Realty News Report Covering Commercial and Residential News

EL CAMPO, Texas – (Realty News Report) – Vitro Chemicals, a subsidiary of a Mexico-based glass manufacturer, will occupy a new warehouse in the 540-acre Southwest International Gateway Business Park, a new industrial development designed to accommodate cross-border trade. The rail-served business park, which is “purpose-built for cross-border shippers” is located 60 miles southwest of Houston in El Campo, according ... Read More »

HOUSTON – (Realty News Report) – United Equities has signed leases for Phase 1 of its new Beltway-225 Business Park along Beltway 8 in Pasadena. “There has been ongoing demand for high-end industrial product in Houston,” said Doug Freedman, Vice President, United Equities. “We’re proud to deliver spec developments with all of the features and amenities today’s premier industrial tenants are ... Read More »

HOUSTON – (Realty News Report) – CBRE has been retained to identify operators to lease the 8,547 SF restaurant space that will be built as part of the redevelopment of Jones Plaza in downtown Houston’s Theater District. Houston First Corp., a governmental corporation which operates the city’s performance halls, convention center and the Hilton Americas convention hotel, is overseeing a ... Read More »

HOUSTON – (Realty News Report) – CJ Development has purchased 43 acres of land located near the intersection of the Grand Parkway and West Bellfort in Richmond. CJ Development, which controls 15 adjacent acres, will develop a mixed-use development that is expected to include retail, restaurant, medical, fitness, and other business enterprises. The new development, named Grand Center at Long ... Read More »

HOUSTON – (Realty News Report) – Madison Marquette has sold a six-story Greenway Plaza area office building to a Griffin Partners fund. JLL Capital Markets marketed the 136,700-SF boutique office building, 2900 Weslayan, on behalf of Madison Marquette. The building is located on a 2.8-acre site at the corner of Weslayan and West Alabama, in the Inner Loop of Houston, ... Read More »

HOUSTON – (Realty News Report) – Contrarian Capital’s historic Esperson Buildings in downtown Houston are expected to draw offers around $65 million in a new effort to sell the buildings, reports Real Estate Alert. JLL has the listing for the combined 509,000-SF properties. The property includes the 32-story Niels Esperson Building, built in 1927 at 808 Travis. It has been ... Read More »

HOUSTON – (Realty News Report) – The timetable for full recovery of Houston’s office market is uncertain. Energy firms, which have traditionally gobbled up Houston office space aren’t in expansion mode.. Some are saying the office sector won’t solid again until after 2030 – or perhaps even a dozen years from now. “We have roughly a 12-year supply of office ... Read More »

HOUSTON – (Realty News Report) – Occidental Petroleum has leased 91,986 square feet at Three Greenway Plaza, solidifying its headquarters in the Greenway Plaza development after considerable speculation over the last two years. The Three Greenway transaction increases the size of OXY’s US headquarters at Greenway Plaza to more than 972,000 square feet of office space. Greenway Plaza is a 52-acre campus strategically ... Read More »

HOUSTON – (Realty News Report) – Houston apartment developers will be swinging hammers and stacking bricks at a rapid pace in 2020, even though the Houston economy is showing signs of softening. Some 17,000 new units are expected in 2020, following 15,936 units in 2019, according to ApartmentData.com. Even with the hefty supply of new units, the market appears to be ... Read More »

HOUSTON – (Realty News Report) – Partners announced that two of its professionals have been added to the company’s roster of partners: Carlos Marquez and Darren O’Conor, both of the company’s Industrial Group, according to managing partner Jon Silberman.  Marquez marks the first Partner-level professional based in the company’s San Antonio office. The Lee & Associates – Houston office has added ... Read More »

HOUSTON – (By Dale King, Realty News Report) – The market for solar installations in Texas is bright and hot – just like the celestial orb that fuels the daily operations at Freedom Solar, the Lone Star state’s oldest solar power provider. In fact, officials at the firm founded in 2007 announced the company has moved its Houston headquarters to ... Read More »

HOUSTON (Realty News Report) – XCL Resources, LLC , an oil and gas company, is moving its headquarters to The Heights. XCL signed a lease for 16,328 square feet of office space at M-K-T – a redevelopment of an industrial property. The M-K-T is a mixed-use development, which is under development by a joint venture of Triten Real Estate Partners, Radom ... Read More »