Sterling Purchases Cinco Ranch Center for $21M Real Estate Deal

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HOUSTON – (Realty News Report) – Sterling Organization has acquired the Cinco Ranch Shopping Center, a 97,266-square-foot, grocery-anchored retail center located in the Katy area of West Houston. The property was purchased on behalf of Sterling Organization’s institutional grocery-anchored shopping center core fund, Sterling United Properties II, LP, for $21.25 million, or $218 per square … Read more

Austin Newspaper Sold for $47.5M; Prime Downtown Site Set for Redevelopment

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GateHouse’s News & Design Center in Austin. AUSTIN – The Austin American-Statesman, which has served as the leading newspaper in Texas’ capital for decades, is being sold to New York-based GateHouse Media for $47.5 million, according to reporting from the Statesman. The transaction excludes the paper’s valuable 19-acre property and its main newsroom building on … Read more

Texas Triangle Sees Surge in Apartment Construction Projects

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HOUSTON – (Realty News Report) – Ivanhoé Cambridge and Mount Auburn Multifamily have formed a joint venture to provide preferred equity for ground-up multifamily developments across the United States, including major markets in Texas. The joint venture is designed to help multifamily developers complete their capital structures more efficiently and accelerate the delivery of new … Read more

Sold: The Mix — Full-Block Midtown Houston Development

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The Mix, a full-block retail center with a parking garage in Midtown, has been sold. HOUSTON – (Realty News Report) – The Mix @ Midtown, a 73,000-square-foot retail property occupying an entire city block in Houston’s Midtown neighborhood, has been sold. JLL marketed the asset on behalf of the seller, Crosspoint Properties, which originally developed … Read more

Habitat for Humanity Launches Houston Neighborhood Project

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HOUSTON – (Realty News Report) – Houston Habitat for Humanity, with Hines serving as strategic advisor, has broken ground in northeast Houston on Robins Landing, a 127-acre master-planned community designed to serve low- and moderate-income Houstonians. Situated near Tidwell Road and Mesa Drive, Robins Landing will deliver much-needed affordable housing along with essential services, retail … Read more

German Company Leases Office Space in Houston’s Energy Corridor

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West Memorial Place 1 & 2 – Houston, TX 040517 HOUSTON – Oxea, a Germany-based chemical manufacturer, has leased 20,700 square feet at West Memorial Place in Houston’s Energy Corridor. The company will relocate its Houston office from the Uptown area to the third floor of West Memorial Place I in September, according to Skanska … Read more

Expanding Houston’s Trees: Building a New Campus for Urban Forestry

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HOUSTON – For 36 years, Trees for Houston has been planting and distributing trees across the greater Houston area. The nonprofit urban forestry organization has planted roughly 600,000 trees to date and now is preparing for the next phase of its work: a permanent campus that will consolidate operations and expand its capacity to plant, … Read more

Office Building Hits Full Occupancy: What It Means for Tenants and Market

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HOUSTON – (Realty News Report) – Sam Houston Crossing II, a suburban office building in northwest Houston, has reached full occupancy. TFH Reliability Group signed a lease for 14,861 square feet, bringing the property to 100 percent leased. Transwestern brokers Doug Little, Louann Pereira and Matthew Seliger represented the landlord, Buchanan Street Properties. Representing the … Read more