Realty News Report Covering Commercial and Residential News

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – Uptown Park’s redevelopment by EDENS has wrapped up the district’s year-long makeover, which has changed up the Old World aesthetic for a more modern, more connected one. The 20-old property sits on 14 acres at Post Oak Oak Boulevard and Loop 610. Its original layout — seven clusters of lifestyle-oreinted ... Read More »

HOUSTON – (By Kyle Hagerty for Realty News Report) – Capital flocking to self-storage REITs may have weakened the sector’s strong fundamentals, but stable metrics in the latest report from Newmark Knight Frank show the industry’s supply concerns may be over blown. In the first quarter of 2019, wholly owned acquisition activity totaled 61 properties across five of the six ... Read More »

HOUSTON – (Realty News Report) – GID Development Group announced it is moving ahead with Phase 2 of Regent Square, a mixed-use development at West Dallas and Dunlavy streets, just south of Buffalo Bayou Park. The eight-acre Phase 2 will include 600 multifamily units and 50,000 SF of street-level retail leased by JLL Retail Advisory Services. OJB Landscape Architecture is ... Read More »

HOUSTON – (By Kyle Hagerty for Realty News Report) – The team behind some of the hottest retail developments in Texas has been engaged by MetroNational to lead efforts for the redevelopment of the 1.7-million-SF Memorial City Mall in west Houston. Trademark Property Company, the Fort Worth-based retail and mixed-use developer, will create a plan that re-envisions the 265-acre campus. ... Read More »

HOUSTON – (Realty News Report) –  Exeter Property Group recently acquired the 250,000-SF Century Oaks Business Park on the southwest side of Houston. The business park is located along South Sam Houston Parkway near Highway 90 in the Missouri City area. Century Oaks Business Park consists of six industrial buildings totaling 245,860 SF on 19 acres of land. FedEx is ... Read More »

BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) –  Bellaire area business owners were encouraged by news from former Bellaire Mayor and METRO board member Cindy Siegel that finally, there are plans to relocate the Bellaire Transit Center where riders transfer to METRO buses. The 1.2-acre METRO center is located in the middle of Bellaire Boulevard at ... Read More »

HOUSTON – (By Dale King, Realty News Report) – Prices of homes continue to rise throughout the U.S., but at a slower rate than in past years, says the March 2019 Home Price Report drafted by CoreLogic, a global property information, analytics and data-enabled solutions provider. That’s not terrific news for potential homeowners. But it’s really bad for renters who ... Read More »

HOUSTON – (Realty News Report) – Bill.com, a Palo Alto, Calif.-based tech firm that manages transactions, leased 25,000 SF of office space in CityWest Place in Westchase. CityWestPlace, operated by Parkway Property Investments, recently received a BOMA 360 Performance Program designation from the Building Owners and Managers Association International. Bill.com was represented in the transaction by Bo McNally of T3 ... Read More »

HOUSTON – (Realty News Report) – The King & Spalding, LLP law firm has renewed its long-term office lease at 1100 Louisiana, a 1,265,332-SF Class A office tower in downtown Houston. King & Spalding, leases several floors in the 1100 Louisiana building, where it has been a tenant since 1995.  King & Spaulding has more than 1,000 lawyers in 20 ... Read More »

HOUSTON – (Realty News Report) – TMC3’s collaborative life sciences research campus is pairing two prevailing development concepts – mixed use and live-work-play – as its revised master plan for 37 acres within Texas Medical Center takes shape. And the shape is DNA-inspired. The design is a nod to the innovations and discoveries for a healthier future to come from ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – April 2019 was the strongest April ever for Houston home sales as 7,586 single-family homes were sold, according to the Houston Association of Realtors. The April sales total represented a 7.8 percent increase  over April of 2018, the association said. “April sales are historically strong in Houston because buyers ... Read More »

HOUSTON – (By Kyle Hagerty for Realty News Report) – Across the nation, logistics-focused industrial facilities can’t be built fast enough and that’s great news for Texas. The Lone Star State is on the receiving end of a nationwide industrial building boom, accounting for 50 million square feet of the nation’s 274 million square feet currently under construction, over 18% ... Read More »