HOUSTON – (By Dale King, Realty News Report) – New research from real estate professors at Florida Atlantic University and Florida International University finds that home prices in many U.S. metropolitan areas are significantly overvalued and present heightened risk for buyers. Which markets are most overvalued? Austin and Boise, Idaho — two preferred destinations for … Read more
The 60-story Fountain Place in downtown Dallas. DALLAS – After more than three decades, one of Dallas’s most recognizable buildings is being reimagined, and its transformation offers practical lessons for commercial property owners and developers across Texas. Atlanta-based Goddard Investment Group is investing $70 million to renovate Fountain Place, the 60-story, 1.2 million-square-foot tower known … Read more
HOUSTON – (Realty News Report) – A joint venture led by Matthew Morgan, Kevin Kirton and Carlos Enrique Gonzalez of Buckhead Investment Partners, together with Zane Segal of Zane Segal Projects, is developing Arista Riverstone, a 142-unit active adult apartment community near Sugar Land, Texas. Situated at 18401 University Blvd. within the Riverstone master-planned community … Read more
FORT WORTH – (Realty News Report) – LGI Homes, a Houston-based homebuilder, has purchased 389 acres in west Fort Worth to build a master-planned community featuring 1,225 single-family homes. LGI Homes, ranked by Builder magazine as the 10th-largest homebuilder in the United States, said the first phase of the development will be released in the … Read more
CONCORD, Calif. – Hines, together with investment partner MetLife Investment Management, has begun construction on The Grant, a mixed-use development featuring 228 apartment homes in northern California. Hines and MetLife are developing The Grant multifamily project in California. Design: Architects Orange. Located on two adjacent blocks in downtown Concord, the project sits within walking distance … Read more
Rendering of 2 Houston Center planned by Brookfield Properties. Architecture: Gensler HOUSTON – The global architecture firm Gensler has signed a lease for 45,000 square feet at 2 Houston Center, part of a comprehensive renovation led by owner Brookfield Properties. Gensler will relocate from its current 65,000-square-foot office at Pennzoil Place, the notable 1975 project … Read more
MD Anderson at The Woodlands THE WOODLANDS – An affiliate of Chicago-based Harrison Street Real Estate has purchased a medical office building occupied by MD Anderson Cancer Center for $115 million. The 208,000-square-foot property at 100 Fellowship Drive, located near Highway 242, was sold by Howard Hughes Corp., the master-planned community’s developer. Paul Layne, CEO … Read more
Jason Gaines HOUSTON – (Realty News Report) – With the surge in online shopping, many predicted the downfall of traditional retail: brick-and-mortar stores would disappear while e-commerce took over. That widespread prediction has yet to materialize. To better understand why—and to assess the current health of Houston’s retail real estate market—Realty News Report spoke with … Read more
West Mon Plaza is opening on Westheimer Road, near Montrose Boulevard. Photo credit: Ralph Bivins, Realty News Report HOUSTON — A new retail strip is being built on Lower Westheimer at the site of the former Ruggles Grill. The 6,500-square-foot development, named West Mon Plaza, is nearing completion. It sits in the 900 block of … Read more
Houston’s Eldridge Place complex is among the properties facing storm damage in the Energy Corridor. HOUSTON — Office buildings in the Energy Corridor, a major business district in west Houston, suffered high water and flooding following Hurricane Harvey. Floodwaters have impacted numerous streets across the district, and assessments of property damage are ongoing. Eldridge Place, … Read more