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Realty News Report Editor Wins NAREE Award for Real Estate News Coverage

DENVER – Realty News Report Editor Ralph Bivins has been named a winner in the National Association of Real Estate Editors’ 67th Annual Journalism Awards. Bivins was recognized for his work in social media with tweeting. “A visual buffet of news and features, ranging from office vacancy rates in Houston to the future of the Astrodome, highlighted this entry. The tweeter drew ... Read More »

Nation’s Home Prices of a Rising Trend Amid Tight Supply, Says Harvard State of Nation’s Housing Report

DENVER — After nearly a decade of anemic appreciation, home prices across America are on the rise, fueled by strong demand and lessening supply, according to the State of the Nation’s Housing study by the Joint Center for Housing Studies of Harvard University released Wednesday during the 51st conference of the National Association of Real Estate Editors (NAREE) in Denver. Chris Herbert, the Center’s managing ... Read More »

The Top 10 Issues Affecting Real Estate: CRE Chair Tells NAREE Political Polarization, Immigration Among Big Issues Facing Realty

DENVER – Global uncertainty and political polarization are expected to heavily impact the real estate sector this year and next, according to The Counselors of Real Estate (CRE), the invitation-only professional association for the industry’s real estate advisors. “Real estate is impacted as uncertainty about changes to trade, travel and immigration policy threaten cross-border investing, hospitality properties, retail and manufacturing ... Read More »

Realty Record: May was Strongest Month Ever for Home Sales in Houston – More Than 8,000 Homes Sold

HOUSTON – May was a record-setting month for single-family home sales in Houston as 8,156 houses were sold – the highest monthly sales total in the history of Houston real estate, according to the Houston Association of Realtors. The May sales total represented an 11.5 percent increase over May of 2016, HAR reported. “The Houston housing market had another strong ... Read More »

First Multifamily Deal in Three Years: West Texas Apt. Project Sells as Rig Count Rises in Permian Basin

ODESSA, Texas – A 300-unit apartment project has been sold in Odessa, the first significant multifamily deal in this West Texas oil patch city in three years. Florida-based A&R Management bought the Faundee Ranch Apartments, which were constructed in 2014. The seller was the developer, a Houston-based joint venture between Juniper Investment Group and Ascension. Bart Wickard of ARA Newmark  ... Read More »

Houston Medical Office Portfolio Sold for $58 Million

HOUSTON – Everest Medical Properties, in conjunction with a pension fund, has acquired three medical office properties in Fort Bend County, near Houston, for $58 million. Institutional Property Advisors a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the sale of the portfolio of fully leased medical office properties – Memorial Hermann Surgical ... Read More »

Daikin’s New HVAC Plant – 94 Acres Under Roof, 22 Assembly Lines and a Work Force that May Swell to 6,000 in the Future

WALLER, Texas – (By Dale King) – On a lofty stage, amidst a flurry of confetti, executives from Goodman Global Group, a North American subsidiary of Daikin Industries, Ltd., recently cut a long, blue-and-white ribbon to signal the official opening of its expansive, new indoor heating and cooling systems and refrigerants manufacturing plant here in Waller, a Houston suburb of ... Read More »

7-Story Buffalo Heights Mixed-Use Project Under Construction in Houston

HOUSTON – Midway, a Houston development firm, has started construction near The Heights on a 7-story mixed-use building, anchored by urban-influenced H-E-B grocery. The project, owned by the Gordy family interests, is phase one of the Buffalo Heights District, a new development located on Washington Avenue between South Heights Boulevard and Studemont Street. “We’re marking a significant milestone for Buffalo ... Read More »

Average Monthly Rent for Houston Apartment Down $38 Over Last Year

HOUSTON – (By Dale King) – The average rent for an apartment in Houston has dropped $38 a month over the last 12 months, says a report by the Axiometrics, multifamily data firm. The cost of an average rental unit in Houston was $1,060 a month in March down from the $1,098 recorded in March 2016, the Axiometrics report says. ... Read More »

Houston Investment Firm Buys Tract Near Alamodome

SAN ANTONIO – Rockspring Capital, a Houston-based private equity firm, has acquired a city block of land across the street from the Alamodome stadium near downtown San Antonio. The transaction was one of the largest real estate deals to close near the the stadium since it opened on the east side of downtown in 1993, according to the San Antonio ... Read More »

Bel Furniture Takes Big Transwestern Distribution Project

KATY, Texas – Bel Furniture will open 415,296 SF of new showroom and distribution space at West Ten Distribution Center on Interstate 10 at Cane Island Parkway in Katy, west of Houston. The two-building project includes a 74,793-square-foot showroom and 340,503-SF of  distribution space. The spec project was built by Transwestern Development Co. on 75 acres Transwestern purchased in 2014 from ... Read More »

Proposed San Antonio Tower Will Have No Parking

SAN ANTONIO – REM Hospitality is planning an 18-story hotel and office tower – without parking spaces – in downtown San Antonio. The tower will have 50,000 SF of office space and a 185-room Cambria-branded hotel, the San Antonio Business Journal reports. Anand Bhakta, principal with San Antonio-based REM Hospitality, said the site, which is less than a half-acre, is ... Read More »

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