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Texas Industrial Items

(Compiled by RealtyNewsReport.com) HOUSTON – Houston’s industrial market delivered 5.6 million square feet of new inventory in the first half of 2014, according to Colliers Houston Industrial Market Research & Forecast Report. Houston’s industrial market remains one of the healthiest U.S. industrial markets; its continued expansion sustained primarily due to the growth in the oil and gas industry, Colliers reported. ... Read More »

Pier I Headquarters Building in Ft. Worth Purchased by Hines

FORT WORTH – Hines, the Houston-based real estate firm, has acquired the landmark Chesapeake Plaza, a 409,977-square-foot, 20-story, office building located on more than 14 acres of land along the Trinity River in Fort Worth’s central business district. Pier I Imports, the décor and furniture retailer, has its headquarters in the building, occupying 313,000 square feet. Hines said the building ... Read More »

Hanover to Develop High-Rise on Kirby Drive in Houston

HOUSTON – Hanover Co. is planning to build a high-rise residential tower on Kirby Drive, just north of West Alabama Street in the Inner Loop of Houston. The project is expected to be more than 30 stories tall and contain more than 300 apartment rental units, according to a report by Nancy Sarnoff in the Houston Chronicle. The tower will ... Read More »

No Surrender: Regency Centers Remains Interested in AmREIT Take Over

HOUSTON – Regency Centers Corp. hasn’t given up on a proposed merger with AmREIT of Houston. The two firms are shopping center REITs and AmREIT has significant realty holdings in the Uptown area of Houston. Last month, Regency made a bid to acquire Houston-based AmReit for $22 per share or $433 million. But AmREIT rejected Regency’s bid. However in a conference ... Read More »

RNR Apartment Briefs

Compiled by RealtyNewsReport HOUSTON – Morgan Group is building a 322-unit apartment complex at the corner of Washington Avenue and T.C. Jester in the Inner Loop of Houston. Morgan, and co-developer LCB Holdings, will operate the project under the Pearl brand name. The five-story project will have one-, two- and three-bedroom units, ranging from 652 to 1,443 square feet, built over ... Read More »

The Woodlands, Part 2: Woodlands Developer Buying 2,000 Acres for Community 13 Miles North of The Woodlands

THE WOODLANDS, Texas – The developer of The Woodlands is buying 2,000 acres for a sequel to Houston’s largest master planned community. The site, where home sales will begin in 2016, is 13 miles north of The Woodlands on the west side of Interstate 45 near League Line Road and the Conroe community. The owner of The Woodlands, Dallas-based Howard ... Read More »

New $76 Million, 110,000-SF Greater Houston Partnership Building is Underway

HOUSTON – The Greater Houston Partnership has announced plans for a new $76 million 110,000-square-foot headquarters office building and parking garage adjacent to the city’s convention center. The Partnership will occupy the top two floors of the downtown facility, which will be built on a parcel bounded by Rusk, Capitol, Avenida De Las Americas and U.S. 59. The project’s 1,900-space ... Read More »

Phillips Edison Purchases Retail Center in NW Houston

HOUSTON – Phillips Edison and Co., which specializes in grocery-anchored centers, purchased Spring Cypress Village, a 101,371-square-foot, grocery-anchored retail center in northwest Houston. HFF marketed the property on behalf of the seller, Delaware Life Insurance Company, formerly known as Sun Life Assurance Company of Canada (U.S.), through its advisor, Guggenheim Partners. . Spring Cypress Village is situated on 15.69 acres at ... Read More »

RNR Apartment Briefs

Compiled by RealtyNewsReport.com HOUSTON – Stanmore Partners, a real estate development and investment firm based in Houston, Texas has broken ground on a 264-unit multifamily development in Kingwood,  a suburb on Houston’s northeast side. Ravella at Kingwood Apartment Homes, located at 25710 Loop 494 (at Northpark Drive), will be a two and three story Class-A multifamily rental community situated within ... Read More »

Colliers: Houston Retail Vacancy at All-Time Low

HOUSTON – Houston’s retail vacancy hit a record low in the second quarter, according to Colliers International. Vacancy was 6.3 percent in the second quarter, down from 6.8 percent a year earlier. Houston’s retail market posted 1.2 million SF of positive net absorption in the second quarter. Some of the tenants who opened new locations during the quarter include Whole ... Read More »

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