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Category Archives: Realty News Report

REIT Buys the Most Flamboyant Shopping Center in Texas

By Ralph Bivins HOUSTON – The Portofino shopping center, one of the most ambitiously designed shopping centers in Texas, has been acquired by the Kite Realty Group Trust. Borrowing from the architecture of Venice, Jefco Development Corp., a Houston retail center group led by Jim Fisher, developed Portofino in 2000. The center features Roman fountains, canals, courtyards and waterfalls. Its buildings ... Read More »

New Home Sales Up in Houston as Labor Shortage Develops and Inventory of Specs Virtually Disappears

By Ralph Bivins Houston home builders  are reporting a 13 percent increase in in 2013, but a tight labor market is making many buyers wait six months or longer for their new home to be completed, according to the latest report from the Metrostudy housing information firm. “Everybody is quoting six months (of waiting) for a production home,” said David ... Read More »

Skanska Tower Near Galleria in Houston Sells for $112 Million

HOUSTON – Skanska USA has sold its new spec office building, a 20-story building located near Houston’s Galleria to an investment group affiliated with the building’s new lead tenant, the Alliantgroup for $112 million. The 20-story building, 3009 Post Oak Boulevard, is located on a parcel between Loop 610 and the Gerald D. Hines Water Wall Park. Alliantgroup, a providers of specialty ... Read More »

Hines Planning Major-Scale Skyscraper in Downtown Houston

By Ralph Bivins Editor, RealtyNewsReport Hines is expanding the size of its skyscraper proposal for a major-scale office building on downtown Houston’s Main Street and it is considering constructing the tower on a spec basis. The new project, destined to be one of Houston’s most notable buildings, will be what some in the real estate industry have been calling “Class ... Read More »

Houston Home Sales Hit All-Time Record

By Ralph Bivins Houston home sales hit their highest monthly sales total ever in May, establishing a new record of 7,794 home sales in a single-month, the Houston Association of Realtors reported. The May sales total, up 28 percent over May 2012, shattered the previous monthly record established in June 2006 when 7,688 single-family homes were sold in the Houston ... Read More »

Ralph Bivins, Editor of RealtyNewsReport, Named Winner in NAREE Journalism Competition

HOUSTON – Ralph Bivins, editor of RealtyNewsReport,  has been named a winner in the “Best Commercial Real Estate Report” category of the National Association of Real Estate Editors 63rd Annual Journalism Awards. Award winners in 25 categories were selected by a panel of expert judges from the E. W. Scripps School of Journalism at Ohio University. Bivins’ article about the ... Read More »

Houston Home Sales Hit a Six-Year High; Prices at All-Time Record High

By Ralph Bivins April was the best month for home sales in Houston in almost six years as home buyers snatched up new listings at a pre-recession pace. The Houston Association of Realtors reported 6,482 single-family homes were sold in April, the highest monthly sales total since August 2007 — a 27 percent gain over April of last year. With ... Read More »

Andres Duany, Godfather of New Urbanism, to Headline NAREE Journalism Conference

Acclaimed New Urbanism Architect Andres Duany to Address NAREE’s “Designs on the New Urban Grid” Conference in Atlanta in June ATLANTA  – New Urbanism visionary Andres Duany, one of world’s most influential architects and urban planners, will address the National Association of Real Estate Editors’ 47th Annual Real Estate Journalism Conference in Atlanta in early June. NAREE’s conference – “Designs ... Read More »

Shad Bogany’s Radio Show Moves to 1360 AM

HOUSTON — The Real Estate Corner, Houston’s long-running real estate radio program, is now broadcasting at a new spot on the dial, KWWJ AM 1360. It airs every Tuesday from 6:15 p.m. to 7:15 p.m. “I’ve been preaching the gospel of real estate over the airwaves for 23 years,” said the show’s founder and host, Shad Bogany, of Better Homes ... Read More »

BHP Billiton Announces 30-story Office Tower in Houston

By Ralph Bivins HOUSTON – Transwestern is developing a 30-story, 560,000-sf global headquarters for BHP Billiton Petroleum at 1500 Post Oak Boulevard in Houston’s Galleria area. The company is a significant player in the shale drilling business. “We have experienced tremendous growth over the past seven years, and we expect vigorous growth to continue for the foreseeable future,” said BHP ... Read More »

Shorenstein Buys Exxon Mobil Tower for $50 Million

By Ralph Bivins HOUSTON – Shorenstein Properties has acquired the 45-story Exxon Mobil building in downtown Houston for a redevelopment that will restore the property to Class A status. The Exxon Mobil building, located at 800 Bell at Travis, was built in 1962 as the headquarters of Humble Oil & Refining, a predecessor to Exxon Mobil. The sales price was ... Read More »

MD Anderson Cancer Hospital Buys Major Tract in West Houston

HOUSTON – The University of Texas’ MD Anderson Cancer Center purchased 34.5 acres in the Energy Corridor of west Houston for a major medical facility. The site is in Wolff Cos.’ 78-acre Central Park development,located on the north side of I-10 between North Eldridge Parkway and SH 6, was assembled by Wolff in late 2011 and early 2012. “Central Park ... Read More »

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