Patrick Jankowski HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Global economic turmoil is taking a toll on Houston, according to Patrick Jankowski, Senior Vice President of Research for the Greater Houston Partnership. Speaking at the Partnership’s annual Global Economic Outlook, Jankowski cited bleak forecasts, including BBC reporting that the world faces … Read more
Austin student housing tower sells for $100 million. AUSTIN – Nelson Partners, a California-based student housing investment and property management firm, has acquired Skyloft, an 18-story student housing high-rise in Austin with 674 beds. The $100 million purchase stands as one of the largest single-asset transactions in the student housing sector, according to Newmark Knight … Read more
AUSTIN – (Realty News Report) – Host Hotels & Resorts has completed a major renovation at the Hyatt Regency Austin, enhancing the growing vibrancy on the south side of Lady Bird Lake that runs through downtown Austin. Originally opened in 1982, the Hyatt Regency Austin was somewhat isolated from much of the downtown high-rise development … Read more
HOUSTON – (Realty News Report) – Five high-rise towers containing apartments, offices, shops, and restaurants will be developed around a central greenspace near Buffalo Bayou Park, just west of downtown Houston. The 14-acre project, named Autry Park, will sit on the western edge of Buffalo Bayou Park, and is located a short distance from the … Read more
HOUSTON – (Realty News Report) – Brookfield Properties has completed a multi-million-dollar renovation of Total Plaza, a 35-story Class A office tower in downtown Houston. Designed by Ziegler Cooper Architects, the redevelopment capitalized on the tower’s glass exterior to maximize natural light throughout the building. Built in 1971, Total Plaza earned recognition for its all-glass … Read more
Northborough Tower HOUSTON — Austin Management Group, a Houston-based firm led by Steve Moore, has purchased Northborough Tower, a 14-story office building at 100 Glenborough Drive in the Greenspoint submarket. The property totals 206,533 square feet and is currently vacant, although Noble Energy holds a lease covering 99 percent of the building through 2018. Transwestern … Read more
A two-story H-E-B has been proposed at Meyerland Plaza, near the J.C. Penney and the BBVA Compass bank. Photo credit: Ralph Bivins, Realty News Report. HOUSTON — Meyerland Plaza has been refinanced for $93 million, a move that could clear the way for a proposed two-story H-E-B grocery store at the center. H-E-B Grocery Co. … Read more
Rick Sharga HOUSTON – (By Dale King, Realty News Report) — Deciding whether it’s better to rent or buy a home remains a complex question. The right choice depends on an individual’s finances, career plans and a number of local variables—monthly housing costs, median rents and sale prices, property taxes and insurance—all of which factor … Read more
HOUSTON – (Realty News Report) – A joint venture between The J. Beard Real Estate Company and Outlier Capital has acquired Tomball Town Center, a 141,450-square-foot retail center located north of Houston. The grocery-anchored shopping center, led by Kroger, sits at 14320 FM 2920 and features frontage on all three primary retail corridors in Tomball. … Read more
SPRING, Texas – (Realty News Report) – Wood Partners, an Atlanta-based multifamily real estate development and acquisition firm, has broken ground on Alta Cathedral Lakes, a 300-unit apartment community in Spring, north of Houston. The project will be located at 698 Basilica Bay Drive within Cathedral Lakes, a new master-planned community in Spring that encompasses … Read more