Monday , 20 January 2020
Breaking News

Here We Go Again: Downtown Project Getting Phase 2 Redo

HOUSTON – (Realty News Report) – With the start of April, construction fencing is going back up at Allen Center as the second phase of redevelopment by owner Brookfield Properties kicks off, this time affecting Two and Three Allen Center. The project, part of the multi-phased “Reimaging Allen Center,” has a late 2020 completion date. Travis Overall, executive vice president ... Read More »

Affordability Answer: New Single-Family Homes Priced at $150,000 Introduced in Houston

HOUSTON – (By Ralph Bivins, Realty News Report) – In a nation where affordable starter-homes are difficult to find, a national home builder is introducing a project with houses priced around $150,000 and up. Lennar has acquired 15 acres in northeast Houston where it has opened the city’s first nuHome community of new single-family homes. Located on Wayside Drive just ... Read More »

MetroNational Expands 18-Acre Mixed-Use Project on North Side of Katy Freeway

HOUSTON –  (Realty News Report) – MetroNational has announced plans for extensive mixed-use future development, including office space, retail and a hotel on an 18-acre tract on the north side of the Katy Freeway. The jump to the north side of the freeway represents a major expansion of MetroNational’s  265-acre Memorial City development. New tenants on the 18-acre tract, located ... Read More »

Insurance Firm Leases Office Space in West Houston

HOUSTON – (Realty News Report) – McGriff, Seibels & Williams Inc., an insurance brokerage firm, will be relocating from 818 Town & Country Blvd. to Memorial City to occupy two floors, totaling 69,448 SF at 10100 Katy Freeway. The insurance firm will make the move in the fall of 2019. The six-story office building, completed in 2016,  is on the ... Read More »

Zhalunglu-MT Buys Medical Building

HOUSTON – (Realty News Report) – Zhalunglu-MT, LLC has acquired the South Shore SurgiCenter, a 7,365-SF medical property located at 2622 Marina Bay Drive, in League City on the southeast side of Houston. Beth Young of Colliers International represented the seller, Marina Bay Drive Realty in the transaction. The buyer was represented by Ada Wang of Keller Williams Commercial. Constructed ... Read More »

The First Fruits: 46-Story Tower Breaks Ground in Opportunity Zone in Downtown Houston

HOUSTON – (Realty News Report) –  Houston’s first major fruit of the Opportunity Zone tax incentives is officially underway in downtown – a 46-story residential tower by the Hines organization. The new federal Opportunity Zones are the nation’s hottest real estate investment bonanza since the California Gold Rush began in 1848. It gives investors relief from federal capital gains tax. Hines’s ... Read More »

GreenStreet Flexes Muscle with Life Time

HOUSTON – (Realty News Report) – Flexing its muscle as a premier downtown Houston mixed-used development, GreenStreet will add a luxury athletic club and co-working space to its tenant base next year. Owned by Midway and Lionstone Investments, GreenStreet will be the second location for Life Time and its “urban athletic resort” concept that originated at Midway’s CityCentre in west ... Read More »

Historic Medical Towers Building in Texas Medical Center to be Redeveloped as Hotel

HOUSTON – (Realty News Report) – The historic Medical Towers building in the Texas Medical Center is being transformed into the 273-room Westin Houston Medical Center hotel. Pearl Hospitality of Houston is redeveloping the 18-story building, which opened in 1954 at 1709 Dryden Road, between Main and Fannin streets. The mid-century modernist building, located across the street from Houston Methodist ... Read More »

Fidelis Realty Buys North Texas Property

DENTON, Texas –  (Realty News Report) – Fidelis Realty Partners of Bellaire has acquired the Rayzor Ranch Town Center along with 60 acres of land for development in Denton in North Texas. Fidelis is planning to build as much as 300,000 SF of retail space on the land, located along Interstate 35. Construction is expected to begin later this year, ... Read More »

Waypoint Business Park Underway in Hot Southwest Market

HOUSTON – (Realty News Report) – A joint venture of Houston-based 4M Investments and Clarion Partners is developing Waypoint Business Park in the hyper-active Southwest submarket which has become a major distribution hub. Waypoint, near the corner of Beltway 8 and Highway 90 in the southwest industrial market, which has been exceptionally active in recent years with significant developers constructing ... Read More »

Law Firm Moves to 2 Houston Center

HOUSTON – (Realty News Report) – The Vorys, Sater, Seymour and Pease law firm leased 22,627 SF of office space at 2 Houston Center at 901 Fannin in downtown. Vorys, which has 28 employees in Houston, will relocate to  2 Houston Center in June 2019.  Vorys was represented in lease negotiations by Tim Relyea and David Guion of Cushman and ... Read More »

Worth & Associates: Two Buildings Underway in North San Antonio

SAN ANTONIO – (Realty News Report) – A groundbreaking event will be held Wednesday for two  buildings in the 122-acre RidgeWood Park, developed by Worth & Associates in the far North Central San Antonio submarket. The projects, scheduled for completion in the summer of 2020, are located along Highway 281 between Sonterra Blvd and Redland Road, north of the Loop ... Read More »

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