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Category Archives: Houston

September to Remember: Best September in Houston Real Estate History, Realtors Say

HOUSTON – (Realty News Report) – Houston Realtors report September 2019 was the strongest September in Houston real estate history. A total of 7,035 single family homes were sold in September, up 9.5 percent from September of 2018, according to the Houston Association of Realtors. Lower mortgage rates enabled buyers to jump into the market while the inventory of homes ... Read More »

Grand Opening: New Robotics Facility at Texas Medical Center

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Nowhere was the spirit of collaboration more evident than when ABB Robotics team realized their $40,000 dual-arm robot, YuMi, although capable of performing repetitive, delicate processes, would not be able to cut the ribbon at this morning’s ceremony at ABB’s first global healthcare research hub at Texas Medical Center ... Read More »

Downtown’s Facelifts Surging: Dozens of Buildings Getting Upgrades in Houston

HOUSTON – (Realty News Report) – The skyline towers of downtown Houston are undergoing a major facelift with more than a dozen major redos, along with a number of other fix-ups and the transformations of other buildings. “In fact, Downtown is experiencing a wide array of renovations and upgrades to its office skyline. There will be 12.6 million square feet of ... Read More »

Virginia Company Makes Tenth Houston Purchase

HOUSTON – (Realty News Report) – Thirty Seventh Parallel firm of Richmond, Va. has acquired the 300-unit Cashel Springs Apartments, its tenth acquisition in Houston. Cashel Springs Apartments, 1422 Wunderlich Drive near Willowbrook Mall in northwest Houston, were built in the 1980s. The price represented a 45 percent discount to replacement cost, said Dan Chamberlain, COO of the company. The ... Read More »

Houston’s Warehouse Construction Boom: Vacancy Climbing as Supply is Added

HOUSTON  – (By Kyle Hagerty for Realty News Report) – Houston’s industrial vacancy may finally be catching up to the blazing pace of construction in recent quarters. Overall vacancy is at 6.5%, up from this time last year at 5.7%, thanks to more than 6.3 million square feet of vacant space being added to the market. That’s half the space ... Read More »

Maximum Internet: New Hines Tower in Downtown Houston First to be Certified WiredScore Platinum

HOUSTON – (Realty News Report) – The new 47-story Texas Tower office project has been awarded WiredScore’s Certified Platinum designation recognizing its advanced internet connectivity. The Texas Tower, a Hines and Ivanhoe Cambridge development under construction on Texas Avenue in downtown Houston, will be the first ground-up building in Houston to have the Platinum certification. A secure, reliable and fast ... Read More »

Law Firm Leases Space in Hines Tower in Downtown Houston

HOUSTON – (Realty News Report) – Hines, the international real estate firm, announced that Dallas-based law firm Shackelford, Bowen, McKinley & Norton has signed a new 15,000-square-foot lease at 717 Texas, a downtown tower near the Theater District. Hines recently completed a renovation to the 33-story building creating a hospitality-inspired lobby with new furnishings, wall and elevator finishes, lighting and security console upgrades. ... Read More »

Trammell Crow Acquires SMU Campus in Plano

PLANO, Texas – (Realty News Report) — Trammell Crow Co. has acquired the 16-acre SMU campus in Plano for a future development. Newmark Knight Frank handled the sale of the SMU-in-Plano campus, including four buildings on 16 acres located at 5228-5236 Tennyson Parkway in Plano. The SMU-in-Plano campus is a satellite campus of Southern Methodist University (SMU), nationally ranked private ... Read More »

Finished and Ready: Another 685,400 SF for Houston’s Industrial Market Where Construction is Booming

HOUSTON – (Realty News Report) – The shell of Air 59 Logistics Center is complete and ready for tenant improvements. The 685,400-SF distribution building is located in the Park Air 59 center at the intersection of Will Clayton Parkway and U.S. Highway 59 in Humble. JLL’s Mark Nicholas, Richard Quarles, and Joe Berwick are leasing the facility on behalf of ... Read More »

Weingarten Realty Sells Northbrook Shopping Center

HOUSTON – (Realty News Report) – Weingarten Realty has sold the Northbrook Shopping Center, a 174,181-SF grocery-anchored retail center in Houston, located at 5264 W. 34th Street. Houston-based Wu Family Trust purchased the retail center for undisclosed price. Northbrook Shopping Center is located in a densely populated area in Houston along US 290 with over 140,000 residents within a three-mile radius. ... Read More »

Ralph Bivins to Deliver Keynote Presentation at CoreNet Houston’s 2019 Education Day

HOUSTON – (Realty News Report) – Ralph Bivins, an author and journalist focused on Houston real estate and development issues, will deliver the Keynote Presentation at the CoreNet Houston – 2019 Education Day. Bivins’ new book Houston 2020: America’s Boom Town – An Extreme Close Updelves into future growth issues facing Houston as it overtakes Chicago to become the nation’s ... Read More »

NAI Partners Fund Acquires Industrial Park

HOUSTON – (Realty News Report) – NAI Partners Investment Fund, through its Investment Fund III has acquired Point West Business Park, a 146,000-SF flex industrial park located just south of the Westchase District. The fund acquired the project off-market from Interra Capital Group. Andrew Pappas and Adam Hawkins of NAI Partners’ Investment Fund negotiated and closed the deal alongside Todd ... Read More »

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