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Category Archives: Houston

Westchase Office Tower Refinanced as COVID-19 Hangs Over Houston Market

HOUSTON – (Realty News Report) – Two CityWest Place, a 20-story Class AA office property in Westchase has been refinanced. The 443,549-SF building located on the west side of Beltway 8 is owned by Parkway Property Investments. JLL worked on behalf of the Parkway to secure the five-year, floating-rate loan. Regions Bank led the loan and syndicated half with Citizens ... Read More »

Strategic Realty Holdings Acquires Multifamily on Strategic Site South of Medical Center

HOUSTON – (Realty News Report) – An affiliate of Strategic Realty Holdings has acquired the 240-unit Stonebridge at City Park near Highway 288 on the southside of Houston. Strategic Realty Holdings, based in Calabasas, Calif. is led by Edward Lorin a value-add multifamily specialist with a track-record that includes 75 apartment complexes with 15,000 units. The Stonebridge, 11800 City Park ... Read More »

Bellaire Kingtown LLC Acquires Retail Center

HOUSTON – (Realty News Report) – Bellaire Kingtown LLC has acquired 7555 Bellaire, a 43,631 SF retail property in the Sharpstown area of Houston. Justin Miller and Davis Hansen from Marcus & Millichap’s Houston office had the exclusive listing to market the property on behalf of the seller, XJ & K Property LLC, a Houston-based partnership. “The offering drew significant interest from ... Read More »

RNR’s Real Estate News Briefs

HOUSTON – (Realty News Report) – Houston Distribution Company, represented by CBRE, has sold its 113,715 SF industrial building at 16001 SH 249 in Houston. Jim Autenreith of Moody Rambin represented the buyer, Atlanta Deferred Exchange, Inc., during negotiations. …………………………………………………. NAI Partners recently arranged a 6,233 SF office lease for Gordon Arata at 2229 San Felipe in Houston. NAI Partners’ Griff Bandy and Joe Bright represented the tenant during the transaction. …………………………………………………… Elbi ... Read More »

Rapid Shave: COVID-19 Trims $2 Billion Off Tilman Fertitta Net Worth; Houston Rockets Owner Falls Off List of World’s 500 Richest People

HOUSTON – (Realty News Report) – Houston restaurant and casino magnate Tilman Fertitta, has lost about a third of his wealth, or approximately $2 billion, in the last month due to the coronavirus outbreak, according to Bloomberg News. Feritta, who had a net worth of more than $5 billion last month, has dropped off the rankings of the 500 wealthiest ... Read More »

Evictions Halted: Camden’s COVID-19 Plan to Assist Residents in Its 56,000 Apartment Units

HOUSTON – (Realty News Report) – Camden Property Trust, a Houston-based multifamily REIT that owns 164 apartment communities with 56,000 units around the nation, is halting evictions for residents who have been financially impacted by the COVID-19 pandemic. Camden has closed its leasing offices to the public and is limiting in-person contact by offering virtual tours, online and phone support, ... Read More »

Houston’s Asian-American Chamber of Commerce Donates Masks, Medical Supplies to City for COVID-19 Effort

HOUSTON – (Realty News Report) – The Asian American Chamber of Commerce has donated over $42,000 in medical supplies to the City of Houston following our urgent calls for personal protective equipment. “We as a collective body, including Chinese-American, Korean-American, Vietnamese-American, Japanese-Americans, Filipino-Americans and the various other AAPI ethnicities, are in support of helping Houston through this challenging crisis and ... Read More »

HAR’s Bob Hale says Houston Realtors are ‘Essential’ and Should Be Exempt From Stay-At-Home Order; Harris County Leaders Agreed

HOUSTON – (Realty News Report) – Real estate sales agents perform an “essential” service and should be exempt from the Harris County stay-at-home order, says Bob Hale, president and CEO of the Houston Association of Realtors. The Harris County Commissioners Court agreed and included Realtors in the list of businesses and workers who may continue to operate during the stay-at-home ... Read More »

Tilman Fertitta Furloughs 40,000 Employees From Restaurant, Hotel and Casino Empire

HOUSTON – (Realty News Report) – Houston billionaire Tilman Fertitta, who owns the Golden Nugget casinos, several hotels and hundreds of restaurants has temporarily furloughed 40,000 employees, according to Bloomberg News. Fertitta told Bloomberg he is losing millions of dollars every day because of governmental shut-down orders issued as part of the coronavirus pandemic. His restaurants that have been operating ... Read More »

Chicago Investor Pays $115 Million for Building in The Woodlands

THE WOODLANDS – (Realty News Report) – An affiliate of Chicago-based Harrison Street Real Estate has acquired a medical building occupied by MD Anderson Cancer Center for $115 million. The seller of 208,000-SF building, 100 Fellowship Drive near Highway 242, was Howard Hughes Corp., the developer of The Woodlands. Paul Layne, CEO of Howard Hughes Corp., said the transaction is ... Read More »

RNR Real Estate Briefs

HOUSTON – (Realty News Report) – Prime Natural Resources leased 23,782 SF in an office sublease at the former One Shell Plaza, 910 Louisiana St., Houston from Shell Oil Co., the landlord. NKF’s Michael Lisch, John Luck and Joshua Brown handled the deal. ………………………………………………….. Reed Vestal, Taylor Schmidt and John Erck of Lee & Associates – Houston represented 290 Commerce Center Venture, LLC, in the purchase ... Read More »

Schweitzer Engineering Leases Space in Westchase

HOUSTON – (Realty News Report) – Schweitzer Engineering Laboratories leased 43,568 SF at Oak Park Office Center – 5850 Rogerdale Road in the Westchase area in West Houston. Cushman & Wakefield’s Chad Beck represented the tenant. Lincoln Property Company’s Charlie Giammalva and Brian Strait represented the building owner. Schweitzer Engineering Laboratories, Inc. designs, manufactures, and supports products and services ranging ... Read More »

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