Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Warehouse construction is surging in Houston as strong job growth, improving oil prices and the city’s emergence as a major distribution hub has energized the industrial real estate sector. Sixty-three major industrial buildings are currently under construction and more new space is on the way, according to a new report by the Avison Young ... Read More »

HOUSTON – (Realty News Report) – Houston’s industrial real estate sector continues to be vibrant, thanks to a number of factors including an uptick in e-commerce distribution centers and logistics facilities. According to Colliers International’s 2018 second quarter industrial report, more than 12.3 million square feet of industrial space is currently under construction, much of that in the form of distribution and logistics facilities. In addition, industrial activity ... Read More »

HOUSTON – (Realty News Report) – Investcorp, a Bahrain-based firm, has acquired a portfolio of 56 industrial properties, including two in Houston, for $300 million. Greenfield Partners of Connecticut is the seller of the 4.5 million SF portfolio, which is 91 percent leased. CBRE’s Jack Fraker, Jonathan Bryan, Randy Baird and Ryan Thornton of Dallas were part of the marketing ... Read More »

HOUSTON – (Realty News Report) – MARS Properties has broken ground on High Point West, an 89,440-SF industrial distribution center in Katy, west of Houston. CBRE will lead the marketing for the High Point West project, located at 1039 Schlipf Road. High Point West has direct access to the Interstate 10 corridor, serving Houston, Austin and San Antonio. The state-of-the-art ... Read More »

HOUSTON – (Realty News Report) – Crow Holdings Industrial has broken ground on a 349,050-SF distribution building in Deer Park on the southeast side of Houston. The Colliers team of Jon Lindenberger, Walter Menuet and Paul Dominique have been awarded the exclusive listing to market and lease the property for Crow. Lindenberger also represented Crow Holdings in the acquisition of the ... Read More »

EL CAMPO, Texas – A group including Stonemont Financial Group of Atlanta will break ground in June on a 540-acre rail-served business park in El Campo, which is about 60 miles southwest of Houston. The project will increase logistics efficiency to and from Mexico and avoid trucking costs and delays, said John Simons of NAI Partners. The business park could ... Read More »

SAN FRANCISCO and DENVER – (Realty News Report) – Prologis Inc., an industrial developer based in California, has agreed to acquire DCT Industrial for $8.4 billion. Both firms have significant holdings in Texas, including scores of warehouses in Houston. As of March 31, DCT Industrial owned 393 operating properties, totaling 63.3 million SF with occupancy of 97.7 percent. Prologis owns ... Read More »

HOUSTON – (Realty News Report) – Black Creek Group, a Denver-based investment and development firm, acquired Stafford Grove Industrial Park, three warehouse buildings totaling 351,960-SF in Stafford on the southwest side of Houston. The seller, an investment group led by Crow Industrial Holdings, was represented by Trent Agnew and Rusty Tamlyn of HFF, along with HFF analyst Dane Petersen. The ... Read More »

HOUSTON – (Realty News Report) — Sealy & Co. acquired the Sam Houston Business Park, a 262,631-SF, four-building project in northwest Houston. Tom Lynch & Heather McClain of CBRE represented the seller, the Levey Group. The business park, which is 100 percent leased, is located in the 8800 block of North Sam Houston Parkway West. “The acquisition of this trophy ... Read More »

HOUSTON – (Realty News Report) – Warehouses totaling more than 3.3 million SF broke ground in Houston in the fourth quarter of 2017, accentuating a trend for higher industrial land prices, according to CBRE. Many of the new industrial buildings are being constructed on a spec basis, CBRE said, although Hines and Arch-Con Construction are building 600,000 SF for Emser ... Read More »

HOUSTON – (Realty News Report) – The new Stafford Grove Industrial Park, a 352,000-SF in Houston’s southwest market, has reached 85 percent occupancy. The spec project, completed in January 2017, is owned by Crow Holdings Industrial. Notable tenants that have signed leases at Stafford Grove include Jackson Supply, Tire Centers, Mester Lighting Corporation, Matrix Metals, QRC Valve Distributors, Chaoda Supply ... Read More »

HOUSTON – (Realty News Report) – ATCAP Fund I bought a four-property, 16-building Houston industrial portfolio totaling 936,608 SF. The HFF team of Trent Agnew and Rusty Tamlyn represented the seller, Stockbridge Capital Group of San Francisco. “Class B industrial, especially portfolios of scale, continue to generate a tremendous amount of interest due to the lack of competitive supply, pricing ... Read More »