Realty News Report Covering Commercial and Residential News

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 »

HOUSTON – (Realty News Report) – Avera Construction recently broke ground on a 30,000-SF warehouse on a 7.2-acre site in Deer Park, less than 10 miles from the Port of Houston. The project is a design-build for Atlas Copco Rental LLC, a Swedish manufacturer of industrial tools and equipment. The single-story metal building will include office space and an extensive ... Read More »

HOUSTON – (Realty News Report) – First Industrial Realty Trust has executed two leases to bring its brand-new First 290, located at 6913 Guhn Road in Northwest Houston, to 100 percent leased, four months after delivery. The 126,250-SF bulk warehouse is now leased to Iron Mountain (45,990 SF) and Black Horse Carriers (80,260 SF). Matteson Hamilton and Jeremy Lumbreras of Stream ... Read More »

HUMBLE, Texas – (Realty News Report) – Quasar Logistics IAH, Ltd. Acquired 71.8-acres in Humble for a new industrial development. NAI Partners’ Clay Pritchett represented the buyer. NAI Partners’ John Ferruzzo, Nick Peterson, and Ryan Searle represented the seller, Platinum Ridge LP. The new owner expects to “capture rising demand within the logistics and distribution sectors of the north Houston ... Read More »

HOUSTON – (Realty News Report)- NorthPoint Development acquired 190 acres on the east side of Houston where it will develop a 2.5 million SF industrial park. Colliers International’s Blake Gibson and Ryan Byrd represented NorthPoint in the deal and will market the project for lease. The land seller, Sowell Equities-Forestwood LP, was represented by Michael Keegan of NAI Partners. The ... Read More »

BAYTOWN, Texas (Realty News Report)  – An entity affiliated with NIT Industrial LLC has acquired 12.8 acres in the Cedar Port Industrial Park for a four-building spec industrial park with 204,000 SF. The tilt-wall buildings will be about 50,000 SF each. Jason Tangen of Colliers International represented the buyer. The seller TGS Cedar Port Partners was represented by Joel Michael ... Read More »

HOUSTON – (By Kyle Hagerty for Realty News Report) – Across the nation, logistics-focused industrial facilities can’t be built fast enough and that’s great news for Texas. The Lone Star State is on the receiving end of a nationwide industrial building boom, accounting for 50 million square feet of the nation’s 274 million square feet currently under construction, over 18% ... Read More »

HOUSTON – (Realty News Report) –  Molto Properties, a Chicago firm with plans to expand in Houston, broke ground on a 136,551-SF spec distribution center in northwest Houston, according to Lee & Associates. Called 290 Northwest Business Center, the project is at 21420 Northwest Freeway. Reed Vestal, Taylor Schmidt and Robert McGee of Lee & Associates are marketing the Molto ... Read More »

HOUSTON  – (Realty News Report) – Adkisson Group acquired 225 acres near Baytown for the development of a business park on the east side of Houston. The property, called Bay 10 Business Park, is located on the west side of Grand Parkway just south of I-10 East and is zoned for light industrial and heavy industrial uses. It’s currently home to ... Read More »

McAllen, Texas – (Realty News Report) – Vacancy in the industrial real estate market has reached an all-time low as strength in the warehousing/distribution sector has tightened commercial real estate availability. McAllen, just north of the Mexican border, was drawn into the national spotlight Thursday as President Donald Trump visited the city amid the ongoing immigration debate. The McAllen city ... Read More »

HOUSTON – Avera, a commercial real estate development, construction and investment firm, acquired 40 acres to develop Cedar Port Logistics. Plans for the development will include a building that will be between 610,000 and 2,262,000 SF. The site, located in Cedar Port Industrial Park, is located east of the Port of Houston, on the north side of Highway 99. John ... Read More »

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 »