Saturday , 22 September 2018
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Missouri City Development in the Pipeline

HOUSTON – (Realty News Report) – Heron Houston Partners LP, led by the Adkisson Group, has acquired 23.3 acres in Missouri City, southwest of Houston. The land will be developed for light industrial use. It is located at the northwest corner of Fondren Road and U.S. 90A. Tom Condon Jr. of Colliers International represented the seller and Travis Land of ... Read More »

Florida Firm Acquires Student Financial Aid Processing Company in Austin

AUSTIN – (By Dale King, Realty News Report) — Campus Management Corp. of Boca Raton, Fla., has completed its acquisition of Education Partners, an Austin-based company whose software platform has helped more than 750,000 students and processed more than $3 billion in financial aid since it was founded in 2013. The transaction is effective immediately, meaning all employees of Education Partners ... Read More »

Landmark Inner Loop Bowling Alley to Be Redeveloped as Southside Commons

HOUSTON – (Realty News Report) – The Palace Bowling Lanes, a 63-year-old building in Houston’s Inner Loop, is being transforming into a mixed-use development. The 80,000-SF redevelopment, to be called Southside Commons, is located at 4191 Bellaire Boulevard, about three miles west of the Texas Medical Center. The bowling alley, which opened in 1955, closed over a year ago after ... Read More »

Chevron Sells Katy Acreage as Former Growth Plans Fade

HOUSTON – (Realty News Report) –  Chevron USA has sold 103 acres at Clay Road near the Grand Parkway to Landmark Industries of Houston. Chevron acquired the property about five years ago during the go-go days of the oil business. The buyer, Landmark, a group affiliated with Kent Brotherton, subsequently sold 78 acres of the property to Indianapolis-based Duke Realty, ... Read More »

Forward Air Leasing 289,200 SF

HOUSTON – (Realty News Report) – Forward Air Solutions, a logistics firm, leased 289,200 SF of industrial space at 18727 Kenswick Drive in Humble. A 132,000-SF expansion will be construction to expand the existing building there. Robert McGee and Chase Cribbs of Lee & Associates – Houston represented the landlord, Adkisson Group. Mike Bauer of Fischer Co. represented the tenant ... Read More »

Downtown Houston’s New Calculus: Q&A with CBRE’s Sanford Criner

HOUSTON – (Realty News Report) – It takes a new calculus to make sense of the office market in downtown Houston today. Even though vacancy rates are high, Hines has just begun construction on a 47-story tower. Skyscrapers that were once held in high esteem may be falling from favor. To learn more about the state of the CBD, Realty ... Read More »

GYS Developing Project in Fulshear

HOUSTON – (Realty News Report) – GYS Development , a firm co-owned by Lee Fredrick, is developing a Fulshear Bend Self Storage, a three-story 105,000-Sf facility in the Cross Creek Ranch development. It will be built on 2.5 acres near FM 1463 and Cinco Ranch Boulevard. GYS was represented by Tommy LeBlanc of Avison Young and Bill Brownfield of Brownfield ... Read More »

Houston at a Critical Stage as it Addresses Flooding, Lionstone’s Tom Bacon Tells CREW

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The City of Houston, as it prepares to spend billions and make important decisions regarding flood management, is at a critical point in its history, says Tom Bacon, co-founding partner of Lionstone Investments of Houston. “We’re in a critical moment,” Bacon said. “We have to spend money in a ... Read More »

Howard Hughes Corp. Buys Woodlands Office Buildings for $53 Million

HOUSTON – (Realty News Report) – Howard Hughes Corp. has acquired two vacant, Class-A office buildings immediately adjacent to its Hughes Landing development in the master planned community of The Woodlands. The company purchased the four- and six-story buildings totaling 257,025 SF with views of Lake Woodlands, along with excess land which allows for the development of an additional office building, ... Read More »

Threats to Houston’s Historic Buildings: Q&A with Minnette Boesel

HOUSTON – (Realty News Report) – For years, Houstonians seemed not to care about the past – especially when it came to buildings. Companies and residents sought the new and real estate developers often replaced buildings with a colorful past with a new structure.  That may be changing with the ‘saving’ of the Astrodome.  Houston Realtor Minnette Boesel has been ... Read More »

Tarantino Properties Buys Apartments in Energy Corridor

HOUSTON – (Realty News Report) – Tarantino Properties bought the 280-unit Ascension on the Bayou, a mid-rise multifamily community located at 150 W. Sam Houston Parkway North in Houston. The Ascension, completed in 2017, is 95 percent occupied. Teresa Lowery, senior managing director of multifamily with Colliers International represented the seller of the community, which is located in the Energy ... Read More »

CBRE to Lease Proposed Tower in Downtown Austin

AUSTIN – (Realty News Report) – CBRE has been retained by Brandywine Realty Trust to lease its planned 25-story office tower, which will have 200,000-SF. The building, currently known as “405 Colorado” will include a first-floor grand lobby and 3,000 square feet of retail space, 12 floors of parking with more than 500 spaces. Located on the northeast corner of Fourth ... Read More »

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