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Why Houston Lost the Amazon Race

HOUSTON – (By Ralph Bivins, Realty News Report) – Mayor Sylvester Turner called it correctly. It’s a “wake-up call,” the mayor said, and “there’s a lot of work that still needs to be done.” Mayor Turner was bemoaning the embarrassing defeat Houston suffered in the Amazon HQ2 sweepstakes. On Thursday, the Seattle-based firm announced the 20 cities selected as finalists ... Read More »

Out of the Deep Freeze: Houston Real Estate is Heating Up in 2018

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – As 2018 began, institutional investors are focused on Houston again, while the industrial and multifamily markets still have room to run. In short, the forecast for Houston commercial real is good, according to experts at the BoyarMiller Annual Commercial Real Estate Forum at the Briar Club Thursday. Despite two missed ... Read More »

Houston Developer Breaking Ground on 20-Story Riverwalk Project in Downtown San Antonio

SAN ANTONIO – (Realty News Report) – DC Partners, a Houston firm led by Roberto Contreras, will break ground this month on the Thompson San Antonio Hotel and The Arts Residences, a $116 million hotel and condominium project on the River Walk in downtown San Antonio. DC Partners has hired Jordan Foster Construction to build the 20-story tower, which will ... Read More »

Skanska’s Energy Corridor Development Rebounds from Hurricane and Gains New Tenant

HOUSTON – (Realty News Report) – Skanska’s West Memorial Place office campus, which sustained damage during Hurricane Harvey, has gained a new tenant, Crossmark Global Investments. The firm, represented by Kevin Saxe of CBRE, leased 16,000 SF. Russell Hodges and Bubba Hawkins of JLL represented Skanska. The Skanska development is located in the Energy Corridor on Memorial Drive, south of ... Read More »

Fort Worth Stockyards Hotel Under Development

FORT WORTH – (Realty News Report) – A specialized 170-room SpringHill Suites, featuring a restaurant by Urban Western cuisine chef Tim Love is under development in the historic Fort Worth Stockyards. Oldham Goodwin Group, a College Station-based firm, is developing the hotel in collaboration with Texas-based general contractor Arch-Con Construction, Atlanta-based architect Niles Bolton Associates, and Dallas-based interior design firm ... Read More »

New Owner of West Oaks Mall Buys Former Macy’s Store

HOUSTON – (Realty News Report) – The shuttered Macy’s store at West Oaks Mall has been purchased a unit of Metha Investments, which purchased the remainder of the west Houston regional mall last year. Macy’s has closed a number of stores around the nation as part of an industry-wide trend that have called the “Retail Armageddon” – a shakeout in ... Read More »

Fred Caldwell Firm Developing Multifamily

HOUSTON – (Realty News Report) – Caldwell Cos. has announced plans to develop a 330-unit multifamily complex in Spring on the northwest side of Houston. Construction will begin soon and initial residents will arrive in 1919. The Class A property will be called Lakeview Oaks. The project will be construction at the corner of Gosling Road and FM 2920, south ... Read More »

Hurricane Harvey Destroyed Your Home? – Pay Property Tax Anyway, Elected Officials Insist; Disaster Provision Ignored

HOUSTON – (By Ralph Bivins, Realty News Report) – Elected officials are responding with deaf ears, blind eyes and cold hearts to the victims of Hurricane Harvey. Owners of properties demolished by Hurricane Harvey will have to pay as much in taxes as the owners of properties in perfect condition, unless government officials take action soon. Houstonians who own structures ... Read More »

Hurricane-Damaged Retail Center Gets New Tenant

HOUSTON – (Realty News Report) – A Northwest Houston retail center that suffered damage during Hurricane Harvey has signed a new tenant after completing repairs. Hurricane Harvey devastated the Houston area, and many of the retail shopping centers felt the wrath. At the end of August, the storm dumped 50 inches of water on the Houston area. More than 100,000 ... Read More »

Looking for a Good Deal on a House? — Try Houston

HOUSTON – (Realty News Report) – Houston was one of the Top 10 markets in the country where buyers could get a deal on a home last year, according to a study by Owners.com. That’s definitely some good news, particularly after all the international publicity about the city following Hurricane Harvey. Launched in 1996, Owners.com began as an online directory ... Read More »

Houston Hurricane Update: Tax Breaks and Federal Funding to Continue Recovery Explained as Cruz Visits City Hall

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Houston and its hurricane victims can look forward to tax breaks and massive federal funding to continue the city’s recovery, elected officials say. An update was presented Friday afternoon at Houston’s City Hall by U.S. Sen. Ted Cruz and Mayor Sylvester Turner. “Sen. Cruz introduced the Hurricane Tax Relief bill ... Read More »

News Highlights of NAHB’s International Builders’ Show

2018 NAHB International Builders’ Show draws 85,000-plus ORLANDO – (Realty News Report) – A crowd of more than 85,000 filled the exhibit halls of Orlando’s Orange County Convention Center Jan. 9-11 as the National Association of Home Builders (NAHB) drew one of its largest turnouts in recent years at the NAHB International Builders’ Show. Home building professionals from around the ... Read More »

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