Rendering of the 48-story Innovation Tower to be developed on Main Street near the Texas Medical Center. HOUSTON – Medistar Corp. will begin construction later this year on Innovation Tower, a 48-story, 1.6 million-square-foot mixed-use development on Main Street adjacent to the Texas Medical Center, according to Transwestern. The project site, at 6700 Main Street, … Read more
Map of 3,400-acre parcel in South Texas. McALLEN, Texas – Laredo-based Killam Development has purchased a 3,400-acre parcel in the Rio Grande Valley for a large master-planned community. The seller was Hunt Valley Development, a company controlled by the family of Ray L. Hunt, son of the late H.L. Hunt, founder of Hunt Oil. NAI … Read more
HOUSTON – (Realty News Report) – Colliers International announced that A&R Logistics, Inc. has leased a 133,333-square-foot tilt-wall distribution warehouse at AmeriPort Industrial Park, located at 703 Logistics Drive South in Baytown. Charles G. Fertitta Jr. represented A&R Logistics, while Robert Alinger represented the developer, National Property Holdings, LP. Grant Walker and Brad Kilbride of … Read more
Charles Hazen TEMPE, Ariz. – (Realty News Report) – A partnership between Transwestern Investment Group and JDM Partners LLC has acquired a 2 million-square-foot corporate campus near Phoenix in a sale-leaseback transaction with State Farm Auto Insurance Company. The 20-acre office campus sits just east of Phoenix, positioned between Arizona State University and Tempe Town … Read more
HOUSTON – (Realty News Report) – The 1801 Smith tower in downtown Houston has been sold, ending a long period of inactivity in the capital markets. The 20-story office building was acquired by John Quinlan, an attorney and investor who also owns the neighboring 500 Jefferson building. The seller was DRA Advisors. The 458,000-square-foot office … Read more
MANVEL, Texas (Realty News Report) — Weitzman, a Dallas-based shopping center developer, broke ground Tuesday on the first phase of its 1 million-square-foot Manvel Town Center, a major retail development south of Houston. Anchored by an H-E-B supermarket, the open-air shopping center will sit at the intersection of Highway 288 and Highway 6. “Manvel Town … Read more
HOUSTON – By Cynthia Lescalleet – (Realty News Report) — People are a powerful design element in today’s built environment, shaping projects across hospitality, healthcare, offices, airports, retail, residential and recreational spaces. As cities rethink their future forms and functions, designers and planners are increasingly prioritizing the “human experience.” Gensler’s Design Forecast 2022 — Resilient … Read more
Bel Furniture will occupy a large distribution center in Katy. KATY, Texas — Bel Furniture is set to open 415,296 square feet of combined showroom and distribution space at the West Ten Distribution Center, located on Interstate 10 at Cane Island Parkway in Katy, just west of Houston. The two-building complex features a 74,793-square-foot showroom … Read more
HOUSTON – (Realty News Report) – Construction is underway on The Business Center at Five Corners, a 542,090-square-foot industrial park located along Beltway 8 in south Houston. The five-building development continues a multi-year trend of robust warehouse construction along the southern portion of Beltway 8. While some refer to this corridor as the “southwest” market, … Read more
HOUSTON – (Realty News Report) – Jonathan Brinsden, longtime CEO of Houston-based real estate developer Midway, has left the company to pursue opportunities on the West Coast. Brinsden, who also serves as ULI Americas Chairman for the Urban Land Institute, had been with Midway for 20 years. Midway Chairman Brad Freels has assumed the CEO … Read more