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Four News Restaurants Coming to Pasadena

PASADENA, Texas – Four new freestanding restaurants are being developed on an 8-acre site at the southeast corner of  Beltway 8 and Vista Road in Pasadena, according to Colliers International. The four restaurants are Razzoo’s Cajun Cafe, Red Robin, Chuy’s and Outback Steakhouse. The seller of the land, Fairplay Partners Ltd., was represented by Marshall Clinkscales of Colliers International. The ... Read More »

Midway Making a Fashion Statement: Social Status and the New Soft Goods Offerings at CityCentre

HOUSTON – (By Michelle Leigh Smith) – Some mornings, customers are queued up by 4 a.m. for a shot at purchasing the hottest release Social Status has to offer. One day, the shoe may be from the infamous Yeezy Boost lineup. Another day, the line is for a shoe from the self-proclaimed supernova Belgian designer Raf Simons. Release dates for ... Read More »

Exeter Acquires Business Park in Northwest Houston

HOUSTON – Exeter Property Group, an investment management firm based in Conshohocken, Pa., has acquired Bammel Business Park in northwest Houston. The five-building, 246,000-SF project is located on 14 acres on the North Sam Houston Parkway West. Rusty Tamlyn and Trent Agnew of HFF represented the seller, FR/Cal Bammel. “This offering generated substantial interest due to the value-add nature, deal ... Read More »

Transwestern’s McNearney: Repeal of Foreign Real Estate Tax Would Boost U.S. Economy

HOUSTON – (By Dale King) – The chief investment officer of Transwestern, a privately held real estate firm made up of collaborative entrepreneurs, is one of many financial experts backing members of the U.S. House and Senate in calling for the repeal of the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). “The time has come to repeal [FIRPTA] and ... Read More »

Fourteen Builders Sign-On for New Section of Bridgeland

CYPRESS, Texas – Howard Hughes Corp. is preparing to open Parkland Village, a new village in its Bridgeland, an 11,400-acre master planned community in northwest Houston. Homebuilders announced for Parkland Village include Beazer Homes, Chesmar Homes, Coventry Homes, Darling Homes, Highland Homes, Lennar, M/I Homes, Newmark Homes, Perry Homes, Ravenna Homes,  Taylor Morrison, Trendmaker Homes, Village Builders and Westin Homes. ... Read More »

REIT Buys 11 Buildings in Sale-Leaseback

HOUSTON – Store Capital, a Phoenix-based REIT that specializes in sale-leasebacks, has acquired an 11-building portfolio of Texas and Florida real estate. The seller, CBS Rental & Supply, is one of the largest providers of construction equipment and construction rental supply in the Gulf Coast. CBS Rental & Supply, which will continue to occupy the buildings, was represented by the ... Read More »

Urban Myth Debunked: Texas Suburbs (Not Urban Areas) Lead the Nation in Population Growth, CBRE Reports

HOUSTON – (By Dale King) – Urban densification, the suggestion that homeowners throughout the USA – possibly led by Millennials, empty nesters and senior citizens — are fleeing from the suburbs to the urban lifestyle at the core of metropolitan America, may be a short-lived trend or, perhaps, a myth, say studies conducted by CBRE Research. Suburban growth has surpassed increases ... Read More »

Dunhill Partners Purchases Pearland Retail Center

PEARLAND, Texas – The Center at Pearland Parkway I, a 167,704-SF shopping center on the eastern side of Pearland has been purchased by Dunhill Partners of Dallas. The project was a joint venture between Stream Realty Partners and Dallas-based Thackery Partners. Rusty Tamlyn and Ryan West of HFF represented the sellers. Situated at the intersection of FM 518 and Pearland ... Read More »

Impressive Job Growth Rebound for Houston with 56,100 New Jobs Created

HOUSTON – The Houston area economy added 56,100 new jobs over the last year, one of the strongest job growth reports since job growth tailed off in 2015, according to the Texas Workforce Commission. The report covered a 12-month period ending June 30. Five sectors accounted for the bulk of the gains: healthcare, education, fabricated metal products, restaurants and bars, ... Read More »

The Good, Bad and Ugly of Houston Real Estate: The Midyear Assessment by NAI Partners

HOUSTON – (By Michelle Leigh Smith) – Houston’s commercial real estate market presents some highs and some lows at midyear 2017. The retail and industrial sectors show strength while the office market has seen better days. And the failure of West Texas Intermediate crude to rise above $60 a barrel puts a damper on hopes for another major growth spurt ... Read More »

Midway/Valencia Opening The George Hotel Near Texas A&M University

COLLEGE STATION, Texas – The George, a 162-room hotel developed by Midway and Valencia Group, will open in August near the Texas A&M University campus. The hotel’s name is taken from notable “Georges” such as President George H.W. Bush and George Mitchell, the developer of The Woodlands. The hotel is part of Midway’s Century Square, a 60-acre destination by Midway ... Read More »

Texas, Fla. and Calif. Lead the Way to Record Realty Purchases by Foreign Buyers

WASHINGTON – With Texas, Florida and California leading the way, foreign investment in residential properties surged 49 percent over the last year, according to a new report by the National Association of Realtors. NAR’s 2017 Profile of International Activity in U.S. Residential Real Estate, found that foreign buyers and recent immigrants purchased $153 billion of residential property between April 2016 ... Read More »

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