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

Cindy Hamann, chair of Houston Association of Realtors HOUSTON — Houston’s housing market showed notable resilience after Hurricane Harvey, with home sales rebounding sharply in September following the storm’s disruption in August. “Few expected to see sales recover so quickly after a disaster of Harvey’s scale, but the September report highlights the strong resilience of … Read more

EaDo property sold to investors. HOUSTON – EaDo Properties LP has acquired a 100,000-square-foot parcel on the east side of downtown, consisting of four buildings along the Gulf Freeway at Sampson Street near Coyle Street. The acquisition presents strong redevelopment potential in a neighborhood that has seen growing investment and revitalization. According to Fred Ghabriel … Read more

Historic 714 Main building in Fort Worth. FORT WORTH – Tennessee-based Development Services Group has acquired the historic 714 Main building in downtown Fort Worth. XTO Energy, a shale-focused company owned by Exxon Mobil, recently vacated the 24-story property as part of a relocation that moved roughly 1,000 XTO employees to Exxon Mobil’s corporate campus … Read more

HOUSTON – (Dale King, Realty News Report) – Berkadia Institutional Solutions has arranged the sale and financing of The Heights Collection, a two-property portfolio totaling 646 Class A multifamily units in the Houston Heights neighborhood, to Florida-based Cardone Capital. The acquisition was led by Cardone Capital’s CEO, Grant Cardone, known to television audiences as the … Read more

HOUSTON – (Realty News Report) – Canyon Partners Real Estate has acquired a $45 million preferred equity stake in Drewery Place, a newly built 27-story multifamily tower in Midtown Houston. The Class-A Drewery Place apartment building contains 357 residential units and approximately 11,000 square feet of street-level retail space. The project was developed in 2019 … Read more

Two-building campus sold in North Houston. Photo: Colliers HOUSTON – Colliers International completed the sale of the Houston Office Campus, a two-building, Class B suburban office portfolio totaling 234,746 square feet in North Houston, near Beltway 8 and George Bush Intercontinental Airport. The portfolio comprises the 87,611-square-foot Belchase Building at 263 N. Sam Houston Parkway … Read more

Laurie Baker HOUSTON – (Realty News Report) – Laurie Baker, a former national president of the Commercial Real Estate Women (CREW) Network, has been promoted to Executive Vice President of Operations at Camden Property Trust. Headquartered in Houston, Camden Property Trust owns interests in and operates 165 properties comprising 56,271 apartment homes across the United … Read more

IRVINE, Calif. – Parimal M. Rohit, a respected journalist who covered real estate and related topics in California and Texas, died suddenly on Tuesday at the age of 48. Rohit, who most recently covered the real estate beat for the Orange County Business Journal, suffered a heart attack shortly after submitting a news story. That … Read more

Rendering of One Madison Avenue under development by Hines and S.L. Green. Architecture: Kohn Pedersen Fox NEW YORK – Houston-based Hines, together with the National Pension Service of Korea, has acquired a 49.5 percent interest in One Madison Avenue to undertake a major redevelopment that will add 17 new floors of office space. When completed, … Read more