Millennials Disrupt Hotel Industry
NEW ORLEANS – The U. S. hospitality sector continues to grow, but financing is becoming harder to obtain and Millennials are influencing the design of...
Category : Breaking News
Elandis Buys 1000 Units in Houston in Its Quest for Sunbelt Multifamily
(By Dale King) HOUSTON – A South Florida real estate company formed a month ago has taken a major step into the Houston rental market,...
Avera Buys Acreage for Large Industrial Development Near the Port of Houston
HOUSTON – Avera Cos., a commercial real estate development, construction and investment firm, has acquired 41.5 acres to develop Bayport Industrial Park near the...
Engineering Firm Breaks Ground; 100 New Jobs Coming
KATY – Pepperl+Fuchs broke ground last week on a 110,000-SF engineering facility in the Katy community’s West Ten Business Park near Houston. The project...
Moody National REIT Buys Hotel Near Seattle’s Space Needle for $74 Million
HOUSTON – Moody National REIT II, a Houston-based hotel REIT, acquired the Marriott SpringHill Suites Hotel in Seattle for $74.1 million. The 234-room hotel is located near Puget Sound...
Austin Hotel REIT Buys Hotel in Las Colinas for $10.5 Million at 7.7 Percent Cap Rate
IRVING, Texas – Austin-based Summit Hotel Properties sold its 128-room Holiday Inn Express & Suites located in the Las Colinas project in Irving, near Dallas for $10.5 million. The...
Home Builders Begin First of 6,000 Homes in New 3,642-Acre Master Planned Community in NW Houston
HOUSTON – A major master-planned community – that will eventually have 6,000 homes – is underway in northwest Houston. Home builders will begin construction in...
Dermody Properties Making Big Move into Texas
DALLAS – Dermody Properties of Reno, Nev. has acquired 60 acres off of Bonnie View Road in Dallas where it will develop a 1.1 million...
Fein Completes 271-Unit Community in LaCenterra at Cinco Ranch
HOUSTON – Martin Fein Interests Ltd. a Houston-based multifamily development, construction and property management firm has opened The Grand at LaCenterra Apartment Homes, a 271-unit...
NewQuest Moving into Mini-Storage Development
HOUSTON – NewQuest Properties is launching a self-storage development group to tap into the fastest growing storage sector. The inaugural projects will break ground in...