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SAN ANTONIO — Weston Urban and KDC have selected architectural firm Pelli Clarke Pelli to lead the design of the Frost Tower, Frost Bank’s new headquarters and San Antonio’s first downtown office tower to be built in more than 25 years. Construction of the 400,000-square-foot structure is slated to begin in fall 2016 and should be completed by 2018 or 2019. Pelli Clarke Pelli has designed ... Read More »

Future Sites: Avera CEO Looks Ahead with Optimism at 2017 and Beyond

H.T. “Trey” Odom is president and CEO of Houston-based Avera Companies, a major player in the commercial real estate industry, with industrial development, construction and investment projects in the Houston area, throughout Texas and across the country. Odom founded Avera in 2002. His brother, Lance, joined in 2011 and their father, Hubert Odom, an attorney, came on board to handle some ... Read More »

A Higher Calling: Episcopal Church Seeks JV Partner for 600,000-SF Project in Downtown Austin

AUSTIN – The Episcopal Church is seeking a development partner to develop a 600,000 square-foot mixed-use project on its parking lot in downtown Austin. The church’s site is bounded by East 8th Street, Trinity Street, Neches Street and East 7th Street. The church, which has issued a Request for Proposals, will be represented by the Rev. Canon Lang Lowrey III, ... Read More »

Insite Realty and Urban Cos. Start Office Building in West Houston

HOUSTON – Insite Realty and Urban Cos. have started construction on an office building west of Houston, not far from the Energy Corridor, where office vacancy has been rising. The 124,000 square-foot project will be ready for occupancy in March 2016. The building is Phase II of Grandway West office development near the Grand Parkway. Transwestern paved the way for ... Read More »

NAI Investment Fund I Buys Building for Texas-Focused Fund

HOUSTON – NAI Investment Fund I has acquired a Class B office building in southeast Houston as part of a Texas-focused investment program. NAI has launched an investment fund seeking office and industrial multi-tenant properties in Houston, Austin, Dallas and San Antonio over the next 18 to 24 months, says Rob Evans of NAI. The fund bought the 75,000 square-foot ... Read More »

Retail and Real Estate: The Q&A with Vista Equities Group President Woody Mann, Jr.

  With energy prices in turmoil and layoffs mounting, there is obvious concern in in the Houston real estate industry. Realty News Report talked to Woody Mann, Jr., President, Vista Equities Group about the current situation. Founded in 1985, Houston-based Vista has been involved in the acquisition and/or development of 58 commercial properties with a market value of over $500 ... Read More »

Houston has 36 Office Buildings Under Construction; Tied With New York as a Construction Hot Spot

HOUSTON – Houston has 36 office buildings under construction, according to the second quarter office report by CBRE. Of those three dozen buildings, 11 are single tenant buildings and 25 are multi-tenant. Some of those 36 projects may have been completed in recent weeks, but other new office projects have been announced. Transwestern reported last week that Houston and New ... Read More »

Healthcare and Real Estate: The Q&A with Coy Davidson of Colliers International

Houston is known for two major industries: energy and healthcare. Energy isn’t as dominant as it once was, particularly with the price of a barrel of oil hitting lows that haven’t been seen for years. Not so for healthcare. Coy Davidson, Senior Vice President, Office & Healthcare Services in the Houston office of international brokerage firm Colliers International says growth ... Read More »

Lionstone Joins Forces with Midway to Develop GreenStreet Mixed-Use Project in Downtown Houston

HOUSTON – Lionstone Investments has become part of a partnership with Midway Cos. to develop the 570,000-square-foot GreenStreet mixed-use development in downtown Houston. “It’s an extraordinary time in downtown Houston. The pace of development and capital investment is strong and steady, which underscores Houston’s resilience in the current economy,” said Jonathan Brinsden, CEO of Midway. “Midway and Lionstone have a ... Read More »

Grocer Buys Land in Cross Creek Ranch West of Houston

FULSHEAR, Texas – Grocer H-E-B has acquired 28 acres of land within master-planned Cross Creek Ranch for a new store west of Houston.. The 3,200-acre Cross Creek Ranch  — a project of The Johnson Development Corp. — has set aside 200 acres for retail development. “Fulshear has grown tremendously and is projected to continue its phenomenal growth,” said Rob Bamford, ... Read More »

Crescent’s John Goff Selling Family Lake Retreat in Auction; Historical Note: Goff Closed a $6.5 Billion Deal There

FORT WORTH – John Goff, chairman of Crescent Real Estate Holdings, and his wife Cami, are selling their secluded family retreat on Eagle Mountain Lake northwest of Fort Worth in an auction. The whisper number is $10 million. The Goff’s 6,500-square-foot lakefront home has a 1,500-square-foot guest cabana. Concierge Auctions will auction off the property, on Oct. 8 in conjunction ... Read More »

Austin Group Sells Its 354-Unit Project in Katy, Texas

KATY, Texas — Austin-based Oden Hughes LLC, sold the 354-unit Parkside Grand Parkway apartment community in Katy to EGI International Corp. Completed in 2014, the 14-acre property is just west of Houston, is at the southwest corner of Katy Fort Bend Road and Grand Parkway near Interstate 10. David Mitchell of ARA Newmark  represented Oden Hughes, which focuses on Texas markets, in the ... Read More »

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