John Nugent, chairman of the Houston Association of Realtors HOUSTON – The supply of homes for sale in Houston continued to shrink in early May as the coronavirus pandemic led many sellers to postpone listing their properties. The Houston Association of Realtors (HAR) reported just 2,878 new listings were added last week, a 17.5 percent … Read more
HOUSTON – (By Dale King, Realty News Report) – The coronavirus pandemic significantly impacted another U.S. real estate market, yet Texas still showed resilience amid the downturn. CBRE’s U.S. Multifamily Inbound Investment Trends report for the first half of 2020 shows that global investment in the U.S. multifamily sector fell 49.2% compared with the first … Read more
HOUSTON – Construction is underway on Hanover River Oaks, a 39-story apartment tower being developed on a 1.6-acre site along Kirby Drive, according to HFF. HFF arranged the equity and construction financing for the project on behalf of the developer, Houston-based Hanover Co., and institutional investors advised by J.P. Morgan Asset Management. The building will … Read more
HOUSTON – (Realty News Report) – The Avera Companies, a Houston-based commercial real estate development, construction, and investment firm, has partnered with AEW to develop Champions Park, a new industrial project in Northwest Houston. The facility will consist of a 242,021-square-foot industrial building located on Antoine Road just north of Beltway 8. Construction is underway, … Read more
HOUSTON – (By Ralph Bivins of Realty News Report) – Can Space City reclaim its former momentum? It can, if Houston rediscovers the determined, entrepreneurial spirit that once defined it. Opportunity is waiting, but the city must quickly regain its economic footing. Has Space City lost its once-undefeated attitude? Perhaps Houston’s leadership grew complacent, content … Read more
Sam Houston Business Park HOUSTON – Sealy & Co. has acquired Sam Houston Business Park, a four-building industrial complex totaling 262,631 square feet in northwest Houston. CBRE brokers Tom Lynch and Heather McClain represented the seller, the Levey Group, in the transaction. The fully leased business park sits on the 8800 block of North Sam … Read more
Rendering of Hughes Landing multifamily in The Woodlands. THE WOODLANDS — Howard Hughes Corp. has begun construction on a new multifamily development, marking the company’s second apartment project announced within the past two months. The project is an eight-story building with 386 rental units located in Hughes Landing, a mixed-use area within The Woodlands — … Read more
BLVD Place, which includes a Whole Foods and office space, is located on South Post Oak at San Felipe in Houston. HOUSTON — Whitestone REIT has finalized its acquisition of the BLVD Place mixed-use development and announced plans to build a new six-story office and retail building adjacent to the existing property. The firm purchased … Read more
Buildings in 100 block of Main Street redeveloped. HOUSTON – NewForm Real Estate, led by investor Dan Zimmerman, has completed the redevelopment of two historic buildings at the corner of Main and Commerce streets. The project preserves the three-story Raphael Building at 110 Main Street, originally constructed in 1876, and the five-story Dorrance Building at … Read more
Rendering of medical building under development in Katy, west of Houston. KATY, Texas – Kelsey-Seybold is building a new 37,000-square-foot, two-story clinic in NewQuest Properties’ Grand Morton Town Center in northeast Katy, one of the fastest-growing residential markets in the United States. The facility, to be named the Kelsey-Seybold Morton Ranch Clinic, sits on a … Read more