Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Texas Tower, the newest office tower rising on the Houston skyline, has added to DLA Piper law firm to its roster of tenants, according to the building’s developers, Hines and Ivanhoé Cambridge. DLA Piper signed a lease for 31,000 square feet at the Texas Tower, the 47-story, one-million-square-foot office tower under construction in downtown ... Read More »

HOUSTON – (Realty News Report) – Retail veteran Eric Lestin, formerly of CBRE, has joined Cushman & Wakefield to lead the firm’s newly formed Retail Services Group. Lestin will create a retail tenant representation team and develop other related disciplines. Cushman & Wakefield’s executive vice chairman Tim Relyea said Lestin has “one of the best retail real estate minds in ... Read More »

HOUSTON – (Realty News Report) – On Wednesday, July 17, 2018, Hines and partner Ivanhoé Cambridge, announced construction of a new, 47-story, 1 million-SF office tower on the former site of the Houston Chronicle building downtown. While law firm Vinson & Elkins, signed a lease for 212,000 square feet and Hines will take 155,000 square feet, the new construction occurs ... Read More »

Could Houston be facing a shortage of land in some real estate sectors?  Crazy as it seems for ever-expanding Space City, it could be possible, especially in a hot market such as the Houston Ship Channel.  To find out, Realty News Report contacted one of the city’s long time industrial brokers — John Nicholson, Executive Vice President of Development at ... Read More »

NEW YORK – The $2 billion sale of Cushman & Wakefield, a global commercial real estate services firm, has been finalized, creating one of the world’s largest real estate companies. With this merger with Chicago-based DTZ, the new Cushman and Wakefield will have 44,000 employees and estimated annual revenue of $5 billion. Investor David Bonderman of Fort Worth is now ... Read More »

NEW ORLEANS – Cushman & Wakefield has brokered the sale of what is believed to be the largest warehouse in New Orleans. The price was $15.5 million. With occupancy of 96 percent, the 1420 Sams Avenue building is a 358,060-square-foot distribution building in New Orleans’ Elmwood Business Park. The seller, Columbis Nova, was represented by Cushman & Wakefield’s Mike David, ... Read More »

NEW YORK –  DTZ, a commercial real estate services backed by the TPG private equity firm, has agreed to acquire Cushman & Wakefield for $2 billion, creating one of the world’s largest realty firms. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than ... Read More »

HOUSTON – Hines, one of the oldest and most respected development firms in Houston, has launched a 1 million square-foot industrial park, injecting even more momentum in the new south side hot zone for warehouse development. Hines’ 75-acre Beltway Southwest Business Park is located at the northeast corner of Beltway 8 and Fort Bend Toll Road. A number of developers, ... Read More »

HOUSTON – Houston realty outscored the nation in most categories last year. The city has more than 17 million square feet of office space under construction, far more than any other city. And it had more single-family housing starts than any other market in the nation last year. Plus, existing single-family sales are on a record-setting pace. While adding 125,000 ... Read More »

HOUSTON –  Cedar Crossing, a 10,897-acre industrial park near Baytown, has been sold to TGS Cedar Port Partners in one of the largest land sales in Houston’s history. Cedar Crossing is considered the fifth largest industrial park in the world and it is equal to three-fourths that of New York’s Manhattan Island, according to the Cushman & Wakefield realty firm, ... Read More »

MUNICH – New York attracted the most commercial real estate investment during the last year as the global real estate investment market saw volumes increase by 17.2% to $788 billion, according to Cushman & Wakefield’s annual ‘Winning in Growth Cities’ report launched today at EXPO REAL in Munich, Germany. While a number of cities still dominate, activity is spreading to ... Read More »

HOUSTON – As many as five office buildings, with an estimated 2 million square feet of office space, will be added to west Houston’s Energy Corridor on the site of the 35-acre Exxon Mobil Chemical complex, which will be demolished. Houston-based PM Realty Group will be developing the Exxon site in conjunction with Atlas USA Holdings of Greenwich, Conn. The ... Read More »