Novel Sells Houston Office Tower
The firm acquired the building last year.
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The firm acquired the building last year.
The post Novel Sells Houston Office Tower appeared first on Commercial Property Executive.
This campus will span 3.7 million square feet, making it the firm's largest property.
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The first phase of this campus is slated for delivery in 2027.
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A multi-pronged tenant outreach effort has produced a distinctive and vibrant selection of retailers at BXP’s Embarcadero Center.
The collection encompasses 18 properties.
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The tenant is a Canadian food-processing company.
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Plans call for the property's transformation into a mixed-use destination.
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As demand far outpaces supply, power remains a brake on overbuilding, according to JLL's research.
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The buildings last traded in 2019 for $44 million.
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Amazon fully occupies the 36-story building.
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This deal is the first for the company’s new financing platform.
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Two bellwether markets have returned to levels of visits last seen before Covid, Placer.ai reports.
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The debt facility will fund the property's bitcoin-to-AI conversion.
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This asset previously traded in 2019 as part of a $193 million portfolio transaction.
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The portfolio comprises more than 3 million square feet.
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JLL Capital Markets represented the court-appointed receiver in the sale of the 1980s-vintage property.
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The project will be followed by a larger, master-planned studio campus.
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The company is the retail development's largest tenant.
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Deloitte’s Mark Wojteczko says younger leadership cohort favors alternative property types.
The metro's industrial development continues to outpace national trends, according to Yardi Research Data.
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