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Category Archives: Houston

Houston Office Building Acquired by Tristar Alliance

HOUSTON – (Realty News Report) – Tristar Alliance Properties of Houston has acquired the Sterling Plaza office building in Southwest Houston and plans extensive renovations for the property, according to Lee & Associates – Houston. The 102,292 SF, Class-B office building is located at 10101 Southwest Freeway near Beltway 8. Robert LaCoure and Ryan Young of Lee & Associates – ... Read More »

Exterran Property Sold — 301,000 SF to Calif. Investors

HOUSTON – (Realty News Report) – Redwood Property Investors III LLC, a California-based private investment fund, recently purchased the former Exterran Energy Solutions campus in northwest Houston at 12001 North Houston Rosslyn Road. The project has 301,127 SF of industrial warehouse,  manufacturing and office buildings on 32 acres of land. Clay Pritchett and Zane Carman, of NAI Partners represented Redwood Property ... Read More »

Real Estate News Briefs – Houston, Regional and National – Presented by “Houston 2020: America’s Boom Town” The Timely Book by Ralph Bivins

MARK YOUR CALENDAR – Thursday Jan. 30   Ralph Bivins will sign and discuss his book “Houston 2020: America’s Boom Town – An Extreme Close Up.”  5:00-7:00 p.m. River Oaks Bookstore, 3270 Westheimer, across from Lamar High School. …………………………………………………………. HOUSTON – (Realty News Report) – Kimberly DeVos of Cypressbrook Company represented the buyer, Declaration Church, in the purchase of 85.71 acres on Highway ... Read More »

In Memoriam: Julio S. Laguarta

HOUSTON – (Realty News Report) – Julio Laguarta, a leader in the Houston real estate industry and former president of the National Association of Realtors, passed away on Jan. 3. He was 86. Laguarta was a key figure in assembling 32 downtown blocks in early 1970s for Texas Eastern, one of the most significant urban land assemblages ever completed in ... Read More »

Redo Underway at the 1001 Fannin Tower in Downtown Houston

HOUSTON – (Realty News Report) – A multi-million-dollar renovation is underway at the 49-story 1001 Fannin building in downtown Houston. The 1.3 million square-foot Class A office building is located about three blocks from Discovery Green park. The tower’s modernization project includes a new 8,000-square-foot fitness center adjacent to an all new tunnel-level tenant lounge fully equipped with a variety of ... Read More »

Houston Realtors: 2019 was the Best Year Ever For Home Sales

HOUSTON – (Realty News Report) – Houston home sales hit a record high in 2019 with 86,205 single-family home sales, up 4.8 percent from 2018, the Houston Association of Realtors reported Wednesday. The housing market was fueled by low mortgage rates below 4 percent, with good job growth and a more plentiful supply of homes for sale. “We finished the ... Read More »

Record Construction: 112 Buildings (19.1 Million SF) of Underway in Houston Industrial Market, Avison Young Reports

HOUSTON – (Realty News Report) – At year-end, Avison Young reports 19.1 million SF of industrial space is under construction in 112 buildings in the Houston area, a record high. Growth of industrial sector is fueled by expansion in e-commerce and activity at the Port of Houston. Year-end vacancy stood at 6 percent and 2 million SF was absorbed in ... Read More »

The 2020 Outlook for Houston’s Office Market: Q&A with Chip Colvill of Colvill Office Properties

HOUSTON – (Realty News Report) – Houston is awash in office space.  Over 50 million square feet of space is vacant. The overall vacancy rate in the Houston office market is over 21 percent, most researchers say, and the Energy Corridor vacancy rate is over 30 percent. Downtown has its share of vacancy, too. What are building owners doing to ... Read More »

E-Commerce Backwash – Return of Gifts Puts a Strain on Warehouses in the Supply Chain … ( In the Industry, they call it ‘Reverse Logistics’)

HOUSTON – (Realty News Report) – Today, America’s warehouses are experiencing the backwash from the e-commerce boom. January 2 will be the peak day for merchandise returns with an estimated 1.9 million packages heading back from buyers to sellers on this day alone, according to a new CBRE report. The wave of returns requires a great deal of warehouse space. ... Read More »

Camden Acquires 552 Apartment Units From Fein

HOUSTON – (Realty News Report) – Camden Property Trust has acquired a 552-unit Inner Loop multifamily development from the Martin Fein organization. Fein developed the community, completed in 2015, on a site west of Weslayan Street, between Richmond Avenue and West Alabama near Las Palmas street. The community formerly operated as three properties known as Aria at Willowick Park, Olympia ... Read More »

Medistar Developing Psychiatric Hospital in Clear Lake City

HOUSTON – (Realty News Report) – Medistar Corp., a Houston-based real estate firm, is developing a 92-bed psychiatric hospital in Clear Lake City in southeast Houston, near NASA’s Johnson Space Center. The project, called Medical Behavioral Hospital of Clear Lake, which will be operated by NeuroPsychiatric Hospitals. Located at 16850 Buccaneer Lane, the hospital is now under construction and scheduled to open ... Read More »

John Daugherty Realtors Acquired After 52 Years — Local Firm Now Aligned with “The Rolls Royce of the Industry”

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – John Daugherty Realtors, a mansion-selling realty brokerage firm that has been a long-time force in River Oaks, Memorial and other bastions of Houston’s carriage trade, has been acquired by New York-based Douglas Elliman. For more than 50 years, the oldest of the old-money clients have called John Daugherty, Jr. ... Read More »

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