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GenCap Developing Multifamily Project in Northeast Houston

HOUSTON – (Realty News Report) – GenCap Partners, a Dallas-based multifamily real estate company, acquired 17 acres on West Lake Houston Parkway in Humble and plans to develop a 350-unit apartment complex on the land. The new development, called The Sarah at Lake Houston, is located at 17810 West Lake Houston Parkway on the northeast side of Houston. The site ... Read More »

Three Pillars Capital Buys Class B Multifamily Near Greenspoint Mall

HOUSTON – (Realty News Report) – Three Pillars Capital Group, a Houston-based multifamily real estate investment firm acquired the Pine Lake Village Apartments in Houston’s Greenspoint area.  “This deal was made possible by our existing relations in a true off-market transaction,” said Josh Welch, founder and managing principal of Three Pillars Capital Group. “We are proud to add this property ... Read More »

Rooftop Redo: Phoenix Tower Sky Terrace Updated

HOUSTON – (Realty News Report) – The owners of the 34-story Phoenix Tower in Greenway Plaza have completed renovation of the Sky Terrace on the ninth floor of the building. The renovations include replacement of existing St. Augustine grass with artificial turf, improvement to the Terrace’s serene reflection pool, the incorporation of new seating areas with assorted lawn games, and ... Read More »

Next Gen Mixed-Use Development – Keeping it Fresh

AUSTIN – (Realty News Report) – Mixed use real estate developments, while extremely popular today, can’t be built just anywhere and must follow certain criteria, according to Jonathan Brinsden, chief executive officer of Houston-based Midway a privately-owned, fully integrated real estate development and investment firm. Brinsden spoke from experience – Midway boasts nine mixed use projects in Houston that have been completed, under construction or on ... Read More »

The Evolution of the Skyscraper

(REALTY NEWS REPORT) – With greenscaped terrace roof decks, public gardens on level 12, multiple food and beverage offerings and abundant spaces for networking, Texas Tower – now under construction in downtown Houston by Hines and Canada’s Ivanhoé Cambridge — is designed to attract and retain talent. Created by Pelli Clarke Pelli and scheduled to open in late 2021, Texas ... Read More »

The Top 10 Issues Facing Real Estate Today: Report from Counselors of Real Estate

AUSTIN – (Realty News Report) – The biggest issues affecting the nation’s real estate industry were revealed by the Counselors of Real Estate on the first day of the National Association of Real Estate Editors 2019 conference in Austin. Over 1,100 real estate experts representing 50 different disciplines within the industry voted on the Top 10 most impactful issues for ... Read More »

Austin is the Best Hotel Market in Texas, a Strong State for Hospitality

AUSTIN – (Realty News Report) – The major hospitality markets in Texas are all solid, with Austin leading the state, reports John M. Keeling, executive vice president of Houston-based Valencia Hotel Group, a leading luxury hospitality management company. “Austin’s hospitality market continues to be strong,” said Keeling. “The city has a diverse economy with high-tech Silicon Gulch, the universities, and ... Read More »

20 Greenway Building Purchased

HOUSTON – (Realty News Report) – Los Angeles-based Stockdale Capital Partners acquired 20 Greenway Plaza, a 433,132-SF Class A “creative” office building located in Houston’s Inner Loop. HFF represented the seller, Principal Real Estate Investors, and procured the buyer.  Additionally, HFF placed the seven-year, fixed-rate acquisition loan with Cigna Realty Investors. The HFF investment advisory team representing the seller was led by ... Read More »

Single-Family Investment Activity Hits Record High, Reports CoreLogic

HOUSTON – (By Dale King, Realty News Report) – Investors, speculators and “mom & pop” wheeler-dealers are buying up homes at a record pace either to rent, flip or knock down and rebuild, says a national home purchasing activity report just released by CoreLogic Inc. In fact, the account says the portion of homes in the US market being acquiredby ... Read More »

NIT Industrial Buys Land for Spec Project

BAYTOWN, Texas (Realty News Report)  – An entity affiliated with NIT Industrial LLC has acquired 12.8 acres in the Cedar Port Industrial Park for a four-building spec industrial park with 204,000 SF. The tilt-wall buildings will be about 50,000 SF each. Jason Tangen of Colliers International represented the buyer. The seller TGS Cedar Port Partners was represented by Joel Michael ... Read More »

Tallest Skyscraper in Texas to be Sold for $627 Million

HOUSTON – (Realty News Report) – Hines, in partnership with  Cerberus Capital,  has agreed to acquire the 600 Travis building, a 75-story  office property known as the tallest tower in Texas. That’s according to Real Estate Alert, which reported the sales price is around $627 million or $300 per SF. The seller is Prime Asset Management, which is controlled by family ... Read More »

Major Development Proposed for Former Chevron Tract on Loop 610 in Bellaire; But Vision Must Overcome Zoning Hurdles

BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) – A major development is being planned for the former Chevron property in Bellaire. The 30-acre tract shines with potential with frontage on Loop 610. It’s just over a mile from the Galleria. And it’s near hundreds of million-dollar homes. Investor Danny Sheena of SLS Properties recognized the potential and he ... Read More »

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