Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Ironbridge Realty Partners has started a redevelopment of an existing former grocery store site at the intersection of Highway 59 and FM 1485 in New Caney. The project will be anchored by Planet Fitness and La Michoacána who are expected to open in mid‐2020. The site housed the former Brookshire Brothers grocery  for the last 35 years. ... Read More »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »