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Author Archives: rnrbivins

New Downtown Houston Plan Calls for New Multifamily, Hotels and Parks

HOUSTON – (Realty News Report, By Michelle Leigh Smith) – Houston community leaders and planners have unveiled “Plan Downtown: Converging Culture, Lifestyle and Commerce” – a vision of growth and planned development. The long-range downtown plan calls for the development of 12,000 multifamily units, 4,000 hotel rooms with a cluster around the convention center, a five-mile green belt and extensive ... Read More »

Workplace Elements Move to the Campus

HOUSTON – (By Dale King, Realty News Report) – It may be quaint, but no longer in vogue, for collegians to go around campus sporting letter sweaters or looking up information in an encyclopedia book. In truth, 21st century market forces are impacting the educational community in much the same way that changing work habits are reshaping the office environment, ... Read More »

Realtors Mobilizing to Fight Changes in Home Mortgage Deduction

CHICAGO – (Realty News Report) – The Republican plan to overhaul the U. S. tax code, if signed into law, could adversely affect home sales and housing prices, according to the National Association of Realtors. The proposed legislation would reduce the size of loans that would qualify for the mortgage interest deduction to $500,000 from $1 million. Thursday’s unveiling of ... Read More »

NAR Forecast: Home Prices to Jump in 2018

CHICAGO – (Realty News Report) – Median home prices are predicted to rise 5 percent next year, mortgage rates are forecast to gradually increase to 4.5 percent from 4 percent today, and new home sales are expected to jump 13.9 percent to 690,000 during the same period, according to the National Association of Realtors annual forecast. Speaking at the annual ... Read More »

Nesting at Home and New Trends in Texas CRE

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – As the retail game goes, the trend toward nesting at home will make for a most interesting holiday shopping season. The evolution of retail was one of the key topics covered at the NAI Partners Press Event in Houston earlier this week. Retail: Jason Gaines: “More than half the country ... Read More »

North Loop Building Acquired by Finn

HOUSTON – (Realty News Report) – A group led by Houston investor Sean Finn has purchased a 136,325-square-foot office building on Houston’s north Loop 610. The 2525 North Loop West building is a Class B property near T.C. Jester Boulvard. A Finn-led partnership, 2525 Inner Loop, L.P., purchased the property from Lykes Building Holding Associates and Smetana Texas Realty Associates. ... Read More »

Chamberlain, Hrdlicka Law Firm Leases Space in Downtown Houston

HOUSTON – (Realty News Report) -National law firm Chamberlain, Hrdlicka, White, Williams & Aughtry has announced the long-term extension of its lease in Two Allen Center, a Brookfield Property Partners building in downtown Houston. Under the terms of the new agreement, Chamberlain Hrdlicka will continue leasing its 55,178 square feet of office space on the 13th and 14th floors of ... Read More »

Inside Look: How Stacy Mazur is Restoring Buildings Damaged in Harvey, Maria and the Napa Fires

HOUSTON – (By Dale King) – Before the first drop of rain from Hurricane Harvey hit the Houston area two months ago. Before the first gust of wind took out a wall, tree or roof in Key West on Sept. 10. Even before catastrophic Hurricane Maria slammed Puerto Rico and neighboring islands with destructive power, a Fort Worth-based disaster recovery ... Read More »

Houston’s Industrial Revolution: Q&A with Walker Barnett of Colliers International

HOUSTON – (Realty News Report) – E-commerce is transforming the retail industry and changing the industrial market as well. Meanwhile, Houston’s industrial developers are building larger warehouses than ever before. Huge cargo ships leave China loaded with consumer goods, bound for the Port of Houston. The Panama Canal expansion allows larger ships to pass. Many say Houston is stepping into ... Read More »

Hines to Build Its First Multifamily Project in San Antonio

SAN ANTONIO – Hines, the Houston-based international real estate firm, will develop a four-story, 380,000-SF multifamily project within The RIM retail power center in northwest San Antonio. The development will be Hines’ first multifamily project in San Antonio and its eighth in Texas. Located on 11.4 acres at the southwest corner of Worth and La Cantera Parkway in the northwest ... Read More »

Fidelis Realty Expected to Build H-E-B Store at Meyerland Plaza

HOUSTON – (Realty News Report) – H-E-B Grocery Co. is expected to announce the construction of a new 100,000-SF store at Meyerland Plaza, a retail center at the southwest corner of Loop 610 and Beechnut, Realty News Report has learned. The new Meyerland store will help H-E-B to fill a void that arose when the H-E-B at Chimney Rock and ... Read More »

Transwestern Retained to Lease Vivacity Medical District in Northeast Houston

HOUSTON – The Signorelli Co. has retained Transwestern to lease Vivacity Medical District, a 186-acre medical park in the 1,400-acre Valley Ranch community in northeast Houston. Transwestern’s Chris Wadley and Justin Brasell will lease the medical district. Located near the intersection of U.S. Highway 59 and Grand Parkway, the Valley Ranch will have 1,500 single-family homes, 3,000 multifamily units, 2.5 ... Read More »

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