Sunday , 20 August 2017
Breaking News

Category Archives: Uncategorized

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 »

49 Texas Warehouses Sold in $1 Billion Deal

HOUSTON – DRA Advisors of New York has paid $1 billion to acquire 49 Texas warehouses and other industrial properties from Cabot Properties of Boston. The 19.8 million SF portfolio includes 25 Houston buildings with a total of 1.7 million SF and 24 Dallas-area buildings with a total of 2.7 million SF. Cushman & Wakefield and Eastdil Secured represented the ... Read More »

Economist Tells Transwestern Houston Crowd: “The Worst is Over”

HOUSTON – After a severe thrashing from a free fall in oil prices, the Houston economy has finally bottomed out and will begin a slow climb upward. “The worst is over for Houston’s energy economy,” said Houston economist Patrick Jankowski of the Greater Houston Partnership. “We are seeing a gradual improvement in oil prices and the rig count.” Jankowski delivered ... Read More »

Black Falcon Energy Leases Sublease Space in Downtown Houston

HOUSTON – Black Falcon Energy leased 17,000 SF at the 717 Texas Avenue tower in a sublease of downtown office space. Contango Oil and Gas Co., the sub-landlord, was represented by Ed Prejean, David Bale and Diana Bridger of JLL. Trey Strake of Cushman & Wakefield represented Black Falcon. Formerly known as Calpine Center, the 717 Texas Avenue tower is ... Read More »

Scroll To Top