Sunday , 26 February 2017
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Davis Holdings Buys Midtown Office Building

HOUSTON – Davis Holdings, L.P., an oil and gas, real estate investment firm, purchased a 100-percent leased, 33,000-SF  office building at 1500 McGowen Street in Houston’s Midtown district. JLL’s Louis Rosenthal negotiated terms of the deal on behalf of Davis Holdings. David Husid and Brandi McDonald of Newmark Grubb Knight Frank represented the seller, Skyland Lodge Tract, L.P. “Davis Holdings was attracted to the ... Read More »

Buchanan Street Partners Seeking More Acquisitions, After Buying Houston Office Building

HOUSTON – Duke Realty, a REIT based in Indianapolis, has sold Sam Houston Crossing II, a 160,000-SF office building at 10344 Sam Houston Parkway to Buchanan Street Partners. Duke has been selling off its office properties to focus on industrial real estate. The building, which is 100 percent leased, was purchased by Buchanan Street Partners, which is based in Newport ... Read More »

O’Malley Tells Houston’s Kinder Institute He’s “Open” to Another Presidential Bid in 2020

HOUSTON – (By Michelle Leigh Smith) – Former Maryland Governor Martin O’Malley, mentioned as a possible candidate for president in 2020,  was in Houston Wednesday offering Houstonians a close-up look at data-enhanced governing with a network of cities and universities. O’Malley spoke Wednesday night at the Kinder Institute Urban Research Forum in the Brown Auditorium of the Houston Museum of ... 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 »

Realty News Report’s Legends of Real Estate Awards: Houstonian of the Year

THE LEGENDS OF REAL ESTATE AWARDS 2016 – Ralph Bivins, editor of Realty News Report, has selected the most significant people, projects, deals and ideas of the Houston real estate market for 2016. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments. LEGEND: HOUSTONIAN OF THE ... Read More »

Houston Apartment Association’s State of the Industry: Worst is Over, But Recovery Won’t Be Instant

HOUSTON – Houston’s multifamily industry will have a lackluster 2017 with upscale Class A properties as the weakest sector. That’s the word from the Houston Apartment Association’s State of the Industry breakfast last week. The worst multifamily problem spots are Class A properties in Montrose, Downtown, the Galleria area and the Medical Center area, says Bruce McClenny of Apartment Data ... Read More »

Dallas Firm Buys Houston Multifamily Project

HOUSTON – Dallas-based Westmount Realty Capital has acquired the 257-unit London Park apartments, a Class B garden-style project on Bammel North Houston Road in North Houston. The community, which was purchased from an affiliate of Fairfield Residential Company of San Diego, was built in 1982. Renamed Westmount at London Park, it is 95 percent occupied, says Michael Anderson, senior director ... Read More »

Realty News Report Named Media Partner for Texas Healthcare Real Estate Summit Feb. 24 in Houston

HOUSTON – Registration has opened for Texas Healthcare Real Estate Summit. The conference will be held Feb. 24 in the Texas Medical Center.  The Summit will focus on the convergence of real estate and healthcare and topics related to the design and construction of medical buildings and related financial, technology and legal issues. Click Here for information and registration.  Comment ... Read More »

Atlanta Developer Starting Seven-Story Condo Near Houston’s Memorial Park

HOUSTON – Stolz Partners of Atlanta will break ground shortly on The Sophie at Bayou Bend, a seven-story, 42-unit condominium project on Memorial Drive near Memorial Park in Houston. Designed by Mirador Group and marketed by Sudhoff Cos., the Sophie project has reached 50 percent pre-sold with an average price of $1.8 million. IBC Bank is providing construction financing. “The ... Read More »

Martin Fein to Develop 300 Units Near Lake Houston

HOUSTON – Martin Fein Interests of Houston has acquired 18 acres near West Lake Houston Parkway in northeast Houston for a multifamily development. Fein, a veteran in the multifamily industry, will develop a 300-unit garden-style apartment community on the site, which is across the street from The Groves, a new 1,000-acre master planned community by Crescent Communities of Charlotte, N.C. ... Read More »

Lionstone Value Add Fund Completes $450 Million Raise

HOUSTON – Houston-based private equity investment firm Lionstone Investments has closed the Lionstone U.S. Value-Add Four fund after raising $450 million. Lionstone’s value-add program was launched in 2005. Since then, the firm has invested in and advised on over $4 billion of value-add properties on behalf of university endowments, foundations, family offices, and large public and corporate pension plans. The ... Read More »

Winning Streak Continues: Houston Home Sales Up in January

HOUSTON – Following up on the strongest year ever for home sales in Houston, the winning streak continues in the new year with single-family sales rising in January 2017. The Houston Association of Realtors reported 4,080 single-family homes were sold in January, up 1.7 percent from the 4,011 sold in January of 2016. Last month was the second-best January in ... Read More »

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