Rendering, circa 1950, shows original vision for the Medical Towers building in Houston’s Texas Medical Center. HOUSTON – The historic Medical Towers building in the Texas Medical Center is being transformed into the 273-room Westin Houston Medical Center hotel. Pearl Hospitality of Houston is redeveloping the 18-story structure, originally opened in 1954 at 1709 Dryden … Read more
HOUSTON – (Realty News Report) – Groundbreaking took place Thursday on the first phase of East River, a transformative 150-acre mixed-use development that will reshape the eastern edge of downtown Houston. “Today marks the beginning of what will be one of the most impactful revitalizations in a generation for Houston’s urban core,” Mayor Sylvester Turner … Read more
The “Great Steps” lead to the food hall at the new Bank of America Tower lead to a food hall. Photo by Ralph Bivins, Realty News Report HOUSTON – (By Ralph Bivins, Realty News Report) – Houston’s newest downtown skyscraper, a sleek 35-story tower with an innovative approach to its below-grade level, has been officially … Read more
Levy Park HOUSTON – (By Michelle Leigh Smith, Realty News Report) – At the Houston District Council’s Urban Land Institute Development of Distinction Awards, Levy Park, Sawyer Yards, The Headquarters, Avenida Houston and SEARCH/House of Tiny Treasures received top honors. Levy Park, a project completed after more than 17 years of planning and community engagement, … Read more
The 7350 Langfield building in northwest Houston has been sold. HOUSTON — JLL Capital Markets has closed the sale-leaseback of a 133,480-square-foot industrial distribution facility located at 7350 Langfield Road in northwest Houston. Denver-based Industrial Property Trust (IPT) acquired the asset. Flooring distributor T&L Distributing will remain in the building under a full-building leaseback to … Read more
HOUSTON – (Realty News Report) – Jon Farris has been appointed vice chairman at Stream Realty Partners. A longtime presence in the Houston industrial market and formerly with CBRE, Farris has represented tenants, buyers and sellers across numerous transactions. He has earned recognition from NAIOP, which named him Industrial Broker of the Year on multiple … Read more
Economists Frank Nothaft of CoreLogic, David Berson of Nationwide and Rob Dietz of NAHB at the IBS home building convention at the Las Vegas convention center. Photo credit: Ralph Bivins of Realty News Report LAS VEGAS – (Realty News Report) – Fueled by robust local economies, strong population growth and historically low interest rates, Houston … Read more
HOUSTON – (Realty News Report) – Houston home builders surged out of the gate in the first quarter of the year, recording 9,917 single-family home starts — the highest quarterly level since 2007, according to housing analysts at Zonda. Despite the strong momentum, builders face significant constraints from a historic shortage of vacant lots, limited … Read more
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Houston’s real estate market recorded its strongest May on record as lower mortgage rates and a growing supply of homes for sale energized activity across the region. The Houston Association of Realtors reported 8,346 single-family homes sold in May, a 2.8 percent increase from … Read more
HOUSTON – (Realty News Report) – Skanska has sold its remaining 10 percent ownership stake in the Bank of America Tower, the downtown Houston skyscraper it developed. An affiliate of Beacon Capital Partners agreed to acquire the stake for $24 million. Skanska reported the transaction is expected to close in the third quarter. The 35-story, … Read more