Tuesday , 21 May 2019
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Category Archives: Houston

Redo Done, Uptown Park Now More Modern, Social – and Shaded

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – Uptown Park’s redevelopment by EDENS has wrapped up the district’s year-long makeover, which has changed up the Old World aesthetic for a more modern, more connected one. The 20-old property sits on 14 acres at Post Oak Oak Boulevard and Loop 610. Its original layout — seven clusters of lifestyle-oreinted ... Read More »

GID Starting Multifamily and Retail at Regent Square in North Montrose

HOUSTON – (Realty News Report) – GID Development Group announced it is moving ahead with Phase 2 of Regent Square, a mixed-use development at West Dallas and Dunlavy streets, just south of Buffalo Bayou Park. The eight-acre Phase 2 will include 600 multifamily units and 50,000 SF of street-level retail leased by JLL Retail Advisory Services. OJB Landscape Architecture is ... Read More »

The Closing of Sears Opens the Way for Memorial City Redevelopment

HOUSTON – (By Kyle Hagerty for Realty News Report) – The team behind some of the hottest retail developments in Texas has been engaged by MetroNational to lead efforts for the redevelopment of the 1.7-million-SF Memorial City Mall in west Houston. Trademark Property Company, the Fort Worth-based retail and mixed-use developer, will create a plan that re-envisions the 265-acre campus. ... Read More »

Consumers Feel the Pinch of Rising Home Prices and Rents: CoreLogic Report

HOUSTON – (By Dale King, Realty News Report) – Prices of homes continue to rise throughout the U.S., but at a slower rate than in past years, says the March 2019 Home Price Report drafted by CoreLogic, a global property information, analytics and data-enabled solutions provider. That’s not terrific news for potential homeowners. But it’s really bad for renters who ... Read More »

Bill.com Leases Offices in Westchase

HOUSTON – (Realty News Report) – Bill.com, a Palo Alto, Calif.-based tech firm that manages transactions, leased 25,000 SF of office space in CityWest Place in Westchase. CityWestPlace, operated by Parkway Property Investments, recently received a BOMA 360 Performance Program designation from the Building Owners and Managers Association International. Bill.com was represented in the transaction by Bo McNally of T3 ... Read More »

Texas a Major Player in Nation’s Warehouse Construction Boom: Avison Young Report

HOUSTON – (By Kyle Hagerty for Realty News Report) – Across the nation, logistics-focused industrial facilities can’t be built fast enough and that’s great news for Texas. The Lone Star State is on the receiving end of a nationwide industrial building boom, accounting for 50 million square feet of the nation’s 274 million square feet currently under construction, over 18% ... Read More »

Realty News Reports’ Real Estate Briefs

CityPlace, a new, urban, mixed-use district anchoring Springwoods Village, has executed a restaurant lease with Common Bond Cafe & Bakery, owned by Houston-based entrepreneur George Joseph. The shop that will occupy 4,289 SF with a patio on the ground floor should open in the first quarter of 2020. Common Bond was represented by Alan Chodrow and Shane Karstendiek of Chodrow Realty ... Read More »

Eric Lestin to Lead Cushman & Wakefield Move Into Retail

HOUSTON – (Realty News Report) – Retail veteran Eric Lestin, formerly of CBRE, has joined Cushman & Wakefield to lead the firm’s newly formed Retail Services Group. Lestin will create a retail tenant representation team and develop other related disciplines. Cushman & Wakefield’s executive vice chairman Tim Relyea said Lestin has “one of the best retail real estate minds in ... Read More »

Major Kuwaiti Asset Manager Makes a Play in Houston Real Estate

HOUSTON – (Realty News Report) – Kamco Investment Co., a major Kuwaiti asset manager, has completed  significant investment in Houston real estate, which has attracted a number of large foreign investors over the years. Kamco Investment partnered with Northridge Capital, based in Washington, DC, to acquire the new HP Plaza, a 378,000-SF office development in Springwoods Village development north of ... 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 »

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 »

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 »

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