Sunday , 19 May 2019
Breaking News

The Closing of Sears Opens the Way for Memorial City Redevelopment

HOUSTON – (By Kyle Hagerty for Realty News Report) – The team behind some of the hottest retail developments in Texas has been engaged by MetroNational to lead efforts for the redevelopment of the 1.7-million-SF Memorial City Mall in west Houston. Trademark Property Company, the Fort Worth-based retail and mixed-use developer, will create a plan that re-envisions the 265-acre campus. ... Read More »

Exeter Property Acquires Business Park

HOUSTON – (Realty News Report) –  Exeter Property Group recently acquired the 250,000-SF Century Oaks Business Park on the southwest side of Houston. The business park is located along South Sam Houston Parkway near Highway 90 in the Missouri City area. Century Oaks Business Park consists of six industrial buildings totaling 245,860 SF on 19 acres of land. FedEx is ... Read More »

METRO Considers Moving Transit Center From Bellaire to Gulfton

BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) –  Bellaire area business owners were encouraged by news from former Bellaire Mayor and METRO board member Cindy Siegel that finally, there are plans to relocate the Bellaire Transit Center where riders transfer to METRO buses. The 1.2-acre METRO center is located in the middle of Bellaire Boulevard at ... Read More »

Consumers Feel the Pinch of Rising Home Prices and Rents: CoreLogic Report

HOUSTON – (By Dale King, Realty News Report) – Prices of homes continue to rise throughout the U.S., but at a slower rate than in past years, says the March 2019 Home Price Report drafted by CoreLogic, a global property information, analytics and data-enabled solutions provider. That’s not terrific news for potential homeowners. But it’s really bad for renters who ... Read More »

Bill.com Leases Offices in Westchase

HOUSTON – (Realty News Report) – Bill.com, a Palo Alto, Calif.-based tech firm that manages transactions, leased 25,000 SF of office space in CityWest Place in Westchase. CityWestPlace, operated by Parkway Property Investments, recently received a BOMA 360 Performance Program designation from the Building Owners and Managers Association International. Bill.com was represented in the transaction by Bo McNally of T3 ... Read More »

Law Firm Leases Space at 1100 Louisiana

HOUSTON – (Realty News Report) – The King & Spalding, LLP law firm has renewed its long-term office lease at 1100 Louisiana, a 1,265,332-SF Class A office tower in downtown Houston. King & Spalding, leases several floors in the 1100 Louisiana building, where it has been a tenant since 1995.  King & Spaulding has more than 1,000 lawyers in 20 ... Read More »

Massive Collaborative Campus for Life Science Research — and a Nifty Place to Live-Work-Play

HOUSTON – (Realty News Report) – TMC3’s collaborative life sciences research campus is pairing two prevailing development concepts – mixed use and live-work-play – as its revised master plan for 37 acres within Texas Medical Center takes shape. And the shape is DNA-inspired. The design is a nod to the innovations and discoveries for a healthier future to come from ... Read More »

Houston Realtors: Best April Ever for Home Sales

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – April 2019 was the strongest April ever for Houston home sales as 7,586 single-family homes were sold, according to the Houston Association of Realtors. The April sales total represented a 7.8 percent increase  over April of 2018, the association said. “April sales are historically strong in Houston because buyers ... Read More »

Texas a Major Player in Nation’s Warehouse Construction Boom: Avison Young Report

HOUSTON – (By Kyle Hagerty for Realty News Report) – Across the nation, logistics-focused industrial facilities can’t be built fast enough and that’s great news for Texas. The Lone Star State is on the receiving end of a nationwide industrial building boom, accounting for 50 million square feet of the nation’s 274 million square feet currently under construction, over 18% ... Read More »

Wu Buys Houston Shopping Center

HOUSTON – (Realty News Report) – Wu Investments has acquired the Beechcrest Shopping Center, an 89,679- retail center anchored by a local grocery store in Southwest Houston. The center sits on 7.17 acres at 10828 Beechnut, near Wilcrest Street. HFF’s Ryan West, John Indelli, Charles Strauss and Ethan Goldberg marketed the property for the seller, Florida-based Global Fund Investments, LLC. ... Read More »

Realty News Report’s People in Real Estate

HOUSTON – Craig Young has been named Executive Vice President in CBRE’s Valuation & Advisory Services group in the Houston. Jim Patterson has been named a director in CBRE’s valuation group, which handles business lines including valuation/advisory services for infrastructure projects (pipelines, transmission lines, waterlines, roadways, etc.), financing, litigation support, expert witness testimony, development, acquisitions, dispositions, and ad valorem tax matters. THE WOODLANDS ... Read More »

Industrial Building Underway at McCord’s Generation Park

HOUSTON – (Realty News Report) – An industrial building is under construction in Generation Park, a 4,000-acre master planned development along Beltway 8 in northeast Houston, according to McCord Development. The 124,800-SF building is 60% leased, with 49,920 SF available for lease. The project, called Lockwood Business Park is located at 13300 Lockwood Road, is the first for-lease industrial project ... Read More »

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