Commercial Real Estate Houston

1 Houston Center to Be Renamed LyondellBasell Tower Following 358 KSF Lease Extension

Following the signing of a 358,100-square-foot lease, LydondellBasell, a longtime tenant of 1 Houston Center, will see the building renamed the LydondellBasell Tower.

Morgan Group Refis Five Multi-Family Properties for $146M

The Morgan Group, a company focused on development, construction and property management of luxury multi-family properties, has arranged financing of $146 million on behalf of its affiliated investment partnerships.

Hines, DLF Ltd. Begin Construction on 800 KSF Office Space in New Delhi

Capitalizing on the increased need for both office and retail space, Hines has partnered with DLF Ltd. to begin construction on One Horizon Center, which will be located southwest of New Delhi in Gurgaon.

San Diego State Student Housing Refi’d for $56M Through AIG

Acting on behalf of AIG, Holliday Fenoglio Fowler has obtained a $56 million loan for Sterling Collwood, a premier student-housing property near San Diego State University.

Lucescu Closes Phase Two of $166M Scottsdale Promenade Sale

In a $66 million deal that completes the second phase of the Scottsdale Promenade sale, Lucescu Realty has sold the Promenade Corporate Center to Excel Trust, a publicly traded REIT.

Marriott Buys NYC’s Clock Tower for $165M, Plans New Luxury Hotel Brand

After acquiring New York City’s Clock Tower building at 5 Madison Ave. in 2007 for $200 million, Africa Israel USA has sold the property to Marriott International for $165 million.

Will 3 WTC Be 80 Stories, or Just Seven? Yes!

While there's been speculation as to whether 3 World Trade Center will cap at seven stories, rather than its planned 80, the project's goal is still very much alive, according to Silverstein Properties' CEO Larry Silverstein.

Noble Energy Signs 497 KSF Office Lease in Houston

Approximately eight months after Trammell Crow and Principal Real Estate Investors snapped up the former Hewlett-Packard headquarters in Houston, the joint venture has secured a commitment from Noble Energy Inc. to occupy the 497,000-square-foot office building in its entirety.

Deutsche Bank’s NYC HQ Gets Record-Setting Solar Array

Deutsche Bank’s Americas headquarters is about to get a little greener, as the investment firm has just completed the installation of a 122.4 kW solar photovoltaic array on the roof of its New York City office.

CBRE: Global Outlook for CRE Remains Cloudy in ‘12

According to a year-end report by CBRE Group, the safest real estate assets –- prime properties in prime locations -– saw the lion’s share of the activity in 2011, but it may be difficult to continue that same level of activity in the new year.