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

THE WOODLANDS, Texas – (Realty News Report) — LGI Homes Inc., a Texas-based homebuilder, reported strong November sales, closing 748 homes compared with 500 closings in November 2018. The November closings represented a 49.6 percent increase year-over-year, highlighting the company’s accelerating momentum late in the year. Builders nationwide picked up pace in 2019 as mortgage … Read more

Rendering of Hines’ T3 project in Atlanta ATLANTA – Hines has broken ground on T3 West Midtown, a seven-story office building constructed using mass timber framing. Houston-based Hines, together with Invesco Real Estate, a global real estate investment manager, announced the start of construction on the 230,000-square-foot office development within Atlantic Station, a mixed-use district … Read more

Pier 1 Imports headquarters in Fort Worth added to Hertz portfolio. FORT WORTH – Hines has sold the 20-story Pier 1 Imports headquarters in downtown Fort Worth to Hertz Investment Group, based in Woodland Hills, California, and led by Judah Hertz. The 410,000-square-foot headquarters overlooks the Trinity River and serves as Pier 1’s primary office … Read more

HOUSTON – (Realty News Report) – CoralTree Hospitality has acquired a controlling interest in the Magnolia Hotels brand, which includes a historic downtown Houston property. In partnership with its parent company Lowe, CoralTree purchased the controlling interest from Denver-based Stout Street Hospitality. CoralTree will operate four of Magnolia’s six hotels—those in Denver, Houston, St. Louis … Read more

Rendering of Park Place Tower, a 15-story tower under construction on Westheimer Road at Mid Lane. HOUSTON – (Realty News Report) – Compass Real Estate, a rapidly growing national residential brokerage, has leased an entire floor in Park Place Tower, the new office building being developed by Stonelake Capital Partners on Westheimer Road inside Loop … Read more

John N. Cryer III HOUSTON – (Realty News Report) – Houston takes pride in being a dynamic, modern metropolis: new office towers, fresh multifamily developments, and gleaming shopping centers are reshaping the skyline. Yet the city’s historical legacy remains important, and Houstonians are increasingly attentive to preserving that past. Organizations such as Preservation Houston have … Read more

BAYTOWN – (Realty News Report) – TGS Cedar Port Partners has broken ground on two speculative industrial buildings within TGS Cedar Port Industrial Park, the largest master-planned, rail-and-barge-served industrial park in the United States. The new industrial facilities, located east of Houston, are scheduled for completion in 2022. TGS Cedar Port Industrial Park spans 15,000 … Read more

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Ion, a new hub for innovation in Midtown Houston, is now open and welcoming entrepreneurs, academics, and collaborators to advance startups and foster cross-disciplinary partnerships. The Ion is a redevelopment of an 82-year-old, multi-story former Sears building completed by Rice Management Company, which … Read more

Chevron sold this tract in the City of Bellaire. The new owner has a grand plan. BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) – The developer of the former Chevron property in Bellaire has unveiled an ambitious proposal to the Bellaire Planning & Zoning Commission. According to documents obtained through Freedom … Read more