Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Home Depot leased 770,000 SF for a new distribution facility in Hines’ Grand National business park near Beltway 8 and Gessner Road adjacent to the Sam Houston Race Park in north Houston. The build-to-suit was explained recently by Michael Keegan of NAI Partners in a media briefing. The 107-acre Grand National is marketed by Jim ... Read More »

HOUSTON – (Realty News Report) – Stonelake Capital Partners held a ground breaking celebration Wednesday for Park Place Tower, a 15-story, 210,000-SF Class-AA office building located “inside the loop” at 4200 Westheimer Road within the Park Place | River Oaks development. Park Place | River Oaks is an 11.5-acre mixed-use development at the intersection of Westheimer Road and Mid Lane in ... Read More »

HOUSTON – (Realty News Report) – Houston’s home sales were sluggish in January, as is typical in the first month of the year.  Houston Association of Realtors reported 4,100 single-family homes sold in January compared to 4,462 a year earlier. That represents an 8.1 percent decline – the third straight month of falling sales. Consistently, January is the slowest month ... Read More »

HOUSTON – (Realty News Report) –The Houston Endowment philanthropic institution is planning to build a new headquarters building near the intersection of Memorial and Waugh drives, just west of downtown. For years, the organization has been located downtown at 600 Travis, a 75-story building formerly known as the JP Morgan Chase Tower. The new headquarters is expected to be a ... Read More »

HOUSTON – (By Dale King, Realty News Report) – Houston real estate projects, The Star, Heights Mercantile, HARC and Emancipation Park, earned top honors at the Urban Land Institute Houston’s 2019 Development of Distinction Awards presentation. The awards recognize developments and public open spaces that exemplify best practices in design, construction, economic viability, healthy places, marketing and management. Since 2008, ... Read More »

HOUSTON – (Realty News Report) – Braun Enterprises purchased Yorktown Plaza, a 196,000-SF office and retail complex on West Alabama near the Galleria in Houston. Yorktown Plaza, which is 54 percent occupied, includes 35,000-SF of retail and two 6-story office buildings in the 5300 block of West Alabama, between Yorktown and Rice. HFF’s Wally Reid and Kelly Layne represented the ... Read More »

HOUSTON – (Realty News Report) – Houston-based Lionstone Investments relocated its headquarters to the historic 712 Main Street building, an asset it owns in a joint venture. “Lionstone chose 712 Main because of both its prime location and its historical significance,” said Lionstone President Jane Page. “We’ve been involved in the revitalization of the 1929-vintage building since we acquired it ... Read More »

HOUSTON – (Realty News Report) – Spaces, an international force in the “co-working” segment, is opening two new office locations in Houston, according to Midway. Spaces, described as a creative flexible workspace pioneer, is leasing space in downtown in Houston’s Innovation Corridor at GreenStreet in downtown  at 1201 Fannin. Spaces leased 63,000 SF in GreenStreet, a Midway mixed-use development covering ... Read More »

HOUSTON – (Realty News Report) – Hines will break ground in March on a 46-story residential tower, which will be the tallest apartment tower in downtown Houston. The development, called The Preston, is being developed with investment partners, Cresset Wealth Advisors and Levy Family Partners. The 373-unit project – completion is slated for the third quarter of 2022 – is ... Read More »

SAN ANTONIO –  Houston high-rise condo developer Roberto Contreras, CEO of DC Partners reports the Arts Residences at Thompson San Antonio Hotel is 65 percent sold, including three penthouses. The 61-unit project, slated for completion in early 2020,  will sit atop of a new Thompson Hotel. The condos are priced from the high $400s to $4.5 million for the penthouses. ... Read More »

HOUSTON – (Realty News Report) – Brookfield Properties announced that Total, part of the French energy giant, renewed and expanded its lease for its U.S. corporate offices at Total Plaza in downtown Houston. Under the terms of the new agreement, Total will retain its naming rights and lease 305,680 SF of office space, an expansion of 48,452 SF. Total has ... Read More »

HOUSTON  — (Realty News Report) – MassChallenge, a startup accelerator that will nurture and launch inventors and entrepreneurial ventures, is opening a facility in GreenStreet, a mixed-used property in downtown Houston. The MassChallenge location at GreenStreet will represent the northern point of Houston’s new Innovation Corridor, a four-mile stretch of Houston from downtown to the Texas Medical Center. MassChallenge, which ... Read More »