Avera is tilting up walls at its 644,000-SF Cedar Port Logistics project in Baytown. BAYTOWN, Texas – Avera has advanced construction on Cedar Port Logistics, a 644,000-square-foot industrial facility located within Cedar Port Industrial Park, the largest master-planned, rail- and barge-served industrial park in the United States. The project sits on a 40.8-acre parcel inside … Read more
HOUSTON — (Realty News Report) — Morgan, a Houston-based multifamily company founded 61 years ago by an entrepreneur with remarkable drive, has named Philip Morgan, the founder’s grandson, as Chief Executive Officer. Philip Morgan becomes the third generation to lead the firm, which traces its commercial beginnings to 1959 when it built three single-family homes … Read more
HOUSTON – (Realty News Report) – The Houston apartment market has rebounded strongly from the pandemic era, registering a 5 percent increase in rents and reaching its highest occupancy rate in two years, according to a Houston-based multifamily consultancy. Texas’s economic growth has accelerated the recovery, and vacant apartments are being leased quickly. In June, … Read more
HOUSTON – (Realty News Report) – 2Ml Real Estate Interests, Inc. has purchased a 31,285-square-foot strip center at 10850–10880 Louetta Road, directly across from an H-E-B supermarket in northeast Houston. Matthew Berry and Robbie Kilcrease of CBRE Houston represented the seller, Watumull Vintage, LLC. Cricket Wireless USA, LLC has signed a six-year lease for 20,428 … Read more
AUSTIN – (Realty News Report) – Samsung Electronics and local government officials are discussing incentives to build a $17 billion semiconductor factory in Taylor, Texas, a town about 30 miles northeast of downtown Austin. According to a proposal filed with Williamson County, the planned Samsung facility would include roughly 6 million square feet of buildings … Read more
Mike Spears HOUSTON – (Realty News Report) – Lee & Associates – Houston represented 2978 Industrial Properties, LLC in the sale of 14.9 acres on South Persimmon Street in Tomball. The seller was represented by Mike Spears, SIOR, CCIM, and Patrick Wolford, SIOR, CCIM of Lee & Associates – Houston. Welcome Wilson, Jr. with Welcome … Read more
HOUSTON – (Realty News Report) – Raymond James & Associates, the wealth management firm, has signed a lease for 60,219 square feet in San Felipe Plaza, a prominent skyscraper in Houston’s Tanglewood neighborhood. The firm leased three full floors in the 980,000-square-foot building at the corner of San Felipe Street and Augusta Drive. Raymond James … Read more
Martin Fein HOUSTON – (Realty News Report) – Martin Fein Interests, a Houston-based multifamily development, construction and property management firm, has purchased 17.44 acres from CDC Houston to build The Canopy at Springwoods Village on Houston’s north side. The Canopy will be a 322-unit, garden-style multifamily community located on Spring Stuebner Road near Interstate 45. … Read more
Elite Street Capital acquired the 2100 West Loop South building in Houston. HOUSTON – Elite Street Capital, a Houston-based real estate firm, has purchased 2100 West Loop South, a 162,336-square-foot office tower located in Houston’s Galleria submarket near San Felipe Road. The acquisition strengthens Elite Street Capital’s expanding commercial portfolio in a market showing renewed … Read more
THE LEGENDS OF REAL ESTATE AWARDS 2016 – Ralph Bivins, editor of Realty News Report, selected the most significant people, projects, deals and ideas that shaped the Houston real estate market in 2016. These selections are not necessarily the largest or the first of their kind, but they point to emerging trends, potential opportunities, inspired … Read more