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KATY, TX-The buyer pays about $18 million for the 145-key hotels and immediately raises its flag, Extended Stay Deluxe, in the far west submarket and Sugar Land.
HOUSTON-In a half-day session Nov. 1, experts from all walks of the industry will gather to offer tips for staying ahead of the game in a booming regional market.
HOUSTON-After owning the trophy since the 1980s, MetLife is selling the 1.7-million-sf trophy. The prize is predicted to top the $275-per-sf going rate of its CBD peers.
HOUSTON-Birchmont Capital Advisors, with two unrelated partners, ponies up about $172 million for class B complexes in Houston, Dallas, Fort Worth and San Antonio.
HOUSTON-Right Place Properties gets the 94-unit Braesforest Apartments as its inroad to the city. The rehab calls for $30,000 per door to convert it to condos.
THE WOODLANDS, TX-Inland American, Crescent and Morgan Stanley work out the trade of the 341-key Woodlands Waterway Marriott Hotel and Convention Center.
HOUSTON-Thanks to Bayport Terminal's opening and a robust economy, the port and neighbors are getting much of the credit for the overall 6.3% industrial vacancy.
HOUSTON-The local REIT pays $8.3 million for Pima Norte, a five-building office condo project in Carefree, AZ. The 50,000 sf will be leased rather than sold as condos.
HOUSTON-Lowe Enterprises and Buchanan Street Partners buy the class A tower from Transwestern Investment, opening the play with a plan to put $1.5 million into upgrades.