Realty News Report Covering Commercial and Residential News
HOUSTON — (Realty News Report) – Texas Tower, the 47-story office tower under construction on the former Houston Chronicle block has been pre-certified LEED Platinum for its sustainability achievements, according to the building’s developers, Hines and its partner Ivanhoé Cambridge. The one-million-SF office tower in the 800 block of Texas Avenue kicked off construction earlier this year. Already 33% leased, ... Read More »
Clay Development Starts Another Spec Warehouse Project – It’s 525,000 SF
HOUSTON – (Realty News Report) – Clay Development & Construction Inc. has broken ground on the 525,000-SF Kennedy Greens Distribution Center I in north Houston near Beltway 8 and Bush Airport. Clay, a Houston firm led by Robert Clay, now has four spec projects, totaling 1.8 million SF, underway in Houston. The l Kennedy Greens project is on JFK Blvd. ... Read More »
Proof that Houston is not Flat: a Knockout Redesign and Achievement in Landscape Planning
HOUSTON – (Realty News Report) – Houston is flat. Or is it? A newly re-designed, recently completed and just reopened ravine trail system within Houston Arboretum & Nature Center features elevation changes not typically seen in the Houston area. The project site’s natural landscape – considered a native riparian ecosystem — is located in the northwest corner of The Arboretum’s ... Read More »
Why Did Northridge Capital Make a Huge Office Acquisition in North Houston?
HOUSTON – (By Ralph Bivins, Editor of Realty News Report) – One of Houston’s biggest office deals of 2019 was completed with an investment narrative based on need of corporations to attract and retain talent, says an acquisitions executive for Northridge Capital LLC. Northridge Capital, based in Washington, DC, recently acquired the new HP Plaza, a 378,000-SF office development in ... Read More »
Impacting an Office Market: Chevron’s $33 Billion Acquisition of Anadarko – Could it Create More Vacancy?
THE WOODLANDS – (Realty News Report) – Chevron Corporation’s move to acquire Anadarko Petroleum for $33 billion could have some aftershocks on the Houston real estate market. Anadarko occupies a lot of office space in The Woodlands – two major towers named after iconic company leaders – the 32-story Allison Tower and the 31-story Hackett Tower. The buildings are on ... Read More »
Loop 610 Tract Sold
HOUSTON – (Realty News Report) – A self-storage operator has acquired a 6.2-acre tract on Loop 610 North near The Heights, according to the Avison Young commercial real estate firm. The site had been used as the printing plant for Greensheet, a “shopper” publication specializing in classified ads since 1970. The 40,000 SF of industrial space at 1690 North Loop West, ... Read More »
Realty News Report’s Swankienda Spotlight: A $6 Million Spec Mansion on Inwood Drive in River Oaks
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Whisper the name “Inwood” and longtime Houstonians remember as the River Oaks address for the city’s luminaries and leaders like the late George R. Brown, his brother Herman Brown, who lived two doors down, legal giant Leon Jaworski, and Joanne Herring, when she was married to Bob Herring, Chairman ... Read More »
Avenue Center Breaks Ground On Community Resource Center; Promotes Affordable Housing
HOUSTON – (Realty News Report) – The Avenue non-profit organization has broken ground on Avenue Center, a new mixed-use community resource center in Near Northside of Houston. Construction was kickstarted by a $1 million gift from the BBVA Compass Foundation, which will create opportunities for Avenue’s comprehensive homebuyer education and counseling programs at Avenue Center. “We are delighted to commence ... Read More »
Tampa Multifamily Investor Buys 2,284 Texas Apartment Units
HOUSTON – (Realty News Report) – American Landmark, a Tampa. Fla.-based multifamily owner-operator, has acquired a six-property multifamily portfolio located in Texas’ major metro areas. The portfolio includes multifamily assets in Houston, San Antonio, Austin and Irving, totaling 2,284 apartment units. The acquisitions bring American Landmark’s Texas portfolio up to 33 properties. The company currently owns and manages approximately 25,000 ... Read More »
Realty News Report’s — People in Real Estate
HOUSTON – NAI Partners has hired Travis L. Rodgers as Executive Vice President. In this newly created position, Rodgers will be working closely with Managing Partner Jon Silberman and will have responsibility for overall executive management of both the operations and revenue management, and growth of the firm. Previously, he was with Whitestone REIT. HOUSTON – Eric Lestin, a retail leasing expert, has been ... Read More »
The Food Hall Explosion: Chefs are the Hottest New Amenity for Skyscraper Owners
HOUSTON – (By Ralph Bivins, Realty News Report) -Ancient Houstonians may remember when Sharpstown Mall on the Southwest Freeway opened a new-fangled food court. Food courts, with their lineup of fast-food chains and the hideous odor of deep-fat fryers brimming with broiling grease, still exist. But you don’t hear the words “food court” much anymore. Everybody is talking about the ... Read More »
Marcel Group Breaks Ground on Fort Bend MXU Project
SUGAR LAND, Texas – (Realty News Report) – A 63,000-SF mixed-use project, called Riverstone Town Center, is under development in Fort Bend County by The Marcel Group, a Woodlands-based firm led by Vernon Veldekens. The project, located near the corner of University Blvd. and LJ Parkway, will have 41,875 SF of retail and restaurant space and 27,000-SF of office, according to ... Read More »
