Sunday , 7 February 2016
Breaking News

Category Archives: Uncategorized

2015 was the Best Year Ever in Texas Real Estate History

AUSTIN – Last year was the strongest year ever for home sales in Texas real estate history. Texas home sales rose 4.1 percent from 2014 to 309,090 home sales, the Texas Association of Realtors says. This is the first time that annual Texas home sales have topped 300,000 and it shatters the state sales record, which was set in 2014. ... Read More »

NAI Partners: Sublease Space Supply Up 63 Percent in Houston’s Class A Office Market

HOUSTON – The downturn in the energy business has pushed the supply of sublease office space to more than 8 million SF, more than twice the historic average, according to NAI Partners. Houston’s supply of Class A sublease space is up 63 percent increase since the end of 2014, according to Dr. Nat Holland, chief research and data scientist of ... Read More »

For Our Readers – A Pair of New Year’s Resolutions (Commentary)

To Our Readers: New Year’s Resolutions: It’s not too late to add a pair of resolutions as we proceed into 2016. From: Ralph Bivins, Editor, Realty News Report. LUXURY – Realty News Report will never call an apartment complex “luxury.” It’s an over-used term – big-time. We started using it in the early 1990s after a long apartment construction drought. The ... Read More »

TriGate Capital Purchases North Houston Office Building

HOUSTON – TriGate Capital has purchased Northbelt Office Center II, located at 785 Greens Parkway in Houston. The office building was sold by C-III Asset Management, a special servicer. The two-story building totals 124,000 square feet and is currently 68 percent occupied by five tenants, although one tenant will vacate in mid-2016, moving occupancy to 48 percent. TriGate purchased the ... Read More »

Kimco Sells Louisiana Shopping Center for $24 Million

LAFAYETTE, La. – Acadiana Square, a 244,768-square-foot retail power center in Lafayette, La. has been sold for $24 million. Holliday Fenoglio Fowler (HFF) marketed the property on behalf of the seller, Kimco Realty Corp.  A partnership between DRA Advisors and RCG Ventures LLC purchased the shopping center free and clear of existing debt. “Acadiana Square is the premier retail destination ... Read More »

Realty News Report Awards: The Best Residential Project of the Year

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015 Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the ... Read More »

Regency Place Office Building Sold

HOUSTON – Ardenwood Group purchased the 7207 Regency Square office building in Southwest Houston, near Harwin Drive and Hillcroft Avenue. Located north of U.S. Highway 59, The 52,000 square foot multi-tenant office property is currently approximately 10 percent occupied.  Doug Pack of NAI Partners facilitated the negotiation between the seller, Malladi Partners, LLC and the buyer. The building is near ... Read More »

Renovation Underway at One Riverway Building

HOUSTON – A major renovation project is underway at One Riverway, a 481,000 SF, 25-story office building, north of Houston’s Galleria, directly adjacent to the Omni Hotel at Woodway Drive. Improvements to the building will include new lobby and common area upgrades, new interior elevator cabs and backup generator. Unilev Management Corp., led by Dan and Raymond Levy, owns the ... Read More »

Hotels Cluster Around New Exxon Mobil Campus

HOUSTON – Woodbine Development Corp. and InterMountain Management have opened the 128-room Residence Inn by Marriott Springwoods Village adjacent to the new 3 million-SF Exxon Mobil campus north of Houston. It is the first of four possible hotels slated for the 1,800-acre Springwoods Village, a $10 billion project being developed by CDC Houston, a subsidiary of Coventry Development of New York. ... Read More »

UH Economist Bill Gilmer: A Bumpy Road Ahead, But Houston Should Emerge to Good Job Growth in 2017

HOUSTON – It’s all about oil in Houston right now. The drop in oil prices this time last year continues to send ripples throughout Houston’s economy. At the University of Houston’s Institute for Regional Forecasting Fall Symposium on Thursday economist Bill Gilmer gave an outlook difficult for optimists to swallow, noting Houston is in a serious downturn (not recession) and ... Read More »

Camden Sells Florida Apartment Project for $33 Million

BRANDON, Fla. – Camden Property Trust has sold the Camden Providence Lakes, a 260-unit multifamily property located in the Tampa suburb of Brandon, Florida. Roseview Winn Brandon, LLC purchased the asset for $33 million. The community is a garden-style apartment complex located east of downtown Tampa. JLL Capital Markets announced the deal, which include JLL team members International Director Jubeen ... Read More »

Houston’s Tepid Job Growth Has Not Destroyed Real Estate Markets

HOUSTON – Weakness in the energy industry undermined job growth in Houston in September, with only 6,400 new jobs created, according to the Texas Workforce Commission. “Only a few sectors are creating jobs,” says Patrick Jankowski, senior vice president of research for the Greater Houston Partnership. “We are definitely in a soft patch.” Over the last 12 months, the Houston ... Read More »

Scroll To Top