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

HOUSTON – (Realty News Report) – Chevron Corp. announced Monday that it has agreed to acquire Houston-based Noble Energy in an all-stock transaction valued at approximately $5 billion, or $10.38 per share. The transaction would mark the largest takeover in the energy sector since the coronavirus pandemic affected the U.S. earlier this year. Noble Energy … Read more

Coca-Cola plant on Bissonnet Street was completed in 1950. It’s across the street from the city limits of the affluent West University Place. HOUSTON – (Realty News Report) – The Coca-Cola bottling facility near West University Place, which is expected to be vacated in a few years when the company moves its operations to the … Read more

Rendering of Bissonnet Medical Plaza, which is under construction in Bellaire. BELLAIRE – (Realty News Report) – Jacob White Construction has broken ground on Bissonnet Medical Plaza, a new medical office building within Loop 610. The three-story Class A facility at 4460 Bissonnet Street at Newcastle Drive will provide more than 52,000 square feet of … Read more

Emery Bay at Lakepointe LEWISVILLE, Texas – Multifamily owner-operator American Landmark, headquartered in Tampa, Florida, has acquired Emery Bay at Lakepointe, a 360-unit garden-style apartment community in Lewisville, roughly 30 minutes north of downtown Dallas. Berkadia, a commercial real estate services firm affiliated with Berkshire Hathaway and Jefferies Financial Group, arranged financing for the purchase. … Read more

FORT WORTH – Crescent Real Estate LLC has acquired The Hotel at Avalon, a 330-room upscale property situated in Alpharetta, Georgia, a suburb in the Metro Atlanta area. The hotel sits within Avalon, an 86-acre, mixed-use community developed with roughly $1 billion in investment. Fort Worth–based Crescent, founded by John C. Goff, completed the acquisition … Read more

The Place at Greenway apartments near the corner of Weslayan and Richmond Avenue in Houston. HOUSTON – The Place at Greenway, a 219-unit garden-style apartment community near Greenway Plaza, has been sold. The complex is one of the few remaining workforce multifamily properties remaining in Houston’s inner core. Situated inside Houston’s Inner Loop, The Place … Read more

Thanks-Giving Square monument in Downtown Dallas. Copyright photo by Ralph Bivins. 2016 The worst Thanksgiving for the Texas energy industry — November 27, 2014 — is becoming a more distant memory. On that day, OPEC chose not to cut oil production, sparking a sharp drop in oil prices, a halt in drilling activity and thousands … Read more

HOUSTON – (Realty News Report) – CBRE announced that office investor leasing specialists Russell Hodges, Bubba Harkins, and Jessica Ochoa have joined the firm’s Advisory & Transaction Services team in Houston. The trio joins CBRE from JLL, where they were responsible for marketing and leasing a 6 million square foot office portfolio. Additional team members … Read more

SALT LAKE CITY – (Realty News Report) – A development partnership between Houston-based Patrinely Group and USAA Real Estate has begun construction on a new downtown Salt Lake City office tower anchored by a financial services firm. EnerBank USA, a national consumer lender, will lease 88,900 square feet on the top three floors of the … Read more