RNR Real Estate Briefs from Realty News Report – MISSOURI CITY, Texas — Trammell Crow Company and joint-venture partner Artis REIT, a Canada-based real estate investment trust, have broken ground on the fifth and final phase of Park 8Ninety in Missouri City, Texas. Phase V will deliver three Class A speculative industrial buildings totaling 676,860 … Read more

David Jarvis HOUSTON – (Realty News Report) – Houston is famous for many things: space exploration, the energy industry, and a unique urban landscape shaped by its lack of formal zoning. It is also arguably the world capital of Master Planned Communities (MPCs) — large residential developments that offer extensive recreational amenities like parks, golf … Read more

HOUSTON – (By Dale King, Realty News Report) – The COVID-19 pandemic has accelerated a migration to recreational destinations as buyers blend remote work with leisure. As long as a locale offers reliable internet and strong phone service, many Americans are now comfortable making prime vacation spots their everyday workplace. “We have seen vacation homes … Read more

Ron Jones ORLANDO – Despite the election outcome last November, which suggested many Americans are disengaged, sustainability remains very much alive. “It may be dormant, it may be hibernating, but it is not dead,” said Ron Jones, president of Green Builder Media, addressing about 200 attendees at the 2017 Sustainability Symposium in Orlando. The event, … Read more

HOUSTON – (Realty News Report) – Satya, a Houston-based commercial real estate consulting and development firm, has begun construction on a 350,000-square-foot mixed hospitality development at the corner of Old Spanish Trail and Fannin Street in the Texas Medical Center. Located at 7329 Fannin Street within a Qualified Opportunity Zone, the project is scheduled for … Read more

HOUSTON – (Realty News Report) – High Street Residential, the multifamily development arm of Trammell Crow Company, has begun construction on a 43-story residential tower adjacent to Discovery Green in downtown Houston. The 309-unit building at 808 Crawford Street is scheduled for completion in late 2022 and will introduce new luxury rental options in the … Read more

HOUSTON – (Realty News Report) – Hicks Ventures, the Houston-based developer, has sold three inpatient rehabilitation hospitals for $86.8 million. The developer completed the projects between 2018 and 2019 after securing 20-year leases for each facility. Each of the three hospitals provides 42 patient beds and includes 12 beds dedicated to traumatic brain injury care. … Read more

HOUSTON – (Realty News Report) – Weingarten Realty Investors, a Houston-based shopping center REIT, has withdrawn its 2020 outlook due to uncertainty caused by the coronavirus pandemic. Retailers across the country have temporarily or indefinitely closed stores in response to the outbreak. Analysts warn that the COVID-19 crisis will be especially hard on restaurants, many … Read more

AUSTIN – (Realty News Report) – A five-story mixed-use development is now under construction in an Opportunity Zone within East Austin. The project, named Red Bluff Development, is being developed by HN Capital Partners in partnership with Austin-based Red Bluff Partners, which originally acquired the site in 2014. JLL Capital Markets arranged $26.65 million in … Read more

Realty News Report Editor Ralph Bivins HOUSTON – (By Ralph Bivins, Realty News Report) – The first quarter is winding down. Although it feels like New Year’s Day was just yesterday, the first quarter of 2019 will be gone in about two weeks. With that in mind, here are several predictions for the rest of … Read more