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Hearst Selects HFF to Market Houston Chronicle Downtown Property

HOUSTON – Hearst Corp. has selected the HFF commercial real estate brokerage firm to handle the sale of its Houston Chronicle property in downtown Houston. Hearst interviewed a number of Houston’s leading commercial real estate brokers before selecting HFF, a national firm with a strong local office. The 10-story Chronicle building, 801 Texas Ave., covers a full city block and ... Read More »

Ralph Bivins’ Realty News Report Top 7 Predictions for 2014

HOUSTON – The Boom is not over. Houston’s real estate market is respected as one of the hottest markets in the world. With a few exceptions, both residential and commercial real estate will continue to sizzle in 2014 and produce as much pop as we saw in 2013. Here are the top seven predictions for Houston real estate in 2014 ... Read More »

Houston Home Sales Hit All-Time Record

By Ralph Bivins Houston home sales hit their highest monthly sales total ever in May, establishing a new record of 7,794 home sales in a single-month, the Houston Association of Realtors reported. The May sales total, up 28 percent over May 2012, shattered the previous monthly record established in June 2006 when 7,688 single-family homes were sold in the Houston ... Read More »

Ralph Bivins, Editor of RealtyNewsReport, Named Winner in NAREE Journalism Competition

HOUSTON – Ralph Bivins, editor of RealtyNewsReport,  has been named a winner in the “Best Commercial Real Estate Report” category of the National Association of Real Estate Editors 63rd Annual Journalism Awards. Award winners in 25 categories were selected by a panel of expert judges from the E. W. Scripps School of Journalism at Ohio University. Bivins’ article about the ... Read More »

Shad Bogany’s Radio Show Moves to 1360 AM

HOUSTON — The Real Estate Corner, Houston’s long-running real estate radio program, is now broadcasting at a new spot on the dial, KWWJ AM 1360. It airs every Tuesday from 6:15 p.m. to 7:15 p.m. “I’ve been preaching the gospel of real estate over the airwaves for 23 years,” said the show’s founder and host, Shad Bogany, of Better Homes ... Read More »

Shorenstein Buys Exxon Mobil Tower for $50 Million

By Ralph Bivins HOUSTON – Shorenstein Properties has acquired the 45-story Exxon Mobil building in downtown Houston for a redevelopment that will restore the property to Class A status. The Exxon Mobil building, located at 800 Bell at Travis, was built in 1962 as the headquarters of Humble Oil & Refining, a predecessor to Exxon Mobil. The sales price was ... Read More »

Houston Home Sales Hit 5-Year High

By Ralph Bivins August was the best month for Houston home sales in five years and inventory dropped to a 10-year low, the Houston Association of Realtors reported. Low mortgage rates and a strong local economy combined to lift the real estate market. The Realtors association reported 6,600 single-family homes were sold in August, the highest monthly sales total since ... Read More »

Houston Home Sale Surge Continues in July: No End in Sight to the Run

By Ralph Bivins Houston home sales increased 27 percent in July, the 14th month in a row that sales have been up, according to the Houston Association of Realtors. The momentum in the market, driven by solid job growth, is showing no signs of tapering off later in 2012. The inventory of homes for sale is dropping sharply. The Houston Association ... Read More »

Houston Home Sales Up Sharply in June

By Ralph Bivins The Houston Association of Realtors reported Houston area home sales were up 14 percent over June of last year. For the month of June $1.7 billion worth of residential properties were sold – the highest monthly sales total since August 2007, the Houston Association of Realtors said. Inventory of homes for sale is low. Only 42,207 properties ... Read More »

Exxon Mobil Moving 2,000 to Houston from Fairfax, Va. and Akron

By Ralph Bivins HOUSTON – Exxon Mobil will relocate 2,000 employees from Fairfax, Va. and Akron, Ohio, to its new 385-acre corporate campus which is under construction on the north side of Houston, the energy firm announced in a press release. Some 10,000 Exxon Mobil employees will work at the new corporate campus, about 8,000 of them relocated from other ... Read More »

Spec Office Project Under Construction In Houston’s Energy Corridor

By Ralph Bivins HOUSTON — With no tenants signed, Myers Crow & Saviers, Ltd., will begin construction on the 135,000-square-foot Mason Creek Office Center near Interstate 10 west of Houston in the red-hot Energy Corridor office market. West Houston, along Interstate 10 is known as the Energy Corridor because scores of energy related companies and engineering firms involved in drilling ... Read More »

Texas Apartment Roundup

 HOUSTON – Crossbeam Capital bought the 348-unit Enclave at Woodbridge Apartments, 15015 W. Airport Blvd. in the Sugar Land area on Houston’s southwest side.  Crossbeam, formed as a result of the meger of Maryland-based Crossbeam Capital and Houston-based Concierge Asset Management, has been active in Texas multifamily recently. SAN ANTONIO – Hendricks & Partners  announced the sale of Reserve in ... Read More »

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