Wednesday , 20 February 2019
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McDermott Leases Large Office Tower in the Energy Corridor

HOUSTON – (Realty News Report) – McDermott International Inc. has signed a 524,323-SF lease for the entire Energy Center Five building, an 18-story property in the Energy Corridor. The building will serve as the new corporate McDermott headquarters and will consolidate approximately 1,700 employees across five locations in the Houston area into the new building. The office tower was completed ... Read More »

Avera Buys 40 Acres for Major Industrial Project

HOUSTON – Avera, a commercial real estate development, construction and investment firm, acquired 40 acres to develop Cedar Port Logistics. Plans for the development will include a building that will be between 610,000 and 2,262,000 SF. The site, located in Cedar Port Industrial Park, is located east of the Port of Houston, on the north side of Highway 99. John ... Read More »

Costco Buys 150 Acres on I-10; Plans for Hines Pintail Park Scuttled

HOUSTON – (Realty News Report) – Costco Wholesale Corp. has purchased a 150-acre site along Interstate 10 at Igloo Road in Waller County, west of Houston, for a distribution center. The site was acquired from a partnership that had proposed to work with Hines to build an industrial park, called Pintail Crossing. Hines said earlier this year that Pintail Crossing ... Read More »

New Buildings & More In Store for Uptown/Galleria Market: Q&A with Sue Rogers

HOUSTON – (Realty News Report) – The Uptown/Galleria real estate sector has traditionally been one of Houston’s strongest.  Is that trend continuing?  Has the area been affected by recent corporate relocations?  The neighborhood also has been one of the city’s most congested. Is the traffic challenge easing with a new mass transit plan?  To find out, Realty News Report sat down with Sue Rogers, ... Read More »

Fort Worth Firm Buys Woodlands Multifamily Project

HOUSTON – (Realty News Report) — Berkadia Real Estate Advisors has arranged the sale and financing of Broadstone Sierra Pines, a 341-unit, garden-style property in The Woodlands area of Houston. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office represented the seller, Alliance Residential Company, a real estate investment firm based in Phoenix. Senior Managing Director ... Read More »

Houston Home Sales are On Track for a Record-Setting Year

HOUSTON – (Realty News Report) – Houston’s residential realty market is on pace to have a record year. On a year-to-date basis, home sales are 4.6 percent ahead of 2017’s record volume. According to the latest monthly report from the Houston Association of Realtors, 6,159 single-family homes sold in November compared to 6,285 a year earlier, or a decline of ... Read More »

Koontz Breaks Ground on Multifamily Project Near USAA HQ

SAN ANTONIO — (Realty News Report) – Koontz Corporation, a San Antonio-based firm led by Bart Koontz, has broken ground on a Palmetto Pointe, a 328-unit apartment community located in the city’s northwest submarket. The project is located between USAA and the South Texas Medical Center – the two largest private employers in San Antonio. “We are fortunate to have ... Read More »

Trendmaker Homes Expands Into Dallas with Acquisition of Two Builders

DALLAS – (Realty News Report) – The Trendmaker Homes brand, a familiar name in Houston housing, is expanding into the Dallas-Fort Worth market with the $60 million acquisition of two Dallas builders by Trendmaker’s parent company, Tri Pointe Group. Tri Pointe Group, one of the top ten largest public homebuilders in the United States , announced that it is expanding ... Read More »

Major Office Lease Signed in Kirby Collection

HOUSTON – (Realty News Report) – PROS Holdings, a Houston-based software cloud company, leased 118,000 SF in the new Kirby Collection tower, a 13-story building developed by Thor Equities Group on Kirby Drive. PROS leased all of the remaining office space in the Kirby Collection, a 186,000-SF tower at 3200 Kirby. The site is on the west side of Kirby ... Read More »

‘Housing is Broken’ – John McManus Tells Hive Conference

AUSTIN – (By Ralph Bivins, Realty News Report) – The nation’s housing market “is broken” because buying a new home is not an attainable goal for many middle-class Americans, according to national housing expert John McManus, vice president and editorial director of Hanley Wood’s residential group. Millions of new jobs have been created in recent years, McManus said, with the ... Read More »

Real Estate and the Texas Medical Center: Q&A with Bob Parsley of Colliers International

HOUSTON – (Realty News Report) – Mention Houston to a non-resident and the first thing they usually mention is energy. Increasingly, the second is medicine – and for a good reason. The Texas Medical Center (TMC) is the largest medical complex in the world—and home to the brightest minds in medicine. The sheer size and operation of the TMC is ... Read More »

Nicholas Residential Buys 2,115 Houston Apartment Units

HOUSTON – (Realty News Report) – Nicholas Residential, a Dallas-based real estate investment firm, purchased the Beltway Portfolio, a collection of six multifamily properties located throughout the Houston area totaling 2,115 units. Justin Shuart and Jason Pumpelly, with Cushman & Wakefield’s Equity, Debt and Structured Finance team in Dallas, arranged the equity on behalf of Nicholas Residential. The seller was ... Read More »

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