Realty News Report Covering Commercial and Residential News

HOUSTON – Parks and trails systems deliver significant value to properties near the public green spaces, a Houston valuation firm reports. “Properties located adjacent to one of Houston’s premier parks typically receive more than a 20 percent positive impact in value because of their proximity to these outstanding public spaces,” says Matthew Deal, principal of Deal Sikes & Associates. “Quality ... Read More »

DALLAS – An affiliate of Pine Tree Commercial Realty bought a 756,865-square-foot grocery-anchored retail portfolio in the Dallas-Fort Worth Metroplex, the  CBRE Capital Markets’ National Retail Investment Group announced. The portfolio is comprised of 11 retail centers, each anchored by Tom Thumb. It is 97 percent occupied. The individual assets include: Heritage Heights in Colleyville Park West Plaza in Southlake Flower Mound Crossing and ... Read More »

HOUSTON – Will Holder has spent some four decades in the home construction business, the last 22 years at Trendmaker Homes, where he is currently president. The 2012 president of the Greater Houston Builders Association, Will recently developed and taught a graduate level real estate course in The University of Houston’s Bauer College of Business, Graduate Real Estate Program. Trendmaker ... Read More »

When Ed Wulfe, chairman & CEO of Wulfe & Co., started out in the real estate business, a barrel of oil cost $1.50.  A lot has changed since 1963 in energy and retail. Considered the dean of retail real estate in Houston, Ed is the ‘go to guy’ for local, national and international retailers wanting to know about the Houston ... Read More »

AUSTIN – Trendmaker Homes, part of the TRI Pointe Group, is entering the Austin market. “After nearly 45 years in the Houston market, we are thrilled to have the opportunity to expand our reach in Texas,” said Will Holder, president of Trendmaker Homes. “Austin has experienced tremendous job growth in the last year.” Trendmaker acquired 38 lots in Belterra, a ... Read More »

HOUSTON – In the strongest September on record, the Houston Association of Realtors reported 6,691 single-family homes were sold in September, a 3.5 percent increase over September of last year. However, HAR reports a slight decrease in “pending sales” a statistic that indicates sales activity could be slowing. Traditionally home sales slow down in the fall, as the holiday seasons ... Read More »

Colvill Office Properties is an owner’s representative company specializing in office building leasing in Houston and Dallas. Colvill’s high-profile Houston assignments include Hines’ 48-story spec project under construction on Main Street and Frank Liu’s redevelopment of the downtown Post Office property. Colvill currently oversees a large portfolio of Class A office space in the nation’s fourth largest city and the ... Read More »

With its continued dependency on the energy sector, Houston has been greatly affected by the downturn in the oil and gas industry. No where is this more evident than in the cranes that dot the Houston landscape. To gauge the health of the construction sector, Realty News Report talked with Michael G. Scheurich, President & CEO of Houston-based Arch-Con Corporation, a Texas-based general contractor ... Read More »

DALLAS – CBRE Global Investors purchased the Galleria Office Towers, a 1.4 million square foot, three-building office complex adjacent to the Galleria Mall. The deal, with an estimated sales price over $300 million, was expected to be the largest office sale of the year in Dallas, says CBRE’s Gary Carr, who brokered the deal with John Alvarado, Eric Mackey and ... Read More »

  With energy prices in turmoil and layoffs mounting, there is obvious concern in in the Houston real estate industry. Realty News Report talked to Woody Mann, Jr., President, Vista Equities Group about the current situation. Founded in 1985, Houston-based Vista has been involved in the acquisition and/or development of 58 commercial properties with a market value of over $500 ... Read More »

HOUSTON – Texas is in the midst of a warehouse boom. CBRE Research reports 158 large industrial buildings were under construction in the state during the second quarter of 2015. Dallas, a major retail distribution hub, leads the way with 14 million square feet of industrial space under construction, CBRE reported. Houston, riding the wave of a petrochemical growth, has ... Read More »

COLLEGE STATION, Texas — Park West, a massive 1,300-unit 1.8 million-square-foot student housing project at Texas A&M University will be the largest student housing complex in the nation, according to the Weitz Co., the design-builder. The largest student housing complex in the country to date, the Park West will accommodate 3,402 students in more than 1,300 units ranging from studios to four ... Read More »