NAR Chief Economist Lawrence Yun speaks at a news conference in 2015 . Photo by Ralph Bivins WASHINGTON – Foreign investment in U.S. residential real estate rose sharply over the past year, with activity concentrated in a few key states. According to the National Association of Realtors’ report, international buyers and recent immigrants purchased $153 … Read more
HOUSTON – Splendora Trust has acquired 199.4 acres along FM 2090 in Splendora, northeast of The Woodlands, from JM Texas Land Fund No. 5 LP. The buyer was represented by Jeff Lokey and Dave Ramsey of NewQuest Properties. Michael Ross of Rockspring Capital and James Kadlick, Matt Herring and Chris Hutcheson of McAlister Real Estate … Read more
AUSTIN – (By Dale King) – A new report from the Texas Association of Realtors finds that affordability and limited access to financing are significant obstacles for minorities and other Texans trying to purchase homes across the state. The 20-page Texas Homebuyers and Sellers Report documents growing diversity in household composition and ethnicity among Texas … Read more
Avera acquired 369 acres in the La Porte area near Houston. HOUSTON – Avera Companies, a Houston-based commercial real estate development, construction, and investment firm, has purchased 369 acres from PPG Industries in a significant land acquisition on the southeast side of the Houston region. This property, one of the largest remaining parcels in the … Read more
HOUSTON – (Realty News Report) – Goree Architects, a firm known for designing thousands of automotive dealerships nationwide, has leased 14,206 square feet of office space in Sage Plaza in Houston’s Uptown Galleria district. Representing Goree Architects in the lease transaction were Anthony Squillante and Collin Roach of Avison Young. The landlord, Granite Barnhart Sage … Read more
MONTGOMERY, Texas – (Realty News Report) – A company led by Houston investor Dan Silvestri of Silvestri Investments has purchased 1,623 acres in western Montgomery County. The tract is well positioned to capitalize on growing demand tied to the planned expansion of the Aggie Expressway along the emerging Highway 249 corridor between Houston and College … Read more
Art Square Center in Houston’s Midtown area has been sold. HOUSTON — Art Square Center, a distinctive 39,000-square-foot mixed-use property located at 4118 Fannin in Houston’s Midtown neighborhood, has been purchased by Kline Ventures LP, an investment entity controlled by Austin-based real estate investor David Kline. The transaction marks a notable ownership change for a … Read more
AUSTIN – (Realty News Report) – Interfin Companies, a Houston-based developer led by Giorgio Borlenghi, has sold the Hotel Granduca Austin, a 194-room upscale property located in the suburban hills west of central Austin. Opened in 2015, the Austin hotel was developed as a sister property to Interfin’s Hotel Granduca in Uptown Houston near the … Read more
HOUSTON – (Realty News Report) – Dart Interests has appointed Colliers to manage leasing for Republic Square, a newly renovated 301,000-square-foot office building in the Energy Corridor. The 35-acre campus originally served as the Exxon Chemical headquarters and was sold to a Dart Interests affiliate in 2013. Republic Square, located at 13501 Katy Freeway, will … Read more
Fogelman adds another multifamily acquisition to its Houston portfolio – the 390-unit Retreat at Steeplechase. HOUSTON – (Realty News Report) – Fogelman Properties, a Memphis-based multifamily real estate firm, has acquired two apartment communities, including one in Houston, in a transaction totaling $83 million. The acquisitions include the Retreat at Steeplechase in Houston and the … Read more