Monday , 21 January 2019
Breaking News

2018 Was Best Year Ever for Houston Home Sales

HOUSTON – (Realty News Report) – Houston had its best year ever for home sales in 2018, as strong job growth rocketed Houston housing to a new high. The Houston Association of Realtors reported 82,177 single-family home sales in 2018. It was the first time annual sales ever cracked the 80,000-sales barrier. Last year’s sales performance represented a 3.7 percent ... Read More »

NAI Partners Expands to Florida

HOUSTON – (Realty News Report) – Agellan Management Limited Partnership selected NAI Partners’ Landlord Services Division to be the exclusive managing agent for its Tampa and Sarasota, Fla.-area industrial portfolio. This is Houston-based NAI Partners’ first property management assignment outside the state of Texas. The three industrial properties total just under 2,000,000 SF. They are  6100 McIntosh Road (906,449 SF) ... Read More »

Crow Buys Greenway Plaza Area Building for New Residential Project

HOUSTON – (Realty News Report) – The old Southwestern Bell building on Weslayan near West Alabama has been sold for a multifamily development by Trammell Crow Residential. The building, a 400,000-SF structure, was built in the early 1970s. It was built on a 9-acre tract connected to Kenneth Schnitzer’s famous Greenway Plaza assemblage. Trammell Crow Residential is expected to brand ... Read More »

Gibbs & Bruns Law Firm Leases Space at 1100 Louisiana

HOUSTON – (Realty News Report) – Colvill Office Properties has closed on a 40,836-SF, long-term office lease renewal to Gibbs & Bruns, LLP at 1100 Louisiana, a 1,265,332-SF Class A office building in downtown Houston. Gibbs & Bruns, a litigation boutique engaged exclusively in high-stakes business and commercial litigation, has occupied the two full floors since 1999. In 2017, the ... Read More »

2018 was a Record Year for Warehouse Construction in Houston, CBRE Reports

HOUSTON – (Realty News Report) – Houston’s warehouse construction hit an all-time high in 2018, CBRE reported. The boom erupted as retailers leased huge distribution centers while demand was strong for industrial real estate related to petrochemical and the oil and gas industry near Port Houston. CBRE reported 16.3 million SF on industrial construction starts in Houston in 2018. The ... Read More »

Q&A with Ric Campo: Houston’s Downtown and the Multifamily Market

HOUSTON – (Realty News Report) – With new multifamily developments on the drawing boards, planned new office towers and ever-expanding green space, downtown Houston has changed dramatically over the past several years. One of the people responsible for these changes is Ric Campo, CEO of Camden Property Trust. As chairman of Houston First for a dozen years, Campo helped spearhead ... Read More »

Vista Acquires Land for Katy Development

HOUSTON (Realty News Report) – The Vista Companies acquired a parcel of land near the intersection of I-10 and Cane Island Parkway, in Katy for future development. Vista’s development plans were not finalized at the time of acquisition, according to Brent Mann, Executive Vice President of Vista Equities Group. The area has strong growth potential and many major retail organizations ... Read More »

Vista Cos. Acquires West Houston Site for Retail Development

HOUSTON – (Realty News Report) – Vista Greenhouse Ltd., a real-estate investment partnership sponsored by The Vista Companies, has acquired a 2.5 acre tract at the intersection of Greenhouse and Park Row in West Houston for the development of a 26,000 SF specialty retail center. Construction is scheduled to begin in January on the retail center, called The Plazas at ... Read More »

Shannon Cobb Evans Sworn-in as 2019 Chair of Houston Association of Realtors

HOUSTON — (Realty News Report) — Shannon Cobb Evans of Heritage Texas Properties has been named chair of the 2019 board of directors of the Houston Association of Realtors. John Nugent of Re/Max Space Center was named chaiman-elect of the 39,000-member HAR. The swearing-in of the new HAR board was held at the association’s Celebration event at the Houston Country ... Read More »

Energy Corridor Office Project Acquired

HOUSTON – (Realty News Report) – Next Investments, LLC, thru a private placement offering, has acquired 11777 Katy Freeway, a 120,520-SF office park located on Interstate 10 in Houston’s west office submarket marking their first multi-tenant office building acquisition. Payton Indermuehle and Todd Jurek of Keen Realty Group, LLC represented the Buyer. The Seller, Dornin Investment Group, was self-represented. Financing ... Read More »

A New Twist on Space Sharing

HOUSTON – (By Dale King, Realty News Report) – Science fiction fans may think of space as the final frontier. But on Earth, unused or underutilized space in an office or warehouse can be a waste of money. SpaceShare provides a peer-to-peer platform that helps tenants, individuals and companies share unused space and amenities. The service can be found on ... Read More »

560,000-SF Industrial Project Announced for North Houston

HOUSTON – (Realty News Report) – A 35-acre site in North Houston has sold to Davis Commercial Development for a 560,000-SF distribution project. Davis Commercial Development will design and construct Cypress Preserve Logistics Center, a new industrial park encompassing two cross dock buildings and two single-tenant buildings. The park is located on Cypress Slough Drive near the intersection of the ... Read More »

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