Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – New hotels are being built in Houston faster than you can say: “No Vacancy.” Houston has 152 new hotels (a total of 15,846 rooms) in the development pipeline, according to Rahul Bijlani, senior vice president of the CBRE Hotels group. Not all of the 152 proposed hotels will actually break ground, but many are ... Read More »

HOUSTON – (Realty News Report) – The Astrodome played an important role in the development of Space City and Houston’s reputation as a can-do city. The Astrodome – formally named the Harris County Domed Stadium – opened in 1965. For decades, it was the home of the Houston Astros, the city’s winning team which is currently competing in the American ... Read More »

HOUSTON – (Realty News Report) – Fidelis Realty Partners, a Houston retail center developer, has acquired an 885,000-SF portfolio of three retail properties in Texas. Chris Gerard, Mark Witcher and Blaine Dozier of CBRE represented the seller, InvenTrust Properties. The portfolio includes the 272,535-SF Riverstone Shopping Center in Missouri City; the 370,367-SF Victory Lakes Town Center on the Gulf Freeway ... Read More »

HOUSTON – (Realty News Report) – An affiliate of Hanover Co., a Houston firm that develops high-rise apartment towers, is acquiring a 4.5-acre site near Buffalo Bayou Park, just west of downtown. The site, 3540 West Dallas, will be acquired from the City of Houston for $30.6 million after being listed by David Cook of Cushman & Wakefield. The property, ... Read More »

HOUSTON – (Realty News Report) – BP Lower 48 has leased 91,000-SF in Skanska’s West Memorial Place II building at 15373 Memorial Drive in the Energy Corridor. The building was one of many properties that suffered damage in Hurricane Harvey last year. BP Lower 48, which moved its headquarters last month to a new Trammell Crow building in Denver, is ... Read More »

HOUSTON – (Realty News Report) – MetroNational has sold three suburban Houston office properties totaling 230,506 SF. The properties are located at 2930 West Sam Houston Parkway, 10401 Centrepark Drive and 15150 Memorial Drive. HFF’s Dan Miller and Trent Agnew procured three separate buyers for the buildings.  2930 West Sam Houston Parkway was purchased by Amerix Capital.  Enterprise Holdings, Inc. was ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – On September 7, 2001, Nancy Owens, a much loved and respected legend in the Houston real estate arena, lost her courageous 20-year battle with breast cancer. One of Nancy’s final wishes was to dedicate a large part of her life to the fight against breast cancer and the continued ... Read More »

HOUSTON – (Realty News Report) – Houston is at a cross roads. The office market is still recovering from the energy slump. The energy sector, battered by price fluctuations over the past several years, seems to be stabilizing. The Texas Medical Center, a pillar of the city’s economy, is expanding. What does this all mean for the future? Realty News ... Read More »

HOUSTON – (Realty News Report) – Transocean has leased the entire 300,000-SF Enclave Place building, which has been vacant since construction was completed in 2015 at 1414 Enclave Parkway in the Energy Corridor. The building’s owner, Piedmont Office Realty Trust of Atlanta, was represented by Damon Thames and Connor Saxe of Colvill Office Properties. Transocean was represented by David Bale ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Creating an innovation ecosystem was the focus of the annual meeting of Central Houston, Inc. a 30-year-old collaborative devoted to optimizing opportunities in downtown Houston. On Friday, more than 930 downtown businessmen and women, plus an all-women string quartet converged in the grand ballroom of the Hilton of the ... Read More »

NEW CANEY, Texas – (Realty News Report) – A medical office building is under development in the Grand Texas development in New Caney, northeast of Houston. The developer of the US 59 Medical Office Building is SMJC Global Ltd. Arch-Con Construction is building the 11,000-square-foot, two-story medical office building and Browne McGregor Architects is the architect. The project will be completed in ... Read More »

HOUSTON – (Realty News Report) – Flowing east some 53 miles from Katy through the Port of Houston and Houston Ship Channel into Galveston Bay and onto the Gulf of Mexico Buffalo Bayou has played an important part in Houston’s history ever since the Allen brothers founded the city nearly 200 years ago. The 160-acre Buffalo Bayou Park is one of ... Read More »