Monday , 1 June 2020
Breaking News

Hines Developing $2.3 Billion Office Project In New York in Partnership With SL Green and Korean Pension Fund

NEW  YORK – (Realty News Report) – Houston-based Hines, in partnership with the National Pension Service of Korea, acquired a 49.5 percent interest in the One Madison Avenue building for a major redevelopment that will add 17 new floors of office space. Upon completion, the $2.3 billion project, will span 1.4 million rentable SF. The stake in the tower was ... Read More »

Oil Prices Surge Upward on Tuesday Morning, Healing Pain of April When Prices Fell Below $0 a Barrel

HOUSTON – (Realty News Report) – Oil prices climbed Tuesday morning, reversing some of the ugliness that occurred last month when oversupply and aggressive production increases by Saudi Arabia and Russia pushed domestic oil prices to record lows. West Texas Intermediate crude soared about $24 a barrel Tuesday morning, a sharp increase above the lows of April when WTI dipped ... Read More »

Houston Homes Prices to Fall 2.6 Percent: CoreLogic Forecast

HOUSTON – (By Dale King, Realty News Report) – Houstonians who’ve had to don facemasks, been forced to isolate themselves at home, lost jobs and seen the price of Texas crude oil crash through the floor are about to endure another swipe of COVID-19-instigated fallout: A drop in home prices. CoreLogic, the global property information firm, has released its latest ... Read More »

Northern Tool + Equipment Starts New Facility Near IAH Airport

HOUSTON – (Realty News Report) – Archway Properties will break ground in mid-May on a build-to-suit retail building for Northern Tool + Equipment in Park Air 59, a 111-acre mixed-use development at the eastern edge of  Bush Intercontinental Airport in northeast Houston. Northern Tool’s 22,016-SF store will be built on a 1.7-acre, freeway-fronting pad site.  Northern Tool is the fourth ... Read More »

Houston Hotel Market, Like The Rest of the Nation, Reports Awful Occupancy Rates

HOUSTON – (Realty News Report) – The hotel industry has been hit hard by Covid-19. For the week ending April 18, the Houston hotel occupancy rate was 23.9 percent, compared to 63.8 percent a year earlier, according to the STR hotel research term. STR said Houston’s average daily room rate was down 42.6 percent to $59.31.  RevPAR (revenue per available ... Read More »

Sellers Retreat: New Listings Down 28 Percent in Houston as Homeowners Delay Putting Homes on the Market

HOUSTON – (Realty News Report) –  Sellers stayed away from the Houston real estate market in droves in April, part of a national trend reflective of the nation’s retreat from the highly contagious Covid-19 coronavirus. In terms of new listings, only 9,724 Houston-area houses were placed on the market in April, down 27.6 percent from the 13,434 put up for ... Read More »

Sold – Class A Apartment Project North of Houston

HOUSTON – (Realty News Report) – Lakebridge Loop LLC has acquired The Loop Apartments, a 188-unit, Class A apartment community in Conroe, north of Houston. The seller, Apartment Advisors, Inc. was represented by a JLL Capital Markets led by led by Greg Austin, Chip Nash, Bob Heard, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney. In addition, JLL worked on ... Read More »

Black Creek Group Acquires New Clay Development Project Near Port of Houston

HOUSTON – (Realty News Report) – Black Creek Group, a Denver-based real estate investment management firm, acquired a 140,275-SF Class A industrial building in LaPorte, near the Port of Houston. The seller of the new project was Clay Development & Construction, major Houston-based development firm led by Robert Clay. “Despite the recent pandemic and oil news, we believe Houston is ... Read More »

Hines, Cushman & Wakefield Working With Mayo Clinic to Research Prevention of Virus Spread in the Workplace

HOUSTON – (By Dale King, Realty News Report) – The Well Living Lab, a collaboration of the Mayo Clinic and the Delos real estate wellness and technology firm, is joining forces with Hines and Cushman & Wakefield to study the design and operation of workspaces to help prevent the spread of respiratory ills such as coronavirus. The announcement arrives just ... Read More »

Engineering Firm Leases Space in Westchase

HOUSTON – (Realty News Report) – EHRA Engineering leased an entire office building in the Westchase area, according to NAI Partners. The two-story building, 10011 Meadowglen Lane,  is located between Westheimer Road and Richmond Avenue. EHRA Engineering will be its sole occupant of the building. NAI Partners’ Jason G. Whittington represented EHRA Engineering in the transaction. Brad Sinclair with Madison ... Read More »

Sold: Bellaire Blvd. Shopping Center

HOUSTON – (Realty News Report) – JVC Capital has acquired a shopping center at northwest corner of Bellaire Boulevard and Chimney Rock. NewQuest Properties Investment Sales Group has closed the sale of the 99%-leased Chimney Rock Bellaire Shopping Center in southwest Houston for significantly more than its asking price. The two-building shopping center, totaling 23,217 SF, is situated at 6720 ... Read More »

RNR Real Estate Briefs

PASADENA, Texas – Vigavi Realty Inc. is the developer and owner of the newly completed, 29,954 SF industrial facility on 2.75 acres at 4111 Greenshadow Drive in Pasadena, Texas. The building’s tenant, Johnson Controls, was represented in lease negotiations by Carlton Anderson of CBRE. Reed Vestal and Taylor Schmidt of Lee & Associates represented the owner. ………………………………………………… Black Creek Group, a Denver-based real ... Read More »

Scroll To Top