Realty News Report Covering Commercial and Residential News
HOUSTON – (Realty News Report) – Los Angeles-based Stockdale Capital Partners acquired 20 Greenway Plaza, a 433,132-SF Class A “creative” office building located in Houston’s Inner Loop. HFF represented the seller, Principal Real Estate Investors, and procured the buyer. Additionally, HFF placed the seven-year, fixed-rate acquisition loan with Cigna Realty Investors. The HFF investment advisory team representing the seller was led by ... Read More »
Single-Family Investment Activity Hits Record High, Reports CoreLogic
HOUSTON – (By Dale King, Realty News Report) – Investors, speculators and “mom & pop” wheeler-dealers are buying up homes at a record pace either to rent, flip or knock down and rebuild, says a national home purchasing activity report just released by CoreLogic Inc. In fact, the account says the portion of homes in the US market being acquiredby ... Read More »
NIT Industrial Buys Land for Spec Project
BAYTOWN, Texas (Realty News Report) – An entity affiliated with NIT Industrial LLC has acquired 12.8 acres in the Cedar Port Industrial Park for a four-building spec industrial park with 204,000 SF. The tilt-wall buildings will be about 50,000 SF each. Jason Tangen of Colliers International represented the buyer. The seller TGS Cedar Port Partners was represented by Joel Michael ... Read More »
Tallest Skyscraper in Texas to be Sold for $627 Million
HOUSTON – (Realty News Report) – Hines, in partnership with Cerberus Capital, has agreed to acquire the 600 Travis building, a 75-story office property known as the tallest tower in Texas. That’s according to Real Estate Alert, which reported the sales price is around $627 million or $300 per SF. The seller is Prime Asset Management, which is controlled by family ... Read More »
Major Development Proposed for Former Chevron Tract on Loop 610 in Bellaire; But Vision Must Overcome Zoning Hurdles
BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) – A major development is being planned for the former Chevron property in Bellaire. The 30-acre tract shines with potential with frontage on Loop 610. It’s just over a mile from the Galleria. And it’s near hundreds of million-dollar homes. Investor Danny Sheena of SLS Properties recognized the potential and he ... Read More »
Design Competition Launched for Houston Endowment HQ Building
HOUSTON – (Realty News Report) – The Houston Endowment has launched an international design competition for its new headquarters building which be built just west of downtown near Spotts Park and Buffalo Bayou. The 40,000-SF project, which has a $20 million budget, is slated to open in May 2022. The design competition, conducted with Malcolm Reading Consultants, requires an initial response ... Read More »
Crescent/Nuveen Make Move in Charlotte CBD Transformation
CHARLOTTE, N.C. – (Realty News Report) – Crescent Communities, in a joint venture with Nuveen Real Estate, acquired the 101 North Tryon office tower in a Charlotte’s central business district, which is undergoing a transformation. The 20-story Class A building totals 546,878 SF and was built in 1983 and renovated most recently in 2018. “101 North Tryon is a fantastic opportunity ... Read More »
The Largest Nissan Dealership in the World – A Step Toward the South Loop’s Golden Era?
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Central Automotive Group opened a 162,500 SF expansion at its Astrodome-area facility, making it the largest Nissan dealership in the world. The project, located at 2901 South Loop West, covers 16 acres, with a third of a mile fronting the 610 South Loop. The spiffy red, white and gleaming ... Read More »
Fuller Acquires Energy Corridor Office Properties with 11 Percent Occupancy
HOUSTON – (Realty News Report) – Fuller Parkview LLC, an affiliate of Fuller Realty Partners acquired a pair of Class B office buildings in the Energy Corridor. The two-building portfolio, which is 11 percent leased, is located south of Interstate 10. The seller, LNR Partners, was represented by JLL’s Rick Goings, Rudy Hubbard and Kevin McConn, The buildings, called Parkview ... Read More »
Spring Has Sprung: Strongest May Ever For Home Sales in Houston
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Houston Realtors had their best May ever as low mortgage rates and a more ample inventory of homes for sale churned up the housing market. The Houston Association of Realtors reported 8,346 single family homes were sold in Houston in May, up 2.8 percent over the 8,117 sold in ... Read More »
Australian Developer Goes Bold in Midtown Houston: Q&A with Caydon’s Joe Russo
HOUSTON – (By Cynthia Lescalleet for Realty News Report) – With first residents expected July 1 at Drewery Place, Caydon Development’s high-rise apartment building in Midtown, company CEO Joe Russo was in Houston to check the $200 million project’s progress as well as that of the second phase of the Melbourne-based company’s mixed-use development, Houston Laneways. Multi-phased, the project is located ... Read More »
Bayou Greenways 2020 Creating Recreation, Conservation, Connection, Resilience
HOUSTON – (By Cynthia Lescalleet for Realty News Report) – Over the weekend a pair of new hike-and-bike trails officially opened along Sims Bayou in Houston as part of Bayou Greenways 2020. While relatively small in length, the new 1.5-mile and 2.5-mile segments are helping connect Bayou Greenways’ growing network of new and renewed parks, trails and public spaces on ... Read More »
