HOUSTON – (Realty News Report) – Weingarten Realty Investors has completed a significant transaction with Fidelis Realty Partners, acquiring full ownership of the Village Plaza at Bunker Hill in Houston while divesting a major shopping center in Fort Worth. Houston-based Weingarten bought the remaining 42 percent stake in Village Plaza at Bunker Hill from Fidelis … Read more
SAN ANTONIO – (Realty News Report) – CBRE has opened a new San Antonio office in a recently completed building near the historic Pearl brewery redevelopment. The 17,000-square-foot office occupies the top floor of Silver Ventures’ new Oxbow building. CBRE consolidated three San Antonio locations, combining about 90 employees into the new space at 1803 … Read more
HOUSTON – (Realty News Report) – Bitcoin, the cryptocurrency gaining wider global acceptance, will be accepted as payment from commercial real estate investors acquiring an office complex inside Houston’s Inner Loop. The sale of the 50 Briar Hollow property, comprised of two mid-rise office buildings constructed in the late 1970s, is being handled by NewQuest … Read more
Huge tire warehouse opening at Hillwood’s Alliance development. FORT WORTH — American Tire Distributors, one of North America’s largest tire suppliers, is opening a 756,000-square-foot distribution center at Hillwood’s Alliance Gateway 60 in north Fort Worth, Texas. The new facility will create approximately 60 jobs. Headquartered in Huntersville, North Carolina, American Tire Distributors and its … Read more
Entrance to the 5,000-SF Well Living Lab next to the Mayo Clinic in Minnesota. HOUSTON – (By Dale King, Realty News Report) – The Well Living Lab, a collaboration between the Mayo Clinic and Delos, the real estate wellness and technology company, has teamed up with Hines and Cushman & Wakefield to study how office … Read more
AUSTIN – (Realty News Report) – Vinson & Elkins has leased 50,273 square feet in the new Indeed Tower in downtown Austin. Trammell Crow, together with joint-venture partner Principal Real Estate Investors, is developing the 36-story tower, which is scheduled to open this summer. “Moving into Indeed Tower will place the firm at the center … Read more
Cody Armbrister HOUSTON – CBRE Group, the world’s largest commercial real estate firm with annual revenues exceeding $13 billion, is consolidating its Houston offices and moving out of its downtown location. For years CBRE has maintained separate offices downtown and in the Uptown/Galleria area. The company has now leased approximately 77,000 square feet at Williams … Read more
HOUSTON – (Realty News Report) – Reich Brothers has acquired the former 1.2 million-square-foot DHL Intermodal Campus in Baytown and plans to redevelop the property for modern industrial uses. The DHL facility sits within the 15,000-acre TGS Cedar Port Industrial Park, the nation’s largest rail- and barge-served industrial park. The intermodal campus includes four separate … Read more
WASHINGTON – (By Dale King, Realty News Report) — The Urban Land Institute’s spring 2021 real estate economic report forecasts a rebound from the coronavirus-related slowdowns. The single-family housing sector, hotels and industrial markets are projected to expand significantly over the next three years, while office and retail recovery is expected to lag, according to … Read more
Fulton Station Rendering HOUSTON – Lennar is developing a transit-oriented residential community just north of downtown Houston, directly across from the METRO Rail Red Line. Named Fulton Station, the new gated community will include 39 townhomes designed for in-town living and easy access to public transit. Priced from $349,000, the Fulton Station townhomes feature private … Read more