HOUSTON – (Realty News Report) – August 2020 set a new record as the strongest August for home sales in Houston history, and momentum in the market appears likely to continue. The Houston Association of Realtors reported 9,195 single-family homes sold in August 2020, a 6 percent increase from the 8,673 homes sold in August … Read more

HOUSTON – (Realty News Report) – Hallmark Floors has acquired a newly constructed 170,476-square-foot distribution center near Pasadena and the Port of Houston. Nathan Wynne and Cape Bell of CBRE represented the seller, Vigavi SEDC, LLC. “Ideally located near the Port of Houston, we will be able to better serve our distributors and dealers east … Read more

New Residence Inn Medical Center HOUSTON – Arch-Con Construction of Houston has reached the topping out milestone on the 16-story Residence Inn Medical Center. The 182-room hotel is being developed by Moody National Companies, a Houston-based firm led by Brett Moody. Located within walking distance of NRG Stadium, the hotel is scheduled for completion in … Read more

The Welcome Group is developing this new building on the Beltway west of Highway 288. Photo credit: Ralph Bivins, Realty News Report. HOUSTON – The Welcome Group is developing an industrial property on the South Sam Houston Parkway, just west of Highway 288 near Almeda School Road. The South Sam Houston Parkway corridor has seen … Read more

HOUSTON – (Realty News Report) – Jane Page has been named chairman of Lionstone Investments. Brian Sanchez, formerly the firm’s Chief Investment Officer, was promoted to CEO effective June 1. Andy Lusk was appointed chief investment officer. Page, who joined Lionstone in 2012 and became CEO in 2014, led the company’s sale to Columbia Threadneedle … Read more

HOUSTON – (Realty News Report) – Hines announced that the board of directors of Hines Global Income Trust has appointed two new members to its board: Laura Hines-Pierce, senior managing director in the Office of the CEO at Hines, and Dr. Ruth J. Simmons, president of Prairie View A&M University, effective immediately. With these appointments, … Read more

HOUSTON – (Realty News Report) – McNair Interests, affiliated with the ownership of the NFL’s Houston Texans, is preparing to break ground on a 330-unit apartment community in the Westchase District of west Houston. The McNair site, one of the largest remaining vacant tracts in urban west Houston, sits at 400 West Sam Houston Parkway … Read more

LONDON and AUSTIN – (Realty News Report) – Whim Hospitality, based in Austin, has acquired The Old Bell Hotel, a 13th-century inn in Wiltshire widely regarded as one of England’s oldest hotels. Located in the historic market town of Malmesbury, north of the River Avon and adjacent to a 12th-century abbey, the 34-bedroom country hotel … Read more

Tyler Garrett HOUSTON – (Realty News Report) – Houston’s central business district office market has experienced significant challenges. With roughly 2 million square feet of sublease space available, the downtown vacancy rate hovers near 20 percent. New developments, such as Hines’ project on the former Houston Chronicle site, will add more inventory and increase pressure … Read more

(RNR) – By Ralph Bivins — THE FABLE: Once there was a Texas boy who grew into a young man and admired a young woman. The high point of his day — the single word that made his heart race — was hearing her say “here” during homeroom roll call. At school, a small army … Read more