Realty News Report Covering Commercial and Residential News
DALLAS – (Realty News Report) – Southwest Airlines operated 56 flights with no passengers on board on a rough day in the airline business, which has been devastated by the COVID-19 outbreak, according to the Dallas Business Journal. The 56 empty flights occurred on Monday March 30, according to an article by Evan Hoopfer of the Dallas Business Journal. A ... Read More »
The Nation’s Multifamily Marketplace — RNR News Briefs
Dakota Enterprises recently broke ground for its newest development, Fishel’s Landing, in the Garden Oaks/Oak Forest area near North Shepherd Drive and Janisch Road in Houston. The four-story, 240-unit project was designed by Mucasey & Associates Architects. …………………………………………. Electra Capital, an alternative lender specializing in flexible, short-term multifamily financing solutions, has closed on a preferred equity investment in Stonebridge at City Park Apartments, ... Read More »
Lincoln Property Co. Reports Leasing Activity at 801 Travis Tower
HOUSTON – (Realty News Report) – Lincoln Property Company announced five leases at 801 Travis Street, a downtown office tower at the corner of Travis and Rusk. 801 Travis is a 21-story, 222,192 square-foot office building located in the center of downtown adjacent to the METRO light rail line. The building is next to the JW Marriott hotel, which is a ... Read More »
Mohr Capital Announces Retail Development in The Woodlands
THE WOODLANDS – (Realty News Report) – Mohr Capital, a Dallas-based real estate investment firm, has acquired the 7 Leguas Mexican restaurant property in The Woodlands for a redevelopment project The redevelopment plan includes razing the 7 Leguas Restaurant building of FM 1488 and developing a freestanding structure consisting of a Chipotle Mexican Grill restaurant and a Regions Bank branch office. ... Read More »
Westchase Office Tower Refinanced as COVID-19 Hangs Over Houston Market
HOUSTON – (Realty News Report) – Two CityWest Place, a 20-story Class AA office property in Westchase has been refinanced. The 443,549-SF building located on the west side of Beltway 8 is owned by Parkway Property Investments. JLL worked on behalf of the Parkway to secure the five-year, floating-rate loan. Regions Bank led the loan and syndicated half with Citizens ... Read More »
Strategic Realty Holdings Acquires Multifamily on Strategic Site South of Medical Center
HOUSTON – (Realty News Report) – An affiliate of Strategic Realty Holdings has acquired the 240-unit Stonebridge at City Park near Highway 288 on the southside of Houston. Strategic Realty Holdings, based in Calabasas, Calif. is led by Edward Lorin a value-add multifamily specialist with a track-record that includes 75 apartment complexes with 15,000 units. The Stonebridge, 11800 City Park ... Read More »
Bellaire Kingtown LLC Acquires Retail Center
HOUSTON – (Realty News Report) – Bellaire Kingtown LLC has acquired 7555 Bellaire, a 43,631 SF retail property in the Sharpstown area of Houston. Justin Miller and Davis Hansen from Marcus & Millichap’s Houston office had the exclusive listing to market the property on behalf of the seller, XJ & K Property LLC, a Houston-based partnership. “The offering drew significant interest from ... Read More »
RNR’s Real Estate News Briefs
HOUSTON – (Realty News Report) – Houston Distribution Company, represented by CBRE, has sold its 113,715 SF industrial building at 16001 SH 249 in Houston. Jim Autenreith of Moody Rambin represented the buyer, Atlanta Deferred Exchange, Inc., during negotiations. …………………………………………………. NAI Partners recently arranged a 6,233 SF office lease for Gordon Arata at 2229 San Felipe in Houston. NAI Partners’ Griff Bandy and Joe Bright represented the tenant during the transaction. …………………………………………………… Elbi ... Read More »
Rapid Shave: COVID-19 Trims $2 Billion Off Tilman Fertitta Net Worth; Houston Rockets Owner Falls Off List of World’s 500 Richest People
HOUSTON – (Realty News Report) – Houston restaurant and casino magnate Tilman Fertitta, has lost about a third of his wealth, or approximately $2 billion, in the last month due to the coronavirus outbreak, according to Bloomberg News. Feritta, who had a net worth of more than $5 billion last month, has dropped off the rankings of the 500 wealthiest ... Read More »
Evictions Halted: Camden’s COVID-19 Plan to Assist Residents in Its 56,000 Apartment Units
HOUSTON – (Realty News Report) – Camden Property Trust, a Houston-based multifamily REIT that owns 164 apartment communities with 56,000 units around the nation, is halting evictions for residents who have been financially impacted by the COVID-19 pandemic. Camden has closed its leasing offices to the public and is limiting in-person contact by offering virtual tours, online and phone support, ... Read More »
Houston’s Asian-American Chamber of Commerce Donates Masks, Medical Supplies to City for COVID-19 Effort
HOUSTON – (Realty News Report) – The Asian American Chamber of Commerce has donated over $42,000 in medical supplies to the City of Houston following our urgent calls for personal protective equipment. “We as a collective body, including Chinese-American, Korean-American, Vietnamese-American, Japanese-Americans, Filipino-Americans and the various other AAPI ethnicities, are in support of helping Houston through this challenging crisis and ... Read More »
HAR’s Bob Hale says Houston Realtors are ‘Essential’ and Should Be Exempt From Stay-At-Home Order; Harris County Leaders Agreed
HOUSTON – (Realty News Report) – Real estate sales agents perform an “essential” service and should be exempt from the Harris County stay-at-home order, says Bob Hale, president and CEO of the Houston Association of Realtors. The Harris County Commissioners Court agreed and included Realtors in the list of businesses and workers who may continue to operate during the stay-at-home ... Read More »
