AUSTIN – (Realty News Report) – Austin ranks No. 1 and Dallas No. 2 as the top targets for commercial real estate investment among U.S. metropolitan areas, according to CBRE’s 2021 Americas Investor Intentions Survey. “Austin has become the clear darling of investors in the post-pandemic world,” said Russell Ingrum, vice chairman with CBRE. “What … Read more
RENDERING: Embrey Multifamily Community at Historic Borden Property. SAN ANTONIO – Embrey Partners, a San Antonio-based multifamily developer, has secured financing to build 338 apartment units next to the redevelopment of the historic Borden Creamery property in San Antonio. Wells Fargo is providing financing for the Embrey project, which will sit near U.S. Highway 281 … Read more
John Morris HOUSTON – (Realty News Report) – America’s warehouses are feeling the aftereffects of the e-commerce surge. According to a new CBRE report, January 2 is projected to be the peak day for holiday returns, with an estimated 1.9 million packages being shipped back from customers to retailers on that single day. These returns … Read more
By Dale King, Realty News Report – International home buying activity in the United States declined by five percent in the 12 months ending March 2020, and the coronavirus pandemic may further dampen purchases by foreign buyers amid an already tight housing inventory. According to the National Association of Realtors (NAR), international buyers purchased $74 … Read more
Realty News Report Editor Ralph Bivins is the 2018 Winner of the National Association of Real Estate Editors’ Gold Award for Best Column. HOUSTON – (Commentary by Ralph Bivins of Realty News Report) – Last year, more than 10 million visitors came to the Vieux Carré, the historic district founded in 1718. Fewer than 4,000 … Read more
Houston’s oldest house, the Kellum-Noble House (circa 1847), stands on its original site in downtown Houston. Bricks were made from mud taken from nearby Buffalo Bayou. Photo credit: Cynthia Lescalleet. HOUSTON – (By Cynthia Lescalleet for Realty News Report) – After a $1.8 million stabilization and preservation effort, Houston’s oldest residence is reopening to the … Read more
A fiery five-hour City Hall confrontation. Affluent Bellaire residents in matching slogan T-shirts. Distrust. Anger. Accusations. At issue: 30 acres of prime property along the West Loop. On the open market, the tract could support a mixed-use project capable of competing with Gerald Hines’ Galleria just a mile or two away. Acquired last year by … Read more
Rendering of future Regent Square by GID Development Group. HOUSTON – GID Development Group has broken ground on a mixed-use Phase 2 at Regent Square: 50,000 square feet of retail space and 600 multifamily units inside the Inner Loop of Houston. The project sits near West Dallas and Dunlavy streets, just south of Buffalo Bayou … Read more
Rendering of Skanska’s Bank of America Tower, designed by Gensler. HOUSTON – California State Teachers’ Retirement System (CalSTRS) has agreed to acquire the Bank of America Tower from Skanska for $542 million, or roughly $695 per square foot, marking a record price per square foot for an office building in Houston, according to Real Estate … Read more
Offices at Pin Oak Park BELLAIRE, Texas – A portfolio of five office buildings totaling approximately 505,000 square feet near Loop 610 in Bellaire has been acquired by Norvin Healthcare Properties, based in New York. The seller was a joint venture between Investcorp and Griffin Partners of Houston. Known as the Offices at Pin Oak … Read more