Thursday , 23 May 2019
Breaking News

Massive Collaborative Campus for Life Science Research — and a Nifty Place to Live-Work-Play

HOUSTON – (Realty News Report) – TMC3’s collaborative life sciences research campus is pairing two prevailing development concepts – mixed use and live-work-play – as its revised master plan for 37 acres within Texas Medical Center takes shape. And the shape is DNA-inspired. The design is a nod to the innovations and discoveries for a healthier future to come from ... Read More »

Houston Realtors: Best April Ever for Home Sales

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – April 2019 was the strongest April ever for Houston home sales as 7,586 single-family homes were sold, according to the Houston Association of Realtors. The April sales total represented a 7.8 percent increase  over April of 2018, the association said. “April sales are historically strong in Houston because buyers ... Read More »

Texas a Major Player in Nation’s Warehouse Construction Boom: Avison Young Report

HOUSTON – (By Kyle Hagerty for Realty News Report) – Across the nation, logistics-focused industrial facilities can’t be built fast enough and that’s great news for Texas. The Lone Star State is on the receiving end of a nationwide industrial building boom, accounting for 50 million square feet of the nation’s 274 million square feet currently under construction, over 18% ... Read More »

Wu Buys Houston Shopping Center

HOUSTON – (Realty News Report) – Wu Investments has acquired the Beechcrest Shopping Center, an 89,679- retail center anchored by a local grocery store in Southwest Houston. The center sits on 7.17 acres at 10828 Beechnut, near Wilcrest Street. HFF’s Ryan West, John Indelli, Charles Strauss and Ethan Goldberg marketed the property for the seller, Florida-based Global Fund Investments, LLC. ... Read More »

Realty News Report’s People in Real Estate

HOUSTON – Craig Young has been named Executive Vice President in CBRE’s Valuation & Advisory Services group in the Houston. Jim Patterson has been named a director in CBRE’s valuation group, which handles business lines including valuation/advisory services for infrastructure projects (pipelines, transmission lines, waterlines, roadways, etc.), financing, litigation support, expert witness testimony, development, acquisitions, dispositions, and ad valorem tax matters. THE WOODLANDS ... Read More »

Industrial Building Underway at McCord’s Generation Park

HOUSTON – (Realty News Report) – An industrial building is under construction in Generation Park, a 4,000-acre master planned development along Beltway 8 in northeast Houston, according to McCord Development. The 124,800-SF building is 60% leased, with 49,920 SF available for lease. The project, called Lockwood Business Park is located at 13300 Lockwood Road, is the first for-lease industrial project ... Read More »

Help Wanted: Disruptor for Today’s Home Building Market

AUSTIN – (By Richard Webner for Realty News Report) – Home prices are up. Affordability is down. And the home building industry may need a disruptor to create the housing that matches the demands of the millennial generation, according to industry speakers at a Texas builders conference. Even after rebounding from a scary fourth quarter 2018, the national homebuilding industry faces ... Read More »

Realty News Reports’ Real Estate Briefs

CityPlace, a new, urban, mixed-use district anchoring Springwoods Village, has executed a restaurant lease with Common Bond Cafe & Bakery, owned by Houston-based entrepreneur George Joseph. The shop that will occupy 4,289 SF with a patio on the ground floor should open in the first quarter of 2020. Common Bond was represented by Alan Chodrow and Shane Karstendiek of Chodrow Realty ... Read More »

Honeywell Leases 114,068 SF of Office Space in Westchase

HOUSTON – (Realty News Report) – The Honeywell technology firm leased 114,068 SF of office space in the Westchase District at the CityWestPlace development. CityWestPlace, a four-building campus with 1.5 million SF of office space, is operated by Parkway Property Investments, LLC. Honeywell was represented by Rich Pancioli and John Morris with CBRE. JP Hutcheson led efforts on behalf of ... Read More »

Eric Lestin to Lead Cushman & Wakefield Move Into Retail

HOUSTON – (Realty News Report) – Retail veteran Eric Lestin, formerly of CBRE, has joined Cushman & Wakefield to lead the firm’s newly formed Retail Services Group. Lestin will create a retail tenant representation team and develop other related disciplines. Cushman & Wakefield’s executive vice chairman Tim Relyea said Lestin has “one of the best retail real estate minds in ... Read More »

Alliance Residential Buys Med Center Apartments for $98 Million

HOUSTON – (Realty News Report) – An Alliance Residential partnership has acquired the 474-unit Archstone Toscano apartments in Houston for $98 million. The apartments, 2900 N. Braeswood Blvd., are located near the Texas Medical Center at Brompton Road, just west of Kirby Drive. The project is on the north side of Brays Bayou. The seller was AvalonBay Communities, a REIT ... Read More »

Houston Hotel Listed for Disposition

HOUSTON – (Realty News Report) – A new Houston-area hotel has become a “distressed asset” and is listed to be sold off by CBRE Hotels, according to Rahul Bijlani, senior vice president of CBRE Hotels. Bijlani, speaking at the CBRE press luncheon last week, said the hotel is affiliated with the Marriott chain, but he declined to fully identify the ... Read More »

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