HOUSTON – (Realty News Report) – Hines and 2ML Real Estate Interests are preparing to break ground on the first phase of Levit Green, a transformative 53-acre life sciences district located near the Texas Medical Center. HOK designed the initial structure: a five-story, 270,000-square-foot Phase I building tailored to meet the rigorous demands of modern … Read more

Interior of Folio West, a new multifamily project by Patrinely Group in West Houston. HOUSTON — Patrinely Group, a Houston-based developer with a national footprint, has completed Folio West, a 266-unit multifamily community located at 2525 Citywest Boulevard with frontage on Westheimer Road. The property is owned by Crimson Real Estate Fund in partnership with … Read more

Shannon Cobb Evans HOUSTON — Shannon Cobb Evans of Heritage Texas Properties has been named chair of the Houston Association of Realtors (HAR) board of directors for 2019. John Nugent of RE/MAX Space Center was appointed chairman-elect for the organization, which represents roughly 39,000 members. The new board was officially sworn in during HAR’s Celebration … Read more

In Memoriam – Howard Rambin HOUSTON — J. Howard Rambin III, co-founder of the Houston-based real estate firm Moody Rambin, passed away on August 25, 2024. He was 79 years old. Howard Rambin Mr. Rambin co-founded Moody Rambin with Dan Moody Jr. in 1969. The firm’s first development was a small collection of patio homes … Read more

HOUSTON – (Realty News Report) – Lockwood Development Partners has acquired a portfolio of nine hotels across eight states, including properties in Houston and Austin, for $225 million. The Houston property in the portfolio is a 243-room Crowne Plaza located at 9090 Southwest Freeway near South Gessner Road. Eddy Nevarez, associate director of Marcus & … Read more

Fred Caldwell COLLEGE STATION, Texas – Caldwell Communities, a Houston-based developer led by Fred Caldwell, has opened Mission Ranch, a 400-acre residential community located in College Station near Texas A&M University and the Kyle Field football stadium. The development will include 530 homes with prices starting in the $300,000s. In the early 1980s, Fred Caldwell … Read more

Robert Williamson, Vice President, Investment & Capital Markets at Houston-based Midway. HOUSTON – When oil prices plunged to multi-year lows, investor interest in Houston’s real estate market dropped sharply as well. By early 2016, oil traded under $30 a barrel after peaking near $107 in mid-2014. A few opportunistic funds looked for distressed deals in … Read more

SAN ANTONIO – (Realty News Report) – Ohana Real Estate Investors, a firm specializing in full-service hotel investments, has acquired La Cantera Resort & Spa, a 496-room resort in San Antonio, from USAA Real Estate. Sitting on 550 acres at the highest elevation point in San Antonio, La Cantera Resort & Spa features expansive views … Read more

Jon Silberman HOUSTON – (Realty News Report) – TechnipFMC, an engineering and construction contractor serving the energy sector, has placed a substantial block of office space on the sublease market in the Energy Corridor, NAI Partners reports. The available sublease totals 375,937 square feet and is located in Energy Tower II at 11720 Katy Freeway … Read more

HOUSTON – (Realty News Report) – The Finger Companies, a Houston-based multifamily developer founded and long led by apartment industry veteran Marvy A. Finger, has sold 20 garden-style and mid-rise apartment communities in a transaction valued at $2 billion. Since establishing his firm in 1958, Marvy Finger has typically retained ownership and managed nearly every … Read more