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Author Archives: rnrbivins

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 »

Australian Developer Goes Bold in Midtown Houston: Q&A with Caydon’s Joe Russo

HOUSTON –  (By Cynthia Lescalleet for Realty News Report) – With first residents expected July 1 at Drewery Place, Caydon Development’s high-rise apartment building in Midtown, company CEO Joe Russo was in Houston to check the $200 million project’s progress as well as that of the second phase of the Melbourne-based company’s mixed-use development, Houston Laneways. Multi-phased, the project is located ... Read More »

Bayou Greenways 2020 Creating Recreation, Conservation, Connection, Resilience

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – Over the weekend a pair of new hike-and-bike trails officially opened along Sims Bayou in Houston as part of Bayou Greenways 2020. While relatively small in length, the new 1.5-mile and 2.5-mile segments are helping connect Bayou Greenways’ growing network of new and renewed parks, trails and public spaces on ... Read More »

Austin Firm Breaks Ground on Multifamily Project in Clear Lake

HOUSTON – (Realty News Report) – Austin-based Oden Hughes LLC has broken ground on a 380-unit apartment complex at the corner of Bay Area Blvd. and Middlebrook Drive in Clear Lake City on the southeast side of Houston. MXCAP, a Monterey, Mexico-based group led by Jorge Alberto Sanchez Salinas, is a significant investor in the project. A lack of sufficient ... Read More »

The 23,500-Acre ‘East Mile High Ranch’ is For Sale; West Texas Property with Airstrip

SIERRA BLANCA, Texas – The General Land Office of the State of Texas is moving to sell the 23,500-acre East Mile High Ranch in Sierra Blanca, about an hour’s drive from El Paso, according to CBRE. This large ranch is fronting FM1111 and is located just north of IH 10 in Sierra Blanca, in Hudspeth County in West Texas. The ... Read More »

Avera Breaks Ground on Cedar Port Logistics; 15 Acres Under Roof in Massive Industrial Park

HOUSTON – (By Kyle Hagerty for Realty News Report) – One of Houston’s hottest industrial submarkets is getting hotter with Avera breaking ground on a 643,951-SF rail-served building at Cedar Port Logistics near the Port of Houston. The 40.8-acre project is the latest to join the Baytown industrial park, the largest master-planned rail-and-barge-served industrial park in the United States. Situated ... Read More »

Baker Botts to Anchor Stream’s New Office Tower in Downtown Austin

AUSTIN – (Realty News Report) – Baker Botts, the law firm founded in Houston in 1840, has leased 50,000-SF in RiverSouth, a 15-story office tower under construction in downtown Austin. Developed by Stream Realty, the tower will have 330,000 SF of office and 18,000 SF of retail. Completion is slated for 2021. RiverSouth sits on a 1.5-acre parcel on the ... Read More »

Storm Surge: The Widespread Threat to Property in Hurricane Season (Note: Gulf Disturbance Near Yucatan, Tues. June 4)

HOUSTON – (By Dale King, Realty News Report) – Hurricane Harvey’s 50 inches of rain was severe. But even when the rain and wind of a hurricane is rated only Category 1, storm surge-generated flooding poses a great threat to homes along the coast – a situation that virtually any cyclonic storm could create, said speakers at a recent Core-Logic ... Read More »

Cash or Check? Tampa Bay Bucs Owner Buys Sugar Land Office Tower: No Bank Loan Required

SUGAR LAND, Texas – (Realty News Report) –  One Sugar Creek Center, also known as The Comerica Bank Building, a 194,000-SF office building 19 miles southwest of downtown Houston has been acquired by Kevin Glazer, founder and CEO of Glazer Properties. Glazer, co-owner of the NFL’s Tampa Bay Buccaneers, inspected and closed the deal in 37 days. Paying “with cash” ... Read More »

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