Rendering of new spec project. HOUSTON – Ridge, the industrial development division of Transwestern Development Co., has purchased 29 acres at the intersection of Beltway 8 and Highway 90 in southwest Houston to build a major industrial project. Ridge intends to begin construction in May on a 477,355-square-foot speculative industrial facility, with delivery expected in … Read more

HOUSTON – (Realty News Report) – Transwestern Real Estate Services has been appointed to manage leasing for the Downtown Columbia, Maryland office portfolio owned by The Howard Hughes Corporation, headquartered in The Woodlands. The Downtown Columbia portfolio comprises more than the current 12 buildings totaling 1.8 million square feet. In addition to existing properties, The … Read more

Bruce Rutherford HOUSTON – (Realty News Report) – Houston’s office market currently has 9.5 million square feet of sublease space available, and energy companies account for roughly 76 percent of that supply, according to JLL’s 2018 North American Energy Outlook report. Although oil prices have climbed back above $60 per barrel, energy firms are taking … Read more

The 5718 Westheimer building, just west of Houston’s Galleria, is getting a major redo. CBRE handles leasing for the tower. HOUSTON – UBS Financial Services has begun a $10 million renovation of the 22-story office tower at 5718 Westheimer in Houston’s Galleria area. The building, which totals approximately 500,000 square feet and sits on the … Read more

Avera breaks ground on a 644,000-SF Cedar Port Logistics, a rail-served building in Baytown near the Port of Houston. HOUSTON — One of Houston’s most active industrial submarkets is intensifying as Avera has broken ground on a 643,951-square-foot, rail-served building at Cedar Port Logistics, located near the Port of Houston. The 40.8-acre project is the … Read more

Patrinely Group’s 150,000-SF speculative office building in Springwoods Village north of Houston. THE WOODLANDS, Texas – Colliers International reported an outstanding performance in The Woodlands office market during the fourth quarter of 2018, with 385,000 square feet of positive absorption. This marked the strongest quarter for the submarket since 2015. The Woodlands comprises 127 office … Read more

SAN ANTONIO – (Realty News Report) – Weingarten Realty has sold a former movie theater property to San Antonio-based Koontz Corporation, which plans to build a new apartment community on the site. Koontz announced it will break ground in early 2022 on a 300-unit, Class A multifamily development at 12631 Vance Jackson Road, the location … Read more

IOWA COLONY, Texas – Construction is underway at the Shops at Meridiana, the first retail development at the entrance to Meridiana, a 2,700-acre master-planned community located off Highway 288 south of Pearland, according to Hunington Properties. Developed by Rise Communities, Meridiana is part of a broader wave of growth along the Highway 288 corridor, a … Read more

BEVERLY HILLS, Calif. – (Realty News Report) – The historic Hearst Estate, known for its exterior appearance in the film “The Godfather,” is being offered at auction with a minimum bid of $47 million. This nine-bedroom mansion, once the home of newspaper magnate William Randolph Hearst, also served as the honeymoon retreat for Jacqueline (née … Read more

Groundbreaking attendees: Kevin Stutt of Katy Ranch Offices; Doug Pack of Avison Young; Jason Snell of LSI General Contractors; Meg Britton of Energy Solutions; Kerry, LaGrone of LSI General Contractors; A.J. Breneman of Powers Brown Architecture; Mike Baker of Freeway Properties; Patrick Greene of Wells Fargo; Lance LaCour of Katy Economic Development Council; and Sam … Read more