Saturday , 4 July 2020
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The New Normal for Skyscrapers: Hines Prepares for Returning Tenants at Its Global Office Portfolio

HOUSTON – (Realty News Report) – Houston based Hines, which has a presence in 24 countries and currently has 232 million SF in its property and management portfolio, has created new safety procedures and a tenant guidebook  for returning to work following the Covid-19 shelter-in-place programs. At its properties, Hines will institute enhanced sanitation protocols, limits on elevator ride capacity, ... Read More »

Perot/Invesco Partnership Starts 2.4 Million SF Project Near DFW Airport

DALLAS – (Realty News Report) – A partnership of Perot Development Co. and Invesco Real Estate is developing DFW Park 161, a 196-scre project with 2.4 million SF of industrial space near the DFW Airport in Irving near State Highway 161. A JLL Capital Markets team of Stephen Bailey, Dustin Volz and John Rose arranged construction financing and the creation ... Read More »

CBRE: Houston Apartment Rents Were at a Record-High, Then The Covid Hit

HOUSTON – (Realty News Report) – Houston’s multifamily market was strong in the first quarter before the Covid-19 upended the economy, according to CBRE. Houston’s first quarter average monthly effective rent of $1.19 per SF was a record high, CBRE reported. Occupancy stood at 89.3 percent in the first quarter, even as Houston added 5,645 new units in a spate ... Read More »

NAI Partners Adding Texas Brokers During Pandemic

HOUSTON – (Realty News Report) – NAI Partners, the fifth largest commercial real estate brokerage in Houston is adding brokers in its Texas offices as is navigates the headwinds of the Covid-19 pandemic, the Houston-based company announced. NAI Partners said it “is successfully navigating the headwinds of the COVID-19 pandemic with its professional staff, utilizing technology to continue supporting its ... Read More »

RNR Real Estate Briefs – HOU AUS DAL SAT

DHL Express leased 27,895 SF at 16855 Northchase Drive in north Houston. Rich Pancioli with CBRE in Houston represented DHL. The landlord, Greenspoint Place Owner LLC, was represented by Kevin Wyatt of Lincoln Property Co. …………………………………………………  NAI Partners recently arranged a 30,200 SF industrial lease for Best Block, LLCat 4101 Airline Drive in Houston. The firm’s Shaffer Braun and Michael Keegan represented ... Read More »

Houston Home Sales Fall 19 Percent in April

HOUSTON – (Realty News Report) – Houston home sales fell 19.1 percent in April as the Covid-19 pandemic damaged the housing market, which had been surging in the first quarter. Houston Association of Realtors reported 6,199 single-family homes sold in April compared to 7,666 in April of 2019. “We were bracing for a rough report and we got it, and ... Read More »

Fein Breaking Ground on Apartment Development in Houston

HOUSTON – (Realty News Report) – Fein, a Houston-based multifamily firm, is breaking ground on the 318-unit Pavilion at The Groves Apartment Homes development on the northeast side of Houston in the Humble area. This new Fein development is situated within The Groves, a 1,000-acre master planned community located 1.5 miles north of Beltway 8 between Woodland Hills Drive and ... Read More »

Memo to Elon Musk: Houston Wants Tesla’s Headquarters

To: Mr. Elon Musk, CEO of Tesla, Inc. From: Ralph Bivins, editor of Realty News Report and author of Houston 2020: America’s Boom Town – An Extreme Close Up and the people of Houston. Re: Locating Tesla in Houston. In regards to your Saturday tweet “Tesla will now move its HQ (from Palo Alto, Calif.) and future programs to Texas/Nevada immediately.” And ... Read More »

Stage Stores, Operator of Palais Royal and Bealls, Files Chapter 11 Bankruptcy

HOUSTON – (Realty News Report) – Stage Stores, a Houston-based retailer operating under the Palais Royal, Bealls and Gordman’s brands, filed for Chapter 11 bankruptcy on Sunday. The company shuttered its stores, which recently numbered 738 stores, at the end of March due to the Covid-19 pandemic. Thousands of employees were furloughed without pay, including personnel at the company headquarters, ... Read More »

Fein Sells Springwoods Village Apartments

HOUSTON – (Realty News Report) – MLG Capital, a Wisconsin-based real estate investment firm, has acquired The Belvedere  Springwoods Village, a mid-rise 342-unit multifamily community north of Houston. The community was developed in 2014 by Martin Fein Interests, a Houston-based multifamily firm that has developed thousands of residential units around the nation. Berkadia’s Ryan Epstein and Jennifer Ray represented Martin Fein ... Read More »

Houston Housing: Inventory Decline Continues into May; Sellers Withdraw Due to Covid-19

HOUSTON – (Realty News Report) – The inventory of homes for sale in Houston continues to shrink in early May as the coronavirus pandemic convinces sellers to delay a venture into the market. The Houston Association of Realtors reports only 2,878 homes were placed on the market (new listings) last week, down 17.5 percent from the 3,488 new listings that ... Read More »

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

Houston 2020: America’s Boom Town – An Extreme Close Up By Ralph Bivins, Editor of Realty News Report  Available on Amazon HOUSTON — FKM Partnership Ltd. has purchased 48,000 SF of industrial property on 4.8 acres at 11941 Cutten Road in Houston. The firm bought the property from ClayPartners as an investment sale. Nathan Wynne of CBRE represented the FKM. ………………………………………………. Martin Resource Management renewed ... Read More »

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