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Author Archives: rnrbivins

Simmons Leases Space in New Hines Tower in Downtown Houston

HOUSTON – (Realty News Report) –  Simmons & Company International | Energy Specialists of Piper Jaffray leased  31,000 SF at 609 Main at Texas, the new 48-story office tower developed by Hines in downtown Houston. Simmons, an investment banking and financial advisory firm, will move into the  1,073,075-SF building this fall. Michael Anderson and Damon Thames with Colvill Office Properties ... Read More »

Colliers: Houston Office Market Records 1.5 Million SF of Negative Absorption in First Quarter

HOUSTON – (Realty News Report) – Houston’s office market slipped in the first quarter as 1.5 million SF of negative absorption was recorded in early 2018, according to Colliers International. With a net of 1.5 million square feet being vacated, the first quarter of 2018 is considered one of the toughest quarters ever for the Houston office market. The biggest ... Read More »

Florida Firm Buys Éilan Hotel and Spa for $34.3 Million

SAN ANTONIO – (By Dale King, Realty News Report) – Bluegreen Vacations Corporation, a major player in the timeshare ownership market, has acquired The Éilan Hotel and Spa in San Antonio for about $34.3 million as part of its effort to secure properties in the western United States. “This acquisition reflects our ability to identify attractive opportunities in key markets ... Read More »

CenterPoint Buying Vecren Corp. for $6 Billion

HOUSTON – (Realty News Report) – CenterPoint Energy, a Houston-based gas and electricity utility company, will acquire Vecren Corp. for $6 billion. The deal will give CenterPoint reach into Midwest markets served by Vecren, a utility company based in Evansville, Ind. Vecren shareholders will receive $72 per share. The corporate headquarters will continue to be in Houston, where CenterPoint has ... Read More »

Giammalva Buys 84 Acres on Interstate 10 Near Energy Corridor

HOUSTON – (Realty News Report) – A partnership led by Vincent Giammalva of Giammalva Properties of Houston has acquired 84 acres on Interstate 10 just west of the Grand Parkway, in one of the most significant land deals of 2018. Bill Byrd and Barkley Peschel of Colliers International represented the seller, Masaud Baaba, president of Omega III Investment Co. The ... Read More »

Lease-Up at 5300 Memorial

HOUSTON – (Realty News Report) – The 5300 Memorial, an office building just west of Shepherd Drive, has gained several new tenants to reach 84 percent occupancy. The landlord, Equus Capital Partners, is represented by Russell Hodges and Jessica Ochoa of JLL. Plavnicky, Kinzel & Makowski, represented by Vincent Gyorgy of NAI Partners, leased 5,054 SF. … Spain, Price, Reader ... Read More »

Mortgage Rates Highest Since 2014 – And Houston Realtors Are Noticing

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Mortgage rates have hit their highest point since 2014, posing some questions for a real estate market where rising home prices are a hurdle for many buyers. Freddie Mac reported the 30-year fixed-rate mortgage averaged 4.47 percent for the week ending April 19.  A year ago at this time, ... Read More »

Weingarten Realty Developing Retail at Stevens Ranch in San Antonio

SAN ANTONIO – (Realty News Report)  – Weingarten Realty Investors of Houston has broken ground on a 25-acre retail development in Stevens Ranch, a 2,400-acre master-planned community in west San Antonio. The Weingarten project is located at the corner of Potranco Road and Stevens Parkway. The development will have a 20,000-SF center, expected to be completed later this year, was ... Read More »

New 2018 Rankings Out: Strong Showing by Houston, Dallas Firms in Apartment Rankings

WASHINGTON, D.C. – (By Dale King, Realty News Report) – Texas apartment firms fared well in the National Multifamily Housing Council’s newly released 2018 NMHC 50 — the annual ranking of the nation’s largest apartment owners, managers, developers and builders. The Rankings: MAA, headquartered in Memphis, Tenn., was the country’s largest apartment owner for at least the second year in a ... Read More »

Energy Corridor Building Adds Tenants

HOUSTON (Realty News Report) – Transwestern has completed 30,715 SF of new office leases at One Park 10, in the Energy Corridor of west Houston. Owned by Accesso Partners, the building is a 162,909-SF office building at 16225 Park Ten Place. Transwestern’s Evelyn Ward and Amanda App lease the building. “Despite a challenged submarket that saw total availability increase past ... Read More »

Hurricane Harvey Rebound: Kingwood Apartments Celebrate Re-Opening After $6 Million Upgrade

HOUSTON – (Realty News Report) – The Kings Cove apartments in Kingwood, which suffered heavy damage in Hurricane Harvey, have been repaired and renovated. The 192-unit complex received an extensive, $6 million renovation and repair redo. Kings Cove is asset-managed by National Asset Services, a Los Angeles-based firm. “While being among the first properties in the area to reopen is ... Read More »

Avera’s Surge in Southeast Houston

PASADENA, Texas – (Realty News Report) – Avera Cos. plans to build a 148,000-SF distribution building at the corner of Highway 225 and Red Bluff Road in Pasadena on the southeast side of Houston. It will be built on 11.8 acres Avera just acquired. Avera, a Houston-based firm led by Trey Odom, has been exceptionally active in the southeast Houston ... Read More »

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