Construction is starting on a 16-story headquarters tower for the HomeAway vacation home firm. Gensler designed the building. AUSTIN — HomeAway, a major vacation rental company, will relocate its headquarters and roughly 2,000 employees into a new 16-story office tower planned for The Domain, Austin’s mixed-use development. The 315,000-square-foot tower is a joint project led … Read more
Princeton Medical Arts Pavilion HOUSTON – Heitman LLC, a global real estate investment management firm, has acquired a 1.4 million-square-foot medical office portfolio that includes four properties in the Houston area and three in San Antonio. The 17 buildings, collectively known as the PHT Portfolio, span seven states and were sold by Bentall Kennedy on … Read more
Mayor Sylvester Turner, Tilman Fertitta and Police Chief Art Acevedo are shown along with Paige and Patrick Fertitta and HPD officers at the groundbreaking ceremony Monday for the Tilman Fertitta Family Tactical Training Center. (Photo by Dave Rossman) HOUSTON – (By Dale King, Realty News Report) – City officials broke ground on a new police … Read more
MISSOURI CITY – (Realty News Report) – Trammell Crow Company, in partnership with Artis REIT, a Canadian real estate investment trust, has broken ground on a 676,860-square-foot speculative industrial project within the Park 8Ninety development on Houston’s southwest side. The new construction marks the fifth and final phase of the 129-acre, master-planned Park 8Ninety business … Read more
Ralph Bivins, Editor of Realty News Report, a Texas publication. HOUSTON – (Commentary by Ralph Bivins) – Houston has long been a center of innovation and entrepreneurial energy. The city has produced notable innovators—from computer entrepreneur Michael Dell and fracking pioneer George P. Mitchell to Jeff Bezos, who attended Houston Independent School District before founding … Read more
HOUSTON – (RNR Real Estate Briefs from Realty News Report) – Stonelake Capital Partners has purchased a 238,000-square-foot last-mile warehouse facility leased by Amazon in the Energy Corridor of west Houston. The seller was a joint venture between Transwestern Development Company and UBS Realty Investors. The JLL capital markets team of Rusty Tamlyn, Trent Agnew … Read more
Matt Damborsky of Skanska HOUSTON – (By Ralph Bivins of Realty News Report) – Skanska Commercial Development has acquired 3.5 acres near Discovery Green for $55 million, setting the stage for a major mixed-use project in downtown Houston. The purchase covers four downtown parcels currently used as surface parking near Dallas, Lamar and LaBranch streets, … Read more
HOUSTON – (Realty News Report) – Wan Bridge, a Texas-based developer specializing in build-to-rent communities, is developing Lakeside Conroe along the shores of Lake Conroe, north of Houston in Montgomery County. The community will feature 169 single-family detached homes and 140 duplex units, with homes ranging from approximately 1,979 to 2,426 square feet. Several residences … Read more
Bruce Rutherford, head of JLL’s global energy practice. HOUSTON – (By Kyle Hagerty for Realty News Report) – Houston’s office market, long weakened by falling oil prices, is showing clear signs of recovery as drillers raise production and oil prices climb. However, a full recovery for Houston depends on a rebound in offshore activity, which … Read more
Trey Odom PASADENA, Texas – Avera Cos. has announced plans to develop a 148,000-square-foot distribution facility on an 11.8-acre parcel at the intersection of Highway 225 and Red Bluff Road in Pasadena, on Houston’s southeast side. The site was recently acquired by Avera and will serve the growing logistics demand in the area. Headquartered in … Read more