HOUSTON – (By Dale King, Realty News Report) – A new Colliers report shows Houston’s multifamily investment market is heating up again, driven by renewed investor interest and improving market fundamentals. Following a two-year pandemic slowdown, multifamily investment sales volume in Houston rose 24.1% between the final quarter of 2020 and the start of the … Read more
The Star, a residential redevelopment of the historic Texaco building, has opened in downtown Houston. Photo credit: Max Burkhalter. HOUSTON — The historic Texaco building in downtown Houston, originally constructed more than a century ago, has been transformed into a modern residential rental tower named The Star. The redevelopment preserves the building’s historic character while … Read more
HOUSTON – (Realty News Report) – Leva Living, a Houston-based development company led by Bobby Orr, Jr., has acquired land in Humble for a single-family build-to-rent community. The development is planned to include approximately 160 single-family rental homes, and construction is scheduled to begin immediately. Avison Young negotiated the sale of 16 acres located on … Read more
Stacy Mazur HOUSTON – (By Dale King) – Before the first raindrop from Hurricane Harvey fell on the Houston area two months ago, before the first gust of wind tore away a wall, uprooted a tree or ripped a roof in Key West on Sept. 10, and even before Hurricane Maria devastated Puerto Rico and … Read more
Broadstone Sierra Pines multifamily community has been acquired by a Fort Worth-based firm. HOUSTON – Berkadia Real Estate Advisors structured the sale and financing of Broadstone Sierra Pines, a 341-unit garden-style apartment community located in The Woodlands area of Houston. Representing the seller, Alliance Residential Company of Phoenix, were Senior Managing Director Ryan Epstein and … Read more
THE WOODLANDS, Texas – (Realty News Report) – LGI Homes, a Texas-based homebuilder, sold 9,339 homes in 2020, a strong indicator that historically low mortgage rates have helped drive a nationwide housing surge. “LGI Homes delivered another record-breaking quarter, capping off the best year in our company’s history,” said Eric Lipar, the company’s Chief Executive … Read more
Zadok’s new mixed-use development project on Post Oak Blvd was designed by Michael Hsu Office of Architecture. HOUSTON — Houston’s upscale Uptown district is set to gain a new landmark as Zadok Jewelers, a Houston-based jeweler, unveils plans for a five-story, 112,000-square-foot mixed-use development at 1801 Post Oak Blvd. The project, designed by the acclaimed … Read more
Houston skyline photo, with 5 Houston Center, which sold earlier this year. Houston office buildings have been selling briskly in 2017. HOUSTON – For commercial real estate professionals who specialize in Houston office buildings, this year’s Thanksgiving will feel especially rewarding. After a meager $300 million in office building sales in 2016, annual transaction volumes … Read more
HOUSTON – By Cynthia Lescalleet, for Realty News Report – The Midtown building that now houses The Ion, an innovation hub, has maintained its original spirit as a multi-purpose resource center. Once a bustling department store that served one-stop shoppers, the repurposed property now provides collaborative workspaces, classrooms, maker resources, services and programming that support … Read more
HOUSTON – (By Dale King, Realty News Report) – Last week members of Central Houston Inc. set aside the challenges brought by the coronavirus to acknowledge positive developments in the Bayou City’s urban core during 2020. Due to COVID-19, Central Houston Inc. — the coalition of downtown business leaders formed in 1983 — held its … Read more