AUSTIN – (Realty News Report) – Austin-based Pearlstone Partners and New York-based ATCO Properties & Management have begun construction on a 41-story residential high-rise at 84 East Avenue in Austin’s lively Rainey Street Historic District. The co-developers have completed demolition of existing structures on the site and are moving forward with construction of the new … Read more

Greenway Plaza is located near the Southwest Freeway. HOUSTON – (Realty News Report) – PBK, a multidisciplinary architecture and engineering firm, has expanded and upgraded its corporate headquarters at 11 Greenway Plaza inside Houston’s Inner Loop. This work represents the second phase of a 40,000-square-foot renovation. When the project is complete in October, the updated … Read more

HOUSTON – (Realty News Report) – The historic Eldorado Ballroom in Houston’s Third Ward will undergo a $9.6 million restoration and expansion led by Project Row Houses in partnership with Hines. Founded in 1939 by Anna Johnson Dupree and Clarence A. Dupree, the Eldorado—affectionately known as “The Rado”—was one of the nation’s most important venues … Read more

HOUSTON – (Realty News Report) – Wolff Companies marked the groundbreaking for Beacon Hill, a 521-acre mixed-use development that will benefit from planned improvements to U.S. Highway 290. With 4,200 feet of frontage on U.S. 290, the project dedicates 251 acres along the freeway to a business park that will accommodate light industrial, distribution, office, … Read more

Southern Downtown Park, bounded by Fannin, San Jacinto, Leeland and Bell, will add green space to downtown Houston. HOUSTON – Plans for a new downtown park are advancing: the Downtown Redevelopment Authority has chosen a restaurant operator and scheduled groundbreaking for March 2020. The park is planned to open in March 2021 and will occupy … Read more

HOUSTON – (Realty News Report) – The Ion innovation hub, a redevelopment of the former Midtown Sears building, has secured its first tenant: Chevron. The Art Deco building, erected in 1939 on Main Street near the former Delman Theater, is being transformed into The Ion, a collaborative innovation campus intended to support startups and foster … Read more

Parkway’s Post Oak Central. HOUSTON – Parkway Properties Investments has signed M.M. LaFleur, the upscale women’s apparel and styling brand, as a new retail tenant at Post Oak Central. The agreement is part of Parkway’s ongoing strategy to elevate the development’s retail offerings and create a luxury-driven campus experience. “This lease advances our objective of … Read more

DALLAS – (By Dale King, Realty News Report) – The Dallas-Fort Worth retail market ended 2020 with an occupancy rate of 91.7 percent, down from 93.7 percent in 2019. While this decline reflects challenges facing physical retailers, it remains a relatively solid performance given the combination of long-term online competition and the acute impacts of … Read more

Chateaux Dijon Apartments HOUSTON — Florida-based Avesta Communities has purchased the 426-unit Chateaux Dijon Apartments in an off-market transaction valued at more than $45 million. The property sits on a 10.8-acre site at 5331 Beverly Hill Street, within walking distance of the Galleria. At the time of the sale, Chateaux Dijon was approximately 90 percent … Read more

Final commercial reserves in Shadow Creek Ranch. PEARLAND, Texas – Larkspur Shadow Creek LLC has purchased a parcel in the Shadow Creek Ranch community, south of Houston, to develop a senior living campus. The property, located near the northeast corner of Shadow Creek Ranch Parkway and Kingsley, represents one of the last commercial reserve tracts … Read more