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New development projects compound downtown Houston s office struggles

New development projects compound downtown Houston s office struggles
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

Beloved Montrose Half Price Books store reveals closing date

Beloved Montrose Half Price Books store reveals closing date Beloved Montrose Half Price Books store reveals closing date The Montrose Half Price Books location will soon shutter. Photo courtesy of Half Price Books A Montrose mainstay will soon close the book on a nearly 20-year run. Half Price Books, located at 1011 Westheimer Rd., will close on January 17, the company confirmed. “We’ve been looking for another location in the neighborhood, but were unable to find one before our lease ends,” Emily Bruce, a representative for the Dallas-based company, tells CultureMap. “We still hope to find one in the area at some point.”

Hana Unit Buys Seattle Office Tower From Skanska for $669M

Mingtiandi Username Skanska had fully leased its 2+U in the same year the project was completed The Korean appetite for outbound investment remains healthy, with Hana Alternative Asset Management having closed out 2020 with one of the year’s largest acquisitions of a single US property asset. The fund management division of Seoul-based Hana Financial Group in late December acquired a 95 percent interest in 2+U, a 38-storey office and retail tower in Seattle, for $669 million. The Korean firm invested in the commercial project just over one year after Swedish developer Skanska, which is the seller of the stake, had completed the central Seattle tower and fully leased its space to tech-centred tenants including a unit of SAP and Dropbox.

Houston s top real estate stories of 2020 boast huge homes and closets

Houston s top real estate stories of 2020 showcase a Montrose marvel and multi-story closets Houston s top real estate stories of 2020 boast huge homes and closets The buzzy, mixed-use Montrose Collective promises to transform the area.  Courtesy of Michael Hsu Office of Architecture Editor s note: As the year comes to a close, we look back at the 10 biggest real estate stories in Houston for 2020. While the pandemic slowed development overall, home sales surged. Our most-read stories include a buzzy mixed-use development in Montrose, celebrity homes hitting the market, and the nation s biggest closet (and its surrounding house) finally selling in The Woodlands.

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