Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) –  The Avenue non-profit organization has broken ground on Avenue Center, a new mixed-use community resource center in Near Northside of Houston. Construction was kickstarted by a $1 million gift from the BBVA Compass Foundation, which will create opportunities for Avenue’s comprehensive homebuyer education and counseling programs at Avenue Center. “We are delighted to commence ... Read More »

HOUSTON – (Realty News Report) – American Landmark, a Tampa. Fla.-based multifamily owner-operator, has acquired a six-property multifamily portfolio located in Texas’ major metro areas. The portfolio includes multifamily assets in Houston, San Antonio, Austin and Irving,  totaling 2,284 apartment units. The acquisitions bring American Landmark’s Texas portfolio up to 33 properties. The company currently owns and manages approximately 25,000 ... Read More »

HOUSTON – NAI Partners has hired Travis L. Rodgers as Executive Vice President. In this newly created position, Rodgers will be working closely with Managing Partner Jon Silberman and will have responsibility for overall executive management of both the operations and revenue management, and growth of the firm. Previously, he was with Whitestone REIT. HOUSTON – Eric Lestin, a retail leasing expert, has been ... Read More »

HOUSTON – (By Ralph Bivins, Realty News Report) -Ancient Houstonians may remember when Sharpstown Mall on the Southwest Freeway opened a new-fangled food court. Food courts, with their lineup of fast-food chains and the hideous odor of deep-fat fryers brimming with broiling grease, still exist. But you don’t hear the words “food court” much anymore. Everybody is talking about the ... Read More »

SUGAR LAND, Texas – (Realty News Report) – A 63,000-SF mixed-use project, called Riverstone Town Center, is under development in Fort Bend County by The Marcel Group, a Woodlands-based firm led by Vernon Veldekens. The project, located near the corner of University Blvd. and LJ Parkway, will have 41,875 SF of retail and restaurant space and 27,000-SF of office, according to ... Read More »

HOUSTON – (Realty News Report) – CBRE has been retained as the exclusive retail leasing agent for The Star, a residential high-rise redevelopment at 1111 Rusk in downtown. The historic 1915 Texaco Building has been redeveloped as 286 apartments and 26,170 SF of retail. CBRE’s Rachel Farris, Lacee Jacobs, and Laura Harness will lease The Star retail on behalf of ... Read More »

KATY, Texas – (Realty News Report) – Trendmaker Homes Houston, a member of the TRI Pointe Group has announced the grand opening of LakeHouse, a new gated community just west of Houston in Katy. As the developer and home builder, Trendmaker will deliver approximately 350 home sites and several community amenities to the 225-acre property. The community is located west of the ... Read More »

HOUSTON – (Realty News Report) – Northridge Capital LLC has acquired the new HP Plaza, a 378,000-SF office development in CityPlace in SpringwoodsVillage north of Houston. Completed in November of 2018, HP Plaza was developed by Houston-based Patrinely Group for HP Inc., which occupies 100 percent of the space in a long-term lease. “HP Inc. was the largest office lease ... Read More »

HOUSTON – (Realty News Report) – Houston Realtors registered the strongest March ever as home sales rose nearly 5 percent in March compared to a year earlier, the Houston Association of Realtors reported. HAR reported a record 7,072 single-family sales in March, compared to 6,740 in March of 2018. Through the first quarter, year-to-date home sales were 0.3 percent of ... Read More »

HOUSTON – (Realty News Report) – The White & Case law firm signed an 11-year lease for 57,315 SF at 609 Main at Texas, a 48-story, 1,073,075-SF office tower in downtown Houston. With the signing of this lease, 609 Main at Texas stands at 84 percent leased. The tower, which held  its grand opening in May 2017, was developed by ... Read More »

HOUSTON – (Realty News Report) – A joint venture of Hicks Ventures and Taconic Capital Advisors acquired 1177 West Loop South, an 18-story office tower on Loop 610 near Memorial Park and the Galleria. The seller was Spire Realty Group, a Dallas-based firm led by Caleb Smith. Spire was represented by HFF’s Dan Miller, Marty Hogan and Johnny Kight. The ... Read More »

HOUSTON – (Realty News Report) – Netherland, Sewell & Associates has renewed their lease at Fulbright Tower, the Class A office tower located at 1301 McKinney Street in downtown Houston. Netherland, Sewell & Associates, an oil and gas consulting firm, leases 25,543 SF. The firm was represented in lease negotiations by Griff Bandy of NAI Partners. “Netherland, Sewell & Associates’ ... Read More »