Saturday , 18 November 2017
Breaking News

Another New Apartment Project Opens in Downtown Houston

HOUSTON – (Realty News Report) – Construction is wrapping up for the Allied Orion Group apartment development, Eighteen25, in downtown Houston. The project is designed by Houston-based Meeks + Partners, and includes eight floors of apartments over three levels of parking. It is near the Pierce Elevated and the Co-Cathedral of the Sacred Heart. The new multifamily community, 1825 San ... Read More »

Houston Takes a Nosedive in ULI Rankings of Real Estate Investment Markets

LOS ANGELES – (Realty News Report) – Houston, after being the top real estate market in the nation in 2015, has dropped all the way to No. 60 in the Urban Land Institute’s ranking and evaluation of the nation’s best places for investment opportunity. Seattle earned the top spot. Austin, which had been the leader for the last three years, ... Read More »

Meritage Homes Leases Westchase Office Space

HOUSTON – (Realty News Report) – Meritage Homes of Texas, LLC has leased 22,032 SF at 3250 Briarpark in Houston’s Westchase area. Meritage, based in Scottsdale, Ariz., which sold 1,969 homes in the third quarter is the third-largest home builder in the nation. Transwestern Executive Vice President David Baker of Houston and Associate Jack Scharnberg represented the landlord in the ... Read More »

Report From La La Land: The Dodgers, Astros and the ULI Conference

LOS ANGELES – (By Ralph Bivins, Realty News Report) – “You here for the World Series?” the Uber driver asked me as he guided the car in bumper-to-bumper traffic to Downtown Los Angeles from the airport. “You must be rootin’ for the Astros,” he added, “since you look like a guy from Houston.  Well, sit back and relax.  Traffic is ... Read More »

Supply, Demand and Damage: Hurricane Harvey’s Impact on Real Estate Prices

HOUSTON – (Realty News Report) – How will Hurricane Harvey impact Houston’s real estate prices? It’s been two months since the Category 4 storm hit Texas and dropped 50 inches of rain on Houston. To know exactly how the storm impacted prices, we will have to wait until more flooded properties actually sell, says Houston valuation firm Deal Sikes & ... Read More »

Dallas Investor Buys Houston Building

SUGAR LAND, Texas – Velocis, a Dallas-based private equity real estate manager, acquired Two Sugar Creek, a 143,000-SF office building on the southwest side of Houston. The seller, TA Realty, was represented by HFF. The six-story building, built in 1999, is located off of Dairy Ashford Road, near the intersection of U.S. Highway 59 and U.S. 90. It is 85 ... Read More »

Sweet 16: Hines Acquires PacSun HQ, Its 16th Acquisition in Orange County Since 2011

ANAHEIM, Calif. – (Realty News Report) – Hines, the Houston-based real estate firm, in partnership with funds managed by Oaktree Capital Management, has acquired Pacific Sunwear “PacSun” global headquarters in Anaheim. Hines/Oaktree partnerships have purchased 16 buildings in Orange County since 2011. The 181,000-SF, three-story PacSun building is located at the intersection of Grove Street and East Miraloma Avenue. It ... Read More »

Tilman Fertitta and His New Houston Project: Q&A with Realty News Report

HOUSTON – (Realty News Report) – Galveston-born Tilman Fertitta, who has lived in Houston his entire adult life, has been in the news lately with his $2.2 billion purchase of the Houston Rockets.  But the 60-year old has been a business dynamo for years. He is the sole owner of Fertitta Entertainment which owns not only the NBA’s Houston Rockets, but also the restaurant and hospitality giant Landry’s, ... Read More »

3 Million SF Industrial Project Underway Near Ship Channel in Baytown

HOUSTON – (Realty News Report) – Houston-based Pontikes Development is set to break ground on Port 10 Logistics Center, a rail-served industrial development with 3 million SF of warehouse and distribution space on Interstate 10, near the Houston Ship Channel. The 246-acre development will be located at the southeast corner of Thompson Road and I-10 in Baytown. The first phase ... Read More »

Rice University Supporting Houston’s Bid For Amazon’s Massive Second Headquarters

HOUSTON – Rice University, which controls the old Sears store and almost 10 acres surrounding it in Houston’s Midtown district, is supporting Houston’s effort to secure Amazon’s massive “second headquarters.” Thursday is the deadline for cities to submit proposals to Amazon to secure the $5 billion headquarters, which will have 50,000 employees and 8 million square feet of office space ... Read More »

Permian Basin Trophy Towers For Sale

MIDLAND, Texas – (Realty News Report) – Two office properties, considered key trophy towers in the downtown Midland office market, are being marketed by Colliers International. The two properties, Fasken Center and Frost Bank Tower contain a total of 600,000 SF and have high occupancy rates. The West Texas city of Midland is located in the Permian Basin, home of ... Read More »

Amazon, Hurricane Harvey and a Fairy Tale That Probably Won’t Come True

HOUSTON – (Commentary by Ralph Bivins, Realty News Report) – Houston bleeds from Hurricane Harvey. Some 100,000 single-family homes were flooded along with 300,000 cars. Hundreds of merchants, small businesses and restaurants sustained heavy, possibly fatal, blows to their enterprises. Houstonians are no longer in the emergency room. So we wake up in the recovery room. We open our eyes ... Read More »

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