood Hotel, scheduled to break ground late next year at 5000 Richmond Ave. in Houston.Houston’s hotel sector got a shot in the arm in the aftermath of Hurricane Harvey. After 33 trillion gallons of water flooded tens of thousands of homes, Houstonians...

T-Mobile Signs Anchor Lease at River Oaks Tower, Acquires Building Naming Rights
T-Mobile inked a 30,000-square-foot lease for three-and-a-half floors at Medistar’s 17-story, 139,831-square-foot River Oaks Tower at 4126 Southwest Freeway in Houston. As part of the deal, T-Mobile signage will be installed atop the building, which...

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