Wednesday , 19 June 2019
Breaking News

Author Archives: rnrbivins

Copper Lakes Project Sold

HOUSTON –  (Realty News Report) – Houston developer BCTS Partners, LLC, has sold the 91%-leased Copper Lakes Shopping Center in the Cy-Fair submarket of west Houston to Parkway Brothers Investment, Inc. Copper Lakes is a two-building project with 16,080 SF of retail and 7,000 SF of office space on 2.68 acres at 17111 and 17121 West Road, respectively. Austen Baldridge and ... Read More »

Houston’s Gain of 1 Million in Population is Great for Real Estate, CBRE Says

HOUSTON – (Realty News Report) – The Houston metro area has gained more than 1 million people since 2010, a growth rate that is fueling the Houston’s real estate markets and the region’s overall economy, according to top CBRE executives. Noting that new U.S. Census Bureau figures show the Greater Houston area has hit 7 million, CBRE senior managing director ... Read More »

Realty News Report’s Texas Real Estate Briefs

HOUSTON LEASING Hart Publishing has signed a lease for 30,039 SF at 1616 S. Voss Road. CBRE represented the landlord, SanVoss Properties, while Jack Warmington, Greg Marconi, Neal Golden, Derek Myers and Mandy Pope of Newmark Knight Frank represented the tenant. ………………………………… Churchill Oil and Gas has leased 7,440 SF at 600 Travis St. The landlord, First Reserve Corporation, was represented by ... Read More »

Medistar Developing Multifamily Near Texas Medical Center

HOUSTON – (Realty News Report) – Medistar Corp., a Houston development firm led by Monzer Hourani, is developing a 326-unit apartment project called Medistar Grand. The project is located on six acres near the intersection of Grand Blvd. and Corder Street, just southeast of the Texas Medical Center. Pearlmark, a Chicago investment firm, provided $8.4 million in mezzanine financing. Construction ... Read More »

Hartman REIT Buys West Houston Office Building on the Bayou

HOUSTON – (Realty News Report) – Hartman Income REIT has acquired the Ashford on the Bayou, a 127,000-SF office building in West Houston. HFF’s Dan Miller represented the seller, RPD Catalyst, a Los Angeles-based real estate investor. The 5-story building, 1001 S Dairy Ashford, is located along Buffalo Bayou, just south of Memorial Drive. Recently renovated, the building is 55 ... Read More »

Opportunity Zones: Latest Investment Craze Pumps Up Prices

HOUSTON –  (Realty News Report) – Opportunity Zones, the new tax benefit that reduces the burden of capital gains tax, is elevating property prices around the nation. Opportunity Zones are new and it’s difficult to gauge the impact until more sales have been closed. But the zones are creating a major buzz in the real estate community. “Investors are gaining ... Read More »

Affordable Housing: Avenue Builds Homes on North Side

HOUSTON – (By Dale King, Realty News Report) – Avenue, a local nonprofit dedicated to building affordable homes, knows how urgently low- and moderate-income buyers want to purchase affordable, energy-efficient single-family dwellings. The organization just completed Phase I of Avenue Meadows, a new community of 10 energy-efficient, reasonably priced residences in Houston’s Northline neighborhood. Soon after those specially designed abodes ... Read More »

Compass Realty Firm Leases Full-Floor in New Office Tower Near Highland Village

HOUSTON – (Realty News Report) – Compass Real Estate, a rapidly expanding national residential brokerage, leased a full floor in Stonelake Capital Partners’ new Park Place Tower under construction on Westheimer Road inside Loop 610. The 15-story, 210,000-SF Park Place office building has also gained Charles Schwab as a tenant and the property is now 21 percent leased ahead of its ... Read More »

Hines’ New 47-Story Downtown Tower Certified as LEED Platinum

HOUSTON — (Realty News Report) – Texas Tower, the 47-story office tower under construction on the former Houston Chronicle block has been pre-certified LEED Platinum for its sustainability achievements, according to the building’s developers, Hines and its partner Ivanhoé Cambridge. The one-million-SF office tower in the 800 block of Texas Avenue kicked off construction earlier this year. Already 33% leased, ... Read More »

Clay Development Starts Another Spec Warehouse Project – It’s 525,000 SF

HOUSTON – (Realty News Report) – Clay Development & Construction Inc. has broken ground on the 525,000-SF Kennedy Greens Distribution Center I in north Houston near Beltway 8 and Bush Airport. Clay, a Houston firm led by Robert Clay, now has four spec projects, totaling 1.8 million SF, underway in Houston. The l Kennedy Greens project is on JFK Blvd. ... Read More »

Proof that Houston is not Flat: a Knockout Redesign and Achievement in Landscape Planning

HOUSTON – (Realty News Report) – Houston is flat. Or is it? A newly re-designed, recently completed and just reopened ravine trail system within Houston Arboretum & Nature Center features elevation changes not typically seen in the Houston area. The project site’s natural landscape – considered a native riparian ecosystem — is located in the northwest corner of The Arboretum’s ... Read More »

Why Did Northridge Capital Make a Huge Office Acquisition in North Houston?

HOUSTON – (By Ralph Bivins, Editor of Realty News Report) – One of Houston’s biggest office deals of 2019 was completed with an investment narrative based on need of corporations to attract and retain talent, says an acquisitions executive for Northridge Capital LLC. Northridge Capital, based in Washington, DC, recently acquired the new HP Plaza, a 378,000-SF office development in ... Read More »

Scroll To Top