Friday , 19 January 2018
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Avera Acquires Southeast Acreage for Mixed-Use Land Development

HOUSTON – (Realty News Report) – Avera Companies, a Houston-based commercial real estate development, construction and investment firm has acquired 369 acres from PPG Industries, in a major land play on the southeast side of the Houston area. The site, one of the largest remaining parcels of land in the Port of Houston area, is comprised of two tracts. The ... Read More »

85 Percent Leased: Redo Pays Off for Galleria Office Building

HOUSTON – (Realty News Report) – Galleria Office Tower 1, a 25-story building in Houston’s Galleria, has reached 85 percent occupancy following a major renovation and the signing of two new leases, according to Colvill Office Properties. Colvill Office Properties handles leasing in the 493,456-SF tower, built in the early 1970s as an office component in The Galleria, the mixed-used ... Read More »

Crow’s New Spec Project Reports Strong Leasing

HOUSTON – (Realty News Report) – The new Stafford Grove Industrial Park, a 352,000-SF in Houston’s southwest market, has reached 85 percent occupancy. The spec project, completed in January 2017, is owned by Crow Holdings Industrial. Notable tenants that have signed leases at Stafford Grove include Jackson Supply, Tire Centers, Mester Lighting Corporation, Matrix Metals, QRC Valve Distributors, Chaoda Supply ... Read More »

The Coming Collision: Driverless Cars and Commercial Real Estate

HOUSTON – (By Dale King, Realty News Report) – Driverless cars of the future are on a collision course with office buildings, warehouses and shopping centers. In a newly released study called “The New Industry Driver: How the Rise of Autonomous Vehicles Could Impact Future Real Estate Strategy,” researchers at Houston-based real estate firm Transwestern contend the snowballing potential of ... Read More »

Houston Home Sales Move Past Hurricane Setback as Market Achieves Best November Ever

HOUSTON – (Realty News Report) – Houston home sales remained strong in November as the market shrugged off the shock of Hurricane Harvey and recorded the best November in Houston real estate history. The Houston Association of Realtors reported 6,184 single-family home sales in November, up 7.4 percent over November of 2016. Despite the hurricane, which damaged over 100,000 homes ... Read More »

Dallas Fund Buys 936,608 Square Feet in Houston

HOUSTON – (Realty News Report) – ATCAP Fund I bought a four-property, 16-building Houston industrial portfolio totaling 936,608 SF. The HFF team of Trent Agnew and Rusty Tamlyn represented the seller, Stockbridge Capital Group of San Francisco. “Class B industrial, especially portfolios of scale, continue to generate a tremendous amount of interest due to the lack of competitive supply, pricing ... Read More »

Finding Answers To Houston’s Flooding Problems: Q&A with Patrick Phillips, Urban Land Institute Global CEO

HOUSTON – (Realty News Report) – Houstonians are looking for answers. More than 100,000 homes and hundreds of commercial properties, schools and public performance halls were inundated when Hurricane Harvey dumped 50 inches of rain on the city in late August. Where has Houston failed in managing its drainage system? Should residential development be allowed near flood-control reservoirs? Why is ... Read More »

New Condo Projects Turn On Houston Buyers

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Easy upkeep. Great views. And you’ll never have to worry about flooding. More homebuyers are asking: What’s not to like about condominiums? “Condo sales seem to have picked up quite a bit in 2017,” says Amy Bernstein of Bernstein Realty of Houston. “Harvey played a big part in this, as ... Read More »

San Antonio Multifamily Firm Acquires 352 Units in Houston

HOUSTON – Valcap Group has acquired a 352-unit multifamily community in Katy, west of Houston in an off-market transaction, according to CBRE. The apartment property, The Remington Katy, now known as Luxe at Katy Apartments, is located at 22631 Colonial Parkway. Matt Phillips and Clint Duncan, both Senior Vice Presidents with CBRE in Houston, represented the seller, Conti Street Partners, ... Read More »

Houston and the Flip-Flop of Investor Sentiment

HOUSTON – (Realty News Report) – Fear of the Houston office market intensified about three years ago. The oil price crash whacked the energy companies, which dumped massive amount of office space onto the sublease market. Some office-building owners, like Cousins Properties, decided to hightail it out of town. Houston was an outcast in the capital markets world. Investors stayed ... Read More »

Hines New 32-Story Apartment Tower to Include City’s First “Chef Hall”

HOUSTON – (Realty News Report) – Aris Market Square, the new 32-story apartment tower developed by Hines in downtown Houston, will have the city’s first “chef hall.” The 9,100-SF ground-floor restaurant space, called Bravery Chef Hall, is “an evolution of a food hall and offers fine dining with the speed of counter service,” said Hines. Ziegler Cooper Architects, working in ... Read More »

Capital Retail Properties Develops Retail Center in Spring Area

HOUSTON – (Realty News Report) – Capital Retail Properties is developing the Shops at Spring Village, a 20,800-SF center at 2209 Spring Stuebner Road, near the Exxon Mobil campus. The initial tenants, including Dunkin Donuts, AT&T and Sports Clips, will open in the first quarter of 2018. Capital Retail Properties is a Houston firm led by Eric Walker, Anderson Smith ... Read More »

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