New Major Industrial Park Development Underway

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HOUSTON – (Realty News Report) – Trammell Crow Company, in partnership with Daiwa House Texas, has broken ground on Blue Ridge Commerce Center, a five-building industrial park in Fort Bend County on Houston’s southwest side. The 1.4 million-square-foot development will sit on 92 acres at the northwest corner of Fort Bend Parkway and McHard Road, … Read more

Rising Evictions: Apartment Renters Struggle to Keep Up

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HOUSTON – (By Dale King, Realty News Report) – Eviction pressure is growing as apartment residents try to avoid COVID-19 while protecting their health, keeping jobs, and maintaining a roof over their heads. As the coronavirus crisis continues, many renters face mounting unpaid bills and the increasing risk of eviction. In August, for the fourth … Read more

Nearly 50,000 Weekly Home Showings in Houston’s Hot Market

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HOUSTON – (Michelle Leigh Smith for Realty News Report) – A year ago, COVID fears kept many people from shopping for homes in person with real estate agents. By spring 2021, the situation had changed markedly. The Houston Association of Realtors reported that home showings increased 41 percent in late April compared with the same … Read more

New Downtown Landmark: Skyscraper, Food Hall, and Museum

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The “Great Steps” lead to the food hall at the new Bank of America Tower. Photo by Ralph Bivins, Realty News Report HOUSTON – Bank of America Tower, the newest skyscraper in downtown Houston, will feature rotating public art along its Milam Art Wall in partnership with Sawyer Yards, the 55-acre creative campus near The … Read more

Astrodome Visionary Wayne Ratkovich Dies at 94

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LOS ANGELES – (Realty News Report) – Wayne Ratkovich, a Los Angeles-based real estate developer who led a national panel of experts on a proposed redevelopment of Houston’s Astrodome, has died at the age of 82. Ratkovich was best known as the founder and CEO of The Ratkovich Company, a Los Angeles development firm that … Read more

Orange County Register Property Joins Wave of Newspaper Redevelopments

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Former Houston Chronicle site: Rendering of new tower shows Hines’ 717 Texas Avenue building (left), new Hines building (center) and Hines’ Chase Tower on right. HOUSTON – (Realty News Report) – A large urban site that once housed the Orange County Register is set for major redevelopment, reflecting a broader trend of former newspaper properties … Read more

Houston Debuts Single-Family Homes Priced at $150,000: What Buyers Need to Know

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Lennar unveils Houston new construction priced under $200,000. HOUSTON – (By Ralph Bivins, Realty News Report) – As affordable starter homes remain scarce nationwide, a major national builder has launched a Houston development with new houses starting around $150,000. Lennar has purchased 15 acres in northeast Houston and opened the city’s first nuHome community of … Read more

RNR Real Estate Briefs: Houston, Austin, Dallas & San Antonio Updates

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RNR Real Estate Briefs from Realty News Report – HOUSTON — Colliers announced that Woodforest National Bank has leased 16,010 square feet at Park Towers North, 1233 West Loop South in Houston. Park Towers Investment, the landlord, was represented by Doug Little of Transwestern. Darren Gowell and Bob Parsley of Colliers represented Woodforest National Bank … Read more

Pandemic Pastime: Why Many Now Browse Online Home Listings for Fun

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HOUSTON – (By Michelle Leigh Smith for Realty News Report) – During the COVID-19 pandemic, many people stuck at home turned to browsing real estate listings online as a new pastime. “Texas Realtors have long known that property-search sites fed by MLS data are a favorite for web users,” says Cindi Bulla, Chair of the … Read more