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Author Archives: rnrbivins

Florida Firm Buys Hilton and Marriott (Total: 870 Rooms) in Greenspoint Area

HOUSTON – (Realty News Report) – Driftwood Hospitality Management, a North Palm Beach, Fla.-based hotel management company, acquired two hotels in Houston’s Greenspoint area:  the 480-room Hilton Houston North and 390-room Marriott Houston North. All rooms and public space will be renovated at the Hilton, 12400 Greenspoint Drive. The Marriott Houston North, 255 N. Sam Houston Parkway East, will go ... Read More »

Office Space Leased on Post Oak Parkway

HOUSTON – (Realty News Report) – HighTower Texas, a Chicago-based investment advisory firm, has signed an eight-year 15,780-SF lease at Five Post Oak Park, 4400 Post Oak Parkway, for its new Texas headquarters. The firm entered the Houston market in April when it acquired Houston-based Salient Partners LP, which was located at 4265 San Felipe. Avison Young Principal Harry Holmes, ... Read More »

The Formation, Decline and Recovery of the Energy Corridor: Q&A with David Wolff

HOUSTON – (Realty News Report) – Battered by the downturn in energy prices that began some four years ago, Houston’s Energy Corridor seems to be on an upswing now, even though oil prices remain volatile. Still, there is a significant amount of empty office space in the sector. So, what does the future hold for the Energy Corridor? Realty News ... Read More »

Multifamily Deliveries: Run, Run Rudolph – Packages Set to Skyrocket at Apartment Communities

HOUSTON – (By Dale King, Realty News Report) – Chances are if you live in a multifamily dwelling, you’ll hear lots of delivery trucks roaring through your neighborhoods this holiday season. There’ll be a spike in door knocks and doorbell rings and lots of reindeer paws clattering on your roof. Just in time for the holiday delivery season, the 2018 ... Read More »

The State of the Texas Medical Center (Where 106,000 Are Employed in 50 Million SF)

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – While some of the $3 billion in new construction planned for the next ten years is purely physical at the Texas Medical Center, there are Bio Bridges being built that will be true gateways to new and life-saving treatments. One such path is the TMC-Australia BioBridge, which includes a ... Read More »

The State of Houston’s Apartment Market: Q&A with Bruce McClenny

HOUSTON – (Realty News Report) – Houston’s multifamily market has been on a roller coaster ride these past 18 months. The market was relatively soft until Hurricane Harvey hit, then much of the multifamily sector vacancy disappeared. Now, as those Harvey renters move back into their homes, Houston’s occupancy scenario is changing again. Yet developers are still building new multifamily ... Read More »

Meritage Homes Leases Space in New Worth & Associates Office Project

SAN ANTONIO – (Realty News Report) – San Antonio commercial real estate developer Worth & Associates has secured Meritage Homes as the anchor tenant for its new Inwood Village office complex under development in San Antonio. The 77,000-SF office project is currently under construction at 2722 Bitters Road in North Central San Antonio. Meritage Homes leased 16,000 SF in the ... Read More »

Best October in the History of Houston Home Sales, HAR Reports

HOUSTON – (Realty News Report) – Last month was the best October on record for home sales in an October. The Houston Association of Realtors reported 6,716 homes were sold in October 2018, up 4.7 percent from the 6,417 homes sold in October of 2017. The previous sales record for an October was set in October 2014 when 6,515 single-family ... Read More »

900 Units Sold in South Austin, Newmark Knight Frank Reports

AUSTIN – (Realty News Report) – Newmark Knight Frank completed the sale of three multifamily communities (905 units) in South Austin. NKF vice chairman Patton Jones of the firm’s Multifamily Capital Markets group negotiated the trades. “The south Austin submarket is considered one of the strongest suburban submarkets due to multiple transportation arteries including IH-35, South Congress, South Lamar, and ... Read More »

Dallas No. 1, While Other Texas Markets Strong in Real Estate Investment Potential

HOUSTON – (Realty News Report) – With Dallas-Fort Worth ranked No. 1 in the nation, Houston is a real estate market on the rise and “has it all” as cited in the investment market rankings of Emerging Trends in Real Estate 2019 by PwC and the Urban Land Institute. Houston posted No. 37 of 79 U.S. cities, which is a big improvement ... Read More »

Hines Developing 39-Story Tower in Dallas

DALLAS – (Realty News Report) – Hines will develop a 39-story, 344-unit apartment tower in the 75-acre Victory Park project developed by Hillwood near downtown Dallas. The 500,000-SF residential building, called The Victor, will be built across the street from American Airlines Center arena. The building, which will include 10,000-SF of retail, was designed by Munoz + Albin, a Houston ... Read More »

Multifamily Market Update: The Recovery From Hurricane Harvey

HOUSTON – (By Dale King, Realty News Report) – The Houston metropolitan area has spent more than a year battling back from the destructive footprint left by Hurricane Harvey midway through 2017. And the effort to recover continues to succeed, says the Q3 2018 Houston Multifamily Report from Berkadia Real Estate Advisors, LLC. “The impact of Hurricane Harvey and the ... Read More »

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