Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – An affiliate of Fuller Realty Partners has acquired Westchase Place, a Class A six-story office building located at 11200 Richmond Avenue, in the heart of Houston’s Westchase District. JLL’s Rudy Hubbard, Kevin McConn, and Rick Goings represented the seller, CAPSTAR Real Estate Advisors. Fuller Westchase Place, Ltd. an entity affiliated with locally based Fuller ... Read More »

HOUSTON – (Realty News Report) – Carriage Services Inc. has signed a long-term extension for its 47,742-SF office space at 3040 Post Oak Blvd. Ryan Barbles and Mathew Volz of Stream Realty represented MetLife, the landlord.  Carriage was represented by Garrold Parratt and Ronnie Deyo of JLL. The 3040 Post Oak Blvd. building, which opened in 1982, was developed by ... Read More »

HOUSTON – (Realty News Report) – Mortgage rates have hit their lowest point since October 2016, with the 30-year fixed-rate mortgage rate averaging 3.49 percent, according to Freddie Mac. The 3.49 percent average  for the week ending Sept. 5, was down from last week when it averaged 3.58 percent. A year ago at this time, the 30-year mortgage averaged 4.54 ... Read More »

HOUSTON – (Realty News Report) – REEP Equity and Hashem Holdings have acquired the 128-unit Candleridge Park Apartments in Houston – which is a hotbed for investors, JLL said. “Houston is one of the hottest markets in the US for multifamily investors,” said JLL senior vice president  CW Sheehan. “The rental market remains strong thanks to a thriving energy sector, ... Read More »

HOUSTON – (By Dale King, Realty News Report) – It’s a bird; it’s a plane; it’s a super commuter. These are the brave souls who travel 90 minutes or more getting to work. And that’s just the one-way segment. Nationally, 2.9% of workers are super commuters – long riders aboard cars, buses, trains and other modes of transport, says a ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – With almost 9,000 homes sold, July was the best month ever in Houston real estate history, the Houston Association of Realtors reported. The association reported 8,953 single-family homes were sold in July. That shattered the previous record month – July of 2018 when 8,385 houses were sold. “Real estate ... Read More »

HOUSTON – (Realty News Report) – Ontellus, the nation’s largest privately-held data retrieval and claims intelligence provider, is moving its national headquarters to the 910 Louisiana building in downtown Houston. Ontellus, which has achieved 20 percent revenue growth in the past year and significantly grown its workforce, will occupy more than 32,000 SF on floors 45 and 46 of the ... Read More »

HOUSTON – (By Dale King, Realty News Report) – The federal government has allocated $12 million in disaster relief funds to help a historic section of Houston rebuild from the destruction inflicted by Hurricane Harvey two years ago. The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, recently announced it has received the cash to “replace housing stock ... Read More »

HOUSTON – (Realty News Report) – A group of veteran commercial real estate finance professionals from Jones Lang LaSalle have been retained to start a Walker & Dunlop office in Houston. Mike Melody, Tom Melody, Tom Fish and Paul House have been named managing directors at Walker & Dunlop’s new office in Houston. Jonathan Paine was named senior vice president. ... Read More »

HOUSTON – (Realty News Report) – Four finalists have been selected in the international design competition that will result in the creation of a new headquarters building for the Houston Endowment, a philanthropic organization. The funding for the 40,000-SF project has been secured, along with the site, which is just west of downtown, near Buffalo Bayou, Memorial Drive and Spotts ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – MLB Capital Partners, Houston-based commercial real estate investment, broke ground Tuesday on the much-anticipated Houston Farmers Market redevelopment project near The Heights. The 77-year-old market on Airline Drive will be upgraded with enhanced facilities, modern infrastructure, diversified product offerings and sustainable community programming to establish a unique destination retail ... Read More »

HOUSTON – (Realty News Report) – Parkway Properties Investments has signed M.M. LaFleur, a high-end retailer, as a tenant in Post Oak Central, as part of an effort to add an upscale retail to the development. “This lease furthers our goal of creating an upscale retail mix that not only builds our campus ecosystem, but also positions Post Oak Central ... Read More »