HOUSTON – (By Michelle Leigh Smith for Realty News Report) – In the wake of Hurricane Harvey, which flooded roughly 100,000 homes in Houston, government-funded buyout programs that purchase flood-prone properties are expanding nationwide. These buyouts, traditionally focused on residential properties, are being reconsidered for broader applications—including commercial parcels—and how the reclaimed land should be … Read more

DALLAS – (Realty News Report) – Pollack Shores Real Estate Group, a multifamily developer and investment firm, has purchased the parcel at 4302 Ross Avenue in Old East Dallas and will develop a new multifamily community on the site. This acquisition continues the company’s Texas expansion, which began several years ago with purchases of existing … Read more

The Madison Park apartments in Westchase have been sold. HOUSTON – (Realty News Report) – TRI Consulting Group, Next Investments and TPEG have acquired the 576-unit Madison Park Apartments in Houston’s Westchase District, CBRE reported. The community, located at 9801 Meadowglen Lane, occupies 23.49 acres and is currently 91 percent leased. The property offers a … Read more

HOUSTON – Realty News Report – RNR Real Estate Briefs — Lee & Associates represented Kalera, Inc. in the leasing of an 83,436-square-foot industrial facility at 7159 Rankin Road in Humble, Texas. Mike Spears of Lee & Associates – Houston and Derek Riggleman of Lee & Associates – Central Florida represented the tenant. Jason Dillee … Read more

HOUSTON – (Realty News Report) – Larry D. Johnson, a visionary developer who helped shape suburban growth around Houston, died last week at the age of 81. Johnson’s work created communities that now shelter hundreds of thousands of residents. He proved adept at building and guiding a major real estate enterprise through multiple economic cycles. … Read more

RICHMOND – (Realty News Report) – Two suburban medical projects near the Grand Parkway in Fort Bend County are preparing to break ground, reflecting continued interest from developers in Houston’s rapidly growing suburbs. Both projects are planned within Grand Center at Long Meadow Farms, a 58-acre mixed-use development in west Houston. The site’s proximity to … Read more

Dan F. Boyles Jr. HOUSTON – (Realty News Report) – Houston’s office market continues to face headwinds. Vacancy remains high, though leasing activity has shown signs of improvement in recent months. In the third quarter of 2018, NAI Partners reported a 21.5 percent office vacancy rate in Houston, equal to roughly 50 million square feet … Read more

HOUSTON – (Realty News Report) – Stream Realty Partners has finished developing Bay Area Business Park, a 3.3-million-square-foot industrial campus located near Port Houston and playing a significant role in the region’s active industrial real estate market. The park’s final three speculative buildings, totaling 1.3 million square feet, were completed and delivered on June 8. … Read more

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Texas real estate market moved quickly from a near standstill during Winter Storm Uri to a hot rebound as agents and brokers worked overtime to recover lost time. The storm shut down showings and closings for nearly a week, then triggered a sharp … Read more

Stephen Klineberg HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Traffic congestion is now viewed as the top problem facing Houston, according to the annual Kinder Houston Area Survey conducted by the Kinder Institute at Rice University. Each year, researchers from the Kinder Institute interview more than 46,000 Houston-area residents about their … Read more