Rendering of 650 Main building under development in Utah by Patrinely Group and USAA. SALT LAKE CITY – A joint development by Patrinely Group and USAA Real Estate is planning a 10-story, 326,000-square-foot office tower at 650 Main Street in downtown Salt Lake City, Utah. EnerBank USA, a national consumer lender, has signed to occupy … Read more

Artavia site plan phase one includes homes on lots as small as 50 by 125 feet up to lots measuring 70 by 130 feet. The estimated build-out value is $2.4 billion. Commercial reserve land will have frontage on State Highway 242. CONROE, Texas – AIRIA Development Co., the builder behind Aliana in Fort Bend County, … Read more

Spencer Levy, CBRE Head of Research, the Americas. HOUSTON – Most of Houston’s office buildings avoided major damage from Hurricane Harvey, with flood losses concentrated primarily in West Houston, Allen Parkway, the West Loop/Galleria area, and the FM 1960/Highway 249 corridors, according to an analysis by global commercial real estate firm CBRE. Of the roughly … Read more

HOUSTON – (Realty News Report) – Adkisson Group has acquired a 158,700-square-foot manufacturing campus at 6500 Brittmoore Road in northwest Houston. The campus spans more than 13 acres and includes eight manufacturing buildings designed for heavy industrial use. Robert McGee, Thomas Leger and Chase Cribbs of Lee & Associates – Houston represented Adkisson Group in … Read more

HOUSTON – (Realty News Report) – Despite rising lumber costs, Hines is expanding its mass timber office program rather than retreating from it. The global developer currently has two T3 (Timber, Transit and Technology) buildings under construction, two completed projects, and roughly 20 additional wood-built developments in the pipeline across North America and internationally. Hines’ … Read more

CYPRESS, Texas – (Realty News Report) – NAI Partners facilitated the acquisition of the Misfit Outpost craft brewery at 16602 Cypress Rosehill Road in Cypress, the former home of The Shack Burger Resort. Misfit Outpost is the latest addition to a wave of recent brewery openings across the Houston area. Misfit Outpost, a collaboration between … Read more

Jimmy Board HOUSTON – (Realty News Report) – Rand Stephens, Principal and Managing Director of Avison Young’s Houston office, announced the strategic hiring of Jimmy Board as Principal, Capital Markets in Houston. Board, who specializes in debt and equity, will expand the firm’s capital markets service line. He joins Avison Young from JLL. John Kevill, … Read more

Rendering of 405 Colorado tower in Austin by Duda Paine Architects. AUSTIN – CBRE has been retained by Brandywine Realty Trust to lease a planned 25-story office tower at 405 Colorado, a project that will deliver approximately 200,000 square feet of office space. The proposed building will feature a grand first-floor lobby, roughly 3,000 square … Read more

Hanover Rice Village HOUSTON — Holliday Fenoglio Fowler (HFF) arranged fixed-rate financing for Hanover Rice Village, a 379-unit apartment community located near Rice University in Houston. HFF acted exclusively for the borrower, The Hanover Company, a Houston-based multifamily developer, and secured a 10-year fixed-rate loan through an agency lender. The Harris County Appraisal District valued … Read more

Ryan Epstein HOUSTON (By Dale King) – Apartment demand in the Houston metropolitan area strengthened in early 2017, according to a multifamily housing report. Residents leased a substantial number of units during the first quarter, producing a net absorption of 4,916 apartments — surpassing the 4,423 units absorbed during all of 2016, per Berkadia’s Q1 … Read more