RNR Real Estate Briefs from Realty News Report –HOUSTON — Colliers announced that Sambrooks Management Company has leased a 4,852-square-foot retail space at 3201 Allen Parkway in Houston. The landlord is Radom Capital. Wade Greene and Hannah Tosch of Colliers represented the tenant, which will open a restaurant. HOUSTON — The Ion, the city’s collaborative … Read more

Crow building 1.2 million SF of industrial space in South Dallas County. DALLAS — Crow Holdings Capital-Real Estate has begun development of a 1.2 million-square-foot speculative industrial project in southern Dallas County. Named I-35 Logistics Crossing, the development will consist of two buildings, each roughly 611,000 square feet. Crow Holdings plans to build both structures … Read more

Hines will build the six-story T3 Goose Island building with heavy timber. Design by DLR Group and Michael Green Architects. CHICAGO – Hines is taking a different approach for its next Chicago office project: instead of the conventional steel frame, the developer will use heavy timber. The six-story building, named T3 Goose Island, marks the … Read more

Rendering of Zoey, a multifamily development underway in Austin. Image: MSC Architects. AUSTIN – (Realty News Report) – The Michaels Organization, headquartered in Camden, New Jersey, has broken ground on a 307-unit multifamily development at 5700 East Riverside Drive in Austin. The $59 million project represents Michaels’ first development in Austin, one of the fastest-growing … Read more

Allen Crosswell HOUSTON — NewQuest Crosswell has unveiled plans to develop a 150,000-square-foot retail center along U.S. Highway 59 in the Kingwood area northeast of Houston. The proposed development will occupy a 35-acre parcel near Kingwood Parc Drive, positioned between Loop 494 and Highway 59. The retail center is slated to include multiple restaurants and … Read more

Tilman Fertitta, Houston-based restaurant owner. HOUSTON – (Realty News Report) – Tilman Fertitta, the Houston-based restaurateur and casino owner, has seen roughly one-third of his wealth wiped out — about $2 billion — over the past month as a result of the coronavirus pandemic, Bloomberg News reports. Fertitta, who was worth more than $5 billion … Read more

HOUSTON – (Realty News Report) – Indus Management, a Houston-based multifamily investment and management firm, has acquired two workforce multifamily communities located within a Qualified Opportunity Zone in Southwest Houston. The combined portfolio comprises 687 units, according to Berkadia, the real estate advisory firm that marketed the properties. The seller was the Barvin Group, a … Read more

HOUSTON – (Realty News Report) – Houston home sales surged 29 percent in October as persistently low mortgage rates encouraged buyers to act, the Houston Association of Realtors reported Wednesday. This marked the strongest October on record for the Houston housing market. The association reported 9,287 single-family homes sold in October, up from 7,187 sales … Read more

Woody Mann Jr. KATY, Texas – (Realty News Report) – The old advice “Go west, young man,” often credited to Horace Greeley, is the approach Woody Mann Jr. embraced more than thirty years ago. As a young developer he purchased land in far west Houston near Katy that eventually became the highly successful LaCenterra at … Read more

Thanksgiving Square monument in Downtown Dallas. Copyright photo by Ralph Bivins. 2016 Happy Thanksgiving from Realty News Report. We are grateful to our readers, partners, and friends for their continued support. We wish everyone a joyful holiday spent with family and friends and hope you have safe travels. 2016 has been an exceptional year for … Read more