HOUSTON – (Realty News Report) – Hines has sold two industrial distribution properties in Texas, totaling 1.8 million square feet, to the investment firm KKR for $171 million. The properties, developed by Hines and located in the Houston and Dallas markets, are modern fulfillment centers completed around 2019. Both buildings are fully leased to two … Read more
The Woodlands Waterway. THE WOODLANDS – (Realty News Report) – Colliers International reports that The Woodlands office market posted positive second-quarter results, with improving occupancy and rising rental rates. Class A rents averaged $37.30 per square foot, the highest level in over a decade, according to Colliers. Uncertainty surrounds the two 30-story Woodlands towers that … Read more
RICHMOND – (Realty News Report) – Johnson Development has completed the acquisition of a 630‑acre parcel adjacent to its Harvest Green community on the southwest side of the Houston area, near the Grand Parkway. This new acreage will provide lots for roughly 1,400 additional homes in Harvest Green, a master‑planned community designed with an agricultural … Read more
BOCA RATON, Fla. — The National Association of Real Estate Editors (NAREE) is now accepting entries for its 73rd Annual Journalism Competition. The awards will be presented at NAREE’s Real Estate Journalism Conference, June 6–8, 2023 in Las Vegas. Deadline: Submit entries at www.naree.org between Feb. 1 and March 1, 2023, 11:59 p.m. EST. The … Read more
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – MLB Capital Partners, a Houston-based commercial real estate investment firm, broke ground Tuesday on the Houston Farmers Market redevelopment project near The Heights. The 77-year-old market on Airline Drive will be upgraded with improved facilities, modern infrastructure, a broader range of products and sustainable … Read more
MAGNOLIA, Texas – Stratus Properties, an Austin-based developer, has secured construction financing and begun work on a mixed-use project in Magnolia, near Houston, that will be shadow-anchored by an H-E-B grocery store. Named Magnolia Place, the project will include four retail buildings totaling about 35,000 square feet, five retail pad sites, 194 single-family lots and … Read more
The Two Lakes Edge multifamily project will open this early year in The Woodlands. THE WOODLANDS – (Realty News Report) – Two fitness-focused tenants have leased ground-level retail space at the new Two Lakes Edge multifamily community, which is scheduled to open in spring 2020 in The Woodlands, Howard Hughes Corp. announced. Situated along the … Read more
Chip Colvill HOUSTON – Cushman & Wakefield announced Wednesday that it has acquired Colvill Office Properties, a Houston-based firm specializing in office agency leasing and marketing services. Colvill Office Properties currently manages leasing and marketing for approximately 17 million square feet of Class A office space across Houston, including the one-million-square-foot Texas Tower now under … Read more
Rand Stephens, Darrell Betts, Avison Young HOUSTON – (By Michelle Leigh Smith, Realty News Report) – When Welcome Wilson Sr. raised the funds for his first development, Jamaica Beach in Galveston, oil sold for $2 a barrel, the Texas Railroad Commission influenced global oil prices, and Dwight D. Eisenhower was president. “I was always taught … Read more
The downtown Houston skyline as seen from the banks of Buffalo Bayou. HOUSTON – (By Dale King) – The importance of emergency preparedness and crisis management to protect people and intellectual assets in commercial properties has grown dramatically as threats from natural disasters and human-caused events evolve. Owners and occupants of office buildings, retail centers … Read more