Rendering of El Campo warehouse. EL CAMPO, Texas – In June a development team that includes Stonemont Financial Group of Atlanta will begin construction on a 540-acre, rail-served business park in El Campo, roughly 60 miles southwest of Houston. The SW International Gateway Business Park is designed to improve logistics to and from Mexico by … Read more
HOUSTON — (Realty News Report) — Neither snow, ice, nor darkness could stop Houston Realtors from closing deals. Houston home sales rose 1.2 percent in February, even after a disruptive winter storm in mid-February that caused power outages, froze pipes and damaged numerous homes. “The Houston housing market showed resiliency again last month, coming through … Read more
Pineway Business Center has been sold. HOUSTON — NAI Partners has completed the sale of two industrial buildings totaling 54,740 square feet in Pineway Business Park, located at 13230 and 13240 Hempstead Highway in Houston. These properties sit in Northwest Houston, close to Highway 290, a major industrial and warehouse corridor serving the city. In … Read more
HOUSTON – (Realty News Report) – Houston artist David Maldonado has completed a striking mural created with spray paint across six repurposed shipping containers at Midway’s East River site near downtown. Rooted in the character of the nearby Historic Fifth Ward and East End neighborhoods, the East River mural celebrates the bayou’s role as a … Read more
HOUSTON – (RNR) – Lacee Jacobs is vice president of strategic leasing and advisory at Midway, the Houston-based real estate investment and development firm. With nearly a decade of industry experience, she specializes in merchandising and advising national, regional, first-to-market and experiential brands. Before joining Midway, Lacee strengthened CBRE’s leasing team in Houston’s Inner Loop … Read more
The office vacancy rate in the Greenspoint submarket in north Houston increased as Exxon Mobil and other energy firms relocated. HOUSTON – An investment group led by Lincoln Property Company and H.I.G. Realty Partners has purchased Greenspoint Place, a six-building office complex located in the troubled Greenspoint submarket, which currently has the highest office vacancy … Read more
FORT WORTH – (Realty News Report) – Stillwater Capital is developing Stillwater Crystal Springs, a 386-unit apartment community in Fort Worth. JLL Capital Markets arranged both equity and financing for the project. Working on Stillwater Capital’s behalf, the JLL team secured an equity investment from CrossHarbor Capital Partners. JLL also placed a 40-month floating-rate construction … Read more
THE WOODLANDS – (Realty News Report) – Lexicon Pharmaceuticals has leased 25,288 square feet in The Woodlands to establish its new corporate headquarters. After selling its former headquarters campus in The Woodlands to California-based Nurix Therapeutics in late 2020, Lexicon Pharmaceuticals began the search for a new headquarters location. On Tuesday, the company announced it … Read more
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Last week’s intermittent power outages, Internet interruptions and freezing temperatures disrupted Houston businesses and the properties where they operate. The severe weather exposed vulnerabilities in building systems and supply chains, forcing closures, repairs and operational adjustments across the city. Scott Rubenstein of Pipeline Realty, … Read more
HOUSTON – (Realty News Report) – Sueba USA and its affiliated companies have sold three upscale multifamily communities in the Houston metropolitan area, Colliers announced. “The Sueba 3 Portfolio represented a rare opportunity for an investor to acquire three high-end, Class A+ multifamily communities in the dynamic Houston market,” said J. Todd Stewart, Senior Vice … Read more