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
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – July marked the third-highest month for single-family home sales in Houston’s real estate history. The Houston Association of Realtors reported 10,159 closed single-family home sales in July 2021, making it only the third month on record to top 10,000 sales. “We are pleased to … Read more
MANVEL, Texas – (Realty News Report) – Hillwood Communities, a Perot Company, has begun construction on Valencia, a new master-planned community in Manvel, just south of Houston. The 440-acre development will feature 938 single-family lots set among several miles of trails and multiple lakes. The plan includes 28 acres designated for commercial use and 15 … Read more
Hamid R. Moghadam, CEO of Prologis HOUSTON – Prologis Inc., one of the world’s largest industrial real estate firms, has agreed to acquire Liberty Property Trust in a $12.6 billion all-stock deal. Both companies hold substantial assets in Houston. Prologis’ Houston office manages an 18.5 million-square-foot portfolio, while Liberty controls 69 buildings totaling 10.4 million … Read more
The Retreat at Shadow Creek has been sold. HOUSTON – (Realty News Report) – Goldman Sachs Asset Management Private Real Estate has purchased the Retreat at Shadow Creek Ranch, a 370-unit multifamily community located in Pearland, Texas. Berkadia’s Houston office handled the transaction on behalf of the seller, Inland Private Capital Corporation, an Oak Brook, … Read more
Remembering When Acclaimed Landscape Architect James D. Burnett Spoke on (1) Downtown Houston, (2) Tearing Down the Pierce Elevated and (3) Building a Deck Park over TxDOT’s Proposed New Freeway Near Houston’s George R. Brown Convention Center. HOUSTON – (Realty News Report, Ralph Bivins Editor) – James D. Burnett, founder of the landscape architecture practice … Read more
HOUSTON – (Realty News Report) – The Houston District Council of the Urban Land Institute (ULI) has named Cortney Cole as the incoming Houston District Council Chair. Cole, a Managing Director in JLL Capital Markets’ Houston office with 23 years of experience in commercial real estate finance, will serve a two-year term leading the local … Read more
HOUSTON – (Realty News Report) – Puttshack, an experiential mini-golf venue that combines tech-driven courses with a restaurant, cocktails and a nightclub atmosphere, will open in the indoor mall in downtown Houston. The three-level retail center, known as The Shops at Houston Center, is the final segment of Houston Center awaiting redevelopment. Brookfield Properties recently … Read more
EHRA Engineering leased an office building in the Westchase area of Houston. Photo credit: NAI Partners HOUSTON – (Realty News Report) – EHRA Engineering has leased an entire office building in the Westchase submarket, NAI Partners announced. The two-story property at 10011 Meadowglen Lane sits between Westheimer Road and Richmond Avenue. EHRA Engineering will occupy … Read more
Nokia leases 350,000 SF in Billingsley project. DALLAS — The City of Dallas and Billingsley Company, developer of Cypress Waters, have announced that Nokia has signed a lease for 350,000 square feet to consolidate its Dallas–Fort Worth operations and relocate its North American headquarters to Cypress Waters. Nokia will occupy two buildings in The Sound … Read more