Wednesday , 22 November 2017
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Capital Plastics International Sells Stafford Building

STAFFORD, Texas — Capital Plastics International sold its 70,000-SF office/distribution building on Cash Road in Stafford to Tarhong Properties. Jim Pratt and Trey Erwin of Colliers International represented Capital Plastics. Michael Brent with the City of Industry, California Lee & Associates office represented Tarhong Properties. Capital Plastics is relocating to 1601 Gillingham Lane in Sugar Land, a 330,000-SF building it ... Read More »

Wu Investments Acquires Retail Center in Northwest Houston

HOUSTON – Wu Investments, a Houston-based retail developer, has acquired Eldridge Lakes Town Center, a 36,000-SF retail center in northwest Houston at 6350 North Eldridge Parkway. The seller was Edifis Group. Wu is currently developing three retail properties in Houston. Its portfolio includes retail properties in Texas and Ohio. The Eldridge center, located 21 miles northwest of downtown Houston, is ... Read More »

Medistar Developing 33-Story Medical Tower on Main Street

HOUSTON – (Realty News Report) – Medistar Corp. of Houston is developing a 33-story, 550,000-SF medical office tower at 6700 Main Street on the western edge of the Texas Medical Center, Medistar founder Monzer Hourani said. The medical tower will be built on the site of the SureStay Plus Hotel by Best Western, which will be demolished, Hourani said. The ... Read More »

Craft Beer Distributor Leases Space in Northwest Houston

HOUSTON – Favorite Brands is a family-owned distributor of craft beer, boutique wine and spirits, has signed a lease for industrial space in northwest Houston. NAI Partners recently arranged a 91,200-SF industrial lease for Favorite Brands at 9010 West Little York in Houston. The building is near Highway 290 and Fairbanks North Houston Road. John Ferruzzo and Nick Peterson of ... Read More »

Atlanta Group Buys Austin Multifamily Project

AUSTIN – (Realty News Report) – Atlanta-based Pollack Shores, a real estate investment group focused on multifamily communities in the Southeast and Southwest, purchased the Eastside Station apartment community in Austin for an undisclosed price. Eastside Station, a new, 330-unit mid-rise that offered a urban-infill opportunity in one of the country’s top tech hubs. The seller was Flournoy Development, a ... Read More »

Another Hotel Underway in Downtown Houston

HOUSTON – A new Hyatt Place Hotel is being developed in downtown Houston. Dallas-based Hall Structured Finance has closed a new first lien construction loan totaling $22.8 million to finance the adaptive reuse of the 70-year-old Southwestern Bell Telephone Co. office building in Downtown Houston into a hotel. The 150-key all-suite, select service Hyatt Place Hotel is being developed by ... Read More »

Despite Hurricane, Houston Ranks No. 2 in the Nation in Housing Starts, Behind Dallas

HOUSTON – Houston ranks No. 2 in the nation in housing starts, behind only Dallas, as Texas continues to show exceptional strength in home building. Houston had 27,713 housing starts for the 12-month period ending Sept. 30, according to Metrostudy, a national housing and research firm. That’s a 6.4 percent increase over 2016. Dallas remained as the top new home ... Read More »

The Sequel: Howard Hughes Corp. Starts The Woodlands Hills

CONROE, Texas – (Realty News Report) – Howard Hughes Corp., the developer of The Woodlands, has broken ground at The Woodlands Hills, a 2,000-acre community located about 13 miles north of The Woodlands. The Woodlands Hills will have 4,500 homes, retail development, 112 acres of open space, 20 neighborhood parks and a 17-acre Village Park. The first homes will open ... Read More »

Stewart Title Moving HQ to Four Oaks Place

HOUSTON – (Realty News Report) – Stewart Title has leased 156,000 SF of office space in the Four Oaks Place complex for its near headquarters location. Stewart’s new offices will be subleased from BHP Billiton at 1360 Post Oak Boulevard in the Uptown Houston area. The move will occur at midyear 2019. “Stewart’s associates drive the company’s growth and it’s ... Read More »

Topped Off With Houston Center Deal, Office Building Sales Rebound in 2017

HOUSTON – (Realty News Report) – For folks who sell Houston office buildings for a living, Thanksgiving should be extra special this year. After a paltry $300 million in office building transactions in 2016, the annual sales total will be well into the multi-billions by the time the last deal closes in 2017. And there are still more closings on ... Read More »

New Development Rises on Old Ruggles Grill Site in Montrose Area

HOUSTON – A retail center is being developed on Lower Westheimer on the site of the old Ruggles Grill. The 6,500-SF center, called West Mon Plaza, is nearing completion. It is located just east of Montrose Boulevard in the 900 block of Westheimer. Tenants will include Velvet Taco, Chills 360 and East Hampton Sandwich Co. Lauren Heimann and Josh Jacobs ... Read More »

Transwestern Development Making Its Mark in the Houston Multifamily Market

HOUSTON – Transwestern Development is making its mark in the Houston multifamily market. The initial tenants have moved into The Hayworth, Transwestern Development’s new multifamily project in the Tanglewood area of Houston. The 246-unit upscale eight-story community is located at 1414 Wood Hollow Drive, near the intersection of Voss Road and Woodway. Greystar Management Services is managing the community, which ... Read More »

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