Realty News Report Covering Commercial and Residential News

THE WOODLANDS – (Realty News Report)- Western Midstream Partners leased 133,948-SF —  the top five floors of 9950 Woodloch Forest Drive, a prime office building in The Woodlands that had been occupied by Occidental Petroleum and Anadarko Petroleum. The 31-story tower is one of two premier Class AAA office towers and recently rebranded The Woodlands Towers at The Waterway. As ... 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) – Cushman & Wakefield announced Wednesday that it has acquired Colvill Office Properties, a Houston-based provider of office agency leasing services. Colvill Office Properties currently directs leasing and marketing efforts for 17 million SF of Class-A office space in Houston, including the 1 million SF Texas Tower project under construction by Hines in downtown. “As ... 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 »

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 »