Northwood Plaza Shopping Center Sells for Undisclosed Amount

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Northwood Plaza Photo credit: Mabry Campbell HOUSTON – Northwood Plaza, a 136,747-square-foot grocery-anchored retail center in northeast Houston, has been acquired by North Wood Plaza Investors, LLC, managed by Alan Schnur. The HFF team marketed the asset on behalf of seller Brixmor Property Group and also arranged a fixed-rate loan through Amerant Bank (formerly Mercantil … Read more

Houston Home Sales Rise Again in January — Market Momentum Continues

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HOUSTON – Building on the strongest year ever for home sales in Houston, the market continued its positive momentum in January 2017 as single-family home transactions increased. The Houston Association of Realtors reported 4,080 single-family homes sold in January, a 1.7 percent rise from the 4,011 homes sold in January 2016. Last month was the … Read more

New York Investor Group Acquires Houston Office Tower

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HOUSTON – (Realty News Report) – Group RMC, a New York–based investment firm, has purchased a prominent office tower on Westheimer Road, just west of The Galleria. The 22-story, 491,092-square-foot building sits on the north side of Westheimer at Bering Drive. Originally known as MCO Plaza and One Westheimer Plaza, the tower underwent a significant … Read more

Hines Breaks Ground on Toronto Mass Timber Building

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TORONTO – (Realty News Report) – Hines, the Houston-based international real estate firm, has started speculative construction on the timber-framed office component of its Bayside Toronto waterfront master-planned community. The sustainable development will be known as T3 Bayside — T3 standing for Timber, Talent and Technology. “I am proud that our city is supporting projects … Read more

Update: The Star’s Retail Space in the Historic Texaco Building

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Exterior of The Star, a redevelopment of the historic Texaco building in downtown Houston. HOUSTON – CBRE has been appointed exclusive retail leasing agent for The Star, the residential high-rise redevelopment located at 1111 Rusk in downtown Houston. The 1915 Texaco Building has been transformed into 286 apartments with 26,170 square feet of retail space. … Read more

Houston Home Sales Jump in February: Market Trends & What Buyers Need to Know

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Amy Bernstein HOUSTON – (Realty News Report) – Houston’s housing market started 2018 with strong momentum, as the Houston Association of Realtors reported a record 5,260 single-family home sales in February. That mark represents the strongest February on record for the market and the first time sales in that month have surpassed 5,000. Sales were … Read more

IBM Cancels Hines Lease, Moves Into Former Facebook Office Space

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AUSTIN – (Realty News Report) – IBM and Hines have mutually ended a planned lease that would have made IBM the anchor tenant for a new 507,200-square-foot office development Hines proposed in The Domain, a major mixed-use district in Austin’s northern suburbs. Rather than moving into the proposed Hines building, IBM has taken a 320,000-square-foot … Read more

Jack Flemming Named NAREE Board President for 2026

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MIAMI – Jack Flemming, a reporter who covers luxury homes and broader real estate topics for the Los Angeles Times and an active volunteer and board member with the National Association of Real Estate Editors (NAREE), has been elected and installed as NAREE’s president for 2026. Jack Flemming An experienced panel moderator, Flemming will lead … Read more

Texas Million-Dollar Home Sales Surge 90% This Year

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HOUSTON – (By Dale King, Realty News Report) – The number of homes in Texas selling for $1 million or more rose dramatically in the 12-month period ending in October, according to the 2021 Texas Luxury Home Sales Report released by Texas Realtors. Statewide, luxury home sales jumped 89.6 percent compared with the previous year. … Read more