Realty News Report Covering Commercial and Residential News

BAYTOWN, Texas – (Realty News Report) – Avera is proceeding with construction of Cedar Port Logistics, a 644,000-SF industrial project in Cedar Port Industrial Park which is the largest master-planned rail and barge-served industrial park in the United States. Avera is tilting up concrete wall panels at the building, which is situated on 40.8 acres within the 15,000-acre Cedar Port ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Houston’s economy will churn slightly slower in 2020, according to the annual forecast by Patrick Jankowski, economist for the Greater Houston Partnership. Houston will add 42,300 new jobs in 2020, down from the 64,400 jobs anticipated in 2019. A downturn in the energy industry will soften the regional economy ... Read More »

THE WOODLANDS, Texas – (Realty News Report) — LGI Homes Inc., a Texas-based home builder, sold 748 homes in November, up from 500 home closings in November 2018. The closings total represented year-over-year sales growth of 49.6 percent for LGI Homes. Builders around the nation have been gaining momentum as mortgage rates have eased in 2019 and the Federal Reserve ... Read More »

SPRING, Texas – (Realty News Report) – Wood Partners, an Atlanta-based multifamily real estate development and acquisition firm, has broken ground on the 300-unit Alta Cathedral Lakes apartments in Spring, north of Houston. The multifamily project will be located at 698 Basilica Bay Drive.  Alta Cathedral Lakes is in Spring’s new master planned community, Cathedral Lakes, which features 150 acres ... Read More »

The Houston 2020 Downtown Awards By Ralph Bivins, Author of Houston 2020: America’s Boom Town – an Extreme Close Up Downtown Dealmaker  of  the Year: Skanska Commercial Development. Skanska pulled off two megadeals in downtown Houston. Most impressive was its acquisition of four surface parking lots near Discovery Green park – a total of 3.5 acres for $55 million. High-rise, mixed-use development ... Read More »

Houston – (Realty News Report) – A new business park just south of the historic Astrodome will be marketed by CBRE, the real estate firm announced Tuesday. The project, called Corporate Center Fannin, will be an 18.6-acre master planned business park, located at 10001 Fannin Street in Houston. CBRE will market the property on behalf of Summit Real Estate Group.  Corporate ... Read More »

Real Estate Briefs: Presented by “Houston 2020: America’s Boom Town” – The New Book by Ralph Bivins Read The New Book by Ralph Bivins, Editor of Realty News Report   Houston 2020: America’s Boom Town – An Extreme Close Up Available on Amazon  http://tiny.cc/4a2g6y HOUSTON BRIEFS – Keener Investments has acquired a 378-unit multifamily property in Spring, Texas. The Mira Bella  and ... Read More »

HOUSTON – (By Dale King, Realty News Report) – Fundamental changes in the food-and-beverage industry – including the rapid growth of third-party, meal-delivery services, increasing use of in-store automation and the ongoing proliferation of fast-casual service concepts — are reshaping not only the U.S. restaurant business, but the real estate it occupies. A new report from CBRE highlights eight trends – including the spread ... Read More »

HOUSTON – (Realty News Report) – The new Cambria Hotel Houston Downtown Convention Center has received the coveted Four Diamond ranking from AAA. The 226-room hotel is located in the former Great Southwest Building, 1314 Texas Avenue, a historic building constructed in 1927. Cambria Hotels is the upscale brand from Choice Hotels International. Managed by Concord Hospitality, one of the ... Read More »

HOUSTON – (Realty News Report) – Austin-based CapRidge Partners LLC, is launching a multi-million-dollar renovation program of its recently acquired office portfolio in the Memorial/Tanglewood area of Houston. The three-building portfolio, was acquired from Unilev Capital in March of 2019. It includes 541,000 square feet of office space in 1616 S. Voss, 7500 San Felipe and 6363 Woodway. “Now is ... Read More »

HOUSTON – (Realty News Report) – California State Teachers Retirement System (CalSTERS) has agreed to acquire Bank of America Tower from Skanska for $542 million or $695 per SF – a record per SF sales price for a Houston office building, reports Real Estate Alert. Located at 800 Capitol Street, the 754,000-SF tower covers a block bordered by Travis, Milam ... Read More »

HOUSTON – (By Ralph Bivins of Realty News Report) — You’re feeling lucky. Nabbing one of the ten free parking spots in the garage is a miracle in this glitz palace. But plebeians who want to avoid giving six bucks to the parking valet don’t venture on these premises often. This is Tilman Fertitta’s The Post Oak Hotel and rooms ... Read More »