Thursday , 27 June 2019
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Hartman REIT Buys West Houston Office Building on the Bayou

HOUSTON – (Realty News Report) – Hartman Income REIT has acquired the Ashford on the Bayou, a 127,000-SF office building in West Houston. HFF’s Dan Miller represented the seller, RPD Catalyst, a Los Angeles-based real estate investor. The 5-story building, 1001 S Dairy Ashford, is located along Buffalo Bayou, just south of Memorial Drive. Recently renovated, the building is 55 ... Read More »

Opportunity Zones: Latest Investment Craze Pumps Up Prices

HOUSTON –  (Realty News Report) – Opportunity Zones, the new tax benefit that reduces the burden of capital gains tax, is elevating property prices around the nation. Opportunity Zones are new and it’s difficult to gauge the impact until more sales have been closed. But the zones are creating a major buzz in the real estate community. “Investors are gaining ... Read More »

Affordable Housing: Avenue Builds Homes on North Side

HOUSTON – (By Dale King, Realty News Report) – Avenue, a local nonprofit dedicated to building affordable homes, knows how urgently low- and moderate-income buyers want to purchase affordable, energy-efficient single-family dwellings. The organization just completed Phase I of Avenue Meadows, a new community of 10 energy-efficient, reasonably priced residences in Houston’s Northline neighborhood. Soon after those specially designed abodes ... Read More »

Compass Realty Firm Leases Full-Floor in New Office Tower Near Highland Village

HOUSTON – (Realty News Report) – Compass Real Estate, a rapidly expanding national residential brokerage, leased a full floor in Stonelake Capital Partners’ new Park Place Tower under construction on Westheimer Road inside Loop 610. The 15-story, 210,000-SF Park Place office building has also gained Charles Schwab as a tenant and the property is now 21 percent leased ahead of its ... Read More »

Hines’ New 47-Story Downtown Tower Certified as LEED Platinum

HOUSTON — (Realty News Report) – Texas Tower, the 47-story office tower under construction on the former Houston Chronicle block has been pre-certified LEED Platinum for its sustainability achievements, according to the building’s developers, Hines and its partner Ivanhoé Cambridge. The one-million-SF office tower in the 800 block of Texas Avenue kicked off construction earlier this year. Already 33% leased, ... Read More »

Clay Development Starts Another Spec Warehouse Project – It’s 525,000 SF

HOUSTON – (Realty News Report) – Clay Development & Construction Inc. has broken ground on the 525,000-SF Kennedy Greens Distribution Center I in north Houston near Beltway 8 and Bush Airport. Clay, a Houston firm led by Robert Clay, now has four spec projects, totaling 1.8 million SF, underway in Houston. The l Kennedy Greens project is on JFK Blvd. ... Read More »

Proof that Houston is not Flat: a Knockout Redesign and Achievement in Landscape Planning

HOUSTON – (Realty News Report) – Houston is flat. Or is it? A newly re-designed, recently completed and just reopened ravine trail system within Houston Arboretum & Nature Center features elevation changes not typically seen in the Houston area. The project site’s natural landscape – considered a native riparian ecosystem — is located in the northwest corner of The Arboretum’s ... Read More »

Why Did Northridge Capital Make a Huge Office Acquisition in North Houston?

HOUSTON – (By Ralph Bivins, Editor of Realty News Report) – One of Houston’s biggest office deals of 2019 was completed with an investment narrative based on need of corporations to attract and retain talent, says an acquisitions executive for Northridge Capital LLC. Northridge Capital, based in Washington, DC, recently acquired the new HP Plaza, a 378,000-SF office development in ... Read More »

Impacting an Office Market: Chevron’s $33 Billion Acquisition of Anadarko – Could it Create More Vacancy?

THE WOODLANDS – (Realty News Report) – Chevron Corporation’s move to acquire Anadarko Petroleum for $33 billion could have some aftershocks on the Houston real estate market. Anadarko occupies a lot of office space in The Woodlands – two major towers named after iconic company leaders – the 32-story Allison Tower and the 31-story Hackett Tower. The buildings are on ... Read More »

Loop 610 Tract Sold

HOUSTON – (Realty News Report) – A self-storage operator has acquired a 6.2-acre tract on Loop 610 North near The Heights, according to the Avison Young commercial real estate firm. The site had been used as the printing plant for Greensheet, a “shopper” publication specializing in classified ads since 1970. The 40,000 SF of industrial space at 1690 North Loop West, ... Read More »

Realty News Report’s Swankienda Spotlight: A $6 Million Spec Mansion on Inwood Drive in River Oaks

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Whisper the name “Inwood” and longtime Houstonians remember as the River Oaks address for the city’s luminaries and leaders like the late George R. Brown, his brother Herman Brown, who lived two doors down, legal giant Leon Jaworski, and Joanne Herring, when she was married to Bob Herring, Chairman ... Read More »

Avenue Center Breaks Ground On Community Resource Center; Promotes Affordable Housing

HOUSTON – (Realty News Report) –  The Avenue non-profit organization has broken ground on Avenue Center, a new mixed-use community resource center in Near Northside of Houston. Construction was kickstarted by a $1 million gift from the BBVA Compass Foundation, which will create opportunities for Avenue’s comprehensive homebuyer education and counseling programs at Avenue Center. “We are delighted to commence ... Read More »

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