HOUSTON – (Realty News Report) – Trammell Crow Residential announced a $1.5 billion program to develop more than 8,000 apartment units priced to be attainable for middle‑income families. Marketed under the Allora brand, these rental communities use a simplified building design that is cost‑effective to construct while still offering popular lifestyle amenities, spacious floor plans, … Read more
The 216-unit Edgelake Apartments have been sold. CBRE handled the sale. SEABROOK, Texas – An investment group led by Shelley Hunt-Nichols of Banyan Equity Management has purchased the 216-unit Edgelake Apartments located on the southeast side of Houston. Constructed in 1984, Edgelake Apartments sits at 3010 E. NASA Parkway and is currently about 95 percent … Read more
Yorktown Plaza has two 6-story office buildings and 35,000 SF of retail. HOUSTON – Braun Enterprises has acquired Yorktown Plaza, a 196,000-square-foot office and retail complex on West Alabama near the Galleria. Located in the 5300 block of West Alabama between Yorktown and Rice, Yorktown Plaza is currently 54 percent occupied. The property features two … Read more
The 75-story JPMorgan Chase Tower in downtown Houston. The building’s plaza features a sculpture by Joan Miró entitled “Personage and Birds.” HOUSTON – An energy company has signed a substantial lease in the tallest building in Texas: the 75-story JPMorgan Chase Tower in downtown Houston. Indigo Resources Inc. and its affiliate, M5 Midstream LLC, have … Read more
Laura Diggs HOUSTON – NAI Partners has arranged a 28,371-square-foot retail lease for Lucky Penny Cycles at 211 FM 1960 Road West in Houston. The transaction was one of the market’s largest new retail leases in the fourth quarter of 2018, ranking among Houston’s top five by size according to CoStar data. NAI Partners’ Laura … Read more
HOUSTON – (Realty News Report) – Medistar Corp. has appointed Cushman & Wakefield to provide leasing services for Horizon Tower, a 485,000-square-foot life sciences building currently under construction at Texas A&M Innovation Plaza, adjacent to the Texas Medical Center. Previously, JLL had been announced as the leasing agent last July. That arrangement has changed: a … Read more
Fidelis Realty acquired this retail center in Missouri City, southwest of Houston. Fidelis Realty Partners Purchases 885,000-SF Retail Portfolio in Texas HOUSTON — Fidelis Realty Partners, a Houston-based developer specializing in retail centers, has completed the acquisition of an 885,000-square-foot portfolio comprised of three retail properties across Texas. The seller, InvenTrust Properties, was represented by … Read more
Brookfield has acquired Houston Center in downtown Houston for $875 million. HOUSTON – Brookfield Property Partners has completed its acquisition of Houston Center, a downtown complex that includes four office towers and a 200,000-square-foot retail center. The $875 million purchase of the 4.2 million-square-foot Houston Center ranks among the largest real estate transactions in Houston’s … Read more
HOUSTON – (RNR Real Estate Briefs) Reed Vestal, Taylor Schmidt and John Erck of Lee & Associates – Houston represented Roland 5, LLC in the sale of five acres on Roland Road in Katy. Travis Wallach with Fulshear/Katy Realty Partners represented the buyer, DI Land Holdings, LLC. Lee & Associates – Houston also represented TSF … Read more
Amy Bernstein HOUSTON – (By Michelle Leigh Smith for Realty News Report) – On September 7, 2001, Nancy Owens, a beloved and respected figure in Houston real estate, lost her courageous 20-year battle with breast cancer. One of her final wishes was to dedicate a significant part of her legacy to fighting breast cancer and … Read more