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Category Archives: Houston

Houston Home Sales Up 2.8 Percent in First Quarter

HOUSTON — (Realty News Report) — Houston home sales were up 2.8 percent in the first quarter of 2018, compared to a year earlier, according to the Houston Association of Realtors. The year’s fast start it impressive because it represents a gain over the record sales recorded 2017, the best year ever for home sales in Houston. Home sales in ... Read More »

The Structural Integrity of Addicks and Barker Dams is Unknown, New Flood Report Says

HOUSTON – (Realty News Report) – The structural integrity of the aging Addicks and Barker dams, built to protect a large portion of Houston from flooding, is uncertain and should be the subject of a transparent investigation, according to a new research report by Greater Houston Flood Mitigation Consortium. “Data indicate that if either the Addicks dam or the Barker ... Read More »

Chicago Investor Buys 330 Multifamily Units

HOUSTON – (Realty News Report) – Waterton, a Chicago-based real estate investor and operator, has acquired Carrington at Barker Cypress, a 330-unit apartment community at 7202 Barker Cypress Road in Cypress, Texas – 25 miles northwest of downtown Houston. Houston’s apartment occupancy rose sharply last year following Hurricane Harvey flooding, which damaged 204,000 single-family and multifamily homes. “Houston as a ... Read More »

Houston’s Oversupply of Sublease Space is Growing Again

HOUSTON – (Realty News Report) – Houston’s supply of sublease office space has been increasing again, wiping out some of the celebrated decreases in the overhang. Houston has 9.4 million SF of sublease space available, according to a recently released March report by NAI Partners. The sublease supply was less than 9 million SF at year-end – a short-lived positive ... Read More »

Griffin Partners Buys Loop Central Office Complex

HOUSTON – (Realty News Report) – The Loop Central office complex has been acquired by Griffin Partners. The seller was TIER REIT Inc., a Dallas-based real estate firm. The three-building office complex is located on the east side of Loop 610, just south of Westpark, near the city of Bellaire. The 575,000-SF project is about 84 percent leased. The REIT ... Read More »

Groupo Comercial Chedraui to Acquire Fiesta Mart for $300 Million

HOUSTON – Fiesta Mart, a Houston-based grocery chain with 63 stores, is being acquired by Groupo Comercial Chedraui, a Mexico-based retailer, for $300 million. Chedraui already has 60 grocery stores in California and other states operating under the El Super brand name. The addition of Fiesta Mart makes the chain a strong national force in selling groceries to the Spanish-speaking ... Read More »

Houston’s Hottest Spot for Land Deals? – Realty News Report’s Q&A with Veteran Land Broker Stan Creech

HOUSTON – (Realty News Report) – “Buy land, they’re not making any more of it,” Humorist Mark Twain once famously said. Houston real estate legend Stan Creech doesn’t necessarily buy land; he brokers it – to the tune of $2 billion during his more than 40 years in the real estate business. Since his graduation from the University of Texas law school in 1971, Creech specializes in the sale of ... Read More »

This H-E-B Won’t Flood: Grocer Shows Meyerland Residents the Plans For Two-Story Store at Meyerland Plaza

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Meyerland community lost more than homes when Hurricane Harvey hit Houston last year. It lost its H-E-B grocery. The H-E-B void will be filled in late 2019 when a new, elevated store is completed at Meyerland Plaza, at the corner of Loop 610 and Beechnut in southwest Houston. ... Read More »

Crosswell Polishes Off Remaining Tracts in Master Planned Community

PEARLAND, Texas – (Realty News Report) – Houston developer Allen Crosswell, managing principal of NewQuest Crosswell, has purchased the remaining commercial tracts in Shadow Creek Ranch, a 3,300-acre master planned community that is nearing completion. The deal, with a Crosswell-led partnership acquiring the remaining 63 acres of commercial reserves in Shadow Creek Ranch, represents the final exit from the master-planned ... Read More »

Upscale Denver Steakhouse Signs 13,000-SF Lease at One Allen Center

HOUSTON – (Realty News Report) – Guard and Grace, a modern Denver-based steakhouse, will open a 13,000 SF restaurant in the One Allen Center building in downtown Houston. The restaurant, scheduled to open in summer 2019, continues a relationship between the restaurant group and Brookfield Properties, which owns the Allen Center office complex and the Denver building where Grace and ... Read More »

Salata Adding 130 Restaurants

HOUSTON – (Realty News Report) – Salata, a Houston-based, fast-casual salad restaurant, has tapped CBRE to assist in its plans to add 130 locations and enter new markets in Florida. CBRE will advise Salata it in selecting locations for the 30 restaurants it plans to open this year and another 100 in 2019 and 2020. Salata’s expansion is focused on ... Read More »

Stewart Title Co. to be Sold for $1.2 Billion

HOUSTON—(Realty News Report) —Houston-based Stewart Information Services Corp. will be acquired by Fidelity National Financial, for $1.2 billion, the companies announced in a press release Monday. Stewart, which was founded in Galveston in 1893, has 20 Stewart locations in the Houston area, where thousands of real estate transactions have closed over the years. The firm  offers title insurance policies and ... Read More »

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