Houston's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
A newly acquired multifamily asset will benefit from the update of US 290 because it is located along FM-529, a roadway with one of the highest traffic counts leading directly onto US 290.
A $33.45 million loan has been secured on behalf of borrower, MC Companies, for The Place at Castle Hills, in order to fund environmental improvements, including low-flow faucet aerators and shower heads.
Projects include the completion of the Members Choice Credit Union, the topping out of MD Anderson's new diagnostic and outpatient treatment center, and the renovation of 16001 Park Ten Place.
The largest property in Houston's central business district, Houston Center, has a new owner, Brookfield Asset Management, at an acquisition price of approximately $875 million, GlobeSt.com learns.
Capitol Tower sits in the central business district near landmark cultural neighbors that include the Theater District, the historic Market Square and Buffalo Bayou Park.
Office and residential growth are creating increased demand for retail, and local as well as out of state buyers are attracted to well-placed centers with strong tenants that draw on increasingly affluent surroundings.
The US Energy Information Administration forecasts that West Texas Intermediate crude will be priced at an average of $51 per barrel in 2018, continuing a stabilization of energy pricing that prevailed in 2017.