City: Houston
Goldman Sachs, Teachers Fund $102 Mln of Debt for Willowbrook Mall
The investment bank has structured an "A-B" loan that a General Growth Properties venture is using to finance its purchase of Houston's Willowbrook Mall. The investment bank will securitize the mall's senior portion.
GMAC Provides $24.3 Mln for Houston Technology Center
March 19, 2001 HOUSTON – Yale Properties USA and an institutional partner have received a $24.3 million loan from GMAC Commercial Mortgage Corp. for the Greenspoint Technology Center.Holliday Fenoglio Fowler LP arranged the adjustable-rate, three-year loan.The property, at the northwest ...
Houston’s Industrial Sector Posts Respectable Year After Slump
The industrial real estate market posted increases in net absorption and rents, thanks to a stronger energy sector in the local economy, according to a research report.
Southcentral Regional Digest (3/7/01): Houston office development on the rise
March 7, 2001 Century to begin construction on Houston office developmentWall Street JournalHOUSTON – Century Development is about to start construction on downtown Houston's third major office development in less than three years. Century is also finalizing a headquarters deal ...
Willowbrook Mall
1.5 mln-sf mall anchored by Dillard's, Foley's, JCPenney, Lord & Taylor, Sears; 93% occupied; inline stores generate annual sales of about $430/sf
United Investors Realty Trust Explores Liquidation
First Union Securities, the REIT's financial adviser, will explore either selling the company or the bulk of its assets.
Travelers Takes Over Houston Mall in Foreclosure
February 8, 2001HOUSTON – Travelers Insurance has taken over the 1.3 million-square-foot Sharpstown Center mall, which has been clobbered by newer competitors.The foreclosure was reported by the Houston Chronicle.The property, the first enclosed, air-conditioned mall in Houston, started going downhill ...
Baker Hughes Properties Fetch $100 Mln-Plus in Sale Lease-Back
February 6, 2001 HOUSTON – Baker Hughes Inc. has sold and leased back a portfolio of four Houston area properties to Texan Western LP for more than $100 million. The deal, which closed in September, values the more than 1 ...
Camden Property Trust Sells 15 Acres in Houston
February 6, 2001 HOUSTON – Camden Property Trust (NYSE:CPT) has sold 15 acres in the 700-acre former Andrau Airpark to Trademark, a Fort Worth, Texas-based retail developer. Terms of the transaction were not disclosed.Trademark intends to build a 143,000-square-foot shopping ...
Hilton Sells Red Lion Hotel in Houston
February 5, 2001 HOUSTON – Hilton Hotels Corp. (NYSE:HLT) has sold the 319-unit hotel Red Lion Houston Galleria for $20 million.Westheimer Hotel LP paid $62,700/unit for the hotel. Amerimar Enterprises Inc. will manage the property.Hilton has entered into a short-term ...
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