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Author Archives: rnrbivins

Shopping Centers and the Retail Armageddon: Q&A with Jason Gaines of NAI Partners

HOUSTON – (Realty News Report) – With the explosion in online buying, the retail sector was forecast to be in the tank by now. Bricks and mortar stores were passé; buying on the web was the fashion of the day. But the retail apocalypse hasn’t happened yet. To find out why – and to determine the health of the Houston ... Read More »

Mexico-Based Firm Buys Houston Building

HOUSTON – (Realty News Report) – GBP Properties, a real estate investment firm based in Monterrey, Mexico, acquired a 30,000 SF industrial building occupied by GE Oil & Gas. The property at 11150 Equity Drive is located in Westway Park just off of Beltway 8 north of Clay Road in northwest Houston. GE Oil & Gas has occupied the space ... Read More »

The Evolution of Office Space: What Today’s Tenant Want

LAS VEGAS – (Realty News Report) – Offices today are more varied, with open floor plans and fewer – and more compact – offices. Building lobbies are being expanded and shops are no longer hidden behind walls. And fitness centers– long relegated to some of the worst space in a building — are now located prominently in the building with ... Read More »

Green Building: New Austin Master Planned Community Offers Geothermal Energy

AUSTIN – (By Dale King, Realty News Report) – Whisper Valley, a large planned community under development development in the area Austin area, is tapping alternative, sustainable energy sources, including geothermal energy, for all its heat and air conditioning needs. Though Whisper Valley is not the first project to feature sustainable, energy-smart homes, the project’s developer says it is the ... Read More »

Hotel Trends: F&B, Design Teams and a Realistic Look at Airbnb

LAS VEGAS – (Realty News Report) – As more and more guest demand an authentic experience, increasing numbers of hotels are creating different opportunities for food & beverage (F&B). That was one of the takeaways from the “Hotel and Casino Trends:  New Designs and Luxuries” panel at the 52nd annual real estate journalism conference of the National Association of Real ... Read More »

Houston Home Sales Strong in May; Prices Hit Record Levels

HOUSTON – (Realty News Report) – Houston real estate market remained strong in May with more than 8,000 single-family homes sold. It was only the third time that single-family sales have surpassed the 8,000-mark in Houston, according to the Houston Association of Realtors reported Wednesday  According to the latest monthly report from HAR, 8,157 single-family homes sold in May, a ... Read More »

Interest Rates, Economy, Lead Top 10 Issues Facing Real Estate Markets, CRE Reports

LAS VEGAS – (Realty News Report) –  Interest rates and the economy head the list of Top Ten issues affecting real estate this year the Counselors of Real Estate — the invitation-only professional association for leading real estate advisors – announced today. Joseph G. Nahas, Jr., CRE, 2018 chair of The Counselors of Real Estate noted that this year, the ... Read More »

Prime Redevelopment Site Coming Into Play

HOUSTON – (Realty News Report) – The Coca-Cola bottling facility near West University Place – expected to be vacated in a couple of years when Coke moves to the suburbs – will be one of the most potent redevelopment sites to hit the market in years. “The Coca-Cola site will attract the attention of all the quality developers in our ... Read More »

LBJ Monument to be Built in Downtown Houston

HOUSTON –  (Realty News Report) – A fundraising campaign, kicked off with a $250,000 grant from the Brown Foundation, has started with the goal of creating an 8-foot statue and a monument to honor President Lyndon Baines Johnson. The monument will be located on a tract, called Little Tranquility Park, on a downtown block bounded by Capitol, Walker, Bagby and ... Read More »

Trammell Crow/Hanover Apartment Tower Expected to Sell for $325 Million

AUSTIN – (Realty News Report) – Northshore, a 38-story downtown apartment tower developed by Houston-based Hanover Co. and Trammell Crow’s High Street Residential, is being offered for sale. The 439-unit tower, completed in 2016, is located at 110 San Antonio St. at Second Street. The building has views of Lady Bird Lake. The project includes 52,000 SF of office and ... Read More »

JLL: Energy Companies Taking Conservative Approach to Office Leasing This Time Around; SF Per Employee Down 40%

HOUSTON – (Realty News Report) – Houston’s office market has a 9.5 million SF supply of sublease space and 76 percent of that comes from energy companies, according to JLL’s 2018 North American Energy Outlook report. Even though oil is back above $60 a barrel, energy firms are being more conservative about leasing office space – leasing smaller spaces with ... Read More »

The State of the Commercial Real Estate Market, June 5, 2018

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – When Welcome Wilson Sr. put together the money for his first development, Jamaica Beach in Galveston, oil was $2 a barrel, the Texas Railroad Commission controlled the worldwide price of oil and Eisenhower was president. “I was always taught to respect my elders and now I only have one left ... Read More »

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