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Category Archives: Texas

Houston Leads the Nation in Retail Construction, Marcus & Millichap Reports

Houston is leading the nation in shopping center construction, according to the Marcus & Millichap real estate firm. In its second quarter retail research report, the firm predicted 3.3 million square feet of retail space will be completed in the Houston area this year, more than any other market in the country. Job growth is rather puny, but at least ... Read More »

Transwestern Development Starting Micro-Unit Millennial Multifamily Project in Austin

AUSTIN – Transwestern Development Co. will break ground in June on the Indie Apartments, a micro-unit community at 1648 E. Sixth St. in Austin. Transwestern Development Co. will construct the 139-unit community with a 2,500-SF restaurant in East Sixth, a thriving entertainment district just east of downtown Austin. The 55,814-square-foot property will have 350-SF studio units and 520-SF, two-bedroom units. ... Read More »

Commercial Development Begins in Midway’s Memorial Green with Six Tenants Signed

HOUSTON – Midway, a Houston-based real estate development and investment firm, has signed six commercial tenants in Memorial Green, an upscale village of custom homes, shops and office space on Memorial Drive in west Houston. Memorial Green will feature 91 single-family luxury urban homes, a central green plaza and gated community parks, 50,000 square feet of Class-A office space with ... Read More »

Dallas’ Hot Market: The Q&A with Arch-Con’s Robert Martin

For nearly two decades, Arch-Con Construction, a Texas-based general contractor specializing in commercial design and construction services for real estate developers, building owners, architects, brokers and tenants has had a major presence in Houston. The company currently has some 100,000 square feet of office buildings, eight hotels, more than 2 million square feet of industrial buildings, 750,000 square feet of ... Read More »

Stream Realty Developing 108,000 SF of Retail Southeast of Houston in Pearland

PEARLAND, Texas – Stream Realty has broken ground on the Center at Pearland Parkway II, a 108,000-SF second phase of a power center in east Pearland. The 166,000-SF first-phase of the two-year-old center, located at the northwest quadrant of FM 518 and Pearland Parkway, is 95 percent leased. The Pearland Parkway has significant demographics and buying power, establishing it as ... Read More »

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 »

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