SALT LAKE CITY – (Realty News Report) – A development partnership between Houston-based Patrinely Group and USAA Real Estate has announced the structural topping out of 650 Main, a 10-story, 332,000-square-foot Class A office and retail project in downtown Salt Lake City. The project remains on schedule for delivery in the first quarter of 2022, … Read more

HOUSTON – (Realty News Report) – A major cold storage facility is planned for the 15,000-acre Cedar Port Industrial Park near the Port of Houston, CBRE announced. CBRE arranged joint venture equity and financing for Blackline Cold Storage, LLC to develop a new cold storage facility at Cedar Port Industrial Park, located in the Baytown … Read more

HOUSTON – (Realty News Report) – Houston hospitality and gaming magnate Tilman Fertitta has reached an agreement to bring his Golden Nugget and Landry’s empire back to the public markets. Fertitta Entertainment, the parent company of Golden Nugget and Landry’s, will merge with FAST Acquisition Corp., a special purpose acquisition company (SPAC). The merger will … Read more

RNR Real Estate Briefs from Realty News Report – HOUSTON — NAI Partners arranged a new 27,614-square-foot office lease for AES Drilling Fluids at 575 N. Dairy Ashford in Houston. The space will serve as the company’s corporate headquarters and include a modern laboratory. NAI Partners’ Griff Bandy and Joe Bright represented AES Drilling Fluids; … Read more

Rendering of Grand at Aliana. RICHMOND, Texas – NewQuest Properties is preparing to break ground on the first phase of The Grand at Aliana, a regional commercial development along the Grand Parkway near the Aliana master-planned community. The initial phase includes roughly 200,000 square feet of Class A retail space. The project will occupy 57 … Read more

The Westgate 1 building in the Energy Corridor has been sold. HOUSTON — A partnership affiliated with Spire Real Estate LP has purchased Westgate 1, a 248,707-square-foot office building within the Park Ten business park in the Energy Corridor of west Houston. Completed in 2014, the property is currently 96 percent leased. It is anchored … Read more

RNR Real Estate Briefs from Realty News Report –HUMBLE, Texas — Satya has acquired 4.2 acres of undeveloped land in Balmoral, a master-planned community in Humble. Located at Woodlands Hill Drive and Balmoral Bay Drive, the parcel was purchased for future retail development. The seller, Balmoral Woodland Hill #2, LLC, was represented by Jerry Turboff … Read more

HOUSTON – (By Dale King, Realty News Report) – Many office buildings in Houston are facing high vacancy rates as companies continue to reduce their physical footprints. In October, overall office vacancy rose to 23.2 percent, up from 21.6 percent in October 2019, according to NAI Partners, one of the largest privately held commercial real … Read more

HOUSTON – (Realty News Report) – Colliers, a global commercial real estate services firm, has signed a long-term lease renewal and expansion at Park Towers, a Class A office complex along Loop 610 in the Uptown Houston submarket. Colliers’ expanded footprint at Park Towers now totals 36,954 square feet in the two-building, 552,782-square-foot office campus … Read more

HOUSTON – (Realty News Report) – M-M Properties has announced that TC Energy (formerly TransCanada) has extended its lease for approximately 320,000 square feet at TC Energy Center, the 56-story tower with a distinctive gabled roofline that is a prominent feature of the Houston skyline. The specific lease length and financial terms were not disclosed, … Read more