Thursday , 18 April 2019
Breaking News

Impacting an Office Market: Chevron’s $33 Billion Acquisition of Anadarko – Could it Create More Vacancy?

THE WOODLANDS – (Realty News Report) – Chevron Corporation’s move to acquire Anadarko Petroleum for $33 billion could have some aftershocks on the Houston real estate market. Anadarko occupies a lot of office space in The Woodlands – two major towers named after iconic company leaders – the 32-story Allison Tower and the 31-story Hackett Tower. The buildings are on ... Read More »

Loop 610 Tract Sold

HOUSTON – (Realty News Report) – A self-storage operator has acquired a 6.2-acre tract on Loop 610 North near The Heights, according to the Avison Young commercial real estate firm. The site had been used as the printing plant for Greensheet, a “shopper” publication specializing in classified ads since 1970. The 40,000 SF of industrial space at 1690 North Loop West, ... Read More »

Realty News Report’s Swankienda Spotlight: A $6 Million Spec Mansion on Inwood Drive in River Oaks

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Whisper the name “Inwood” and longtime Houstonians remember as the River Oaks address for the city’s luminaries and leaders like the late George R. Brown, his brother Herman Brown, who lived two doors down, legal giant Leon Jaworski, and Joanne Herring, when she was married to Bob Herring, Chairman ... Read More »

Avenue Center Breaks Ground On Community Resource Center; Promotes Affordable Housing

HOUSTON – (Realty News Report) –  The Avenue non-profit organization has broken ground on Avenue Center, a new mixed-use community resource center in Near Northside of Houston. Construction was kickstarted by a $1 million gift from the BBVA Compass Foundation, which will create opportunities for Avenue’s comprehensive homebuyer education and counseling programs at Avenue Center. “We are delighted to commence ... Read More »

Tampa Multifamily Investor Buys 2,284 Texas Apartment Units

HOUSTON – (Realty News Report) – American Landmark, a Tampa. Fla.-based multifamily owner-operator, has acquired a six-property multifamily portfolio located in Texas’ major metro areas. The portfolio includes multifamily assets in Houston, San Antonio, Austin and Irving,  totaling 2,284 apartment units. The acquisitions bring American Landmark’s Texas portfolio up to 33 properties. The company currently owns and manages approximately 25,000 ... Read More »

Realty News Report’s — People in Real Estate

HOUSTON – NAI Partners has hired Travis L. Rodgers as Executive Vice President. In this newly created position, Rodgers will be working closely with Managing Partner Jon Silberman and will have responsibility for overall executive management of both the operations and revenue management, and growth of the firm. Previously, he was with Whitestone REIT. HOUSTON – Eric Lestin, a retail leasing expert, has been ... Read More »

The Food Hall Explosion: Chefs are the Hottest New Amenity for Skyscraper Owners

HOUSTON – (By Ralph Bivins, Realty News Report) -Ancient Houstonians may remember when Sharpstown Mall on the Southwest Freeway opened a new-fangled food court. Food courts, with their lineup of fast-food chains and the hideous odor of deep-fat fryers brimming with broiling grease, still exist. But you don’t hear the words “food court” much anymore. Everybody is talking about the ... Read More »

Marcel Group Breaks Ground on Fort Bend MXU Project

SUGAR LAND, Texas – (Realty News Report) – A 63,000-SF mixed-use project, called Riverstone Town Center, is under development in Fort Bend County by The Marcel Group, a Woodlands-based firm led by Vernon Veldekens. The project, located near the corner of University Blvd. and LJ Parkway, will have 41,875 SF of retail and restaurant space and 27,000-SF of office, according to ... Read More »

Update: The Star’s Retail Space in Historic Texaco Building

HOUSTON – (Realty News Report) – CBRE has been retained as the exclusive retail leasing agent for The Star, a residential high-rise redevelopment at 1111 Rusk in downtown. The historic 1915 Texaco Building has been redeveloped as 286 apartments and 26,170 SF of retail. CBRE’s Rachel Farris, Lacee Jacobs, and Laura Harness will lease The Star retail on behalf of ... Read More »

Trendmaker Homes Opens 225-Acre Community in Katy

KATY, Texas – (Realty News Report) – Trendmaker Homes Houston, a member of the TRI Pointe Group has announced the grand opening of LakeHouse, a new gated community just west of Houston in Katy. As the developer and home builder, Trendmaker will deliver approximately 350 home sites and several community amenities to the 225-acre property. The community is located west of the ... Read More »

The State of the Texas Hotel Market

 HOUSTON – (By Dale King, Realty News Report) – Many Houstonians who fled their Hurricane Harvey-flooded and otherwise damaged homes found shelter in a host of different places, among them – obviously – hotels. And many stayed there a good, long time. As a result, the overall Houston hotel market finished 2018 with a revenue per available room (RevPAR) loss ... Read More »

Sold: A New 378,000-SF Office Project in North Houston

HOUSTON – (Realty News Report) – Northridge Capital LLC has acquired the new HP Plaza, a 378,000-SF office development in CityPlace in SpringwoodsVillage north of Houston. Completed in November of 2018, HP Plaza was developed by Houston-based Patrinely Group for HP Inc., which occupies 100 percent of the space in a long-term lease. “HP Inc. was the largest office lease ... Read More »

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