HOUSTON – (Realty News Report) CDC Houston, a subsidiary of New York-based Coventry Development Corp., has appointed real estate veteran Phillip Benjamin as Senior Vice President. With nearly four decades of industry experience, Benjamin most recently served as Executive Vice President and Chief Portfolio Officer for Houston-based Patrinely Group. In that role he oversaw portfolio … Read more
Midway’s City Centre V HOUSTON – (Realty News Report) – Holliday Fenoglio Fowler (HFF) has arranged a $48.51 million refinancing for CITYCENTRE Five, a 201,437-square-foot Class A office building located within the CITYCENTRE mixed-use development in Houston. The HFF team secured the loan on behalf of the borrower, Midway Companies, with financing provided by New … Read more
Michael G. Scheurich, CEO of Arch-Con Corp. HOUSTON – (Realty News Report) – 2019 has been a strong year for Houston-based Arch-Con Corporation, a firm specializing in office, industrial, retail, multifamily, hospitality, community/non-profit, healthcare and corporate interiors. The company projects 2019 revenue of $512 million, up from $375 million in the prior year, and currently … Read more
Scott Muldavin DENVER – Global uncertainty and rising political polarization are expected to have a major impact on the real estate sector this year and next, according to The Counselors of Real Estate (CRE), the invitation-only professional association for the industry’s senior advisors. “Real estate is affected when uncertainty about trade, travel and immigration policies … Read more
Westchase Estates apartments in Houston. HOUSTON – Valcap Group LLC has acquired 1,331 multifamily units in Houston’s Westchase District, CBRE announced. The value-add portfolio comprises three communities: Westchase Estates, Westchase Grand and Westchase Preserve. CBRE brokers Matt Phillips and Clint Duncan represented the sellers, Ascension Commercial Real Estate and Moriah Group. CBRE Executive Vice President … Read more
Concourse at Westway building was acquired by Griffin Partners. HOUSTON – (Realty News Report) – Griffin Partners has acquired Concourse at Westway, a Class B, 130,223-square-foot, value-add office building located in the West Belt submarket of Houston. The seller, EverWest Real Estate Investors, was represented by JLL brokers Trent Agnew, Kevin McConn and Marty Hogan. … Read more
The ceiling of the Astrodome. Copyright 2019 Photo By Ralph Bivins. HOUSTON – (By Ralph Bivins of Realty News Report) – Los Angeles architect James Richards has returned with a proposal to remove the exterior skin of the historic Astrodome. His idea is to leave the steel framework intact and create a small park around … Read more
HOUSTON – (Realty News Report) – The River Oaks estate of the late Gerald D. Hines, the visionary developer behind Houston’s Galleria and numerous international skyscrapers, is now on the market for $34.5 million. Hines, who transformed commercial development by collaborating with world-class architects to prioritize exceptional design, passed away last year at age 95. … Read more
SNOOK, Texas – (Realty News Report) – Century Communities, one of the nation’s largest home builders, has launched a new subdivision in Snook, a small historic town approximately 90 miles from Houston. Snook, with a population of about 545, was settled in the 1880s by Czech immigrants drawn to the region’s fertile farmland and agricultural … Read more
Rendering of Westin Hotel planned in Southlake, Texas. SOUTHLAKE, Texas – A new Westin hotel is set to rise in North Texas, highlighting a growing financing trend: the ground-sale leaseback, according to CBRE. The ground-sale leaseback model is gaining traction because it reduces the equity required from developers and hotel operators, freeing capital and improving … Read more