Cresa’s Lower Kirby District Breaking New Ground
HOUSTON – The Houston office of Cresa, North America’s largest tenant representation firm, has announced plans for a new 500,000 square-foot industrial class A development in...
Category : Breaking News
New Study: The Economic Impact of the 36 Million Americans Who Live in Apartments
WASHINGTON – Some 36 million people live in apartments in the United States, according to a new study created by two multifamily organizations to measure...
Former Bombay Co. HQ Building Purchased by Transwestern Investment Group
FORT WORTH – The former Bombay Co. headquarters building in Fort Worth has been purchased by Transwestern Investment Group, on behalf of Diversified International Partners....
Hines, Pearlmark Announce New Office Project in Calif.
SAN MATEO, Calif. – Hines, the Houston-based real estate firm, has announced plans for a new office building in California. Hines and Pearlmark, a Chicago-based...
Texas Has Second-Highest Property Taxes in Nation
AUSTIN – Texas has the second highest property taxes in the nation, according to a new study by RealtyTrac, a real estate data firm. New...
CBRE: Houston Apartment Rents at All-Time High, While National Assn. of Realtors Says Rising Rents Unsustainable
HOUSTON – Multifamily rental rates hit an all-time high in Houston in 2014 according to CBRE. Rents were up 8.1 percent in 2014 over the...
110-Story Willis Tower Selling for $1.3 Billion
CHICAGO – Blackstone Real Estate Partners VII has agreed to acquire Chicago’s Willis Tower for $1.3 billion. Formerly known as Sears Tower, the 110-story Willis...
The Woodlands Reports $168 Million of Land Sales in 2014
HOUSTON – The Woodlands, a master planned community 27 miles north of downtown Houston, recorded $168 million in land sales revenue during 2014, according to...
JLL Report: 2.5 Million SF of Sublease Space Has Hit Houston Office Market Since Jan. 1
HOUSTON – JLL reports that 2.5 million square feet of sublease space has come on the office market so far this year. About half of...
Foreign Investors: Asians No. 1 in America
WASHINGTON – Asian investors dominate foreign commercial real estate investment activity in the United States, according to a new survey from the Richard J. Rosenthal...