Monday , 6 April 2020
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Industrial Portfolio Sells for $148 Million

HOUSTON – (Realty News Report) – Exeter Property Group paid $148 million to acquire a 20-building, Class A, light industrial portfolio totaling 1.25 million SF in Dallas and Houston, Texas, and Charlotte, North Carolina. The HFF team marketed the property on behalf of the seller, Adler Real Estate Partners. The portfolio comprises Cardinal Park in Dallas; three properties in Houston, ... Read More »

Work Begins on Spec Industrial Project in Baytown

BAYTOWN, Texas – (Realty News Report) – Investment & Development Ventures LLC and Sealy Co. broke ground on Thompson 10 Logistics Center, a 390,000-SF speculative project on 26.9 acres in Baytown, east of Houston. CBRE’s Tom Lynch and Mark Redlingshafer represented IDV in acquiring the land and securing Sealy as an equity partner. The project is located at the intersection ... Read More »

Hurricane Harvey: One Year After – Synagogues In Meyerland Deal with Repair and Rebuild Questions

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – As the anniversary of the fierce hurricane that forced demolition of one of southwest Houston’s oldest synagogues approaches, the 300 congregants crowd into a social hall at 9001 Greenwillow for services, uncertain of the future. Many, like Max Reichenthal, President of Texas Iron and Metal, have been attending services ... Read More »

Hurricane Harvey: One Year After – Q&A with County Judge Ed Emmett

HOUSTON – (Realty News Report) – Hurricane Harvey made landfall on Aug. 25, 2017 and it plagued southeast Texas for days. Harris County Judge Ed Emmett, a visible leader during the storm, has spearheading the drive to help fix the flooding problem. The Commissioners Court has called a bond election for Aug. 25 for the Harris County Flood Control District. ... Read More »

WorkSuites Leases Space for Co-Working Facilities

HOUSTON – (Realty News Report) – WorkSuites, a new co-working brand formerly known as Meridian Business Centers, is expanding in Houston. WorkSuites leased 30,355 SF 5th floor at 2001 Timberloch Place in The Woodlands. WORKSUITES works with John Pelletier and Greg Burns of ESRP as its national brokers, and Dan Boyles and Michael Mannella of NAI Partners on the company’s ... Read More »

Sold: Hyatt Hotel in Houston’s Energy Corridor

HOUSTON – (Realty News Report) – The Hyatt House Houston Energy Corridor, a 116-room, extended stay hotel at 15405 Katy Freeway in west Houston has been sold, according to CBRE. Houston-based Energy Corridor Hotels LLC purchased the hotel from Florida-based Driftwood Hospitality for an undisclosed price. CBRE’s Michael Yu, Rahul Bijlani and Agrama Mannapperuma in conjunction with Ten-X Commercial, through ... Read More »

Hurricane Harvey – One Year After: Q&A with Shad Bogany, Former Chair of Houston Assn. of Realtors

HOUSTON – (Realty News Report) – Houston’s real estate world has changed dramatically since Hurricane Harvey visited Houston last year. The storm is tied with 2005’s Hurricane Katrina as the costliest tropical cyclone on record, inflicting an estimated $125 billion in damage — primarily from as much as 50 inches of rain. Harvey’s waters inundated more than 100,000 homes, displacing ... Read More »

Houston Strong: City has Gained 101,800 New Jobs in Last 12 Months

HOUSTON – (By Ralph Bivins, Realty News Report) – The Houston economy created 101,800 jobs in the 12-month period ending in July, the strongest job-growth pace in over three years, according to the Texas Workforce Commission. Construction jobs contributed 25,500 new jobs to the total. Repairs and construction related to the recovery from Hurricane Harvey, which struck Houston a year ... Read More »

King Ranch Saddle Shop Leases Space in CityCentre

HOUSTON – (Realty News Report) – King Ranch Saddle Shop leased 2,594 SF in CityCentre, Midway’s 47-acre mixed-use development near the Sam Houston Tollway in west Houston. The 825,000-acre King Ranch, located in south Texas between Corpus Christi and Brownsville, was founded in 1853 by Capt. Richard King. King established the leather goods business in 1867 in order to keep ... Read More »

Hines Sells Pier 1 Tower to Hertz Investment Group

FORT WORTH – (Realty News Report) – Hines has sold its 20-story Pier 1 Imports building in downtown Fort Worth to Woodland Hills, Calif.-based Hertz Investment Group, led by Judah Hertz. The 410,000-SF headquarters of the retailer overlooks the Trinity River. Hertz has acquired several properties in Houston in recent years include the Royal Oaks Centre in Westchase and three ... Read More »

Hurricane Harvey – One Year After: Q&A with Former Mayor Bill White

HOUSTON – (Realty News Report) – Bill White was Houston’s 60th Mayor, serving from 2004 to 2010 and twice re-elected with an average vote of 88 percent. He received the prestigious John F. Kennedy Profiles in Courage Award for his leadership in response to Hurricane Katrina. He was also a victim himself of Hurricane Harvey and nowadays is chairman of ... Read More »

Entry-Level Homes at $190,000 in New Katy Subdivision

HOUSTON – (Realty News Report) – Friendswood Development Co. and Pulte have announced plans for Katy Crossing, a 175-acre community 3.5 miles west of the Grand Parkway in Katy. Friendswood Development is partnering with Pulte Homes to develop 40- and 50-foot home sites to meet the growing demand for entry-level new homes. Over 600 homes will be built in Katy ... Read More »

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