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Work & Mother Services Breastfeeding Facility Added to Allen Center Amenity Offerings

HOUSTON – (Realty News Report) – Work & Mother Services – a network of fully equipped pumping facilities support community and educational resources for working mothers who are breastfeeding – has signed a lease at the Three Allen Center building in downtown Houston. The new Work & Mother facility at Three Allen Center, 333 Clay St., will be its second ... Read More »

Midtown Whole Foods (with Briggo Coffee Outlet) to Open Soon in new Morgan Mixed-Use Project in Midtown

HOUSTON – (Realty News Report) – Whole Foods Market, complete with a Briggo coffee outlet, is scheduled to open Nov. 7 at 515 Elgin Street. Whole Foods will be below the new Pearl Marketplace apartments. The new mixed-use midrise at 3120 Smith St. contains 264 residential units, comprised of studios, urban one bedrooms, one bedrooms and two bedrooms, above a 40,000-square-foot Whole ... Read More »

EastGroup Properties Begins Construction on Houston Project

HOUSTON – (Realty News Report) – EastGroup Properties has begun construction on a three-building industrial complex in northwest Houston. The 278,000-SF development, known as Northwest Crossing, is located on the southwest quadrant of the Interstate 290 and State Highway 6. JLL’s Richard Quarles, Jarret Venghaus, and Geoff Perrott will lease the facilities on behalf of East Group Properties. The three ... Read More »

Indus Buys Another Value-Add Apartment

HOUSTON – (Realty News Report)  – Indus Management Group, a Houston multifamily firm led by Manu Gupta, acquired the 144-unit Mark VI apartments, value-add community at 5606 Bissonnet St. in Southwest Houston, just west of Chimney Rock Road. JLL marketed the property on behalf of the seller, AK Interests, and procured the buyer. The JLL Capital Markets team representing the seller was ... Read More »

Virginia Company Makes Tenth Houston Purchase

HOUSTON – (Realty News Report) – Thirty Seventh Parallel firm of Richmond, Va. has acquired the 300-unit Cashel Springs Apartments, its tenth acquisition in Houston. Cashel Springs Apartments, 1422 Wunderlich Drive near Willowbrook Mall in northwest Houston, were built in the 1980s. The price represented a 45 percent discount to replacement cost, said Dan Chamberlain, COO of the company. The ... Read More »

Real Estate Briefs – from Realty News Report

HOUSTON – Colliers International announced that Action Behavior Centershas leased 10,709 SF at 2620 Technology Forest Drive in The Woodlands. Elena Bakina of Colliers represented the tenant in lease negotiations with the owner, Black Forest Ventures. Action Behavior Centers, founded in Austin, now has six Houston area locations. It provides Applied Behavior Analysis therapy for children with autism.…………………………………………… Commercial real ... Read More »

Land Tejas Acquires 856 Acres for Master Planned Community with 2,500 Homes

HOUSTON – (Realty News Report) – The Land Tejas development company has acquired 856 acres of land for a master planned community with 2,500 homes in northwest Harris County. The property is located north of FM 529, west of Fry Road and east of The Grand Parkway in northwest Harris County. “Demand for homes in the Cypress area has been ... Read More »

Kimpton Boutique Hotel Announced for the Laneways Mixed-Use Development in Midtown Houston

HOUSTON – (Realty News Report) – Kimpton Hotels & Restaurants  will open a 204-room boutique hotel in the Laneways development in Midtown in the Inner Loop of Houston. The hotel will be part of a three-block development bounded by Main, Fannin, Tuam and McGowen streets, which is being developed by Caydon, an Australian development firm. “Houston is the ideal place to ... Read More »

Midway’s Century Square Development in College Station Refinanced

HOUSTON – (Realty News Report) – JLL has arranged a $42 million refinancing for Century Square, a 60-acre mixed-use development with 159,128 square feet of retail and 57,204 square feet of office space adjacent to Texas A&M University in College Station. JLL worked on behalf of the borrower, a partnership between Houston-based Midway Companies and Chicago-based Harrison Street, to place the non-recourse ... Read More »

A Rarity: Investor Buys Inner Loop Workforce Apartment Community

HOUSTON – (Realty News Report) – The Place at Greenway, a 219-unit, garden-style apartment community near Greenway Plaza has been sold. The complex is one of a shrinking number of workforce multifamily properties in the inner core of Houston. Located in Houston’s Inner Loop, the Place at Greenway sits on six acres at 3333 Cummins Street near the intersection of Richmond Avenue ... Read More »

Lionstone Acquires Majority Stake in CityCentre Five Office Building

HOUSTON – (Realty News Report) – Midway has sold a majority interest in the CityCentre Five building, a 201,000-SF office building in West Houston. JLL’s Kevin McConn, Rudy Hubbard, Rick Goings, and Michael Zietsman represented the owner, Midway Companies. A majority interest in the property was purchased by Lionstone Investments on behalf of a client for an undisclosed price. Midway ... Read More »

‘Keeping Austin Weird’ While Institutional Real Estate Investors Invade Downtown

AUSTIN – (By Ralph Bivins, Realty News Report) – You don’t hear the slogan “Keep Austin Weird” much anymore when you visit Austin. The Armadillo World Headquarters is gone. Threadgill’s is closed and its prime site near downtown is awaiting some marvelous new development. Austin’s tallest building, The Independent, a 58-story condo tower the locals call “Jenga Tower” just opened ... Read More »

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