HOUSTON – Crescent Communities has sold The Groves, a 1,000-acre master-planned community in northeast Houston, along with two other Texas single-family communities, to funds managed by Castlelake, L.P., based in Minneapolis. The Charlotte-based developer sold 100 percent of its interests in The Groves in the Humble area of northeast Houston, Belterra in southwest Austin, and … Read more
HOUSTON – (Realty News Report) — Despite continued departures by several national retailers, a steady stream of new entrants and expansions helped keep Houston-area retail occupancy high at midyear 2025. Leasing activity by grocers, home-improvement chains, fitness centers, entertainment venues and restaurants supported a 95.5% occupancy rate across local shopping centers at midyear, according to … Read more
ATLANTA – (Realty News Report) – Cortland Partners has acquired Pure Multi-Family REIT of Vancouver for $1.2 billion. The Pure REIT’s portfolio included 22 apartment complexes totaling 7,085 units, all located in Texas and Arizona. Atlanta-based Cortland operates regional offices in Houston, Dallas, Denver, Charlotte and Orlando, and owns a portfolio of approximately 60,000 units, … Read more
Ashford on the Bayou HOUSTON – Hartman Income REIT has acquired Ashford on the Bayou, a 127,000-square-foot office building in West Houston. Located at 1001 S. Dairy Ashford along Buffalo Bayou just south of Memorial Drive, the five-story property sits on a heavily wooded 2.5-acre site. The recently renovated building is currently 55 percent leased, … Read more
BOCA RATON, Fla. – The National Association of Real Estate Editors (NAREE) invites journalists to enter NAREE’s 72nd Annual Real Estate Journalism Competition. Deadline: Submit entries at www.naree.org between Feb 1 and March 1, 2022, by 11:59 p.m. EST. Eligible entries are for work published or broadcast in 2021. The competition welcomes reporters, columnists, writers, … Read more
Rendering of a visionary plan to depress the freeways below-grade and cover them with park space behind the convention center in downtown Houston. The project will remove a big barrier between downtown and the EaDo district and generate significant growth on the east side of downtown. HOUSTON – (By Michelle Leigh Smith) – East Downtown, … Read more
HOUSTON – (Realty News Report) – Brookfield Properties continues its multi-million dollar reimagining of Allen Center, a major downtown office campus. The company is also investing heavily in upgrades at Houston Center and other downtown properties as it refreshes aging towers and enhances tenant amenities. These renovations are part of a strategic effort to keep … Read more
Palais Royal was founded in the 1920s. HOUSTON – (Realty News Report) – Stage Stores, the Houston-based retailer that operates stores under the Palais Royal, Bealls and Gordmans names, filed for Chapter 11 bankruptcy protection on Sunday. The company closed its stores at the end of March amid the COVID-19 pandemic. At the time, the … Read more
HOUSTON – (Realty News Report) – Lovett Industrial, a national industrial real estate development firm founded by Frank Liu and former Hines executive Charlie Meyer, has completed a 1 million-square-foot Amazon warehouse and has additional projects underway. Two projects built for the global e-commerce company total approximately 1,300,000 square feet. They include a 1,075,000-square-foot building … Read more
Houston-based Tarantino Properties acquired a Kroger-anchored center on FM 1960 West. HOUSTON (Realty News Report) – Tarantino Properties has purchased Cypress Pointe, a 173,344-square-foot shopping center anchored by Kroger on FM 1960 in the Cypress area of Houston, for approximately $25 million. JLL marketed the property on behalf of the seller, Weingarten Realty Investors, a … Read more