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Category Archives: Realty News Report

Houston Home Sales Up Sharply in June

By Ralph Bivins The Houston Association of Realtors reported Houston area home sales were up 14 percent over June of last year. For the month of June $1.7 billion worth of residential properties were sold – the highest monthly sales total since August 2007, the Houston Association of Realtors said. Inventory of homes for sale is low. Only 42,207 properties ... Read More »

Office Building Sold in Houston’s Energy Corridor

HOUSTON — Frontier Equity purchased  Kirkwood Tower, a 285,682-square-foot, Class A office building in Houston’s Energy Corridor. Kirkwood Tower, 11757 Katy Freeway, was built in 1984. The 15-floor office tower, which is 74.4 percent leased, has  a six-level parking garage and 10-story glass enclosed atrium. HFF marketed the property on behalf of Equastone Kirkwood, LP. Frontier Equity purchased the property ... Read More »

Exxon Mobil Moving 2,000 to Houston from Fairfax, Va. and Akron

By Ralph Bivins HOUSTON – Exxon Mobil will relocate 2,000 employees from Fairfax, Va. and Akron, Ohio, to its new 385-acre corporate campus which is under construction on the north side of Houston, the energy firm announced in a press release. Some 10,000 Exxon Mobil employees will work at the new corporate campus, about 8,000 of them relocated from other ... Read More »

Spec Office Project Under Construction In Houston’s Energy Corridor

By Ralph Bivins HOUSTON — With no tenants signed, Myers Crow & Saviers, Ltd., will begin construction on the 135,000-square-foot Mason Creek Office Center near Interstate 10 west of Houston in the red-hot Energy Corridor office market. West Houston, along Interstate 10 is known as the Energy Corridor because scores of energy related companies and engineering firms involved in drilling ... Read More »

Journalists Heading to Denver for Major Real Estate Conference in June

DENVER – The National Association of Real Estate Editors (NAREE) offers a prestigious lineup of speakers – including Margaret Kelly, chief executive officer of Re/Max and NAREIT chair Donald Wood, plus a dozen more CEOs and principals, and five chief economists – at its Real Estate Journalism conference June 20 – 23 in Denver. Based at the Brown Palace Hotel, ... Read More »

University of Houston Graduate Real Estate Program Recognized in the ULI Hines National Design Competition

By Ralph Bivins HOUSTON – The University of Houston Graduate Real Estate Program was recognized as a winner  for its financial analysis and proposal in the 2012 Urban Land Institute (ULI) Gerald D. Hines Student Urban Design Competition. Real estate students from 139 teams representing 64 universities in the United States and Canada, with a total of 695 students participated ... Read More » Named Media Sponsor for the Spring Symposium by University of Houston’s Institute for Regional Forecasting

HOUSTON – has been named media sponsor for the 2012 Spring Symposium, the highly respected real estate and economic forecast by the University of Houston’s Institute for Regional Forecasting at the Hobby Center for Public Policy. The Symposium and luncheon will be held May 8, 2012, from 11:30 a.m. to 1:30 p.m. at the Hyatt Regency Hotel, 1200 Louisiana ... Read More »

Texas Apartment Roundup

 HOUSTON – Crossbeam Capital bought the 348-unit Enclave at Woodbridge Apartments, 15015 W. Airport Blvd. in the Sugar Land area on Houston’s southwest side.  Crossbeam, formed as a result of the meger of Maryland-based Crossbeam Capital and Houston-based Concierge Asset Management, has been active in Texas multifamily recently. SAN ANTONIO – Hendricks & Partners  announced the sale of Reserve in ... Read More »

Houston Office/Warehouse Construction Planned

HOUSTON – Vickery-Aldine Bender, LLC, a United Equities sponsored entityhas acquired 4 acres of land to be developed into a multiple building industrial project totaling 42,720 square feet of Office/Warehouses. The site is at the northeast corner of Vickery Drive and  Aldine Bender Road in Houston. Tom Condon, Jr. with BETZ Commercial Brokerage, Inc. represented the Seller and Anthony Clay with ... Read More »

Houston Proposing Hotels and Expansion to Convention Complex

By Ralph Bivins HOUSTON – A major expansion to Houston’s downtown convention center district calls for the construction of three new hotels, a new wing to the George R. Brown Convention Center and other new development, according to a report in the Houston Chronicle. Houston First, an organization supported hotel tax and tourism revenue, is promoting the plan. Houston First could support ... Read More »

Houston Leads the Nation in New Home Construction’s Weak Market

HOUSTON – Houston is leading the nation in residential construction, one of the weakest sectors in the economy. Houston led the nation in 2010 with $4.17 billion in new residential projects, according to the U.S. Census Bureau.  Dallas was second with $3.87 billion and New York was third with $3 billion. New home sales, however, are off sharply and the ... Read More »

Ralph Bivins Wins Award in NAREE’s Best Columnist Competition

Ralph Bivins Wins Award in NAREE’s Best Columnist Read More »

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