Realty News Report Covering Commercial and Residential News

McKINNEY, Texas – A partnership of The Johnson Development Corp. and Tricon Capital Group Inc. has purchased the McKinney, Texas master-planned community of Trinity Falls, the newest and largest master-planned development in Collin County near Dallas. Houston-based Johnson Development and Tricon purchased the 1,700-acre community from Castle Hill Partners, an Austin private investment firm. Upon full build-out, Trinity Falls will ... Read More »

NEW ORLEANS – Mixed-use communities today are to Millennials what golf courses were to baby boomers two decades ago, according to Mark Toro, Managing Partner of Cincinnati-based North American Properties who has created, or recreated, a number of phenomenally successful mixed use projects including Atlanta’s Atlantic Station, a mix of retail, residential and high-rise office buildings and Avalon a $600 ... Read More »

AUSTIN – Transwestern Development Co. will break ground in June on the Indie Apartments, a micro-unit community at 1648 E. Sixth St. in Austin. Transwestern Development Co. will construct the 139-unit community with a 2,500-SF restaurant in East Sixth, a thriving entertainment district just east of downtown Austin. The 55,814-square-foot property will have 350-SF studio units and 520-SF, two-bedroom units. ... Read More »

HOUSTON – Midway Cos., which has just opened its fifth office building in its CityCentre mixed-use development west Houston, is seeking tenants for two additional office towers on the northern edge of the project. The two new office towers, totaling 750,000 SF, will be built near Interstate 10, part of a northward expansion of CityCentre, which includes office, retail, hotels, ... Read More »

(By Dale King) The skylines of downtown Houston, Dallas and Austin will shortly be taking a definite upward look with an increasing number of new high-rise apartment buildings being planned and under construction, says the CBRE Group commercial real estate services firm. “The demographic cohorts in this driver’s seat are swelling ranks of millennial renters and the oncoming senior tsunami ... Read More »

HOUSTON – With “one of a kind” specialty retailers like Cheeky Vintage, Found, and Kuhl-Linscomb, Houston’s “inside the Loop” retail scene is thriving.  Virtually any time of day, the region is buzzing with shoppers who are partaking of the area’s eclectic shops and restaurants.  What makes the inner city scene so exciting?  What about the ever-changing shops along lower Westheimer?  ... Read More »

HOUSTON – A joint venture of Greystar and Medistar Corp. have announced plans to develop Ascent Med Center, a 35-story apartment project on the western edge of the Texas Medical Center in Houston. Groundbreaking for the 375-unit project will be in the first quarter of 2016 with Hoar Construction as the general contractor. The project, located at the corner of ... Read More »

HOUSTON – California-based Plastic Express has preleased 394,489 SF in Phase II at Port 225 in Pasadena, Texas, near the Port of Houston from Clarion Partners. The 750,000-SF Phase II of Port 225, set for completion in the second quarter, is 65 percent leased. Transwestern’s Brian Gammill and Darryl Noon represented the building owner, Clarion Partners. Jeff Huberman, Mike Spears ... Read More »

HOUSTON – Surge Homes has started three urban residential developments in the Inner Loop of Houston, offering single-family homes, townhomes and condominiums. The three new projects are: Upper Richton in Upper Kirby, Museum Blvd. in the Museum District, and Parc at Midtown in Midtown. They are currently undergoing site development work, including the demolition of old structures; site clean-up; and the construction of ... Read More »

DALLAS – The Houston-based Vinson & Elkins law firm has leased 80,000 square feet The Union Dallas, a $200 million mixed-used project under development by RED Development. The 800,000 square foot Union project will have a 22-story, 417,000-SF office tower; a residential tower with 309 apartments and retail space with a 60,000 sf Tom Thumb grocery. The project is located ... Read More »

HOUSTON – Real estate is bending and evolving to be attractive and relevant to the massive millennial generation, according to experts at an Urban Land Institute panel discussion. But while seeking to meet the millennial market, developers need to exercise caution when building new projects today. Being too experimental with millennial-focused trends can make a building unappealing to future tenants, ... Read More »

HOUSTON — Arch‐Con Construction has started construction on a two-story office building near the Grand Parkway, west of Houston’s Energy Corridor in the Katy area. Mission Companies is the developer of the office project, called Grand Corners II. This 23,531 square‐foot tilt‐wall office building, 22316 Grand Corner Drive, will be a sister building to The Mission Companies’ existing Entrust Building, ... Read More »