Monday , 16 July 2018
Breaking News

Patrinely Group Breaks Ground on 100,000-SF Mixed-Use Development in Springwoods Village

HOUSTON – (Realty News Report) – A joint venture led by Patrinely Group that also includes USAA Real Estate and CDC Houston, has broken ground on 100,000-SF mixed-use project in Springwoods Village north of Houston. The project will consist of a 50,000-SF, two-story office/retail building, located at 1401 Lake Plaza Drive in Spring, Texas and a 50,000-SF Star Cinema Grill. ... Read More »

As Hurricane Harvey Recovery Drags On, Houston Habitat For Humanity Relaxes Rules to Help More Flood Victims

HOUSTON – (Realty News Report) – Houston Habitat for Humanity, reacting to the devastation from Hurricane Harvey, has relaxed its requirement that applicants be first-time homebuyers. “With $125 billion in damage, 88 lives lost, 12,700 homes destroyed and 130,000 in need of repair, Houstonians continue to face a long road to recovery as the one year anniversary of Hurricane Harvey ... Read More »

History Trading on the NYSE? – Kabacoff New Orleans Historic Property Firm May Go Public

NEW ORLEANS – (Realty News Report) – HRI Properties, a New Orleans-based firm formerly known as Historic Restoration Inc., has retained the services of investment banking firms, indicating that the real estate company may file an IPO to take the company public, according to Bloomberg News. Years ago, HRI, founded by Pres Kabacoff, became a leader in the expanding trend ... Read More »

Space City: Waiting for Recovery of Houston’s Office Market – Q&A with Charles Herder of Colliers International

HOUSTON – (Realty News Report) – Space City is living up to its nickname: it has a lot of office space and the figures are increasing. According to Colliers International, Houston’s citywide vacancy rate stood at 21.7 percent in the second quarter, up from the 18.8 percent recorded in Q2 2017. The sublease problem, exacerbated by Occidental Petroleum dropping 800,000 SF ... Read More »

Historic Main Street Buildings Redeveloped

HOUSTON – (Realty News Report) – NewForm Real Estate, an investment firm led by Dan Zimmerman, has redeveloped two historic buildings at at the corner of Main and Commerce streets. The development includes the three-story Raphael Building, 110 Main Street, built in 1876; and the five-story Dorrance Building, 114 Main, built in 1903. The buildings have a total of 16,950 ... Read More »

Nokia Leases 350,000 SF in Billingsley’s Cypress Waters Project

DALLAS — (Realty News Report) – The City of Dallas and Billingsley Company, developer of Cypress Waters, announced that Nokia signed a lease for 350,000 SF to consolidate its Dallas-Fort Worth Metroplex operations and move its North American headquarters to Cypress Waters. Nokia will occupy two buildings in The Sound at Cypress Waters – the new lakefront, mixed-use neighborhood with ... Read More »

Energy Corridor Proponent David Wolff Makes Move on Highway 290

HOUSTON – (Realty News Report) – Wolff Companies has acquired 521 acres of land on U.S. 290 in Waller, northwest of Houston, for a mixed-use development that will include light industrial, distribution buildings, office and retail space. The property, just west of FM 362, and with elevation of 300 feet, the property will be known as Beacon Hill, one of ... Read More »

Hines Partners With Cousins to Develop $97 Million Atlanta Office Building

ATLANTA- (Realty News Report) – Hines and Cousins Properties, an Atlanta-based REIT, have formed a joint venture to develop 10000 Avalon, a 251,000-SF Class A office building in Atlanta. Total development cost is anticipated to be $97 million. Cousins will have a 90 percent ownership interest and Hines will have a 10 percent ownership interest in the joint venture. AXIS ... Read More »

June 2018: The Strongest Month Ever for Home Sales in Houston

HOUSTON – (Realty News Report) – June of 2018 was the strongest month ever for home sales in Houston healthy job growth fueled a continuation of brisk sales and higher home prices. The Houston Association of Realtors reported 8,518 single-family homes were sold in June, breaking the previous record of 8,367 sold in June 2017. “It’s a strong economy and ... Read More »

Blackstone in Talks to Buy San Antonio Resort for $650 Million

SAN ANTONIO – (Realty News Report) – Blackstone has agreed to buy the 1,002-room JW Marriott San Antonio Hill Country Resort & Spa for $650 million, according to reports. The seller, a partnership of Miller Global and Principal Real Estate Investors, is represented by Eastdil Secured. The 644-acre resort, located about 17 miles north of downtown San Antonio near Highway ... Read More »

T-Mobile Leases Southwest Freeway Offices; Tower Being Renamed

HOUSTON – (Realty News Report) – T-Mobile is relocating its Inner Loop offices to a Southwest Freeway building that will bear the name of the cell phone company. T-Mobile will occupy three and one-half floors, or 29,142 SF, in the building, which is owned by Medistar Corp., a Houston real estate firm led by veteran developer Monzer Hourani. The 17-story ... Read More »

Transwestern to Lease New Medical Office Building in The Woodlands

THE WOODLANDS – (Realty News Report) – Howard Hughes Corp. has announced plans to develop its first medical office project in The Woodlands. Transwestern will provide leasing services for the 67,200-SF project, to be located in  the Creekside Park Village Center at the corner of Strake Drive and Rockwell Park Boulevard in The Woodlands. Construction is slated to begin at ... Read More »

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