Monday , 22 July 2019
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Clay Developing Distribution Building in Cedar Port Business Park

HOUSTON – (Realty News Report) – Clay Development & Construction Inc., a Houston firm led by Robert Clay, is developing a 349,440-SF, rail-served distribution building in the Cedar Port Business Park on the east side of Houston. The site is just east of FM 1405, not far from the Post of Houston and Interstate 10. Both Union Pacific and Burlington ... Read More »

Three Self Storage Projects Sold

HOUSTON – (Realty News Report) – Bellomy & Co., a commercial real estate firm with offices in Austin and Houston, has handled the sale of three Houston-area self-storage facilities. The company announced the sale of Gleannloch Storage in Spring to an out-of-state operator. Made up of 601 units – some climate-controlled, others not, along with boat, RV and office warehouse ... Read More »

NEORig Expands Oil Rig Manufacturing Plant

CONROE, Texas – (Realty News Report) – NEORig, a manufacturer of land drilling rigs and oilfield products, has added 57,024 SF of assembly space at its 80-acre Conroe Business Park campus located at 100 North FM 3083 East. The expansion by KDW, a Houston-based design/build firm, doubles NEORig’s assembly space, part of the company’s 250,000 SF of manufacturing, finishing and ... Read More »

CDPQ Makes Investment in Avison Young

Toronto and Montréal, Canada – (Realty News Report) – Mark E. Rose, Chair and CEO of the Avison Young commercial real estate services firm, announced that Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional fund managers, has made a $250-million preferred equity investment to accelerate Avison Young’s strategic growth plan. Avison Young will use the ... Read More »

Downtown Tower Sold

HOUSTON – (Realty News Report) – A partnership between TRC Capital Partners and Amstar America has acquired 1001 McKinney, a, 375,440-SF office building in downtown Houston. The seller, a partnership between Cameron Management and Silverpeak Real Estate Partners, was represented by HFF. At 23 stories, the building is overshadowed by skyscrapers twice its size today.  But when it was built ... Read More »

Buy or Rent? What’s Really Best for Your Bottom Line?

HOUSTON – (By Dale King, Realty News Report) – A trio of professors from two South Florida universities who create a quarterly housing report have offered people in the home acquisition market a riddle — and a possible redirection — in their latest publication. How can a person make more money – purchase a house or rent a residential unit? ... Read More »

Green Building: New Austin Master Planned Community Offers Geothermal Energy

AUSTIN – (By Dale King, Realty News Report) – Whisper Valley, a large planned community under development in the area Austin area, is tapping alternative, sustainable energy sources, including geothermal energy, for all its heat and air conditioning needs. Though Whisper Valley is not the first project to feature sustainable, energy-smart homes, the project’s developer says it is the largest ... Read More »

LBJ Monument to be Built in Downtown Houston

HOUSTON –  (Realty News Report) – A fundraising campaign, kicked off with a $250,000 grant from the Brown Foundation, has started with the goal of creating an 8-foot statue and a monument to honor President Lyndon Baines Johnson. The monument will be located on a tract, called Little Tranquility Park, on a downtown block bounded by Capitol, Walker, Bagby and ... Read More »

The State of the Commercial Real Estate Market, June 5, 2018

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – When Welcome Wilson Sr. put together the money for his first development, Jamaica Beach in Galveston, oil was $2 a barrel, the Texas Railroad Commission controlled the worldwide price of oil and Eisenhower was president. “I was always taught to respect my elders and now I only have one left ... Read More »

The Voice of Master-Planned Experience: Q&A with Ted Nelson, President of Newland Communities

HOUSTON – (Realty News Report) – Over the past several decades, West Houston has enjoyed phenomenal growth. But where is the area headed now? Realty News Report decided to talk to one of the individuals who was involved with the area from the beginning — Ted Nelson, President & Chief Operating Officer, Newland Communities. Nelson, according to the West Houston Association, “continues ... Read More »

Lyric Market Food Hall to Open in New Downtown 327,000-SF Parking Garage

HOUSTON – (Realty News Report) – Jonathan Enav is developing a 31,000-SF food hall in the new Lyric Centre parking garage developed by Hines in downtown Houston. The 800-space garage is being built adjacent to the Lyric Centre office building, 440 Louisiana St. The food hall, called Lyric Market, will open in the fall of 2018 with a bakery, sushi ... Read More »

Houston is Making a Massive Mistake With the Location of the High-Speed Train Terminal

HOUSTON – (Commentary by Ralph Bivins, Editor, Realty News Report) Houston is about to make a huge mistake with the development of its high-speed train to north Texas. The proposed Texas Central 200 mph rail line that will run from Houston to Dallas has a lot of good things about it. The train will be good for transit, good for ... Read More »

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