HOUSTON – (By Dale King, Realty News Report) — The nation’s rental housing market has long prioritized upscale units that attract millennials and Generation Z, but finding larger, affordable multifamily homes suitable for families remains a widespread challenge. Family renter households represent a significant yet often overlooked segment of the American housing landscape, according to … Read more
Trey Odom, CEO of Avera Cos. HOUSTON — Avera Construction has begun work on a new 30,000-square-foot warehouse located on a 7.2-acre site in Deer Park, just under 10 miles from the Port of Houston. The project is a design-build contract for Atlas Copco Rental LLC, the Swedish manufacturer of industrial tools and equipment. The … Read more
Dan Bellow, leader of JLL’s Houston operations. CHICAGO – Jones Lang LaSalle Incorporated (JLL) and HFF, Inc. have announced a definitive agreement under which JLL will acquire all outstanding shares of HFF in a transaction valued at approximately $2 billion. Both companies maintain strong footprints in Houston and are prominent participants in capital markets and … Read more
Beltway 225 HOUSTON – (Realty News Report) – United Equities has completed leases for Phase 1 of its new Beltway-225 Business Park, located along Beltway 8 in Pasadena. “There has been steady demand for high-quality industrial space in Houston,” said Doug Freedman, Vice President of United Equities. “We’re proud to deliver speculative developments that offer … Read more
GRUENE, Texas – (Realty News Report) – Gruene Hall, long recognized as the oldest dance hall in Texas, will soon have a new, contemporary neighbor. San Antonio-based multifamily developer Embrey Partners is expanding into the rapidly growing single-family for-rent market with a planned community in the historic Gruene neighborhood near New Braunfels. A Short Walk … Read more
HOUSTON – (Realty News Report) – Gulf South Pipeline has signed a long-term lease extension for its 98,616-square-foot headquarters at Greenway Plaza, located inside Houston’s Inner Loop near Buffalo Speedway. Gulf South Pipeline, which transports natural gas from major shale formations, occupies space in Nine Greenway Plaza, a 31-story tower totaling 746,824 square feet. The … Read more
AUSTIN – (Realty News Report) – Texas home builders say the show will go on. The Texas Association of Builders has confirmed its annual Sunbelt Builders Show will take place as scheduled, July 14–17, at the Gaylord Texan hotel in Grapevine, near Dallas. “TEXAS IS OPEN AND THE SHOW IS A GO!” the association declared … Read more
Tarhong Properties purchased a building in Stafford, on the southwest side of Houston. Photo: Colliers International. STAFFORD, Texas — Capital Plastics International has sold its 70,000-square-foot office and distribution facility on Cash Road in Stafford to Tarhong Properties. Jim Pratt and Trey Erwin of Colliers International represented Capital Plastics in the transaction. Michael Brent, based … Read more
HOUSTON — (Realty News Report) – The historic Jones on Main office tower has received Fitwel certification for healthy buildings, becoming the second property in Texas to earn this recognition. Fitwel has grown in importance within the real estate sector over the past year as the COVID-19 pandemic underscored the need for safer, healthier workplace … Read more
HOUSTON – (Realty News Report) – Kimco Realty of New York is acquiring Weingarten Realty Investors, the shopping center developer that originated as an offshoot of the former Weingarten’s grocery chain in Houston. Kimco Realty will pay $3.9 billion in a combination of cash and stock to acquire Weingarten Realty, which owns 159 properties totaling … Read more