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
HOUSTON – (RNR Real Estate Briefs: HOU) — Colliers announced the sale of the Mason Creek Medical Office Building, a newly constructed, state-of-the-art, 30,000-square-foot facility on 3.9 acres at 21820 Katy Freeway in West Houston. The building is fully leased and occupied by two principal medical tenants: Village Family Practice, LLP, and Memorial MRI & … Read more
Senterra bought four acres at the intersection of Buffalo Speedway and Richmond Avenue near Greenway Plaza. HOUSTON – (Realty News Report) – A partnership led by Houston-based Senterra Real Estate Group LLC has purchased a prominent four-acre parcel on the northwest corner of Buffalo Speedway and Richmond Avenue for a future mixed-use development. Located about … Read more
WASHINGTON – (Realty News Report) — Peter Ballon, global head of real estate for CPP Investments, has been named the new global chair of the Urban Land Institute (ULI). Ballon will serve in a voluntary capacity for a two-year term and lead members as the Institute concentrates on three global mission priorities: decarbonization, education, and … Read more
HOUSTON — (Realty News Report) — DC Partners has broken ground on a new seven-story office and retail development at 4411 San Felipe, located near Loop 610 and Houston’s Galleria district. The project will deliver 77,189 square feet of Class A office space and approximately 16,796 square feet of retail and restaurant space. Office space … Read more
The 300-acre Empire West Business Park will include 1 million SF of speculative distribution space. Rendering from Stream Realty Partners. HOUSTON – Stream Realty Partners has purchased 300 acres along Interstate 10 west of Houston to develop Empire West Business Park. Phase 1 will begin soon and consists of a 1 million square-foot speculative development … Read more
The 2525 North Loop West building has been sold. HOUSTON – A partnership led by Houston investor Sean Finn has acquired the 2525 North Loop West office building, a 136,325-square-foot Class B property located just inside Loop 610. The asset, situated near T.C. Jester Boulevard, was purchased by 2525 Inner Loop, L.P., a Finn-led investment … Read more
HOUSTON – (Realty News Report) – Privately held real estate investment firm 29th Street Capital (29SC) has acquired Lincoln Medical Center Apartments. This purchase marks the firm’s 13th multifamily acquisition in the Houston metro area, bringing its local holdings to nearly 4,000 units. Built in 1990, Lincoln Medical Center Apartments is a Class B property … Read more
Hurricane Harvey flooding in 2017 in downtown Houston. Photo: NWS How Natural Disasters Affect Housing, Mortgages and Recovery HOUSTON – The power of natural disasters can devastate neighborhoods, cities, and entire regions. Floods, wildfires, hurricanes, volcanic eruptions and earthquakes can cause widespread destruction, displacing families and businesses and leaving long-term economic consequences. Communities across the … Read more
Hurricane Harvey flooding in 2017 in downtown Houston. Photo: NWS How Natural Disasters Affect Housing, Mortgages and Recovery HOUSTON – The power of natural disasters can devastate neighborhoods, cities, and entire regions. Floods, wildfires, hurricanes, volcanic eruptions and earthquakes can cause widespread destruction, displacing families and businesses and leaving long-term economic consequences. Communities across the … Read more