Wednesday , 26 June 2019
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The Top 10 Issues Facing Real Estate Today: Report from Counselors of Real Estate

AUSTIN – (Realty News Report) – The biggest issues affecting the nation’s real estate industry were revealed by the Counselors of Real Estate on the first day of the National Association of Real Estate Editors 2019 conference in Austin. Over 1,100 real estate experts representing 50 different disciplines within the industry voted on the Top 10 most impactful issues for ... Read More »

Austin is the Best Hotel Market in Texas, a Strong State for Hospitality

AUSTIN – (Realty News Report) – The major hospitality markets in Texas are all solid, with Austin leading the state, reports John M. Keeling, executive vice president of Houston-based Valencia Hotel Group, a leading luxury hospitality management company. “Austin’s hospitality market continues to be strong,” said Keeling. “The city has a diverse economy with high-tech Silicon Gulch, the universities, and ... Read More »

20 Greenway Building Purchased

HOUSTON – (Realty News Report) – Los Angeles-based Stockdale Capital Partners acquired 20 Greenway Plaza, a 433,132-SF Class A “creative” office building located in Houston’s Inner Loop. HFF represented the seller, Principal Real Estate Investors, and procured the buyer.  Additionally, HFF placed the seven-year, fixed-rate acquisition loan with Cigna Realty Investors. The HFF investment advisory team representing the seller was led by ... Read More »

Single-Family Investment Activity Hits Record High, Reports CoreLogic

HOUSTON – (By Dale King, Realty News Report) – Investors, speculators and “mom & pop” wheeler-dealers are buying up homes at a record pace either to rent, flip or knock down and rebuild, says a national home purchasing activity report just released by CoreLogic Inc. In fact, the account says the portion of homes in the US market being acquiredby ... Read More »

NIT Industrial Buys Land for Spec Project

BAYTOWN, Texas (Realty News Report)  – An entity affiliated with NIT Industrial LLC has acquired 12.8 acres in the Cedar Port Industrial Park for a four-building spec industrial park with 204,000 SF. The tilt-wall buildings will be about 50,000 SF each. Jason Tangen of Colliers International represented the buyer. The seller TGS Cedar Port Partners was represented by Joel Michael ... Read More »

Tallest Skyscraper in Texas to be Sold for $627 Million

HOUSTON – (Realty News Report) – Hines, in partnership with  Cerberus Capital,  has agreed to acquire the 600 Travis building, a 75-story  office property known as the tallest tower in Texas. That’s according to Real Estate Alert, which reported the sales price is around $627 million or $300 per SF. The seller is Prime Asset Management, which is controlled by family ... Read More »

Major Development Proposed for Former Chevron Tract on Loop 610 in Bellaire; But Vision Must Overcome Zoning Hurdles

BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) – A major development is being planned for the former Chevron property in Bellaire. The 30-acre tract shines with potential with frontage on Loop 610. It’s just over a mile from the Galleria. And it’s near hundreds of million-dollar homes. Investor Danny Sheena of SLS Properties recognized the potential and he ... Read More »

Design Competition Launched for Houston Endowment HQ Building

HOUSTON –  (Realty News Report) – The Houston Endowment has launched an international design competition for its new headquarters building which be built just west of downtown near Spotts Park and Buffalo Bayou. The 40,000-SF project, which has a $20 million budget, is slated to open in May 2022. The design competition, conducted with Malcolm Reading Consultants, requires an initial response ... Read More »

Crescent/Nuveen Make Move in Charlotte CBD Transformation

CHARLOTTE, N.C. – (Realty News Report) – Crescent Communities, in a joint venture with Nuveen Real Estate, acquired the 101 North Tryon office tower in a Charlotte’s central business district, which is undergoing a transformation. The 20-story Class A building totals 546,878 SF and was built in 1983 and renovated most recently in 2018. “101 North Tryon is a fantastic opportunity ... Read More »

The Largest Nissan Dealership in the World – A Step Toward the South Loop’s Golden Era?

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Central Automotive Group opened a 162,500 SF expansion at its Astrodome-area facility, making it the largest Nissan dealership in the world. The project, located at 2901 South Loop West, covers 16 acres, with a third of a mile fronting the 610 South Loop. The spiffy red, white and gleaming ... Read More »

Fuller Acquires Energy Corridor Office Properties with 11 Percent Occupancy

HOUSTON – (Realty News Report) – Fuller Parkview LLC, an affiliate of Fuller Realty Partners acquired a pair of Class B office buildings in the Energy Corridor. The two-building portfolio, which is 11 percent leased, is located south of Interstate 10. The seller, LNR Partners, was represented by JLL’s Rick Goings, Rudy Hubbard and Kevin McConn, The buildings, called Parkview ... Read More »

Spring Has Sprung: Strongest May Ever For Home Sales in Houston

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Houston Realtors had their best May ever as low mortgage rates and a more ample inventory of homes for sale churned up the housing market. The Houston Association of Realtors reported 8,346 single family homes were sold in Houston in May, up 2.8 percent over the 8,117 sold in ... Read More »

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