Realty News Report Covering Commercial and Residential News

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 »

HOUSTON – (Realty News Report) – Fear of the Houston office market intensified about three years ago. The oil price crash whacked the energy companies, which dumped massive amount of office space onto the sublease market. Some office-building owners, like Cousins Properties, decided to hightail it out of town. Houston was an outcast in the capital markets world. Investors stayed ... Read More »

HOUSTON – (Realty News Report) – A partnership of M-M Properties of Houston and Baupost Group of Boston is expected to purchase the 41-story Marathon Oil Tower on the northwestern side of Houston’s Galleria area, according to Real Estate Alert. With a $175 million offer, the partnership appears to be the top bidder for the 1.2 million-SF building. The seller, ... Read More »

DALLAS – The FedEx office headquarters at Legacy West in Plano, near Dallas, has been purchased by PRP Real Estate Investment Management of Washington, D.C. The seller, KDC Real Estate Developments & Investments, was represented by CBRE’s Gary Carr, John Alvarado, Eric Mackey, Evan Stone, Jared Chua and Robert Hill. Completed in 2015 by KDC, the four-story, 263,621-SF office building ... Read More »

HOUSTON – (Realty News Report) – For folks who sell Houston office buildings for a living, Thanksgiving should be extra special this year. After a paltry $300 million in office building transactions in 2016, the annual sales total will be well into the multi-billions by the time the last deal closes in 2017. And there are still more closings on ... Read More »