Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Houston-based Pontikes Development is set to break ground on Port 10 Logistics Center, a rail-served industrial development with 3 million SF of warehouse and distribution space on Interstate 10, near the Houston Ship Channel. The 246-acre development will be located at the southeast corner of Thompson Road and I-10 in Baytown. The first phase ... Read More »

HOUSTON – (Realty News Report) – Hines, the Houston-based real estate firm, has sold a 2.9 million-SF portfolio of industrial and logistics properties in northern Mexico to Grupo IGS. The portfolio consists of 27 properties located in the northern markets of Mexico, including Monterrey, Ciudad Juarez, Matamoros, Reynosa and Torreon. Major tenants in the portfolio include: DalTile, General Electric, Yazaki, ... Read More »

HOUSTON – The Houston industrial market is evolving, says Ryan Searle, industrial broker in the Houston offices of NAI Partners. Industrial construction has been on rise, Searle says, as Houston has gain prominence as a distribution hub. Large distribution projects, much bigger than what has been typical in the past, have been built in recent years. A 900,000-SF facility is ... Read More »

HOUSTON – (Realty News Report) – Atlanta-based Oakmont Industrial Group has commenced construction on Oakmont West 10, a 673,785 SF spec warehouse in the West Ten Business Park on Interstate 10, west of Houston. The project will be on 42 acres in West Ten Business Park, which Oakmont acquired from from Parkside Capital. John Simons and Holden Rushing with NAI ... Read More »

HOUSTON – Construction has started on a 600,000-SF build-to-suit for Emser Tile in Pinto Business Park, a north Houston commercial development owned by the Houston-based Hines real estate firm and its joint venture partners Kohlberg Kravis Roberts & Co. Pinto Business Park is located near the southwest corner of Beltway 8 and I-45 North. Emser Tile is the largest, privately-held designer ... Read More »

PASADENA, Texas – (By Michelle Leigh Smith) – The Texas Gulf Coast has $40 billion in new petrochemical plants on the way, raising concerns about whether Texas will have enough certified workers to staff them. The coastal region boasts the largest petrochemical manufacturing complex in the United States, second largest in the world, and is home to 90 companies and ... Read More »

HOUSTON – Atcap Partners, a Dallas-based investment group, has acquired three warehouses buildings in infill markets of Houston. TA Realty, the seller, was represented by Trent Agnew and Rusty Tamlyn of HFF. The three buildings, which contain a total of 101,635 SF, are 100 percent leased. The portfolio includes a building at 3300 Claymoore Park in northwest Houston and two ... Read More »

HOUSTON – Cabot Properties has acquired Techway Southwest, a 415,000-SF industrial property in southwest Houston on Bissonnet Street, near Beltway 8. The price was $33 million. The seller, EastGroup Properties of Jackson, Miss., was represented by Jack Fraker, Randy Baird, Heather McClain Venegoni and Tom Lynch of CBRE. The four-building portfolio is 100 percent leased with a diverse range of ... Read More »

HOUSTON – Exeter Property Group, an investment management firm based in Conshohocken, Pa., has acquired Bammel Business Park in northwest Houston. The five-building, 246,000-SF project is located on 14 acres on the North Sam Houston Parkway West. Rusty Tamlyn and Trent Agnew of HFF represented the seller, FR/Cal Bammel. “This offering generated substantial interest due to the value-add nature, deal ... Read More »

HOUSTON – Basintek LLC, a manufacturer of oilfield equipment, has renewed its existing lease and leased an additional 50,000 SF of industrial space at its manufacturing facility in north Houston near George Bush International Airport. The 200,000-SF deal is one of the largest industrial leases of 2017, reports NAI Partners. Nick Peterson and John Ferruzzo of NAI Partners represented Basintek, ... Read More »

HOUSTON – AmazonFresh is preparing to locate a grocery logistics operation in Houston warehouse space as it gears up for a major foray into grocery delivery in Space City. The e-commerce giant is expected to occupy more than 100,000 SF of warehouse space in the Fallbrook Pines Business Park near the intersection of Beltway 8 and Highway 249 in northwest ... Read More »

PASADENA, Texas – Clay Development & Construction Inc. has begun construction on Energy Commerce Phase II, a two-building, 334,360-SF warehouse/distribution project in Pasadena on the east side of Houston. The spec project is slated for completion in the first quarter of 2018. “The Port of Houston area is thriving with dramatic expansion in Gulf Coast refinery output, exports of crude ... Read More »