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Category Archives: Houston

Kinghorn Driver Takes Galleria Area Space

HOUSTON – Q10 Kinghorn, Driver, Hough & Co. , one of the oldest commercial real estate firms in Texas, has relocated its offices to the 2000 West Loop South building in the Galleria area. “The Galleria remains a high-demand market and this building has a lot to offer at a reasonable rate,” said Ray Driver, a principal with the firm. “The ... Read More »

Rockspring Sells Tract Near Houston Heights

HOUSTON – Rockspring Capital, a Houston-based, real estate investment firm, has sold its 4-acre site at the corner of Yale Street and North Loop 610 in the Garden Oaks and Greater Heights neighborhoods. The location is situated among multiple single-family and commercial developments four miles northwest of downtown Houston. The property itself is a redevelopment parcel, which is unique to ... Read More »

Houston Home Prices Hit an All-Time High

HOUSTON – Houston home prices have reached an all-time high as the median home price hit $233,000 in May, the Houston Association of Realtors reported. The low inventory of homes for sale has driven Houston home prices upward sharply for the last two years. The median price – the midpoint where half the homes for more and half for less ... Read More »

Hotel Breaks Ground Next to New 3 Million SF Exxon Campus in Houston

HOUSTON – Woodbine Development Corporation and InterMountain Management started construction June 1 on a hotel in Springwoods Village where the new 3 million square-foot Exxon Mobil campus is nearing completion. The hotel developers recently finalized the purchase of three acres in Springwoods Village developer  CDC Houston to develop a Courtyard by Marriott hotel. “With ExxonMobil’s campus and Southwestern Energy’s headquarters now open for business, ... Read More »

Third Palm Launches $1 Billion Mixed-Use Development

HOUSTON – Third Palm Capital has launched a $1 billion plan to develop a 35-acre tract in Houston’s Energy Corridor. When completed in a decade or so, the mixed-use project will include 2.6 million square feet of office space, 100,000 square-feet of retail and restaurant space, two hotel and 800 multifamily residential units. Third Palm Capital, a South Carolina-based firm, ... Read More »

Miami Multifamily Firm Opens Office in Houston

MIAMI – Lloyd Jones Capital, which specializes in multifamily investments, has opened a new office in Houston to cover the Houston and San Antonio markets. Headquartered in Miami, the company specializes in multifamily investment in Florida, Texas and South Carolina. Earlier this year, Lloyd Jones Capital opened an office in the Dallas/Fort Worth market. “Good multifamily investment properties are hard ... Read More »

Amstar Sells New Project by Houston Airport

HOUSTON — Amstar, a Denver-based real estate investment manager, on behalf of one of its public retirement system clients, has sold the new Beltway North Commerce Center, a 352,680-square-foot industrial project in north Houston. The property sale was arranged during construction and closed when the building was complete. Amstar in partnership with Davis Commercial Development of Houston acquired the 35-acre ... Read More »

Logistics Firm Leases 334,000 Square Feet

HOUSTON – Pathmark Transportation, a logistics operator that handles goods for Bed Bath & Beyond and other major firms, has signed four leases totaling 334,000 square feet of warehouse/distribution space to accommodate its growing business. Cameron Maness of Transwestern represented the logistics aggregator in separate transactions in Atlanta; Houston; Orlando, Florida; and Memphis. Pathmark’s expansion has been driven in part ... Read More »

281-Unit Apartment Project Under Construction Near the Astrodome

HOUSTON – Allied Orion Group, a Houston led by Kirk Tate, has broken ground on The Beacon at Buffalo Pointe, a 281-unit apartment complex just south of the Astrodome in Houston. Although Houston has an abundance of new multifamily, the developers are targeting the large employment base at the nearby Texas Medical Center.  Located south Loop 610 at 10301 Buffalo ... Read More »

Houston Forecast: Economist’s Gloomy 2015 Prediction Will Be Wrong – Again

Editor’s Comment by Ralph Bivins:  Bill Gilmer, director of the Bauer Institute for Regional Forecasting at the University of Houston, delivered an incredibly gloomy economic forecast last week.  Gilmer told a crowd at the Hyatt Regency that as few as 13,000 jobs will be created in Houston in 2015. Before we dive into a panic, take a minute to consider ... Read More »

ULI Panel: Sustainability Built Into the Future of American Real Estate

(By Bruce Nichols, Realty News Report Contributor) HOUSTON – Real estate markets are on the cusp of a generational change as younger buyers, renters and investors demand environmental sustainability, and satisfying them will require both market responsiveness and better government policy, a panel agreed at the Urban Land Institute meeting in Houston. “This whole generation, (sustainability) is what they talk about,” ... Read More »

Best April Ever for Home Sales in Houston, Despite Energy Gloom

HOUSTON – Last month was the strongest April ever for home sales in Houston, despite a downturn in the energy industry, which has prompted local economists to issue gloomy forecasts. But so far, local housing continues to outperform in 2015. Houston recorded the strongest April ever with record-high prices and a record number of homes sold for an April, according ... Read More »

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