GALVESTON – Galveston’s real estate market is experiencing a strong surge as buyers shift their attention to the Gulf Island located about 50 miles southeast of Houston. Its short driving distance makes Galveston an attractive commuter-friendly option and a safer vacation alternative during the coronavirus pandemic. “Sales are red hot now,” says Claire Reiswerg, co-owner … Read more

Brookhollow Central HOUSTON — Realty News Report: Hertz Investment Group has purchased Brookhollow Central I, II and III, a Class A office complex of three buildings totaling 806,541 square feet in Houston’s North Loop submarket. The HFF team led by Dan Miller and Marty Hogan represented seller Parmenter Realty Partners, based in Miami, and facilitated … Read more

First Tower in Calgary CALGARY, ALBERTA, CANADA – Realty News Report – Houston-based Hines, in partnership with a fund managed by Oaktree Capital Management, has acquired a 27-story office tower in Calgary. The 708,000-square-foot Class B office building, known as First Tower, sits on First Street in Calgary’s Downtown East submarket. First Tower is currently … Read more

Mike Spears HOUSTON – (Realty News Report) – Houston’s industrial real estate market is undergoing significant change, and not all signs point to improvement. According to Lee & Associates’ second quarter 2019 report, distribution construction in the Houston area has surged. Between the third quarter of 2018 and the first quarter of 2020, just over … Read more

Sunrise Lake mixed-use medical and retail center in Pearland. The project is located on Broadway Street, the city’s main east-west route. Photo: JLL Capital Markets PEARLAND, Texas – TIG Real Estate Services has sold Sunrise Lake, a mixed-use center in Pearland, a rapidly growing suburb south of Houston. The JLL Capital Markets team representing the … Read more

Mayor Sylvester Turner HOUSTON – (Realty News Report) – More than a year after Hurricane Harvey struck Houston, how is the city recovering? Is Houston better prepared for another major storm, and what more can be done? To answer these questions, Realty News Report spoke with Mayor Sylvester Turner, the city’s chief executive. Elected in … Read more

Tilman Fertitta HOUSTON – (Realty News Report) – Houston billionaire Tilman Fertitta, owner of the Golden Nugget casinos, numerous hotels and hundreds of restaurants, has temporarily furloughed about 40,000 employees, Bloomberg News reports. Fertitta told Bloomberg that government-ordered shutdowns related to the coronavirus pandemic have forced heavy daily losses. Restaurants that are open for takeout … Read more

HOUSTON – (Realty News Report) – Nitya Capital, a Houston-based real estate firm led by Swapnil Agarwal, announced that it will provide six months of free rent to up to 1,000 Afghan refugee families settling in the United States. The initiative aims to offer immediate relief and stability to families who have fled conflict and … Read more

HOUSTON – (By Dale King, Realty News Report) — Home prices continued to climb nationwide in June, according to a major real estate report. Texas metropolitan areas followed that upward trend, with Austin showing a remarkable 29.9 percent increase since June 2020. Texas Triangle Posts Significant Gains The newly released CoreLogic Home Price Index (HPI) … Read more

Rendering of Hines’ 609 Main at Texas building which is nearing completion. HOUSTON — Russell Reynolds Associates, a leading global executive search and leadership advisory firm, has signed a 10-year lease for 15,000 square feet on the 35th floor of 609 Main at Texas, the new downtown office tower developed by Hines. Russell Reynolds Associates … Read more