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Category Archives: Houston

Sealy Buys 500,000 SF Building West of Houston

HOUSTON– (Realty News Report) – An affiliate of  Sealy & Co., an industrial commercial real estate firm, acquired a 479,806 SF distribution warehouse on the west side of the Houston metropolitan area. The building is occupied by Broad Ocean, a manufacturer which is a supplier of Daikin. Daikin recently completed a 4.2 million SF air conditioning manufacturing plant in the ... Read More »

Madison Marquette Tops Out 30-Story Midtown Tower

HOUSTON – (Realty News Report) – Madison Marquette along with investment partner AECOM Capital, celebrated the topping out of a 30-story for-rent residential high-rise located on a 1.16-acre site at 3300 Main Street in Houston’s Midtown district. The tower, The Travis, and will include 328 multifamily units and 15,000 SF of ground-floor retail. “Having achieved this significant construction milestone, we are ... Read More »

Mixed-Use Project – a More Modern Setting for Jeweler (and Future Tenants)

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – The latest gem from Houston’s Zadok family – a mixed-use development sited at 1801 Post Oak Blvd. in Uptown Houston – broke ground this morning at an event highlighting what is to come. Plans call for a five-story, 112,000-square-foot building on the nearly 1.65-acre property the Zadoks purchased in 2011. Construction ... Read More »

Fuller Realty Partners Acquires Another West Houston Office Building

HOUSTON – (Realty News Report) – An affiliate of Fuller Realty Partners has acquired Westchase Place, a Class A six-story office building located at 11200 Richmond Avenue, in the heart of Houston’s Westchase District. JLL’s Rudy Hubbard, Kevin McConn, and Rick Goings represented the seller, CAPSTAR Real Estate Advisors. Fuller Westchase Place, Ltd. an entity affiliated with locally based Fuller ... Read More »

Lake on Post Oak Office Lease

HOUSTON – (Realty News Report) – Carriage Services Inc. has signed a long-term extension for its 47,742-SF office space at 3040 Post Oak Blvd. Ryan Barbles and Mathew Volz of Stream Realty represented MetLife, the landlord.  Carriage was represented by Garrold Parratt and Ronnie Deyo of JLL. The 3040 Post Oak Blvd. building, which opened in 1982, was developed by ... Read More »

Mortgage Rates Hit Lowest Point Since 2016

HOUSTON – (Realty News Report) – Mortgage rates have hit their lowest point since October 2016, with the 30-year fixed-rate mortgage rate averaging 3.49 percent, according to Freddie Mac. The 3.49 percent average  for the week ending Sept. 5, was down from last week when it averaged 3.58 percent. A year ago at this time, the 30-year mortgage averaged 4.54 ... Read More »

“Houston is one of the hottest markets in the US for multifamily investors,” says major CRE Firm

HOUSTON – (Realty News Report) – REEP Equity and Hashem Holdings have acquired the 128-unit Candleridge Park Apartments in Houston – which is a hotbed for investors, JLL said. “Houston is one of the hottest markets in the US for multifamily investors,” said JLL senior vice president  CW Sheehan. “The rental market remains strong thanks to a thriving energy sector, ... Read More »

How Many Houstonians Travel 90 Minutes to Get to Work? The Survey Says: It’s a Lot

HOUSTON – (By Dale King, Realty News Report) – It’s a bird; it’s a plane; it’s a super commuter. These are the brave souls who travel 90 minutes or more getting to work. And that’s just the one-way segment. Nationally, 2.9% of workers are super commuters – long riders aboard cars, buses, trains and other modes of transport, says a ... Read More »

July was Best Month Ever for Houston Home Sales, Realtors Say (Almost 9,000 Homes Sold)

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – With almost 9,000 homes sold, July was the best month ever in Houston real estate history, the Houston Association of Realtors reported. The association reported 8,953 single-family homes were sold in July. That shattered the previous record month – July of 2018 when 8,385 houses were sold. “Real estate ... Read More »

Houston Firm Moves HQ to 910 Louisiana

HOUSTON – (Realty News Report) – Ontellus, the nation’s largest privately-held data retrieval and claims intelligence provider, is moving its national headquarters to the 910 Louisiana building in downtown Houston. Ontellus, which has achieved 20 percent revenue growth in the past year and significantly grown its workforce, will occupy more than 32,000 SF on floors 45 and 46 of the ... Read More »

$12M in disaster relief money to fund affordable senior housing in Houston’s Third Ward

HOUSTON – (By Dale King, Realty News Report) – The federal government has allocated $12 million in disaster relief funds to help a historic section of Houston rebuild from the destruction inflicted by Hurricane Harvey two years ago. The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, recently announced it has received the cash to “replace housing stock ... Read More »

JLL Finance Team Leaves Firm to Open Walker & Dunlop Office

HOUSTON – (Realty News Report) – A group of veteran commercial real estate finance professionals from Jones Lang LaSalle have been retained to start a Walker & Dunlop office in Houston. Mike Melody, Tom Melody, Tom Fish and Paul House have been named managing directors at Walker & Dunlop’s new office in Houston. Jonathan Paine was named senior vice president. ... Read More »

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