Thursday , 17 April 2014
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Hines Developing Tower in Downtown Dallas

DALLAS - Hines, the Houston-based real estate firm, announced plans for a new 23-story office tower in Victory Park in downtown Dallas near the Stemmons Freeway. The 470,000-square-foot building will have prominent visibility along Interstate-35 and include 15 levels of office space with panoramic views of Uptown, Downtown, American Airlines Center, Design District, Trinity River, and the Margaret Hunt Hill Bridge. ... Read More »

Piedmont REIT Breaks Ground on Energy Corridor Office Project

HOUSTON – Piedmont Office Realty Trust will break ground this week on Enclave Place, a 300,000-sf, 11-story office building in the Energy Corridor of west Houston. The office market in the Energy Corridor is exceptionally strong. Class A office space has been hovering around 99 percent occupancy for some time. The Piedmont building will be constructed on a 4.7-acre development ... Read More »

Pearland Apartments Sold

HOUSTON – Inland Real Estate Acquisitions purchased Retreat at Shadow Creek Ranch in Pearland, Texas. The newly constructed, 370-unit apartment complex is located at 2500 Business Center Drive and is adjacent to Shadow Creek Ranch, a master-planned community. Ryan Epstein of CBRE in Houston represented the seller, McCann Realty Partners, in the transaction. Since its completion, the Class A complex ... Read More »

PM Realty Buys Property Near its New High-Rise Near Greenway

HOUSTON – PM Realty Group purchased 2900 Weslayan, a 136,698-sf office building and 20-lane motor bank in Houston’s Greenway Plaza/Galleria submarket. The building is adjacent to a high-rise residential tower PM Realty is developing at 2929 Weslayan. Sitting on a 2.8-acre site, 2900 Weslayan is bounded by Alabama, Weslayan and Essex Streets. 2900 Weslayan is 73 percent leased to tenants ... Read More »

Airtex Distribution Center planned for North Houston

HOUSTON — International Airport Centers, an Illinois-based firm expanding into Houston, is developing the Airtex Distribution Center, a 225,360-sf warehouse property located at 300 West Airtex Boulevard in North Houston, near Interstate 45. Tom Lynch and John Fenoglio with CBRE Houston arranged the financing for the project, which is on a 14-acre site. The Airtex Distribution Center is scheduled for ... Read More »

GreenStreet: New Hotel to be Developed in Downtown Houston

HOUSTON – A new upscale hotel, developed in partnership with the Valencia Group, will be built to create new momentum at the GreenStreet mixed-use development in downtown Houston, according the project’s new owners, Midway Cos. and an investment group led by basketball legend Magic Johnson. GreenStreet, a 570,000-sf project covering four blocks east of Main Street, was formerly the Houston ... Read More »

Transwestern/Ridge JV to Develop Industrial in U.S. and Mexico

HOUSTON — Transwestern Development Co. has entered into a joint venture with the principals from Chicago-based Ridge Property Trust  to expand its industrial development in North America, including Mexico. The joint venture, Ridge Development will focus on the development of warehouse, distribution and manufacturing facilities; the acquisition and development of green-field properties; and the redevelopment of existing buildings and brownfield ... Read More »

Texas Realty Alert: HAR Becoming a Statewide Website for Home Listings

HOUSTON – HAR.com, founded by the Houston Association of Realtors almost 20 years ago, will begin carrying listings of homes for sale across Texas. HAR has signed an agreement with List-Hub to make the Texas listings available in a beta version later this month. The statewide version of the website reportedly will be operating with the “Homes And Realtors” marketing ... Read More »

Houston’s Home Sales in 2014 Will Surpass Record-Setting Annual Sales of 2013

COMMENTARY - Houston home sales hit an annual record in 2013 with 73,232 sales. RealtyNewsReport predicts annual home sales in 2014 will surpass the 2013 total. Houston’s home sales in 2014 will set a new annual sales record. Those who are predicting a slow down are wrong. Job growth, corporate relocation and population growth are exceptionally strong in Houston. Housing supply ... Read More »

Embrey Starts Transit-Oriented Multifamily near Dallas

RICHARDSON, Texas — San Antonio-based Embrey Partners, Ltd. has started construction on GreenVUE, transit-oriented development on Greenville Avenue in Richardson, Texas’ Telecom Corridor, near Dallas. “As the most significant and unique high-tech business concentrations in Texas, Telecom Corridor is a particularly exciting development for us,” said Trey Embrey, president of Embrey Partners. The community is scheduled for completion in 2015 ... Read More »

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