Realty News Report Covering Commercial and Residential News

HOUSTON – (By Dale King, Realty News Report) – Houston has nary a single master-planned community (MPC) in the nationwide Top 10 list in RCLCO Real Estate Advisors’ 2018 Housing and Community Preference Survey. But don’t fret. The Bayou City makes up for this extremely minor shortcoming in many superlative ways. In fact, the RCLCO document says Houston has more ... Read More »

HOUSTON – (Realty News Report)  – NAI Partners recently arranged a 28,371-SF retail lease for Lucky Penny of Houston at 211 FM 1960 Road West in Houston. — Houston’s fifth-largest new retail lease of the fourth quarter of 2018, according to CoStar data. NAI Partners’ Laura Diggs represented the tenant in the transaction and NAI Partners’ Chris Holder represented the ... Read More »

HOUSTON—(Realty News Report) – Houston apartment developer Ric Campo was appointed Chairman of the Port Commission of the Port of Houston Authority Thursday by the City of Houston and Harris County Commissioners Court. Campo is Chairman and CEO of Camden Property Trust, which owns 159 apartment community with 54,480 units around the nation.  “The best is yet to come for ... Read More »

BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) – Redeveloping one of the oldest shopping centers in the Houston area means losing some familiar tenants and getting new ones.  Bellaire Town Center, owned by the Shears family’s SDI Realty, has stood at the corner of Bellaire and S. Rice for almost seven decades. The centrally located shopping and ... Read More »

HOUSTON – (Realty News Report) – The consensus among local real estate pros is 2019 will be a good year for real estate in Houston. And it’s a plausible narrative. For one thing, job growth has been excellent. Some 114,400 new jobs were created in the 12 months ending in November.  The nattering nabobs of negativism say the   impressive job ... Read More »

Schiffer Hicks & Johnson, PLLC, a law firm specializing in energy, healthcare, construction, corporate and securities litigation and appellate cases, has signed a 10,875 SF lease at 700 Louisiana St. John Spafford with Madison Marquette/PMRG represented the landlord, Houston Pt BAC Office Ltd. Partnership. Jon Lee with CBRE in Houston represented the tenant. NAI Partners recently arranged a 2,000 SF retail ... Read More »

HOUSTON –  (Realty News Report) –  The Deloitte accounting firm has renewed its lease in Heritage Plaza in downtown Houston, according to the building’s owner, Brookfield Properties. Deloitte had been one of the major tenants in play in downtown Houston. Last year, the accounting firm had been mentioned as a possible tenant in the new Hines tower under construction on ... Read More »

HOUSTON – (By Dale King, Realty News Report) – Avenue, a local nonprofit group dedicated to building affordable homes and strengthening communities, has unveiled plans to develop Avenue Center, a new mixed-use community resource hub across from Moody Park in Near Northside, one of the pilot neighborhoods included in Mayor Sylvester Turner’s Complete Communities initiative. Avenue’s proposal to build the center ... Read More »

HOUSTON  – (Realty News Report) – Adkisson Group acquired 225 acres near Baytown for the development of a business park on the east side of Houston. The property, called Bay 10 Business Park, is located on the west side of Grand Parkway just south of I-10 East and is zoned for light industrial and heavy industrial uses. It’s currently home to ... Read More »

McAllen, Texas – (Realty News Report) – Vacancy in the industrial real estate market has reached an all-time low as strength in the warehousing/distribution sector has tightened commercial real estate availability. McAllen, just north of the Mexican border, was drawn into the national spotlight Thursday as President Donald Trump visited the city amid the ongoing immigration debate. The McAllen city ... Read More »

HOUSTON – (Realty News Report) – Downtown’s  Doubletree hotel is being rebranded the “C. Baldwin” hotel as part of a redo of the Allen Center development. The C. Baldwin is named after Charlotte Baldwin Allen, who has long been overshadowed by her more high-profile husband, Augustus Chapman Allen, the New York real estate speculator who co-founded Houston with his brother, ... Read More »

HOUSTON – (Realty News Report) – Houston had its best year ever for home sales in 2018, as strong job growth rocketed Houston housing to a new high. The Houston Association of Realtors reported 82,177 single-family home sales in 2018. It was the first time annual sales ever cracked the 80,000-sales barrier. Last year’s sales performance represented a 3.7 percent ... Read More »