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Houston office sales activity up in 4Q 2012Houston office sales activity up in 4Q 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=85162013-01-22T08:47:00Z2013-01-21T00:00:00Z

HOUSTON - Office sales in the Houston area increased in fourth quarter 2012. Colliers and CBRE report 33 office properties changed hands during 4Q 2012 with a sales volume around $908 million.

Recent transactions included:

  • Invesco Real Estate's acquisition of Williams Tower at 2800 Post Oak Blvd. from Hines REIT;
     
  • Allianz Real Estate of America's 50 percent stake of Four Oaks Place for $465 million, or $260 per sf;
     
  • Phoenix Tower's sale to Parkway Properties for approximately $125 million, or $198 per sf;
     
  • Brookfield Office Properties and KBR sold KBR Tower to Corporate Property Associates 17 Global Inc. for $175 million, or $167 per sf; and
     
  • Pearlmark Real Estate Partners sold 1800 West Loop S. to KBS Strategic Opportunity Fund REIT for $69 million, or $168 per sf.

Read more at GlobeSt.com.

GlobeSt.com
Houston-The Woodlands-Sugar Land
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http://www.globest.com/news/12_520/houston/office/office-sales-activity-increases-in-q4-328840.htmlRead more at {Source}

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