Monday , 16 September 2019
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66-Story Project Underway in Downtown Austin

AUSTIN – (Realty News Report) – Construction work has begun on Austin’s tallest tower, a 66-story downtown building with office, residential and retail space. A partnership of Kairoi Residential of San Antonio and Dallas-based  Lincoln Property Co. is developing the tower, called 6 X Guadalupe. According to Shonda Novak of the Austin American Statesman, the building will have 589,661-SF of ... Read More »

Houston’s Hanover Co. Developing Multifamily in Tyson’s Corner

HOUSTON (Realty News Report)– Houston-based multifamily developer Hanover Co. is developing a  412-unit apartment development with ground-floor retail in Northern Virginia’s Tysons Corner submarket. JLL worked on behalf of Hanover Co. to arrange the joint venture equity partnership with PCCP, LLC. Located in the Washington, DC metro area the project will be situated on a 5.86-acre site at 1500 Westbranch Drive. ... Read More »

Mortgage Rates Hit Lowest Point Since 2016

HOUSTON – (Realty News Report) – Mortgage rates have hit their lowest point since October 2016, with the 30-year fixed-rate mortgage rate averaging 3.49 percent, according to Freddie Mac. The 3.49 percent average  for the week ending Sept. 5, was down from last week when it averaged 3.58 percent. A year ago at this time, the 30-year mortgage averaged 4.54 ... Read More »

“Houston is one of the hottest markets in the US for multifamily investors,” says major CRE Firm

HOUSTON – (Realty News Report) – REEP Equity and Hashem Holdings have acquired the 128-unit Candleridge Park Apartments in Houston – which is a hotbed for investors, JLL said. “Houston is one of the hottest markets in the US for multifamily investors,” said JLL senior vice president  CW Sheehan. “The rental market remains strong thanks to a thriving energy sector, ... Read More »

Houston Inner Loop Retail Strong; While Traditional Retail Malls Evolve

HOUSTON – (Realty News Report) – Inner Loop retail space is tight. Only 70,000 SF of Inner Loop space is vacant, reports NAI Partners. “The flight has been to the Inner Loop,” says Jason Gaines, leader of the retail division at NAI Partners. Inner Loop rents are around $42 per SF. Overall, Houston’s retail center market is good with rising ... Read More »

Midtown Company Leases Office Space in New Mixed-Use Project in The Heights

HOUSTON – (Realty News Report) – The Miller Grossbard Advisors, LLP accounting has signed a lease for 14,000 SF of office space at the M-K-T mixed-use development in The Heights. M-K-T, an adaptive re-use project is currently under construction as a joint venture of Triten Real Estate Partners and Radom Capital, LLC. M-K-T is a collection of adapted industrial buildings ... Read More »

CBRE Opens Its First Hana Coworking Unit (It’s in Dallas)

DALLAS – (Realty News Report) – Hana, a subsidiary of CBRE, has opened its first flagship location, called Hana PwC Tower at Park District in Dallas. The Hana location, within a new development project by MetLife Investment Management and Trammell Crow Co. offers flexible office leasing for large enterprises, mid-tier companies and startups alike. This is the first location for Hana, with ... Read More »

Massive East River Development (8.9 Million SF of Office, Plus Residential) is Set for a Year-End Groundbreaking

HOUSTON – (By Michelle Leigh Smith for Realty News Report) –  What could be Houston’s most transformative urban infill development is going to rise on the eastern edge of downtown. It’s on a waterfront site facing what Houstonians call “a bayou.” Instead of a “bayou” it could have been named “a river.” So the developer of the massive real estate ... Read More »

German Firm Leases Office Space in Energy Corridor

HOUSTON – (Realty News Report) – Oxea, a chemical manufacturer based in Germany, leased 20,700 SF at West Memorial Place, in the Energy Corridor in West Houston. The company plans to relocate its Houston office from the Uptown area to the third floor of West Memorial Place I in September, according to Skanska USA Commercial Development, the developer of the ... Read More »

Star Cinema Grill Grows: Redo in Baybrook; New Outlet in Springwoods

HOUSTON – (Realty News Report) – Star Cinema Grill, a Houston-based dine-in theater group, is starting a major redo of its Baybrook Mall location, even though the theater is only four years old. “While this renovation might seem premature to some, it was important for us to continue to take care of the community that gave this company its great ... Read More »

Mega Merger in Houston Realty: Heritage Texas Properties Now Part of Better Homes and Gardens Gary Greene

HOUSTON – (Realty News Report) – Better Homes and Gardens Real Estate Gary Greene has merged with Heritage Texas Properties, creating one of the largest realty firms in the nation. The Houston company now has 24 offices and 1,300 affiliated agents, becoming one of the top 50 real estate firms in the U.S. The Heritage Texas Properties offices will now ... Read More »

University of Texas is Selling 216 Acres That Were Envisioned by McRaven as Data Institute

HOUSTON – (Realty News Report) – The land that was once envisioned by University of Texas leaders as the home of a large data science institute has been listed for sale. JLL has been retained by The University of Texas System to market the 216 acres, located just south of Loop 610 near the Astrodome. The site is less than ... Read More »

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