Realty News Report Covering Commercial and Residential News

SOUTHLAKE, Texas – (Realty News Report) – A new Westin hotel will be built in North Texas, demonstrating a new trend – the ground-sale leaseback, CBRE reports. The ground-sale leaseback structure is quickly gaining popularity because it lowers equity requirements for developers and hoteliers. SRH Hospitality, led by Jerry Crenshaw, is developing the 261-room Westin Southlake near Highway 114 and ... Read More »

HOUSTON – (Realty News Report) – The competitive Houston office market is showing signs of modest improvement, although a full recovery could be several years away. CBRE reports 5.2 million square feet of Houston office space has been leased so far this year, up from 4.2 million square feet in the comparable period of 2018. “Leasing activity has been strong,” ... Read More »

HOUSTON– (Realty News Report) – An affiliate of  Sealy & Co., an industrial commercial real estate firm, acquired a 479,806 SF distribution warehouse on the west side of the Houston metropolitan area. The building is occupied by Broad Ocean, a manufacturer which is a supplier of Daikin. Daikin recently completed a 4.2 million SF air conditioning manufacturing plant in the ... Read More »

HOUSTON – (Realty News Report) – A new Houston-area hotel has become a “distressed asset” and is listed to be sold off by CBRE Hotels, according to Rahul Bijlani, senior vice president of CBRE Hotels. Bijlani, speaking at the CBRE press luncheon last week, said the hotel is affiliated with the Marriott chain, but he declined to fully identify the ... Read More »

HOUSTON – (Realty News Report) – Compass Real Estate, a rapidly expanding national residential brokerage, leased a full floor in Stonelake Capital Partners’ new Park Place Tower under construction on Westheimer Road inside Loop 610. The 15-story, 210,000-SF Park Place office building has also gained Charles Schwab as a tenant and the property is now 21 percent leased ahead of its ... Read More »

 HOUSTON – (By Dale King, Realty News Report) – Many Houstonians who fled their Hurricane Harvey-flooded and otherwise damaged homes found shelter in a host of different places, among them – obviously – hotels. And many stayed there a good, long time. As a result, the overall Houston hotel market finished 2018 with a revenue per available room (RevPAR) loss ... Read More »

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 »

HOUSTON – (Realty News Report) – With Dallas-Fort Worth ranked No. 1 in the nation, Houston is a real estate market on the rise and “has it all” as cited in the investment market rankings of Emerging Trends in Real Estate 2019 by PwC and the Urban Land Institute. Houston posted No. 37 of 79 U.S. cities, which is a big improvement ... Read More »

HOUSTON – (Realty News Report) – Fiesta Mart LLC, a Houston-based grocery chain that is being acquired by Groupo Comercial Chedraui, has leased about 32,000 SF of headquarters office space near the Galleria. Fiesta Mart, which has 63 stores, has agreed to be sold to Chedraui, a Mexico-based retailer, for $300 million. Fiesta Mart LLC, represented by CBRE’s Rich Pancioli ... Read More »

HOUSTON – (Realty News Report) – Houston-based Mosaic Residential purchased the The Club at Stablechase, a 148-unit multifamily complex located near Schroeder Road and Highway 249 in the Champions area of northwest Houston. The seller, CFH Investment Partners, was represented by CBRE’s Matt Phillips and Clint Duncan, in the off-market transaction. The Club at Stablechase, built in 1999, features one- ... Read More »

HOUSTON – (Realty News Report) — Sealy & Co. acquired the Sam Houston Business Park, a 262,631-SF, four-building project in northwest Houston. Tom Lynch & Heather McClain of CBRE represented the seller, the Levey Group. The business park, which is 100 percent leased, is located in the 8800 block of North Sam Houston Parkway West. “The acquisition of this trophy ... Read More »

HOUSTON – Valcap Group has acquired a 352-unit multifamily community in Katy, west of Houston in an off-market transaction, according to CBRE. The apartment property, The Remington Katy, now known as Luxe at Katy Apartments, is located at 22631 Colonial Parkway. Matt Phillips and Clint Duncan, both Senior Vice Presidents with CBRE in Houston, represented the seller, Conti Street Partners, ... Read More »