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Three-Building Office Portfolio Acquired in Houston

HOUSTON – (Realty News Report) – Houston-based Hartman Income REIT has acquired a 254,225-SF portfolio of three office buildings in Houston. JLL marketed the properties on behalf of the seller, HighBrook Investors, a New York-based private equity firm. Overall, the portfolio is 55 percent leased. The portfolio includes two buildings in the Park 10 Business Park in the Energy Corridor at 16420 ... Read More »

Zavvie Launches Houston iBuyer Venture with Better Homes and Gardens Gary Greene

HOUSTON – (Realty News Report) – In an expansion of the iBuyers trend, the Zavvie residential technology firm has launched a partnership with Houston’s largest realty firm, Better Homes and Gardens Real Estate Gary Greene, to provide home sellers with multiple instant offers on their home. New online real estate companies, called iBuyers, will buy houses quickly from home sellers ... Read More »

September to Remember: Best September in Houston Real Estate History, Realtors Say

HOUSTON – (Realty News Report) – Houston Realtors report September 2019 was the strongest September in Houston real estate history. A total of 7,035 single family homes were sold in September, up 9.5 percent from September of 2018, according to the Houston Association of Realtors. Lower mortgage rates enabled buyers to jump into the market while the inventory of homes ... Read More »

Grand Opening: New Robotics Facility at Texas Medical Center

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Nowhere was the spirit of collaboration more evident than when ABB Robotics team realized their $40,000 dual-arm robot, YuMi, although capable of performing repetitive, delicate processes, would not be able to cut the ribbon at this morning’s ceremony at ABB’s first global healthcare research hub at Texas Medical Center ... Read More »

Downtown’s Facelifts Surging: Dozens of Buildings Getting Upgrades in Houston

HOUSTON – (Realty News Report) – The skyline towers of downtown Houston are undergoing a major facelift with more than a dozen major redos, along with a number of other fix-ups and the transformations of other buildings. “In fact, Downtown is experiencing a wide array of renovations and upgrades to its office skyline. There will be 12.6 million square feet of ... Read More »

People in Texas Real Estate

(Realty News Report) – HOUSTON – Transwestern Commercial Services announced John Ferruzzo  and Nick Peterson, formerly of NAI Partners, have joined Transwestern toexpand its Occupier Solutions and Investment Sales services for industrial users and investors throughout the country. Ferruzzo recently was named Industrial Broker of Year by the Houston chapter of NAIOP. HOUSTON – Hines announced a new structure for the firm’s investment ... Read More »

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 »

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