Tuesday , 18 February 2020
Breaking News

Stream Realty Partners Acquires 300 Acres for West Houston Development

HOUSTON – (Realty News Report) – Stream Realty Partners has acquired 300 acres on Interstate 10 west of Houston where it will develop the Empire West Business Park. A 1 million square-foot speculative development, consisting of three distribution buildings, will be started soon as the Phase 1 of the Empire West project. Secondly, Stream will pursue build-to-suit opportunities and lastly, ... Read More »

Skanska Selling Downtown Tower for a Record High Price

HOUSTON – (Realty News Report) – California State Teachers Retirement System (CalSTERS) has agreed to acquire Bank of America Tower from Skanska for $542 million or $695 per SF – a record per SF sales price for a Houston office building, reports Real Estate Alert. Located at 800 Capitol Street, the 754,000-SF tower covers a block bordered by Travis, Milam ... Read More »

Moving on Up – Luxe Realty Agents Invade Texas to Advance the Pursuit of Super-Rich Buyers

HOUSTON – (By Ralph Bivins of Realty News Report) — You’re feeling lucky. Nabbing one of the ten free parking spots in the garage is a miracle in this glitz palace. But plebeians who want to avoid giving six bucks to the parking valet don’t venture on these premises often. This is Tilman Fertitta’s The Post Oak Hotel and rooms ... Read More »

With Renovations Underway, GreenStreet Refinanced with $140 Million Loan

HOUSTON – (Realty News Report) – JLL has arranged a $140 million refinancing of GreenStreet, a 617,000-SF mixed use development in downtown Houston. JLL worked on behalf of the borrowers, Lionstone Investments and Midway to secure the loan, which was provided by Blackstone Real Estate Debt Strategies. GreenStreet, covering four blocks near the intersection of Fannin and Lamar, is undergoing ... 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 »

Update: Houston’s Commercial Real Estate Market, According to NAI Partners

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Houston office market seems flatter than a West Texas mesa. Houston’s total office vacancy in the third quarter stands at 20.1 percent, up a smidge from 20.0 percent in the second quarter, according to NAI Partners. Job growth in the local economy has been good, but it’s not ... Read More »

The Best October in Houston Real Estate History, Realtors Say

HOUSTON – (Realty News Report) – Houston home sales continued their Fall surge in October as 7,231 homes were sold, an 8.1 percent increase over October of last year. October of 2019 was the best October ever for Houston Realtors. And it followed the strongest September on record. It’s a lock: 2019 will be the strongest year ever for  Houston ... Read More »

Real Estate Briefs: Presented by “Houston 2020: America’s Boom Town” – The New Book by Ralph Bivins

Read The New Book by Ralph Bivins, Editor of Realty News Report   Houston 2020: America’s Boom Town – An Extreme Close Up Available on Amazon  http://tiny.cc/4a2g6y HOUSTON BRIEFS – NewQuest Properties is nearly 100% occupied at Fairfield Marketplace in northwest Harris County after ground-leasing its last pad site to Jason’s Deli. The 4,600 SF restaurant will occupy a 1.04-acre tract ... Read More »

Tarantino Buys Retail Center from Weingarten Realty

HOUSTON-(Realty News Report) – Tarantino Properties has acquired Cypress Pointe, a 173,344-SF Kroger-anchored shopping center on FM 1960 in the Cypress area of Houston for about $25 million. JLL marketed the property on behalf of the seller, Weingarten Realty Investors, a Houston retail REIT traded on the New York Stock Exchange. Cypress Pointe is 99.1 percent leased and home to a ... Read More »

Los Angeles Firm Acquires Houston Multifamily Community

HOUSTON – (Realty News Report) –The Champions Woods Apartments, a 186-unit, garden-style multifamily community in Northwest Houston has been acquired by Haven Realty Capital, a Los Angeles-based firm. Champions Woods Apartments is located at 6830 Champions Plaza Drive near the intersection of Highway 249 and FM 1960 near Willowbrook Mall. The property has 162,936 rentable SF within 10 three-story, walk-up residential ... Read More »

Constructive Feedback: A New Service for Ranking Your Home Builder

HOUSTON – (By Dale King, Realty News Report) – A newly launched online rating system gives home buyers a forum to offer “honest, transparent reviews” of the builder that constructed their residence, says the CEO of the company that provides the service. As a result, folks looking for a firm to build a dwelling have the advantage of drawing upon ... Read More »

NAR’s Chief Economist Speaks Out: On Recession Possibilities; Mortgage Rates; and a Texas Hot Spot

SAN FRANCISCO – (Realty News Report) – Houston is doing surprisingly well even after Hurricane Harvey, reports the chief economist of the National Association of Realtors. “It (Houston) is one of the better markets in the country with rising home sales and rising home prices,” added economist Lawrence Yun. Speaking at NAR’s Residential Economic Issues & Trends Forum at the ... Read More »

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