Monday , 24 July 2017
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Realty Record: May was Strongest Month Ever for Home Sales in Houston – More Than 8,000 Homes Sold

HOUSTON – May was a record-setting month for single-family home sales in Houston as 8,156 houses were sold – the highest monthly sales total in the history of Houston real estate, according to the Houston Association of Realtors. The May sales total represented an 11.5 percent increase over May of 2016, HAR reported. “The Houston housing market had another strong ... Read More »

Apache Extends 524,000 SF Lease in Post Oak Central

HOUSTON — Apache Corp. has extended its 524,000 SF lease at Post Oak Central, an office complex on Post Oak Boulevard in Uptown Houston. Parkway, the owner of Post Oak Central, announced today that it has signed a 26-month lease extension with Apache, a Houston based energy firm. The renewal extends all 524,000 square feet currently occupied by Apache at ... Read More »

Furinno Furniture Firm Leases 50,400 SF in Crow Holdings Project

HOUSTON – Furinno, which specializes in ready-to-assemble modern furniture, has leased 50,400-SF in the Apex Distribution Center in northwest Houston. Crow Holdings Industrial developed Apex Distribution Center. It includes the former Goya Foods building, a 140,000-SF building along with two newly constructed speculative warehouses containing another 270,000 SF. David M. Boyd, Greg Barra and Wes Williams of Boyd Commercial represented ... Read More »

The Medical Construction Boom: Q&A with Peter Stojkovic of Transwestern

HOUSTON – At the Texas Medical Center — the largest medical complex in the world—more than $3 billion  in construction projects are under way. According to Transwestern’s  2017 first quarter Houston Healthcare Market report, some  5.1 million SF of hospital and medical office building construction is underway across the Houston metro area. Healthcare is one of the city’s strongest employment sectors. Year-over-year job numbers continue to show the healthcare sector ... Read More »

First Multifamily Deal in Three Years: West Texas Apt. Project Sells as Rig Count Rises in Permian Basin

ODESSA, Texas – A 300-unit apartment project has been sold in Odessa, the first significant multifamily deal in this West Texas oil patch city in three years. Florida-based A&R Management bought the Faundee Ranch Apartments, which were constructed in 2014. The seller was the developer, a Houston-based joint venture between Juniper Investment Group and Ascension. Bart Wickard of ARA Newmark  ... Read More »

Houston Medical Office Portfolio Sold for $58 Million

HOUSTON – Everest Medical Properties, in conjunction with a pension fund, has acquired three medical office properties in Fort Bend County, near Houston, for $58 million. Institutional Property Advisors a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the sale of the portfolio of fully leased medical office properties – Memorial Hermann Surgical ... Read More »

Daikin’s New HVAC Plant – 94 Acres Under Roof, 22 Assembly Lines and a Work Force that May Swell to 6,000 in the Future

WALLER, Texas – (By Dale King) – On a lofty stage, amidst a flurry of confetti, executives from Goodman Global Group, a North American subsidiary of Daikin Industries, Ltd., recently cut a long, blue-and-white ribbon to signal the official opening of its expansive, new indoor heating and cooling systems and refrigerants manufacturing plant here in Waller, a Houston suburb of ... Read More »

Johnston Development Buys 1,619 Acres in Northwest Harris County for Future MPC

HOUSTON – Johnson Development Corp., a Houston community developer, has acquired 1,619 acres in northwest Harris County for what is expected to become a master planned community. The site is five miles west of the Grand Parkway and south of Highway 290, off Katy Hockley Road, said Michael Ross, Rockspring Capital’s Vice President Asset Management & Entitlements. The seller was Rockspring ... Read More »

Houston Growing in Prominence as a Distribution Hub: Q&A with Mike Spears of Lee & Associates

Houston is growing in prominence as a distribution hub. Massive new industrial buildings are being constructed. E-commerce alters the landscape for retailers while creating demand for distribution warehouses. What is happening with the once resilient industrial market in Houston? To find out, Realty News Report talked to Mike Spears,  managing principal at Lee & Associates Houston office who oversees the daily operations ... Read More »

Kuraray America, Part of Japanese Chemical Giant, Leases Two Huge Buildings Near the Port of Houston

HOUSTON – Kuraray America, part of a large Japanese chemical corporation, has signed a long-term lease for 465,851 SF in two, new build-to-suit structures to be constructed by Avera Companies in Pasadena, near Houston. Kuraray is the first tenant in Avera’s new Bayport Logistics Park, a 185-acre industrial complex, a rail-served facility near the Port of Houston. “Our location within ... Read More »

Steadfast Development Building Industrial Park in Northwest Houston

HOUSTON – Steadfast Development is developing an industrial park in northwest Houston, near Highway 249 and Grant Road. NAI Partners recently represented Steadfast Development in the sale of the first phase building – a 11,250-SF industrial office/warehouse located at 13017 Misty Willow. Following this sale, Steadfast Development will be breaking ground on three additional buildings during Phase II of this ... Read More »

4 Million SF Transit-Oriented Development Underway at Site of Old Stapleton Airport in Denver

DENVER – Central Park Station, a 4-million-square-foot mixed-use transit-oriented development, has been launched in Denver. First phase construction will begin next year with Central Park Station One, a 190,000-SF office building, a 300-unit multifamily rental project, a 120-unit condominium project and 60,000 SF of retail space, all integrated around an expansive public plaza, Forest City Realty Trust and the Newmark ... Read More »

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