Chevron Spending $67 Million to Renovate Houston Headquarters
Plans for a $66.5 million renovation at Chevron’s downtown Houston offices have been set in motion, following the oil and gas giant’s relocation from California to Texas. Chevron, led by chairman and CEO Mike Wirth, is building out its Houston headquarters, with plans to renovate the upper levels of its 40-story building at 1500 Louisiana […]
Daiso Expands in Texas With Pflugerville Shop
Daiso is opening yet another Texas store as it expands rapidly across Texas. The Japanese retailer leased 8,500 square feet at NewQuest Properties’ Stone Hill Town Center. The Pflugerville shop will give Daiso a foothold in one of the Austin metro area’s fastest-growing locations, as workers from the nearby Samsung and Tesla plants, as well […]
Endeavor Buys Austin Office Building Plaza on the Lake
Endeavor has purchased Plaza on the Lake, a recently renovated office building about six miles northwest of downtown Austin. The property, located at 5000 Plaza on the Lake, spans 120,800 square feet, making it one of the larger office deals this year in the capital city. Newmark’s Chris Murphy, Robert Hill and Gary Carr repped […]
OakPoint Seeks Mixed-Use Zoning for Austin Office Complex
Residential redevelopment may be on the horizon for an office complex in Northwest Austin. OakPoint has requested to rezone the three-story Park and Park North, at 8200 and 8300 North MoPac Expressway, to allow residential, retail and office uses, Towers reported. The properties were built in 1981 and 1999, respectively. OakPoint, based in Austin and […]
Nate Paul Puts two More Properties Into Bankruptcy
Nate Paul has put two more of his property companies into bankruptcy, including one of his most valuable development sites. The federally indicted real estate investor behind World Class Holdings filed to put the entities that own 56 East Avenue and 501 Waller Street into bankruptcy, records show. The East Avenue site covers one of […]
Denholtz Buys 213K SF Warehouses Between Austin and San Antonio
New Jersey-based investor Denholtz Properties has purchased a recently built industrial project in San Marcos from Freehill Development. It is Denholtz’s first acquisition in Texas. The property, called Clovis Crossing, is made up of two buildings spanning 213,000 square feet at 1603 Clovis Barker Road. The shallow-bay industrial development has 32-foot ceilings and covers 13 […]
Ashton Gray Targets Austin Suburbs
Ashton Gray is supersizing a mixed-use development in north Bastrop County, adding to its slew of projects in the Austin suburbs. The Houston-based firm was recently greenlit by the Elgin City Council to annex 75 acres into Briarwood, a 205-acre community slated for 772 single-family homes that’s also the city’s first municipal utility district. The […]
Why CitizenM is Betting on Austin Hospitality
Rani Gharbie knows a thing or two about the hospitality market. The managing director of investment and development for CitizenM Hotels, Gharbie is a veteran of Virgin Hotels, IHG and Hyatt, and he teaches private equity hotel development at Columbia University’s Graduate School of Architecture, Planning and Preservation. In his roles across the industry, he […]
Big Ass Fans, Lockheed Lease 350k SF in Fort Worth
Just as it finished construction of the Fort West Commerce Center in North Fort Worth, Dallas-based developer Creation locked in tenants for two of the project’s three industrial buildings. One tenant could equip an army; the other could keep it cool. Lockheed Martin leased Building C at the development, giving it a little over 136,000 […]
Related Companies Pursues Two-Tower Project on South Congress
The Related Companies has zeroed in on a 6-acre mixed-use project in Austin’s trendy SoCo District, an area that’s being overtaken with high-density developments, alongside its boutique shops and restaurants. Stephen Ross’ firm is pursuing a multi-tower project in the 500 block of South Congress; it’s slated for 800 residential units, a 225-key hotel, 200,000 […]
