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Braun Acquires Yorktown Plaza Near Galleria

HOUSTON – (Realty News Report) – Braun Enterprises purchased Yorktown Plaza, a 196,000-SF office and retail complex on West Alabama near the Galleria in Houston. Yorktown Plaza, which is 54 percent occupied, includes 35,000-SF of retail and two 6-story office buildings in the 5300 block of West Alabama, between Yorktown and Rice. HFF’s Wally Reid and Kelly Layne represented the ... Read More »

Site of Houston’s First Sears Store to become Major Ismaili Muslim Center

HOUSTON – (Realty News Report) – An Ismaili Muslim center is being planned for a prime 11-acre tract  – once the site of Houston’s first Sears store – just west of downtown Houston near Buffalo Bayou. The Ismaili Center in Houston will serve the city’s approximately 40,000 Ismaili Muslims and is expected to include a Jamatkhana, or prayer hall, educational ... Read More »

Sanford Criner to Lead Board of New Hope Housing

HOUSTON – (Realty News Report) – New Hope Housing, the state’s leader in providing permanent, affordable, supportive housing for those who have experienced homelessness or at risk of becoming homeless, has named a new chairman to its board of directors. Sanford Criner, vice chairman of Global Corporate Services, CBRE, has been named executive chairman after serving 13 years on New Hope’s board. A native Houstonian, ... Read More »

Dollar Tree to Build 1.2 Million SF Facility Southwest of Houston

ROSENBERG, Texas – Dollar Tree Inc.,  North America’s leading operator of discount variety stores, has announced tentative plans to build a 1.2 million SF distribution center project in Rosenberg, about 40 miles southwest of Houston. The $130 million project, expected to break ground this spring, will create more than 300 new jobs for the Rosenberg and surrounding communities, according to ... Read More »

Wood Partners Breaks Ground on Multifamily Project Near Memorial Park

HOUSTON – (Realty News Report) – Wood Partners has broken ground on the 204-unit Alta Washington Avenue, a multifamily project near Houston’s Memorial Park in the Inner Loop. The 7-story community, 6400-01 Washington Avenue, will be located just south of Interstate 10. Scheduled to open in the Winter of 2020, Alta Washington Avenue will feature 1- and 2-bedroom floor plans, ... Read More »

Lionstone Investments Moves HQ to Historic Building in Downtown

HOUSTON – (Realty News Report) – Houston-based Lionstone Investments relocated its headquarters to the historic 712 Main Street building, an asset it owns in a joint venture. “Lionstone chose 712 Main because of both its prime location and its historical significance,” said Lionstone President Jane Page. “We’ve been involved in the revitalization of the 1929-vintage building since we acquired it ... Read More »

BoyarMiller Real Estate Forum: Houston’s Industrial Market is Hot While City Emerges as Investor Gateway

HOUSTON – (Realty News Report) – Houston, which is becoming a gateway market for investors, boasts an industrial real estate market that is exceptionally strong as 2019 unfolds,  Avera Companies’ Trey Odom told the annual BoyarMiller Real Estate Forum in Houston. “The fundamentals are good with 11 million SF (built in 2018)  and we absorbed 9 million SF of it, ... Read More »

Colliers: 85 Industrial Buildings Under Construction in Houston

HOUSTON – (Realty News Report) – Eighty-five industrial buildings, totaling 11.9 million SF are under construction in Houston and slated for 2019 completion. “Most of what is being built is absorbed as fast as it’s being built,” said Patrick Duffy, president of Colliers International, speaking at the Colliers’ Houston Trends 19 event at the Houston Country Club last week. Although ... Read More »

Real Estate News Briefs

Formwork Services & Supply LP leased 217,800 SF of industrial space on five acres at 2200 Lauder Road in Houston. The tenant was represented by Glynn Mireles with CBRE Houston. The landlord: Allied Stone, Inc., was represented by Carlton Anderson with CBRE Houston. Harvest Market will open its fourth Houston area store in Woodforest, a 3,000-acre master-planned community surrounding Woodforest Golf Clubin ... Read More »

Spaces Launching Two ‘Co-Working’ Office Facilities in Houston

HOUSTON – (Realty News Report) – Spaces, an international force in the “co-working” segment, is opening two new office locations in Houston, according to Midway. Spaces, described as a creative flexible workspace pioneer, is leasing space in downtown in Houston’s Innovation Corridor at GreenStreet in downtown  at 1201 Fannin. Spaces leased 63,000 SF in GreenStreet, a Midway mixed-use development covering ... Read More »

Hines Developing the Tallest Residential Building in Downtown – Groundbreaking in March

HOUSTON – (Realty News Report) – Hines will break ground in March on a 46-story residential tower, which will be the tallest apartment tower in downtown Houston. The development, called The Preston, is being developed with investment partners, Cresset Wealth Advisors and Levy Family Partners. The 373-unit project – completion is slated for the third quarter of 2022 – is ... Read More »

Contreras: DC Partners Reports Strong Sales at Arts Thompson Project in San Antonio

SAN ANTONIO –  Houston high-rise condo developer Roberto Contreras, CEO of DC Partners reports the Arts Residences at Thompson San Antonio Hotel is 65 percent sold, including three penthouses. The 61-unit project, slated for completion in early 2020,  will sit atop of a new Thompson Hotel. The condos are priced from the high $400s to $4.5 million for the penthouses. ... Read More »

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