Realty News Report Covering Commercial and Residential News

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 »

HOUSTON – (Realty News Report) – Rand Stephens, Avison Young principal and managing director of the firm’s Houston office, announced the hiring of Michael Dender. Dender is an associate in the company’s Houston office, focusing on landlord representation and expansion of the firm’s agency leasing service line working closely with principals Sam Hansen  and Doug Pack. ………………………… DALLAS – Stream Realty Partners, a full-service national ... Read More »

HOUSTON – (Realty News Report) – Freeway Properties has broken ground on a 150,920 SF office building along Interstate 10 near the Grand Parkway, in the Katy area west of Houston. The building, which is the second phase of Freeway Properties’  Katy Ranch Offices development, is slated for completion in the summer of 2020. Avison Young principals Sam Hansen and ... Read More »

HOUSTON – (Realty News Report) – A self-storage operator has acquired a 6.2-acre tract on Loop 610 North near The Heights, according to the Avison Young commercial real estate firm. The site had been used as the printing plant for Greensheet, a “shopper” publication specializing in classified ads since 1970. The 40,000 SF of industrial space at 1690 North Loop West, ... Read More »

HOUSTON – (Realty News Report) – Warehouse construction is surging in Houston as strong job growth, improving oil prices and the city’s emergence as a major distribution hub has energized the industrial real estate sector. Sixty-three major industrial buildings are currently under construction and more new space is on the way, according to a new report by the Avison Young ... Read More »

HOUSTON – (Realty News Report) – Houston’s real estate industry has had quite a year. During the struggle to recover from the impact of low oil prices, the real estate sector has been battered by Mother Nature in the form of Hurricane Harvey. What’s next? To gauge the health of Houston’s real estate market, Realty News Report talked with Rand Stephens, Managing ... Read More »

HOUSTON – (Realty News Report) – For folks who sell Houston office buildings for a living, Thanksgiving should be extra special this year. After a paltry $300 million in office building transactions in 2016, the annual sales total will be well into the multi-billions by the time the last deal closes in 2017. And there are still more closings on ... Read More »

HOUSTON – ROC Bridge Partners, LLC of Salt Lake City has purchased the 1700 West Loop South office building in Houston from Younan Properties and joint venture partner Passco Cos. The building is a  Class A 272,000-square-foot office high-rise attached to the Marriott Hotel. Younan Properties was represented by Darrell Betts of Avison Young in the transaction. ” This is ... Read More »