Tuesday , 23 October 2018
Breaking News

Houston Economy Adds 128,700 New Jobs in Record Surge

HOUSTON – (By Ralph Bivins, Realty News Report) – Some 128,700 new jobs were created in Houston over the last 12 months – one of the largest job gains ever reported by the Texas Workforce Commission. It was the highest 12-month total recorded since the Labor Department started tracking job growth in this way in 1990, the Houston Chronicle reported. ... Read More »

Commercial real estate markets prosper; Texas metros follow suit, says Avison Young investment report

HOUSTON – (By Dale King, Realty News Report) — Despite investor concerns over interest-rate hikes, the economy and the country’s political landscape heading into 2018, overall U.S. investment sales volume in the first half of this year increased 4 percent year-over-year to some $137 billion in markets where commercial real estate services company Avison Young has an office. “Industrial, retail and ... Read More »

The Future of the Energy Corridor: Q&A with David Hightower

HOUSTON – (Realty News Report) – Houston is the world’s energy capital and a seven-mile stretch of Interstate 10 has been the city’s Energy Corridor for decades. Located on the west side between Beltway 8 and the Grand Parkway, the Energy Corridor currently is home to some 300 multi-national, national and local companies including BP America, ConocoPhillips, and Shell Oil ... Read More »

Cube Smart Buys Project on Richmond Ave., Reports JLL and Cushman & Wakefield

HOUSTON – (Realty News Report) – The self storage practice groups of Cushman & Wakefield and JLL have completed the sale of the Self Storage 1 portfolio encompassing two properties with a total of 158,000 SF in Los Angeles and Houston. CubeSmart LP, a national owner/operator, purchased the portfolio from Cardiff Mason Development, a private development firm based in San ... Read More »

Six Self-Storage Facilities Sold

HOUSTON – (Realty News Report) – CBRE announced the sale of a six-property self-storage portfolio in the greater Houston area for an undisclosed amount to a public non-traded real estate investment trust sponsored by SmartStop Asset Management. CBRE’s Nick Walker, John Fenoglio and Trevor Roberts represented the seller, Metro Mini Storage. SmartStop Asset Management is a California real estate company ... Read More »

Historic Redevelopments Providing a New Lease on Life : Q&A with William R. Franks

HOUSTON – (Realty News Report) – Years before it was popular, William R. Franks, president of William R. Franks Real Estate, defied the demolition craze. Rather than tear down Houston’s historical structures, Franks gave them a new lease on life. Among his developments that fused the past and the present was the JW Marriott Houston Downtown, housed in the historic ... Read More »

Emerson Buys Westchase Building

HOUSTON – (Realty News Report) – Emerson, a technology and engineering firm based in St. Louis, has acquired a two-story, 151,000-SF building at 6001 Rogerdale Road in Westchase. JLL’s Rudy Hubbard, Kevin McConn and Rick Goings handled the sale with Curtis Stanton of Axiom representing Emerson. The seller was 111 Realty OPO LLC of Fort Worth. Emerson already owns the ... Read More »

CBRE: Houston has 152 New Hotels in the Pipeline

HOUSTON – (Realty News Report) – New hotels are being built in Houston faster than you can say: “No Vacancy.” Houston has 152 new hotels (a total of 15,846 rooms) in the development pipeline, according to Rahul Bijlani, senior vice president of the CBRE Hotels group. Not all of the 152 proposed hotels will actually break ground, but many are ... Read More »

First Home of the Astros: Restoring the Astrodome – Q&A with Judge Ed Emmett

HOUSTON – (Realty News Report) – The Astrodome played an important role in the development of Space City and Houston’s reputation as a can-do city. The Astrodome – formally named the Harris County Domed Stadium – opened in 1965. For decades, it was the home of the Houston Astros, the city’s winning team which is currently competing in the American ... Read More »

Fidelis Acquires 855,000 SF Retail Portfolio

HOUSTON – (Realty News Report) – Fidelis Realty Partners, a Houston retail center developer, has acquired an 885,000-SF portfolio of three retail properties in Texas. Chris Gerard, Mark Witcher and Blaine Dozier of CBRE represented the seller, InvenTrust Properties. The portfolio includes the 272,535-SF Riverstone Shopping Center in Missouri City; the 370,367-SF Victory Lakes Town Center on the Gulf Freeway ... Read More »

Hanover Acquires Buffalo Bayou Tract for $30.6 Million for High-Rise

HOUSTON – (Realty News Report) – An affiliate of Hanover Co., a Houston firm that develops high-rise apartment towers, is acquiring a 4.5-acre site near Buffalo Bayou Park, just west of downtown. The site, 3540 West Dallas, will be acquired from the City of Houston for $30.6 million after being listed by David Cook of Cushman & Wakefield. The property, ... Read More »

BP Lower 48 Leases 91,000 SF in Energy Corridor

HOUSTON – (Realty News Report) – BP Lower 48 has leased 91,000-SF in Skanska’s West Memorial Place II building at 15373 Memorial Drive in the Energy Corridor. The building was one of many properties that suffered damage in Hurricane Harvey last year. BP Lower 48, which moved its headquarters last month to a new Trammell Crow building in Denver, is ... Read More »

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