Ralph Bivins, Editor of Realty News Report HOUSTON (Commentary by Ralph Bivins) – Houston’s real estate markets took serious hits when oil prices plunged from around $107 a barrel in June 2014 to below $30 earlier this year. While the downtown office sector weakened, other areas—such as retail and industrial real estate—performed well, and overall … Read more
Jim Heistand, CEO, Parkway Inc. HOUSTON — Parkway Inc., the real estate investment trust that owns office buildings exclusively in the Houston area, has signed a lease with online used-car retailer Vroom for an entire floor at CityWest Place Four. “In Houston’s challenging business and real estate climate, this transaction with Vroom highlights the resilience … Read more
WASHINGTON, D.C. – (By Dale King, Realty News Report) — International buyers who once eagerly pursued U.S. homes as primary residences, vacation properties, or investment stopovers are increasingly choosing locations outside the United States, a trend that has persisted for some time, according to a new National Association of Realtors (NAR) report. NAR’s 2024 report, … Read more
AUSTIN – (Realty News Report) – Austin’s shopping center and retail leasing activity fell sharply in the fourth quarter, dropping 63 percent as the retail sector felt the impact of the coronavirus pandemic. Leasing activity—including both new leases and renewals—totaled 304,000 square feet of signed deals, a 63 percent decline from the fourth quarter of … Read more
Beltway North Commerce Center HOUSTON – (Realty News Report) – High Street Logistics Properties has acquired the Beltway North Commerce Center, a fully leased Class A cross-dock industrial distribution facility totaling 352,680 square feet in Houston. JLL brokers Trent Agnew, Rusty Tamlyn, Charlie Straus and Katherine Miller marketed the asset on behalf of the seller, … Read more
HOUSTON – Neighbors Health, LLC, a Houston-based operator of Neighbors Emergency Centers, has relocated its corporate headquarters to Richmond Park Westchase at 10800 Richmond Ave., leasing 98,000 square feet in the five-story office building managed by Zenith Real Estate Group. The company’s previous headquarters in Pearland Town Center has been subleased as part of the … Read more
CubeSmart purchased a self-storage facility on Richmond Ave. HOUSTON – The self-storage advisory teams from Cushman & Wakefield and JLL have completed the sale of the Self Storage 1 portfolio, which includes two properties totaling 158,000 square feet located in Los Angeles and Houston. National owner-operator CubeSmart LP acquired the portfolio from Cardiff Mason Development, … Read more
Hines will create a coworking facility in the 717 Avenue building in downtown Houston HOUSTON – (Realty News Report) – Hines is launching a new coworking initiative, Hines² (Hines Squared), to address rising demand for flexible office solutions. The service will debut at two properties: the 33-story 717 Texas Avenue building in downtown Houston and … Read more
RNR Real Estate Briefs from Realty News Report –HOUSTON – Transwestern Real Estate Services announced that Opportune, a global energy consulting firm, signed a long-term expansion and renewal for 62,535 square feet at Pennzoil Place, 711 Louisiana St., in downtown Houston. Opportune will occupy the 31st through 34th floors across the two-building property. Transwestern’s Tyler … Read more
HOUSTON – (Realty News Report) The Howard Hughes Corporation has broken ground on Starling at Bridgeland, a 358-unit for-lease multifamily community located in Bridgeland, a master-planned area in northwest Houston. Bridgeland is an 11,400-acre master-planned community in Cypress near the Grand Parkway and is ranked No. 9 in the nation for new home sales. The … Read more