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Category Archives: Realty News Report

Exterran Property Sold — 301,000 SF to Calif. Investors

HOUSTON – (Realty News Report) – Redwood Property Investors III LLC, a California-based private investment fund, recently purchased the former Exterran Energy Solutions campus in northwest Houston at 12001 North Houston Rosslyn Road. The project has 301,127 SF of industrial warehouse,  manufacturing and office buildings on 32 acres of land. Clay Pritchett and Zane Carman, of NAI Partners represented Redwood Property ... Read More »

E-Commerce Backwash – Return of Gifts Puts a Strain on Warehouses in the Supply Chain … ( In the Industry, they call it ‘Reverse Logistics’)

HOUSTON – (Realty News Report) – Today, America’s warehouses are experiencing the backwash from the e-commerce boom. January 2 will be the peak day for merchandise returns with an estimated 1.9 million packages heading back from buyers to sellers on this day alone, according to a new CBRE report. The wave of returns requires a great deal of warehouse space. ... Read More »

OXY Sells Office Buildings in The Woodlands and Energy Corridor for $565 Million

THE WOODLANDS – (Realty News Report) – The Howard Hughes Corp. has acquired the two former Anadarko office towers in The Woodlands, along with a 63-acre corporate campus in the Energy Corridor, in a $565 million transaction with Occidental Petroleum. The huge real estate deal follows Occidental’s $55 billion purchase of Anadarko Petroleum Corp. last August. Subsequently, Occidental announced it ... Read More »

Timely Book Prepares Readers for New Year: ‘Houston 2020: America’s Boom Town’ by Ralph Bivins

HOUSTON – (Realty News Report) – The timely book by Houston journalist Ralph Bivins,  Houston 2020: America’s Boom Town – An Extreme Close Up,   examines the entrepreneurial mecca that became one of nation’s fastest-growing cities. With deft forensics and informed observations, Bivins explains the forces that shaped Houston and brought the city to a tipping point. Digesting its robust growth poses a ... Read More »

Stabilized and Looking Spiffy, Houston’s Oldest Home Reopening After Extensive Restoration

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – After a $1.8 million stabilization and preservation project, Houston’s oldest home is reopening following five years out of the public eye. Located in Sam Houston Park on downtown’s west side, the Kellum-Noble House – circa 1847 – sits on its original site. The historic home is sitting a lot more ... Read More »

Real Estate Briefs: Houston, Austin, Dallas and San Antonio

HOUSTON – (Realty News Report) – 2Ml Real Estate Interests, Inc. has purchased a 31,285 SF strip center at 10850 – 70880 Louetta Road, across from an H-E-B Supermarket in northeast Houston. Matthew Berry and Robbie Kilcrease with CBRE Houston represented the seller, Watumull Vintage, LLC. ……………………………………………. Cricket Wireless USA, LLC has executed a six-year lease for 20,428 SF at 14615 Beechnut ... Read More »

Sealy Buys 500,000 SF Building West of Houston

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 »

With Rainwater Collection and Rooftop Garden, New Houston Skyscraper Ranked as One of Most Sustainable Towers in the World: LEED Platinum

HOUSTON – (Realty News Report) – A new 35-story office building in downtown Houston has been awarded LEED Platinum status, a certification indicating it is one of the most sustainable and energy-efficient skyscrapers in the world. The Bank of America Tower, a 780,000-SF office building at 800 Capitol, uses 32 percent less energy than typical towers, according to Skanska USA ... Read More »

Seven Predictions for the Remainder of 2019

HOUSTON – (By Ralph Bivins, Realty News Report) – The first quarter draws to a close. 2019 pours out of the hour glass even though it seems like New Year’s Day was only yesterday. Nevertheless, the first quarter will be gone in about two weeks. So it’s time for a few predictions for the remainder of the year. PREDICTION ONE: 2019 ... Read More »

Molto Properties Enters Houston With NW Spec Distribution Center

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 »

Jankowski: Hurricane Delayed Houston’s Economic Recovery; It Didn’t Kill It

HOUSTON – (Realty News Report) -Hurricane Harvey did not derail Houston’s economic recovery; the storm merely delayed the city’s rebound a few months, according to a leading Texas economist. “Hurricane Harvey had little impact on Houston’s business structure,” continued Patrick Jankowski, CCR, senior vice president research and regional economist for the Greater Houston Partnership.  “Harvey hit the recovery reset button, ... Read More »

Huge Rainwater Harvesting Cistern and Rooftop Park for New Houston Tower

HOUSTON – A 50,000-gallon rainwater harvesting cistern will be installed – along with  a green rooftop park – at the new Skanska skyscraper under construction in downtown Houston. The captured water will be used to sustain the 24,000-SF Sky Park at Capitol Tower, which will be located on the 12th story above street level. OJB Landscape Architecture designed the park, ... Read More »

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