Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Weingarten Realty has sold the Northbrook Shopping Center, a 174,181-SF grocery-anchored retail center in Houston, located at 5264 W. 34th Street. Houston-based Wu Family Trust purchased the retail center for undisclosed price. Northbrook Shopping Center is located in a densely populated area in Houston along US 290 with over 140,000 residents within a three-mile radius. ... Read More »

HOUSTON – (By Dale King, Realty News Report) – A study by RENTCafé.com, a nationwide apartment search website, offers two conclusions about large cities in Texas. The rents are fairly cheap, and they don’t vary much. “The peak rental season is coming to an end,” the study says. “And the average US apartment rent is winding down, too, as it experiences ... Read More »

HOUSTON – (Realty News Report) – Ralph Bivins, an author and journalist focused on Houston real estate and development issues, will deliver the Keynote Presentation at the CoreNet Houston – 2019 Education Day. Bivins’ new book Houston 2020: America’s Boom Town – An Extreme Close Updelves into future growth issues facing Houston as it overtakes Chicago to become the nation’s ... Read More »

PITTSBURG, Texas – (Realty News Report) – A mansion that was custom-built for Lonnie Alfred “Bo” Pilgrim, founder of Pilgrim’s Pride, one of the largest chicken producers in the nation, is for sale. An 18,000-SF home in the East Texas community of Pittsburg, which is about 100 miles east of Dallas, will be sold in auction next month via Concierge ... Read More »

HOUSTON – (Realty News Report) – NAI Partners Investment Fund, through its Investment Fund III has acquired Point West Business Park, a 146,000-SF flex industrial park located just south of the Westchase District. The fund acquired the project off-market from Interra Capital Group. Andrew Pappas and Adam Hawkins of NAI Partners’ Investment Fund negotiated and closed the deal alongside Todd ... Read More »

HOUSTON– (Realty News Report) – An affiliate of  Sealy & Co., an industrial commercial real estate firm, acquired a 479,806 SF distribution warehouse on the west side of the Houston metropolitan area. The building is occupied by Broad Ocean, a manufacturer which is a supplier of Daikin. Daikin recently completed a 4.2 million SF air conditioning manufacturing plant in the ... Read More »

GRAPEVINE, Texas – (Realty News Report) – NewcrestImage, a hotel and real estate development company, has started construction on an 80,000 SF four-floor office building in Grapevine, within the company’s 52-acre SilverLake Crossings master-planned development, about two miles north of DFW Airport. The company’s headquarters will occupy one floor of the building when it is completed in the summer of ... Read More »

HOUSTON – (Realty News Report)– Ralph Bivins, author of Houston 2020: America’s Boom Town – An Extreme Close Up, will be discussing the future of Houston Tuesday morning at Greenway Plaza. “Houston is at a crossroads, facing incredible challenges as it expands to become the nation’s third largest city,” said Bivins. “Will Houston’s leaders find solutions to make it the world-class metropolis ... Read More »

HOUSTON – (Realty News Report) – Madison Marquette along with investment partner AECOM Capital, celebrated the topping out of a 30-story for-rent residential high-rise located on a 1.16-acre site at 3300 Main Street in Houston’s Midtown district. The tower, The Travis, and will include 328 multifamily units and 15,000 SF of ground-floor retail. “Having achieved this significant construction milestone, we are ... Read More »

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – The latest gem from Houston’s Zadok family – a mixed-use development sited at 1801 Post Oak Blvd. in Uptown Houston – broke ground this morning at an event highlighting what is to come. Plans call for a five-story, 112,000-square-foot building on the nearly 1.65-acre property the Zadoks purchased in 2011. Construction ... Read More »

BRYAN, Texas – (Realty News Report) – Boston-based West Shore LLC, has acquired Broadstone Traditions, a 261-unit residential community located in Bryan, a municipality located northwest of Houston. This is West Shore’s third major acquisition in the Bryan-College Station metropolitan area, an “increasingly popular hub ” for young professionals, academics and recent graduates, given its close proximity to Texas A&M ... Read More »

Lee & Associates – Houston, a nationwide commercial real estate services firm, has been engaged by Hardy Properties at Intercontinental to lease its divisible 865,000 SF business park at 15534 West Hardy Road, Houston. ………………………………………………. NAI Partners recently arranged the lease of 13,750 SF in a standalone manufacturing building at 9797 Galveston Road for tenant Xterra Trench Shieldsi n Houston. NAI Partners’ ... Read More »