Thursday , 24 May 2018
Breaking News

Crosswell Polishes Off Remaining Tracts in Master Planned Community

PEARLAND, Texas – (Realty News Report) – Houston developer Allen Crosswell, managing principal of NewQuest Crosswell, has purchased the remaining commercial tracts in Shadow Creek Ranch, a 3,300-acre master planned community that is nearing completion. The deal, with a Crosswell-led partnership acquiring the remaining 63 acres of commercial reserves in Shadow Creek Ranch, represents the final exit from the master-planned ... Read More »

Upscale Denver Steakhouse Signs 13,000-SF Lease at One Allen Center

HOUSTON – (Realty News Report) – Guard and Grace, a modern Denver-based steakhouse, will open a 13,000 SF restaurant in the One Allen Center building in downtown Houston. The restaurant, scheduled to open in summer 2019, continues a relationship between the restaurant group and Brookfield Properties, which owns the Allen Center office complex and the Denver building where Grace and ... Read More »

Salata Adding 130 Restaurants

HOUSTON – (Realty News Report) – Salata, a Houston-based, fast-casual salad restaurant, has tapped CBRE to assist in its plans to add 130 locations and enter new markets in Florida. CBRE will advise Salata it in selecting locations for the 30 restaurants it plans to open this year and another 100 in 2019 and 2020. Salata’s expansion is focused on ... Read More »

Stewart Title Co. to be Sold for $1.2 Billion

HOUSTON—(Realty News Report) —Houston-based Stewart Information Services Corp. will be acquired by Fidelity National Financial, for $1.2 billion, the companies announced in a press release Monday. Stewart, which was founded in Galveston in 1893, has 20 Stewart locations in the Houston area, where thousands of real estate transactions have closed over the years. The firm  offers title insurance policies and ... Read More »

Colliers: Dallas and Houston Were National Leaders in Medical Deals in 2017

HOUSTON – (Realty News Report) – Houston and Dallas rank near the top of new national rankings for investment sales in the healthcare sector, according to a new report by Colliers International. In 2017, Atlanta was No. 1 in medical-related real estate deals with $1.1 billion in sales. Los Angeles, with $973 million in sales, ranked second. Dallas, with $893 ... Read More »

Drilling Contractors Association Signs HQ Lease in Westchase

HOUSTON – (Realty News Report) – The International Association of Drilling Contractors leased 18,920 SF for its headquarters in the new, eight-story Lockton Place building, 3657 Briarpark Drive in Westchase. The association, founded in 1940, will move its headquarters from 10370 Richmond in the third quarter. JLL’s Chad Barker and Matt Sanderson represented the Drilling Association. JLL’s Russell Hodges and ... Read More »

Clear Sky Capital Buys Greenspoint Apartments

HOUSTON – (Realty News Report) – Clear Sky Capital of Phoenix has acquired the 192-unit North Park Apartments, 90 Northpoint Drive, in the Greenspoint area. The project is located south of Beltway 8 and east of Interstate 45, south of Greenspoint Mall. CBRE Capital Markets’ Debt & Structured Finance team has arranged $10 million in financing for the purchase with ... Read More »

Halliburton’s 49-Acre Westchase Campus To Be Sold in Auction

HOUSTON – (Realty News Report) – Halliburton Co., one of the largest oilfield service companies in the world, has hired an auctioneer to sell its 49-acre Oak Park campus in the Westchase District of west Houston. The sale will be conducted by the Williams & Williams auction firm on April 27 at 1:00 pm. The Halliburton campus, 10200 Bellaire Boulevard ... Read More »

Houston Home Sales Surge in February

HOUSTON – (Realty News Report) – Houston home sales continued to sprint out of the opening gate in 2018 with a record 5,260 single-family houses sold in February, the Houston Association of Realtors reported. It was the strongest February on record for Houston Realtors and the first time February sales have ever broken the 5,000-mark. Home sales were also strong ... Read More »

Katy Medical Building Sold

KATY, Texas – Katy Med-Arts Partners Ltd. has sold the Katy Medical Arts building in Katy, west of Houston. Gino Lollio and Scott Niedergang of Cushman & Wakefield’s Healthcare Capital Markets team facilitated the sale of the 61,000-SF building, which is fully leased. Katy Internal Medicine and Katy Cardiology Associates are the largest tenants in the building, occupying 18 percent ... Read More »

Transwestern: Boomers Downsizing Into Apartments; But They Still Want Amenities Like Home

HOUSTON – (By Dale King, Realty News Report) – Many baby boomers facing the reality of advancing age, the hard truth of children moving out for good and the ongoing need and cost of maintaining a large structure are pulling up stakes and leaving the family homestead in favor of apartment living. But most of them don’t want to give ... Read More »

New Facility to be Built for MAN Diesel & Turbo

HOUSTON – MAN Diesel & Turbo has signed a lease for a new North America headquarters and plant that will be built in Brookshire west of Houston in the 650-acre Twinwood business park. Bob Berry and Jacob Bravo of Avison Young represented MAN Diesel & Turbo in the lease negotiations in leasing 137,434 SF there. The build-to-suit owned by Houston-based ... Read More »

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