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CBRE: Houston Retail Center Occupancy Near at Record High as New Trends Emerge

HOUSTON – (Realty News Report) – Shopping center space is hard to find in Houston, despite the store closures by a number of troubled retailers. The occupancy rate in Houston hit 94.9 percent at year end, the highest retail occupancy rate in many years, according to CBRE. In recent months Toys R Us closed its stores in Houston and Mattress ... Read More »

Northwood Plaza Shopping Center Sold

HOUSTON – (Realty News Report) – Northwood Plaza, a 136,747-SF grocery-anchored retail center in the northeast part of Houston has been purchased by North Wood Plaza Investors, LLC  managed by Alan Schnur. The HFF team marketed the property on behalf of the seller, Brixmor Property Group.  Additionally, the HFF team placed the fixed-rate loan with Amerant Bank, formerly Mercantil Bank. Anchored ... Read More »

Wood Partners Building Apartment Community in Houston

HOUSTON – (Realty News Report) – Wood Partners, a national multifamily development firm, is building a 338-unit apartment project on Main Street, near NRG Stadium. The four-story community, constructed in wrap configuration around a parking garage, will be complete in the spring of 2020, Wood Partners said in a press release. The developers say the community – called Alta Med ... Read More »

State of the Apartment Industry: Rents and Occupancy Going Up

HOUSTON – (Realty News Report) – Apartment rents will increase in Houston in 2019 as strong job growth and home buying trends give solid support to the multifamily market, according to a panel of industry executives. Houston’s multifamily occupancy will also edge up slightly to 90 percent, up from 89.6 in 2018, said Bruce McClenny, president of ApartmentData.com. That will ... Read More »

Where? – Pulte Homes Follows UT’s McRaven and Frank Liu to Overlooked Part of Houston

HOUSTON – (Realty News Report) – Pulte Homes is planning an 11-acre townhome community called Avondale on Main Street, just south of Loop 610 near the Astrodome. The Pulte site is located at the corner of South Main and West Bellfort, near the property that was once considered as a data institute by the University of Texas. Boosters from the ... Read More »

Announcement of New Austin Office Project Expected; Google Rumored as Tenant

AUSTIN – (Realty News Report) –  A 35-story office tower is expected to be announced soon  in downtown Austin and local media is reporting Google or Salesforce may lease the entire building. The site, called Block 185, is part of the Green Water Treatment Plant that has been redeveloped by Trammell Crow. Michael Dell’s MSD Capital is backing the office project with ... Read More »

Tenants Signed at 1100 Louisiana

HOUSTON – (Realty News Report) – Colvill Office Properties reported two leases have been signed for space at the 1100 Louisiana building in downtown Houston. Chip Colvill and Paula Bruns of Colvill Office Properties represented the building’s ownership A lease for 4,200 SF lease was signed by Paloma Resources, LLC, which was represented by Bob Parsley of Colliers International. A lease for ... Read More »

Orange County Register Site Adds to Long List of Newspaper Properties Being Redeveloped

HOUSTON – (Realty News Report) – A massive urban site formerly used by the Orange County Register newspaper is in play for a major redevelopment, continuing a long line of newspaper properties being recast as print media transitions into the digital world. Lee & Associates will be leasing the 1.7 million SF office development and is working with developer Caribou Industries ... Read More »

Texas MPCs Fare Well in 2018 Rankings

HOUSTON – (By Dale King, Realty News Report) – Houston has nary a single master-planned community (MPC) in the nationwide Top 10 list in RCLCO Real Estate Advisors’ 2018 Housing and Community Preference Survey. But don’t fret. The Bayou City makes up for this extremely minor shortcoming in many superlative ways. In fact, the RCLCO document says Houston has more ... Read More »

Motorcycle Retailer Leases Large Space

HOUSTON – (Realty News Report)  – NAI Partners recently arranged a 28,371-SF retail lease for Lucky Penny of Houston at 211 FM 1960 Road West in Houston. — Houston’s fifth-largest new retail lease of the fourth quarter of 2018, according to CoStar data. NAI Partners’ Laura Diggs represented the tenant in the transaction and NAI Partners’ Chris Holder represented the ... Read More »

Apartment Developer Ric Campo Named Chair of Port of Houston Commission

HOUSTON—(Realty News Report) – Houston apartment developer Ric Campo was appointed Chairman of the Port Commission of the Port of Houston Authority Thursday by the City of Houston and Harris County Commissioners Court. Campo is Chairman and CEO of Camden Property Trust, which owns 159 apartment community with 54,480 units around the nation.  “The best is yet to come for ... Read More »

Redeveloping 1950-Vintage Center Bring Change to Heart of Bellaire

BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) – Redeveloping one of the oldest shopping centers in the Houston area means losing some familiar tenants and getting new ones.  Bellaire Town Center, owned by the Shears family’s SDI Realty, has stood at the corner of Bellaire and S. Rice for almost seven decades. The centrally located shopping and ... Read More »

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