Monday , 20 May 2019
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People in Real Estate: From Realty News Report

John Nicholson joined Colliers International as a principal in the firm’s industrial advisors team. Ric Guenther, based in the Houston office of Patrinely Group, was promoted to senior vice president, leading multifamily investments and selected mixed-use projects. NAI Partners announced that three of its professionals have been added to the company’s roster of partners: Nick Peterson of the Industrial Group; James Tainter of NAI Partners’ ... Read More »

Salon Firm Expanding Quickly in Houston Retail Centers

HOUSTON – (Realty News Report) – CBRE arranged five Houston locations for Phenix Salon Suites, an Encinitas, Calif.-based franchised firm with 283 locations in 34 states. CBRE’s Sydney Dixon and Brian Ashby represented Phenix Salon Suites, which is expected to open 300 location in the next two years. The company signed a 7,267 square-foot long-term lease for the entire second floor at 2101 Smith ... Read More »

Oiltanking North America Leases Space in Memorial CIty

HOUSTON – (Realty News Report) – Oiltanking North America LLC leased 23,652 SF in the Murphy Building, 9805 Katy Freeway in Memorial City, a development by MetroNational. The firm will make the move to Memorial City this year, leaving Three Allen Center in downtown. MetroNational’s Brad MacDougall and Warren Alexander represented the landlord. Andy Iversen, John Luck and Audrey Selber of ... Read More »

Best February in Houston Real Estate History: Home Sales Continue Strong Performance

HOUSTON – (Realty News Report) – Realtors just racked up the best February in the history of Houston home sales. Sales are humming along in 2019, basically keeping pace with the sales of last year. And 2018 was a record high year. The Houston Association of Realtors reported Tuesday that 5,280 single-family homes were sold in February, only 15 more ... Read More »

Austin Student Housing Tower Sells for $100 Million

AUSTIN – (Realty News Report) – Nelson Partners, a California-based student housing investment and property management firm, has acquired Skyloft, a new 18-story, 674-bed student housing high-rise in Austin. The $100 million transaction ranks as one of the largest single-asset deals in the student housing industry, according to Newmark Knight Frank. Ryan Lang, vice chairman and head of NKF’s Student ... Read More »

The Slowdown: Home Price Appreciation Lowest Since 2012, But Could Pick Up Again

HOUSTON – (By Dale King, Realty News Report) – The days of low mortgage rates may be coming to an end, and with them, decent increases in home prices and respectable numbers of houses sold, says a study by CoreLogic, a global property information and analytics firm. But this doesn’t mean the future will be pockmarked with gloom and doom. ... Read More »

Molto Properties Enters Houston With NW Spec Distribution Center

HOUSTON – (Realty News Report) –  Molto Properties, a Chicago firm with plans to expand in Houston, broke ground on a 136,551-SF spec distribution center in northwest Houston, according to Lee & Associates. Called 290 Northwest Business Center, the project is at 21420 Northwest Freeway. Reed Vestal, Taylor Schmidt and Robert McGee of Lee & Associates are marketing the Molto ... Read More »

Randall Davis Buys River Oaks Tract for High-Rise Condo

HOUSTON – (Realty News Report) – Residential developer Randall Davis plans to construct a high-rise condo on Westheimer Road near River Oaks. Davis just bought the half-acre site from Ascot Meadow LLC, which represented by JLL’s Mark Raines and Matt Parsons. The property is just east of Weslayan at 3723 Westheimer. Davis, a key figure in Houston’s loft redevelopment craze ... Read More »

REALTY NEWS REPORT – NEWS BRIEFS

REALTY NEWS REPORT – NEWS ITEMS RES, LLC, a Houston-based company providing ecological restoration and water resource solutions, leased 21,000 SF at 6575 West Loop South in Bellaire to relocate its headquarters. Kevin Kushner and William Padon with CBRE Houston represented the tenant while John Spafford with Madison Marquette was broker for the landlord, Keppel-KBC West Loop I and II, Inc. ... Read More »

Brookhollow West Business Park Sold

HOUSTON – (Realty News Report ) – Gulf BK LLC has purchased Brookhollow West Business Park at 9777 West Gulf Bank in northwest Houston. Walter Menuet and Judd Harrison of Colliers International represented the seller, CUNA Mutual Investment Corporation, in the transaction. The building area totals 251,569 SF and sits on 15.46 acres at the corner of West Gulf Bank ... Read More »

Concrete Foundation Poured for 47-Story Office Tower in Downtown Houston

HOUSTON – (By Ralph Bivins, Realty News Report) –  Over the weekend, scores of concrete trucks poured the foundation for Houston’s next skyscraper – Texas Tower, a 47-story Class AA tower developed by Hines. The office building, already 33 percent leased, is scheduled to be complete by the end of 2021. Hines is also developing a 46-story apartment tower across ... Read More »

Caldwell Developing 1,200-Acre Community for Over-55 Homebuyers

WILLIS, Texas  – (Realty News Report) – Caldwell Communities has announced plans for a 1,200-acre active adult community in Willis, about 50 miles north of downtown Houston. The community, located just west of I-45 with direct access to Lake Conroe, this  gated residential community, Chambers Creek Ranch, will consist of 3,000 homes specifically designed for those 55 and older. The site ... Read More »

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