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Detroit & Houston: Cities with Common Problems, Solutions

DETROIT – (Realty News Report) – For years Detroit was heavily dependent on one industry, just as Houston was. Residents of Michigan’s largest metropolis fled to the suburbs decades ago but are now returning to the central business district. Ditto Houston. And some of the city’s most successful entrepreneurs and philanthropic organizations helped drive changes in the Detroit landscape, just ... Read More »

Transwestern to Build Micro Apartments in Downtown Austin

AUSTIN – (Realty News Report) – Transwestern Development Co. has acquired 1.6 acres in downtown Austin where it will develop a micro-apartment complex called Block 36. The average apartment size will be 446 SF. The 263-unit project will be built between east Third and East Fourth Street on Waller Creek in downtown Austin. Block 36 will consist primarily of studio ... Read More »

Houston’s New Affordable 68-Unit Community in Near Northside is 100% Leased

HOUSTON – (By Dale King, Realty News Report) – A newly constructed development of 68 affordable residential units located in a Houston neighborhood designated last year as one of Mayor Sylvester Turner’s five “Complete Communities” is not only complete, it has also been totally leased up. Now that all housing spaces are occupied, the two entities involved in creating the development ... Read More »

Burlington Re-Opens East Houston Store Devastated by Hurricane; Hires 75 People

HOUSTON – (Realty News Report) – Burlington Stores, a national off-price retailer, will re-open its east Houston store Friday after extensive repairs and remodeling following damage from Hurricane Harvey. Burlington said 75 employees have been hired to work at the re-built store, 12001 East Freeway, and another 20 or 25 will be hired shortly. “This store was devastated by Hurricane ... Read More »

Frisco Station: One of the Hottest Construction Zones in the Nation

FRISCO – (Realty News Report) – A strong start to leasing activity in The Offices One at Frisco Station opens the door for starting another office building before the end of the year in Frisco Station, one of the hottest construction zones in the nation. Designed by Dallas-based HKS, the new seven-story, 230,000-SF office building just signed 60,000 SF in ... Read More »

Warehouse Merger: Prologis to Acquire DCT Industrial for $8.4 Billion

SAN FRANCISCO and DENVER – (Realty News Report) – Prologis Inc., an industrial developer based in California, has agreed to acquire DCT Industrial for $8.4 billion. Both firms have significant holdings in Texas, including scores of warehouses in Houston. As of March 31, DCT Industrial owned 393 operating properties, totaling 63.3 million SF with occupancy of 97.7 percent. Prologis owns ... Read More »

Taylor Morrison Buys 107 Acres

HOUSTON –  (Realty News Report) – Taylor Morrison, a home builder based in Scottsdale, Ariz., has acquired 107 acres from the Brazos Bend Trust for an expansion of the Avalon at Riverstone community. The property will provide 300 lots for the builder’s two brands, Taylor Morrison and Darling Homes. The builder will donate 10 acres of land to the Missouri ... Read More »

The Restaurant Rampage in Houston: More Openings Coming Fast

HOUSTON – (Realty News Report) – Houston continues to attract new restaurants at a rapid clip that would impress any fast-food operator. “The fast-casual dining sector looks to remain red-hot with concepts such as Uberrito, Checkers & Rally’s, Salata and B. Good expanding or moving into the Houston market,” Transwestern said in its first quarter retail report. “However, this trend ... Read More »

Online Furniture Firm Buys Distribution Buildings for HQ

HOUSTON – (Realty News Report) – Online furniture importer and distributor East-West Furniture purchased a two-building industrial distribution facility totaling 172,848 SF on 8 acres located at 175 Southbelt Industrial Drive in Houston. “As an ecommerce-driven online furniture distribution company, East-West Furniture sought to relocate from New England to Houston to take advantage of the Houston area’s expanding Amazon presence and ... Read More »

Black Creek Group Buys Crow Development

HOUSTON – (Realty News Report) – Black Creek Group, a Denver-based investment and development firm, acquired Stafford Grove Industrial Park, three warehouse buildings totaling 351,960-SF in Stafford on the southwest side of Houston. The seller, an investment group led by Crow Industrial Holdings, was represented by Trent Agnew and Rusty Tamlyn of HFF, along with HFF analyst Dane Petersen. The ... Read More »

Charming Charlie Emerges From Chapter 11 After Closing 100 Stores

HOUSTON – (Realty News Report) – Charming Charlie, a Houston-based retail chain, has emerged from Chapter 11 bankruptcy after closing about 100 stores. “Today marks a fresh start for Charming Charlie as we emerge as a stronger, more focused organization that is better positioned to serve customers in our 264 stores across the country,” said Lana Krauter, Chief Executive Officer ... Read More »

With 400 Artists in 55 Acres of Creativity, Artsy Development Adding More Studios to the (Tenant) Mix

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – The opening this weekend of Sabine Street Studios on the 55-acre Sawyer Yards campus of converted industrial properties adds yet more workspaces for working artists, creatives — and this time — business ventures that meet the vision for the campus’ re-purposed industrial properties. In joining the other converted properties, Sabine Street ... Read More »

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