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Real Estate Briefs: Houston, Dallas, San Antonio and Austin by Realty News Report

Avera Construction recently broke ground for a 30,000 SF warehouse on a 7.2-acre site in Deer Park, less than 10 miles from the Port of Houston. The design-build single-story metal building featuring office space and workshop is for Atlas Copco Rental, LLC,a Swedish manufacturer of industrial tools and equipment. …………………………………………………… EDGE Realty Capital Markets brokered the sale of Meadow Edge ... Read More »

Return to Normalcy: Houston Multifamily Recovers from Hurricane Harvey

HOUSTON – (By Kyle Hagerty for Realty News Report) – Tens of thousands of Houstonians were displaced after Hurricane Harvey devastated the region, skewing multifamily fundamentals like absorption, vacancy and rental rates for more than a year. Two years out, the multifamily market is beginning to return to normal as steady employment and investor interest continues to bolster the metro. ... Read More »

OXY Selling its 62-Acre Campus (1.4 MSF of Office) in Energy Corridor

HOUSTON – (Realty News Report) – Occidental Petroleum is reversing its decision to move its headquarters to the Energy Corridor and will sell the property instead, a company official has confirmed. OXY Chief Financial Officer Cedric Burgher, speaking at a energy conference in Denver, said the Houston-based will sell the 62-acre campus, which has over a dozen low-rise buildings with ... Read More »

RNR Real Estate Briefs – from Realty News Report

HOUSTON – Spencer Hough and Tip Strickland of Newmark Knight Frank have closed the financing on a 17-building, 220,000-SF industrial portfolio. The flex industrial collection consists of Enterprise Park, a 153,835-SF, 14-building service center in Houston’s southwest industrial submarket and Town and Country Center, a 67,928-SF project in the West Houston/Outer submarket. NKF represented the borrower, CPM Holdings, LLC. The ... Read More »

Arch-Con Breaks Ground on Fort Worth Power Center

FORT WORTH – (Realty News Report) – Arch-Con Corporation is building the Shops at Chisholm Trail, a 35-acre retail development by Street Level Investments. The 215,000-SF power center, which will have a movie theater, is at the corner of Chisholm Trail Parkway and McPherson Boulevard in southwest Fort Worth. The center is in a high-growth area that also draws from ... Read More »

Seniors Housing Breaks Ground in NE Houston

ATASCOCITA – (Realty News Report) – MedCore Partners and TNRG have broken ground on the Fountainwood at Lake Houston, a 190-unit senior living community near the northeast corner of West Lake Houston Parkway and Will Clayton Parkway. Situated just off the shores of Lake Houston and offering premier senior living services to the greater northeast Houston area, Fountainwood at Lake ... Read More »

Remodeling Surging in Houston – And Around the Nation

HOUSTON – (By Dale King, Realty News Report) – The home remodeling market in the U.S. has skyrocketed by more than 50% since the Great Recession of 2007-2009 ended, says a report by Harvard University’s Joint Center for Housing Studies. Houston and its environs have generally mirrored that ballooning pace, said the owners of two local rehab firms. One service ... Read More »

Caldwell Developing 1,200-Acre Community for Over-55 Homebuyers

WILLIS, Texas  – (Realty News Report) – Caldwell Communities has announced plans for a 1,200-acre active adult community in Willis, about 50 miles north of downtown Houston. The community, located just west of I-45 with direct access to Lake Conroe, this  gated residential community, Chambers Creek Ranch, will consist of 3,000 homes specifically designed for those 55 and older. The site ... Read More »

Direct Energy Moving HQ From Greenway Plaza to Houston Center in Downtown

HOUSTON – (Realty News Report) – Brookfield Properties announced that Direct Energy LP has signed a lease for its corporate headquarters at 2 Houston Center, the Class A office tower located at 909 Fannin Street in downtown Houston. Under the terms of the agreement, Direct Energy will have the largest office footprint at 2 Houston Center to date, leasing 105,578 ... Read More »

Energy Company Lease Pushes Hines Downtown Tower to 80 Percent Occupancy

HOUSTON – (Realty News Report) – EnVen Energy Corp. signed an 11-year lease for 57,139 SF at 609 Main at Texas, a 48-story, 1,073,075-SF office tower in downtown Houston. The independent oil and natural gas firm which specializes in  deepwater properties in the Gulf of Mexico, will relocate to the building this fall and will occupy the thirty-first and thirty-second ... Read More »

Wood Partners Building Apartment Community in Houston

HOUSTON – (Realty News Report) – Wood Partners, a national multifamily development firm, is building a 338-unit apartment project on Main Street, near NRG Stadium. The four-story community, constructed in wrap configuration around a parking garage, will be complete in the spring of 2020, Wood Partners said in a press release. The developers say the community – called Alta Med ... Read More »

Nicholas Residential Buys 2,115 Houston Apartment Units

HOUSTON – (Realty News Report) – Nicholas Residential, a Dallas-based real estate investment firm, purchased the Beltway Portfolio, a collection of six multifamily properties located throughout the Houston area totaling 2,115 units. Justin Shuart and Jason Pumpelly, with Cushman & Wakefield’s Equity, Debt and Structured Finance team in Dallas, arranged the equity on behalf of Nicholas Residential. The seller was ... Read More »

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