Wednesday , 22 January 2020
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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 »

Remodeling Surging in Houston – And Around the Nation

HOUSTON – (By Dale King, Realty News Report) – The home remodeling market in the U.S. has skyrocketed by more than 50% since the Great Recession of 2007-2009 ended, says a report by Harvard University’s Joint Center for Housing Studies. Houston and its environs have generally mirrored that ballooning pace, said the owners of two local rehab firms. One service ... Read More »

Cousins Properties and TIER REIT to Merge to Form Large Office Firm

DALLAS and ATLANTA – (Realty News Report) – Dallas-based Tier REIT is merging with Cousins Property of Atlanta to create a $7.8 billion real estate company with extensive holdings in southeastern and southwestern states. After the combination, the firm will own 21 million SF of office space. In Houston, Tier REIT owns the 835,000-SF BriarLake Plaza a two-building office project ... Read More »

Jobs Report: Houston Economy Added 72,600 Jobs Over Last Year

HOUSTON – (Realty News Report) – Some 72,600 jobs were created in the Houston area in the 12 months ending in February 2019, according to the Texas Workforce Commission. Houston’s unemployment rate was 4.2 percent in February, an improvement over the 4.7 percent in February of 2018. In the energy sector, oilfield services added 3,600 jobs, while exploration and production ... Read More »

Australian Developer Plans 2.5 Million SF Mixed-Use Project in Midtown

HOUSTON – (Realty News Report) –Australian developer Caydon Property Group has announced plans to develop Laneways, a 2.5 million SF in Midtown, near the intersection of Drew and Dennis streets. The 3.5-acre development will include retail, restaurants, high-rise multifamily and condos, and more. It is modeled after the Laneways development in Melbourne. Caydon is currently building a 357-unit high-rise apartment ... Read More »

Real Estate Briefs from Ralph Bivins’ Realty News Report

Transwestern Commercial Services announced that CAM Integrated Solutions, LLC, has signed a new lease for 59,220 SF at 17000 Katy Freeway for its headquarters. Justin Leighton, Branon Pesnell and Lonna Dorman provided represented the tenant while Eric Anderson and Parker Burkett, all of TCS, provided office leasing services for the landlord, Insite Realty Partners, LP. …………………. NAI Partners recently arranged a 3,200 SF lease ... Read More »

InterContinental Hotel Opens Near Medical Center

HOUSTON – (Realty News Report) – The 21-story InterContinental Houston Medical Center has opened on Main Street, marking the return of the upscale InterContinental brand to Space City. Developed by Medistar Corp., a Houston firm led by Monzer Hourani,  the 354-room luxury hotel is located next to the 1,345-acre Texas Medical Center, the world’s largest medical complex. “We are very ... Read More »

Seven Predictions for the Remainder of 2019

HOUSTON – (By Ralph Bivins, Realty News Report) – The first quarter draws to a close. 2019 pours out of the hour glass even though it seems like New Year’s Day was only yesterday. Nevertheless, the first quarter will be gone in about two weeks. So it’s time for a few predictions for the remainder of the year. PREDICTION ONE: 2019 ... Read More »

Oilfield Products Firm Leases 109,000 SF for Headquarters in Northwest Houston

HOUSTON – (Realty News Report) – Forum Energy Technologies has renewed its lease for 108,639 SF at 10344 Sam Houston Park Drive in Houston for its global headquarters. Transwestern’s  Doug Little and Louann Pereira provide leasing services for the landlord, Buchanan Street Partners. Sam Houston Crossing II is a 159,056-SF, Class A office building has frontage on Sam Houston Tollway ... Read More »

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