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Mid-range Priced Homes Drive Soaring Houston Housing Market, Metrostudy Reports

HOUSTON – (By Dale King, Realty News Report) – For the 12 months that ended in the first quarter of 2018, Houston remained the second highest volume new-home market in the country, with only Dallas/Fort Worth achieving a greater number of home starts. If that was the only good thing reported about the Bayou City during last week’s “Metrostudy Housing ... Read More »

Colvill to Lease Buffalo Heights Office Space

HOUSTON – Colvill Office Properties has been selected to lease One Buffalo Heights, the 37,000-SF office portion of Buffalo Heights District Phase I, a seven-story mixed-use development at the corner of Washington Avenue and South Heights Boulevard. Colvill’s Michael Anderson and Connor Saxe will lead the leasing effort for the developers, BKR Memorial II LLC and Midway. Slated for completion ... Read More »

The Voice of Master-Planned Experience: Q&A with Ted Nelson, President of Newland Communities

HOUSTON – (Realty News Report) – Over the past several decades, West Houston has enjoyed phenomenal growth. But where is the area headed now? Realty News Report decided to talk to one of the individuals who was involved with the area from the beginning — Ted Nelson, President & Chief Operating Officer, Newland Communities. Nelson, according to the West Houston Association, “continues ... Read More »

Hines Breaks Ground on Wood-Framed Office Building

ATLANTA – (Realty News Report) – Hines has broken ground on T3 West Midtown, a seven-story office building framed with mass timber. Houston-based Hines and Invesco Real Estate, a global real estate investment manager, announced the start of construction on the 230,000-SF office development located within Atlantic Station, a mixed-use project. T3 West Midtown is designed by Hartshorne Plunkard Architecture ... Read More »

Groundbreaking Set for 540-Acre Rail-Served Industrial Park

EL CAMPO, Texas – A group including Stonemont Financial Group of Atlanta will break ground in June on a 540-acre rail-served business park in El Campo, which is about 60 miles southwest of Houston. The project will increase logistics efficiency to and from Mexico and avoid trucking costs and delays, said John Simons of NAI Partners. The business park could ... Read More »

Hines Developing 150-Acre Business Park in Katy

HOUSTON – Hines, in a venture with Katy Partners LTD, is developing a 150-acre business park in the Katy area, west of Houston. The site is at the northwest corner of Interstate 10 and Igloo road between the Amazon and Igloo distribution centers. The development, called Pintail Crossing, is suitable for 2.2 million SF of build-to-suit distribution space serving Houston, ... Read More »

Houston Ranks No. 3 in National Apartment Absorption

HOUSTON – (By Dale King, Realty News Report) – When much of Houston’s turf slipped under lakes of murky flood waters left by Hurricane Harvey last year, it was difficult for anyone to predict when the city’s real estate market would begin to crank out statistics worth boasting about. Apartment occupancy jumped after that colossal storm as Houstonians sought temporary ... Read More »

Howard Hughes Corp. Developing Monarch City in North Texas

ALLEN, Texas – Howard Hughes Corp., the developer of The Woodlands, is developing Monarch City, a 242-acre mixed-use development targeted for a corporate campus. Monarch City is expected to have more than 4 million SF of office, plus multifamily, retail and hotels, reports Steve Brown of the Dallas Morning News. The development, located on U.S. Highway 75 north of Dallas, ... Read More »

Opening May 20: The Expanded 14-Acre MFAH Campus – More Walkable, More Connected

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – How visitors to the Museum of Fine Arts, Houston experience the 14-acre campus is as much a part of the redevelopment project as the new structures and amenities being added to accommodate more exhibitions and programs. With the first completed elements of the multi-venue master plan opening on May 20, ... Read More »

Best April in Houston Real Estate History for Home Sales

HOUSTON – (Realty News Report) – There’s never been a better April for Houston Realtors. According to the latest monthly report from the Houston Association of Realtors 7,070 single-family homes sold in April, up 7 percent from the 6,611 homes sold in April 2017. Last month was the best April on record for Houston and it indicates the spring selling ... Read More »

Wedge Buys Sugar Land Office Building

HOUSTON – (Realty News Report) – Wedge Properties Management has acquired Three Sugar Creek, a six-story, 154,263-SF Class A office building in Sugar Land, on the southwest side of the Houston area. The HFF team represented the seller, Radler Enterprises and procured the buyer. Additionally, the HFF team arranged a 10-year, fixed-rate acquisition loan on behalf of the buyer. Three ... Read More »

As WTI Passes $70 Per Barrel, Koontz Sells Two Multifamily Projects in Permian Basin Area

ODESSA, Texas – (Realty News Report) – San Antonio-based Koontz Corp. sold  two multifamily developments in the Permian Basin of West Texas to Fort Worth-based Olympus Property. The announcement comes as West Texas Intermediate crude crossed the $70 per barrel threshold for the first time since 2014. “Our investments in the Midland-Odessa multifamily market have proven to be quite successful,” ... Read More »

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