Thursday , 17 August 2017
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Bauer-Pileco Building New HQ in Conroe, Texas

CONROE, Texas – Bauer-Pileco, a global provider of foundation equipment and support to the foundation construction industry,  will build a 78,774 SF facility in Conroe Park North for the company’s new North American headquarters. The new location, with three stories of office space, warehouse and service building space, will be built by KDW, the Houston-based design/build general contractor. Construction at ... Read More »

Stabilization in Sight: Houston Multifamily Market Heading Toward Recovery

HOUSTON – (By Dale King) – A combination of increasing demand and less new inventory in a particular housing market may not always be a healthy amalgamation. But in Houston right now, the combo seems to be working well, at least in the multifamily housing sector, says Berkadia’s second quarter 2017 report. “Continued apartment demand, coupled with less new inventory, ... Read More »

Vigavi Realty Finds Niche for Free-Standing Industrial Buildings Near Port of Houston

HOUSTON – Vigavi Realty will break ground on two speculative industrial buildings in Pasadena, meeting a demand for freestanding industrial properties in southeast Houston, JLL reports. The Vigavi firm just completed a 36,000-SF design build project at Fairmont Industrial Center, 11802 Fairmont Parkway in La Porte. HydroTex, a Chicago-based pump systems and engineering services firm, owns and occupies the freestanding ... Read More »

Texas Construction Powerhouse: Dallas No. 1; Houston is No. 2 in Single-Family Starts

HOUSTON – Building is bigger in Texas. Dallas is No. 1 in the national rankings of housing starts and Houston is No. 2, according to Metrostudy Inc. The Dallas-Fort Worth area had 31,049 single-family home starts for the 12-month period ending June 30. Houston was second with 27,114 starts. The two Texas cities had ranked at the top of the ... Read More »

Cypressbrook Development Breaks Ground on Apartments in College Station

HOUSTON – Cypressbrook Development Co. of Houston has broken ground on Ariza College Station, a 266-unit apartment community in College Station, northwest of Houston. The project will be located just east of the Highway 6 bypass off of Harvey Road or State Highway 30 about 2.5 miles west of the Texas A&M University campus. Led by Michael Novelli, Cypressbrook Development, ... Read More »

Apartment Developers Kicking Off Another Round of Construction Starts in Downtown Houston

HOUSTON – Developers are preparing to start building another round of high-rise residential towers in downtown Houston, where apartment vacancy has been rising as hundreds of new units are being completed and put on the rental market. The next two projects to be started are expected to be a 21-story, 271-unit apartment tower by Camden Property Trust and a 40-story ... Read More »

Australian Group Buys Midtown Parcel

HOUSTON – Caydon Property Group of Australia has acquired a 41,000-SF parking lot at Main and McGowen, extending its holdings in Houston’s Midtown area. Caydon is planning to build a 26-story, 357-unit residential tower a block away. Caydon acquired the land from Current Standing Developments, a Houston firm led by Brent Friedman. Friedman’s firm is redeveloping the Mid-Century Modern building ... Read More »

Transwestern’s Kevin Roberts: Entering the New Era of Houston’s Office Market

Mention Houston real estate to an out-of-towner and chances are they’ll ask about empty office buildings in the world’s energy capital. But while the Space City’s office market continues to struggle and there is significant sublease space available, things are not as dire as others would have you believe. To find out some of the bright spots in Houston’s office market, Realty News Report talked with Kevin Roberts, President, Southwest ... Read More »

Full Floor Leased in Greenway Plaza Tower

HOUSTON – FlightAware, an aircraft flight tracking company, has leased 24,500 SF in the Eleven Greenway Plaza office building in the Inner Loop of Houston for its global headquarters. Neil Tofsky, chief executive of Senterra Real Estate Group and Kevin Tofsky, vice president represented FlightAware in the lease. J.P. Hutcheson of Parkway Inc. represented Parkway, which owns Greenway Plaza. FlightAware, ... Read More »

Los Angeles Firm Acquires Houston Retail Project

HOUSTON – Westwood Financial Corp. acquired the Market at Lake Houston, a 102,000-SF retail center in the Atascocita area in northeast Houston. It is anchored by an H-E-B grocery. Rusty Tamlyn and Ryan West of HFF marketed the property, located on FM 1960 East. “This center garnered a wide level of interest, given its strong H-E-B sales and that very ... Read More »

Hines Redeveloping Iconic Building in Ireland

DUBLIN – Hines and the Peterson Group are redeveloping the former Central Bank headquarters building in Dublin. The building, designed by award-winning architect Sam Stephenson in the 1970s, the building was acquired by Hines and Peterson earlier this year, following the Central Bank’s relocation to another location. The new vision for the building and surrounding area sees the creation of ... Read More »

Levcor Refinances New Retail Center with $78 Million from Goldman Sachs

PHARR, Texas – Levcor Inc., a Houston-based development firm led by Larry Levine, has completed a 467,000-SF retail center in Pharr, near the Texas/Mexico border. JLL’s Capital Markets secured $78 million in bridge financing for Levcor’s Pharr Town Center. Goldman Sachs provided the loan, which will be used to refinance an existing construction loan for the retail center, which was ... Read More »

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