Thursday , 9 April 2020
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Belvoir Real Estate Group Acquires Houston Office Building

HOUSTON – (Realty News Report) – Belvoir Real Estate Group LLC has acquired 7660 Woodway Drive, a 110,529-SF office building located at the intersection of San Felipe Street and Voss Road in Houston’s Memorial Villages neighborhood. Belvoir’s acquisition team was led by Managing Director Matthew Goldsby and Senior Financial Analyst Bradley Smith. “7660 Woodway was already a great asset at ... Read More »

Texas Apartment Portfolio Acquired by San Antonio Investor

HOUSTON – (Realty News Report) – Lynd Acquisitions Group, a San Antonio-based real estate investment firm, has acquired a portfolio of three Texas apartment communities with a total of 1,059 units. Lynd paid in excess of $150 million. In Houston, Lynd acquired the Royal Oaks at Westchase at 11212 Westpark Drive. The Royal Oaks at Westchase has 282 units with ... Read More »

RNR Real Estate News Briefs: Houston, Dallas, Austin and Elsewhere

HOUSTON – (Realty News Report) – Greg Usher of Cypressbrook Company represented the landlord, Rivershire Office Plaza, in the leasing of 32,079 SF of office space at 333 N. Rivershire Drive in Conroe. Nick Terry of NAI Partners  represented the tenant, Elite Supply Partners, Inc. ………………………………………………… Subsea 7, LLC  signed a 64,819 SF lease to expand its office at Westgate ... Read More »

Entrada Partners Acquires Office Building

SAN ANTONIO – (Realty News Report) – Entrada Partners acquired Travis Park Plaza, a 151,736 SF Class A office building in downtown San Antonio. Built in 1970, the seven-story, granite-clad building and adjacent six-story parking garage takes up nearly a full city block at 711 Navarro Street. “San Antonio’s low costs of living and doing business has resulted in extremely ... Read More »

New Jersey Developer Building Another Project in Texas

AUSTIN – (Realty News Report) – The Michaels Organization, based in Camden, N.J., has broken ground on a 307-unit multifamily project at 5700 East Riverside Drive in Austin. The $59 million multifamily development marks Michaels’ first entrance into the Austin market, which is one of the fastest-growing cities in the country. Located at 5700 East Riverside Drive, the mid-rise project, called Zoey, will ... Read More »

Houston’s Strong February Home Sales Collide With Coronavirus

HOUSTON – (Realty News Report) – Houston’s home sales surged to record sales in February, but the housing market is facing strong headwinds as the spring homebuying seasons opens. The Houston economy will be impacted significantly by a decrease in oil prices on top of an economic slowdown associated with the coronavirus pandemic. Oil prices crashed over the weekend with ... Read More »

Houston Rodeo, Which Draws 2.5 Million People Annually, is Cancelled

HOUSTON – (Realty News Report) – The Houston Livestock Show and Rodeo, which draws 2.5 million people over a three-week span, has been cancelled effective 4:00 PM Wednesday. City and county officials announced the closure at a news conference, citing health concerns with the coronavirus pandemic. The annual event, which started in 1932, opened in March 3 and was scheduled ... Read More »

Patrinely Group and USAA Developing Office Tower in Downtown Salt Lake City

SALT LAKE CITY – (Realty News Report) – A development venture of Patrinely Group and USAA Real Estate is developing a 10-story, 326,000-SF office building at 650 Main Street in downtown Salt Lake City, Utah. EnerBank USA, a national consumer lender company, will occupy 88,900-SF on the top three floors of the building, starting in early 2022. Designed by HOK, ... Read More »

Montrose Combination Rising: La Colombe d’Or; Hines; NewForm Real Estate and the 97-Year-Old Fondren Mansion

HOUSTON – (Realty News Report) – The Zimmermans, represented by NewForm Real Estate, in a joint venture with Hines, disclosed additional details for its La Colombe d’Or Hotel renovation in the Montrose area. In addition to the 34-story The Residences at La Colombe d’Or developed and previously announced by Hines, La Colombe d’Or Hotel’s footprint will grow to a total of ... Read More »

Micro-Hotels: Houston Developers Planning Historic Hotel Redevelopment in Downtown Austin

AUSTIN – (Realty News Report) – Houston hotel developers Bill Franks and Trend Hospitality have contracted to buy a historic building in downtown Austin for a hotel project featuring trendy, small rooms that are part of the new “micro-hotel” segment, Franks told the city’s Historic Landmark Commission. The proposed 12-story hotel would be located at the old Bartholomew Robinson property, ... Read More »

People in Real Estate

HOUSTON – (Realty News Report) – Anthony Squillante and his six-member tenant representation team have joined Avison Young in Houston, according to Rand Stephens, Avison Young  Principal and Managing Director. Previously,  Squillante  served as Managing Director of Stream Realty in Houston, where he assembled and led a tenant representation business unit with clients who lease or own office and industrial ... Read More »

Southeast Houston Ranked No. 5 in Construction Nationally, CBRE Reports

HOUSTON – (Realty News Report) – Southeast Houston, with 4.7 million SF under construction, ranks No. 5 in a CBRE national construction ranking of industrial submarkets in 2019. North Fort Worth, with 12 million SF, led the nation as the top construction submarket, CBRE said. It was followed by South Atlanta, Northeast Atlanta and Ontario, Calif. The report said 289 ... Read More »

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