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Downtown Houston's YMCA building, a handsome fixture built in 1941, will be demolished and its site will be sold to Chevron, according to a story by Nancy Sarnoff in the Houston Chronicle. The YMCA building is located at 1600 Louisiana at Pease. Chevron owns nearby office towers and it is anticipated that Chevron will build another tower on the YMCA block. Sarnoff reported that a new YMCA will be constructed nearby on a block bounded by Pease, Jefferson, Travis and Milam.

The Bivins Blog

July 1, 2008 - Holliday Fenoglio Fowler arranged a $23.53 million construction loan for a speculative Class A, 180,000-sf office development in The Woodlands.

Working exclusively on behalf of Stream Realty Partners, Matt Kafka and Adam Jackson placed the non-recourse construction loan with Wachovia Bank, N.A.

Situated on 35.5 acres at 1601 Sawdust Road, the development site is within The Woodlands master planned community north of Houston. The building, called Sierra Pines, is due for completion in January 2009 and is the first phase of a three-building, 540,000-sf office development.

June 30, 2008 - Grubb & Ellis represented Weingarten Realty Investors in the sale of Northway Center, a 215,887-sf shopping center in near Northwest Houston. The 96 percent occupied center was purchased by an entity of Utah-based Satterfield Helm Management. The center is located at the southwest corner of U.S. 290 and 34th Street in Houston's near northwest sector, approximately 8 miles from downtown Houston. George Cushing and Wendy Vandeventer of Grubb & Ellis represented Weingarten.

June 27, 2008 - Grubb & Ellis represented Regency Centers in the sale of Highland Knolls Shopping Center. Highland Knolls is a 91,154-sf grocery-anchored center located on Mason Road in Katy just west of Houston. The center was purchased by SV Commercial Partners out of Denver. The center is anchored by Randall's grocery with national tenants Washington Mutual, Quizno's, TGF Haircutters and AT&T Wireless.

Specializing in retail investment sales, George Cushing and Wendy Vandeventer in the Houston office of Grubb & Ellis represented the seller.

June 26, 2008 - Broadway Partners, a national private real estate investment and management firm headquartered in New York, has sold One City Centre, a major tower in downtown Houston, to Behringer Harvard REIT I, Inc. for $131 million. One City Centre is a 31-story, 608,622-sf Class A office tower located at 1021 Main Street. Broadway Partners founder and CEO Scott Lawlor commented, “We’re pleased that we were able to reach agreement on this sale in the face of a very challenging climate for large commercial real estate transactions." Representing the Broadway in the transaction was Robert Williamson of Holliday Fenoglio Fowler.

June 25, 2008 - Houston-based GSL Welcome Group has purchased the massive Glazier Foods Co. headquarters and distribution facility in a triple-net sale-lease-back deal. The 280,000-sf Glazier facility is located at 11303 Antoine Drive, just north of the North Sam Houston Parkway in Houston. A $14 million, 160,000-sf expansion of the facility is under construction. Yancey-Hausman Commercial Real Estate Services had been marketing the Glazier property. Several REITs submitted bids after the national marketing effort, said Pat Pollan of Yancey-Hausman. Glazier, founded in Houston in 1936, is a family-owned firm. Welcome Wilson Jr. is president of GSL.

June 24, 2008 -- SAN ANTONIO - The General Land Office (GLO) of the State of Texas has sold 173.56 acres on behalf of the Permanent School Fund to Potranco Limited LP.

The property, known as Redbird Ranch, is located 18 miles west of downtown San Antonio. It has frontage on Potranco Road (FM 1957) and the proposed extension of State Highway 211. Nearby developments include Texas Research Park, CitiCorp US Center, Sea World, Briggs Ranch, Golf Course of Texas and many new residential developments including West Oak Estates and Rustic Oaks. Donna Kolius, Pierce Owens, Cody Persyn and Jeremy Richmond of CB Richard Ellis’ Portfolio Services along with Karen Woodard of Hudson and Marshall of Texas represented the GLO in the sale of the property.

June 23, 2008 - Heritage Texas Properties has acquired the 20-agent Royal Oaks Fine Properties, the principle real estate brokerage representing the gated luxury community at Royal Oaks Country Club in the Westchase area. Last year, Royal Oaks Fine Properties generated $90 million in total closed sales volume with an average sales price in the upper-$700s. Brandey Heckeroth, broker/owner of Royal Oaks Fine Properties, will remain with Heritage Texas Properties. Heritage is led by Robin Mueck and. With this addition, Heritage Texas Properties has nearly 100 real estate agents based in the Memorial /West Houston area, the most among Houston’s locally-owned real estate companies.

June 20, 2008 - GC Remediation, Ltd. bought an 18,000 sf freestanding warehouse with storage yard on 69,334 sf of land at 3020 Greens Road in Houston. B. Kelley Parker, III, SIOR, John F. Littman, SIOR, Jon Farris, SIOR, CCIM and Coe Parker of Cushman and Wakefield of Texas Inc.’s Houston office represented the seller in the negotiations.The seller was Cargo Forwarding Internationa. Greg Usher of Cypressbrook Company represented the buyer.

June 18, 2008 - Associated Global Systems, a shipping and logistics company, has renewed their lease of 42,000 sf at 2928 Greens Road in the North Hardy Toll Road industrial submarket. Glynn Mireles and Jeff Everist with CB Richard Ellis represented the tenant in the transaction while Stream Realty Partners represented the landlord, AMB Property Corporation.

June 17, 2008 - Grubb & Ellis Company represented Houston-based Memorial Hermann in its sale of a 20.1-acre redevelopment site in Missouri City to SDI Realty Management, Inc.

SDI Realty Management plans to raze the existing hospital and professional office building and redevelop the site into a retail center consisting of a Lowe’s Home Improvement store and other retail pad users. Located at the northeast corner of FM 1092 (Murphy Road) and Highway 6, the site is the last remaining corner tract at the intersection. Keith Lloyd and Sam Sheff of Grubb & Ellis represented Memorial Hermann. Kirk Guilanshah, System Executive Real Estate, also acted on behalf of Memorial Hermann.

June 16, 2008 - Archstone-Smith, an Englewood. Colo.-based firm, has purchased the Lofts at the Ballpark, a 375-unit apartment community. The project is located just east of Minute Maid Park, where the Houston Astros play. Editors note: The Astros lost three in a row to the New York Yankees over the weekend. Seems like it is about time for a major trade or a new manager if the 'Stros hope to salvage this season.

June 13, 2008 - Hines, the international real estate firm, has gained a major tenant for the skyscraper it is constructing in downtown Houston. KPMG LLP, the U.S. audit, tax and advisory firm, leased 108,904 sf on the top four floors of MainPlace. The 46-story, one million-square-foot office building is under construction at 811 Main. KPMG, which is currently located in Bank of America Center, will relocate to MainPlace upon building completion in 2011. Dan Bellow, John Burke and Ronnie Deyo of The Staubach Company represented KPMG in the transaction. Stewart Robinson and Chrissy Wilson represented Hines. The Hines firm has offices in 69 U.S. cities and 15 foreign countries.

June 11, 2008 - Hogan & Hartson LLP, a global law firm with 24 offices worldwide, has signed a 10 year lease to occupy the entire 43rd floor (17,519 sft) of Bank of America Center, located at 700 Louisiana St. in downtown Houston. The new space is double the size of the law firm’s previous location at Pennzoil Place. .Studley Executive Managing Director Rick Rome and Associate Director Nicole Miller of Studley’s Washington, DC office represented Hogan & Hartson in the transaction, along with Kevin Hodges of Studley’s Houston office. John Spafford of Houston-based PM Realty Group represented the building’s landlord in the transaction.

June 6, 2008 - Transwestern’s Houston office announced that it negotiated a 312,564 sf lease renewal and expansion at 1430 Enclave Parkway in Houston between the building owner, Piedmont Office Realty Trust, and the tenant, Shaw Group Incorporated.

Transwestern executive vice presidents, Eric Anderson and David Baker represented the landlord. Bill Bosack and Wendi Little of GFM Real Estate represented the tenant. The six story office building is located within the Enclave Office Park, which is south of the intersection of Eldridge Parkway and Interstate 10. The Enclave Office Park is located within Houston’s Energy Corridor

June 4, 2008 - Rob Johnson Interests is developing a 14-acre project in Deer Park, a communities on the east side of Houston. The development will be located at the intersection of Center Street and Pasadena Boulevard - the key intersection in the Deer Park community, Rob Johnson said. Johnson will develop a 12,000-sf retail project there. A 264-unit seniors housing complex, developed by Blazer Building, will be part of the development. ... In other news, HomeAway.com, an Austin-based firm specializing in vacation rentals, has acquired EscapeHomes.com. Please go to our Residential Topics page for more details.

June 3, 2008 - Houston-based John Daugherty Realtors, has set another new record in the company’s 41 year-history. The upscale residential real estate company recorded $137 million in sales in April 2008. “We participated in 31 transactions in the month of April that sold for $1,000,000 and above, while 50% of our transactions in April were $400,000 and below,” said John A. Daugherty, Jr., owner and president of John Daugherty, Realtors.

June 2, 2008 - A partnership of Stratus Properties and Canyon-Johnson Urban Fund is developing the W Hotel and Residences in Austin. The project will have 252 guest rooms. In addition, approximately 165 residential units, in one- to four-bedroom layouts, will be located on floors 18 to 37. HFF (Holliday Fenoglio Fowler, L.P.) arranged a $165 million construction loan for the project through Corus Bank.

May 30, 2008 - Urban Partners and Gables Residential topped out WEST AVE, a retail and residential mixed-use project at the corner of Westheimer and Kirby in Houston’s urban core. The project is being developed by Dallas-based Urban Partners and Gables Residential. Residential leasing commenced at WEST AVE earlier this month, as a portion of its 390 luxury apartments, averaging 1,070 sf, will be available for occupancy this August, while two floors and 180,000 sf of retail are slated to debut in 2009. Approximately 45,000 sf is being allocated to food and beverage, including a small grocery/market concept. Confirmed tenants include Rome, an approximately 10,000-square-foot destination day spa and salon; Pie Bar, a gourmet pizzeria and lounge; The Social House, a gatropub; Swig martini bar; Cru, a restaurant and wine bar; and Wildfish restaurant.

May 27, 2008 - Solar panels will be installed on every home in the new Discovery at Spring Trails community north of Houston. The community’s developer, Land Tejas Companies, calls the project a "hybrid community” because each new home in the community will be powered by a combination of solar and conventionally generated electricity.

Located in north Houston, near the Hardy Toll Road and Rayford Road, Discovery at Spring Trails is one of the country’s first master-planned communities to incorporate GE's ecomagination Homebuilder Program across a diverse group of builders. Homes in Discovery are priced from the $170,000s to the $400,000s.

May 26, 2008 - Behringer Harvard, a Texas-based REIT, has contracted to buy the 31-story One City Centre in downtown Houston. The building, 1021 Main St., is being sold off by Broadway Partners. Holliday Fenoglio Fowler has been marketing the office property, which has a total of 610,000 square feet. Since Broadway Partners bought the tower a little over a year ago the occupancy rate has increased from 89 percent to 95 percent.. Transwestern's David Baker and Eric Anderson handle leasing and marketing efforts on behalf of Broadway. The transaction will be valued at more than $100 million.

May 23, 2008 - Woodcreek Development Co., a firm founded by J. Troy Maxwell, will develop the Reserve a Park Ten office building in the Energy Corridor area of west Houston. It will be a six-story, 146,238 sf at the northeast corner of Park Ten Place and Broadfield Blvd. Greg Young of Live Oak Capital, Ltd. arranged a $25.4 million construction loan on behalf of Woodcreek Development Company through Houston’s Amegy Bank. The two-year loan represents 75 percent of total construction costs.

May 20, 2008 - Newland Communities has purchased 3,000 additional acres in Goodyear, Ariz. for $51.3 million or $17,000 per acre. Newland, a San Diego-based firm, is creating the Estrella community there.

May 19, 2008 - The FIve Post Oak Park building, which was recently purchased by a Shorenstein Properties fund, fetched a record price, according to an article by Jennifer Dawson of the Houston Business Journal. Dawson, quoting an unnamed real estate person, reported the building sold for $122 million or $215 psf. That was a record for Houston's Galleria area. Crescent was the seller of the building, a 28-story, 567,000-sf tower.

May 15, 2008 - The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) handled the sale of 675 Bering Drive, a 135,680-sf office building plus a six-level, 386-space parking garage in Houston. HFF senior managing director Dan Miller and associate director Marty Hogan led the investment sales team exclusively on behalf of the seller, Goddard Investment Group. Griffin Partners 675 Bering L.P. purchased the property for an undisclosed amount free and clear of debt. The eight-story office building is 70 percent leased

May 14, 2008 - HFF (Holliday Fenoglio Fowler, L.P.) handled the sale of Ridglea Bank Building, an 181,601-sf office building in Fort Worth. The Dallas office of HFF exclusively represented the seller, a partnership between Dallas-based Cawley Partners and New York-based Greenstreet Real Estate Partners, in the transaction. HFF also arranged acquisition financing for the purchaser, GNL Properties, through GE Real Estate. The 12-story Ridglea Bank Building is currently 98% leased and has strong historical occupancy. Located at 6300 Ridglea Place in Fort Worth, the property is off Camp Bowie Boulevard adjacent to the Ridglea Country Club entrance and minutes from Interstate 30 and Loop 820.

May 9, 2008 - JAW Equity Management LLC completed the acquisition of five apartment communities comprising 1,265 units in Houston from the Whittaker Lauderdale Group. All five properties will be renovated over the next four months and four have been renamed. Westbrook Place (340 units) is now The Lodge. Waterstone (294 units) is now Waterfall Park. Greenridge Park (252 units) is now Live Oak Bend. Wayforest Glen (155 units) is now Courtyard Manor. Ashford Pointe (224 units) is keeping its name.

Todd Marix, Tre Banks, Todd Stewart and Craig LaFollette of CB Richard Ellis, Inc. represented the Whittaker Lauderdale Group and David Fantin of Lifestyles Realty represented JAW Equity Management LLC on this transaction.

JAW Equity Management LLC, created in 2004, is led by Emery Jakab.

May 5, 2008 A joint venture of Houston-based Mission Equities GP, LLC and Baltimore-based Alex Brown Realty, Incorporated, has purchasedf the St. Joseph Professional Building, a 138,586 sf medical office building in Houston. Alex Brown Realty Chesapeake Fund III, a value-added real estate investment fund sponsored by Alex Brown Realty, provided an equity commitment along with Mission’s equity to the venture. Equity capital and debt were arranged by Robert LaRue of Live Oak Capital. Whitney National Bank in Houston provided the acquisition and redevelopment loan for the project. Tim Gregory of Transwestern Houston represented the seller, ORIX, in the transaction. Transwestern’s Healthcare advisory team will continue to handle the leasing responsibilities for the new owners.
The St. Joseph Professional Building, located at 2000 Crawford, is an 18-story medical office building constructed in 1964.

May 2, 2008 - Hines REIT Properties has finalized its $272 million purchase of the 64-story Williams Tower, which was formerly known as Transco Tower. Included in the sale was an interest in some nearby land parcels, including the Waterwall Park. The seller, Transco Tower Limited, was represented by Cushman & Wakefield. The 1.5 million-sf tower was completed in 1982. Hines Chairman Mr. Gerald D. Hines commented, “Williams Tower has been an icon for more than half of our firm’s 50-year history. It is a part of our legacy and we will continue to be good stewards of it.”

April 30, 2008 - Luber Brothers bought a new 21,500 sf office warehouse at 15375 Vantage Parkway East. The Seller was Turnkey Building and Design. Andrew Sowell, Clay Peeples and Bo Pettit, all with Boyd Commercial handled the sale..

April 27, 2008 - The developers of West Ave, a mixed-used project under development at the southwest corner of Westheimer and Kirby, have signed several restaurants as tenants, according to Nancy Sarknoff's column in the Sunday Houston Chronicle. The tenants include Cru, a wine bar. The project, slated to have 390 apartment units and 180,000 sf of retail, is being developed by Urban Partners of Dallas and Gables Residential.

April 25, 2008 - Enbridge Energy Partners, LP, operators of the world’s longest crude oil and liquids pipeline system, has renewed their current lease of 219,738 sf and expanded their presence to 264,400 sf with the addition of two floors, at 1100 Louisiana in downtown Houston. Charles Gordon, Kyle Kelley and Lance McCarthy with CB Richard Ellis represented the tenant in the transaction.

April 21, 2008 - National Real Estate Investor, a magazine for professional real estate investors, has ranked CB Richard Ellis No. 1 out of the 25 largest U.S.-based commercial real estate brokerage firms. The ranking, featured in the publication’s April 2008 issue, is based on the aggregate value of sales and leasing transactions completed globally during 2007. CB Richard Ellis was responsible for more than $264.2 billion of global sales and leasing transactions in 2007...... In other news, Prudential Gary Greene, Realtors has launched a new division specializing in commercial transactions, said Mark Woodroof, partner of the Houston-based company. Ray Allison has been tapped to serve as director of the Commercial Real Estate Services division, which is located at the company's corporate headquarters at 10575 Katy Freeway.

April 20, 2008 - The Woodlands Development Co. has announced plans to start constructing 4 Waterway Square, a nine-story, 216,000-sf Class-A office building in The Waterway Square District of The Woodlands Town Center, according to Dan Leverett, vice president of commercial for TWDC. The building will be located on The Woodlands Waterway, at the intersection of Waterway Square Place and Woodloch Forest Drive. The building was designed by Elkus-Manfredi of Boston, MA and will be constructed by Harvey Builders of Houston. Gensler Houston is the architect of record. The Woodlands Development Co. is a limited partnership of Morgan Stanley and General Growth Properties.

April 19, 2008 - Interfin Cos., a firm led by Giorgio Borlenghi, is moving ahead with development of the northeast corner of Weslayan and West Alabama, according to a Houston Business Journal story by Jennifer Dawson. Interfin has developed a number of high-rise office and residential towers in Houston. Borlenghi is also beginning work on a 80-acre business park at the northwest corner of the Katy Freeway and Mason Road, Dawson reported.

April 14, 2008Scenic Houston recently honored Westway Park with its Scenic Star award in recognition of the mixed-used property’s positive contribution to Houston’s aesthetic environment. A business park located at the intersection of the Sam Houston Tollway and Clay Road, Westway Park was developed by Wolff Cos..

April 10, 2008 - The Commercial Expo, the most popular annual event in Houston's commercial realty scene, drew a large crowd last night to the InterContinental Hotel. The event is put on by the Houston Association of Realtors and SIOR. I saw a lot of familar faces in the crowd including, Ginger Wheless of RED News, Raymond Betz, Frank Fitzgerald, Jim Peters, Holden Rushing, Bob Hale, Michael Levitin, Lori Carper, Rita Klein, Dan Seal, Mike Chance, Larry Marks, Jeff Peden, Stan Creech, David Lapin, Karl Willmann, Dave Cook, Kent Dussair, Billy Gold, Bernard Branca, and Sam Scott, who runs CommercialGateway.com for HAR and many more.

April 9, 2008 - A spec office project in Westway Park, on Beltway 8 near Clay Road, has secured a major tenant -- a 125,000-sf lease by GE Oil & Gas. The office project was developed by Dienna Nelson Augustine Co. Leasing was handled by Transwestern and Colliers International. For more information: go to our Houston Deals page.

April 8, 2008 - Major hotel activity is unfolding in downtown Houston. The 1,200-room Hilton Americas Houston is now up for sale. The deal clears to way for a second convention hotel to be built in downtown. CB Richard Ellis has been retained by the city's Houston Convention Center Hotel Corp. to sell the hotel to the private sector. The Hilton reported strong revenues and good occupancy in 2007, said Mary Carolan of CBRE. The Hilton Americas, which opened in 2003, is located adjacent to the Geo. R. Brown Convention Center. City officials have been discussing building another convention hotel that would allow the city to attract mammoth-sized conventions. Ric Campo, head of the Houston-based apartment REIT Camden Property Trust, is the chairman of the city's hotel development corporation. In addition, a privately-owned 22-story Embassy Suites is under construction near the convention center.

April 7, 2008 - Marmaxx Operating Corp. has leased 50,000 sf of retail space at the Atascocita Commons Shopping Center located on FM 1960 just west of Lake Houston Parkway in the Humble/Kingwood submarket. The new TJMaxx/Homegoods store will be yet another heavyweight retailer addition to the shopping center that includes other major tenants, such as a SuperTarget, Kohl’s, Office Depot and Petco. The new retail center is owned and developed by the Trammell Crow Company and is expected for completion in the Fall of 2008. Matt Keener with CB Richard Ellis represented TCC and Culver Stedman with Page Partners represented the tenant.

April 6, 2008 - Transwestern has started construction on a new 700,000 sf multi-phase office project, Eldridge Oaks. Bordered by Terry Hershey Park, Eldridge Oaks is located just one mile south of Interstate 10 at the intersection of Eldridge Parkway and Enclave Parkway in west Houston. Eldridge Oaks will be a Class-A office project that will be built in two phases on a wooded 21-acre site. The first phase will be comprised of a 350,000 sf office tower and the additional land will be held for a similar second building. The first building will be complete in September of 2009.

April 3, 2008 - AMEC Paragon has signed a significant office space lease in northwest Houston. The engineering firm will be new office building developed by Duke Realty near the Sam Houston Parkway. The project, located in an area that is somewhat undersupplied by office development, is expected to be attractive to the engineering workforce in Northwest Houston, said Mark O'Donnell, executive vice president of the Studley real estate firm. For more details, please go to Leasing Briefs.

April 1, 2008 - The Houston-Galveston Area Council, a region-wide association of 133 local governments in the 13-county Gulf Coast Planning region of Texas, has expanded and renewed their lease of 62,000 sf of office space at 3555 Timmons in the Greenway Plaza submarket of Houston, Texas. Steve Rocher and Kristen Rabel with CB Richard Ellis represented the building’s owner, Timmons Lane, Inc., in the transaction.

March 31, 2008 - A new 400-acre neighborhood in The Woodlands’ Village of Sterling Ridge is now in development, with homebuilders purchasing lots in preparation for the kick-off of new home sales later this year, according to Buck Driggers, vice president of residential sales and development for The Woodlands Development Co. A total of 1,000 lots will be available to homebuilders. A variety of lot sizes, homes and price ranges will be offered, ranging from the $190’s to the mid-$400’s. Homebuilders will include Chesmar Homes, Gracepoint Homes, Highland Homes, Lennar, Plantation, Village Builders, David Weekley Homes and Wilshire Homes. The Woodlands Development Co. is a limited partnership of Morgan Stanley and General Growth Properties

March 28, 2008 - H-E-B Grocery Co. has purchased the Cypress Tower office building in San Antonio. The seller was KBS Realty Advisors. The 156,657-sf Cypress Tower is located at 1222 N. Main Avenue, north of downtown. Acquired by KBS in 1998, Cypress Tower is 54 percent leased. H-E-B, a San Antonio-based grocery retailer operating in Texas and Mexico, is the major tenant. Bill Rogalla, Senior Vice President/Acquisition Officer, KBS Realty Advisors, represented his firm, in the transaction. Chuck King of Travis Commercial, San Antonio, represented H-E-B.

March 27, 2008 Hines REIT has contracted to buy the Transco/Williams Tower near the Galleria for $272 million. The 65-story building has 1.5 million sf of space and it is 91 percent leased. The organization led by Gerald Hines built the tower in 1982 and it was called Transco Tower, until Williams Cos. bought out the Transco firm. The pipeline company leases 250,000 sf in the building, according to a document filed with the SEC. Included in the deal is a 48 percent interest in the Waterwall and the 2.8 acres that lies near the Waterwall. For years, Hines touted Transco Tower as the tallest building not in a downtown. Hines REIT is buying the building from Fosterlane Holdings, which represents Kuwaiti investors. The building has been marketed by Ken Page and David Chuoke of Cushman & Wakefield. The sale will close May 1.

March 24, 2008 - Grubb & Ellis announced that it represented League City MarketPlace, L.P. in the sale of the newly built, 51,744-sf League City Marketplace. The center was purchased by Fit Development, a California Limited Partnership, represented by Gregg Thompson of Placer Partners. The center is located at the northeast quadrant of I-45 and FM 646, in the rapidly growing League City area. Population is projected to increase over 13% in the next five years in the one-mile radius. George Cushing and Wendy Vandeventer of Grubb & Ellis represented the Seller. The Buyer was sourced by Ben Kogut of the Austin office of Grubb & Ellis.

March 23, 2008 - Fort Bend Independent School District trustees voted to purchase 62 acres for a new high school adjacent to Sienna Plantation. The board approved $3.4 million to purchase two tracts, the 62-acre site just east of Sienna Parkway on a site to be developed by Dallas-based Hillwood Residential, and an adjacent tract of 15 acres for a future elementary school.

March 20, 2008 - Fugro Properties has purchased a 31,137 sf office/industrial building at 6040 Rookin Street situated in the Hwy 59/Hwy 90 Alt industrial submarket. Lee Jeane with CB Richard Ellis represented the buyer in the transaction while Kyle Roberts with NAI Utah Commercial Real Estate represented the building’s seller, Price Toole Company, LLC

March 17, 2008 - The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) handled the sale of 12605 East Freeway, an 85,506-sf, six-story office building near the Port of Houston. The HFF investment sales team was led Dan Miller and Marty Hogan who marketed the property on behalf of the seller, Bayview USA Holdings. Rockwell Management Corporation purchased 12605 East Freeway free and clear of existing debt for an undisclosed amount. HFF associate director Matthew Kafka worked on behalf of the borrower, Rockwell Management Corporation to secure acquisition financing.

March 16, 2008 - Randall Davis Company has kicked off the Titan residential tower on Post Oak Boulevard in the Galleria area. Davis anticipates a 2010 completion of Titan, a sleek, 26-story tower on a prime 25,000-sf site just north of San Felipe. Prices at the Titan will range from the $400,000s to over $3 million. Randall Davis Company will be breaking ground on Sonoma, a mixed-use, mid-rise condo project in Houston’s Rice University/Village area in May 2008. David is currentl under construction on Diamond Beach, a mid-rise, beachfront condo project in Galveston and will complete Sapphire, a South Padre Island oceanfront high-rise condo in summer 2008.

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