Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Prime Natural Resources leased 23,782 SF in an office sublease at the former One Shell Plaza, 910 Louisiana St., Houston from Shell Oil Co., the landlord. NKF’s Michael Lisch, John Luck and Joshua Brown handled the deal. ………………………………………………….. Reed Vestal, Taylor Schmidt and John Erck of Lee & Associates – Houston represented 290 Commerce Center Venture, LLC, in the purchase ... Read More »

HOUSTON – (Realty News Report) – Greg Usher of Cypressbrook Company represented the landlord, Rivershire Office Plaza, in the leasing of 32,079 SF of office space at 333 N. Rivershire Drive in Conroe. Nick Terry of NAI Partners  represented the tenant, Elite Supply Partners, Inc. ………………………………………………… Subsea 7, LLC  signed a 64,819 SF lease to expand its office at Westgate ... Read More »

HOUSTON – (Realty News Report) – Southeast Houston, with 4.7 million SF under construction, ranks No. 5 in a CBRE national construction ranking of industrial submarkets in 2019. North Fort Worth, with 12 million SF, led the nation as the top construction submarket, CBRE said. It was followed by South Atlanta, Northeast Atlanta and Ontario, Calif. The report said 289 ... Read More »

HOUSTON – (Realty News Report) – Radom Capital has received $104,750,000 in financing for the Montrose Collective, a mixed-use project under development near the intersection of Montrose Boulevard and Westheimer. JLL worked on behalf of the borrower, Radom Capital, to secure the construction loan with Bank OZK and joint venture equity from institutional investors advised by J.P. Morgan Asset Management. ... Read More »

HOUSTON – (Realty News Report) – CBRE Capital Markets Debt & Structured Finance has secured $16.1 million in bridge financing for Sugar Land Physicians Center, a 56,063 SF medical office building at 7616 Branford Place in Sugar Land. Dana Summers, Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell and Jim Korinek of CBRE arranged the loan on behalf of the borrower, American Commercial Contractors, LLC. Money360 provided the ... Read More »

HOUSTON – (Realty News Report) – HCA Houston Healthcare recently broke ground on the HCA Healthcare Center for Clinical Advancement, a new, state-of-the-art training center. NAI Partners’ Griff Bandy and Joe Bright represented HCA in the transaction for the 48,400 SF building at Pearland Town Center, 11200 Broadway St. It is scheduled to open by early 2021. The healthcare organization signed a ... Read More »

HOUSTON – (Realty News Report) – Lee & Associates –Houston announces five office leasing and management assignments in the Greater Houston area involving Class A to B space and Lee & Associates – Houston’s Landlord Agency Team: 550 Westcott, 83,366 SF; 4101 Interwood, 80,000 SF; 1505 S. Highway 6, 63,487 SF; 16430 Park Ten Place, 110,408 SF and 10101 Southwest Freeway, 102,292 ... 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 »

AUSTIN – (Realty News Report) – B&Z Development have broken ground on a five-story, 120,000-SF spec office development, located a few blocks southwest of the Texas Capitol of the western edge of downtown Austin. CBRE has secured $72 million in loan and equity capital for the development of the building, which is called 701 Rio. Mike Landon and Griffin Papaila with CBRE’s Debt & ... Read More »

HOUSTON – (By Kyle Hagerty for Realty News Report) – Houston’s retail real estate sector may be as strong as it has ever been. CBRE reports 2019 was one of the strongest years on record for Houston’s retail real estate market, with occupancy remaining high, despite robust new construction. About 4.4 million SF of new retail-space was delivered in 2019, ... Read More »

HOUSTON – (Realty News Report) – CBRE has been retained to identify operators to lease the 8,547 SF restaurant space that will be built as part of the redevelopment of Jones Plaza in downtown Houston’s Theater District. Houston First Corp., a governmental corporation which operates the city’s performance halls, convention center and the Hilton Americas convention hotel, is overseeing a ... Read More »

HOUSTON –(Realty News Report) – Sempra LNG has subleased 66,772 SF at 1500 Post Oak Blvd., an office tower in Uptown Houston.  Paul Penland and Graham Horton with CBRE Houston were brokers for the subtenant. Tim Relyea and Morgan Relyea Colt with Cushman & Wakefield of Texas, Inc. were brokers for the sublandlord, BHP. …………………………………………………… HaiDiLao Hotpot has leased 6,295 SF of restaurant space in ... Read More »