Tuesday , 16 January 2018
Breaking News

Category Archives: Houston

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 »

Co-Working Firm Leases Space in Midway’s Kirby Grove

HOUSTON – Spaces, an Amsterdam-based creative workspace company, has leased 25,000 SF in Midway’s Kirby Grove development for its first co-working location in Houston. Spaces describes its locations as “a creative working environment for the corporate shaker, freelancer, energetic entrepreneur, international worker, mobile worker, start-ups and well-established companies.” Expected to open in Spring 2018, Spaces will occupy the entire sixth ... Read More »

Nesting at Home and New Trends in Texas CRE

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – As the retail game goes, the trend toward nesting at home will make for a most interesting holiday shopping season. The evolution of retail was one of the key topics covered at the NAI Partners Press Event in Houston earlier this week. Retail: Jason Gaines: “More than half the country ... Read More »

North Loop Building Acquired by Finn

HOUSTON – (Realty News Report) – A group led by Houston investor Sean Finn has purchased a 136,325-square-foot office building on Houston’s north Loop 610. The 2525 North Loop West building is a Class B property near T.C. Jester Boulvard. A Finn-led partnership, 2525 Inner Loop, L.P., purchased the property from Lykes Building Holding Associates and Smetana Texas Realty Associates. ... Read More »

Chamberlain, Hrdlicka Law Firm Leases Space in Downtown Houston

HOUSTON – (Realty News Report) -National law firm Chamberlain, Hrdlicka, White, Williams & Aughtry has announced the long-term extension of its lease in Two Allen Center, a Brookfield Property Partners building in downtown Houston. Under the terms of the new agreement, Chamberlain Hrdlicka will continue leasing its 55,178 square feet of office space on the 13th and 14th floors of ... Read More »

Inside Look: How Stacy Mazur is Restoring Buildings Damaged in Harvey, Maria and the Napa Fires

HOUSTON – (By Dale King) – Before the first drop of rain from Hurricane Harvey hit the Houston area two months ago. Before the first gust of wind took out a wall, tree or roof in Key West on Sept. 10. Even before catastrophic Hurricane Maria slammed Puerto Rico and neighboring islands with destructive power, a Fort Worth-based disaster recovery ... Read More »

Houston’s Industrial Revolution: Q&A with Walker Barnett of Colliers International

HOUSTON – (Realty News Report) – E-commerce is transforming the retail industry and changing the industrial market as well. Meanwhile, Houston’s industrial developers are building larger warehouses than ever before. Huge cargo ships leave China loaded with consumer goods, bound for the Port of Houston. The Panama Canal expansion allows larger ships to pass. Many say Houston is stepping into ... Read More »

Scroll To Top