Monday , 10 December 2018
Breaking News

‘Housing is Broken’ – John McManus Tells Hive Conference

AUSTIN – (By Ralph Bivins, Realty News Report) – The nation’s housing market “is broken” because buying a new home is not an attainable goal for many middle-class Americans, according to national housing expert John McManus, vice president and editorial director of Hanley Wood’s residential group. Millions of new jobs have been created in recent years, McManus said, with the ... Read More »

Real Estate and the Texas Medical Center: Q&A with Bob Parsley of Colliers International

HOUSTON – (Realty News Report) – Mention Houston to a non-resident and the first thing they usually mention is energy. Increasingly, the second is medicine – and for a good reason. The Texas Medical Center (TMC) is the largest medical complex in the world—and home to the brightest minds in medicine. The sheer size and operation of the TMC is ... Read More »

Nicholas Residential Buys 2,115 Houston Apartment Units

HOUSTON – (Realty News Report) – Nicholas Residential, a Dallas-based real estate investment firm, purchased the Beltway Portfolio, a collection of six multifamily properties located throughout the Houston area totaling 2,115 units. Justin Shuart and Jason Pumpelly, with Cushman & Wakefield’s Equity, Debt and Structured Finance team in Dallas, arranged the equity on behalf of Nicholas Residential. The seller was ... Read More »

XTO Energy Building in Fort Worth is Sold, as Shale Company Moves to Houston

FORT WORTH – (Realty News Report) – Tennessee-based Development Services Group acquired the historic 714 Main building in downtown Fort Worth. XTO Energy, a shale company owned by Exxon Mobil, recently left the 24-story building as part of it relocation of 1,000 XTO employees to the firm’s corporate campus in Springwoods Village, north of Houston. JLL’s Ryan Matthews represented Exxon ... Read More »

What’s Next for Houston’s Apartment Market? – Q&A with Martin Fein

HOUSTON – (Realty News Report) – Houston’s multifamily sector has gone through several gyrations over the past 18 months. With an oversupply of units in the first half of last year to a scarcity of product following Hurricane Harvey to an equilibrium today, the market seems to have returned to more normal times.  Or has it? To find out, Realty News Report spoke with Martin Fein, CEO of Martin ... Read More »

Logistics Property Co. to Build 1.7 Million SF in Southwest Market

HOUSTON – Chicago-based Logistics Property Co. is developing CityPark Logistics Center, a 97-acre business park in the southwest Houston submarket. The project, located at the intersection of Highway 90 and the Sam Houston Tollway, will have 1.7 million SF in seven buildings. Robert Wheless heads the firm’s Houston office. JLL’s John Talhelm and Kevin Erck will handle leasing. Phase I ... Read More »

Designing Houston’s New Double Helix Landmark and $3B in Construction: Q&A with Abbey Roberson, Planner at Texas Medical Center

HOUSTON – (Realty News Report) – Texas Medical Center is the largest medical complex in the world. Some 180,000 surgeries are performed there annually. Every 20 minutes, a baby is delivered. Long a pillar of Houston’s economy,  the TMC not only is home to some of  the brightest minds in medicine, but also to $3 billion in construction and more than 106,000 employees. TMC projects encompass 50 million ... Read More »

TEXAS NEW HOME PRICES CONTINUE UPWARD TREND

HOUSTON – (Realty News Report) – The strength of the Texas housing market continued in October with home prices increasing for the second consecutive month, according to the HomesUSA.com. Average new home prices rose statewide to $357,547 in October from $355,821 in September. The Dallas-Ft. Worth market takes top billing with the highest new home price at $374,871 and remains ... Read More »

Florida Firm Buys Hilton and Marriott (Total: 870 Rooms) in Greenspoint Area

HOUSTON – (Realty News Report) – Driftwood Hospitality Management, a North Palm Beach, Fla.-based hotel management company, acquired two hotels in Houston’s Greenspoint area:  the 480-room Hilton Houston North and 390-room Marriott Houston North. All rooms and public space will be renovated at the Hilton, 12400 Greenspoint Drive. The Marriott Houston North, 255 N. Sam Houston Parkway East, will go ... Read More »

Office Space Leased on Post Oak Parkway

HOUSTON – (Realty News Report) – HighTower Texas, a Chicago-based investment advisory firm, has signed an eight-year 15,780-SF lease at Five Post Oak Park, 4400 Post Oak Parkway, for its new Texas headquarters. The firm entered the Houston market in April when it acquired Houston-based Salient Partners LP, which was located at 4265 San Felipe. Avison Young Principal Harry Holmes, ... Read More »

The Formation, Decline and Recovery of the Energy Corridor: Q&A with David Wolff

HOUSTON – (Realty News Report) – Battered by the downturn in energy prices that began some four years ago, Houston’s Energy Corridor seems to be on an upswing now, even though oil prices remain volatile. Still, there is a significant amount of empty office space in the sector. So, what does the future hold for the Energy Corridor? Realty News ... Read More »

Multifamily Deliveries: Run, Run Rudolph – Packages Set to Skyrocket at Apartment Communities

HOUSTON – (By Dale King, Realty News Report) – Chances are if you live in a multifamily dwelling, you’ll hear lots of delivery trucks roaring through your neighborhoods this holiday season. There’ll be a spike in door knocks and doorbell rings and lots of reindeer paws clattering on your roof. Just in time for the holiday delivery season, the 2018 ... Read More »

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