Wednesday , 26 October 2016
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CBRE: Houston Ranks Fourth in Green Buildings

HOUSTON – Houston ranks fourth in the nation, behind San Francisco, Chicago and Minneapolis, in the new third annual Green Building Adoption Index study by CBRE and Maastricht University. In the study, green office buildings are defined as those that hold either EPA Energy Star labels or LEED certification by the U.S. Green Building Council. Houston rose from fifth place ... Read More »

NAI: Manufacturing Facility to Be Built in Southern Houston

HOUSTON – McKee Tessa LLC has acquired 17.4 acres in southern Houston where will build an industrial manufacturing building. The site is one and a half miles west of Highway 288 at 700 Almeda Genoa Road. Michael Keegan and Clay Pritchett of NAI Partners represented the seller, Carolyn Maxey, Trustee. Chase Spence of Colliers International represented McKee Tessa, a manufacturer ... Read More »

Greenspoint Retail Center Sells for $15 Million

HOUSTON – CBRE handled the sale of West Road Collection, a neighborhood shopping center the Greenspoint area of north Houston to Hass Holdings LLC for $15 million. The deal commanded one of the highest prices per square foot in the area, signifying the great demand for retail space in this part of the country. CBRE’s Richard Rizika represented the seller, ... Read More »

Enough Already – 2016 Record Year for Houston Apartment Construction

(By Dale King) HOUSTON – A third quarter report on the status of multifamily unit construction and occupancy in Houston says a record number of apartments is hitting the local market this year, most of them during the second half of 2016. And while this may look good in the Guinness Book of World Records, it’s not so good for ... Read More »

ObamaCare and $3 Billion in Construction: Q&A with Matt Gilbert of Transwestern Houston

  HOUSTON – During this turbulent political season, the Affordable Care Act (ACA), also known as ObamaCare, has been in the spotlight. So what does this mean for Houston, which boasts the world’s largest medical center. To find out, Realty News Report spoke with industry expert Matt Gilbert, who joined Transwestern’s Houston Healthcare Advisory Team as vice president in October. ... Read More »

ULI Real Estate Forecast: Slow-Growth Era Approaching

(By Dale King) WASHINGTON, D.C. – If slow and steady is the formula for winning races, America’s real estate market will likely break a few finish line tapes in the closing years of this decade. But a general slowdown in market growth may be part of the economic order for the next few years. The Urban Land Institute (ULI) used ... Read More »

Austin Firm On Mission to Buy Houston Properties

HOUSTON – PPA Group, an Austin-based multifamily investment firm, has acquired its first apartment project in Houston and it is seeking more opportunities in the Bayou City. The 252-unit Cypress Ridge project, 2331 Bammelwood in north Houston, from CrestMarc of Dallas. “We like the diversity of the economy in Houston and think it is a great time to invest there,” ... Read More »

Don’t Mess with Texas Realty: Q&A With Vicki Fullerton, Chair, Tx Realtors Assn.

(By Dale King) HOUSTON – Realtor Vicki Fullerton, a broker associate at RE/MAX The Woodlands & Spring, took the stage at the Texas Realtors Conference in Galveston last month to take on the duties of chairman of the Texas Association of Realtors. The 38-year residential real estate veteran told Realty News Report during an interview that home builders “can’t keep up” ... Read More »

Spire to Sell Chase Tower in Austin for Anticipated $200 Million

AUSTIN – Dallas-based Spire Realty has retained CBRE to sell its 390,000-SF Chase Tower in downtown Austin. The tower, which is 99 percent leased, could attract offers of more than $200 million or about $514 per SF, according to Real Estate Alert. The 22-story building, located on West 6th Street, houses the Headliners Club on the 21st floor. Spire acquired ... Read More »

Avera Acquires Industrial Site at Port of Houston

HOUSTON – AVERA Companies, a Houston commercial real estate development, construction and investment firm, has acquired HMS 850, a 41.7 acre marine site at the entrance of the Houston Ship Channel. HMS 850 is located in SE Houston, near both Barbours Cut and Bayport container terminals, with direct access to IH-10 and Independence Parkway, directly across from the San Jacinto ... Read More »

Montrose Mixed-Use Project Slated for January Construction Start

HOUSTON –  SFT Investments is developing Fairview District, a mixed-use project in the Montrose area in the Inner Loop of Houston. Construction is slated to begin January 2017. Fairview District  will be comprised of four buildings, offering boutique office, restaurant and retail space, as well as a five-story parking garage.  The project, located near the intersection of Fairview and Genesee ... Read More »

Hines Progressing with Tallest Tower on the West Coast

SAN FRANCISCO – Salesforce Tower, which is under construction in San Francisco, has surpassed other towers in height to become the tallest building on the West Coast.  Hines and co-development partner the Boston Properties REIT, announced that on Friday, October 14, 2016, Salesforce Tower will officially be the tallest building in San Francisco. Soaring to new heights – Salesforce Tower surpasses the ... Read More »

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