Saturday , 16 February 2019
Breaking News

Keener Buys Value-Add Property in Clear Lake; Seeks More Multifamily

HOUSTON – (Realty News Report) – Keener Investments  acquired a 150-unit multifamily property in Clear Lake City at 17700 El Camino Real. The property will be managed by Keener Management and Keener Construction will renovate the unit interiors, upgrade amenities, and perform exterior upgrades. “Terrace Villas is our fifth closed transaction in the Houston Bay Area,” said Stephen A. Smith, ... Read More »

Indus Buys Houston Apartments

HOUSTON – (Realty News Report) – Indus Management Group, a Houston-based firm led by Manu Gupta, bought the 164-unit Vanderbilt Court apartments, 12630 Ashford Point Drive, near the Westpark Tollway. HFF’s Joey Rippel and Chris Young marketed the property on behalf of the seller, Thirty Seventh Parallel. The southwest Houston apartment complex was built in 1983. Indus, with a 7,000-unit ... Read More »

New Office Tower Breaks Ground in Houston’s Inner Loop

HOUSTON – (Realty News Report) – Stonelake Capital Partners held a ground breaking celebration Wednesday for Park Place Tower, a 15-story, 210,000-SF Class-AA office building located “inside the loop” at 4200 Westheimer Road within the Park Place | River Oaks development. Park Place | River Oaks is an 11.5-acre mixed-use development at the intersection of Westheimer Road and Mid Lane in ... Read More »

Home Sales Sluggish in January

HOUSTON – (Realty News Report) – Houston’s home sales were sluggish in January, as is typical in the first month of the year.  Houston Association of Realtors reported 4,100 single-family homes sold in January compared to 4,462 a year earlier. That represents an 8.1 percent decline – the third straight month of falling sales. Consistently, January is the slowest month ... Read More »

Transwestern Appoints Chip Clarke President of Firm’s West Region

HOUSTON – (Realty News Report) – Transwestern announced Chip Clarke has been named President of Transwestern Commercial Services’ West Region, overseeing client service delivery and business development initiatives throughout California, Arizona, Colorado, Nevada, Utah and Washington. This new position is part of the company’s transformation to a broader, three-region approach to commercial services, which is designed to inspire high performance, capitalize ... Read More »

Dallas Led Nation in Housing Starts in 2018; Houston was No. 2

HOUSTON – (Realty News Report) – Dallas-Fort Worth led the nation last year with 34,750 single-family home starts, according to Metrostudy. Houston ranked No. 2 with 30,146 starts in 2018, up 10.4 percent from 2017, Metrostudy reported. The Central Florida market was third with 28,074. Austin ranked ninth in the nation with 16,424 home starts. San Antonio was thirteenth with ... Read More »

Chef Killen Buys Steakhouse Building in The Woodlands

HOUSTON – (Realty News Report) – Killen’s Steakhouse acquired a shuttered restaurant property in The Woodlands which will be re-opened under the Killen’s flag this spring. An opening is anticipated within 60 days at 1700 Research Dr. in Shenandoah – an 8,500-SF restaurant in turn-key condition. The building, developed in 2013 on 2.35 acres, is located on one of the ... Read More »

Hines: Major Lease Renewed in Downtown Houston Tower

HOUSTON – (Realty News Report) – Hines announced the signing of leases with Calpine and the Smyser Kaplan & Veselka law firm at the 717 Texas office tower in downtown Houston. The 717 Texas building is in the middle of one of the hottest high-rise construction pockets in the nation. Calpine, the largest generator of electricity from natural gas and ... Read More »

Bearing Fruit: Junior’s Produce Signs On at Houston Farmers Market

HOUSTON (Realty News Report)– MLB Capital Partners announced the opening of Junior’s Produce at the Houston Farmers Market on Airline Drive near The Heights. MLB Capital Partners – a Houston firm led by Todd Mason, Jeff Lindenberger and Fred Baca – is redeveloping the landmark Farmers Market, which opened in 1942. Junior’s Produce is a Houstonian-owned and operated produce retailer offering ... Read More »

Houston Endowment Planning New HQ Building Near Buffalo Bayou Park

HOUSTON – (Realty News Report) –The Houston Endowment philanthropic institution is planning to build a new headquarters building near the intersection of Memorial and Waugh drives, just west of downtown. For years, the organization has been located downtown at 600 Travis, a 75-story building formerly known as the JP Morgan Chase Tower. The new headquarters is expected to be a ... Read More »

Braun Enterprises Acquires Yorktown Plaza

HOUSTON – (Realty News Report) – Braun Enterprises purchased Yorktown Plaza, a 196,000-SF office and retail complex on West Alabama near the Galleria. Yorktown Plaza, which is 54 percent occupied, includes 35,000-SF of retail and two 6-story office buildings in the 5300 block of West Alabama, between Yorktown and Rice. HFF’s Davis Adams, Wally Reid and Kelly Layne represented the ... Read More »

ULI Honors Top Innovative Houston Real Estate Projects

HOUSTON – (By Dale King, Realty News Report) – Houston real estate projects, The Star, Heights Mercantile, HARC and Emancipation Park, earned top honors at the Urban Land Institute Houston’s 2019 Development of Distinction Awards presentation. The awards recognize developments and public open spaces that exemplify best practices in design, construction, economic viability, healthy places, marketing and management. Since 2008, ... Read More »

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