Monday , 22 July 2019
Breaking News

Category Archives: Houston

Eric Lestin to Lead Cushman & Wakefield Move Into Retail

HOUSTON – (Realty News Report) – Retail veteran Eric Lestin, formerly of CBRE, has joined Cushman & Wakefield to lead the firm’s newly formed Retail Services Group. Lestin will create a retail tenant representation team and develop other related disciplines. Cushman & Wakefield’s executive vice chairman Tim Relyea said Lestin has “one of the best retail real estate minds in ... Read More »

Major Kuwaiti Asset Manager Makes a Play in Houston Real Estate

HOUSTON – (Realty News Report) – Kamco Investment Co., a major Kuwaiti asset manager, has completed  significant investment in Houston real estate, which has attracted a number of large foreign investors over the years. Kamco Investment partnered with Northridge Capital, based in Washington, DC, to acquire the new HP Plaza, a 378,000-SF office development in Springwoods Village development north of ... Read More »

Houston’s Gain of 1 Million in Population is Great for Real Estate, CBRE Says

HOUSTON – (Realty News Report) – The Houston metro area has gained more than 1 million people since 2010, a growth rate that is fueling the Houston’s real estate markets and the region’s overall economy, according to top CBRE executives. Noting that new U.S. Census Bureau figures show the Greater Houston area has hit 7 million, CBRE senior managing director ... Read More »

Medistar Developing Multifamily Near Texas Medical Center

HOUSTON – (Realty News Report) – Medistar Corp., a Houston development firm led by Monzer Hourani, is developing a 326-unit apartment project called Medistar Grand. The project is located on six acres near the intersection of Grand Blvd. and Corder Street, just southeast of the Texas Medical Center. Pearlmark, a Chicago investment firm, provided $8.4 million in mezzanine financing. Construction ... Read More »

Opportunity Zones: Latest Investment Craze Pumps Up Prices

HOUSTON –  (Realty News Report) – Opportunity Zones, the new tax benefit that reduces the burden of capital gains tax, is elevating property prices around the nation. Opportunity Zones are new and it’s difficult to gauge the impact until more sales have been closed. But the zones are creating a major buzz in the real estate community. “Investors are gaining ... Read More »

Affordable Housing: Avenue Builds Homes on North Side

HOUSTON – (By Dale King, Realty News Report) – Avenue, a local nonprofit dedicated to building affordable homes, knows how urgently low- and moderate-income buyers want to purchase affordable, energy-efficient single-family dwellings. The organization just completed Phase I of Avenue Meadows, a new community of 10 energy-efficient, reasonably priced residences in Houston’s Northline neighborhood. Soon after those specially designed abodes ... Read More »

Compass Realty Firm Leases Full-Floor in New Office Tower Near Highland Village

HOUSTON – (Realty News Report) – Compass Real Estate, a rapidly expanding national residential brokerage, leased a full floor in Stonelake Capital Partners’ new Park Place Tower under construction on Westheimer Road inside Loop 610. The 15-story, 210,000-SF Park Place office building has also gained Charles Schwab as a tenant and the property is now 21 percent leased ahead of its ... Read More »

Hines’ New 47-Story Downtown Tower Certified as LEED Platinum

HOUSTON — (Realty News Report) – Texas Tower, the 47-story office tower under construction on the former Houston Chronicle block has been pre-certified LEED Platinum for its sustainability achievements, according to the building’s developers, Hines and its partner Ivanhoé Cambridge. The one-million-SF office tower in the 800 block of Texas Avenue kicked off construction earlier this year. Already 33% leased, ... Read More »

Clay Development Starts Another Spec Warehouse Project – It’s 525,000 SF

HOUSTON – (Realty News Report) – Clay Development & Construction Inc. has broken ground on the 525,000-SF Kennedy Greens Distribution Center I in north Houston near Beltway 8 and Bush Airport. Clay, a Houston firm led by Robert Clay, now has four spec projects, totaling 1.8 million SF, underway in Houston. The l Kennedy Greens project is on JFK Blvd. ... Read More »

Proof that Houston is not Flat: a Knockout Redesign and Achievement in Landscape Planning

HOUSTON – (Realty News Report) – Houston is flat. Or is it? A newly re-designed, recently completed and just reopened ravine trail system within Houston Arboretum & Nature Center features elevation changes not typically seen in the Houston area. The project site’s natural landscape – considered a native riparian ecosystem — is located in the northwest corner of The Arboretum’s ... Read More »

Impacting an Office Market: Chevron’s $33 Billion Acquisition of Anadarko – Could it Create More Vacancy?

THE WOODLANDS – (Realty News Report) – Chevron Corporation’s move to acquire Anadarko Petroleum for $33 billion could have some aftershocks on the Houston real estate market. Anadarko occupies a lot of office space in The Woodlands – two major towers named after iconic company leaders – the 32-story Allison Tower and the 31-story Hackett Tower. The buildings are on ... Read More »

Realty News Report’s Swankienda Spotlight: A $6 Million Spec Mansion on Inwood Drive in River Oaks

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Whisper the name “Inwood” and longtime Houstonians remember as the River Oaks address for the city’s luminaries and leaders like the late George R. Brown, his brother Herman Brown, who lived two doors down, legal giant Leon Jaworski, and Joanne Herring, when she was married to Bob Herring, Chairman ... Read More »

Scroll To Top