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Arch-Con Breaks Ground on Fort Worth Power Center

FORT WORTH – (Realty News Report) – Arch-Con Corporation is building the Shops at Chisholm Trail, a 35-acre retail development by Street Level Investments. The 215,000-SF power center, which will have a movie theater, is at the corner of Chisholm Trail Parkway and McPherson Boulevard in southwest Fort Worth. The center is in a high-growth area that also draws from ... Read More »

Seniors Housing Breaks Ground in NE Houston

ATASCOCITA – (Realty News Report) – MedCore Partners and TNRG have broken ground on the Fountainwood at Lake Houston, a 190-unit senior living community near the northeast corner of West Lake Houston Parkway and Will Clayton Parkway. Situated just off the shores of Lake Houston and offering premier senior living services to the greater northeast Houston area, Fountainwood at Lake ... Read More »

Remodeling Surging in Houston – And Around the Nation

HOUSTON – (By Dale King, Realty News Report) – The home remodeling market in the U.S. has skyrocketed by more than 50% since the Great Recession of 2007-2009 ended, says a report by Harvard University’s Joint Center for Housing Studies. Houston and its environs have generally mirrored that ballooning pace, said the owners of two local rehab firms. One service ... Read More »

Caldwell Developing 1,200-Acre Community for Over-55 Homebuyers

WILLIS, Texas  – (Realty News Report) – Caldwell Communities has announced plans for a 1,200-acre active adult community in Willis, about 50 miles north of downtown Houston. The community, located just west of I-45 with direct access to Lake Conroe, this  gated residential community, Chambers Creek Ranch, will consist of 3,000 homes specifically designed for those 55 and older. The site ... Read More »

Direct Energy Moving HQ From Greenway Plaza to Houston Center in Downtown

HOUSTON – (Realty News Report) – Brookfield Properties announced that Direct Energy LP has signed a lease for its corporate headquarters at 2 Houston Center, the Class A office tower located at 909 Fannin Street in downtown Houston. Under the terms of the agreement, Direct Energy will have the largest office footprint at 2 Houston Center to date, leasing 105,578 ... Read More »

Energy Company Lease Pushes Hines Downtown Tower to 80 Percent Occupancy

HOUSTON – (Realty News Report) – EnVen Energy Corp. signed an 11-year lease for 57,139 SF at 609 Main at Texas, a 48-story, 1,073,075-SF office tower in downtown Houston. The independent oil and natural gas firm which specializes in  deepwater properties in the Gulf of Mexico, will relocate to the building this fall and will occupy the thirty-first and thirty-second ... Read More »

Wood Partners Building Apartment Community in Houston

HOUSTON – (Realty News Report) – Wood Partners, a national multifamily development firm, is building a 338-unit apartment project on Main Street, near NRG Stadium. The four-story community, constructed in wrap configuration around a parking garage, will be complete in the spring of 2020, Wood Partners said in a press release. The developers say the community – called Alta Med ... Read More »

Nicholas Residential Buys 2,115 Houston Apartment Units

HOUSTON – (Realty News Report) – Nicholas Residential, a Dallas-based real estate investment firm, purchased the Beltway Portfolio, a collection of six multifamily properties located throughout the Houston area totaling 2,115 units. Justin Shuart and Jason Pumpelly, with Cushman & Wakefield’s Equity, Debt and Structured Finance team in Dallas, arranged the equity on behalf of Nicholas Residential. The seller was ... Read More »

Ronald McDonald House Expands at Texas Medical Center

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – An adorable 4-year old moved in to Ronald McDonald House Houston at 1907 Holcombe with her parents last week. She looked out the towering window and spied the red, blue and yellow playscape. “Can I please go out now?” she asked. The cheery, family-centric atmosphere has been added 40 ... Read More »

Home Affordability: The Rent vs Buy Question

HOUSTON – (By Dale King, Realty News Report) – The monthly cost of owning a home has surged this year, decelerating existing home sales to the slowest pace in more than two years, says a research brief drafted this month by Institutional Property Advisors, part of Marcus & Millichap Real Estate Investment Services Inc. Home sales declined in July for ... Read More »

1,331-Unit Westchase Multifamily Portfolio Acquired

HOUSTON – (Realty News Report) – Valcap Group LLC acquired 1,331 multifamily units in the Westchase District of Houston, CBRE reported. The value-add portfolio included the Westchase Estates, Westchase Grand and Westchase Preserve communities. CBRE’s Matt Phillips and Clint Duncan represented the seller, Ascension Commercial Real Estate and Moriah Group. CBRE’s Michael Thompson, Executive Vice President, arranged financing on behalf ... Read More »

Houston Strong: Home Sales Up 9 Percent in July

HOUSTON – (Realty News Report) – The Houston continued its summer surge in July as single-family home sales rose 9.1 percent over July of last year, according to the Houston Association of Realtors. Propelled by strong job growth, the Houston housing market is headed toward a record-setting year. The most recent economic statistics show the Houston area gained 94,600 new ... Read More »

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