Realty News Report Covering Commercial and Residential News

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 »

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 »