HOUSTON – (Realty News Report) – Where is Houston’s housing market headed in 2020? Job growth is expected to moderate. Mortgage rates are forecast to remain below 4 percent, yet the National Association of Realtors continues to urge increased homebuilding to meet strong demand and address tight inventory. The market is still being reshaped by … Read more

Chevron sold this tract in the City of Bellaire. BELLAIRE – SLS Properties, a Houston-based firm led by Danny Sheena, has purchased the 30.5-acre Chevron campus located at Loop 610 and Fournace Place in Bellaire. Chevron has vacated the site. The property includes two vacant office buildings: a 10-story tower totaling approximately 452,000 square feet … Read more

HOUSTON – (Realty News Report) – JRK Property Holdings, a Los Angeles–based real estate investment firm, has launched a $1.5 billion acquisition initiative with the purchase of an apartment community in southeast Houston. Houston is a strategic target for the company. JRK Property Holdings will continue to monitor the city—the nation’s fourth-largest—for multifamily investment opportunities, … Read more

Dan Bellow HOUSTON – (Realty News Report) – Houston stands at a pivotal moment. The office market is still feeling the effects of the energy sector downturn, though that industry appears to be stabilizing after years of price volatility. At the same time, the Texas Medical Center (TMC), a cornerstone of the city’s economy, continues … Read more

HOUSTON – (Realty News Report) – Howard Hughes Corp. has opened two new parks within its 11,400-acre Bridgeland master-planned community in northwest Houston. The Bridgeland community ranked 10th in the nation for new home sales at midyear 2020, according to advisory firm RCLCO. Located in the Cypress area, Bridgeland recorded 425 home sales in the … Read more

Rendering of MAN build-to-suit HOUSTON – MAN Diesel & Turbo has signed a lease for a new North American headquarters and manufacturing facility to be constructed in Brookshire, west of Houston, within the 650-acre Twinwood business park. Bob Berry and Jacob Bravo of Avison Young represented MAN Diesel & Turbo in negotiating the lease for … Read more

HOUSTON – (Realty News Report) – Houston saw a record $5.1 billion in multifamily property sales last year, according to Yardi Matrix. That sum represents approximately 300 apartment complexes traded in 2018, nearly double the volume recorded in 2017. Strong job growth helped drive the surge in transactions. Many investors targeted Class C properties, attracted … Read more

The new Stages at The Gordy theater has been completed; Photo credit: Stages HOUSTON – (Realty News Report) – A mix of vision, careful scope management, serendipity and the generosity of many philanthropic supporters — including numerous first-time donors — has resulted in a new, three-stage performing arts facility for Houston audiences. Stages at The … Read more

Construction has begun on the final phase of LaCenterra at Cinco Ranch. From left: Van Martin, Chairman and CEO of Tribble & Stephens Construction; Judy Wooley, Property Manager of Vista Management Company; Dana Garnett, Sr. VP of Development of Vista Equities Group; Woody Mann, President of Vista Equities Group; Neil Billingsley-Michaelsen, President and CEO of … Read more

The 396-unit Modera Spring apartment community has been sold. HOUSTON — Abbey Residential Services Inc. has purchased the 396-unit Modera Spring Town Center apartment community in Spring, just north of Houston. Berkadia represented the seller, Mill Creek Residential, in the transaction. “Houston’s multifamily market is positioned for a near-term recovery, with apartment absorption forecast to … Read more