Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – NKF Capital Markets has completed the sale of a 22-property self-storage portfolio acquired by a Texas-based investment firm. The buyer, Etude Capital Storage Holdings LLC, said the transaction includes land that allows for the construction of additional self-storage properties. The self-storage segment has attracted considerable investor interest, according to NKF Capital Markets, which originated ... Read More »

HOUSTON – (Realty News Report) – As Houston’s industrial market transforms into a major player for larger distribution users, the sector remains a hotbed of activity. According to NAI Partners, the Houston industrial development pipeline is reaching levels not seen in over two years – some 12.4 million SF compared to the all-time recorded high of 15 million SF reached ... Read More »

HOUSTON – (Realty News Report) – West Ave, a mixed-use project at the key intersection of Kirby and Westheimer in the Upper Kirby District of Houston, has been acquired by California-based FPA Multifamily. Developed by Atlanta-based Gables Residential, West Ave opened about 10 years ago. The seven-story development, designed by Looney Ricks Kiss, has 194,000 SF of retail and 397 ... Read More »

BELLAIRE – (By Michelle Leigh Smith for Realty News Report) – The buyer of the Chevron campus in Bellaire told the city’s Planning and Zoning Commission that the existing buildings on the campus will be leased as multi-tenant office space. SLS Properties, expected to finalize the purchase this fall, is planning to build a four-level parking garage on the 30.5-acre ... Read More »

HOUSTON – (Realty News Report) – The Houston housing market registered 8,358 single-family home last month – the strongest sales ever for a month of August, the Houston Association of Realtors reported. A strong local economy fueled the strong real estate performance. The Houston economy created 101,800 jobs in the 12-month period ending in July, the strongest job growth pace ... Read More »

HOUSTON – (Realty News Report) – Houston’s industrial market is on a roll. It remains one of the best performing sectors of the real estate industry. A variety of factors – strong Port of Houston activity, e-commerce, a revived energy sector – are driving industrial construction and leasing. Will such activity continue? Is e-commerce a major factor? Will the energy ... Read More »

HOUSTON – (Realty News Report) – Unilev Management and partner Azrieli Group are undertaking a redevelopment the One and Two Riverway office buildings near Uptown Houston. The buildings, with a total of 880,000 SF, are located south of Woodway, near Buffalo Bayou. Flood gates and backflow preventers are being installed to protect the buildings. Extensive renovations, designed by Ziegler Cooper ... Read More »

HOUSTON – (Realty News Report) – Heron Houston Partners LP, led by the Adkisson Group, has acquired 23.3 acres in Missouri City, southwest of Houston. The land will be developed for light industrial use. It is located at the northwest corner of Fondren Road and U.S. 90A. Tom Condon Jr. of Colliers International represented the seller and Travis Land of ... Read More »

AUSTIN – (By Dale King, Realty News Report) — Campus Management Corp. of Boca Raton, Fla., has completed its acquisition of Education Partners, an Austin-based company whose software platform has helped more than 750,000 students and processed more than $3 billion in financial aid since it was founded in 2013. The transaction is effective immediately, meaning all employees of Education Partners ... Read More »

HOUSTON – (Realty News Report) – The Palace Bowling Lanes, a 63-year-old building in Houston’s Inner Loop, is being transforming into a mixed-use development. The 80,000-SF redevelopment, to be called Southside Commons, is located at 4191 Bellaire Boulevard, about three miles west of the Texas Medical Center. The bowling alley, which opened in 1955, closed over a year ago after ... Read More »

HOUSTON – (Realty News Report) –  Chevron USA has sold 103 acres at Clay Road near the Grand Parkway to Landmark Industries of Houston. Chevron acquired the property about five years ago during the go-go days of the oil business. The buyer, Landmark, a group affiliated with Kent Brotherton, subsequently sold 78 acres of the property to Indianapolis-based Duke Realty, ... Read More »

HOUSTON – (Realty News Report) – Forward Air Solutions, a logistics firm, leased 289,200 SF of industrial space at 18727 Kenswick Drive in Humble. A 132,000-SF expansion will be construction to expand the existing building there. Robert McGee and Chase Cribbs of Lee & Associates – Houston represented the landlord, Adkisson Group. Mike Bauer of Fischer Co. represented the tenant ... Read More »