Sunday , 25 August 2019
Breaking News

Category Archives: Houston

Bill.com Leases Offices in Westchase

HOUSTON – (Realty News Report) – Bill.com, a Palo Alto, Calif.-based tech firm that manages transactions, leased 25,000 SF of office space in CityWest Place in Westchase. CityWestPlace, operated by Parkway Property Investments, recently received a BOMA 360 Performance Program designation from the Building Owners and Managers Association International. Bill.com was represented in the transaction by Bo McNally of T3 ... Read More »

Texas a Major Player in Nation’s Warehouse Construction Boom: Avison Young Report

HOUSTON – (By Kyle Hagerty for Realty News Report) – Across the nation, logistics-focused industrial facilities can’t be built fast enough and that’s great news for Texas. The Lone Star State is on the receiving end of a nationwide industrial building boom, accounting for 50 million square feet of the nation’s 274 million square feet currently under construction, over 18% ... Read More »

Realty News Reports’ Real Estate Briefs

CityPlace, a new, urban, mixed-use district anchoring Springwoods Village, has executed a restaurant lease with Common Bond Cafe & Bakery, owned by Houston-based entrepreneur George Joseph. The shop that will occupy 4,289 SF with a patio on the ground floor should open in the first quarter of 2020. Common Bond was represented by Alan Chodrow and Shane Karstendiek of Chodrow Realty ... Read More »

Eric Lestin to Lead Cushman & Wakefield Move Into Retail

HOUSTON – (Realty News Report) – Retail veteran Eric Lestin, formerly of CBRE, has joined Cushman & Wakefield to lead the firm’s newly formed Retail Services Group. Lestin will create a retail tenant representation team and develop other related disciplines. Cushman & Wakefield’s executive vice chairman Tim Relyea said Lestin has “one of the best retail real estate minds in ... Read More »

Major Kuwaiti Asset Manager Makes a Play in Houston Real Estate

HOUSTON – (Realty News Report) – Kamco Investment Co., a major Kuwaiti asset manager, has completed  significant investment in Houston real estate, which has attracted a number of large foreign investors over the years. Kamco Investment partnered with Northridge Capital, based in Washington, DC, to acquire the new HP Plaza, a 378,000-SF office development in Springwoods Village development north of ... Read More »

Houston’s Gain of 1 Million in Population is Great for Real Estate, CBRE Says

HOUSTON – (Realty News Report) – The Houston metro area has gained more than 1 million people since 2010, a growth rate that is fueling the Houston’s real estate markets and the region’s overall economy, according to top CBRE executives. Noting that new U.S. Census Bureau figures show the Greater Houston area has hit 7 million, CBRE senior managing director ... Read More »

Medistar Developing Multifamily Near Texas Medical Center

HOUSTON – (Realty News Report) – Medistar Corp., a Houston development firm led by Monzer Hourani, is developing a 326-unit apartment project called Medistar Grand. The project is located on six acres near the intersection of Grand Blvd. and Corder Street, just southeast of the Texas Medical Center. Pearlmark, a Chicago investment firm, provided $8.4 million in mezzanine financing. Construction ... Read More »

Opportunity Zones: Latest Investment Craze Pumps Up Prices

HOUSTON –  (Realty News Report) – Opportunity Zones, the new tax benefit that reduces the burden of capital gains tax, is elevating property prices around the nation. Opportunity Zones are new and it’s difficult to gauge the impact until more sales have been closed. But the zones are creating a major buzz in the real estate community. “Investors are gaining ... Read More »

Affordable Housing: Avenue Builds Homes on North Side

HOUSTON – (By Dale King, Realty News Report) – Avenue, a local nonprofit dedicated to building affordable homes, knows how urgently low- and moderate-income buyers want to purchase affordable, energy-efficient single-family dwellings. The organization just completed Phase I of Avenue Meadows, a new community of 10 energy-efficient, reasonably priced residences in Houston’s Northline neighborhood. Soon after those specially designed abodes ... Read More »

Compass Realty Firm Leases Full-Floor in New Office Tower Near Highland Village

HOUSTON – (Realty News Report) – Compass Real Estate, a rapidly expanding national residential brokerage, leased a full floor in Stonelake Capital Partners’ new Park Place Tower under construction on Westheimer Road inside Loop 610. The 15-story, 210,000-SF Park Place office building has also gained Charles Schwab as a tenant and the property is now 21 percent leased ahead of its ... Read More »

Hines’ New 47-Story Downtown Tower Certified as LEED Platinum

HOUSTON — (Realty News Report) – Texas Tower, the 47-story office tower under construction on the former Houston Chronicle block has been pre-certified LEED Platinum for its sustainability achievements, according to the building’s developers, Hines and its partner Ivanhoé Cambridge. The one-million-SF office tower in the 800 block of Texas Avenue kicked off construction earlier this year. Already 33% leased, ... Read More »

Clay Development Starts Another Spec Warehouse Project – It’s 525,000 SF

HOUSTON – (Realty News Report) – Clay Development & Construction Inc. has broken ground on the 525,000-SF Kennedy Greens Distribution Center I in north Houston near Beltway 8 and Bush Airport. Clay, a Houston firm led by Robert Clay, now has four spec projects, totaling 1.8 million SF, underway in Houston. The l Kennedy Greens project is on JFK Blvd. ... Read More »

Scroll To Top