GALVESTON — (Realty News Report) – The historic Hotel Galvez has been renamed the Grand Galvez Resort & Spa under new ownership. The 200-room hotel, which opened in 1911, sits along Seawall Boulevard directly across from the Gulf of Mexico near 20th Street. Dallas hotelier Mark Wyant, through Seawall Hospitality LLC, recently completed the purchase … Read more

Jon Silberman, NAI Partners HOUSTON – The Houston office market remains stalled. As oil prices fluctuate, commercial real estate in the Bayou City continues to react. Developers, tenants and brokers alike wish they knew exactly when the bottom would arrive. To get a clearer picture of the current market, Realty News Report spoke with Jon … Read more

Rendering of HCA training facility under development in Pearland. PEARLAND – HCA Houston Healthcare has broken ground on the HCA Healthcare Center for Clinical Advancement, a new, state-of-the-art training center designed to advance clinical education for its workforce. NAI Partners representatives Griff Bandy, Partner, and Joe Bright, Senior Associate, negotiated the transaction for the 48,400-square-foot … Read more

HOUSTON — (Realty News Report) – GreenStreet, a mixed-use development in downtown Houston, has earned Fitwel certification in recognition of the property’s health and wellness features. Spanning four city blocks near Dallas and Fannin streets, GreenStreet fronts the METRO Rail Line along Main Street on its western edge, providing strong access to public transit. GreenStreet … Read more

AUSTIN – (Realty News Report) – Tishman Speyer, a prominent Manhattan-based developer, has entered the Austin market with the acquisition of The Foundry office complex in East Austin. Tishman Speyer, known for owning Rockefeller Center in New York, has holdings across 28 major markets in the United States, Europe, Asia and Latin America. “This is … Read more

Rendering of the Alta West Alabama apartments, which are under construction by Wood Partners in Houston’s Inner Loop. HOUSTON – (Realty News Report) – Nearly 20,000 apartment units are currently under construction across the Houston area as strong economic conditions continue, with robust job growth and low unemployment. CBRE reports that 19,922 multifamily units are … Read more

Allen Crosswell PEARLAND, Texas – Houston developer Allen Crosswell, managing principal of NewQuest Crosswell, has completed the purchase of the remaining commercial tracts in Shadow Creek Ranch, the 3,300-acre master-planned community that is now nearing completion. In the transaction, a partnership led by Crosswell acquired the final 63 acres of commercial reserves in Shadow Creek … Read more

Robbie Kilcrease HOUSTON – (By Kyle Hagerty for Realty News Report) – Houston’s retail real estate market appears to be as strong as it has ever been. CBRE reported that 2019 was among the strongest years on record for Houston retail, with occupancy remaining high despite substantial new construction. Approximately 4.4 million square feet of … Read more

Rick Haughey, NMHC HOUSTON – (By Dale King, Realty News Report) – If you live in an apartment building, expect a surge of delivery trucks in your neighborhood this holiday season. Doorbells will ring more often, delivery drivers will be knocking more frequently, and package activity will increase across multifamily communities. Just ahead of the … Read more

Mike Spears HOUSTON – (Realty News Report) – Houston’s industrial real estate market remains strong, driven by several factors, including a rise in e-commerce distribution centers and logistics facilities. According to Colliers International’s second-quarter 2018 industrial report, more than 12.3 million square feet of industrial space was under construction, much of it intended for distribution … Read more