Sunday , 22 January 2017
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Post-Obama Viewpoints: Sustainability is Not Dead

ORLANDO – Despite the election results from last November – which suggests that half the American people are indifferent — sustainability is not dead. “It may be dormant, it may be hibernating, but it is not dead,” Ron Jones, president of Green Builder Media told a crowd of about 200 at the 2017 Sustainability Symposium in Orlando. Monday’s program by Lake City, Colo.-based Green Builder Media, LLC, the ... Read More »

Atlanta REIT Sells Three Houston Buildings for $272 Million

HOUSTON — Columbia Property Trust has sold three Houston office properties to Spear Street Capital for $272 million. The buildings, which total approximately 1.2 million SF, include 5 Houston Center, Energy Center I, and 515 Post Oak Boulevard. While our Houston properties have been strong performers over the years, we have shifted our focus to select high-barrier markets as we ... Read More »

Skanksa’s New Downtown Tower Solidifies Firm’s Houston Activity: Q&A with Skanska’s Matt Damborsky

HOUSTON – Bank of America is poised to become an anchor tenant in Skanska’s proposed Capitol Tower office building in downtown Houston, where vacancy rates have been rising and Hines is delivering a new 1 million SF tower in the first quarter. The Skanska site is bounded by Capitol, Rusk, Milam and Travis streets. The foundation for the new tower ... Read More »

Realty News Report’s Legends of Real Estate Awards: Texan of the Year – John Goff, Crescent Real Estate

THE LEGENDS OF REAL ESTATE AWARDS 2016 – Ralph Bivins, editor of Realty News Report, has selected the most significant people, projects, deals and ideas of the Houston real estate market for 2016. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments. LEGEND: TEXAN OF THE ... Read More »

Retail Center Planned for Kingwood

HOUSTON – NewQuest Crosswell has announced plans to develop a 150,000-SF retail center on U.S. Highway 59 in the Kingwood area, northeast of Houston. The project is planned for a 35-acre tract near Kingwood Parc Drive, between Loop 494 and Highway 59. The center is expected to have a number of restaurants and a 100,000-SF grocery anchor. Houston-based NewQuest Crosswell ... Read More »

Spec Office Building Under Construction in Austin’s Domain Project

AUSTIN – Construction has begun on an 11-story, 310,000-SF spec office project in The Domain mixed-use development in north Austin. Austin-based Stonelake Partners is developing the building in partnership with HPI Real Estate. The office project, scheduled for completion in 2018, was designed by BOKA Powell architecture. In a separate deal in The Domain, Tier REIT of Dallas has acquired ... Read More »

Realty News Report’s Legends of Real Estate Award: Redevelopment of the Year – Allen Center, Paul Frazier of Brookfield Property

THE LEGENDS OF REAL ESTATE AWARDS 2016 – Ralph Bivins, editor of Realty News Report, has selected the most significant people, projects, deals and ideas of the Houston real estate market for 2016. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments. LEGEND: REDEVELOPMENT OF THE ... Read More »

THE BUSINESS CASE FOR NATURAL DRAINAGE SYSTEMS IN HOUSTON AREA LAND DEVELOPMENT PROJECTS

HOUSTON – (By Michael F. Bloom, P.E.) – Houston area developers have traditionally used concrete parking areas, concrete streets, and pre-cast concrete storm sewer systems to convey rain water quickly and efficiently to “end-of-pipe” detention basins.  From there, the collected rainwater is discharged into nearby streams or bayous at a restricted rate to avoid downstream flooding. Developments are typically disconnected ... Read More »

Dallas REIT Buys Two Houston Apartment Complexes for $108 Million

HOUSTON — NexPoint Residential Trust, a Dallas-based REIT, bought two Houston apartment complexes for $108 million. The REIT bought the 734-unit Old Farm Apartment Homes at 2500 Old Farm Road for $84.7 million or $115,000 a unit. The seller was CBRE Global Investors. NexPoint also purchased 190-unit Stone Creek at Old Farm Apartments, 8585 Woodway Drive from Greystar for $23.3 ... Read More »

Realty News Report’s Legends of Real Estate Awards: Deal of the Year – Parkway, Jim Heistand

THE LEGENDS OF REAL ESTATE AWARDS 2016 – Ralph Bivins, editor of Realty News Report, has selected the most significant people, projects, deals and ideas of the Houston real estate market for 2016. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments. LEGEND: DEAL OF THE ... Read More »

60-Year-Old Earthman Funeral Home in Bellaire Sold for Redevelopment

BELLAIRE, Texas – The United Equities firm of Houston has acquired the Earthman Funeral Home property in Bellaire and an adjoining retail center. The 10,500-SF funeral home building, located at 6700 Ferris, just north of Bissonnet Street, is being redeveloped. Doug Freedman of United Equities said two tenants have leased space in the former Earthman building: Define workout and yoga ... Read More »

Future Trends in Houston Real Estate: Q&A with Mark Sikes of Deal Sikes & Associates

Houston economy is moving toward a recovery as oil prices rise and activity ticks up in the oil fields. The city’s continued population growth creates traffic issues and pressures city leaders to consider public transit solutions. Many institutional investors spurn the Houston office market, which faces rising vacancy rates. Houston’s single-family market shows remarkable strength while upscale multifamily struggles. Real ... Read More »

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