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CDPQ Makes Investment in Avison Young

Toronto and Montréal, Canada – (Realty News Report) – Mark E. Rose, Chair and CEO of the Avison Young commercial real estate services firm, announced that Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional fund managers, has made a $250-million preferred equity investment to accelerate Avison Young’s strategic growth plan. Avison Young will use the ... Read More »

Downtown Tower Sold

HOUSTON – (Realty News Report) – A partnership between TRC Capital Partners and Amstar America has acquired 1001 McKinney, a, 375,440-SF office building in downtown Houston. The seller, a partnership between Cameron Management and Silverpeak Real Estate Partners, was represented by HFF. At 23 stories, the building is overshadowed by skyscrapers twice its size today.  But when it was built ... Read More »

Buy or Rent? What’s Really Best for Your Bottom Line?

HOUSTON – (By Dale King, Realty News Report) – A trio of professors from two South Florida universities who create a quarterly housing report have offered people in the home acquisition market a riddle — and a possible redirection — in their latest publication. How can a person make more money – purchase a house or rent a residential unit? ... Read More »

Green Building: New Austin Master Planned Community Offers Geothermal Energy

AUSTIN – (By Dale King, Realty News Report) – Whisper Valley, a large planned community under development in the area Austin area, is tapping alternative, sustainable energy sources, including geothermal energy, for all its heat and air conditioning needs. Though Whisper Valley is not the first project to feature sustainable, energy-smart homes, the project’s developer says it is the largest ... Read More »

LBJ Monument to be Built in Downtown Houston

HOUSTON –  (Realty News Report) – A fundraising campaign, kicked off with a $250,000 grant from the Brown Foundation, has started with the goal of creating an 8-foot statue and a monument to honor President Lyndon Baines Johnson. The monument will be located on a tract, called Little Tranquility Park, on a downtown block bounded by Capitol, Walker, Bagby and ... Read More »

The State of the Commercial Real Estate Market, June 5, 2018

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – When Welcome Wilson Sr. put together the money for his first development, Jamaica Beach in Galveston, oil was $2 a barrel, the Texas Railroad Commission controlled the worldwide price of oil and Eisenhower was president. “I was always taught to respect my elders and now I only have one left ... Read More »

The Voice of Master-Planned Experience: Q&A with Ted Nelson, President of Newland Communities

HOUSTON – (Realty News Report) – Over the past several decades, West Houston has enjoyed phenomenal growth. But where is the area headed now? Realty News Report decided to talk to one of the individuals who was involved with the area from the beginning — Ted Nelson, President & Chief Operating Officer, Newland Communities. Nelson, according to the West Houston Association, “continues ... Read More »

Lyric Market Food Hall to Open in New Downtown 327,000-SF Parking Garage

HOUSTON – (Realty News Report) – Jonathan Enav is developing a 31,000-SF food hall in the new Lyric Centre parking garage developed by Hines in downtown Houston. The 800-space garage is being built adjacent to the Lyric Centre office building, 440 Louisiana St. The food hall, called Lyric Market, will open in the fall of 2018 with a bakery, sushi ... Read More »

Houston is Making a Massive Mistake With the Location of the High-Speed Train Terminal

HOUSTON – (Commentary by Ralph Bivins, Editor, Realty News Report) Houston is about to make a huge mistake with the development of its high-speed train to north Texas. The proposed Texas Central 200 mph rail line that will run from Houston to Dallas has a lot of good things about it. The train will be good for transit, good for ... Read More »

REIT Buys Pad-Site Bank Building

HOUSTON – (Realty News Report) – NADG NNN REIT, an investment group that acquires free-standing retail buildings the parking lots of shopping centers, has acquired a Bank of America building on the Katy Freeway in Houston. HFF handled the sale of the 7,568-SF, single-tenant retail building leased to Bank of America’s Hedwig Village branch. The HFF team marketed the property ... Read More »

Two New Tenants Going to Sage Plaza

HOUSTON – (Realty News Report) – Sage Plaza, a 25-story building in Houston’s Uptown/Galleria submarket, has two new tenants, according to CBRE. The 531,000-SF Sage Plaza, 5151 San Felipe at Sage Road, was completed in 1983. Jason Presley and Debbie Wilson of CBRE’s Houston office represented the building owner, Granite Barnhart Sage Plaza, LP, in the leases. The two lease ... Read More »

Namesake Tenant Renews Huge Lease in Iconic Tower

HOUSTON – (Realty News Report) – Williams, one of the nation’s leading natural gas infrastructure operators, has renewed its 353,944-SF lease in Williams Tower, a 64-story office building adjacent to the Galleria. Dave Hanusa, Bonnie Kelley-Dienna and Jason Presley of CBRE’s Houston office represented the landlord, Invesco Real Estate. Ronnie Deyo and Beau Bellow of JLL represented the tenant. Headquartered ... Read More »

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