TMCx Commercialization Cluster Opening in Texas Medical Center
Houston – Texas Medical Center has announced the opening of its accelerator program, TMCx, one of the core components of the Texas Medical Center’s Innovation Institute...
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$67 Million for Hanover Montrose Apartment Tower
HOUSTON – Hanover Co., a Houston-based multifamily developer, has secured a $67 million loan to finance Hanover Montrose, a high-rise rental tower under construction at...
RNR Apartment Briefs
HOUSTON— Toronto-based Milestone Apartments REIT purchased Villas at Shadow Creek , a 560-unit multifamily apartment community for $74.0 million The acquisition is expected to be...
Operator of Realtor.com Being Sold to News Corp for $950 Million
NEW YORK– – News Corp, the owner of the Wall Street Journal, has agreed pay about $950 million to acquire Move, the operator of the massive...
Condolences – Journalist Jerry Urban Passes
We extend sympathy to the family of journalist Jerry Urban, who passed away Tuesday after an illness. Jerry was a contributor to RealtyNewsReport and he...
Hertz Pays $88 Million to Buy Tallest Tower in Jacksonville, Fla.
Jacksonville, Fla. —Parmenter Realty Partners, a Miami-based realty firm, has sold the Bank of America Tower in Jacksonville, Florida for $88 million. The 42-story, granite cladded, trophy...
Transwestern Development’s Carleton Riser to Lead ULI Houston
HOUSTON – Carleton Riser, president of Transwestern Development Co., has been appointed chair of the Houston District Council of the Urban Land Institute (ULI), effective July 1. Riser succeeds Greg Erwin, who served...
Mallick/Keating Group Buys Westchase Office
HOUSTON – A real estate investment company led by Mallick Group, Inc. and Keating Investments, purchased the Oak Park Office Center III, a 151,000-square-foot office building in...
Southern Calif. Tower Sells for $102 Million
LONG BEACH, Calif. — Marking its second major Southern California commercial real estate purchase in less than two weeks, San Diego-based Parallel Capital Partners has acquired...
USAA Buys Huge Refrigerated Warehouse
STOCKTON, Calif. — USAA Real Estate Co. has acquired 916,000 square feet of industrial space – including a massive freezer – in Stockton in California’s...