Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Land Tejas, a Houston developer, has acquired 1,039 acres west of the Grand Parkway near Clay Road for a master planned community more than 3,000 homes. The first home sites will be delivered in 2021. CBA Land Capital is an equity partner in the land purchase. The property is north of I-10 in the ... Read More »

HOUSTON – (Realty News Report)– Griffin Partners acquired the Concourse at Westway, a Class B, 130,223-SF, value-add office building in West Belt submarket of Houston. The seller, EverWest Real Estate Investors, was represented by JLL’s Trent Agnew, Kevin McConn and Marty Hogan. Completed in 1999, Concourse at Westway consists of a two-story office on 11 acres at 4700 West Sam Houston ... Read More »

HOUSTON – (Realty News Report) – Redwood Property Investors III LLC, a California-based private investment fund, recently purchased the former Exterran Energy Solutions campus in northwest Houston at 12001 North Houston Rosslyn Road. The project has 301,127 SF of industrial warehouse,  manufacturing and office buildings on 32 acres of land. Clay Pritchett and Zane Carman, of NAI Partners represented Redwood Property ... Read More »

HOUSTON – (Realty News Report) – Rand Stephens, Avison Young Principal and Managing Director of the firm’s Houston office announced the strategic hiring of Jimmy Board  as Avison Young Principal, Capital Markets in Houston. Board specializes in debt and equity and will expand the capital markets service line. Board joins Avison Young from JLL … John Kevill,  Principal and President of U.S. ... Read More »

HOUSTON – (Realty News Report) – Colliers International announced the sale of York Centre, a 114,474 square foot office building, located at 10235 West Little York Road in Northwest Houston. The buyer, Interra York Centre, represented themselves. David Carter of Colliers International represented the seller in the transaction. York Centre is a four-story, multi-tenant office building situated on 5.35 acres at the ... Read More »

HOUSTON – (Realty News Report) – NCS Multistage, a provider of products and support services for oil and natural gas well completions and hydraulic fracturing, will relocate its headquarters to the Chasewood Crossing Three building located at 19350 Highway 249 in northwest Houston.  The company signed a 20,886-SF lease for the top floor of the new Class-A six-story development. NCS ... Read More »

HOUSTON – (Realty News Report) – Texas Tower, the newest office tower rising on the Houston skyline, has added to DLA Piper law firm to its roster of tenants, according to the building’s developers, Hines and Ivanhoé Cambridge. DLA Piper signed a lease for 31,000 square feet at the Texas Tower, the 47-story, one-million-square-foot office tower under construction in downtown ... Read More »

HOUSTON – (Realty News Report) – Finial Group, in partnership with Senterra LLC, has acquired the Harms Road Business Park, a five-building, 124,000-SF, crane-served industrial project in Northwest Houston. The seller, United Equities, was represented by JLL’s Trent Agnew, Charlie Strauss and Ethan Goldberg along with Travis Land of NAI Partners. Harms Road Business Park, situated on 9.8 acres, is ... Read More »

MARK YOUR CALENDAR – Thursday Jan. 30   Ralph Bivins will sign and discuss his book “Houston 2020: America’s Boom Town – An Extreme Close Up.”  5:00-7:00 p.m. River Oaks Bookstore, 3270 Westheimer, across from Lamar High School. …………………………………………………………. HOUSTON – (Realty News Report) – Kimberly DeVos of Cypressbrook Company represented the buyer, Declaration Church, in the purchase of 85.71 acres on Highway ... Read More »

HOUSTON – (Realty News Report) – Medicine is in the Houston real estate industry’s DNA – almost as much as energy is. With 1,345 total acres and $25 billion in GDP, the Texas Medical Center is the eighth largest Business District in the U.S. TMC’s campus encompasses 50 million developed square feet to say nothing of 9,200 total patient beds. ... Read More »

HOUSTON – (Realty News Report) – The River Oaks Bank Building, a 170,233-SF boutique office building in the heart of the affluent River Oaks neighborhood has been sold. The 14-story tower was acquired by a joint venture of Houston-based Fuller Realty Partners and Independencia Asset Management. JLL represented the seller, a client advised by L&B Realty Advisors, LLP, and procured ... Read More »

HOUSTON – (Realty News Report) – Julio Laguarta, a leader in the Houston real estate industry and former president of the National Association of Realtors, passed away on Jan. 3. He was 86. Laguarta was a key figure in assembling 32 downtown blocks in early 1970s for Texas Eastern, one of the most significant urban land assemblages ever completed in ... Read More »