The Sky Terrace at Phoenix Tower in Greenway Plaza. Photo: Shannon O’Hara. HOUSTON – (Realty News Report) – Owners of the 34-story Phoenix Tower at Greenway Plaza have completed a renovation of the Sky Terrace on the building’s ninth floor. The project replaced the existing St. Augustine grass with durable artificial turf, refreshed the terrace’s … Read more
Ric Campo HOUSTON – (Realty News Report) – Camden Property Trust, a Houston-based multifamily REIT that owns 164 apartment communities and approximately 56,000 units nationwide, is pausing evictions for residents who have experienced financial hardship due to the COVID-19 pandemic. Camden has closed its leasing offices to visitors and is minimizing in-person interactions by providing … Read more
HOUSTON – (Realty News Report) – Castlelake LP has listed a portfolio of 2,300 homebuilding lots for sale within master-planned communities across Austin, Dallas, Nashville and Houston, including The Groves, a 993-acre community in northeast Houston. CBRE is marketing the offering. The portfolio includes 2,300 remaining single-family detached lots and additional excess land for potential … Read more
HOUSTON – (Realty News Report) – Dream Finders Homes of Jacksonville, Fla., has agreed to acquire Houston-based MHI-McGuyer Homebuilders Inc. in a transaction valued at $475 million. MHI-McGuyer, which markets homes in Texas under the Coventry Homes brand, ranked No. 37 nationally last year with 2,082 closings in 2020, according to the Builder 100 rankings. … Read more
By Ralph Bivins (RNR) – Sales of Manhattan homes have fallen by more than 50 percent since the coronavirus outbreak. Many affluent residents are leaving New York City for their second homes or for communities outside the city, driven by concerns over public health, high taxes, potential new levies on the very wealthy, and recurring … Read more
Patrick L. Phillips HOUSTON – (Realty News Report) – Residents of Houston are demanding answers. When Hurricane Harvey stalled over the region in late August, some areas received as much as 50 inches of rain, flooding more than 100,000 homes and inundating hundreds of commercial properties, schools and performance halls. Questions now dominate public debate: … Read more
MOD Pizza HOUSTON — Transwestern has represented MOD Pizza in securing leases for six additional restaurant locations across the Houston area. These new openings bring MOD Pizza’s presence to 23 locations throughout Greater Houston. Transwestern Senior Vice President Grant Walker and Vice President Chris Reyes acted as exclusive advisors to MOD Pizza in the Houston … Read more
Bellaire Town Center, which opened in 1950, is located on Bellaire Boulevard, two miles south of the Galleria. Photo by Ralph Bivins BELLAIRE, Texas – Redeveloping one of the Houston area’s oldest shopping centers means saying goodbye to some familiar tenants and welcoming new ones. Bellaire Town Center, owned by the Shears family’s SDI Realty, … Read more
HOUSTON – (Realty News Report) – Casoro Group, an Austin-based multifamily real estate investment firm, announced the sale of three Texas apartment complexes for a combined total exceeding $57 million. Knowledge Workers Welcome The three-property disposition, totaling 692 units, aligns with Casoro Group’s strategy to redeploy capital into properties serving the knowledge-worker market segment, the … Read more
Patterson-UTI Energy has leased more office space in Remington Square II. HOUSTON — Patterson-UTI Energy, a leading oilfield services provider, has expanded its Houston headquarters by leasing an additional 11,600 square feet of office space at Remington Square II. With this addition, the company’s local headquarters now occupy a total of 52,822 square feet in … Read more