Emerson acquired this building in Westchase. HOUSTON – Emerson, the St. Louis–based technology and engineering firm, has purchased a two-story, 151,000-square-foot building at 6001 Rogerdale Road in the Westchase area. The transaction was handled by JLL brokers Rudy Hubbard, Kevin McConn and Rick Goings, with Curtis Stanton of Axiom representing Emerson. The seller was 111 … Read more
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