HOUSTON – (Realty News Report) – Houston home sales jumped to a record level in June as 9,328 single-family homes were sold, the Houston Association of Realtors reported. This marked the first time monthly sales in Houston topped 9,000 transactions. Buyers were drawn by exceptionally low mortgage rates. Freddie Mac reported the average 30-year mortgage … Read more
HOUSTON – (Realty News Report) – Stream Realty Partners is preparing to break ground on six new buildings totaling 2,318,305 square feet at Empire West Business Park, a 300‑acre industrial development located west of Houston in the Brookshire area. This move follows rapid success with Phase I of the project, a 1 million‑square‑foot initial build … Read more
Jason Presley, CBRE HOUSTON – (By Dale King, Realty News Report) – A new report from CBRE Group finds that three of the top five U.S. markets for office-occupancy job growth are major Texas metros: Houston, Dallas and Austin. “Houston is the fourth largest metro in the U.S. for Fortune 500 headquarters,” said Jason Presley, … Read more
WASHINGTON, D.C. — (By Dale King, Realty News Report) — The Urban Land Institute’s latest Real Estate Economic Forecast anticipates a return to economic growth in 2021 and a smaller coronavirus-driven downturn for the remainder of 2020 than projected six months ago. The survey findings were released Oct. 28 during a ULI members-only webinar, which … Read more
Indus acquired the Mark VI apartments on Bissonnet. HOUSTON – (Realty News Report) – Indus Management Group, a Houston-based multifamily firm led by Manu Gupta, has acquired the 144-unit Mark VI apartments, a value‑add community located at 5606 Bissonnet St. in Southwest Houston, just west of Chimney Rock Road. JLL marketed the property on behalf … Read more
Rendering of renovated Museum Medical Tower. HOUSTON — The Museum Medical Tower, located near Hermann Park, is receiving a comprehensive $10 million renovation aimed at modernizing the building and enhancing the experience for patients, visitors and tenants. The 177,476-square-foot medical office tower sits on the north side of the Texas Medical Center at 1213 Hermann … Read more
MARK YOUR CALENDAR – Thursday, Jan. 30 Ralph Bivins will sign and discuss his book “Houston 2020: America’s Boom Town – An Extreme Close Up.” 5:00–7:00 p.m. at River Oaks Bookstore, 3270 Westheimer, across from Lamar High School. …………………………………………………………. HOUSTON – (Realty News Report) – Kimberly DeVos of Cypressbrook Company represented the buyer, Declaration Church, … Read more
LAS VEGAS – CBRE, the world’s largest commercial real estate firm, is relocating its Las Vegas office to UnCommons, a new mixed-use development built to prioritize health and wellness. UnCommons is among the nation’s first projects designed to the WELL v2 Pilot standards, which emphasize the impact of buildings on human health. CBRE advises thousands … Read more
HOUSTON – (Realty News Report) – Three Texas cities — Austin, Dallas and Houston — rank among the top 20 metropolitan areas in a new index that evaluates STEM job growth across the United States. RCLCO Real Estate Consulting’s annual STEMdex names Denver, Seattle, Austin, San Francisco, Washington, D.C., San Jose, Raleigh, Boston, Portland and … Read more
Gerald D. Hines HOUSTON – (By Ralph Bivins, Realty News Report) – Celebrating the birthday of master developer Gerald D. Hines, who turns 93 this week. Houston was fortunate when Hines arrived seven decades ago. With an engineering degree from Purdue and a slide rule in hand, he brought the skills that would make him … Read more