The Petroleum Building, built in 1927, has been transformed into a Cambria hotel. Historic Petroleum Building Reopens as Cambria Hotel Downtown Houston HOUSTON – A 92-year-old downtown landmark has been thoughtfully redeveloped into the 226-room Cambria Hotel Downtown Houston. The property, located at 1314 Texas Avenue, is set to open on August 1 and occupies … Read more
HOUSTON – (Realty News Report) – CBRE has appointed Robert Del’Ve as Managing Director of Project Management. Del’Ve, a leader within CBRE’s Global Workplace Solutions since 2016, will oversee project management operations for the Houston market, including corporate interiors, investor-directed assets, and move management. “Bob’s 30 years of experience focused on sustainable business solutions will … Read more
Lawrence Dean HOUSTON – (By Dale King, Realty News Report) – For the 12 months ending in the first quarter of 2018, Houston remained the second-largest new-home market in the nation, with only Dallas/Fort Worth reporting more housing starts. That strong ranking alone would be notable, but the Metrostudy Housing Webcast – 2Q18 offered several … Read more
The Barvin Group of Houston acquired a 302-unit apartment community in San Antonio. SAN ANTONIO – (Realty News Report) — The Barvin Group, a Houston-based multifamily investment, development and management firm, has purchased the Rivera apartment community located in San Antonio’s Broadway Corridor, an area quickly evolving into a vibrant live-work-play district. The seller was … Read more
The former Anadarko buildings in The Woodlands. THE WOODLANDS – (Realty News Report) – The Howard Hughes Corporation has purchased two former Anadarko office towers in The Woodlands and a 63-acre corporate campus in Houston’s Energy Corridor from Occidental Petroleum for $565 million. The transaction follows Occidental’s $55 billion acquisition of Anadarko Petroleum Corp. last … Read more
HOUSTON – (RNR’s People in Real Estate) – Marcus & Millichap has announced the addition of veteran multifamily investment specialists Greg Austin, Travis Austin, and Jackson Hart to its Houston team. All three previously worked at JLL. Greg Austin joins Marcus & Millichap as Senior Managing Director of Investments, Travis Austin as Senior Associate, and … Read more
Rendering of the proposed Vivacity medical district in northeast Houston. HOUSTON – The Signorelli Company has engaged Transwestern to handle leasing for Vivacity Medical District, a planned 186‑acre medical park within the 1,400‑acre Valley Ranch community in northeast Houston. Transwestern’s team, led by brokers Chris Wadley and Justin Brasell, will oversee marketing and tenant placement … Read more
HOUSTON – (Realty News Report) – Skanska USA Commercial Development held a groundbreaking Thursday for a new 28-story, 375,000-square-foot office tower in downtown Houston adjacent to Discovery Green urban park. Located at 1550 Lamar Street, the tower is scheduled for completion in 2024, according to Skanska. The announcement arrives amid challenges for the Downtown Houston … Read more
Golfer surveys the fairway at a Houston golf course. (Photo by Ralph Bivins, Realty News Report) HOUSTON – A golf course view is a desirable amenity for many homeowners. According to a new university study, having a property adjacent to a golf course can also boost resale value, putting more money in sellers’ pockets. Real … Read more
THE LEGENDS OF REAL ESTATE AWARDS 2016 – Ralph Bivins, editor of Realty News Report, has selected the most significant people, projects, deals and ideas shaping Houston’s real estate market in 2016. These choices are not always the biggest or the first, but they point to future trends, potential opportunities, bold visions and notable accomplishments. … Read more