Redwood Investors has purchased the Exterran facility off of North Houston Rosslyn Road. Photo: NAI Partners HOUSTON – (Realty News Report) – Redwood Property Investors III LLC, a California-based private investment fund, has acquired the former Exterran Energy Solutions campus located at 12001 North Houston Rosslyn Road in northwest Houston. The campus comprises 301,127 square … Read more
Bob Unanue BROOKSHIRE, Texas — Goya Foods, the largest Hispanic-owned food company in the United States, is planning a 324,000-square-foot expansion to its North American Processing Center in Brookshire, west of Houston. The expansion, managed by KDW, a Houston-based design/build general contractor serving global food manufacturers, nearly doubles the size of Goya’s existing 380,000-square-foot facility … Read more
Copper Lakes Shopping Center in the Cy-Fair area of Houston. HOUSTON – (Realty News Report) – Houston developer BCTS Partners, LLC has sold Copper Lakes Shopping Center, a 91%-leased retail and office property in the Cy-Fair submarket of west Houston, to Parkway Brothers Investment, Inc. Located at 17111 and 17121 West Road, Copper Lakes comprises … Read more
Pearland Town Center, a mixed-use development with retail, apartments, office and hotel, was developed by CBL. Photo credit: Ralph Bivins, Realty News Report. HOUSTON – (By Dale King, Realty News Report) – During the latter half of the 20th century, enclosed regional malls prospered by following a straightforward formula: offer a wide variety of stores, … Read more
Rendering of the Buffalo Heights mixed-use project underway in the Inner Loop. HOUSTON – (Realty News Report) – Houston continues to see substantial retail development, with new shopping centers, grocery stores and restaurants rising across the market. Strong job growth and low unemployment have helped these new spaces lease quickly. According to CBRE, the market-wide … Read more
THE WOODLANDS – (Realty News Report) – Paul Layne has retired from his role as Chief Executive Officer of The Howard Hughes Corporation, the developer behind master-planned communities such as The Woodlands, Bridgeland and Summerlin in Las Vegas, as well as other major properties across the United States. Layne joined The Howard Hughes Corp. in … Read more
HOUSTON – (Realty News Report) – Warehouses are in high demand in Houston. Year-to-date warehouse sales have surged 127 percent compared with 2016 sales volume, according to a November report from NAI Partners. Houston is on track to surpass the $1 billion mark in industrial sales. So far this year, $984 million in industrial transactions … Read more
Judah Hertz HOUSTON – Hertz Investment Group, based in California, has engaged Moody Rambin to oversee leasing for its first Houston acquisition: a 10-story office building in the Westchase submarket. Hertz recently acquired the 232,100-square-foot office property Westchase Park Plaza, located at 11490 Westheimer Road in Houston, and has rebranded the asset as Royal Oaks … Read more
CYPRESS, Texas – (Realty News Report) – Trammell Crow Company, one of the nation’s largest commercial real estate developers, together with joint-venture partner Clarion Partners, has broken ground on Weiser Business Park at the former site of an airport in northwest Houston. Major Spec Project Underway Weiser Business Park will ultimately encompass more than 1 … Read more
Commentary by Ralph Bivins. (Originally published on March 1, 2021 in the RNR newsletter) Houston — the Energy Capital of the World — has weathered hard times before. What was the worst? The flooding from Hurricane Harvey in 2017? The wild overbuilding, financial failures, job losses and oil bust of the 1980s? Ralph Bivins Or … Read more