Tuesday , 11 December 2018
Breaking News

Clay Starting Spec Distribution Development in Sheldon Business Park

HOUSTON – (Realty News Report) – Clay Development & Construction Inc. is building a 214,300-SF distribution center on 11.2 acres at North Lake Houston Parkway and East Sam Houston Parkway North in northeast Harris County. The spec project is pioneering an area between the Port and Bush Intercontinental Airport. With completion slated for the second quarter 2019, Sheldon Distribution Center I ... Read More »

Houston Real Estate in Changing Times: Q&A with Wade Bowlin of PMRG

HOUSTON – (Realty News Report) – It was a marriage of giants — PMRG, founded in Houston to become one of the America’s largest privately-held commercial real estate firms specializing in project leasing, property management, investment management and development services and Madison Marquette, one of the nation’s leading privately-held commercial real estate investment and operating companies.  The firms merged in ... Read More »

Chevron Sells 30-Acre Campus on Loop 610 in Bellaire

BELLAIRE – (Realty News Report) – SLS Properties, a Houston firm led by Danny Sheena, has acquired the 30-5-acre Chevron campus at Loop 610 at Fournace Place in Bellaire. Chevron vacated the property. The Chevron site includes two vacant office buildings, a 10-story, 452,000-SF office tower and a 95,000-SF structure. SLS plans to construct a four-level parking garage and lease ... Read More »

Ronald McDonald House Expands at Texas Medical Center

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – An adorable 4-year old moved in to Ronald McDonald House Houston at 1907 Holcombe with her parents last week. She looked out the towering window and spied the red, blue and yellow playscape. “Can I please go out now?” she asked. The cheery, family-centric atmosphere has been added 40 ... Read More »

Ernst & Young Renews Lease at 5 Houston Center

HOUSTON – (Realty News Report) – The Ernst & Young accounting firm leased 120,827 SF at 5 Houston Center at 1401 McKinney St. in downtown Houston. The office lease is a relocation and extension within the building, where E&Y has been located for years. Transwestern represented the landlord, Spear Street Capital. CBRE’s Glynn Dyke, Sanford Criner and Jeff Cairns represented ... Read More »

Hines Sells Its WaterWall Place Apartments

HOUSTON – (Realty News Report) – Hasta Capital has acquired WaterWall Place, a seven-story, 316,000-sf, 322-unit for-rent residential project in Uptown Houston, adjacent to the Galleria mixed-use development. Hines developed the apartment building, located on a three-acre site at the northeast corner of Hidalgo Street and McCue Road, overlooking the Gerald D. Hines Waterwall Park, next to the 64-story Williams Tower. ... Read More »

Stanmore Partners Developing 292-Unit Multifamily Project in Sienna Plantation

HOUSTON – (Realty News Report) – Houston-based Stanmore Partners, a real estate development and investment firm led by industry veterans Jason Schlanger and Carter Bechtol, has broken ground on its latest multifamily development in Sienna Plantation. Ravella at Sienna Plantation Apartment Homes, located at 5330 Sienna Parkway (at Sienna Parkway and Fort Bend Parkway), will be a three-story Class-A multifamily ... Read More »

Creating 100,000 Jobs While Recovering From a Hurricane: Q&A with Mayor Sylvester Turner

HOUSTON – (Realty News Report) – More than a year after Hurricane Harvey hit Houston, how is the city recovering?  Is Houston prepared for another massive storm? What more can be done? To find out the answers to these questions, Realty News Report went to the top — to Mayor Sylvester Turner, the Executive Officer of the City. Elected in December ... Read More »

Investcorp Buys $300 Million Portfolio with 19 Texas Properties

HOUSTON – (Realty News Report) – Investcorp, a Bahrain-based firm, has acquired a portfolio of 56 industrial properties, including two in Houston, for $300 million. Greenfield Partners of Connecticut is the seller of the 4.5 million SF portfolio, which is 91 percent leased. CBRE’s Jack Fraker, Jonathan Bryan, Randy Baird and Ryan Thornton of Dallas were part of the marketing ... Read More »

Home Affordability: The Rent vs Buy Question

HOUSTON – (By Dale King, Realty News Report) – The monthly cost of owning a home has surged this year, decelerating existing home sales to the slowest pace in more than two years, says a research brief drafted this month by Institutional Property Advisors, part of Marcus & Millichap Real Estate Investment Services Inc. Home sales declined in July for ... Read More »

Buffalo Heights Mixed-Use Project Tops Out

HOUSTON – (Realty News Report) – Arch-Con Construction announced it has topped out the seven-story, 742,000-SF Buffalo Heights District mixed-use development at the intersection of Washington Avenue and South Heights Boulevard. The Buffalo Heights District, owned by the Gordy family and developed by Midway, includes a mixed-use project designed by Ziegler Cooper Architects. A 96,000-SF urban prototype H-E-B will be ... Read More »

MARS Properties Breaks Ground on Katy Development

HOUSTON – (Realty News Report) – MARS Properties has broken ground on High Point West, an 89,440-SF industrial distribution center in Katy, west of Houston. CBRE will lead the marketing for the High Point West project, located at 1039 Schlipf Road. High Point West has direct access to the Interstate 10 corridor, serving Houston, Austin and San Antonio. The state-of-the-art ... Read More »

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