LEANDER, Texas – (Realty News Report) – In one of the nation’s fastest-growing cities, Trendmaker Homes has launched a new neighborhood within the Bryson master-planned community, owned and developed by Houston-based Johnson Development. “Austin is projected to become the 10th most populous city in the United States next year, and its northern suburbs are experiencing … Read more

Rendering of new exterior of Marathon Oil Tower, 5555 San Felipe. HOUSTON – The 41-story, 1.2 million square-foot Marathon Oil Tower in Uptown Houston will undergo a comprehensive renovation, according to Madison Marquette, the leasing firm for the property. Marathon Oil plans to relocate from the tower into a new 500,000-square-foot building to be developed … Read more

HOUSTON – The next phase of Glenwood Cemetery’s long-term revitalization will break ground in early November on a new 14,000-square-foot multi-use center. The facility will support receptions, archives and genealogy research and education, daily operations, and — finally — much-needed parking. The Center for Glenwood Cemetery will be built on the cemetery’s northeast edge, adjacent … Read more

WASHINGTON, D.C. – (By Dale King Realty News Report) – Sales of existing homes ticked up modestly in July, breaking a four-month streak of declines and offering a tentative sign that market conditions may be stabilizing, according to an analysis released this week by the National Association of Realtors (NAR). Total existing-home sales — a … Read more

Patty Bender, partner, Vista Private Equity Group HOUSTON – Patty Bender, a longtime Houston executive in the shopping center industry, joined Vista Private Equity Group as a partner after a 33-year career with Weingarten Realty Investors. Vista Equities Group is part of the Vista Companies, a Houston-based real estate services organization led by veteran Texas … Read more

20 Greenway Plaza in Houston has been acquired by a California group. HOUSTON – (Realty News Report) – Los Angeles-based Stockdale Capital Partners has acquired 20 Greenway Plaza, a 433,132-square-foot Class A “creative” office building located inside Houston’s Inner Loop. HFF represented the seller, Principal Real Estate Investors, and procured the buyer. HFF also arranged … Read more

Jason Presley HOUSTON – (Realty News Report) – Sage Plaza, a 25-story office tower in Houston’s Uptown/Galleria submarket, has signed two new tenants, CBRE announced. The 531,000-square-foot Sage Plaza, located at 5151 San Felipe at Sage Road, was completed in 1983. Jason Presley and Debbie Wilson of CBRE’s Houston office represented the building owner, Granite … Read more

HOUSTON—(Realty News Report) — CBRE has arranged financing for the acquisition of the Hotel Indigo Houston at the Galleria, a 131-room property situated in Houston’s Uptown submarket. The financing was secured on behalf of the buyer, Driftwood Capital, a Miami-based commercial real estate firm. Constructed in 2001 and renovated in 2009, the Hotel Indigo is … Read more

RNR Real Estate Briefs from Realty News Report –HOUSTON – TBK CPA PLLC has leased 12,000 sq. ft. of office space at 5718 Westheimer Road. The firm is relocating from 2603 Augusta to the new Westheimer location. CBRE’s Marilyn Guion, Parker Duffie and Joel Douthit represented the landlord, 5718 Westheimer Road Investors LP, while Phillip … Read more

NAR Chief Economist Lawrence Yun speaks to journalists in Boston. Photo credit: Ralph Bivins, Realty News Report BOSTON – (Realty News Report) – Mortgage rates are likely to rise in 2019, but a recession within the next 12 to 18 months does not appear likely, said Lawrence Yun, chief economist for the National Association of … Read more