Houston

KTR Capital Acquires its Fourth Houston Property

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HOUSTON-KTR Capital Partners, a real estate private equity firm, has bought its fourth Houston property.

Stream Launches Houston Retail Division

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HOUSTON-Less than six years after its local launch, Stream jumps into retail with a 1.4-million-square-foot portfolio. Heading up the division: Heather Nguyen, Mark Sondock and Ralph Tullier.

360-Unit Buy Launches Carroll's Texas Presence

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PEARLAND, TX-The Atlanta, GA-based buyer, with help from Starwood Capital, acquires Carrington Place at Shadow Creek Ranch, its first Texas deal.

Texaco Building to Become Luxury Apartments

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HOUSTON-The Texaco building at 1111 Rusk in downtown Houston will be converted into luxury apartments.

CenterPoint to Build New Facility to Consolidate Operations

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HOUSTON-CenterPoint Energy Inc. will start construction this week on a new building in Houston's East End.

Building Sustainability Moves from "Optional" to "Must Do"

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HOUSTON-Transwestern's Victoria Hollon tells Globest.com that energy costs, tenant demand and municipal codes mean building owners and property managers need to focus on sustainability.

DoubleTree Suites by Hilton Hotel Under New Ownership

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HOUSTON-Greenwich, Connecticut-based Wheelock Street Capital has bought the DoubleTree Suites by Hilton Hotel on Westheimer Road in the Galleria.

KBS REIT Sells West Loop South Office Building

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HOUSTON-KBS Real Estate Investment Trust Inc. has sold an office property at 2200 West Loop South to Miami-based Parmenter Realty Partners for an undisclosed price.

Azrieli Group Buys The Plaza at Enclave

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HOUSTON-BayNorth Capital Inc. and Core Real Estate have sold The Plaza at Enclave in Houston.

1 M-SF Marathon Oil Tower Management Assignment Goes to CBRE

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HOUSTON-CBRE, which has long had the leasing assignment for the class A office high-rise in the Galleria submarket, will also provide property management services.

Camden Increases 2012 FFO Guidance by 13%

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HOUSTON-Executives at the multifamily REIT’s Q4 2011 earnings conference were happy with 2011 and bullish about 2012, offering an FFO guidance of $3.30-$3.50 per share, an increase from $3.03 in 2011.

Apache Corp. Renews, Adds to Lease for Total of 497,000 SF

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HOUSTON-The oil company decides to stay put at its Post Oak Central office building, extending its current lease to five years beyond the 2013 expiration.

Market at Village Center in Cinco Ranch Trades for $17M

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HOUSTON-Florida-based Sterling Organization has partnered with Canada-based RioCan Real Estate Investment Trust to acquire The Market at Village Center, a 97,761-square-foot retail center Cinco Ranch, for an amount of $17 million.

Cassidy Turley Awarded Leasing Assignment for 1M-SF Post Oak Central

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HOUSTON-On the heels of the Apache Corp. renewal, owner JP Morgan aims to fill the office building, with help from former Crescent VP Eric Siegrist, who joins the Cassidy Turley team.

UCR Tapped to Lease 1M-SF West Oaks Mall

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HOUSTON-The retail company takes charge of leasing activities for the mall, as well as for Lakewood Forest and Highland Knolls shopping centers. Included: Commercial real estate news in the Southwest.

Morgan Group Refinances Multifamily Assets for $146M

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HOUSTON-The local developer and property manager arranges financing for five multifamily properties, totaling more than 17,000 units. Two of the assets are in Houston.

Noble Energy Leases Former Hewlett-Packard HQ in Houston

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HOUSTON-Principal Real Estate Investors and Trammell Crow Co. have secured Noble Energy Inc. as a new tenant to occupy the old Hewlett-Packard headquarters building in Houston.

Noble Takes Down 497,000 SF through Long-Term Lease

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HOUSTON-Following a six-month negotiation with owners Trammell Crow and Principal Real Estate, the energy company takes the former Hewlett-Packard office building, which will be called Noble Energy Center One.