Rendering of the 701 Rio office project in Austin. AUSTIN – B&Z Development has broken ground on a five-story, 120,000-square-foot speculative office building located just a few blocks southwest of the Texas Capitol on the western edge of downtown Austin. CBRE arranged $72 million in combined loan and equity financing for the project, which is … Read more

HOUSTON – (Realty News Report) – Robert Williamson, a seasoned Houston real estate professional who has overseen sales and recapitalizations of major properties across the city, has been promoted to Senior Vice President, Investment Management at Midway. Before joining Houston-based Midway in 2017, Williamson served as an Investment Sales Specialist at HFF, where he led … Read more

The Brookhollow West Business Park in northwest Houston has been sold. HOUSTON – Gulf BK LLC has acquired the Brookhollow West Business Park, located at 9777 West Gulf Bank Drive in northwest Houston. The seller, CUNA Mutual Investment Corporation, was represented by Walter Menuet and Judd Harrison of Colliers International in the transaction. The property … Read more

William R. Franks AUSTIN – (Realty News Report) – Houston hotel developer Bill Franks, in partnership with Trend Hospitality, has entered into a contract to purchase a downtown Austin property for a new hotel development, Franks told the city’s Historic Landmark Commission. The project envisions a 12-story hotel on the former Bartholomew Robinson site at … Read more

Frank Nothaft, chief economist of CoreLogic. HOUSTON — (By Dale King, Realty News Report) — Residents of Houston who have worn face masks, sheltered at home, lost jobs and watched Texas crude oil prices collapse are now confronting another consequence of the COVID-19 crisis: falling home prices. CoreLogic, the global property data and analytics firm, … Read more

The Point West Business Park on Harwin Drive was acquired by NAI Partners Investment Fund III. HOUSTON – NAI Partners Investment Fund III has completed the acquisition of Point West Business Park, a 146,000-square-foot flex industrial property located just south of the Westchase District. The off-market purchase was made from Interra Capital Group. The transaction … Read more

Hines recently completed a 32-story apartment tower on Travis Street in downtown Houston. Photo Credit: Ralph Bivins, Realty News Report. HOUSTON – Aris Market Square, a new 32-story apartment tower developed by Hines in downtown Houston, introduces the city’s first “chef hall.” Located at 409 Travis Street at Preston, just steps from Market Square Park … Read more

ATLANTA – (Realty News Report) – Hines has broken ground on Busch Logistics Park, a 97-acre industrial development featuring two speculative buildings totaling nearly 732,000 square feet of industrial space. Situated in Bartow County, this marks Hines’ first logistics property in the Atlanta region. The two buildings to be developed concurrently are: Building A, which … Read more

Gensler designed the new FlightAware offices in the Eleven Greenway Plaza office building in Houston. HOUSTON — FlightAware, a global aircraft flight-tracking company, has signed a lease for 24,500 square feet at Eleven Greenway Plaza, located inside Houston’s Inner Loop, to serve as its global headquarters. Neil Tofsky, chief executive of Senterra Real Estate Group, … Read more

Woodside Health purchased a medical property in the Cypress area of northwest Houston. HOUSTON – Colliers International brokered the sale of Fairfield Plaza, an 83,000-square-foot multi-tenant medical and retail complex located at 15103 Mason Road in Cypress, northwest Houston. The seller, Radler Limited Partnership, was represented by David Carter of Colliers International. Beth Young, also … Read more