Realty News Report Covering Commercial and Residential News
SAN ANTONIO – (Realty News Report) — The Barvin Group, a Houston-based multifamily investment, development and management firm, has acquired the Rivera multifamily community in San Antonio’s Broadway Corridor, a district that is rapidly transforming into a true live-work-play destination. The seller, Cypress Real Estate Advisors, an Austin-based real estate investment firm was represented by Newmark Knight Frank Vice Chairman ... Read More »
Redo Underway at the 1001 Fannin Tower in Downtown Houston
HOUSTON – (Realty News Report) – A multi-million-dollar renovation is underway at the 49-story 1001 Fannin building in downtown Houston. The 1.3 million square-foot Class A office building is located about three blocks from Discovery Green park. The tower’s modernization project includes a new 8,000-square-foot fitness center adjacent to an all new tunnel-level tenant lounge fully equipped with a variety of ... Read More »
Jackson Named President of Stream Realty Partners
DALLAS – (Realty News Report) – Stream Realty Partners, a full-service national commercial real estate investment, development and services company, announced that Chris Jackson has been promoted to president of the firm. “I’m honored to take on the role of president of Stream Realty Partners and appreciate both the opportunity and confidence co-founders Mike McVean and Lee Belland have shown in me,” ... Read More »
Houston Realtors: 2019 was the Best Year Ever For Home Sales
HOUSTON – (Realty News Report) – Houston home sales hit a record high in 2019 with 86,205 single-family home sales, up 4.8 percent from 2018, the Houston Association of Realtors reported Wednesday. The housing market was fueled by low mortgage rates below 4 percent, with good job growth and a more plentiful supply of homes for sale. “We finished the ... Read More »
Record Construction: 112 Buildings (19.1 Million SF) of Underway in Houston Industrial Market, Avison Young Reports
HOUSTON – (Realty News Report) – At year-end, Avison Young reports 19.1 million SF of industrial space is under construction in 112 buildings in the Houston area, a record high. Growth of industrial sector is fueled by expansion in e-commerce and activity at the Port of Houston. Year-end vacancy stood at 6 percent and 2 million SF was absorbed in ... Read More »
The 2020 Outlook for Houston’s Office Market: Q&A with Chip Colvill of Colvill Office Properties
HOUSTON – (Realty News Report) – Houston is awash in office space. Over 50 million square feet of space is vacant. The overall vacancy rate in the Houston office market is over 21 percent, most researchers say, and the Energy Corridor vacancy rate is over 30 percent. Downtown has its share of vacancy, too. What are building owners doing to ... Read More »
E-Commerce Backwash – Return of Gifts Puts a Strain on Warehouses in the Supply Chain … ( In the Industry, they call it ‘Reverse Logistics’)
HOUSTON – (Realty News Report) – Today, America’s warehouses are experiencing the backwash from the e-commerce boom. January 2 will be the peak day for merchandise returns with an estimated 1.9 million packages heading back from buyers to sellers on this day alone, according to a new CBRE report. The wave of returns requires a great deal of warehouse space. ... Read More »
Camden Acquires 552 Apartment Units From Fein
HOUSTON – (Realty News Report) – Camden Property Trust has acquired a 552-unit Inner Loop multifamily development from the Martin Fein organization. Fein developed the community, completed in 2015, on a site west of Weslayan Street, between Richmond Avenue and West Alabama near Las Palmas street. The community formerly operated as three properties known as Aria at Willowick Park, Olympia ... Read More »
OXY Sells Office Buildings in The Woodlands and Energy Corridor for $565 Million
THE WOODLANDS – (Realty News Report) – The Howard Hughes Corp. has acquired the two former Anadarko office towers in The Woodlands, along with a 63-acre corporate campus in the Energy Corridor, in a $565 million transaction with Occidental Petroleum. The huge real estate deal follows Occidental’s $55 billion purchase of Anadarko Petroleum Corp. last August. Subsequently, Occidental announced it ... Read More »
Medistar Developing Psychiatric Hospital in Clear Lake City
HOUSTON – (Realty News Report) – Medistar Corp., a Houston-based real estate firm, is developing a 92-bed psychiatric hospital in Clear Lake City in southeast Houston, near NASA’s Johnson Space Center. The project, called Medical Behavioral Hospital of Clear Lake, which will be operated by NeuroPsychiatric Hospitals. Located at 16850 Buccaneer Lane, the hospital is now under construction and scheduled to open ... Read More »
John Daugherty Realtors Acquired After 52 Years — Local Firm Now Aligned with “The Rolls Royce of the Industry”
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – John Daugherty Realtors, a mansion-selling realty brokerage firm that has been a long-time force in River Oaks, Memorial and other bastions of Houston’s carriage trade, has been acquired by New York-based Douglas Elliman. For more than 50 years, the oldest of the old-money clients have called John Daugherty, Jr. ... Read More »
Stream Realty Partners Signs Coworking Firm for Lakes on Post Oak Tower
HOUSTON – (Realty News Report) – Common Desk, a Dallas-based coworking firm, has leased 29,093 SF of office space in 3040 Post Oak Boulevard, a Class A office building located just south of the Waterwall Park and the Galleria. Stream Realty Partners a national real estate services, development, and investment company, represented the landlord, MetLife Investment Management. The addition of ... Read More »
