HOUSTON-Stone Creek Management bests seven others with an offer hovering $3 million to win the 113,211-sf Homestead Business Park. The deal's broker says the buyer, eyeing a long-term hold, is shopping the states for more industrial product to buy.
HOUSTON-Voter Consumer Research, ramping up for the November election, subleases 10,000 sf through yearend, carving out the first chunk from a 100,000-f block put on the market by Radisys Corp. which has 1.5 years left on its term at 5959 Corporate Dr.
HOUSTON-Derek Beck is now one of three vice presidents at Axis Property Advisors after an amicable parting with the Navisys Group as its leasing director for the past year. He hit the ground running by jumping into talks on several leases.
HOUSTON-RCA Holdings Ltd. hits the market with the balance of the portfolio, 2,432 apartments, all in Houston. The second wave, tagged at $99 million, comes just one month after it debuted a 2,951-unit portfolio in four states for $171 million.
HOUSTON-Andrews Kurth, a mainstay CBD law firm, adds 23,000 sf of class A space to a 200,000-sf lease at JPMorgan Chase Tower. The new lease will run co-terminus with a long-term pact signed three years ago.
BROWNSVILLE, TX-With Circuit City tied to a 15-year lease, the new development at 2451 Pablo Kisel Road baits 15 offers in six months. The high bid is placed by a Long Beach, CA private investor with 1031 Exchange capital.
HOUSTON-The distribution component at Bondesen Business Park lands a Texas newcomer for 70,255 sf while the balance of the deal-making goes to a Lincolnshire, IL company that's consolidating three leased sites within the city.
HUMBLE, TX-Cencor Realty and Weitzman Group best at least five other firms for the Deerbrook Marketplace assignments by one-year owner, DRA Advisors. The deal drives a heated race to the finish line due to a future development component.
HOUSTON-After 16 years, Bill Goeke leaves Houston-based PM Realty Group to become vice president and director of property management of a 337-property, 45.1-million-sf portfolio in 20 states. The job's been open for two years.
HOUSTON-A local seller grabs the first offer that comes along for the 12,847-sf Jones Road Center, which goes under contract in seven days and goes full circle in 45 days. The San Francisco buyer gets an asset with just 800 sf empty and upside in a rent hike.