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Author Archives: rnrbivins

The Biggest Deal in the History of Self Storage: 3.2 Million SF Sold

HOUSTON – (Realty News Report) – Newmark Knight Frank has completed a 50-property self-storage portfolio sale, the largest self-storage property deal in the history of real estate investing. The acquisition by SROA Capital Fund VII, L.P. includes 21,787 storage units containing a total of 3,150,819 SF of rentable space. Located in six states – Tennessee, Georgia, North Carolina, South Carolina, ... Read More »

Backfill Bonanza: Retailers Making Moves on Second Generation Space

HOUSTON – (By Dale King, Realty News Report) – Normally, there’s very little good to say about a store – or, worse, a chain of them – going out of business. Too many “Store Closing” signs are seen these days at malls and strip plazas, the result of outmoded marketing concepts, internal and/or external financial woes or, mainly, the growing ... Read More »

A Hot June for Houston Home Sales

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Houston Association of Realtors reported 8,097 single-family homes were sold in June, as the Houston housing market continued to outpace the record sales of last year. On a year-to-date basis, however, single-family home sales are running 1.4 percent ahead of 2018’s record pace. “June was a busy month ... Read More »

Austin Investor Buys Hogg Palace Lofts in Downtown Houston

HOUSTON – (Realty News Report) – Kline Properties, an Austin real estate group, has acquired the historic Hogg Palace Lofts, an eight-story mixed-use building located at 401 Louisiana Street in downtown Houston. JLL’s Chip Nash and Bob Heard and Houston Income Properties’ Jim Hurd and Bishale Patel represented the seller, Randall Davis Company. Constructed in 1921, Hogg Palace now stands ... Read More »

NAI Partners Moving HQ Office to Four Oaks Place

HOUSTON – (Realty News Report) – NAI Partners is relocating its headquarters to Four Oaks Place, where the Houston-based commercial real estate firm has leased 20,000 SF (a full floor) at 1360 Post Oak Boulevard in Uptown Houston. The move represents a 6,000 SF expansion from its office at 1900 West Loop South. NAI Partners’ Dan Boyles, head of the ... Read More »

Micro-Unit Multifamily, Mixed-Use Projects and More: Q&A with Sandy Aron of Hunington Properties

HOUSTON – (Realty News Report) – Thanks to positive job formations and strong single-family home sales, Houston’s retail real estate market continues on an upward trend. Sales of single-family homes increased 2.8 percent in May, according to the Houston Association of Realtors, with 8,346 homes sold. On a year-to-date basis, home sales are running 2.7 percent ahead of 2018’s record pace. ... Read More »

WeWork Leases 56,000 SF in Hines Tower for a Coworking Facility in Downtown Houston

HOUSTON – (Realty News Report) – WeWork has leased space in Hines’ 609 Main at Texas building for its second coworking location in downtown Houston. WeWork leased 56,000 SF at 609 Main at Texas — a 48-story, 1.1 million-SF office tower completed by Hines in 2017. WeWork will occupy the building’s 25th and 26th floors. Hines was represented by Michael ... Read More »

Denver Firm Buys Office Building for $27.4 Million

SUGAR LAND – (Realty News Report) – Northstar Commercial Partners, a Denver-based investment firm, acquired the  77 Sugar Creek Center Boulevard, a 143,000 SF  office building located in Sugar Land, for $27.4 million. Sugar Creek building, formerly called Two Sugar Creek, houses a diverse tenancy of mid-sized offices, with over 35 tenants and is 94 percent leased. Velocis was the ... Read More »

Texas Real Estate Briefs – From Realty News Report

Houston real estate briefs Allied Industrial Sales leased 42,842 SF at 3003 Highway 225 in Pasadena.  The tenant was represented by John Luck and Griffin Rich of Newmark Knight Frank in the transaction with the landlord, LIT Industrial Limited Partnership. …………………………………………….  Fluid Flow Products has signed a lease for 26,520 SF of office warehouse space in Sterling Industrial Park at 186 White ... Read More »

Hines Launches Coworking Initiative

HOUSTON – (Realty News Report) – Hines is launching a coworking initiative, called Hines²  (Hines Squared) to meet the demand for flexible office space. The coworking service will be introduced at the 33-story 717 Texas building in downtown Houston and the 167,000-SF Kearns Building in Salt Lake City. Hines said the program will be rolled out in Atlanta, Boston, Denver, ... Read More »

Danton’s Restaurant to Relocate and Reopen as Eugene’s Gulf Coast Cuisine

HOUSTON – (Realty News Report) – Restaurateur Kyle Teas is creating a new concept, Eugene’s Gulf Coast Cuisine, which will be located in the storied Mockingbird Bistro spot at 1985 Welch Street, in Houston’s Inner Loop. The new restaurant is an evolution from Teas’ former Danton’s Gulf Coast Kitchen, which was located in the 4600 block of Montrose Boulevard in ... Read More »

Let Freedom Shine: Freedom Solar Opens New HQ as Solar Panel Industry Expands

AUSTIN – (Realty News Report) – Freedom Solar, one of the largest solar panel installers in Texas, has moved into its new headquarters building in Austin. Located at 4801 Freidrich Lane, the new Austin headquarters features 20,000 SF of space, including a warehouse that will hold thousands of solar panels. “The opening of our new Austin headquarters is a continuation of ... Read More »

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