Realty News Report Covering Commercial and Residential News
HOUSTON – (Realty News Report) – Wile Interests is developing the Medical Plaza West, a 70,000-SF Class A medical office building to be located in Wile’s Katy Green mixed-use development west of Houston. CBRE’s Brandy Bellow Spinks will lead the leasing effort on behalf of the developer, a Houston firm led by Randy Wile. Katy Green is located along the eastbound ... Read More »
Midland, Texas Ranks No. 1 in the Nation in Home Price Gains (Fracking Has Its Benefits)
MIDLAND – (By Dale King, Realty News Report) – The housing market in Midland, Texas, an oil and gas-rich town about 425 miles west of Houston, ranks Number 1 in the nation for price gains, says a recent survey released on realtor.com. “Midland is the fastest-[price] rising housing market in the United States,” declares the report conducted by SmartAsset. Midland’s ... Read More »
Hines Starting New Downtown Skyscraper on Former Houston Chronicle Site
HOUSTON – (Realty News Report) Hines has announced plans to start development on downtown Houston’s next skyscraper – a 1 million-SF tower built on the former site of the Houston Chronicle building, which has been demolished. Hines, a real estate development firm founded in Houston in 1957, will move its own headquarters into the new 47-story building, leaving the Williams ... Read More »
California Investor Buys 19 Houston Industrial Buildings
HOUSTON – (Realty News Report) – Wilson Investment Properties, a Silicon Valley-based real estate investment firm, acquired an industrial portfolio of 19 buildings in 6 industrial parks, primarily located in northwest Houston, spanning a total of 460,000 SF. The portfolio is leased to a diversified set of 103 tenants, including manufacturing, fabrication, and many local service businesses. It fared exceptionally ... Read More »
CDPQ Makes Investment in Avison Young
Toronto and Montréal, Canada – (Realty News Report) – Mark E. Rose, Chair and CEO of the Avison Young commercial real estate services firm, announced that Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional fund managers, has made a $250-million preferred equity investment to accelerate Avison Young’s strategic growth plan. Avison Young will use the ... Read More »
Patrinely Group Breaks Ground on 100,000-SF Mixed-Use Development in Springwoods Village
HOUSTON – (Realty News Report) – A joint venture led by Patrinely Group that also includes USAA Real Estate and CDC Houston, has broken ground on 100,000-SF mixed-use project in Springwoods Village north of Houston. The project will consist of a 50,000-SF, two-story office/retail building, located at 1401 Lake Plaza Drive in Spring, Texas and a 50,000-SF Star Cinema Grill. ... Read More »
As Hurricane Harvey Recovery Drags On, Houston Habitat For Humanity Relaxes Rules to Help More Flood Victims
HOUSTON – (Realty News Report) – Houston Habitat for Humanity, reacting to the devastation from Hurricane Harvey, has relaxed its requirement that applicants be first-time homebuyers. “With $125 billion in damage, 88 lives lost, 12,700 homes destroyed and 130,000 in need of repair, Houstonians continue to face a long road to recovery as the one year anniversary of Hurricane Harvey ... Read More »
History Trading on the NYSE? – Kabacoff New Orleans Historic Property Firm May Go Public
NEW ORLEANS – (Realty News Report) – HRI Properties, a New Orleans-based firm formerly known as Historic Restoration Inc., has retained the services of investment banking firms, indicating that the real estate company may file an IPO to take the company public, according to Bloomberg News. Years ago, HRI, founded by Pres Kabacoff, became a leader in the expanding trend ... Read More »
Space City: Waiting for Recovery of Houston’s Office Market – Q&A with Charles Herder of Colliers International
HOUSTON – (Realty News Report) – Space City is living up to its nickname: it has a lot of office space and the figures are increasing. According to Colliers International, Houston’s citywide vacancy rate stood at 21.7 percent in the second quarter, up from the 18.8 percent recorded in Q2 2017. The sublease problem, exacerbated by Occidental Petroleum dropping 800,000 SF ... Read More »
Historic Main Street Buildings Redeveloped
HOUSTON – (Realty News Report) – NewForm Real Estate, an investment firm led by Dan Zimmerman, has redeveloped two historic buildings at at the corner of Main and Commerce streets. The development includes the three-story Raphael Building, 110 Main Street, built in 1876; and the five-story Dorrance Building, 114 Main, built in 1903. The buildings have a total of 16,950 ... Read More »
Nokia Leases 350,000 SF in Billingsley’s Cypress Waters Project
DALLAS — (Realty News Report) – The City of Dallas and Billingsley Company, developer of Cypress Waters, announced that Nokia signed a lease for 350,000 SF to consolidate its Dallas-Fort Worth Metroplex operations and move its North American headquarters to Cypress Waters. Nokia will occupy two buildings in The Sound at Cypress Waters – the new lakefront, mixed-use neighborhood with ... Read More »
Energy Corridor Proponent David Wolff Makes Move on Highway 290
HOUSTON – (Realty News Report) – Wolff Companies has acquired 521 acres of land on U.S. 290 in Waller, northwest of Houston, for a mixed-use development that will include light industrial, distribution buildings, office and retail space. The property, just west of FM 362, and with elevation of 300 feet, the property will be known as Beacon Hill, one of ... Read More »
