Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – A distinctive downtown building has been renamed TC Energy Center – the fifth official name for the 56-story skyscraper since it was completed in 1983. The 1.2 million SF building, 700 Louisiana, was developed by Hines and designed by Philip Johnson with John Burgee. Most recently, the building was named Bank of America Center, ... Read More »

HOUSTON – (Realty News Report) – Plans for a new downtown park are taking shape with the selection of a restaurant operator and groundbreaking set for March 2020, according to the Downtown Redevelopment Authority. The park, set to open in March 2021, will be on three-fourths of a block bounded by Fannin, Leeland, Bell and San Jacinto. The new park site ... Read More »

HOUSTON – (Realty News Report) – The Praedium Group, a New York based national real estate investment firm, acquired the 387-unit Everly Apartments in west Houston. The property, 2827 Dunvale, was developed in 2018 by the Walter Embrey organization of San Antonio. It is just south of Westheimer Road, near the AMC Studio 30 movie theater. “We continue to target the Houston MSA ... Read More »

HOUSTON – (Realty News Report) – Hines has unveiled “The 1100 Experience” in a downtown Houston skyscraper. A key part of a lobby renovation of the 1100 Louisiana building, the “Experience” is a 32-foot digital display in the largest commercial office indoor digital installation of its kind in downtown Houston. This new digital platform will display a myriad of art ... Read More »

HOUSTON – (Realty News Report) – The Storyhive video production firm is redeveloping an Eastwood building at 4010 Canal St., located less than two miles east of downtown. The 15,000-SF building, which was recently  acquired by Storyhive, will be featured in the structure during the Eastwood Civic Association’s Annual Historic Home Tour this weekend on Oct. 19 and 20. Boutique ... Read More »

HOUSTON – (Realty News Report) – COE Distributing, a nationwide wholesale distributor of office furniture, signed a 251,754 SF lease at Highland Grove Industrial Park, a redevelopment of the former Randall’s distribution center near Highway 290. The property landlord, CRP/CHI Randalls Owner, LP was represented by Cory Driskill and Travis Covington of Crow Holdings Industrial and Faron Wiley of CBRE. ... Read More »

HOUSTON – (Realty News Report) – Houston-based Hartman Income REIT has acquired a 254,225-SF portfolio of three office buildings in Houston. JLL marketed the properties on behalf of the seller, HighBrook Investors, a New York-based private equity firm. Overall, the portfolio is 55 percent leased. The portfolio includes two buildings in the Park 10 Business Park in the Energy Corridor at 16420 ... Read More »

HOUSTON – (Realty News Report) – Houston Realtors report September 2019 was the strongest September in Houston real estate history. A total of 7,035 single family homes were sold in September, up 9.5 percent from September of 2018, according to the Houston Association of Realtors. Lower mortgage rates enabled buyers to jump into the market while the inventory of homes ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Nowhere was the spirit of collaboration more evident than when ABB Robotics team realized their $40,000 dual-arm robot, YuMi, although capable of performing repetitive, delicate processes, would not be able to cut the ribbon at this morning’s ceremony at ABB’s first global healthcare research hub at Texas Medical Center ... Read More »

HOUSTON – (Realty News Report) – The skyline towers of downtown Houston are undergoing a major facelift with more than a dozen major redos, along with a number of other fix-ups and the transformations of other buildings. “In fact, Downtown is experiencing a wide array of renovations and upgrades to its office skyline. There will be 12.6 million square feet of ... Read More »

HOUSTON – (Realty News Report) – Thirty Seventh Parallel firm of Richmond, Va. has acquired the 300-unit Cashel Springs Apartments, its tenth acquisition in Houston. Cashel Springs Apartments, 1422 Wunderlich Drive near Willowbrook Mall in northwest Houston, were built in the 1980s. The price represented a 45 percent discount to replacement cost, said Dan Chamberlain, COO of the company. The ... Read More »

HOUSTON  – (By Kyle Hagerty for Realty News Report) – Houston’s industrial vacancy may finally be catching up to the blazing pace of construction in recent quarters. Overall vacancy is at 6.5%, up from this time last year at 5.7%, thanks to more than 6.3 million square feet of vacant space being added to the market. That’s half the space ... Read More »