Saturday , 21 April 2018
Breaking News

Weingarten Realty Developing Retail at Stevens Ranch in San Antonio

SAN ANTONIO – (Realty News Report)  – Weingarten Realty Investors of Houston has broken ground on a 25-acre retail development in Stevens Ranch, a 2,400-acre master-planned community in west San Antonio. The Weingarten project is located at the corner of Potranco Road and Stevens Parkway. The development will have a 20,000-SF center, expected to be completed later this year, was ... Read More »

New 2018 Rankings Out: Strong Showing by Houston, Dallas Firms in Apartment Rankings

WASHINGTON, D.C. – (By Dale King, Realty News Report) – Texas apartment firms fared well in the National Multifamily Housing Council’s newly released 2018 NMHC 50 — the annual ranking of the nation’s largest apartment owners, managers, developers and builders. The Rankings: MAA, headquartered in Memphis, Tenn., was the country’s largest apartment owner for at least the second year in a ... Read More »

Energy Corridor Building Adds Tenants

HOUSTON (Realty News Report) – Transwestern has completed 30,715 SF of new office leases at One Park 10, in the Energy Corridor of west Houston. Owned by Accesso Partners, the building is a 162,909-SF office building at 16225 Park Ten Place. Transwestern’s Evelyn Ward and Amanda App lease the building. “Despite a challenged submarket that saw total availability increase past ... Read More »

Hurricane Harvey Rebound: Kingwood Apartments Celebrate Re-Opening After $6 Million Upgrade

HOUSTON – (Realty News Report) – The Kings Cove apartments in Kingwood, which suffered heavy damage in Hurricane Harvey, have been repaired and renovated. The 192-unit complex received an extensive, $6 million renovation and repair redo. Kings Cove is asset-managed by National Asset Services, a Los Angeles-based firm. “While being among the first properties in the area to reopen is ... Read More »

Avera’s Surge in Southeast Houston

PASADENA, Texas – (Realty News Report) – Avera Cos. plans to build a 148,000-SF distribution building at the corner of Highway 225 and Red Bluff Road in Pasadena on the southeast side of Houston. It will be built on 11.8 acres Avera just acquired. Avera, a Houston-based firm led by Trey Odom, has been exceptionally active in the southeast Houston ... Read More »

Houston, Get Ready for More Office Construction

HOUSTON – (Realty News Report) – Another new office project is being introduced into the Houston market. Clay Development and Construction, a Houston firm led by Robert Clay, has announced a 150,000-SF office project on North Post Oak Road, not far from Northwest Mall. The development is not large and it won’t be constructed in a single phase so it ... Read More »

Rice Creating Innovation District in Midtown Houston Around 1939-Vintage Sears Store

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Rice University has launched a redevelopment of the old Sears store property in Midtown, to create an innovation district attracting technology startups, entrepreneurs and venture capital. Rice owns 9.4 acres at the Midtown site, including the four-story Sears building, 4201 Main St., a Fiesta store and surface parking lots ... Read More »

New 277,000-SF Biotech Building in Pearland is Sold – World’s Largest Cell and Gene Therapy Manufacturing Facility

HOUSTON – (Realty News Report) – Zeller Realty Group has acquired the new Lonza Viral Therapy Facility, a, 276,770-SF biotechnology building on Kirby Drive in Pearland, south of Houston. HFF represented the seller, Pinchal & Co.  Additionally, HFF worked on behalf of Zeller, a Chicago-based investment and development firm to secure an acquisition loan through Bank of Texas. The facility ... Read More »

New Hope Housing’s New Building: Transit-Oriented Haven in East End

HOUSTON — (By Dale King, Realty News Report) — New Hope Housing’s latest entry in Houston’s single room occupancy (SRO) apartment community is a sight to behold. Inside are bright, white-walled units with modern fixtures, comfortable furnishings and fine accouterments. Specialty areas include a library, community room and social service location. An elegant canopy surrounds the bright courtyard. Out front, ... Read More »

Restaurant Coming to New Downtown Apartment Tower

HOUSTON – (Realty News Report) – Houston entrepreneur Charles Lusk, in partnership with restaurateur Sean Marshall, leased 1,500 SF in the 40-story Market Square Tower apartment building for a new restaurant called Coterie. The 463-unit apartment building, 777 Preston, is known for its glass-bottomed swimming pool that hangs over the edge of the building. “We’re two guys at the top ... Read More »

Hines Buys Office Tower in Downtown Calgary for Redevelopment

CALGARY, ALBERTA, CANADA – (Realty News Report ) – Houston-based Hines, in partnership with an Oaktree Capital Management fund has acquired a 27-story office tower in Calgary. The 708,000-SF Class B office building, called First Tower, is located in the Downtown East submarket of Calgary on First Street.  First Tower is 51 percent leased to a roster of notable tenants ... Read More »

Houston Home Sales Up 2.8 Percent in First Quarter

HOUSTON — (Realty News Report) — Houston home sales were up 2.8 percent in the first quarter of 2018, compared to a year earlier, according to the Houston Association of Realtors. The year’s fast start it impressive because it represents a gain over the record sales recorded 2017, the best year ever for home sales in Houston. Home sales in ... Read More »

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