Realty News Report Covering Commercial and Residential News
HOUSTON – (Realty News Report) – King Ranch Saddle Shop leased 2,594 SF in CityCentre, Midway’s 47-acre mixed-use development near the Sam Houston Tollway in west Houston. The 825,000-acre King Ranch, located in south Texas between Corpus Christi and Brownsville, was founded in 1853 by Capt. Richard King. King established the leather goods business in 1867 in order to keep ... Read More »
Hines Sells Pier 1 Tower to Hertz Investment Group
FORT WORTH – (Realty News Report) – Hines has sold its 20-story Pier 1 Imports building in downtown Fort Worth to Woodland Hills, Calif.-based Hertz Investment Group, led by Judah Hertz. The 410,000-SF headquarters of the retailer overlooks the Trinity River. Hertz has acquired several properties in Houston in recent years include the Royal Oaks Centre in Westchase and three ... Read More »
Hurricane Harvey – One Year After: Q&A with Former Mayor Bill White
HOUSTON – (Realty News Report) – Bill White was Houston’s 60th Mayor, serving from 2004 to 2010 and twice re-elected with an average vote of 88 percent. He received the prestigious John F. Kennedy Profiles in Courage Award for his leadership in response to Hurricane Katrina. He was also a victim himself of Hurricane Harvey and nowadays is chairman of ... Read More »
Entry-Level Homes at $190,000 in New Katy Subdivision
HOUSTON – (Realty News Report) – Friendswood Development Co. and Pulte have announced plans for Katy Crossing, a 175-acre community 3.5 miles west of the Grand Parkway in Katy. Friendswood Development is partnering with Pulte Homes to develop 40- and 50-foot home sites to meet the growing demand for entry-level new homes. Over 600 homes will be built in Katy ... Read More »
Developing a New Houston that Can Handle Flood Waters: Q&A with Jim Blackburn
HOUSTON – (Realty News Report) – The anniversary of the initial landfall of Hurricane Harvey is approaching. The storm arrived Aug. 25, 2017 and it stayed in the Houston area for days, pounding the city with 50 inches of rain and flooding more that 100,000 homes. A year later, voters are going to the polls to consider approving $2.5 billion ... Read More »
1,331-Unit Westchase Multifamily Portfolio Acquired
HOUSTON – (Realty News Report) – Valcap Group LLC acquired 1,331 multifamily units in the Westchase District of Houston, CBRE reported. The value-add portfolio included the Westchase Estates, Westchase Grand and Westchase Preserve communities. CBRE’s Matt Phillips and Clint Duncan represented the seller, Ascension Commercial Real Estate and Moriah Group. CBRE’s Michael Thompson, Executive Vice President, arranged financing on behalf ... Read More »
Tech Firms Massing in Downtown Austin
AUSTIN – (Realty News Report) – Tech companies are often choosing downtown Austin, instead of the suburbs, according to an article by Lori Hawkins and Shonda Novak of the Austin American-Statesman. Of the many firms currently searching for office space in downtown Austin, about half of them are tech companies, Avison Young’s Mike Kennedy told the newspaper. Facebook has 700 ... Read More »
San Francisco Leads Nation in CBRE’s Tech Talent Report – With Houston at No. 32
HOUSTON – (By Dale King, Realty News Report) – An in-depth analysis of the high-tech employee talent pool and its impact on economics, real estate and other market sectors provides good news for Canada, the American Northwest and various big cities around the USA, says CBRE’s 2018 Scoring Tech Talent Report. Houston ranked 32nd among the nation’s 50 largest markets, ... Read More »
$50 Million H-E-B-Anchored Center Slated for Kingwood
HOUSTON – (Realty News Report) – Stratus Properties of Austin has acquired 54 acres in Kingwood in for a mixed-use development anchored by a 103,000-SF, H-E-B grocery store, slated to open in October 2019. The $50 million development will have more than 41,0000-SF of additional retail space and six pad sites. Eleven acres have been designated as a multifamily development ... Read More »
Happy Birthday to Houston’s Most Prolific Developer
HOUSTON – (By Ralph Bivins, Realty News Report) – Happy Birthday to master developer Gerald D. Hines, who will turn 93 years old this week. Houstonians are lucky he arrived in Houston seven decades ago. Armed with a slide rule and an engineering degree from Purdue, he had the perfect skill set for being a world-class developer, even if it ... Read More »
After 68 Years on Bissonnet St., Prime Coca-Cola Plant Site Up For Sale
HOUSTON – (Realty News Report) – The Coca-Cola facility on Bissonnet St., considered one of the most potent infill tracts in the Inner Loop, is for sale. CBRE’s Brendan Lynch and Darin Gosda are representing land owner Coca-Cola Southwest Beverages, part of Arca Continental, in the 15.57-acre Bissonnet property. The Coca-Cola bottling plant opened there in 1950. It was a ... Read More »
Spire Partnership Buys Energy Corridor Office Building
HOUSTON – (Realty News Report) – A partnership affiliated with Spire Real Estate LP has acquired the Westgate 1, a 248,707-SF office building in the Park Ten business park in the Energy Corridor in West Houston. The building, completed in 2014, is 96 percent leased. The property is anchored by Subsea 7 and Atkins PLC, two global corporations with investment-grade ... Read More »
