Thursday , 23 May 2019
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And It Shall Be Called Bank of America Tower: Houston’s New Skyscraper is Complete

HOUSTON – (By Ralph Bivins, Realty News Report) – Houston’s newest downtown skyscraper, a silvery 35-story building that opens up its basement level in a way that has never been attempted before, has been officially christened Bank of America Tower. The naming announcement was made Wednesday by Skanska, the building’s developer and Bank of America, the anchor tenant which leased ... Read More »

Cortland Buys Willowbrook Apartments

HOUSTON – (Realty News Report) – Atlanta-based Cortland acquired the 374-unit Tradewinds at Willowbrook apartments in northwest Houston. The seller, Olympus Property of Fort Worth, was represented by Ryan Epstein and Jennifer Ray of Berkadia. The Tradewinds, built in 2007, is located at 12331 North Gessner. The property, consisting of 14 three-story buildings, represents a value-add investment, Epstein said. “Tradewinds ... Read More »

Retailers Added to Redeveloped Allen Center Hotel

HOUSTON – (Realty News Report) – C Baldwin, a Curio Collection by Hilton hotel in Allen Center in downtown Houston, has added two retailers: the Sloan/Hall boutique and Paloma, a beauty location. Currently the hotel operating as DoubleTree by Hilton Houston Downtown Hotel as it undergoes a multi-million-dollar transformation by Brookfield, the owner of Allen Center. The 354-room hotel, located ... Read More »

Redo Done, Uptown Park Now More Modern, Social – and Shaded

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – Uptown Park’s redevelopment by EDENS has wrapped up the district’s year-long makeover, which has changed up the Old World aesthetic for a more modern, more connected one. The 20-old property sits on 14 acres at Post Oak Oak Boulevard and Loop 610. Its original layout — seven clusters of lifestyle-oreinted ... Read More »

NKF Report: Self-Storage Investment Sales Strong in 2019

HOUSTON – (By Kyle Hagerty for Realty News Report) – Capital flocking to self-storage REITs may have weakened the sector’s strong fundamentals, but stable metrics in the latest report from Newmark Knight Frank show the industry’s supply concerns may be over blown. In the first quarter of 2019, wholly owned acquisition activity totaled 61 properties across five of the six ... Read More »

GID Starting Multifamily and Retail at Regent Square in North Montrose

HOUSTON – (Realty News Report) – GID Development Group announced it is moving ahead with Phase 2 of Regent Square, a mixed-use development at West Dallas and Dunlavy streets, just south of Buffalo Bayou Park. The eight-acre Phase 2 will include 600 multifamily units and 50,000 SF of street-level retail leased by JLL Retail Advisory Services. OJB Landscape Architecture is ... Read More »

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 »

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