Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Avenue, an organization focused on affordable homes and strengthening communities, will soon commence on Avenue Center, a new mixed-use community resource center in Near Northside. The project begins following the city’s approval of $3.4 million in funding for the community center. The facility, which will include community services such as a health clinic and ... Read More »

HOUSTON – (Realty News Report) – Brookfield Properties announced that Direct Energy LP has signed a lease for its corporate headquarters at 2 Houston Center, the Class A office tower located at 909 Fannin Street in downtown Houston. Under the terms of the agreement, Direct Energy will have the largest office footprint at 2 Houston Center to date, leasing 105,578 ... Read More »

HOUSTON – (Realty News Report) – Third Palm Capital has retained NAI Partners to lease Republic Square, a major Energy Corridor property adjacent to Terry Hershey Park, which was hit hard during Hurricane Harvey in 2017. The three-story, 324,000-SF office building has exceptionally large floor plates on a huge tract that stretches from Interstate 10 to Memorial Drive. The 35-acre ... Read More »

THE WOODLANDS, Texas – Colliers International reports the office market in The Woodlands “performed exceptionally well” in the fourth quarter of 2018, posting 385,000 SF of positive absorption. It was the best quarter for the submarket since 2015. The Woodlands has 127 office buildings with 17.2 million SF and a direct vacancy rate of 10.1 percent. It has less than ... Read More »

AUSTIN – (Realty News Report) – Hanover Co., a Houston-based multifamily developer, is planning to develop a 45-story tower in downtown Austin, according to local news reports. The 310-unit residential building, called Republic Square, is planned for the southwest  corner of Fifth and Lavaca streets. The site is not located in the view corridors which were created to protect the ... Read More »

HOUSTON – (Realty News Report) – Opendoor has been buying/selling homes in Houston since last summer. Categorized as an “iBuyer” because of its use of online-based technologies to streamline the home selling process, Opendoor is based in San Francisco and operates in 19 markets including four in Texas: Houston, Dallas, San Antonio and Austin. Realty News Report talked with Jason ... Read More »

CONROE, Texas – (Realty News Report) – AIRIA Development Co., the developers of Aliana in Fort Bend County, has begun construction on a 2,200-acre master-planned community in the Montgomery County. The new community, called Artavia, will have 5,200 homes and 120 acres of mixed-use, commercial and retail properties. The build-out value is estimated to be $2.4 billion. The community is ... Read More »

HOUSTON – (Realty News Report) – Urban developer Oxberry Group, with a passion for historical preservation, is tackling a significant slice of Houston real estate at 1110 West Gray, gleaned the building’s past and transforming it into Rêve at Montrose for the city’s future. Unless you lived in Houston prior to 1958, you most likely know this property at the ... Read More »

LAS VEGAS – (By Ralph Bivins, Editor of Realty News Report) – It was the biggest attendance in 10 years. Some 100,000 people descended into the National Association of Home Builders (NAHB) International Builders’ Show in Las Vegas last week. Restaurants were packed. Traffic was tough. But bigger is always better, isn’t it? Thousands of new ideas and products were ... Read More »

HOUSTON – (Realty News Report) – A trio of new tenants are further enriching an emerging tech and innovation ecosystem at Houston’s Greenway Plaza, the urban, 52-acre campus, operated by Parkway Property Investments, LLC  and located near the Southwest Freeway and Buffalo Speedway. The announcement comes after Greenway Plaza digests a string of bad news about tenants leaving Greenway Plaza, ... Read More »

HOUSTON – (Realty News Report) – A joint venture of Belvoir Real Estate Group and The Mission Cos. acquired the Broadfield at Park Ten, an 85,000-SF office building in the Energy Corridor. The seller, a partnership of Chief Partners and Stream Realty Partners, was represented by JLL. While the building was under contract, a tenant, the SLI Group, leased 18,000 ... Read More »

DALLAS – (Realty News Report) – Hana, the new co-working/suites outfit owned by CBRE Group, is opening its first unit. Hana will open in mid-2019 in the new PwC Tower at Park District in downtown Dallas. The 500,000-SF office building is developed by MetLife Investment Management and Trammell Crow Co. CBRE’s Hana unit offers “Hana Share” (regular co-working, shared space); ... Read More »