Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Radom Capital has received $104,750,000 in financing for the Montrose Collective, a mixed-use project under development near the intersection of Montrose Boulevard and Westheimer. JLL worked on behalf of the borrower, Radom Capital, to secure the construction loan with Bank OZK and joint venture equity from institutional investors advised by J.P. Morgan Asset Management. ... Read More »

HOUSTON – (Realty News Report) – Madison Marquette has sold a six-story Greenway Plaza area office building to a Griffin Partners fund. JLL Capital Markets marketed the 136,700-SF boutique office building, 2900 Weslayan, on behalf of Madison Marquette. The building is located on a 2.8-acre site at the corner of Weslayan and West Alabama, in the Inner Loop of Houston, ... Read More »

HOUSTON – (Realty News Report)  – The Mix @ Midtown, a 73,000-SF retail property that is housed on an entire city block in Houston’s Midtown neighborhood has been sold. JLL marketed the property on behalf of the seller, Crosspoint Properties, who developed the property in 2008. Fifth Corner, in a joint venture with Pointer Real Estate Partners, purchased the asset. ... Read More »

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 »

HOUSTON – (Realty News Report) – A group of veteran commercial real estate finance professionals from Jones Lang LaSalle have been retained to start a Walker & Dunlop office in Houston. Mike Melody, Tom Melody, Tom Fish and Paul House have been named managing directors at Walker & Dunlop’s new office in Houston. Jonathan Paine was named senior vice president. ... Read More »

HOUSTON – (Realty News Report) – Newmark Knight Frank has completed a 50-property self-storage portfolio sale, the largest self-storage property deal in the history of real estate investing. The acquisition by SROA Capital Fund VII, L.P. includes 21,787 storage units containing a total of 3,150,819 SF of rentable space. Located in six states – Tennessee, Georgia, North Carolina, South Carolina, ... Read More »

HOUSTON – (Realty News Report) – Fuller Parkview LLC, an affiliate of Fuller Realty Partners acquired a pair of Class B office buildings in the Energy Corridor. The two-building portfolio, which is 11 percent leased, is located south of Interstate 10. The seller, LNR Partners, was represented by JLL’s Rick Goings, Rudy Hubbard and Kevin McConn, The buildings, called Parkview ... Read More »

HOUSTON – (By Kyle Hagerty for Realty News Report) – Capital flocking to self-storage REITs may have weakened the sector’s strong fundamentals, but stable metrics in the latest report from Newmark Knight Frank show the industry’s supply concerns may be over blown. In the first quarter of 2019, wholly owned acquisition activity totaled 61 properties across five of the six ... Read More »

HOUSTON – (Realty News Report) – An Alliance Residential partnership has acquired the 474-unit Archstone Toscano apartments in Houston for $98 million. The apartments, 2900 N. Braeswood Blvd., are located near the Texas Medical Center at Brompton Road, just west of Kirby Drive. The project is on the north side of Brays Bayou. The seller was AvalonBay Communities, a REIT ... Read More »

CHICAGO – (Realty News Report) – Jones Lang LaSalle Inc. and HFF Inc. today announced that they have entered into an agreement under which JLL will acquire all the outstanding shares of HFF for $2 billion. Both firms have a significant presence in Houston and are a major forces in capital markets and the brokerage of office, land, retail and ... Read More »

HOUSTON – (Realty News Report) – NKF Capital Markets has completed the sale of a 22-property self-storage portfolio acquired by a Texas-based investment firm. The buyer, Etude Capital Storage Holdings LLC, said the transaction includes land that allows for the construction of additional self-storage properties. The self-storage segment has attracted considerable investor interest, according to NKF Capital Markets, which originated ... Read More »

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – As 2018 began, institutional investors are focused on Houston again, while the industrial and multifamily markets still have room to run. In short, the forecast for Houston commercial real is good, according to experts at the BoyarMiller Annual Commercial Real Estate Forum at the Briar Club Thursday. Despite two missed ... Read More »