Monday , 20 January 2020
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Houston Multifamily Firm Purchases Austin Project

AUSTIN – (Realty News Report) – Domain Communities, a multifamily owner based in Houston, has purchased its first property in Austin. Iron Rock Ranch is a 300-unit apartment community consisting of 84 townhomes and 216 garden-style apartments. Built in 2002, the property sits on over 22 acres of land and includes 60 garages, two swimming pools, a clubhouse and numerous amenities. ... Read More »

People in Real Estate: Promotions, Hiring and Appointments

HOUSTON – (Realty News Report) – Houston office market veteran John Spafford  has joined CBRE. For 28 years, Spafford had been with PMRG and Madison Marquette. The Houston office of Lee & Associates has hired Grant Walker  as senior director to lead a national retail division for the firm.  Before Lee & Associates, Grant worked for Transwestern, Page Partners and ... Read More »

Timely Book Prepares Readers for New Year: ‘Houston 2020: America’s Boom Town’ by Ralph Bivins

HOUSTON – (Realty News Report) – The timely book by Houston journalist Ralph Bivins,  Houston 2020: America’s Boom Town – An Extreme Close Up,   examines the entrepreneurial mecca that became one of nation’s fastest-growing cities. With deft forensics and informed observations, Bivins explains the forces that shaped Houston and brought the city to a tipping point. Digesting its robust growth poses a ... Read More »

IDV Breaks Ground on 3.5 Million-SF Industrial Park on Beltway 8

HOUSTON – (Realty News Report) – Investment & Development Ventures LLC has acquired 214 acres on Beltway 8 in southeast Houston where it will develop a 3.5 million SF  industrial park. The project, called the South Belt Central Business Park, is part of a flurry on industrial  projects being developed on the southern stretch of Beltway 8. Phase I of ... Read More »

Fundamental Change: 3 Houston Realty Leaders Discuss iBuyers, the Upscale Market and Next Year’s Outlook

HOUSTON – (Realty News Report) – Where is Houston’s housing market headed in 2020? Job growth is projected to be weaker. While mortgage rates are expected to stay below 4 percent, the National Association of Realtors continues to call for increased homebuilding to meet housing demand and tight inventory. The Houston market continues to be redefined as the lingering impact ... Read More »

Fein to Develop Its Third Apartment Community in Springwoods Village

HOUSTON – (Realty News Report) – The Houston-based Fein multifamily development, construction and property management firm has purchased 17.44 acres from CDC Houston to develop The Canopy at Springwoods Village on the north side of Houston. The 322-unit garden-style multifamily property will be located on Spring Stuebner Road, near Interstate 45. This will be Fein’s third multifamily property in Springwoods ... Read More »

Houston’s Midway Cos. to Redevelop Historic West Texas Building into a Hotel

MIDLAND, Texas – (Realty News Report) – Houston-based Midway Cos. has ventured out to the Permian Basin for its next hospitality project. The 200-room hotel will be in downtown Midland – about 500 miles from Houston in West Texas. The Midland City Council approved the plan, which provides some $15 million in incentives for Midway. The Midland hotel will be ... Read More »

32-Story Apartment Tower Underway in Houston’s Museum District by Nitya/Tema Partnership

HOUSTON – (Realty News Report) – A 32-story apartment tower is being developed by a partnership of Nitya Capital, and Tema Development on a site on the northern edge of Hermann Park in Houston’s Museum District. The 295-unit tower will be located at 1661 Hermann Drive at Jackson Street. The groundbreaking is scheduled for the first quarter 2020, said Haytham ... Read More »

No Skeleton Relics, Please… Restore the Historic Astrodome to Its Proper Place as the Eighth Wonder of the World

HOUSTON – (By Ralph Bivins of Realty News Report) – Los Angeles architect James Richards is back, trying to promote his plan to strip the skin off the historic Astrodome. Leave the steel supports of the Dome in place and put in a little park around it. It could be like the Eiffel Tower or something, he says. Surely, Houstonians ... Read More »

Skanska Selling 90 Percent Stake in New Skyscraper for $373 Million

HOUSTON – (Realty News Report) – An affiliate of Beacon Capital Partners is acquiring a 90 percent stake in the 35-story Bank of America Tower for $373 million, according to a news release from Skanska, the developer of the new downtown Houston building. The 780,000-SF building, which was completed in the summer of 2019, is located at 800 Capitol Street ... Read More »

Commercial Construction Outlook for 2020: Q&A with Michael G. Scheurich, CEO, Arch-Con Corp.

HOUSTON – (Realty News Report) – 2019 has been a great year for Houston-based Arch-Con Corporation, which focuses on office, industrial, retail, multifamily, hospitality, community/non-profit,  healthcare and corporate interiors. Arch Con’s revenue this year is expected to be $512 million, up from $375 million last year. The company has 61 projects under construction in Houston, Dallas and Los Angeles. In ... Read More »

Hines Breaks Ground on 1.2 Million SF of Industrial on the South Side

HOUSTON – (Realty News Report) – Hines has broken ground on a six-building, 1.2 million-SF industrial project just north of Beltway 8 the south side of Houston. The six buildings, located along West Fuqua Street, are Phase 2 of Hines’ 120-acre Boulevard Oaks Business Park. Jim Foreman and Allison Bergmann of Cushman & Wakefield handle the  leasing. The business park ... Read More »

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