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Houston Home Sales are On Track for a Record-Setting Year

HOUSTON – (Realty News Report) – Houston’s residential realty market is on pace to have a record year. On a year-to-date basis, home sales are 4.6 percent ahead of 2017’s record volume. According to the latest monthly report from the Houston Association of Realtors, 6,159 single-family homes sold in November compared to 6,285 a year earlier, or a decline of ... Read More »

Koontz Breaks Ground on Multifamily Project Near USAA HQ

SAN ANTONIO — (Realty News Report) – Koontz Corporation, a San Antonio-based firm led by Bart Koontz, has broken ground on a Palmetto Pointe, a 328-unit apartment community located in the city’s northwest submarket. The project is located between USAA and the South Texas Medical Center – the two largest private employers in San Antonio. “We are fortunate to have ... Read More »

Trendmaker Homes Expands Into Dallas with Acquisition of Two Builders

DALLAS – (Realty News Report) – The Trendmaker Homes brand, a familiar name in Houston housing, is expanding into the Dallas-Fort Worth market with the $60 million acquisition of two Dallas builders by Trendmaker’s parent company, Tri Pointe Group. Tri Pointe Group, one of the top ten largest public homebuilders in the United States , announced that it is expanding ... Read More »

Major Office Lease Signed in Kirby Collection

HOUSTON – (Realty News Report) – PROS Holdings, a Houston-based software cloud company, leased 118,000 SF in the new Kirby Collection tower, a 13-story building developed by Thor Equities Group on Kirby Drive. PROS leased all of the remaining office space in the Kirby Collection, a 186,000-SF tower at 3200 Kirby. The site is on the west side of Kirby ... Read More »

‘Housing is Broken’ – John McManus Tells Hive Conference

AUSTIN – (By Ralph Bivins, Realty News Report) – The nation’s housing market “is broken” because buying a new home is not an attainable goal for many middle-class Americans, according to national housing expert John McManus, vice president and editorial director of Hanley Wood’s residential group. Millions of new jobs have been created in recent years, McManus said, with the ... Read More »

Real Estate and the Texas Medical Center: Q&A with Bob Parsley of Colliers International

HOUSTON – (Realty News Report) – Mention Houston to a non-resident and the first thing they usually mention is energy. Increasingly, the second is medicine – and for a good reason. The Texas Medical Center (TMC) is the largest medical complex in the world—and home to the brightest minds in medicine. The sheer size and operation of the TMC is ... Read More »

Nicholas Residential Buys 2,115 Houston Apartment Units

HOUSTON – (Realty News Report) – Nicholas Residential, a Dallas-based real estate investment firm, purchased the Beltway Portfolio, a collection of six multifamily properties located throughout the Houston area totaling 2,115 units. Justin Shuart and Jason Pumpelly, with Cushman & Wakefield’s Equity, Debt and Structured Finance team in Dallas, arranged the equity on behalf of Nicholas Residential. The seller was ... Read More »

XTO Energy Building in Fort Worth is Sold, as Shale Company Moves to Houston

FORT WORTH – (Realty News Report) – Tennessee-based Development Services Group acquired the historic 714 Main building in downtown Fort Worth. XTO Energy, a shale company owned by Exxon Mobil, recently left the 24-story building as part of it relocation of 1,000 XTO employees to the firm’s corporate campus in Springwoods Village, north of Houston. JLL’s Ryan Matthews represented Exxon ... Read More »

What’s Next for Houston’s Apartment Market? – Q&A with Martin Fein

HOUSTON – (Realty News Report) – Houston’s multifamily sector has gone through several gyrations over the past 18 months. With an oversupply of units in the first half of last year to a scarcity of product following Hurricane Harvey to an equilibrium today, the market seems to have returned to more normal times.  Or has it? To find out, Realty News Report spoke with Martin Fein, CEO of Martin ... Read More »

Logistics Property Co. to Build 1.7 Million SF in Southwest Market

HOUSTON – Chicago-based Logistics Property Co. is developing CityPark Logistics Center, a 97-acre business park in the southwest Houston submarket. The project, located at the intersection of Highway 90 and the Sam Houston Tollway, will have 1.7 million SF in seven buildings. Robert Wheless heads the firm’s Houston office. JLL’s John Talhelm and Kevin Erck will handle leasing. Phase I ... Read More »

Designing Houston’s New Double Helix Landmark and $3B in Construction: Q&A with Abbey Roberson, Planner at Texas Medical Center

HOUSTON – (Realty News Report) – Texas Medical Center is the largest medical complex in the world. Some 180,000 surgeries are performed there annually. Every 20 minutes, a baby is delivered. Long a pillar of Houston’s economy,  the TMC not only is home to some of  the brightest minds in medicine, but also to $3 billion in construction and more than 106,000 employees. TMC projects encompass 50 million ... Read More »

TEXAS NEW HOME PRICES CONTINUE UPWARD TREND

HOUSTON – (Realty News Report) – The strength of the Texas housing market continued in October with home prices increasing for the second consecutive month, according to the HomesUSA.com. Average new home prices rose statewide to $357,547 in October from $355,821 in September. The Dallas-Ft. Worth market takes top billing with the highest new home price at $374,871 and remains ... Read More »

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