New retail building, new tenants slated at intersection near Highland Village

New development and a flurry of new retail activity is expected around Weslayan and West Alabama Streets.

A new building is slated for that corner, joining existing retail and restaurant space that will be revamped and ground-floor space in a new apartment tower.

Click to read more at Houston Business Journal.


Behind the deal: Why two Houston multifamily firms formed a joint venture

Two Houston multifamily firms are joining forces to sharpen each company’s focus on investment and management services.

Crossbeam Capital and Portico Property Management recently announced a joint venture, which will affect more than 6,200 apartment units in six states, the majority of them in Houston.

Click to read more at Houston Business Journal.


Trammell Crow Co. affiliate reaches major milestone on M-Line Tower in Uptown

An affiliated firm of Dallas-based Trammell Crow Co. has reached a major milestone in developing the new M-Line Tower along McKinney Avenue.

High Street Residential, in partnership with Principal Real Estate Investors, has officially topped out on the 20-story, 261-unit tower — meaning its reached its most vertical part of development.

Click to read more at Dallas Business Journal.


Former Exxon Mobil campus in Greenway Plaza area sold

A former Exxon Mobil Corp. property that’s been on the market for more than two years has been sold.

New York- and San Francisco-based Spear Street Capital and Houston-based Transwestern Development Co. announced the acquisition of 16.88 acres at 3120 Buffalo Speedway on March 8. Ronnie Deyo, Rudy Hubbard and Kevin McConnwith Jones Lang LaSalle marketed the property for Irving, Texas-based Exxon Mobil (NYSE: XOM). No further details were immediately available.

Click to read more at Houston Business Journal.


Houston megachurch to buy downtown office building for expansion

Houston’s First Baptist Church is preparing to expand its downtown presence significantly.

The megachurch plans to buy a 40,000-square-foot office building at 1730 Jefferson, which covers an entire city block in the southern corner of downtown near Interstate 45 and Interstate 69/Highway 59, according to First Baptist’s website.

Click to read more at Houston Business Journal.