HOUSTON – (Michelle Leigh Smith for Realty News Report) – Homebuyers, feeling the pressure of a tight market, are increasingly paying more than the asking price to secure homes. During the four-week period ending March 21, Redfin reported that a record 39 percent of homes listed on MLS sold for more than their list price. … Read more

RNR Real Estate Briefs from Realty News Report – HOUSTON – Colliers completed the sale of 1314 West Sam Houston Parkway, a 64,846-square-foot industrial building located along Beltway 8, just north of Interstate 10. The property is occupied by Critical Rental Solutions under a long-term net lease. Todd Moore of Colliers represented the seller. “We … Read more

HOUSTON – (Realty News Report) – NewRez LLC, a national mortgage lending and servicing company, has signed a long-term lease for 60,188 square feet of office space at 17000 Katy Freeway in the Energy Corridor of west Houston. Transwestern’s Executive Vice President Eric Anderson and Vice President Parker Burkett provided agency leasing services on behalf … Read more

The East Mile High Ranch near Sierra Blanca was marketed in 2019. It is an hour’s drive from El Paso. HOUSTON – (By Dale King, Realty News Report) – Country Homes: Coronavirus Spurs Massive Interest During the COVID-19 pandemic, homes in rural areas have seen a dramatic increase in online interest from prospective buyers, according … Read more

CONROE, Texas – (Realty News Report) – Lovett Industrial, a Houston-based real estate investment firm, and Cresset Partners, a North American real estate investment manager, have begun construction on NorthPort Logistics Center, a 1.2 million square-foot logistics hub in Conroe, north of Houston. The development will occupy roughly 75 acres within Conroe Business Park and … Read more

HOUSTON – Realty News Report has named Marvy A. Finger the recipient of its inaugural RNR Lifetime Achievement Award. A native of Houston, Marvy A. Finger is the founder, president and chief executive officer of the Finger Companies. Over a long career, he helped reshape Houston’s residential landscape and reinvigorated the city’s Central Business District. … Read more

Frank Ferrara HOUSTON – (By Michelle Leigh Smith for Realty News Report) – July set a new record in Houston real estate, with nearly 9,000 single-family homes sold, the Houston Association of Realtors reported. HAR recorded 8,953 single-family home sales in July, surpassing the previous monthly high of 8,385 homes sold in July 2018. “Real … Read more

Trey Odom, President, AVERA Cos. HOUSTON — AVERA Companies is developing Bayport Logistics Park, a 143-acre, rail-served industrial complex in Pasadena on Houston’s east side. The property sits east of Underwood Road, just south of Fairmont Parkway, within the Bayport Industrial District. It is conveniently located near both Barbour’s Cut and Bayport container terminals, enabling … Read more

Rendering of the M-K-T development in The Heights. HOUSTON (Realty News Report) – XCL Resources, LLC, an oil and gas company, is relocating its headquarters to The Heights. XCL has signed a lease for 16,328 square feet of office space at M-K-T, a redevelopment of a former industrial property into a mixed-use campus. The M-K-T … Read more

Sandy P. Aron HOUSTON – (Realty News Report) – Houston’s retail real estate market remains on an upward trajectory, supported by positive job creation and robust single-family home sales. The Houston Association of Realtors reports a 2.8 percent increase in single-family home sales in May, with 8,346 closings. Year-to-date sales are 2.7 percent ahead of … Read more