Friday , 19 January 2018
Breaking News

Steel Manufacturing Plant Sold and Will Re-Open

CONROE, Texas – Falcon Steel America, a manufacturer of high-voltage transmission tower and other steel structures, acquired a 226,000-SF manufacturing facility in Conroe, north of Houston. The addition of the new plant, located on 25 acres at 3575 Pollok Drive, will more than double the Fort Worth-based company’s manufacturing capacity. Falcon Steel America, which is remodeling the plant, expects to ... Read More »

Quantum Energy Partners Leases Space in New Downtown Tower

HOUSTON – (Realty News Report) – Quantum Energy Partners leased 32,000-SF at the top of the 35-story downtown office tower under construction by Skanska USA Commercial Development. The new building, slated for completion in 2019, is now 33 percent leased. Bank of America, with more than 210,000-SF, is the anchor tenant and the namesake of the new tower. The 754,000-SF ... Read More »

Micro Apartments Introduced in Macro Tower – Under Construction at Texas Medical Center

HOUSTON – (By Ralph Bivins, Realty News Report) – The micro apartment trend is coming to Houston in a big way. With apartments as small as 339 SF, the Latitude Med Center residential tower will begin receiving its first tenants next spring, the developers say. The 35-story high-rise building, located on Main Street between Rice University and Holcombe Boulevard, is ... Read More »

How Cyber Monday and Online Shopping Are Transforming America’s Malls

HOUSTON – (By Dale King, Realty News Report) – Lots of enclosed regional malls across the nation enjoyed successful associations with the shopping public during the latter half of the 20th century by following a fairly simple formula: Offer a variety of stores, lots of convenient parking, a food court, a some restaurants with table service, heaps of sales and ... Read More »

FedEx HQ in Plano Sold to Washington, D.C. Investor

DALLAS – The FedEx office headquarters at Legacy West in Plano, near Dallas, has been purchased by PRP Real Estate Investment Management of Washington, D.C. The seller, KDC Real Estate Developments & Investments, was represented by CBRE’s Gary Carr, John Alvarado, Eric Mackey, Evan Stone, Jared Chua and Robert Hill. Completed in 2015 by KDC, the four-story, 263,621-SF office building ... Read More »

Capital Plastics International Sells Stafford Building

STAFFORD, Texas — Capital Plastics International sold its 70,000-SF office/distribution building on Cash Road in Stafford to Tarhong Properties. Jim Pratt and Trey Erwin of Colliers International represented Capital Plastics. Michael Brent with the City of Industry, California Lee & Associates office represented Tarhong Properties. Capital Plastics is relocating to 1601 Gillingham Lane in Sugar Land, a 330,000-SF building it ... Read More »

Wu Investments Acquires Retail Center in Northwest Houston

HOUSTON – Wu Investments, a Houston-based retail developer, has acquired Eldridge Lakes Town Center, a 36,000-SF retail center in northwest Houston at 6350 North Eldridge Parkway. The seller was Edifis Group. Wu is currently developing three retail properties in Houston. Its portfolio includes retail properties in Texas and Ohio. The Eldridge center, located 21 miles northwest of downtown Houston, is ... Read More »

Medistar Developing 33-Story Medical Tower on Main Street

HOUSTON – (Realty News Report) – Medistar Corp. of Houston is developing a 33-story, 550,000-SF medical office tower at 6700 Main Street on the western edge of the Texas Medical Center, Medistar founder Monzer Hourani said. The medical tower will be built on the site of the SureStay Plus Hotel by Best Western, which will be demolished, Hourani said. The ... Read More »

Craft Beer Distributor Leases Space in Northwest Houston

HOUSTON – Favorite Brands is a family-owned distributor of craft beer, boutique wine and spirits, has signed a lease for industrial space in northwest Houston. NAI Partners recently arranged a 91,200-SF industrial lease for Favorite Brands at 9010 West Little York in Houston. The building is near Highway 290 and Fairbanks North Houston Road. John Ferruzzo and Nick Peterson of ... Read More »

Atlanta Group Buys Austin Multifamily Project

AUSTIN – (Realty News Report) – Atlanta-based Pollack Shores, a real estate investment group focused on multifamily communities in the Southeast and Southwest, purchased the Eastside Station apartment community in Austin for an undisclosed price. Eastside Station, a new, 330-unit mid-rise that offered a urban-infill opportunity in one of the country’s top tech hubs. The seller was Flournoy Development, a ... Read More »

Another Hotel Underway in Downtown Houston

HOUSTON – A new Hyatt Place Hotel is being developed in downtown Houston. Dallas-based Hall Structured Finance has closed a new first lien construction loan totaling $22.8 million to finance the adaptive reuse of the 70-year-old Southwestern Bell Telephone Co. office building in Downtown Houston into a hotel. The 150-key all-suite, select service Hyatt Place Hotel is being developed by ... Read More »

Despite Hurricane, Houston Ranks No. 2 in the Nation in Housing Starts, Behind Dallas

HOUSTON – Houston ranks No. 2 in the nation in housing starts, behind only Dallas, as Texas continues to show exceptional strength in home building. Houston had 27,713 housing starts for the 12-month period ending Sept. 30, according to Metrostudy, a national housing and research firm. That’s a 6.4 percent increase over 2016. Dallas remained as the top new home ... Read More »

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