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
Rusty Tamlyn HOUSTON — Exeter Property Group, an investment management firm headquartered in Conshohocken, Pennsylvania, has completed the acquisition of Bammel Business Park, a five-building industrial campus in northwest Houston. Located on 14 acres along the North Sam Houston Parkway West (Beltway 8), the property totals approximately 246,000 square feet. Its strategic placement offers direct … Read more
Chip Colvill HOUSTON – The co-working movement is making a strong entrance into the Houston office market, according to Chip Colvill, president of Colvill Office Properties. Major co-working operators such as WeWork, TechSpace and Regus have been evaluating Houston and are prepared to lease large blocks of space to establish co-working locations. These shared-office concepts … Read more
RNR Real Estate Briefs from Realty News Report — SPRING, Texas — Patrinely Group, LLC, managing member of the joint venture with USAA Real Estate and CDC Houston developing CityPlace, announced that Caliber Solutions and Continental Land & Fur Co., Inc. have signed leases at CityPlace 1, 1700 City Plaza Drive, Spring, Texas. CityPlace 1, … Read more
HOUSTON – (Realty News Report) – The energy sector is weighing heavily on Houston’s office market. Industry experts at NAI Partners report that the citywide office vacancy rate has climbed to a 20-year high, with more than 22 percent of office space now vacant as companies in oil and gas consider further cutbacks. “The oil … Read more
The Hub retail and restaurant level at Greenway Plaza has added WellSmiles as a tenant. HOUSTON – The Hub, the retail, restaurant, and service core of the Greenway Plaza complex, will welcome a full-service dental wellness practice. WellSmiles at Greenway Plaza is scheduled to open in fall 2019. Construction is underway on the approximately 2,000-square-foot … Read more
The Broad Ocean building west of Houston has been acquired by Sealy & Co. Architecture: Powers Brown HOUSTON – An affiliate of Sealy & Co., an industrial and commercial real estate firm, has acquired a 479,806-square-foot distribution warehouse on the west side of the Houston metropolitan area. The facility is leased to Broad Ocean, a … Read more
FULSHEAR, Texas – Alder Mesa Holdings has broken ground on Alders at Cross Creek, a new senior living apartment community located in Cross Creek Ranch on Houston’s west side. The development will feature 172 one- and two-bedroom apartment homes for residents aged 62 and older. Pre-leasing is expected to begin in mid-2022, with the community … Read more
Tom Havron HOUSTON – (Realty News Report) – Three new retail tenants—Fusion Eats, Green Lane Co., and Michael Saldana Salon—have signed leases at Greenway Plaza, a prominent mixed-use development inside Houston’s Inner Loop. Greenway Plaza covers 52 acres and includes 11 office buildings totaling approximately 4.9 million square feet, along with supporting retail and amenities … Read more
HOUSTON – (Realty News Report) – Kajani Capital Group has purchased a 13.25-acre parcel in North Houston for development of a new multifamily community. Apartment construction continues to be robust in the Houston metro area. RentCafé, a national apartment search site, projects the region will complete about 15,760 new apartment units this year—roughly 12 percent … Read more