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
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