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Fuller Realty Partners Acquires Another West Houston Office Building

HOUSTON – (Realty News Report) – An affiliate of Fuller Realty Partners has acquired Westchase Place, a Class A six-story office building located at 11200 Richmond Avenue, in the heart of Houston’s Westchase District. JLL’s Rudy Hubbard, Kevin McConn, and Rick Goings represented the seller, CAPSTAR Real Estate Advisors. Fuller Westchase Place, Ltd. an entity affiliated with locally based Fuller ... Read More »

Beaumont-Based Firm Buys Nine Retail Centers (758,983 SF) from REIT

BEAUMONT, Texas – (Realty News Report) – Albanese Cormier Holdings, a national commercial real estate investment company based in Beaumont, has acquired a portfolio comprising nine retail centers totaling 758,983 SF in Indiana, Michigan, Ohio and West Virginia, according to JLL. Albanese Cormier Holdings purchased the portfolio in an off-market transaction. JLL represented the seller, ShopOne Centers REIT, which specializes in ... Read More »

People in Real Estate – Via Realty News Report

HOUSTON – CBRE announced that one of the prominent Houston industrial teams, consisting of five market-leading sales professionals, has joined CBRE. The team includes Jason Dillee, Senior Vice President; Andrew Jewett, First Vice President; Cape Bell, Vice President; Nathan Wynne, Vice President and Harper Gully, Associate. Combined, the team has completed 968 transactions over the last 11 years totaling more than ... Read More »

Lake on Post Oak Office Lease

HOUSTON – (Realty News Report) – Carriage Services Inc. has signed a long-term extension for its 47,742-SF office space at 3040 Post Oak Blvd. Ryan Barbles and Mathew Volz of Stream Realty represented MetLife, the landlord.  Carriage was represented by Garrold Parratt and Ronnie Deyo of JLL. The 3040 Post Oak Blvd. building, which opened in 1982, was developed by ... Read More »

66-Story Project Underway in Downtown Austin

AUSTIN – (Realty News Report) – Construction work has begun on Austin’s tallest tower, a 66-story downtown building with office, residential and retail space. A partnership of Kairoi Residential of San Antonio and Dallas-based  Lincoln Property Co. is developing the tower, called 6 X Guadalupe. According to Shonda Novak of the Austin American Statesman, the building will have 589,661-SF of ... Read More »

Houston’s Hanover Co. Developing Multifamily in Tyson’s Corner

HOUSTON (Realty News Report)– Houston-based multifamily developer Hanover Co. is developing a  412-unit apartment development with ground-floor retail in Northern Virginia’s Tysons Corner submarket. JLL worked on behalf of Hanover Co. to arrange the joint venture equity partnership with PCCP, LLC. Located in the Washington, DC metro area the project will be situated on a 5.86-acre site at 1500 Westbranch Drive. ... Read More »

Mortgage Rates Hit Lowest Point Since 2016

HOUSTON – (Realty News Report) – Mortgage rates have hit their lowest point since October 2016, with the 30-year fixed-rate mortgage rate averaging 3.49 percent, according to Freddie Mac. The 3.49 percent average  for the week ending Sept. 5, was down from last week when it averaged 3.58 percent. A year ago at this time, the 30-year mortgage averaged 4.54 ... Read More »

“Houston is one of the hottest markets in the US for multifamily investors,” says major CRE Firm

HOUSTON – (Realty News Report) – REEP Equity and Hashem Holdings have acquired the 128-unit Candleridge Park Apartments in Houston – which is a hotbed for investors, JLL said. “Houston is one of the hottest markets in the US for multifamily investors,” said JLL senior vice president  CW Sheehan. “The rental market remains strong thanks to a thriving energy sector, ... Read More »

Houston Inner Loop Retail Strong; While Traditional Retail Malls Evolve

HOUSTON – (Realty News Report) – Inner Loop retail space is tight. Only 70,000 SF of Inner Loop space is vacant, reports NAI Partners. “The flight has been to the Inner Loop,” says Jason Gaines, leader of the retail division at NAI Partners. Inner Loop rents are around $42 per SF. Overall, Houston’s retail center market is good with rising ... Read More »

Midtown Company Leases Office Space in New Mixed-Use Project in The Heights

HOUSTON – (Realty News Report) – The Miller Grossbard Advisors, LLP accounting has signed a lease for 14,000 SF of office space at the M-K-T mixed-use development in The Heights. M-K-T, an adaptive re-use project is currently under construction as a joint venture of Triten Real Estate Partners and Radom Capital, LLC. M-K-T is a collection of adapted industrial buildings ... Read More »

CBRE Opens Its First Hana Coworking Unit (It’s in Dallas)

DALLAS – (Realty News Report) – Hana, a subsidiary of CBRE, has opened its first flagship location, called Hana PwC Tower at Park District in Dallas. The Hana location, within a new development project by MetLife Investment Management and Trammell Crow Co. offers flexible office leasing for large enterprises, mid-tier companies and startups alike. This is the first location for Hana, with ... Read More »

Massive East River Development (8.9 Million SF of Office, Plus Residential) is Set for a Year-End Groundbreaking

HOUSTON – (By Michelle Leigh Smith for Realty News Report) –  What could be Houston’s most transformative urban infill development is going to rise on the eastern edge of downtown. It’s on a waterfront site facing what Houstonians call “a bayou.” Instead of a “bayou” it could have been named “a river.” So the developer of the massive real estate ... Read More »

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