Clayco Academy Baytown Ltd., a local investment group has purchased the 75,600 square-feet Academy Sports & Outdoors store. The real estate is located at 6425 Garth Road in Baytown from Wanamaker Baytown One, along with a 20-year net lease that began in October. Timothy Clay of Clay & Co. serves as trustee for the buyer. [...]
Ownership of a six-story office building tower from Sugar Land went from one investor to another. A Boston-based pension fund advisor acquired Two Sugar Creek Center on behalf of an unnamed institutional fund. They purchased the office building from a group of tenant-in-common owners, who were being advised by National Asset Services Inc. The recently [...]
A 578,000 square-foot Westchase office building and two adjacent development sites totaling 6.3 acres are now the property of Crimson Real Estate Fund. The Houston-based fund purchased the properties located at 2500 CityWest Blvd. for TGP/CalSTRS LLC and the California State Teachers Retirement System for more than $130 million. The terms of the deal were [...]
October was the fifth consecutive month of positive home sales in the Houston-area. On a year-to-date basis, sales have risen 3.4%. “Well, it seems to me like the more we distance ourselves from the tax credit last year, the more we can really judge where our market is,” said Transwestern vice president Carlos Bujosa, the [...]
Delta Associates released its latest report concerning Houston’s commercial real estate market, and their projection is very positive. Their statistics vary from those already published commercial reports, because it includes single-tenant and owner occupied space in its calculations. Delta Associates’ speaker, Tucker Carlson gave an inside look into the Houston-area office market’s present situation: a [...]
Houston-Sugar Land-Baytown area foreclosure filings for October are down by more than 25% from 2010 and more than 11% since the prior month, according to a report from RealtyTrac Inc. The Nov. 9 U.S. Foreclosure Market Report shows the following numbers: there were 3,044 foreclosure filings made last month, representing 1 out of every 745 [...]
Parcels purchased at the height of the housing market and slated for developments that never materialized hit the market now. This is the case with the 1,000-acre site in Fort Bend County, which is back on the block. The parcel is located on the Southeast corner of the Westpark Tollway and Harlem Road in Richmond. [...]
The high-profile Point West property on the island’s west end is now scheduled to be sold at a foreclosure sale. According to the Galveston County Daily News the sale will take place December 6. Their source cites a letter from Jason Leeds, president and COO of Terramesa Resort Properties, informing the staff about their situation: [...]
