Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – The strength of the Texas housing market continued in October with home prices increasing for the second consecutive month, according to the HomesUSA.com. Average new home prices rose statewide to $357,547 in October from $355,821 in September. The Dallas-Ft. Worth market takes top billing with the highest new home price at $374,871 and remains ... Read More »

HOUSTON – (Realty News Report) – Driftwood Hospitality Management, a North Palm Beach, Fla.-based hotel management company, acquired two hotels in Houston’s Greenspoint area:  the 480-room Hilton Houston North and 390-room Marriott Houston North. All rooms and public space will be renovated at the Hilton, 12400 Greenspoint Drive. The Marriott Houston North, 255 N. Sam Houston Parkway East, will go ... Read More »

HOUSTON – (Realty News Report) – HighTower Texas, a Chicago-based investment advisory firm, has signed an eight-year 15,780-SF lease at Five Post Oak Park, 4400 Post Oak Parkway, for its new Texas headquarters. The firm entered the Houston market in April when it acquired Houston-based Salient Partners LP, which was located at 4265 San Felipe. Avison Young Principal Harry Holmes, ... Read More »

HOUSTON – (Realty News Report) – Battered by the downturn in energy prices that began some four years ago, Houston’s Energy Corridor seems to be on an upswing now, even though oil prices remain volatile. Still, there is a significant amount of empty office space in the sector. So, what does the future hold for the Energy Corridor? Realty News ... Read More »

HOUSTON – (By Dale King, Realty News Report) – Chances are if you live in a multifamily dwelling, you’ll hear lots of delivery trucks roaring through your neighborhoods this holiday season. There’ll be a spike in door knocks and doorbell rings and lots of reindeer paws clattering on your roof. Just in time for the holiday delivery season, the 2018 ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – While some of the $3 billion in new construction planned for the next ten years is purely physical at the Texas Medical Center, there are Bio Bridges being built that will be true gateways to new and life-saving treatments. One such path is the TMC-Australia BioBridge, which includes a ... Read More »

HOUSTON – (Realty News Report) – Houston’s multifamily market has been on a roller coaster ride these past 18 months. The market was relatively soft until Hurricane Harvey hit, then much of the multifamily sector vacancy disappeared. Now, as those Harvey renters move back into their homes, Houston’s occupancy scenario is changing again. Yet developers are still building new multifamily ... Read More »

SAN ANTONIO – (Realty News Report) – San Antonio commercial real estate developer Worth & Associates has secured Meritage Homes as the anchor tenant for its new Inwood Village office complex under development in San Antonio. The 77,000-SF office project is currently under construction at 2722 Bitters Road in North Central San Antonio. Meritage Homes leased 16,000 SF in the ... Read More »

HOUSTON – (Realty News Report) – Last month was the best October on record for home sales in an October. The Houston Association of Realtors reported 6,716 homes were sold in October 2018, up 4.7 percent from the 6,417 homes sold in October of 2017. The previous sales record for an October was set in October 2014 when 6,515 single-family ... Read More »

AUSTIN – (Realty News Report) – Newmark Knight Frank completed the sale of three multifamily communities (905 units) in South Austin. NKF vice chairman Patton Jones of the firm’s Multifamily Capital Markets group negotiated the trades. “The south Austin submarket is considered one of the strongest suburban submarkets due to multiple transportation arteries including IH-35, South Congress, South Lamar, and ... Read More »

HOUSTON – (Realty News Report) – With Dallas-Fort Worth ranked No. 1 in the nation, Houston is a real estate market on the rise and “has it all” as cited in the investment market rankings of Emerging Trends in Real Estate 2019 by PwC and the Urban Land Institute. Houston posted No. 37 of 79 U.S. cities, which is a big improvement ... Read More »

DALLAS – (Realty News Report) – Hines will develop a 39-story, 344-unit apartment tower in the 75-acre Victory Park project developed by Hillwood near downtown Dallas. The 500,000-SF residential building, called The Victor, will be built across the street from American Airlines Center arena. The building, which will include 10,000-SF of retail, was designed by Munoz + Albin, a Houston ... Read More »