L to R: Hunter Sage, John Kiltz, Kenneth Aboussie, Matt Miller, William Peeples, Travis Eickenhorst, and Mike Burney at groundbreaking. HOUSTON – Stonelake Capital Partners marked the start of construction on Wednesday for Park Place Tower, a 15-story, 210,000-square-foot Class-AA office building situated inside the Loop at 4200 Westheimer Road as part of the Park … Read more

HOUSTON – (Realty News Report) – Lucian Bukowski of CBRE Advisory & Transaction Services in Houston has been promoted to Vice Chairman, the highest sales title at the firm. Bukowski focuses on tenant representation across corporate headquarters leases, site selection, leasing and acquisitions. Peter Mainguy is Senior Managing Director for CBRE’s Houston office. HOUSTON – … Read more

HOUSTON – (Realty News Report) – Common Desk, a Dallas-based coworking company serving businesses and professionals, has signed a 24,140-square-foot lease at 2500 CityWest in Houston’s Westchase District. Common Desk will occupy portions of the first and second floors of the 25-story, Class A office tower. The building totals approximately 578,284 square feet, and this … Read more

Greenway Plaza in Houston. HOUSTON — Parkway Inc. has completed the sale of a 49 percent interest in its Greenway office portfolio for $512 million, equating to approximately $210 per square foot. The transaction covers a 5 million-square-foot, 11-building office campus located near Buffalo Speedway and the Southwest Freeway inside Houston’s Inner Loop. The portfolio … Read more

HOUSTON – (By Dale King, Realty News Report) – Houston is a major player in the “big box” warehouse industry, according to a recent study by real estate services firm CBRE. CBRE’s report identifies Houston’s logistics market as one of the most attractive investment targets in the South-Central United States for both domestic institutional capital … Read more

Houston Real Estate Briefs (Realty News Report) Lee & Associates – Houston represented BSR Investments Co. in the sale of a 143,332-square-foot industrial property at 9411 Alcorn Street in Houston. Mike Spears, Derek Riggleman and Robert LaCoure of Lee & Associates – Houston represented the seller. Abbas Rajabi of Mohegan Capital, LLC represented the buyer, … Read more

The largest Nissan dealership in the world. HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Central Automotive Group has unveiled a 162,500-square-foot expansion at its Astrodome-area campus, creating what is now the largest Nissan dealership in the world. Located at 2901 South Loop West, the project occupies 16 acres with roughly one-third … Read more

Monzer Hourani, head of Medistar. Photo credit: Ralph Bivins, Realty News Report. Medistar Develops 326-Unit Apartment Community Near Texas Medical Center HOUSTON — Medistar Corp., a Houston-based development company led by Monzer Hourani, is underway on a new multifamily project named Medistar Grand. The development will deliver 326 apartment units on a six-acre site situated … Read more

Grand National Business Park will be developed by Hines in Northwest Houston. HOUSTON – (Realty News Report) – Hines has acquired 107 acres in northwest Houston to develop a mixed-use project featuring 1.5 million square feet of industrial space, a hotel and a retail center. The property, located at the southeast corner of the Sam … Read more

HOUSTON – Record-setting heat coincided with a scorching real estate market in June, as low mortgage rates and tight inventory pushed home prices to new highs. According to the Houston Association of Realtors (HAR), 13,090 properties—including single-family homes, condominiums, townhomes and vacant lots—changed hands in June, the strongest single-month sales total in Houston’s real estate … Read more