SOUTHSIDE PLACE – (Realty News Report) – Madera Residential has purchased the 270-unit Alexan Southside apartment community at 4139 Bellaire Blvd. in Southside Place, an upscale neighborhood inside Houston’s Inner Loop. PCCP, LLC provided a $30 million senior loan to Madera Residential to finance the acquisition. “Alexan Southside enjoys a prime infill location between the … Read more

Uvalde, Texas – (Realty News Report) – Hoar Construction is nearing completion on the new Uvalde Memorial Hospital, a project that addresses the ongoing challenge of delivering high-quality healthcare to America’s small towns and rural communities. Located about 80 miles west of San Antonio, Uvalde is replacing its outdated hospital, originally built in 1972, with … Read more

HOUSTON – (By Dale King, Realty News Report) – A commercial real estate advisory firm has announced the sale of a national apartment portfolio valued at $1.85 billion, including 13 developments totaling 5,189 units in Texas. Newmark Knight Frank reported the disposition of Aragon Holdings LLC’s portfolio to Harbor Group International (HGI), a global real … Read more

CALABASAS, Calif. — William A. Millichap, co-chairman of the commercial real estate firm Marcus & Millichap, has died after a year-long battle with cancer. He was 76. Marcus & Millichap, established in 1971, is a leading specialist in commercial real estate investment sales, financing, research and advisory services with more than 2,000 investment sales and … Read more

HOUSTON – (By Dale King, Realty News Report) – A seasonal chill has eased the intensity of residential bidding wars as the home-sales market typically slows during the year-end holidays. A recent report from Redfin finds that cooler seasonal conditions have reduced the number of buyers competing for the same houses. In November, 59.5 percent … Read more

Randy Cooper, Cushman & Wakefield DALLAS – (By Dale King) – An unprecedented global office building boom is underway, with more than 700 million square feet of office space currently under construction and planned for completion by the end of 2019, according to Cushman & Wakefield’s Global Office Forecast. Dallas is at the center of … Read more

HOUSTON – (Realty News Report) – Ten leases have been signed at 1001 McKinney, a historic office building in downtown Houston, marking renewed tenant interest in the competitive downtown office market. CBRE has completed 10 leases totaling 64,991 square feet at 1001 McKinney, a 23-story tower completed in 1947. These leasing successes followed a $4.3 … Read more

HOUSTON – (Realty News Report) — Healthpeak Properties, Inc. is developing a new 116,500-square-foot, five-story Class A medical office building with an attached parking garage at 7500 Fannin St., on the campus of The Woman’s Hospital of Texas in Houston. Construction is scheduled for completion by December 2021. The building is currently 36% pre-leased, with … Read more

The Woodlands Tower at the Waterway – formerly the Anadarko Hackett Tower, 9950 Woodloch Forest Drive in The Woodlands, is being leased by Colliers International. Image: Colliers International. THE WOODLANDS – (By Ralph Bivins, Editor of Realty News Report) – A 30-story office tower located about 30 miles north of downtown Houston will be vacated. … Read more

LaCenterra, a mixed-use development developed by Vista Equities, is located west of Houston. KATY, Texas – LaCenterra, one of the Southwest’s most notable outdoor lifestyle centers, marks its tenth anniversary this month. With the final construction phase underway and a major widening of the nearby Westpark Tollway improving access, LaCenterra is well positioned for even … Read more