HOUSTON – The Urban Land Institute (ULI) has published its annual Emerging Trends in Real Estate report, outlining the outlook for North American real estate markets in 2021. ULI’s top 10 markets for 2021: ONE: Raleigh/Durham, NC — A technology hub anchored by Research Triangle Park, with research universities such as Duke, UNC and NC … Read more
Ralph Bivins, Editor HOUSTON – (By Ralph Bivins, Realty News Report) – What was once an ambitious vision now lies idle. The parcel of prairie will soon be offered for sale. The plan belonged to retired Admiral William T. McRaven, the celebrated war hero who served as chancellor of the University of Texas System. McRaven … Read more
The 609 Main at Texas building was designed by Pickard Chilton. HOUSTON – The international law firm White & Case has signed an 11-year lease for 57,315 square feet at 609 Main at Texas, a 48-story office tower totaling 1,073,075 square feet in downtown Houston. With this new agreement, 609 Main at Texas is now … Read more
HOUSTON – (Realty News Report) – A major suburban Houston office building has changed hands: the 554,000-square-foot Schlumberger office complex in the Westchase area was recently sold, marking one of the largest suburban office transactions in the region in years. The buyer is a Colorado-based investment group affiliated with Marcel Arsenault, founder of Real Capital … Read more
Hines builds innovative tower of former Houston Chronicle site: Rendering of new tower shows Hines’ existing 717 Texas Avenue building (left), new Hines building (center) and Hines’ Chase Tower on right. HOUSTON – (Realty News Report) – Downtown Houston’s office market is being reshaped as new office towers raise the standard for prime commercial properties. … Read more
DALLAS – (Realty News Report) – Ben Caballero, a current Guinness World Record title holder and the top-ranked real estate agent in the U.S. since 2013 according to RealTrends, set a new record for home sales in 2020. He individually sold 6,438 homes with a combined value exceeding $2.46 billion. Caballero surpassed his own previous … Read more
THE WOODLANDS – (Realty News Report) – Howard Hughes Corp. has opened Creekside Park The Grove, a new multifamily community in The Woodlands. Creekside Park The Grove consists of 360 units across six four‑story buildings with elevators. Designed with an urban layout and Craftsman‑style architecture, the residences include one-, two- and three‑bedroom floor plans ranging … Read more
Eleven acres south of Buffalo Bayou will be used for the Ismaili Muslim Center. HOUSTON – An Ismaili Muslim center is planned for a prominent 11-acre parcel just west of downtown Houston near Buffalo Bayou. The site, which once hosted Houston’s first Sears store, will provide a central location for the city’s Ismaili community. The … Read more
The Spring Park Village retail center was acquired by the NAI Investment Fund. HOUSTON — NAI Investment Fund, the investment division of Houston-based NAI Partners, has completed the acquisition of Spring Park Village, a fully leased neighborhood retail center located in north Houston. The purchase marks the fund’s first retail property acquisition and concludes the … Read more
HOUSTON – (Realty News Report) – The Sears store at Memorial City Mall was demolished Tuesday, marking a local example of a nationwide shift as older mall anchors make way for modern redevelopment. Sears was the original anchor at Memorial City Mall, opening in 1966 at the West Houston shopping center along the Katy Freeway. … Read more