84-Acre Tract Sold. The Village at Katy. HOUSTON – A partnership led by Vincent Giammalva of Giammalva Properties has acquired an 84-acre tract along Interstate 10, just west of the Grand Parkway, in one of the most notable land transactions of 2018. Bill Byrd and Barkley Peschel of Colliers International represented the seller, Masaud Baaba, … Read more
BEVERLY HILLS, Calif. – (Realty News Report) – The historic Hearst Estate, whose exterior appeared in the film “The Godfather,” has sold at a courtroom auction for $63.1 million. Bidding began at $48 million and advanced in $100,000 increments until billionaire investor and philanthropist Nicolas Berggruen emerged as the winning bidder. Often dubbed the “homeless … Read more
NAR Chief Economist Lawrence Yun. Photo credit Ralph Bivins, Realty News Report. HOUSTON – (Realty News Report) – Sellers largely stayed away from the Houston housing market in April, reflecting a nationwide pullback brought on by the spread of Covid-19. New listings in the Houston area totaled just 9,724 in April, a 27.6 percent decline … Read more
HOUSTON — (Realty News Report) — Colliers International reports that 26 industrial buildings are currently under construction in Fort Bend County, on the southwest side of the Houston metropolitan area. In recent years, several large distribution facilities have been developed near Highway 90 and the Sam Houston Parkway (Beltway 8) within Fort Bend County. Colliers … Read more
The 600 Travis building is the tallest building in Texas. HOUSTON – (Realty News Report) – Colvill Office Properties has completed a lease renewal with Hunton Andrews Kurth for 134,763 square feet at 600 Travis, the 75‑story Class A office tower in Houston’s Central Business District. Developed and managed by Hines, the tower remains one … Read more
Ric Campo, Camden CEO and Houston civic leader. HOUSTON – With new multifamily projects taking shape, proposed office towers and expanding green space, downtown Houston has transformed significantly in recent years. One of the leaders behind much of this change is Ric Campo, CEO of Camden Property Trust. During a dozen years as chairman of … Read more
HOUSTON – (Realty News Report) – First Industrial Realty Trust has begun development of First Liberty Logistics Center, a 424,560-square-foot warehouse in Northeast Houston. The company expects to deliver the project in the third quarter of 2025, with a total estimated investment of $44.3 million. Located at 8251 Liberty Road, the site offers quick access … Read more
General Motors bought this Austin building from Karlin. AUSTIN – Karlin Real Estate has sold a 302,604-square-foot industrial facility at 13201 McCallen Pass in north-central Austin to General Motors. The property sits within Sector 6, the initial phase of a 400-acre master-planned technology and office park developed by Los Angeles-based Karlin in partnership with Dallas-based … Read more
HOUSTON – (Realty News Report) – Satya, a Houston-based commercial real estate firm, has purchased one of the few remaining high-rise development parcels near the western end of the Galveston Seawall. The 2.86-acre property sits adjacent to the Diamond Beach Resort, a condominium complex developed by residential builder Randall Davis. Satya’s Houston development portfolio includes … Read more
The Luxe at Katy apartments have been acquired by a San Antonio group. HOUSTON — Valcap Group has acquired a 352-unit multifamily community in Katy, west of Houston, in an off-market deal, CBRE reported. The property, formerly The Remington Katy and now operating as Luxe at Katy Apartments, is located at 22631 Colonial Parkway. Matt … Read more