The Pindo Pointe apartment complex in Beaumont has been sold. HOUSTON — Transwestern’s Houston Multifamily Investment Services Group has completed the sale of Pindo Pointe, a 164-unit apartment community located at 7390 Pindo Circle in Beaumont, east of Houston. The property was marketed and sold after a comprehensive renovation that stabilized operations and prepared it … Read more
HOUSTON – (Realty News Report) – Houston’s apartment market has softened as occupancy declines amid the economic fallout from COVID-19 and weakness in energy markets, analysts report. Thousands of new units remain under construction after a strong pre-pandemic development cycle. Many projects that began while demand was healthy are now completing into a very different … Read more
HOUSTON – (Realty News Report) – Houston’s economy and Port Houston stand to gain as U.S. supply chains move away from an overreliance on China and diversify into additional Asian and European markets, according to a CBRE report. In response to recent trade tensions and the disruptions caused by COVID-19, many companies are establishing new … Read more
HOUSTON – (Realty News Report) – The Omni Houston Hotel at Westside has been sold as part of a portfolio of five full-service Omni properties. All five hotels are currently branded and managed by Omni Hotels & Resorts, but the new owner plans to renovate and rebrand each property. The Houston property in the portfolio … Read more
Rendering of Egrets Landing office building under construction near Houston. SUGAR LAND, Texas — E Contractors has broken ground on Egrets Landing Sugar Land, a new 22,000-square-foot office building in Fort Bend County’s Lake Pointe community. The two-story project sits on a 1.5-acre parcel near the northwest corner of Highway 6 and U.S. 59. Designed … Read more
RNR Real Estate Briefs from Realty News Report – HOUSTON — NAI Partners, the commercial real estate services division of Partners Real Estate Company, arranged a lease for Bowen, Miclette & Britt, which will relocate its headquarters from 1111 N. Loop West to 2800 N. Loop West, occupying 35,926 square feet. Jon Silberman of NAI … Read more
HOUSTON – (Realty News Report) – Exan Capital, a Miami-based real estate investment firm, has acquired a 1 million-square-foot Amazon fulfillment center in Brookshire, west of Houston. Amazon has been undertaking a nationwide construction push with more than 1,000 distribution facilities under development. The COVID-19 pandemic accelerated the shift to e-commerce as consumers increasingly preferred … Read more
The Diamond Offshore building in Houston’s Energy Corridor. HOUSTON – (Realty News Report) – Diamond Offshore Drilling, headquartered in Houston, announced Monday that it has filed for Chapter 11 bankruptcy protection. The company’s corporate offices are located in a multi-tenant, eight-story office building totaling 182,000 square feet at 15415 Katy Freeway in the Energy Corridor, … Read more
A new public park is under development on three-quarters of a block in downtown Houston. HOUSTON – The Downtown Redevelopment Authority has issued a request for landscape design consultants to create a plan for the new Southern Downtown Park. The proposed park will occupy three-quarters of a city block bounded by Bell, San Jacinto, Leeland … Read more
HOUSTON – (Realty News Report) – Grubbs Automotive is expanding into the Houston market with plans to develop a Volvo dealership on Washington Avenue, near Old Katy Road and north of Interstate 10. The location sits close to Houston’s centrally located Memorial Park and is well-positioned within a growing commercial corridor. Grubbs Automotive has signed … Read more