Realty News Report Covering Commercial and Residential News

HOUSTON – Arch-Con Construction of Houston has topped out the 16-story Residence Inn Medical Center. The 182-room hotel is developed by Moody National Cos., a Houston firm led by Brett Moody. The hotel, located within walking distance of NRG stadium, will be complete in February before the Houston Livestock Show and Rodeo, said Michael Vaughn of Arch-Con. “We are on ... Read More »

HOUSTON – (By Dale King, Realty News Report) – A newly constructed development of 68 affordable residential units located in a Houston neighborhood designated last year as one of Mayor Sylvester Turner’s five “Complete Communities” is not only complete, it has also been totally leased up. Now that all housing spaces are occupied, the two entities involved in creating the development ... Read More »

GALVESTON – (Realty News Report) – An 11.6-acre tract on East Beach in Galveston is in-play as a possible mixed-use development with a hotel, condominiums and recreational uses. Some 2.4-acres of the property is teed-up with approvals in place to build a 160-room Residence Inn by Marriott, says Lisa Hankamer of Marcus & Millichap, which is marketing the site. The ... Read More »

HOUSTON – (Realty News Report) – The hotel industry in America’s fourth-largest city and its energy capital, has remained relatively flat over the past few years as a result of price gyrations in the energy sector. However, oil prices are recovering and that could jump start hotel building. For example, Houston’s Arch-Con Construction has nearly 1,200 keys under construction throughout ... Read More »

SAN ANTONIO – (Realty News Report) – DC Partners, a Houston firm led by Roberto Contreras, will break ground this month on the Thompson San Antonio Hotel and The Arts Residences, a $116 million hotel and condominium project on the River Walk in downtown San Antonio. DC Partners has hired Jordan Foster Construction to build the 20-story tower, which will ... Read More »

HOUSTON – A new Hyatt Place Hotel is being developed in downtown Houston. Dallas-based Hall Structured Finance has closed a new first lien construction loan totaling $22.8 million to finance the adaptive reuse of the 70-year-old Southwestern Bell Telephone Co. office building in Downtown Houston into a hotel. The 150-key all-suite, select service Hyatt Place Hotel is being developed by ... Read More »

HOUSTON – The Signorelli Co. has retained Transwestern to lease Vivacity Medical District, a 186-acre medical park in the 1,400-acre Valley Ranch community in northeast Houston. Transwestern’s Chris Wadley and Justin Brasell will lease the medical district. Located near the intersection of U.S. Highway 59 and Grand Parkway, the Valley Ranch will have 1,500 single-family homes, 3,000 multifamily units, 2.5 ... Read More »

HOUSTON – (Realty News Report) – Atlanta-based Oakmont Industrial Group has commenced construction on Oakmont West 10, a 673,785 SF spec warehouse in the West Ten Business Park on Interstate 10, west of Houston. The project will be on 42 acres in West Ten Business Park, which Oakmont acquired from from Parkside Capital. John Simons and Holden Rushing with NAI ... Read More »

HOUSTON – American Liberty Hospitality, a Houston based hotel firm led by Nick Massad Jr., has leased 6,700 SF of office space in west Houston for its headquarters. American Liberty Hospitality has several hotels in downtown Houston, including the 262-room Embassy Suites and The Sam Houston Hotel, along with other hotels in Texas and Louisiana. The hotel firm leased office ... Read More »

COLLEGE STATION, Texas – The George, a 162-room hotel developed by Midway and Valencia Group, will open in August near the Texas A&M University campus. The hotel’s name is taken from notable “Georges” such as President George H.W. Bush and George Mitchell, the developer of The Woodlands. The hotel is part of Midway’s Century Square, a 60-acre destination by Midway ... Read More »

SAN ANTONIO – DC Partners, a Houston firm led by Roberto Contreras, is developing the Thompson San Antonio Hotel and The Arts Residences, a $116 million hotel and condominium project on the River Walk in downtown San Antonio. DC Partners has hired Jordan Foster Construction to build the 20-story tower, which will be constructed at the corner of North Saint ... Read More »

SAN ANTONIO – The San Antonio hotel market is demonstrating strong fundamentals that are attracting investors. “With Houston’s market still in decline, and the Austin and Dallas-Fort Worth markets flattening out due to large hotel room supply increase, San Antonio is becoming a more attractive destination in Texas for hotel investors. A very small new hotel room supply pipeline and ... Read More »