This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Former Situs Founders Form New Commercial Real Estate Investment Firm

BHW's principals control several assets in the Houston area, including:

  • Stafford Promenade: 23 acres of commercial land that wraps the intersection of Highway 90 (S. Main St) and FM 1992 (Murphy Road) in Stafford, TX. BHW's principals originally sourced and purchased a non-performing loan collateralized by 52 acres of land that was embroiled in a hostile bankruptcy. The borrower was foreclosed and the team worked diligently with the local municipality to change the existing zoning of a portion of the property to allow for residential development. 28 acres were then sold to a homebuilder that has commenced construction. In addition to marketing the remaining land for sale, BHW is now evaluating the viability of constructing a retail center on Highway 90.
  • Timmons Place: Along with a joint venture partner, BHW recently purchased and controls a boutique retail and office property in the highly-valued Inner Loop / River Oaks submarket. BHW is managing the 49,000- square-foot property that consists of two buildings. While this is the first multi-tenant acquisition that BHW has managed, Martin Bronstein previously oversaw Situs' management of approximately 500,000 square feet of multi-tenant retail space in the greater Houston area.
  • 4665 Southwest Freeway: BHW's principals own and manage the Situs headquarters office building on the Southwest Freeway, just inside Loop 610. The group is currently evaluating its options for the property, including a potential redevelopment of the site.
  • Dairy Ashford / Westpark: BHW's principals control two parcels of land totaling approximately four acres. The group originally acquired 18 acres of land and sold ten parcels of land totaling 14 acres to a mix of national retailers and local users.

For more information, visit www.bhwre.com .

SOURCE BHW

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs