HOUSTON — (Realty News Report) — Carroll, an Atlanta-based real estate investment and management firm, announced the sale of Arium Park West, a multifamily property in west Houston. Located at 15555 Richmond Avenue, the garden-style community comprises 342 units and sits near major Houston employment hubs, including the Energy Corridor and the Westchase business district. … Read more

GALVESTON, Texas – Hotelier Mark Wyant, known for restoring and operating historic properties, has agreed to acquire the landmark Hotel Galvez and Spa on Seawall Boulevard in Galveston. Opened in 1911, the hotel sits just across the street from the Gulf of Mexico shoreline and has long been a signature destination for visitors to the … Read more

HOUSTON – (Realty News Report) – Egrets Group has broken ground on a new medical office building in Conroe. The three-story facility will total approximately 53,000 square feet and is located at 3786 FM 1488. The building is planned to house a wide range of medical services, including primary care, imaging, podiatry, dermatology, physical therapy, … Read more

Fred Caldwell WILLIS, Texas – (Realty News Report) – Caldwell Communities has announced plans to develop a 1,200-acre active adult community in Willis, approximately 50 miles north of downtown Houston. Located just west of I‑45 with direct access to Lake Conroe and situated north of FM 1488, the gated residential development—named Chambers Creek Ranch—will include … Read more

Bill White HOUSTON – (Realty News Report) – Bill White served as Houston’s 60th mayor from 2004 to 2010 and was re-elected twice with an average support of 88 percent. He earned the John F. Kennedy Profiles in Courage Award for his leadership after Hurricane Katrina. A Hurricane Harvey survivor himself, White now chairs the … Read more

Enclave Place HOUSTON – Transocean has signed a lease for the entire 300,000-square-foot Enclave Place building at 1414 Enclave Parkway in the Energy Corridor. The property, completed in 2015, had remained vacant until this agreement. Piedmont Office Realty Trust of Atlanta, the building’s owner, was represented in the transaction by Damon Thames and Connor Saxe … Read more

HOUSTON – (Realty News Report) – Nitya Capital, a Houston-based real estate investment firm led by Swapnil Agarwal, has acquired Chasewood Technology Park, a four-building office campus totaling 463,969 square feet in northwest Houston. Nitya Capital has been actively expanding its portfolio. Less than a month earlier the firm purchased One Westchase Center, a major … Read more

HOUSTON – (Realty News Report) – Marvy Alan Finger, a Houston apartment developer who played a pivotal role in the revival of downtown residential life, has died at age 86. A native Houstonian and a 1957 graduate of the University of Texas, Mr. Finger began his career with a small homebuilder and rose to become … Read more

Rendering of Two Hermann Place, a residential tower under development in Houston’s Museum District. Architecture: Page HOUSTON – A 32-story residential tower is being developed through a partnership between Nitya Capital and Tema Development on the northern edge of Hermann Park in Houston’s Museum District. The building, called Two Hermann Place, will contain 295 apartment … Read more

Rand Stephens HOUSTON – A new report from Avison Young shows that Houston has one of the highest office vacancy rates in the United States. At mid-year 2017, Houston’s office vacancy rate stood at 16.8 percent, the second-highest nationally behind Fairfield County, Connecticut, which recorded 17.8 percent vacancy. Atlanta ranked third with a 16 percent … Read more