Archives

Dallas, TX - December 7, 2009 - (RealEstateRama) -- Equity Based Services, Inc. (“EBS”) announced today that it has acquired Advantage Self Storage in Plano, Texas, located at 3900 McDermott Road.

Houston, TX - December 2, 2009 - (RealEstateRama) -- Congressman Al Green (TX-09) expressed his support today for the Federal Transit Administration's decision to approve a project that aims to expand Houston's Light Rail System to different areas of the city

Lufkin Automation buys 6.2 acres for future 40,000 SF headquarters. Houston, TX - November 16, 2009 - (RealEstateRama) -- November 16, 2009 - Lufkin Automation, a provider of engineered products and services to oil and gas producers, has purchased a 6.2 acre land site within Lakeview Business Park. This marks the first land sale closed in the newly developed business park, which is located Missouri City, Texas, in Fort Bend County.

LOS ANGELES, CA - November 16, 2009 - (RealEstateRama) -- A Texas homeowner filed a class-action lawsuit today against KB Home (NYSE: KBH), Countrywide Financial and LandSafe Appraisal Services, claiming the three conspired to rig housing prices in Texas and Colorado, costing home purchasers millions of dollars and pushing homeowners into dangerous loans.

HOUSTON, TX - November 9, 2009 - (RealEstateRama) -- Texas Tower Limited, owner of the 75-story JPMorgan Chase Tower, announced today the acquisition of the adjacent JPMorgan Chase Center in downtown Houston from JPMorgan Chase.

Austin, TX - November 3, 2009 - (RealEstateRama) -- based Anew Realty Group, LLC has purchased the 91-unit apartment property Highland Oaks at 2121 West Irving Boulevard in Irving, Texas. The purchase was facilitated by the Marcus & Millichap Dallas office.

ATLANTA, TX - October 20, 2009 - (RealEstateRama) -- Hotel Indigo today announced the addition of two new properties in San Antonio to double the brand's presence in Texas.

Washington, DC - October 15, 2009 - (RealEstateRama) -- Yesterday Congressman Al Green (TX-09) delivered a statement in the House of Representatives expressing his support for three House Resolutions that convey condolences and solidarity to the people of the Philippines, Samoa, American Samoa and Indonesia, due to the natural disasters that have struck these nations in the past few weeks.

Houston, TX - October 7, 2009 - (RealEstateRama) -- The Radisson Denver North, Colorado, Texas has been sold. Lisa Hankamer of CB Richard Ellis' Hotels Group, announced that the sale of the 133-unit, interior corridor property occurred at the end of September 2009. The Hotel, which is a local landmark, has great visibility along I-25, just 10 minutes north of Downtown Denver and was sold free-and-clear of management and franchise affiliation. The new owners, Stone Castle Corporation, has over 20 year's experience operating hotels in the state of Colorado and have a proven track record for repositioning hotels within their respective market arenas. Approximately $6 million will be spent on upgrading the facility and rebranding. The group has a history operating under most of the major brands and has been quite successful in capturing a broader market base through their repositioning.

Dallas, TX - September 17, 2009 - (RealEstateRama) -- Equity Based Services, Inc. (“EBS”) announced today that they have purchased Advantage Storage in Rockwall, TX.

ATLANTA, GA - September 11, 2009 - (RealEstateRama) -- IHG (InterContinental Hotels Group) [LON: IHG, NYSE:IHG (ADRs)], the world's largest hotel group by number of rooms, today announced the Crowne Plaza Dallas Downtown will open within a month. The conversion hotel has undergone a $14 million renovation from the Hampton Inn Dallas-West End-Convention Center.

Wilmer, TX - September 8, 2009 - (RealEstateRama) -- US Industrial REIT II, an affiliate of USAA Real Estate Company, recently leased 286,000 square feet within its I-45 Tradeport 1 distribution facility, located at 101 Sunridge Blvd. in Southeastern Dallas County, to an undisclosed tenant.

HOUSTON, TX - September 8, 2009 - (RealEstateRama) -- Hines, the property and leasing manager for Phoenix Tower in Houston, on behalf of building owner FSP Phoenix Tower Limited Partnership (“FSPLP”), announced today that StarTex Power has expanded their lease space in the building by 9,922 square feet, bringing their total leased space on the premises to 20,038 square feet.

AUSTIN, TX - August 26, 2009 - (RealEstateRama) -- Is your office cluttered with annual reports from 2001? Two-year-old candy bar wrappers? Memos from your former boss’ ex-boss? Stacks of business cards from people you don’t remember meeting? Operating instructions for every cell phone you’ve ever owned?

HOUSTON, TX - July 27, 2009 - (RealEstateRama) -- Texas Children's Hospital today became the first Texas Medical Center (TMC) institution to lease space in Rice University's new BioScience Research Collaborative (BRC), a place where scientists and educators from the university and TMC institutions will work together to perform leading research that benefits human medicine and health.

Houston, TX - July 15, 2009 - (RealEstateRama) — GlennLock's Sports Bar and Grill by Aaron Glenn, has signed a lease for 5,487 square feet of space at the 15-acre Renaissance at Greenspoint project, which is the first phase of the re-development of Greenspoint Mall by the Triyar Cannon Group. GlennLock's will be the premier sports bar and grill concept in the $32 million project slated to open in the Spring of 2010.

Austin, TX - July 10, 2009 - (RealEstateRama) — Offering a cost-effective, highly professional choice for downtown Austin office space, Austin-based commercial real estate firm T. Stacy & Associates Inc. has launched Austin Centre Executive Suites at 701 Brazos St.

AUSTIN, TX - July 9, 2009 - (RealEstateRama) – Grubb & Ellis Realty Investors LLC today announced that it has built out and donated a 1,197-square-foot office unit at 816 Congress Ave. to four area nonprofit arts organizations rent-free for five years.

Houston, TX - July 7, 2009 - (RealEstateRama) — Houston incurred 720,000 square feet of negative absorption in the second quarter of 2009, according to CB Richard Ellis' Houston research group. The loss nearly doubles the city's first quarter loss, signifying that even Houston's strong market is no match for the country's current economic situation

CB Richard Ellis Releases Second Quarter '09 Industrial Report. Houston, Texas - July 7, 2009 - (RealEstateRama) — According to CB Richard Ellis, the Houston industrial market remains stable. Absorption in the first quarter posted 207,123 square feet, ushering the mid-year absorption to a negative 118,827 square feet. While 888,505 square feet of new construction was delivered in the second quarter and, 3.4 million square feet are currently under construction, financial constraints continue to leave developers digging for capital to complete multi-tenant speculative properties.