HOUSTON – (Realty News Report) – Houston’s office vacancy rate continued to climb as a downturn in the energy sector, coupled with the effects of the COVID-19 pandemic, prompted many companies to reduce or vacate office space. According to a report from Houston-based commercial real estate firm NAI Partners, Houston’s office vacancy rate reached 23.4 … Read more
RICHARDSON, Texas – (Realty News Report) – Thoma Bravo, a leading private equity firm, has agreed to acquire RealPage, Inc., a Texas-based provider of apartment data and property management software, in a transaction valued at approximately $9.6 billion. Headquartered in Richardson, near Dallas, RealPage is a well-known name in the multifamily housing industry for its … Read more
Rendering of Caydon’s 27-story tower, which is under construction in Midtown. Architecture by Ziegler Cooper. Photo credit: Caydon Property via Lovewell Creative. HOUSTON – Australian developer Caydon Property Group has unveiled plans for Laneways, a 2.5 million-square-foot mixed-use development in Midtown Houston near the intersection of Drew and Dennis streets. Spanning 3.5 acres, the project … Read more
A group led by Houston Astros owner Jim Crane purchased a Florida office building for conversion into a hotel. The new Astros stadium in Florida opens with its first game on Tuesday. WEST PALM BEACH, Fla. — Houston Baseball Partners LLC, led by Houston Astros owner Jim Crane, has purchased a vacant office building in … Read more
HOUSTON – (Realty News Report) – A joint venture between Patrinely Group, USAA Real Estate and CDC Houston has topped out construction on Hewlett Packard Enterprise’s new campus in CityPlace, the urban and commercial center of Springwoods Village, a 2,000‑acre master‑planned community in north Houston. The HPE campus marks the fifth major corporate headquarters to … Read more
Jim Tainter HOUSTON – (Realty News Report) – Agellan Management Limited Partnership has appointed NAI Partners’ Landlord Services Division as the exclusive managing agent for its industrial portfolio in the Tampa and Sarasota, Florida areas. This marks NAI Partners’ first property management engagement outside the state of Texas. The portfolio comprises three industrial facilities totaling … Read more
HOUSTON – (Realty News Report) – St. Martin’s Episcopal Church, attended for many years by the late President George H.W. Bush and First Lady Barbara Bush, has completed a $66 million construction and improvements program that unfolded over five years. Largest Episcopal Church in the Nation Located in the Memorial/Tanglewood area just north of the … Read more
(RNR’s People in Real Estate) DALLAS – Colliers International has hired noted industry professional Sara Terry to lead Colliers’ Dallas–Fort Worth Office Agency Leasing Group. Terry brings more than 20 years of commercial real estate experience to Colliers, including property management, landlord and tenant representation, and construction management. She previously served as Senior Vice President … Read more
HOUSTON – (Realty News Report) – WeWork has retained Transwestern Real Estate Services as part of a broader strategy to attract midsize and larger corporate tenants to its flexible office locations. “While WeWork will remain a home for anyone looking for a single desk, we are dedicated to accommodating the needs of midsize to larger … Read more
HOUSTON – (Realty News Report) – Russell Ingrum, a veteran commercial real estate broker who has overseen the sale of multiple Houston skyscrapers, has been appointed by CBRE to lead office institutional investment sales for CBRE Capital Markets in Texas. Ingrum, who has sold more than $4 billion in Houston office properties, is relocating to … Read more