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Rooms To Go Store Planned at NewQuest Crosswell’s Pearland Project Near Highway 288

PEARLAND, Texas – NewQuest Crosswell is selling a 3.5-acre site on the west side of Highway 288 in Pearland for a Rooms To Go furniture store. Construction of the 39,000-SF store will begin early in 2018, says Allen Crosswell, managing principal, of NewQuest Crosswell. The site, located near Medical Center Drive, is in the firm’s Reserve at Shadow Creek development. ... Read More »

Kingwood and Katy: National Standouts in Both Schools and Home Affordability, Says Realtor.com Study

HOUSTON – (By Dale King) – Kingwood and Katy – two communities in the Houston suburbs – are among the leading communities in the nation for delivering both relatively affordable housing and good schools, according to a new study by Realtor.com. “When searching for a new home, finding something affordable in a good school district with family-friendly features, such as ... Read More »

Jeronimo Hirschfeld Buys Another Houston Apartment Complex

HOUSTON – Jeronimo Hirschfeld, a developer and CEO of Miami-based One Real Estate Investment, has announced the acquisition of an Alief area multifamily project, continuing his quest to build a Texas apartment portfolio. His latest acquisition is the 438-unit Winding Trails Apartments, 10300 Wilcrest near Bissonnet Street. “We are very excited as we continue to grow and expand into different ... Read More »

Even With New Google Skyscraper, Austin Office Vacancy Remains Low

AUSTIN – (By Dale King) – With a new skyscraper anchored by Google opening in downtown amid concerns that the Austin economy might be slowing, demand for office space remained strong in the second quarter of 2017, states a report from the Avison Young commercial real estate services firm. Austin’s overall vacancy remained low – at 8.7 percent, Avison Young ... Read More »

Building Successful Real Estate Organizations: Q&A with Elke Laughlin

HOUSTON – After two and a half decades in commercial real estate, Elke S. Laughlin decided to strike out on her own, forming the Laughlin Consulting Group in Houston. She most recently served as Executive Vice President of Corporate Development with NAI Partners, one of Texas’ largest independently owned commercial real estate services organizations. Prior to joining NAI Partners, she ... Read More »

Barriers to Entry: Houston and Lone Star State Have Low Hurdles for New Apartment Development, Study Shows

HOUSTON – (By Dale King) – A new study commissioned by the National Apartment Association and the National Multifamily Housing Council has created a numerical classification that ranks 50 metropolitan areas nationwide on the basis of the ease – or lack of it – for building necessary new multifamily residences. The “Barriers to Apartment Construction Index” examines and ranks large ... Read More »

Four New Restaurants Coming to Pasadena

PASADENA, Texas – Four new freestanding restaurants are being developed on an 8-acre site at the southeast corner of  Beltway 8 and Vista Road in Pasadena, according to Colliers International. The four restaurants are Razzoo’s Cajun Cafe, Red Robin, Chuy’s and Outback Steakhouse. The seller of the land, Fairplay Partners Ltd., was represented by Marshall Clinkscales of Colliers International. The ... Read More »

Midway Making a Fashion Statement: Social Status and the New Soft Goods Offerings at CityCentre

HOUSTON – (By Michelle Leigh Smith) – Some mornings, customers are queued up by 4 a.m. for a shot at purchasing the hottest release Social Status has to offer. One day, the shoe may be from the infamous Yeezy Boost lineup. Another day, the line is for a shoe from the self-proclaimed supernova Belgian designer Raf Simons. Release dates for ... Read More »

Exeter Acquires Business Park in Northwest Houston

HOUSTON – Exeter Property Group, an investment management firm based in Conshohocken, Pa., has acquired Bammel Business Park in northwest Houston. The five-building, 246,000-SF project is located on 14 acres on the North Sam Houston Parkway West. Rusty Tamlyn and Trent Agnew of HFF represented the seller, FR/Cal Bammel. “This offering generated substantial interest due to the value-add nature, deal ... Read More »

Transwestern’s McNearney: Repeal of Foreign Real Estate Tax Would Boost U.S. Economy

HOUSTON – (By Dale King) – The chief investment officer of Transwestern, a privately held real estate firm made up of collaborative entrepreneurs, is one of many financial experts backing members of the U.S. House and Senate in calling for the repeal of the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). “The time has come to repeal [FIRPTA] and ... Read More »

Fourteen Builders Sign-On for New Section of Bridgeland

CYPRESS, Texas – Howard Hughes Corp. is preparing to open Parkland Village, a new village in its Bridgeland, an 11,400-acre master planned community in northwest Houston. Homebuilders announced for Parkland Village include Beazer Homes, Chesmar Homes, Coventry Homes, Darling Homes, Highland Homes, Lennar, M/I Homes, Newmark Homes, Perry Homes, Ravenna Homes,  Taylor Morrison, Trendmaker Homes, Village Builders and Westin Homes. ... Read More »

REIT Buys 11 Buildings in Sale-Leaseback

HOUSTON – Store Capital, a Phoenix-based REIT that specializes in sale-leasebacks, has acquired an 11-building portfolio of Texas and Florida real estate. The seller, CBS Rental & Supply, is one of the largest providers of construction equipment and construction rental supply in the Gulf Coast. CBS Rental & Supply, which will continue to occupy the buildings, was represented by the ... Read More »

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