Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Avera Construction recently broke ground on a 30,000-SF warehouse on a 7.2-acre site in Deer Park, less than 10 miles from the Port of Houston. The project is a design-build for Atlas Copco Rental LLC, a Swedish manufacturer of industrial tools and equipment. The single-story metal building will include office space and an extensive ... Read More »

DALLAS – (Realty News Report) – Uber Technologies, Inc., the ride hailing service, will open an administrative hub in Dallas that will have 3,000 employees, the company announced.. The Uber facilities will be located in the Epic mixed-use development on Elm Street in the Deep Ellum district in downtown Dallas. The 8-acre project is developed by Westdale Real Estate, KDC, ... Read More »

HOUSTON – (By Dale King, Realty News Report) – It’s a bird; it’s a plane; it’s a super commuter. These are the brave souls who travel 90 minutes or more getting to work. And that’s just the one-way segment. Nationally, 2.9% of workers are super commuters – long riders aboard cars, buses, trains and other modes of transport, says a ... Read More »

HOUSTON – (Realty News Report) – Douglas Elliman, Texas, a newly minted and strategic joint venture between New York-based residential real estate brokerage Douglas Elliman and Houston-based Sudhoff Companies, pairs the former’s national reach of integrated services with the latter’s Texas condominium market expertise. In an announcement, details of the partnership indicate Sudhoff will operate “under the umbrella” of Douglas ... Read More »

HOUSTON – (Realty News Report) – Pulte Homes is planning an 11-acre, gated townhome community called Avondale on Main Street, just south of Loop 610 near the Astrodome. The Pulte site is located at the corner of South Main and West Bellfort, near the property that was once considered for a data institute by the University of Texas. Pulte’s Avondale ... Read More »

SUGAR LAND, Texas – (Realty News Report) – CBRE and MARCEL announced several new tenants for the Marcel District, a 68,785-SF mixed-use development adjacent to Johnson Development’s Riverstone master-planned community in Sugar Land. The Marcel District development includes 14,515 SF of Class A office space which was leased by Apex Executive Suites, a co-working space concept by MARCEL. The Marcel ... Read More »

HOUSTON – (Realty News Report) – Nickson Spell Road Industrial Ltd. will develop a 30,000-SF office-warehouse in the Tomball Business and Technology Park in north Houston. The spec project will be located on a 2.9-acre tract of land near Spell Road and Hufsmith Kohrville Road in the Tomball community in Harris County Tom Condon Jr., senior vice president in The ... Read More »

HOUSTON – (Realty News Report) – NAI Partners recently arranged a 41,866-SF industrial lease for Henry Avocado Corporation at 4300 Windfern Road in Houston. NAI Partners’ Darren O’Conor and John Ferruzzo represented the tenant in the transaction. Based in Escondido, Calif., Henry Avocado Corporation is a year-round grower and distributor of Hass Avocados with sales offices in Fullerton, Calif., San ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – With almost 9,000 homes sold, July was the best month ever in Houston real estate history, the Houston Association of Realtors reported. The association reported 8,953 single-family homes were sold in July. That shattered the previous record month – July of 2018 when 8,385 houses were sold. “Real estate ... Read More »

HOUSTON – (Realty News Report) – Occidental Petroleum is reversing its decision to move its headquarters to the Energy Corridor and will sell the property instead, a company official has confirmed. OXY Chief Financial Officer Cedric Burgher, speaking at a energy conference in Denver, said the Houston-based will sell the 62-acre campus, which has over a dozen low-rise buildings with ... Read More »

HOUSTON – (Realty News Report) – Panattoni Development Company and its equity partner, MetLife Investment Management, have begun construction on a new 642,994 SF warehouse at 10575 Red Bluff Road in Pasadena, near the Port of Houston. JLL’s Richard Quarles, Jarret Venghaus and Mark Nicholas will lease the facility on behalf of the partnership. Construction on the building, named Bayport South, ... Read More »

RICHMOND, Texas – (Realty News Report) –  NewQuest Properties will break ground soon on 200,000 SF of class A retail space, the first phase for the Grand at Aliana, a regional commercial development along the Grand Parkway near the Aliana master planned community. NewQuest’s newest development will sit on 57 acres at the northeast corner of the West Airport Boulevard ... Read More »