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Author Archives: rnrbivins

Finial-Senterra Partnership Acquires Business Park in Northwest Houston

HOUSTON – (Realty News Report) – Finial Group, in partnership with Senterra LLC, has acquired the Harms Road Business Park, a five-building, 124,000-SF, crane-served industrial project in Northwest Houston. The seller, United Equities, was represented by JLL’s Trent Agnew, Charlie Strauss and Ethan Goldberg along with Travis Land of NAI Partners. Harms Road Business Park, situated on 9.8 acres, is ... Read More »

Real Estate News Briefs – Houston, Regional and National – Presented by “Houston 2020: America’s Boom Town” The Timely Book by Ralph Bivins

MARK YOUR CALENDAR – Thursday Jan. 30   Ralph Bivins will sign and discuss his book “Houston 2020: America’s Boom Town – An Extreme Close Up.”  5:00-7:00 p.m. River Oaks Bookstore, 3270 Westheimer, across from Lamar High School. …………………………………………………………. HOUSTON – (Realty News Report) – Kimberly DeVos of Cypressbrook Company represented the buyer, Declaration Church, in the purchase of 85.71 acres on Highway ... Read More »

Medical Properties 2020 – Q&A with Beth H. Young of Colliers International

HOUSTON – (Realty News Report) – Medicine is in the Houston real estate industry’s DNA – almost as much as energy is. With 1,345 total acres and $25 billion in GDP, the Texas Medical Center is the eighth largest Business District in the U.S. TMC’s campus encompasses 50 million developed square feet to say nothing of 9,200 total patient beds. ... Read More »

River Oaks Bank Building Acquired

HOUSTON – (Realty News Report) – The River Oaks Bank Building, a 170,233-SF boutique office building in the heart of the affluent River Oaks neighborhood has been sold. The 14-story tower was acquired by a joint venture of Houston-based Fuller Realty Partners and Independencia Asset Management. JLL represented the seller, a client advised by L&B Realty Advisors, LLP, and procured ... Read More »

In Memoriam: Julio S. Laguarta

HOUSTON – (Realty News Report) – Julio Laguarta, a leader in the Houston real estate industry and former president of the National Association of Realtors, passed away on Jan. 3. He was 86. Laguarta was a key figure in assembling 32 downtown blocks in early 1970s for Texas Eastern, one of the most significant urban land assemblages ever completed in ... Read More »

Houston Multifamily Firm Buys San Antonio Community

SAN ANTONIO – (Realty News Report) — The Barvin Group, a Houston-based multifamily investment, development and management firm, has acquired the Rivera multifamily community in San Antonio’s Broadway Corridor, a district that is rapidly transforming into a true live-work-play destination. The seller, Cypress Real Estate Advisors, an Austin-based real estate investment firm was represented by Newmark Knight Frank Vice Chairman ... Read More »

Redo Underway at the 1001 Fannin Tower in Downtown Houston

HOUSTON – (Realty News Report) – A multi-million-dollar renovation is underway at the 49-story 1001 Fannin building in downtown Houston. The 1.3 million square-foot Class A office building is located about three blocks from Discovery Green park. The tower’s modernization project includes a new 8,000-square-foot fitness center adjacent to an all new tunnel-level tenant lounge fully equipped with a variety of ... Read More »

Jackson Named President of Stream Realty Partners

DALLAS – (Realty News Report) – Stream Realty Partners, a full-service national commercial real estate investment, development and services company, announced that Chris Jackson has been promoted to president of the firm. “I’m honored to take on the role of president of Stream Realty Partners and appreciate both the opportunity and confidence co-founders Mike McVean and Lee Belland have shown in me,” ... Read More »

Houston Realtors: 2019 was the Best Year Ever For Home Sales

HOUSTON – (Realty News Report) – Houston home sales hit a record high in 2019 with 86,205 single-family home sales, up 4.8 percent from 2018, the Houston Association of Realtors reported Wednesday. The housing market was fueled by low mortgage rates below 4 percent, with good job growth and a more plentiful supply of homes for sale. “We finished the ... Read More »

Record Construction: 112 Buildings (19.1 Million SF) of Underway in Houston Industrial Market, Avison Young Reports

HOUSTON – (Realty News Report) – At year-end, Avison Young reports 19.1 million SF of industrial space is under construction in 112 buildings in the Houston area, a record high. Growth of industrial sector is fueled by expansion in e-commerce and activity at the Port of Houston. Year-end vacancy stood at 6 percent and 2 million SF was absorbed in ... Read More »

The 2020 Outlook for Houston’s Office Market: Q&A with Chip Colvill of Colvill Office Properties

HOUSTON – (Realty News Report) – Houston is awash in office space.  Over 50 million square feet of space is vacant. The overall vacancy rate in the Houston office market is over 21 percent, most researchers say, and the Energy Corridor vacancy rate is over 30 percent. Downtown has its share of vacancy, too. What are building owners doing to ... Read More »

E-Commerce Backwash – Return of Gifts Puts a Strain on Warehouses in the Supply Chain … ( In the Industry, they call it ‘Reverse Logistics’)

HOUSTON – (Realty News Report) – Today, America’s warehouses are experiencing the backwash from the e-commerce boom. January 2 will be the peak day for merchandise returns with an estimated 1.9 million packages heading back from buyers to sellers on this day alone, according to a new CBRE report. The wave of returns requires a great deal of warehouse space. ... Read More »

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