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Category Archives: Houston

Virginia Company Makes Tenth Houston Purchase

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’s Warehouse Construction Boom: Vacancy Climbing as Supply is Added

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 »

Maximum Internet: New Hines Tower in Downtown Houston First to be Certified WiredScore Platinum

HOUSTON – (Realty News Report) – The new 47-story Texas Tower office project has been awarded WiredScore’s Certified Platinum designation recognizing its advanced internet connectivity. The Texas Tower, a Hines and Ivanhoe Cambridge development under construction on Texas Avenue in downtown Houston, will be the first ground-up building in Houston to have the Platinum certification. A secure, reliable and fast ... Read More »

Law Firm Leases Space in Hines Tower in Downtown Houston

HOUSTON – (Realty News Report) – Hines, the international real estate firm, announced that Dallas-based law firm Shackelford, Bowen, McKinley & Norton has signed a new 15,000-square-foot lease at 717 Texas, a downtown tower near the Theater District. Hines recently completed a renovation to the 33-story building creating a hospitality-inspired lobby with new furnishings, wall and elevator finishes, lighting and security console upgrades. ... Read More »

Trammell Crow Acquires SMU Campus in Plano

PLANO, Texas – (Realty News Report) — Trammell Crow Co. has acquired the 16-acre SMU campus in Plano for a future development. Newmark Knight Frank handled the sale of the SMU-in-Plano campus, including four buildings on 16 acres located at 5228-5236 Tennyson Parkway in Plano. The SMU-in-Plano campus is a satellite campus of Southern Methodist University (SMU), nationally ranked private ... Read More »

Finished and Ready: Another 685,400 SF for Houston’s Industrial Market Where Construction is Booming

HOUSTON – (Realty News Report) – The shell of Air 59 Logistics Center is complete and ready for tenant improvements. The 685,400-SF distribution building is located in the Park Air 59 center at the intersection of Will Clayton Parkway and U.S. Highway 59 in Humble. JLL’s Mark Nicholas, Richard Quarles, and Joe Berwick are leasing the facility on behalf of ... Read More »

Weingarten Realty Sells Northbrook Shopping Center

HOUSTON – (Realty News Report) – Weingarten Realty has sold the Northbrook Shopping Center, a 174,181-SF grocery-anchored retail center in Houston, located at 5264 W. 34th Street. Houston-based Wu Family Trust purchased the retail center for undisclosed price. Northbrook Shopping Center is located in a densely populated area in Houston along US 290 with over 140,000 residents within a three-mile radius. ... Read More »

Ralph Bivins to Deliver Keynote Presentation at CoreNet Houston’s 2019 Education Day

HOUSTON – (Realty News Report) – Ralph Bivins, an author and journalist focused on Houston real estate and development issues, will deliver the Keynote Presentation at the CoreNet Houston – 2019 Education Day. Bivins’ new book Houston 2020: America’s Boom Town – An Extreme Close Updelves into future growth issues facing Houston as it overtakes Chicago to become the nation’s ... Read More »

NAI Partners Fund Acquires Industrial Park

HOUSTON – (Realty News Report) – NAI Partners Investment Fund, through its Investment Fund III has acquired Point West Business Park, a 146,000-SF flex industrial park located just south of the Westchase District. The fund acquired the project off-market from Interra Capital Group. Andrew Pappas and Adam Hawkins of NAI Partners’ Investment Fund negotiated and closed the deal alongside Todd ... Read More »

Sealy Buys 500,000 SF Building West of Houston

HOUSTON– (Realty News Report) – An affiliate of  Sealy & Co., an industrial commercial real estate firm, acquired a 479,806 SF distribution warehouse on the west side of the Houston metropolitan area. The building is occupied by Broad Ocean, a manufacturer which is a supplier of Daikin. Daikin recently completed a 4.2 million SF air conditioning manufacturing plant in the ... Read More »

Madison Marquette Tops Out 30-Story Midtown Tower

HOUSTON – (Realty News Report) – Madison Marquette along with investment partner AECOM Capital, celebrated the topping out of a 30-story for-rent residential high-rise located on a 1.16-acre site at 3300 Main Street in Houston’s Midtown district. The tower, The Travis, and will include 328 multifamily units and 15,000 SF of ground-floor retail. “Having achieved this significant construction milestone, we are ... Read More »

Mixed-Use Project – a More Modern Setting for Jeweler (and Future Tenants)

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – The latest gem from Houston’s Zadok family – a mixed-use development sited at 1801 Post Oak Blvd. in Uptown Houston – broke ground this morning at an event highlighting what is to come. Plans call for a five-story, 112,000-square-foot building on the nearly 1.65-acre property the Zadoks purchased in 2011. Construction ... Read More »

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