Bill Brownfield HOUSTON – (Realty News Report) – The devil, they say, is in the details, and no one is more aware of that than Bill Brownfield. Bill Brownfield, together with CPA Larry Mayerhofer, co-authored The Escalation Handbook for Office Buildings, first published by the Building Owners and Managers Association (BOMA) in 1991. The handbook … Read more
BAYTOWN, Texas – (Realty News Report) – The Avera Companies, a Houston-based commercial real estate firm, has joined with AEW Capital Management to develop Kilgore Grand Parkway, a proposed 522,135-square-foot industrial building in Baytown, located east of Houston. Trey Odom “Kilgore Grand Parkway provides distinctive value in today’s land market, meeting Houston’s strong demand for … Read more
Paul Layne NAI Partners’ Landlord Services Division has appointed veteran Houston office leasing executive David Bateman as Senior Vice President of Office Project Leasing. Bateman joins NAI Partners after his tenure with Hartman REIT. Jay Kraft has joined Arch-Con Corp. as Senior Vice President of Office and Corporate Interiors. Paul Layne was named CEO of … Read more
HOUSTON – (Realty News Report) – Skanska, the Stockholm-based development and construction company, has purchased a prominent 2.86-acre parcel at the southwest corner of Westheimer and Montrose Boulevard in Houston’s Montrose neighborhood as part of a major planned development. Skanska paid $27 million for the property, which currently hosts a 44,000-square-foot retail center anchored by … Read more
EastGroup is developing 278,000 SF in a new Houston project. HOUSTON – (Realty News Report) – EastGroup Properties has started construction on a three-building industrial complex in northwest Houston. The 278,000-square-foot development, named Northwest Crossing, sits on the southwest quadrant of Interstate 290 and State Highway 6. JLL brokers Richard Quarles, Jarret Venghaus, and Geoff … Read more
Robert Kramp HOUSTON – (Realty News Report) – Hurricane Harvey accelerated multifamily housing absorption in Houston and pushed rental rates higher, according to a new analysis by global real estate firm CBRE. “A rapidly shrinking construction pipeline—with fewer than 7,700 units underway—and reduced inventory caused by flooding are tightening supply further. Meanwhile, demand from displaced … Read more
HOUSTON – (RNR) CBRE announced two new leases at Underwood Port Logistics Center and Bayport North Logistics Center I. A global e-commerce company leased 402,648 square feet at Underwood Port Logistics Center, located at 4600 Underwood Road in Deer Park. Frederick Trucking leased 102,863 square feet of bulk distribution space at Bayport North Logistics Center … Read more
Julio Laguarta HOUSTON – (Realty News Report) – Julio Laguarta, a prominent leader in Houston’s real estate community and a former president of the National Association of Realtors, died on January 3 at the age of 86. Throughout a long and influential career, Laguarta played a central role in one of Texas’ most ambitious urban … Read more
Phenix Salon Suites opening Houston outlets. HOUSTON – (Realty News Report) – Phenix Salon Suites, the Encinitas, California–based franchise, is expanding its presence in Houston with five new locations arranged by CBRE. CBRE brokers Sydney Dixon and Brian Ashby represented Phenix Salon Suites, which currently operates 283 locations across 34 states and plans to grow … Read more
HOUSTON – (By Dale King, Realty News Report) – A new Colliers report shows Houston’s multifamily investment market is heating up again, driven by renewed investor interest and improving market fundamentals. Following a two-year pandemic slowdown, multifamily investment sales volume in Houston rose 24.1% between the final quarter of 2020 and the start of the … Read more