Monday , 1 June 2020
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CBRE Names Russell Ingrum to Lead Office Capital Markets in Texas

HOUSTON – (Realty News Report) – Russell Ingrum, who has handled the sale of a number of Houston skyscrapers, has been named by CBRE to lead office institutional investment sales for CBRE Capital Markets in Texas. Ingrum, who has sold over $4 billion in Houston office properties, will be relocating to Texas from where he was a senior leader in the firm’s Northern California ... Read More »

Houston Multifamily Firm Buys Community in Central Texas

SAN ANTONIO – (Realty News Report) – Sun Holdings Group, a Houston-based real estate investment and management firm with managed by managing partner Ido Blatt, acquired the Tradehouse at Bulverde Marketplace, a 330-unit, apartment building in San Antonio. The property is in the Bulverde Marketplace, a 104-acre mixed use development anchored by HEB. The three-story, garden style apartment is near ... Read More »

Major Energy Corridor Firm Files for Chapter 11

HOUSTON – (Realty News Report) – Houston-based Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, the company announced Monday. The company’s headquarters are located in a multi-tenant 8-story, 182,000-SF office building in the Energy Corridor at 15415 Katy Freeway, west of Highway 6. Diamond Offshore has over 2,000 employees, however some layoffs have been occurring in recent weeks. ... Read More »

Can the Residential Market Rebound in the Third Quarter?

WASHINGTON, D.C. – (By Dale King, Realty News Report) – Home sweet home is no longer the mahogany-furnished, sampler-hanging-on-the-wall, brownies-in-the-kitchen domicile where folks like Ozzie and Harriet once resided. Then, the 21stcentury arrived two decades ago, replete with high-tech accoutrements and hand-held electronics that changed the manner of at-home behavior and the nature of interpersonal relations. Another major lifestyle change ... Read More »

Resort Waterfront Community Planned for Tiki Island Near Galveston

GALVESTON – (Realty News Report) – Austin-based developers Legend Communities and Tiki Time, LLC have announced plans to develop Tiki Island Residences and Boathouse Resort near Galveston. The 6-acre project on Tiki Island be an upscale residential community with 80 residences, a yacht club and boathouse resort. “This is a highly desirable location because The Village of Tiki Island does ... Read More »

Oilfield Carnage: Bankruptcies Coming Quickly; Houston Office Market to Hurt, Says JLL’s Global Energy Head: “We’re Going to Lose a Very Significant Portion” of Independent Oil Companies

HOUSTON – (Realty News Report) – Independent energy companies are destined to fail quickly and the Houston real estate market will be bruised during the oil market crash, which dropped oil prices to an unprecedented low this week, a Houston real estate advisor says. In the next three months, the carnage will be great among the nation’s small independent producers ... Read More »

Spring Apartments Acquired

HOUSTON – (Realty News Report) –  Sentinel Peak Capital Partners has acquired the Lakebridge Apartments, a 272-unit, value-add, garden-style apartment community in the Spring submarket in North Houston, according to JLL Capital Markets. JLL marketed the propertyand JLL worked on the new owner’s behalf to arrange floating-rate acquisition financing, which was provided by Voya Investment Management. Lakebridge Apartments is located ... Read More »

Oil Falls Below $1 a Barrel – Over a 90 Percent One-Day Drop to Record Low

HOUSTON – (Realty News Report) – West Texas Intermediate crude dropped below $1 a barrel Monday morning, the lowest price on record. Monday’s unprecedented price decline places increased pressure on energy firms in Houston, which is known as The Energy Capital of the World. A vast oversupply of oil comes as travel has ground to a near-halt as the Coronavirus ... Read More »

Tomball EDC Buys Industrial Property

HOUSTON – (Realty News Report) – Colliers International handled the acquisition of 6.2 acres of land including industrial warehouses totaling 41,076 square feet at 202 and 204 South Live Oak in Houston. The seller, South Live Oak Associates, L.P., was represented by Natalie Hurley of Register Real Estate Advisors Commercial. Tom Condon, Jr., senior vice president of Colliers International in ... Read More »

RNR Real Estate Briefs — HOU, AUS, DAL, SAT

Texas Eye Institute has renewed its 16,000 SF office lease at 7710 Beechnut St., Houston. John Zivley of NAI Partners  represented the tenant in the transaction. Ace Schlameus and Jenny Seckinger of Colliers worked on behalf of the landlord. ……………………………………………….. Colliers International  has announced two new leases at West by Northwest Business Park in Houston, bringing occupancy of the center to 100%. ... Read More »

Camden Property Trust Evaluating New Multifamily Construction Starts

HOUSTON — (Realty News Report) – Camden Property Trust has not started construction on any of its proposed new projects in 2020 and it will move cautiously as the COVID-19 pandemic unfolds, the Houston-based multifamily REIT said. On the drawing boards, Camden has two proposed projects in Houston – the 271-unit Camden Downtown II high-rise and the 300-unit Camden Highland ... Read More »

ULI Property Panel: The Fallout from COVID-19

WASHINGTON, D.C.– (By Dale King, Realty News Report) — The economic crisis wrought by the COVID-19 pandemic poses threats to commercial real estate and the tenants, including mom-and-pop businesses that are trying to stay afloat and struggling to pay rent. Locating the “light at the end of the tunnel” can be challenging, according to property and finance experts at a ... Read More »

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