Ken Hedrick News Today

This week in Houston real estate news.

The sale-leaseback transaction, nearly dormant in 2020, is coming back in vogue as investors search the pandemic-riddled landscape for yield while cash-strapped tenants hunt for capital infusions.  Often parties with these two convergent interests find a solution in sale-leaseback transactions, or deals where businesses sell off properties to commercial real estate investors and then lease the same spaces back as tenants. "I would say the current backdrop is incredibly conducive for sale-lea...

Hawaii — A subsidiary of Realty Income Corp. has acquired a 21-property gas station/convenience store portfolio located throughout Hawaii. Par Pacific Holdings sold the portfolio in a fee-simple sale-leaseback transaction for $109.4 million. The portfolio includes 12 properties in Oahu, two facilities on Kauai, four properties on Maui and three properties on the island of Hawaii. The transaction also included a new master lease agreement to lease back the sites on a triple net basis. D. Andre...

Deal Ticker: Denver-Based Investment Group Plans Massive Industrial Park in South Dallas Plus: Cypress Waters Plans new $20 million office building; a Florida-based lighting company signs a lease at Brookhollow Industrial Park; and more. Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. Denver-based Black Creek Group has acquired 165 acres to develop the firm’s largest project to date. Upon completion, the two-building Class A industrial park will t...