JLL Capital Markets has completed the sale of 777 Post Oak Boulevard, a 176,779-square-foot, Class-A, boutique office building in Houston’s Galleria/Uptown submarket. Most recently renovated in 2021, the nine-story office building is currently 70% leased to a diverse rent roll of tenants with four years of remaining weighted average lease term (WALT). 777 Post Oak Boulevard […]
CRE News
JLL Capital Markets sells 176,779-square-foot office building in Houston
Stream Realty Partners closes 38,230-square-foot lease in Houston office building
Stream Realty Partners represented building ownership on a new lease at 2200 Post Oak, a 22-story 326,200-square-foot Class-A office building in Houston’s Galleria submarket. The new tenant, McCarthy Building Companies Inc., signed a 38,230-square-foot lease and is set to move into the space in 2025. The building owner, Masaveu Real Estate, was represented by Stream Senior […]
Industrial vacancy rates are rising, but average rents in Detroit are climbing, too
The industrial vacancy rate across the country jumped to 5.2% at the end of March, according to the latest research from CommercialEdge. But in good news for Detroit, this Midwest city saw a 4% increase in its average industrial rent during the first quarter of 2024. Those were two key trends highlighted in CommercialEdge’s April National […]
Byline Bank provides $14 million in financing for construction of 257,000-square-foot industrial building in San Antonio
Byline Bank’s Commercial Real Estate Group has closed on $14 million in financing for the construction of a 257,000-sq-ft industrial building in San Antonio, Texas. The speculative development will deliver much-needed Class A industrial space to the northeast submarket of San Antonio. The borrower is a joint venture between TradeLane Properties Fund III and Phelan […]
Networking
Centersquare leases 30,342 square feet at Coppell’s Cypress Waters
JLL announced that Centersquare has leased 30,342 square feet at Cypress Waters. Located at 3100 Olympus Blvd. in Coppell, Texas, this new space will serve as the new headquarters for approximately 150 employees of Centersquare, a provider of colocation, connectivity and infrastructure solutions. The relocation comes on the heels of the successful acquisition of Cyxtera by Evoque […]
Savills names CRE veteran as co-president of Texas region
Savills appointed Cally Miltenberger as co-president for its Texas region. Miltenberger is an accomplished commercial real estate executive with deep roots in the Dallas Fort-Worth metroplex and has over 19 years of industry experience. As Co-President, Texas Region, Miltenberger will partner with current Texas President Mark O’Donnell to execute a strategic expansion of Savills across the region. This […]
Adolfson & Peterson Construction names VP of Central Texas region
Adolfson & Peterson Construction promoted Eric Churchill to Vice President of Central Texas. Churchill takes on this role less than two years after joining AP as Central Texas Business Development Director. In his new position, Churchill works with regional leadership to provide direction and drive AP’s Central Texas expansion efforts. To that end, he is also responsible […]
Itasca’s ML Realty Partners names asset manager
Matt Lamers has joined Itasca, Illinois-based ML Realty Partners as an asset manager. Lamers will focus on Chicagoland and Dallas-Fort Worth portfolio management for ML Realty Partners. Lamers was previously employed with Lincoln Advisors and holds a Bachelor of Business Administration degree from University of Wisconsin-Madison.
Illinois’ ML Realty Partners names senior asset manager
Itasca, Illinois-based ML Realty Partners promoted Ben Salomone to senior asset manager. Salomone will oversee all day-to-day asset operations and third-party property management for ML Realty Partners in both Chicagoland and Dallas-Fort Worth markets.