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Category Archives: Houston

Steel Manufacturing Plant Sold and Will Re-Open

CONROE, Texas – Falcon Steel America, a manufacturer of high-voltage transmission tower and other steel structures, acquired a 226,000-SF manufacturing facility in Conroe, north of Houston. The addition of the new plant, located on 25 acres at 3575 Pollok Drive, will more than double the Fort Worth-based company’s manufacturing capacity. Falcon Steel America, which is remodeling the plant, expects to ... Read More »

Quantum Energy Partners Leases Space in New Downtown Tower

HOUSTON – (Realty News Report) – Quantum Energy Partners leased 32,000-SF at the top of the 35-story downtown office tower under construction by Skanska USA Commercial Development. The new building, slated for completion in 2019, is now 33 percent leased. Bank of America, with more than 210,000-SF, is the anchor tenant and the namesake of the new tower. The 754,000-SF ... Read More »

Medistar Developing 33-Story Medical Tower on Main Street

HOUSTON – (Realty News Report) – Medistar Corp. of Houston is developing a 33-story, 550,000-SF medical office tower at 6700 Main Street on the western edge of the Texas Medical Center, Medistar founder Monzer Hourani said. The medical tower will be built on the site of the SureStay Plus Hotel by Best Western, which will be demolished, Hourani said. The ... Read More »

Craft Beer Distributor Leases Space in Northwest Houston

HOUSTON – Favorite Brands is a family-owned distributor of craft beer, boutique wine and spirits, has signed a lease for industrial space in northwest Houston. NAI Partners recently arranged a 91,200-SF industrial lease for Favorite Brands at 9010 West Little York in Houston. The building is near Highway 290 and Fairbanks North Houston Road. John Ferruzzo and Nick Peterson of ... Read More »

Despite Hurricane, Houston Ranks No. 2 in the Nation in Housing Starts, Behind Dallas

HOUSTON – Houston ranks No. 2 in the nation in housing starts, behind only Dallas, as Texas continues to show exceptional strength in home building. Houston had 27,713 housing starts for the 12-month period ending Sept. 30, according to Metrostudy, a national housing and research firm. That’s a 6.4 percent increase over 2016. Dallas remained as the top new home ... Read More »

Stewart Title Moving HQ to Four Oaks Place

HOUSTON – (Realty News Report) – Stewart Title has leased 156,000 SF of office space in the Four Oaks Place complex for its near headquarters location. Stewart’s new offices will be subleased from BHP Billiton at 1360 Post Oak Boulevard in the Uptown Houston area. The move will occur at midyear 2019. “Stewart’s associates drive the company’s growth and it’s ... Read More »

Topped Off With Houston Center Deal, Office Building Sales Rebound in 2017

HOUSTON – (Realty News Report) – For folks who sell Houston office buildings for a living, Thanksgiving should be extra special this year. After a paltry $300 million in office building transactions in 2016, the annual sales total will be well into the multi-billions by the time the last deal closes in 2017. And there are still more closings on ... Read More »

New Development Rises on Old Ruggles Grill Site in Montrose Area

HOUSTON – A retail center is being developed on Lower Westheimer on the site of the old Ruggles Grill. The 6,500-SF center, called West Mon Plaza, is nearing completion. It is located just east of Montrose Boulevard in the 900 block of Westheimer. Tenants will include Velvet Taco, Chills 360 and East Hampton Sandwich Co. Lauren Heimann and Josh Jacobs ... Read More »

Transwestern Development Making Its Mark in the Houston Multifamily Market

HOUSTON – Transwestern Development is making its mark in the Houston multifamily market. The initial tenants have moved into The Hayworth, Transwestern Development’s new multifamily project in the Tanglewood area of Houston. The 246-unit upscale eight-story community is located at 1414 Wood Hollow Drive, near the intersection of Voss Road and Woodway. Greystar Management Services is managing the community, which ... Read More »

Jeronimo Hirschfeld Sells 882 Apartment Units for $60 Million

HOUSTON – One Real Estate Investment, a Miami-based firm led by Jeronimo Hirschfeld, has sold two Houston multifamily properties with 882 units for more than $60 million. Dallas-based S2 Capital, LLC. purchased the 432-unit Avalon at Royal Oaks 2310 Crescent Park Drive and the 446-unit Village at Uvalde, 250 Uvalde Road. “One Real Estate continues to be committed to the Houston market. ... Read More »

Prudential Unit Buys LaCenterra at Cinco Ranch

HOUSTON – (Realty News Report) – PGIM Real Estate, part of Prudential Financial, has acquired LaCenterra at Cinco Ranch, a 412,900-SF mixed-use lifestyle center on 34 acres near the Grand Parkway, on the west side of Houston. The developers selling the property – Vista Cos. of Houston and Denver-based Amstar Group were represented by Eastdil Secured. The center includes 273,522 ... Read More »

Houston Home Sales Big; Inventory Too Small

HOUSTON – Houston home sales rose in October as the Houston residential market churned through the aftermath of Hurricane Harvey and recovered from the 50 inches of rain it dumped on the city. The Houston Association of Realtors reported 6,381 single-family homes were sold in October, up 7.5 percent from the 5,934 homes sold in October 2016. Sales remain on ... Read More »

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