Saturday , 25 January 2020
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Tampa Multifamily Investor Buys 2,284 Texas Apartment Units

HOUSTON – (Realty News Report) – American Landmark, a Tampa. Fla.-based multifamily owner-operator, has acquired a six-property multifamily portfolio located in Texas’ major metro areas. The portfolio includes multifamily assets in Houston, San Antonio, Austin and Irving,  totaling 2,284 apartment units. The acquisitions bring American Landmark’s Texas portfolio up to 33 properties. The company currently owns and manages approximately 25,000 ... Read More »

Realty News Report’s — People in Real Estate

HOUSTON – NAI Partners has hired Travis L. Rodgers as Executive Vice President. In this newly created position, Rodgers will be working closely with Managing Partner Jon Silberman and will have responsibility for overall executive management of both the operations and revenue management, and growth of the firm. Previously, he was with Whitestone REIT. HOUSTON – Eric Lestin, a retail leasing expert, has been ... Read More »

The Food Hall Explosion: Chefs are the Hottest New Amenity for Skyscraper Owners

HOUSTON – (By Ralph Bivins, Realty News Report) -Ancient Houstonians may remember when Sharpstown Mall on the Southwest Freeway opened a new-fangled food court. Food courts, with their lineup of fast-food chains and the hideous odor of deep-fat fryers brimming with broiling grease, still exist. But you don’t hear the words “food court” much anymore. Everybody is talking about the ... Read More »

Marcel Group Breaks Ground on Fort Bend MXU Project

SUGAR LAND, Texas – (Realty News Report) – A 63,000-SF mixed-use project, called Riverstone Town Center, is under development in Fort Bend County by The Marcel Group, a Woodlands-based firm led by Vernon Veldekens. The project, located near the corner of University Blvd. and LJ Parkway, will have 41,875 SF of retail and restaurant space and 27,000-SF of office, according to ... Read More »

Update: The Star’s Retail Space in Historic Texaco Building

HOUSTON – (Realty News Report) – CBRE has been retained as the exclusive retail leasing agent for The Star, a residential high-rise redevelopment at 1111 Rusk in downtown. The historic 1915 Texaco Building has been redeveloped as 286 apartments and 26,170 SF of retail. CBRE’s Rachel Farris, Lacee Jacobs, and Laura Harness will lease The Star retail on behalf of ... Read More »

Trendmaker Homes Opens 225-Acre Community in Katy

KATY, Texas – (Realty News Report) – Trendmaker Homes Houston, a member of the TRI Pointe Group has announced the grand opening of LakeHouse, a new gated community just west of Houston in Katy. As the developer and home builder, Trendmaker will deliver approximately 350 home sites and several community amenities to the 225-acre property. The community is located west of the ... Read More »

The State of the Texas Hotel Market

 HOUSTON – (By Dale King, Realty News Report) – Many Houstonians who fled their Hurricane Harvey-flooded and otherwise damaged homes found shelter in a host of different places, among them – obviously – hotels. And many stayed there a good, long time. As a result, the overall Houston hotel market finished 2018 with a revenue per available room (RevPAR) loss ... Read More »

Sold: A New 378,000-SF Office Project in North Houston

HOUSTON – (Realty News Report) – Northridge Capital LLC has acquired the new HP Plaza, a 378,000-SF office development in CityPlace in SpringwoodsVillage north of Houston. Completed in November of 2018, HP Plaza was developed by Houston-based Patrinely Group for HP Inc., which occupies 100 percent of the space in a long-term lease. “HP Inc. was the largest office lease ... Read More »

Avera Breaks Ground on Distribution Facility in Northwest Houston

HOUSTON – (Realty News Report) – Avera has broken ground at Park 8, a distribution facility in northwest Houston, a few miles west of Bush airport. The 242,760 SF distribution facility situated on 17.2 acres at the southwest corner of Beltway 8 and IH-45 North in northwest Houston. Park 8 adjacent to Pinto Business Park. “Avera is excited to expand ... Read More »

Strongest March Ever For Houston Home Sales – On Pace for Record Year

HOUSTON – (Realty News Report) – Houston Realtors registered the strongest March ever as home sales rose nearly 5 percent in March compared to a year earlier, the Houston Association of Realtors reported. HAR reported a record 7,072 single-family sales in March, compared to 6,740 in March of 2018. Through the first quarter, year-to-date home sales were 0.3 percent of ... Read More »

Law Firm Leases Two Floors in Hines Tower Downtown

HOUSTON – (Realty News Report) – The White & Case law firm signed an 11-year lease for 57,315 SF at 609 Main at Texas, a 48-story, 1,073,075-SF office tower in downtown Houston. With the signing of this lease, 609 Main at Texas stands at 84 percent leased. The tower, which held  its grand opening in May 2017, was developed by ... Read More »

Office Tower Planned on Katy Freeway

HOUSTON – (Realty News Report) – A 13-story office tower is being planned by the Crown Castle company on the Katy Freeway, according to a document filed with the Texas Department of Licensing and Regulation. The 420,000-SF tower is being designed by the Kirsksey architecture firm. The building, which has an estimated construction cost of $55 million, will break ground ... Read More »

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