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Category Archives: Texas

Magic Johnson Fund Sells Stake in Austin City Limits Theater and W Hotel

AUSTIN – A Magic Johnson investment fund has sold its stake in the W Austin Hotel and the Austin City Limits theater for $187.2 million. Austin-based Stratus Properties Inc. bought Canyon-Johnson Urban Fund II interest in the downtown Austin property. Stratus Properties announced Monday that it had completed a refinancing of the W Austin Hotel & Residences and Austin City ... Read More »

Q&A with Transwestern’s Chip Clarke: Making The Right Moves for 2016

It’s no secret that Houston has been adversely affected by the dramatic drop in the price of a barrel of oil.  Where will energy prices go?  How has it affected real estate?  What other cities in America are doing well?  To find out, Realty News Report talked with Chip Clarke, President Americas, at Transwestern and a 30-year veteran of the ... Read More »

Texas Realty Roundup

HOUSTON — i3 Interests and Atlas Real Estate Partners joined forces to purchase a 202,978-square-foot, three-building medical office property in Houston. Scott Carter of Transwestern represented the seller, Peakwood Professional Partnership. Texas Capital Bank provided the financing. The three buildings are located at 800 Peakwood, 810 Peakwood and 714 FM 1960. i3 is a Houston-based commercial real estate firm focused on acquiring and ... Read More »

Braun Enterprises Sells Austin Buildings

AUSTIN – Houston-based Braun Enterprises has sold a pair of Austin buildings – the Park Place II and III near US Highway 290 in south Austin. Nashville-based OakPoint Real Estate and Austin’ Haverwood Management purchased the buildings, a total of 68,000 SF of multi-tenant office space. CBRE Capital Markets’ Investment Properties handled the transaction. The Class B assets are 97 ... Read More »

Parks Can Give a 20 Percent Boost to Property Values, Valuation Firm Reports

HOUSTON – Parks and trails systems deliver significant value to properties near the public green spaces, a Houston valuation firm reports. “Properties located adjacent to one of Houston’s premier parks typically receive more than a 20 percent positive impact in value because of their proximity to these outstanding public spaces,” says Matthew Deal, principal of Deal Sikes & Associates. “Quality ... Read More »

D-FW Retail Portfolio Sold: 11 Grocery-Anchored Centers

DALLAS – An affiliate of Pine Tree Commercial Realty bought a 756,865-square-foot grocery-anchored retail portfolio in the Dallas-Fort Worth Metroplex, the  CBRE Capital Markets’ National Retail Investment Group announced. The portfolio is comprised of 11 retail centers, each anchored by Tom Thumb. It is 97 percent occupied. The individual assets include: Heritage Heights in Colleyville Park West Plaza in Southlake Flower Mound Crossing and ... Read More »

The Ongoing Impact of Cheap Oil: a Q&A with Trendmaker Homes’ Will Holder

HOUSTON – Will Holder has spent some four decades in the home construction business, the last 22 years at Trendmaker Homes, where he is currently president. The 2012 president of the Greater Houston Builders Association, Will recently developed and taught a graduate level real estate course in The University of Houston’s Bauer College of Business, Graduate Real Estate Program. Trendmaker ... Read More »

The Future of Houston and Its Shopping Centers: Q&A with Ed Wulfe, the Dean of Texas Retail Real Estate

When Ed Wulfe, chairman & CEO of Wulfe & Co., started out in the real estate business, a barrel of oil cost $1.50.  A lot has changed since 1963 in energy and retail. Considered the dean of retail real estate in Houston, Ed is the ‘go to guy’ for local, national and international retailers wanting to know about the Houston ... Read More »

Trendmaker Homes Enters Austin Market

AUSTIN – Trendmaker Homes, part of the TRI Pointe Group, is entering the Austin market. “After nearly 45 years in the Houston market, we are thrilled to have the opportunity to expand our reach in Texas,” said Will Holder, president of Trendmaker Homes. “Austin has experienced tremendous job growth in the last year.” Trendmaker acquired 38 lots in Belterra, a ... Read More »

Best September Ever for Houston Home Sales

HOUSTON – In the strongest September on record, the Houston Association of Realtors reported 6,691 single-family homes were sold in September, a 3.5 percent increase over September of last year. However, HAR reports a slight decrease in “pending sales” a statistic that indicates sales activity could be slowing. Traditionally home sales slow down in the fall, as the holiday seasons ... Read More »

Texas Leasing Magnate: The Q & A with Chip Colvill

Colvill Office Properties is an owner’s representative company specializing in office building leasing in Houston and Dallas. Colvill’s high-profile Houston assignments include Hines’ 48-story spec project under construction on Main Street and Frank Liu’s redevelopment of the downtown Post Office property. Colvill currently oversees a large portfolio of Class A office space in the nation’s fourth largest city and the ... Read More »

Construction Cranes: Houston’s Endangered Species? The Q&A with Michael Scheurich of Arch-Con Corp.

With its continued dependency on the energy sector, Houston has been greatly affected by the downturn in the oil and gas industry. No where is this more evident than in the cranes that dot the Houston landscape. To gauge the health of the construction sector, Realty News Report talked with Michael G. Scheurich, President & CEO of Houston-based Arch-Con Corporation, a Texas-based general contractor ... Read More »

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