Sunday , 18 November 2018
Breaking News

Sears Redo: Art Deco Store (Vintage 1939) Gains New Life as Heart of Innovation District

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – It seems almost fitting that the stately Sears flagship in Houston’s Midtown – once a do-it-yourselfer’s tool-filled paradise — is now awaiting an overhaul of its own. Shuttered earlier this year, the building will be renovated and repurposed as anchor in an innovation center for tech research and startups that’s ... Read More »

New Retail Center Planned for Fulshear Site

HOUSTON – Capital Retail Properties of Houston is developing a 17,200-SF retail center at FM 1093 and 359 in Fulshear, west of Houston. Gensler designed the center, expected to break ground in the fall of 2019. The developer purchased five acres and will sell pad sites. According to Capital Retail Properties’ Connor Lynch, who is overseeing leasing with associate Jacob Weersing, ... Read More »

The Future of the Home Building Market: Q&A with David Weekley

HOUSTON – (Realty News Report) – Housing starts in the Bayou City are exceptionally strong. According to national research firm Metrostudy, Houston was the second highest volume new-home market in the country; only Dallas/Fort Worth reported a greater number of home starts over th last 12 months. Still, many would be homebuyers are priced out of the market nowadays. What’s ... Read More »

NAR Economist: Rising Interest Rates Not Good for Home Sales, But Won’t Trigger a 2020 Recession

BOSTON –  (Realty News Report) – Mortgage rates are expected to rise in 2019, but a recession in the next 12-18 months doesn’t appear in the cards, said Lawrence Yun, the National Association of Realtors’ chief economist said during the Realtors Conference & Expo here. Mortgage rates, now just below 5 percent will increase to about 5.3 percent in 2019 ... Read More »

Economist Ralph McLaughlin Moves to CoreLogic

IRVINE, Calif. – (Realty News Report) – Real estate economist Ralph McLaughlin, has been named deputy chief economist at CoreLogic, a global property information, analytics and data-enabled services provider. McLaughlin formerly served as chief economist at Trulia and he founded Veritas Urbis Economics. As deputy chief economist, McLaughlin will bring his unique ability to communicate applied research to audiences at ... Read More »

Stream Developing Medical Building on Katy Freeway

HOUSTON – Stream Realty, in partnership with Wellington Development, will develop a 125,000-SF, five-story medical office building at 1001 Katy Freeway in the Spring Valley Village area. The building, the second medical development in Houston for Stream, will be connected to a seven-level garage adjacent to Campbell Road. Kirksey Architecture designed the building, slated to open in spring 2020. “I’m ... Read More »

Hewlett Packard Enterprises to Build New Campus in North Houston

HOUSTON – (Realty News Report) – A 568,000-SF campus will be developed in Springwoods Village for Hewlett Packard Enterprises. The project will break ground in the fourth quarter of next year, joint venture of Patrinely Group, USAA Real Estate and CDC Houston announced CityPlace at Springwoods Village, in north Harris County. This development will house the fourth major corporation to ... Read More »

More Construction at CityPlace Mixed-Use Development

HOUSTON – (Realty News Report) – A joint venture of Patrinely Group, USAA Real Estate and CDC Houston announced 24 Hour Fitness has signed a long-term lease in CityPlace at Springwoods Village, in north Harris County. “24 Hour Fitness is exactly the type of destination we want at CityPlace to make this an 18-hour urban center,” said Robert Fields, president ... Read More »

Houston Ranks Sixth in Immigrant Home Ownership Among U.S. Cities

HOUSTON – (By Dale King, Realty News Report) – Houston ranks sixth among U.S. cities for home ownership by immigrants, according to a report by LendingTree, the online loan marketplace. The U.S. Census Bureau showing that America’s population currently contains the highest proportion of immigrants it has counted in more than 100 years. The information for 2017 compiled by federal ... Read More »

EaDo Property Purchased by Investors

HOUSTON – EaDo Properties LP purchased a 100,000-SF tract with four buildings along the Gulf Freeway at Sampson Street on the east side of downtown, near Coyle Street. The site has excellent redevelopment potential that can capitalize on strong momentum in EaDo, said Fred Ghabriel of Bijjani & Associates, which brokered the sale. The seller was Pinemont Properties. The four ... Read More »

Spaces Co-Working Organization Leases 53,000 SF in Post Oak Central

HOUSTON – (Realty News Report) – Spaces, a co-working provider from Amsterdam, has leased 53,000 SF in Post Oak Central for a co-working facility, located on Post Oak Boulevard, just north of the Galleria. Spaces will occupy the first three floors of Two Post Oak Central, owned by Parkway Property Investments. Spaces will open in the fourth quarter of 2019. ... Read More »

ClearWorth Capital Buys Project, Searching for More Value-Add Multifam in Texas

CONROE, Texas – (Realty News Report) – ClearWorth Capital acquired the 213-unit Redford Park Apartments, a Class B project in Conroe, north of Houston. CBRE represented the seller. ClearWorth is seeking value-add multifamily investments in Texas, said the firm’s Jordan Tabbert, VP of acquisitions. ClearWorth is a Texas partnership led by the principals of Dallas-based Seneca Investments and Houston-based NOI ... Read More »

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