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Author Archives: rnrbivins

Creating 100,000 Jobs While Recovering From a Hurricane: Q&A with Mayor Sylvester Turner

HOUSTON – (Realty News Report) – More than a year after Hurricane Harvey hit Houston, how is the city recovering?  Is Houston prepared for another massive storm? What more can be done? To find out the answers to these questions, Realty News Report went to the top — to Mayor Sylvester Turner, the Executive Officer of the City. Elected in December ... Read More »

Investcorp Buys $300 Million Portfolio with 19 Texas Properties

HOUSTON – (Realty News Report) – Investcorp, a Bahrain-based firm, has acquired a portfolio of 56 industrial properties, including two in Houston, for $300 million. Greenfield Partners of Connecticut is the seller of the 4.5 million SF portfolio, which is 91 percent leased. CBRE’s Jack Fraker, Jonathan Bryan, Randy Baird and Ryan Thornton of Dallas were part of the marketing ... Read More »

Home Affordability: The Rent vs Buy Question

HOUSTON – (By Dale King, Realty News Report) – The monthly cost of owning a home has surged this year, decelerating existing home sales to the slowest pace in more than two years, says a research brief drafted this month by Institutional Property Advisors, part of Marcus & Millichap Real Estate Investment Services Inc. Home sales declined in July for ... Read More »

Buffalo Heights Mixed-Use Project Tops Out

HOUSTON – (Realty News Report) – Arch-Con Construction announced it has topped out the seven-story, 742,000-SF Buffalo Heights District mixed-use development at the intersection of Washington Avenue and South Heights Boulevard. The Buffalo Heights District, owned by the Gordy family and developed by Midway, includes a mixed-use project designed by Ziegler Cooper Architects. A 96,000-SF urban prototype H-E-B will be ... Read More »

MARS Properties Breaks Ground on Katy Development

HOUSTON – (Realty News Report) – MARS Properties has broken ground on High Point West, an 89,440-SF industrial distribution center in Katy, west of Houston. CBRE will lead the marketing for the High Point West project, located at 1039 Schlipf Road. High Point West has direct access to the Interstate 10 corridor, serving Houston, Austin and San Antonio. The state-of-the-art ... Read More »

Lessons From the Past: Q&A with Stephen Fox, Architectural Historian

HOUSTON – (Realty News Report) – Space City is known for wanting everything to be new. It is not known for saving its historical structures. But that seems to be changing with the preservation of the Astrodome after decades of debate. Why has the city torn down so many of what many consider architectural gems? Is that trend changing as ... Read More »

Stonelake Developing 15-Story Office Tower on Westheimer in Houston’s Inner Loop

HOUSTON – (Realty News Report) – Stonelake Capital Partners has announced plans to develop a 15-story office building at the corner of Westheimer Road and Mid Lane in the Inner Loop of Houston. Stonelake, a real estate private equity firm, with offices in Houston, Dallas and Austin, has expects to break ground in January on the 200,000-SF building on a ... Read More »

NKF Capital Markets Completes Sale of 22-Property Self-Storage Portfolio

HOUSTON – (Realty News Report) – NKF Capital Markets has completed the sale of a 22-property self-storage portfolio acquired by a Texas-based investment firm. The buyer, Etude Capital Storage Holdings LLC, said the transaction includes land that allows for the construction of additional self-storage properties. The self-storage segment has attracted considerable investor interest, according to NKF Capital Markets, which originated ... Read More »

Houston’s Industrial Building Boom: Q&A with Robert Clay of Clay Development

HOUSTON – (Realty News Report) – As Houston’s industrial market transforms into a major player for larger distribution users, the sector remains a hotbed of activity. According to NAI Partners, the Houston industrial development pipeline is reaching levels not seen in over two years – some 12.4 million SF compared to the all-time recorded high of 15 million SF reached ... Read More »

West Ave Project at Kirby and Westheimer Acquired by FPA

HOUSTON – (Realty News Report) – West Ave, a mixed-use project at the key intersection of Kirby and Westheimer in the Upper Kirby District of Houston, has been acquired by California-based FPA Multifamily. Developed by Atlanta-based Gables Residential, West Ave opened about 10 years ago. The seven-story development, designed by Looney Ricks Kiss, has 194,000 SF of retail and 397 ... Read More »

Bellaire Citizens Question Acquisition of 30-Acre Chevron Site

BELLAIRE – (By Michelle Leigh Smith for Realty News Report) – The buyer of the Chevron campus in Bellaire told the city’s Planning and Zoning Commission that the existing buildings on the campus will be leased as multi-tenant office space. SLS Properties, expected to finalize the purchase this fall, is planning to build a four-level parking garage on the 30.5-acre ... Read More »

Best August Ever for Houston Home Sales

HOUSTON – (Realty News Report) – The Houston housing market registered 8,358 single-family home last month – the strongest sales ever for a month of August, the Houston Association of Realtors reported. A strong local economy fueled the strong real estate performance. The Houston economy created 101,800 jobs in the 12-month period ending in July, the strongest job growth pace ... Read More »

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