HOUSTON – (Realty News Report) – An affiliate of Rycore Capital has acquired Bellaire Medical Plaza, a 58,517-square-foot medical office building near the city of Bellaire. The property at 5420 Dashwood Dr. sits near the northeast corner of Bellaire Boulevard and Chimney Rock Road. This transaction underscores growing momentum for medical investment in the Bellaire … Read more
HOUSTON – (Realty News Report) – After weathering Hurricane Harvey and completing two years of major renovations, Dart Interests is relaunching Republic Square, a reimagined campus in Houston’s Energy Corridor. Located on 35 acres along Interstate 10, Republic Square once served as the headquarters for Exxon Chemical. The campus, at 13501 Katy Freeway with direct … Read more
NEW YORK– (Realty News Report) – WeWork, the flexible co‑working space operator, has agreed to merge with BowX Acquisition Corp., a special purpose acquisition company (SPAC). Under the agreement, WeWork will become a publicly traded company. The transaction values WeWork at an initial enterprise value of approximately $9 billion and will provide the company with … Read more
Scott Ziegler at book signing. Photo: R. Bivins HOUSTON – (Realty News Report) – Scott Ziegler, AIA, Senior Principal at the Urban Residential Studio of Houston-based Ziegler Cooper Architects (ZCA), is an urbanist whose work has shaped Houston and affected the lives of many Houstonians. Realty News Report sat down with Ziegler for an in-depth … Read more
The historic Southwestern Bell Building in Downtown Houston will be transformed into a Hyatt Place hotel. HOUSTON — A new Hyatt Place hotel is planned for downtown Houston, following the approval of financing to convert a landmark office building into a modern, select-service hotel. Dallas-based Hall Structured Finance has closed a first-lien construction loan of … Read more
HOUSTON – (By Larry Koestler) – Even a global pandemic couldn’t dampen Houstonians’ appetite for craft beer. Despite the closure of a few breweries over the past year-plus, the Greater Houston area has seen its overall brewery count continue to rise—by a substantial margin. The last time NAI Partners analyzed the Greater Houston craft beer … Read more
Hilton Cleveland Downtown, designed by Cooper Carry, demonstrates new design trends. LAS VEGAS – (Realty News Report) – As travelers increasingly seek authentic experiences, hotels are expanding and diversifying their food & beverage (F&B) offerings to create more memorable stays and boost revenue. That insight came from the “Hotel and Casino Trends: New Designs and … Read more
Texas Eye Institute has renewed its lease for a 16,000-square-foot office at 7710 Beechnut St., Houston. John Zivley of NAI Partners represented the tenant. Ace Schlameus and Jenny Seckinger of Colliers represented the landlord. ……………………………………………….. Colliers International announced two new leases at West by Northwest Business Park in Houston, bringing the center to full occupancy. … Read more
HOUSTON – (Realty News Report) – New Hope Housing has opened the Dale Carnegie community in Southwest Houston, advancing the organization’s mission to provide safe, affordable housing for people living on limited incomes. The community is located at 7025 Regency Square Blvd., on a two-acre site in the Sharpstown neighborhood, just west of Hillcroft and … Read more
Houston Apartment Association panel: Stacy Hunt, Ric Campo, Patrick Jankowski, Bruce McClenny, Cyrus Bahrami, Manu Gupta. Photo credit: Ralph Bivins HOUSTON – (Realty News Report) – Apartment rents in Houston are expected to rise in 2019 as strong job growth and steady homebuying trends support the multifamily market, according to a panel of industry leaders. … Read more