Thursday , 9 April 2020
Breaking News

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 »

JLL to Acquire HFF for $2 Billion

CHICAGO – (Realty News Report) – Jones Lang LaSalle Inc. and HFF Inc. today announced that they have entered into an agreement under which JLL will acquire all the outstanding shares of HFF for $2 billion. Both firms have a significant presence in Houston and are a major forces in capital markets and the brokerage of office, land, retail and ... Read More »

Breaking News: Voodoo Doughnut Invades Houston Market; Promises to Bring “Crazy Concoctions”

HOUSTON – (Realty News Report) – World famous Voodoo Doughnut, known for its innovative doughnuts and unique culture,  is expanding into Houston. The store on Washington Avenue will be serving doughnuts 24/7 and will be Voodoo’s first ever drive-thru location. The doughnut outlet will open this summer. its Texas footprint and is excited to announce that it will be opening ... Read More »

Miami Group Buys Three Houston Apartment Complexes with “Green” Financing

HOUSTON – (Realty News Report) – Eagle Property Capital of Miami purchased three multifamily projects in Houston. The three properties are the 312-unit Landmark at Barker Cypress; the 192-unit Champions Centre Apartments and the 246-unit Champions Park Apartments. Berkadia’s Mitch Sinberg, Brad Williamson and Matthew Robbins arranged financing through Freddie Mac’s Green Advantage program, which provides better pricing for reduction ... Read More »

Historic Main Street Buildings Attract Tech Tenants

HOUSTON – (Realty News Report) – Two tech firms have leased space in the Main&Co historic redevelopment on Main Street at Commerce in north downtown Houston. leased 8,457 SF and UiPath leased 5,187 SF. NewForm Real Estate, led by Dan Zimmerman, redeveloped the buildings. The Dorrance Building, 114 Main, was completed in 1903. The adjacent Raphael Building was built ... Read More »

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