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San Antonio Multifamily Firm Acquires 352 Units in Houston

HOUSTON – Valcap Group has acquired a 352-unit multifamily community in Katy, west of Houston in an off-market transaction, according to CBRE. The apartment property, The Remington Katy, now known as Luxe at Katy Apartments, is located at 22631 Colonial Parkway. Matt Phillips and Clint Duncan, both Senior Vice Presidents with CBRE in Houston, represented the seller, Conti Street Partners, ... Read More »

Houston and the Flip-Flop of Investor Sentiment

HOUSTON – (Realty News Report) – Fear of the Houston office market intensified about three years ago. The oil price crash whacked the energy companies, which dumped massive amount of office space onto the sublease market. Some office-building owners, like Cousins Properties, decided to hightail it out of town. Houston was an outcast in the capital markets world. Investors stayed ... Read More »

Hines New 32-Story Apartment Tower to Include City’s First “Chef Hall”

HOUSTON – (Realty News Report) – Aris Market Square, the new 32-story apartment tower developed by Hines in downtown Houston, will have the city’s first “chef hall.” The 9,100-SF ground-floor restaurant space, called Bravery Chef Hall, is “an evolution of a food hall and offers fine dining with the speed of counter service,” said Hines. Ziegler Cooper Architects, working in ... Read More »

Capital Retail Properties Develops Retail Center in Spring Area

HOUSTON – (Realty News Report) – Capital Retail Properties is developing the Shops at Spring Village, a 20,800-SF center at 2209 Spring Stuebner Road, near the Exxon Mobil campus. The initial tenants, including Dunkin Donuts, AT&T and Sports Clips, will open in the first quarter of 2018. Capital Retail Properties is a Houston firm led by Eric Walker, Anderson Smith ... Read More »

Houston Will Gain 45,000 Jobs in 2018, Predicts Economist Patrick Jankowski

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Patrick Jankowski, the Greater Houston Partnership’s Senior Vice President, Research and Regional Economist, says he’s cautiously optimistic about the Houston economy for 2018. “I’m more excited about 2018 than I was about 2017 – we were dealing with a loss of 28,900 energy jobs, a loss of one in every ... Read More »

Hurricane Harvey Victims May Get Some Relief from Amended Tax Returns

HOUSTON – (By Dale King, Realty News Report) – Just three months ago, first responders poured into the Houston area to render immediate aid to millions of people harmed, displaced, traumatized and left with ruined homes, businesses and lost belongings after Hurricane Harvey. The wave of wind and rain dumped 50-plus inches of water on a region that’s still dealing ... Read More »

Transwestern Completes 2 Million-SF Sale-Leaseback

TEMPE, Ariz. – (Realty News Report) –  A partnership of Transwestern Investment Group and JDM Partners LLC has acquired a 2 million-SF corporate campus near Phoenix in a sale-leaseback with State Farm Auto Insurance Co. The 20-acre office campus is located just east of Phoenix, between Arizona State University and Tempe Town Lake. The Arizona sale-leaseback is the third major ... Read More »

Charming Charlie to Close 100 Stores

HOUSTON – (Realty News Report) – Charming Charlie, a Houston-based retail chain, is expected to close about 100 of its 375 stores, according to news reports. The company recently announced plans reduce employee headcount at its Houston Corporate Support Center and Distribution Center. The firm also said it would shutter stores, but it did not specify the exact number of ... Read More »

Buyer Emerges for Houston’s 41-Story Marathon Oil Tower

HOUSTON – (Realty News Report) – A partnership of M-M Properties of Houston and Baupost Group of Boston is expected to purchase the 41-story Marathon Oil Tower on the northwestern side of Houston’s Galleria area, according to Real Estate Alert. With a $175 million offer, the partnership appears to be the top bidder for the 1.2 million-SF building. The seller, ... Read More »

Do Oil Prices Still Matter? Houston Real Estate Q&A with Rand Stephens of Avison Young

HOUSTON – (Realty News Report) – Houston’s real estate industry has had quite a year. During the struggle to recover from the impact of low oil prices, the real estate sector has been battered by Mother Nature in the form of Hurricane Harvey. What’s next? To gauge the health of Houston’s real estate market, Realty News Report talked with Rand Stephens, Managing ... Read More »

Chicago Investor Buys NW Houston Business Park

HOUSTON – (Realty News Report) – Brennan Investment Group of Chicago has acquired  Fairway Park, a five-building, 135,571-SF light industrial park in Houston. The business park, which is 84 percent occupied, has a mix of office and warehouse space. The buildings are located on Hempstead Highway and Fairway Park Drive. Since 2010, Brennan has acquired $3 billion in industrial real ... Read More »

Houston Retailer to Close Stores, Cut Employees at HQ

HOUSTON – Charming Charlie, a Houston-based retail chain, plans to close a number of underperforming stores and reduce employee headcount at its Houston Corporate Support Center and Distribution Center. “By reducing the size and scale of our operations, we have the opportunity to stabilize the business,” Interim CEO Lana Krauter said in a press release. “We are working closely with ... Read More »

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