Thursday , 9 April 2020
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A Hot June for Houston Home Sales

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Houston Association of Realtors reported 8,097 single-family homes were sold in June, as the Houston housing market continued to outpace the record sales of last year. On a year-to-date basis, however, single-family home sales are running 1.4 percent ahead of 2018’s record pace. “June was a busy month ... Read More »

Austin Investor Buys Hogg Palace Lofts in Downtown Houston

HOUSTON – (Realty News Report) – Kline Properties, an Austin real estate group, has acquired the historic Hogg Palace Lofts, an eight-story mixed-use building located at 401 Louisiana Street in downtown Houston. JLL’s Chip Nash and Bob Heard and Houston Income Properties’ Jim Hurd and Bishale Patel represented the seller, Randall Davis Company. Constructed in 1921, Hogg Palace now stands ... Read More »

NAI Partners Moving HQ Office to Four Oaks Place

HOUSTON – (Realty News Report) – NAI Partners is relocating its headquarters to Four Oaks Place, where the Houston-based commercial real estate firm has leased 20,000 SF (a full floor) at 1360 Post Oak Boulevard in Uptown Houston. The move represents a 6,000 SF expansion from its office at 1900 West Loop South. NAI Partners’ Dan Boyles, head of the ... Read More »

Micro-Unit Multifamily, Mixed-Use Projects and More: Q&A with Sandy Aron of Hunington Properties

HOUSTON – (Realty News Report) – Thanks to positive job formations and strong single-family home sales, Houston’s retail real estate market continues on an upward trend. Sales of single-family homes increased 2.8 percent in May, according to the Houston Association of Realtors, with 8,346 homes sold. On a year-to-date basis, home sales are running 2.7 percent ahead of 2018’s record pace. ... Read More »

WeWork Leases 56,000 SF in Hines Tower for a Coworking Facility in Downtown Houston

HOUSTON – (Realty News Report) – WeWork has leased space in Hines’ 609 Main at Texas building for its second coworking location in downtown Houston. WeWork leased 56,000 SF at 609 Main at Texas — a 48-story, 1.1 million-SF office tower completed by Hines in 2017. WeWork will occupy the building’s 25th and 26th floors. Hines was represented by Michael ... Read More »

Denver Firm Buys Office Building for $27.4 Million

SUGAR LAND – (Realty News Report) – Northstar Commercial Partners, a Denver-based investment firm, acquired the  77 Sugar Creek Center Boulevard, a 143,000 SF  office building located in Sugar Land, for $27.4 million. Sugar Creek building, formerly called Two Sugar Creek, houses a diverse tenancy of mid-sized offices, with over 35 tenants and is 94 percent leased. Velocis was the ... Read More »

Texas Real Estate Briefs – From Realty News Report

Houston real estate briefs Allied Industrial Sales leased 42,842 SF at 3003 Highway 225 in Pasadena.  The tenant was represented by John Luck and Griffin Rich of Newmark Knight Frank in the transaction with the landlord, LIT Industrial Limited Partnership. …………………………………………….  Fluid Flow Products has signed a lease for 26,520 SF of office warehouse space in Sterling Industrial Park at 186 White ... Read More »

Hines Launches Coworking Initiative

HOUSTON – (Realty News Report) – Hines is launching a coworking initiative, called Hines²  (Hines Squared) to meet the demand for flexible office space. The coworking service will be introduced at the 33-story 717 Texas building in downtown Houston and the 167,000-SF Kearns Building in Salt Lake City. Hines said the program will be rolled out in Atlanta, Boston, Denver, ... Read More »

Danton’s Restaurant to Relocate and Reopen as Eugene’s Gulf Coast Cuisine

HOUSTON – (Realty News Report) – Restaurateur Kyle Teas is creating a new concept, Eugene’s Gulf Coast Cuisine, which will be located in the storied Mockingbird Bistro spot at 1985 Welch Street, in Houston’s Inner Loop. The new restaurant is an evolution from Teas’ former Danton’s Gulf Coast Kitchen, which was located in the 4600 block of Montrose Boulevard in ... Read More »

Let Freedom Shine: Freedom Solar Opens New HQ as Solar Panel Industry Expands

AUSTIN – (Realty News Report) – Freedom Solar, one of the largest solar panel installers in Texas, has moved into its new headquarters building in Austin. Located at 4801 Freidrich Lane, the new Austin headquarters features 20,000 SF of space, including a warehouse that will hold thousands of solar panels. “The opening of our new Austin headquarters is a continuation of ... Read More »

GenCap Developing Multifamily Project in Northeast Houston

HOUSTON – (Realty News Report) – GenCap Partners, a Dallas-based multifamily real estate company, acquired 17 acres on West Lake Houston Parkway in Humble and plans to develop a 350-unit apartment complex on the land. The new development, called The Sarah at Lake Houston, is located at 17810 West Lake Houston Parkway on the northeast side of Houston. The site ... Read More »

Three Pillars Capital Buys Class B Multifamily Near Greenspoint Mall

HOUSTON – (Realty News Report) – Three Pillars Capital Group, a Houston-based multifamily real estate investment firm acquired the Pine Lake Village Apartments in Houston’s Greenspoint area.  “This deal was made possible by our existing relations in a true off-market transaction,” said Josh Welch, founder and managing principal of Three Pillars Capital Group. “We are proud to add this property ... Read More »

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