Interra Capital acquired a three-building office portfolio in Northwest Houston. Remington Square totals 392K SF across 17 acres along Beltway 8 and West Sam Houston Parkway. Interra is in acquisition mode, and this purchase aligns with its mission to expand its portfolio with assets that “demonstrate significant upside potential and strategic value,” Interra’s director of acquisitions said. Read more here. Best of Bisnow A 23-year-old Houston CRE firm is winding down operations and dumping property after its parent company decided to exit the business. Lionstone Investments will offload $5.5B in assets amid reports of leadership conflict with Ameriprise Financial, the parent company of the subsidiary that acquired Lionstone in 2017.
Dallas could be better positioned than most cities when it comes to the impact of the incoming Trump administration’s policies. Industry insiders are also hopeful they’ll see more dealmaking now that the election is settled, though one area that likely won’t see much traction in North Texas is solar manufacturing.
On the other hand, Trump’s rise to power could be a mixed bag for Houston as tariffs could threaten Port Houston’s traffic. But despite a coming political shake-up, the city’s asset classes are set to continue benefiting from population and job growth, Greater Houston Partnership economist Patrick Jankowski said at Transwestern’s TrendLines event last week.
Texas-based companies are making their mark on the niche corporate housing industry as Houston’s population booms and one major operator moves out. Lodgeur and Texas Corporate Homes are bringing a significant online presence to a sector that used to require numerous phone calls to arrange placements.
Ryan Cos. has lined up Ryan LLC as the anchor tenant for its new Ryan Tower in Plano, though the latter company is not affiliated with the developer. The tax services and software provider will occupy half of the tower's 409K SF, while Kansas-based company Koch also signed a lease for 29K SF at the 23-story tower in the Legacy West development along the Dallas North Tollway.
Best Of The Rest Management Consulting Firm Leaves California for Dallas (DBJ): Resources Connection Inc. told investors last week that it was moving its corporate headquarters to the Lone Star State after nearly 30 years outside of Los Angeles. The company, which will set up camp in Far North Dallas, chose its new home because of its central location to clients around the world.
$500M-Plus In Building Slated For A&M (Texas A&M University): The Texas A&M University System’s Board of Regents has approved more than half a billion dollars in construction projects. Projects include a research center at Johnson Space Center in Houston, a Hypersonic Wind Tunnel in Bryan and a new small animal teaching hospital in College Station.
Nate Paul Heads To Jail Friday (KXAN): Time is up on embattled developer Nate Paul’s “imminent” 10-day jail sentence for contempt of court. The Austin businessman who battled to avoid the sentence in multiple courts, even unsuccessfully requesting U.S. Supreme Court review, will report to Travis County Jail in two days.
More Than A Dozen Texas Restaurants Recognized In First-Ever Texas Michelin Guide (DMN): Six Houston and two DFW eateries were among the 15 restaurants across the state recognized with a Michelin star, though several more in the state’s largest metros also received Bib Gourmand restaurant status. Dozens more were labeled as "recommended" by the organization known for its global restaurant reviews.
Not Exactly By The Book (Houston Landing): Mayor John Whitmire reversed course on his stance on Montrose’s historic Freed Library moving to the Montrose Collective. Whitmire originally opposed the move, but now the library will reopen as part of the Collective next month, though the mayor still hopes to keep the original building open in some form.
Quote Of The Week “Sure, there's going to be some choppiness going forward, but I'm looking forward to more swift and decisive user decision-making in the real estate market. That's going to benefit us all.” — Ryan Cos. South Central Region President Jeff Thornton on the decisiveness of President-elect Donald Trump’s victory and what a clear-cut result means for the industry.
Hot Tea, Fresh And In Person Grab a cuppa, network and learn about the latest trends at these upcoming events: Nov. 14: Annual Austin Architecture and Design Conference Nov. 19: Dallas Women Leading Real Estate Nov. 20: Future Of Texas Hill Country Nov. 21: Houston Construction Trends + Innovations Dec. 3: DFW Hospitality Update Dec. 5: Houston Women Leading Real Estate Dec. 12: Downtown Austin Summit Jan. 16: Houston 2025 Market Kickoff
Watch This Space Filling your job opening in Texas just got easier. SelectLeaders, Bisnow’s CRE-focused job board, is offering free job postings in the Lone Star State through the end of the year. Show off your role to a targeted network of qualified professionals who know the ins and outs of the industry, and look for featured roles to appear in upcoming editions of Bisnow's Texas Tea. Email samantha.anderson@bisnow.com to unlock your free post and get access to higher-quality hires. *** So how's the Tea? As we brew up next week's edition, send us your feedback, including what kind of content you'd find valuable in this newsletter. And don't forget, we love news tips. Want to subscribe and get the Texas Tea delivered straight to your inbox? Click here. | 
