Thursday , 21 September 2017
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Cypressbrook Development Breaks Ground on Apartments in College Station

HOUSTON – Cypressbrook Development Co. of Houston has broken ground on Ariza College Station, a 266-unit apartment community in College Station, northwest of Houston. The project will be located just east of the Highway 6 bypass off of Harvey Road or State Highway 30 about 2.5 miles west of the Texas A&M University campus. Led by Michael Novelli, Cypressbrook Development, ... Read More »

Apartment Developers Kicking Off Another Round of Construction Starts in Downtown Houston

HOUSTON – Developers are preparing to start building another round of high-rise residential towers in downtown Houston, where apartment vacancy has been rising as hundreds of new units are being completed and put on the rental market. The next two projects to be started are expected to be a 21-story, 271-unit apartment tower by Camden Property Trust and a 40-story ... Read More »

Australian Group Buys Midtown Parcel

HOUSTON – Caydon Property Group of Australia has acquired a 41,000-SF parking lot at Main and McGowen, extending its holdings in Houston’s Midtown area. Caydon is planning to build a 26-story, 357-unit residential tower a block away. Caydon acquired the land from Current Standing Developments, a Houston firm led by Brent Friedman. Friedman’s firm is redeveloping the Mid-Century Modern building ... Read More »

Transwestern’s Kevin Roberts: Entering the New Era of Houston’s Office Market

Mention Houston real estate to an out-of-towner and chances are they’ll ask about empty office buildings in the world’s energy capital. But while the Space City’s office market continues to struggle and there is significant sublease space available, things are not as dire as others would have you believe. To find out some of the bright spots in Houston’s office market, Realty News Report talked with Kevin Roberts, President, Southwest ... Read More »

Full Floor Leased in Greenway Plaza Tower

HOUSTON – FlightAware, an aircraft flight tracking company, has leased 24,500 SF in the Eleven Greenway Plaza office building in the Inner Loop of Houston for its global headquarters. Neil Tofsky, chief executive of Senterra Real Estate Group and Kevin Tofsky, vice president represented FlightAware in the lease. J.P. Hutcheson of Parkway Inc. represented Parkway, which owns Greenway Plaza. FlightAware, ... Read More »

Los Angeles Firm Acquires Houston Retail Project

HOUSTON – Westwood Financial Corp. acquired the Market at Lake Houston, a 102,000-SF retail center in the Atascocita area in northeast Houston. It is anchored by an H-E-B grocery. Rusty Tamlyn and Ryan West of HFF marketed the property, located on FM 1960 East. “This center garnered a wide level of interest, given its strong H-E-B sales and that very ... Read More »

Hines Redeveloping Iconic Building in Ireland

DUBLIN – Hines and the Peterson Group are redeveloping the former Central Bank headquarters building in Dublin. The building, designed by award-winning architect Sam Stephenson in the 1970s, the building was acquired by Hines and Peterson earlier this year, following the Central Bank’s relocation to another location. The new vision for the building and surrounding area sees the creation of ... Read More »

Levcor Refinances New Retail Center with $78 Million from Goldman Sachs

PHARR, Texas – Levcor Inc., a Houston-based development firm led by Larry Levine, has completed a 467,000-SF retail center in Pharr, near the Texas/Mexico border. JLL’s Capital Markets secured $78 million in bridge financing for Levcor’s Pharr Town Center. Goldman Sachs provided the loan, which will be used to refinance an existing construction loan for the retail center, which was ... Read More »

Almost Historic: One of Nation’s First Taco Bell Buildings Sold

BELLAIRE, Texas – One of the first Taco Bell buildings in Texas has been sold. The 1,260-SF building, topped with a red-tile roof, was built in 1967, according to a Harris County Appraisal District record obtained by Realty News Report. The first Taco Bell opened in Downey, Calif in 1962. The chain opened its 100th restaurant in 1967. Today, more than ... Read More »

Houston Home Sales Up 5 Percent in July

HOUSTON – Houston home sales were up 5 percent in July, as 7,440 single-family houses were sold, compared to 7,083 in July of 2016, the Houston Association of Realtors reported. The continued strength of sales virtually guarantees that this year will be the best year for home sales that Houston Realtors have ever seen. On a year-to-date basis, home sales ... Read More »

Spencer Ogden Leases Office Space in GreenStreet in Downtown Houston

HOUSTON – Spender Ogden, a London-based energy, engineering and infrastructure recruitment agency, announced that it is tripling the size of its Houston office and relocating to GreenStreet at 1201 Fannin in downtown Houston. Bill Boyer and Collin Grimes of CBRE represented the tenant. Damon Thames, Connor Saxe and Vince Drake of Colvill Office Properties represented the landlord.  The firm will ... Read More »

Construction Financed for Condo Development in Houston’s Museum District

HOUSTON – Museum Boulevard Condominiums, a residential building in Houston’s Museum District has obtained construction financing, according to Transwestern’s Structured Finance Group. Surge Homes, the developer of the 49-unit project, announced the start pre-sales on the project last year. The condominiums will be located at 4819 Caroline Street, just north of Hermann Park and the Texas Medical Center. Surge Homes ... Read More »

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