Friday , 22 November 2019
Breaking News

The Biggest Year for Multifamily Investment Trades in the History of Houston Real Estate

HOUSTON – (Realty News Report) – A record $5.1 billion of multifamily assets were sold in the Houston area last year, an all-time record, reported Yardi Matrix. That amounted to 300 apartment complexes  being traded in 2018, roughly double to the number sold in 2017. Solid job growth contributed to the jump in sales. A number of investors were attracted ... Read More »

Two New Towers to be Erected in Memorial City

HOUSTON – (Realty News Report) – MetroNational is developing a 25-story residential tower and a 9-story office building in its Memorial City development along the Katy Freeway in West Houston. The building will be located on four acres at the southwest corner of Bunker Hill Road and the Katy Freeway. The property is one of the last remaining undeveloped corner ... Read More »

Houston’s Warehouse Construction Boom: Vacancy Climbing as Supply is Added

HOUSTON  – (By Kyle Hagerty for Realty News Report) – Houston’s industrial vacancy may finally be catching up to the blazing pace of construction in recent quarters. Overall vacancy is at 6.5%, up from this time last year at 5.7%, thanks to more than 6.3 million square feet of vacant space being added to the market. That’s half the space ... Read More »

Why International Buyers are Pulling Back From US Realty

HOUSTON – (By Dale King, Realty News Report) – A strong dollar may be good for American workers and the nation in general, but it has apparently cooled foreigners’ fervor for buying homes in the United States, says the chairman of the 130,000-member Texas Realtors. “It was the total volume that dropped,” said Tray Bates of Texas Realtors. “As the ... Read More »

Maximum Internet: New Hines Tower in Downtown Houston First to be Certified WiredScore Platinum

HOUSTON – (Realty News Report) – The new 47-story Texas Tower office project has been awarded WiredScore’s Certified Platinum designation recognizing its advanced internet connectivity. The Texas Tower, a Hines and Ivanhoe Cambridge development under construction on Texas Avenue in downtown Houston, will be the first ground-up building in Houston to have the Platinum certification. A secure, reliable and fast ... Read More »

Tilman Fertitta Buying Del Frisco’s Steakhouses

HOUSTON – (Realty News Report) – Houstonian Tilman J. Fertitta announced that Landry’s, Inc. has agreed to acquire the Del Frisco’s Double Eagle Steakhouses and the Del Frisco’s Grilles, which has 35 restaurants in 13 states. The seller is L Catterton, the largest and most global consumer-focused private equity firm. The price was not disclosed, but it was estimated to be ... Read More »

Law Firm Leases Space in Hines Tower in Downtown Houston

HOUSTON – (Realty News Report) – Hines, the international real estate firm, announced that Dallas-based law firm Shackelford, Bowen, McKinley & Norton has signed a new 15,000-square-foot lease at 717 Texas, a downtown tower near the Theater District. Hines recently completed a renovation to the 33-story building creating a hospitality-inspired lobby with new furnishings, wall and elevator finishes, lighting and security console upgrades. ... Read More »

Iliad Realty Group Buys 542 Units in NW Houston

HOUSTON – (Realty News Report) –  Iliad Realty Group has acquired the 542-unit Villa Nueva Apartments at 5300 West Gulf Bank Road in northwest Houston. Greystone provided a $27 million bridge loan for the acquisition of the property, which was constructed in 1980.  Greystone’s Daniel Wolins originated the funding. Sal Torre of Estreich & Co. brokered the deal. Fort Worth-based ... Read More »

Trammell Crow Acquires SMU Campus in Plano

PLANO, Texas – (Realty News Report) — Trammell Crow Co. has acquired the 16-acre SMU campus in Plano for a future development. Newmark Knight Frank handled the sale of the SMU-in-Plano campus, including four buildings on 16 acres located at 5228-5236 Tennyson Parkway in Plano. The SMU-in-Plano campus is a satellite campus of Southern Methodist University (SMU), nationally ranked private ... Read More »

Finished and Ready: Another 685,400 SF for Houston’s Industrial Market Where Construction is Booming

HOUSTON – (Realty News Report) – The shell of Air 59 Logistics Center is complete and ready for tenant improvements. The 685,400-SF distribution building is located in the Park Air 59 center at the intersection of Will Clayton Parkway and U.S. Highway 59 in Humble. JLL’s Mark Nicholas, Richard Quarles, and Joe Berwick are leasing the facility on behalf of ... Read More »

Real Estate News Items in Brief – From Realty News Report

NAI Partners recently arranged a 49,911 SF industrial lease for Commercial Resource Installation(CRI Inc.) at 3401 Navigation Blvd. in Houston. Michael Keegan and John Ferruzzo of NAI Partners represented the tenant.  The landlord, Stonelake Capital Partners, LLC, was represented by Avison Young’s Bob Berry and Grant Hortenstine. CRI is an office furniture installation company serving the Gulf Coast region. …………………………………………………… ... Read More »

Austin Named No. 1 Investment City in ULI’s 2020 Emerging Trends Report

WASHINGTON – (By Ralph Bivins, Realty News Report) – Austin was ranked No. 1 out of 80 cities for overall real estate prospects in 2020 in the Emerging Trends in Real Estate report co-published by ULI and PwC. Dallas-Fort Worth ranked sixth; San Antonio ranked 24 and Houston trailed the Texas metros, sliding to No. 42. The Emerging Trends report ... Read More »

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