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Author Archives: rnrbivins

Six Self-Storage Facilities Sold

HOUSTON – (Realty News Report) – CBRE announced the sale of a six-property self-storage portfolio in the greater Houston area for an undisclosed amount to a public non-traded real estate investment trust sponsored by SmartStop Asset Management. CBRE’s Nick Walker, John Fenoglio and Trevor Roberts represented the seller, Metro Mini Storage. SmartStop Asset Management is a California real estate company ... Read More »

Historic Redevelopments Providing a New Lease on Life : Q&A with William R. Franks

HOUSTON – (Realty News Report) – Years before it was popular, William R. Franks, president of William R. Franks Real Estate, defied the demolition craze. Rather than tear down Houston’s historical structures, Franks gave them a new lease on life. Among his developments that fused the past and the present was the JW Marriott Houston Downtown, housed in the historic ... Read More »

Emerson Buys Westchase Building

HOUSTON – (Realty News Report) – Emerson, a technology and engineering firm based in St. Louis, has acquired a two-story, 151,000-SF building at 6001 Rogerdale Road in Westchase. JLL’s Rudy Hubbard, Kevin McConn and Rick Goings handled the sale with Curtis Stanton of Axiom representing Emerson. The seller was 111 Realty OPO LLC of Fort Worth. Emerson already owns the ... Read More »

CBRE: Houston has 152 New Hotels in the Pipeline

HOUSTON – (Realty News Report) – New hotels are being built in Houston faster than you can say: “No Vacancy.” Houston has 152 new hotels (a total of 15,846 rooms) in the development pipeline, according to Rahul Bijlani, senior vice president of the CBRE Hotels group. Not all of the 152 proposed hotels will actually break ground, but many are ... Read More »

First Home of the Astros: Restoring the Astrodome – Q&A with Judge Ed Emmett

HOUSTON – (Realty News Report) – The Astrodome played an important role in the development of Space City and Houston’s reputation as a can-do city. The Astrodome – formally named the Harris County Domed Stadium – opened in 1965. For decades, it was the home of the Houston Astros, the city’s winning team which is currently competing in the American ... Read More »

Fidelis Acquires 855,000 SF Retail Portfolio

HOUSTON – (Realty News Report) – Fidelis Realty Partners, a Houston retail center developer, has acquired an 885,000-SF portfolio of three retail properties in Texas. Chris Gerard, Mark Witcher and Blaine Dozier of CBRE represented the seller, InvenTrust Properties. The portfolio includes the 272,535-SF Riverstone Shopping Center in Missouri City; the 370,367-SF Victory Lakes Town Center on the Gulf Freeway ... Read More »

Hanover Acquires Buffalo Bayou Tract for $30.6 Million for High-Rise

HOUSTON – (Realty News Report) – An affiliate of Hanover Co., a Houston firm that develops high-rise apartment towers, is acquiring a 4.5-acre site near Buffalo Bayou Park, just west of downtown. The site, 3540 West Dallas, will be acquired from the City of Houston for $30.6 million after being listed by David Cook of Cushman & Wakefield. The property, ... Read More »

BP Lower 48 Leases 91,000 SF in Energy Corridor

HOUSTON – (Realty News Report) – BP Lower 48 has leased 91,000-SF in Skanska’s West Memorial Place II building at 15373 Memorial Drive in the Energy Corridor. The building was one of many properties that suffered damage in Hurricane Harvey last year. BP Lower 48, which moved its headquarters last month to a new Trammell Crow building in Denver, is ... Read More »

MetroNational Sells 3 Houston Office Buildings

HOUSTON – (Realty News Report) – MetroNational has sold three suburban Houston office properties totaling 230,506 SF. The properties are located at 2930 West Sam Houston Parkway, 10401 Centrepark Drive and 15150 Memorial Drive. HFF’s Dan Miller and Trent Agnew procured three separate buyers for the buildings.  2930 West Sam Houston Parkway was purchased by Amerix Capital.  Enterprise Holdings, Inc. was ... Read More »

True friendship: Amy Bernstein on the Nancy Owens Breast Cancer Foundation

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – On September 7, 2001, Nancy Owens, a much loved and respected legend in the Houston real estate arena, lost her courageous 20-year battle with breast cancer. One of Nancy’s final wishes was to dedicate a large part of her life to the fight against breast cancer and the continued ... Read More »

Houston’s Emerging Future: Q&A with Dan Bellow of JLL

HOUSTON – (Realty News Report) – Houston is at a cross roads. The office market is still recovering from the energy slump. The energy sector, battered by price fluctuations over the past several years, seems to be stabilizing. The Texas Medical Center, a pillar of the city’s economy, is expanding. What does this all mean for the future? Realty News ... Read More »

Transocean Leases 300,000 SF in Energy Corridor

HOUSTON – (Realty News Report) – Transocean has leased the entire 300,000-SF Enclave Place building, which has been vacant since construction was completed in 2015 at 1414 Enclave Parkway in the Energy Corridor. The building’s owner, Piedmont Office Realty Trust of Atlanta, was represented by Damon Thames and Connor Saxe of Colvill Office Properties. Transocean was represented by David Bale ... Read More »

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