A panel at the Greater Houston Partnership’s Annual Houston Region Economic Outlook: Eddie Robinson of Houston Public Media; Brad Freels, Chairman, Midway Companies; Nataly Marks, JPMorgan Chase; and David Milich, Texas CEO, UnitedHealthcare. Photo credit: Michelle Leigh Smith. HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Houston’s economy is expected to slow … Read more
Rendering of Marlowe condominium project under construction in downtown Houston. THE LEGENDS OF REAL ESTATE AWARDS 2016 – Ralph Bivins, editor of Realty News Report, has highlighted the most notable people, projects, deals and ideas shaping Houston’s real estate market in 2016. These selections are not necessarily the biggest or the first, but they point … Read more
A St. Louis-based firm purchased a Staybridge Suites hotel near the Texas Medical Center. HOUSTON — St. Louis-based Midas Hospitality has acquired the 120-room Staybridge Suites located near the Texas Medical Center at 9000 South Main. This marks Midas Hospitality’s first purchase in Texas; the company now owns 41 hotels across 14 states. The seller, … Read more
The Holiday Inn Express Missouri City, a new hotel completed in August, has been sold. HOUSTON — New hotels are rising across the city as demand recovers and investors return. Houston currently has 152 hotels in the development pipeline, representing approximately 15,846 rooms, according to Rahul Bijlani, senior vice president of CBRE’s Hotels group. While … Read more
HOUSTON – (RNR Real Estate Briefs from Realty News Report) – Lee & Associates – Houston represented Epic International, LLC in the lease of an 11,375-square-foot industrial building at 21227 Hufsmith-Kohrville Road in Tomball. Mike Spears and Patrick Wolford of Lee & Associates – Houston represented the landlord. Payton Indermuehle with Keen Realty Group represented … Read more
AUSTIN – (Realty News Report) – Houston-based multifamily developer Dinerstein Cos. has sold the 529-unit Infinity Residences at The Triangle in Austin. The buyer, Castle Lanterra Properties of New York, acquired the community for $129 million, according to Real Estate Alert. JLL Capital Markets represented Dinerstein in the transaction for the apartment complex located at … Read more
Cindy Hamann, chair of the Houston Association of Realtors. HOUSTON – Home sales reached a record high in June as 8,414 single-family homes changed hands, the highest monthly total ever recorded in Houston, the Houston Association of Realtors (HAR) reported. “June proved to be another outstanding month for the Houston real estate market, with buyers … Read more
HOUSTON – (Realty News Report) – Las Vegas Sands Corp., a major global casino operator, is preparing to make a significant push into Texas. The company has engaged more than 50 Texas lobbyists to work during the current legislative session in Austin. “Texas, obviously, is an extraordinary market,” Las Vegas Sands Chairman and CEO Rob … Read more
Investor sentiment about Houston was discussed by a ULI Emerging Trends panel recently. From left: Wally Reid of HFF, ULI Global CEO Patrick Phillips, Ric Campo of Camden, Mark Cover of Hines, Hilary Spann of CPPIB and Paul Murphy of Cadence Bank. Photo Credit: Ralph Bivins, Realty News Report. HOUSTON – Fear about Houston’s office … Read more
The office building at 4126 Southwest Freeway will be renamed T-Mobile Tower. HOUSTON – T-Mobile is relocating its Inner Loop offices to a prominent building on Southwest Freeway that will be renamed T-Mobile Tower. The company will occupy three and a half floors—totaling approximately 29,142 square feet—in the 17-story property at 4126 Southwest Freeway near … Read more