Elizabeth Mendenhall, incoming president of the National Association of Realtors addresses reporters at the NAR convention in Chicago. Photo credit: Ralph Bivins, Realty News Report CHICAGO – The Republican proposal to overhaul the U.S. tax code, if enacted, could negatively affect home sales and housing prices, the National Association of Realtors (NAR) warned. Under the … Read more
RNR Real Estate Briefs from Realty News Report – KATY, Texas – Reed Vestal and John Erck of Junction and Taylor Schmidt of Lee & Associates – Houston brokered the sale of 33.7 acres at the corner of FM 529 and Katy Hockley Cut Off Road in Katy. Situated near the 3,600-acre Elyson master-planned community … Read more
The Ascension apartment community in west Houston has been sold. HOUSTON — Tarantino Properties has acquired Ascension on the Bayou, a 280-unit mid-rise apartment community located at 150 W. Sam Houston Parkway North in Houston. Completed in 2017, Ascension is currently 95 percent occupied, reflecting strong renter demand in the area. Teresa Lowery, Senior Managing … Read more
Transwestern Corporate Properties has agreed to acquire this State Farm building in the Atlanta area. ATLANTA — Transwestern Corporate Properties I Investor has agreed to acquire Park Center I in Atlanta through a sale-leaseback arrangement with State Farm Auto Insurance Company. Park Center I is a 13-story, LEED-certified office tower built atop a seven-level parking … Read more
HOUSTON – The long-awaited “Missing Mile” in the Energy Corridor is now complete. The Missing Mile is a newly finished stretch of Park Row, the major roadway that runs parallel to Interstate 10 in west Houston. David Wolff, left, leads an Energy Corridor panel with Billy Burge, Jon Lindsay, Larry Johnson, Matt Khourie and Carl … Read more
HOUSTON – By Cynthia Lescalleet (for Realty News Report) – Rottet Studio, led by award-winning architect and interior designer Lauren Rottet, has purchased adjacent bayou-front properties in the tucked-away Briar Hollow neighborhood to create a modern, purpose-built headquarters for the firm. The studio has long operated from rental space in the historic Esperson Building downtown, … Read more
NAR chief economist Lawrence Yun, speaking at the NAR conference in San Francisco in November 2019. Photo credit: Ralph Bivins, Realty News Report. WASHINGTON, D.C. – (By Dale King, Realty News Report) – Home no longer means the mahogany-furnished, picture-perfect house of midcentury America. Two decades into the 21st century, technology and mobile devices have … Read more
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Houston single-family home market remained hot in August, with 9,890 single-family houses sold across the region. Strong demand and low inventory pushed August sales to one of the highest monthly totals on record. Fourth-Best Month Ever for Houston Realtors The Houston Association of … Read more
Total Plaza, downtown Houston. HOUSTON — Jindal Tubular Leases Office Space at Total Plaza Jindal Tubular, a manufacturer of pipe used in oilfield drilling and related industries, has leased 4,078 square feet of office space at Total Plaza, located at 1201 Louisiana Street in downtown Houston. The new space will serve as a regional sales … Read more
HOUSTON – (RNR Real Estate Briefs) – Banorte Securities International, Ltd. has signed a 10,000-square-foot headquarters lease in the Galleria Financial Center, a 12-story office tower located within the Galleria mall. Win Haggard, Brad Beasley and Cameron Colvill of Cushman & Wakefield represented the ownership group, which is affiliated with Azrieli Group and Unilev Management, … Read more