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June 2018: The Strongest Month Ever for Home Sales in Houston

HOUSTON – (Realty News Report) – June of 2018 was the strongest month ever for home sales in Houston healthy job growth fueled a continuation of brisk sales and higher home prices. The Houston Association of Realtors reported 8,518 single-family homes were sold in June, breaking the previous record of 8,367 sold in June 2017. “It’s a strong economy and ... Read More »

Blackstone in Talks to Buy San Antonio Resort for $650 Million

SAN ANTONIO – (Realty News Report) – Blackstone has agreed to buy the 1,002-room JW Marriott San Antonio Hill Country Resort & Spa for $650 million, according to reports. The seller, a partnership of Miller Global and Principal Real Estate Investors, is represented by Eastdil Secured. The 644-acre resort, located about 17 miles north of downtown San Antonio near Highway ... Read More »

T-Mobile Leases Southwest Freeway Offices; Tower Being Renamed

HOUSTON – (Realty News Report) – T-Mobile is relocating its Inner Loop offices to a Southwest Freeway building that will bear the name of the cell phone company. T-Mobile will occupy three and one-half floors, or 29,142 SF, in the building, which is owned by Medistar Corp., a Houston real estate firm led by veteran developer Monzer Hourani. The 17-story ... Read More »

Transwestern to Lease New Medical Office Building in The Woodlands

THE WOODLANDS – (Realty News Report) – Howard Hughes Corp. has announced plans to develop its first medical office project in The Woodlands. Transwestern will provide leasing services for the 67,200-SF project, to be located in  the Creekside Park Village Center at the corner of Strake Drive and Rockwell Park Boulevard in The Woodlands. Construction is slated to begin at ... Read More »

Home Building Underway in New Community Near Fulshear

HOUSTON – (Realty News Report) – Builders are nearing completion of the first model homes in Vanbrooke, a new residential community developed by Land Tejas. The 250-acre community is located four miles south of Interstate 10, near Highway 359, near Fulshear. Anglia Homes, Long Lake Ltd., and Westin Homes are building homes on 45- and 55-foot lots. Some new homes ... Read More »

Houston MPCs Fare Well in Rankings of Nation’s Best Home Sellers

HOUSTON – (Realty News Report) – Sienna Plantation, with 292 new home sales, led the Houston area in home sales in the first half of 2018, according to a midyear report by RCLCO real estate advisors. Sienna Plantation, a Johnson Development community located in the Missouri City area, ranked as the 15th best-selling community in the nation in the RCLCO ... Read More »

Co-Working Space in the Industrial Market

HOUSTON – (Realty News Report) – CustomSpace, the industrial market’s equivalent to co-working space in the office market, leased 113,152 SF at 5301 Polk Street in Houston. Barkley Peschel and Mike Davis of Colliers International and Trey Erwin of Lee & Associates represented the tenant in the transaction. CustomSpace offers spaces ranging from 250 SF to 10,000 SF to companies ... Read More »

The Apartment Amenity Renters Want Most

HOUSTON – (By Dale King, Realty News Report) — Amenities are one of the most important elements renters consider when searching for an apartment. Having access to all of one’s preferred conveniences can make or break the decision to lease a particular residence. That said, some amenities are easier to come by than others, says Apartment List, a platform that connects ... Read More »

Houston: It’s Time to Re-Think What’s Truly Pro-Business

HOUSTON – (Commentary by Ralph Bivins of Realty News Report) – Last year, more than 10 million tourists visited the Vieux Carre, a historic district created in 1718. Less than 4,000 people live there, but people come from all over the world visit to eat its food, drink its Hurricane cocktails and see its stucco and brick buildings with great ... Read More »

OXY Dropping 814,000 SF Onto Sublease Market

HOUSTON – (Realty News Report) – Occidental Petroleum is expected to vacate a large amount of office space, increasing Houston’s supply of sublease office space, according to a new report from NAI Partners. “A significant amount of the increase is due to Occidental Petroleum placing close to 814,000 sq. ft. of sublease space on the market at 5 Greenway Plaza ... Read More »

Law Firm Expands in Downtown Tower

HOUSTON – (Realty News Report) – Sidley Austin, LLP, a global law firm, has expanded its offices in Wells Fargo Plaza, 1000 Louisiana Street in downtown Houston. The firm has signed a long-term lease renewal and expansion in the 71-story tower, which was developed by Century Development. “We’ve doubled our size in Houston over the last several years by adding ... Read More »

Newmark Knight Frank to Acquire Jackson Cooksey Firm

NEW YORK — (Realty News Report) – Newmark Knight Frank, a global commercial real estate advisory firm, has agreed to acquire Dallas-based Jackson Cooksey, corporate tenant representation real estate agency. James C. Cooksey, who will join NKF’s Texas office as Vice Chairman and President of Tenant Representation Texas, founded the Dallas-based Jackson Cooksey Company in 1982. Jackson Cooksey, which has ... Read More »

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