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Tarantino Properties Buys Apartments in Energy Corridor

HOUSTON – (Realty News Report) – Tarantino Properties bought the 280-unit Ascension on the Bayou, a mid-rise multifamily community located at 150 W. Sam Houston Parkway North in Houston. The Ascension, completed in 2017, is 95 percent occupied. Teresa Lowery, senior managing director of multifamily with Colliers International represented the seller of the community, which is located in the Energy ... Read More »

CBRE to Lease Proposed Tower in Downtown Austin

AUSTIN – (Realty News Report) – CBRE has been retained by Brandywine Realty Trust to lease its planned 25-story office tower, which will have 200,000-SF. The building, currently known as “405 Colorado” will include a first-floor grand lobby and 3,000 square feet of retail space, 12 floors of parking with more than 500 spaces. Located on the northeast corner of Fourth ... Read More »

Haynes and Boone Renews Lease at Houston Center

HOUSTON – (Realty News Report) – The Haynes and Boone law firm has renewed its lease at LyondellBasell Tower, a downtown skyscraper in Brookfield Properties’ Houston Center complex. Under the terms of the new agreement, Haynes and Boone will lease 72,903 SF of space on floors 38 to 40 of the 46-story building. The 1 million-SF LyondellBasell Tower, 1221 McKinney ... Read More »

Levy Park’s International Recognition from ULI: Q&A with Jonathan Brinsden of Midway

HOUSTON – (Realty News Report) – Two years ago, few people patronized Levy Park, a nearly six-acre oasis located on a dead end street in Houston’s Upper Kirby District . Now, thanks to a public-private partnership rejuvenation, Levy Park hosts some 7,000 individuals a week. The transformation has received national attention and Levy Park is now one of five finalists ... Read More »

Foreclosures in the Offing? Some Houston Landlords Could Feel the Pinch in Slow Recovery

HOUSTON – (Realty News Report) – As more of Houston’s office space goes vacant, the pressure will rise on building owners. Unless there’s a turnaround pretty soon, some landlords could run into trouble. “Are we going to see a round of foreclosures? There’s a reasonable chance there will be,” said Jon Silberman, managing partner for NAI Partners, at a recent ... Read More »

Goodman Manufacturing Leases 400,000 SF

HOUSTON – (Realty News Report) – Goodman Manufacturing Co., a subsidiary of the Daikin air conditioning firm, has leased Northwest Logistics Center, a 411,460-SF project in northwest Houston. The warehouse facility, 6751 N. Eldridge Parkway, was recently developed by Stream Realty Partners. Seth Koschak with the Dallas office of Stream Realty Partners represented Goodman in the transaction. The Northwest submarket ... Read More »

Hines Buying Museum District Apartments for $72.9 Million

HOUSTON – (Realty News Report) – Hines Global Income Trust has agreed to buy the 224-unit Venue Museum District apartments for $72.9 million or $325,400 per unit. The seller of the property, 5353 Fannin, is Grayco Lui Museum District Investment. The seven-story community is 89 percent leased. The deal, funded with $1.5 million in hard earnest money, is expected to ... Read More »

Houston’s Economy After Hurricane Harvey: Q&A with Dr. Jim Gaines of Texas A&M Real Estate Center

HOUSTON – (Realty News Report) – The numbers from Hurricane Harvey were staggering not only in the amount of precipitation and flooding but also in human suffering.  Even now, some ten months after Harvey’s devastation, the economic toll is still being tallied.  Has the city recovered form Harvey? Are jobs coming back?  Will the economy recover?  Realty News Report turned to Dr. Jim Gaines, chief economist at the Real Estate ... Read More »

Higher Oil Prices Heat Up Demand for Crane-Served Industrial Buildings in Houston

HOUSTON – (Realty News Report) – Oil prices have rebounded and that’s good news for the “crane-served” niche of the industrial real estate market, which – in Houston – caters to manufacturers focused on the energy industry. NAI Partners recently arranged the sale of a 110,000-SF manufacturing facility on 35 acres located at 1318 Bammel Road in Houston. The property ... Read More »

Houston Firm Buys Eagle Ford Shale Property

CUERO, Texas – OHS Resources, a Houston based firm that sells oil and gas drilling products, acquired a 336,000-SF industrial building in Cuero, a town in the Eagle Ford Shale region south of San Antonio. Jason Scholtz of Colliers International represented the seller, MV Cuero Partners. The property was formerly the Mt. Vernon Mills cotton weaving facility. “When we listed ... Read More »

Industrial Portfolio Sells for $148 Million

HOUSTON – (Realty News Report) – Exeter Property Group paid $148 million to acquire a 20-building, Class A, light industrial portfolio totaling 1.25 million SF in Dallas and Houston, Texas, and Charlotte, North Carolina. The HFF team marketed the property on behalf of the seller, Adler Real Estate Partners. The portfolio comprises Cardinal Park in Dallas; three properties in Houston, ... Read More »

Work Begins on Spec Industrial Project in Baytown

BAYTOWN, Texas – (Realty News Report) – Investment & Development Ventures LLC and Sealy Co. broke ground on Thompson 10 Logistics Center, a 390,000-SF speculative project on 26.9 acres in Baytown, east of Houston. CBRE’s Tom Lynch and Mark Redlingshafer represented IDV in acquiring the land and securing Sealy as an equity partner. The project is located at the intersection ... Read More »

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