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Brompton Apartments Acquired

HOUSTON – (Realty News Report) – S2 Capital has acquired the 793-unit Brompton Court apartments at 7510 Brompton Road in Houston. JLL’s Capital Markets secured financing for the acquisition of the project. Voya Investment Management, LLC provided the loan for S2 Capital, an Addison, Texas-based firm led by Scott Everett. The seller was CMS Brompton Court, L.P. Managing Director Mark ... Read More »

Florida Investor Buys Houston Apartments Near Galleria

HOUSTON – (Realty News Report) – Florida-based Avesta Communities acquired the 426-unit Chateaux Dijon Apartments in an off-market transaction topping $45 million. The project is set on 10.8 acres at 5331 Beverly Hill St., within walking distance of the Galleria. Chateaux Dijon was 90 percent leased at sale time. The buyer’s broker, Glenn Dickerson of NewQuest Properties negotiated with the ... Read More »

Groupo Comercial Chedraui to Acquire Fiesta Mart for $300 Million

HOUSTON – Fiesta Mart, a Houston-based grocery chain with 63 stores, is being acquired by Groupo Comercial Chedraui, a Mexico-based retailer, for $300 million. Chedraui already has 60 grocery stores in California and other states operating under the El Super brand name. The addition of Fiesta Mart makes the chain a strong national force in selling groceries to the Spanish-speaking ... Read More »

Houston’s Hottest Spot for Land Deals? – Realty News Report’s Q&A with Veteran Land Broker Stan Creech

HOUSTON – (Realty News Report) – “Buy land, they’re not making any more of it,” Humorist Mark Twain once famously said. Houston real estate legend Stan Creech doesn’t necessarily buy land; he brokers it – to the tune of $2 billion during his more than 40 years in the real estate business. Since his graduation from the University of Texas law school in 1971, Creech specializes in the sale of ... Read More »

This H-E-B Won’t Flood: Grocer Shows Meyerland Residents the Plans For Two-Story Store at Meyerland Plaza

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Meyerland community lost more than homes when Hurricane Harvey hit Houston last year. It lost its H-E-B grocery. The H-E-B void will be filled in late 2019 when a new, elevated store is completed at Meyerland Plaza, at the corner of Loop 610 and Beechnut in southwest Houston. ... Read More »

Crosswell Polishes Off Remaining Tracts in Master Planned Community

PEARLAND, Texas – (Realty News Report) – Houston developer Allen Crosswell, managing principal of NewQuest Crosswell, has purchased the remaining commercial tracts in Shadow Creek Ranch, a 3,300-acre master planned community that is nearing completion. The deal, with a Crosswell-led partnership acquiring the remaining 63 acres of commercial reserves in Shadow Creek Ranch, represents the final exit from the master-planned ... Read More »

Upscale Denver Steakhouse Signs 13,000-SF Lease at One Allen Center

HOUSTON – (Realty News Report) – Guard and Grace, a modern Denver-based steakhouse, will open a 13,000 SF restaurant in the One Allen Center building in downtown Houston. The restaurant, scheduled to open in summer 2019, continues a relationship between the restaurant group and Brookfield Properties, which owns the Allen Center office complex and the Denver building where Grace and ... Read More »

Salata Adding 130 Restaurants

HOUSTON – (Realty News Report) – Salata, a Houston-based, fast-casual salad restaurant, has tapped CBRE to assist in its plans to add 130 locations and enter new markets in Florida. CBRE will advise Salata it in selecting locations for the 30 restaurants it plans to open this year and another 100 in 2019 and 2020. Salata’s expansion is focused on ... Read More »

Stewart Title Co. to be Sold for $1.2 Billion

HOUSTON—(Realty News Report) —Houston-based Stewart Information Services Corp. will be acquired by Fidelity National Financial, for $1.2 billion, the companies announced in a press release Monday. Stewart, which was founded in Galveston in 1893, has 20 Stewart locations in the Houston area, where thousands of real estate transactions have closed over the years. The firm  offers title insurance policies and ... Read More »

Colliers: Dallas and Houston Were National Leaders in Medical Deals in 2017

HOUSTON – (Realty News Report) – Houston and Dallas rank near the top of new national rankings for investment sales in the healthcare sector, according to a new report by Colliers International. In 2017, Atlanta was No. 1 in medical-related real estate deals with $1.1 billion in sales. Los Angeles, with $973 million in sales, ranked second. Dallas, with $893 ... Read More »

Drilling Contractors Association Signs HQ Lease in Westchase

HOUSTON – (Realty News Report) – The International Association of Drilling Contractors leased 18,920 SF for its headquarters in the new, eight-story Lockton Place building, 3657 Briarpark Drive in Westchase. The association, founded in 1940, will move its headquarters from 10370 Richmond in the third quarter. JLL’s Chad Barker and Matt Sanderson represented the Drilling Association. JLL’s Russell Hodges and ... Read More »

Clear Sky Capital Buys Greenspoint Apartments

HOUSTON – (Realty News Report) – Clear Sky Capital of Phoenix has acquired the 192-unit North Park Apartments, 90 Northpoint Drive, in the Greenspoint area. The project is located south of Beltway 8 and east of Interstate 45, south of Greenspoint Mall. CBRE Capital Markets’ Debt & Structured Finance team has arranged $10 million in financing for the purchase with ... Read More »

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