The Estates apartment is one of several multifamily properties sold in South Austin. AUSTIN – Newmark Knight Frank has completed the sale of three multifamily communities totaling 905 units in South Austin. Patton Jones, vice chairman in NKF’s Multifamily Capital Markets group, negotiated the transactions. “The South Austin submarket is one of the strongest suburban … Read more
Cindy Hamann, chair of Houston Association of Realtors HOUSTON – The Houston Association of Realtors (HAR) and its Commercial Gateway division have partnered with Xceligent to launch an online temporary space finder to help businesses displaced by Hurricane Harvey find short-term commercial leases. Available listings are hosted on the Commercial Gateway site at www.CommGate.com. The … Read more
Meritage Homes leased 22,000 SF of office space in the Westchase area of Houston. HOUSTON – Meritage Homes of Texas, LLC has signed a lease for 22,032 square feet at 3250 Briarpark in Houston’s Westchase business district. Headquartered in Scottsdale, Arizona, Meritage is one of the nation’s largest home builders, having delivered 1,969 homes in … Read more
Hines breaks ground in March on a 46-story residential tower in downtown Houston. Architecture: Munoz + Albin. HOUSTON – Hines will begin construction in March on a 46-story residential tower that will become the tallest apartment building in downtown Houston. Called The Preston, the development is being delivered in partnership with Cresset Wealth Advisors and … Read more
HOUSTON – (Realty News Report) – Coterra Energy Inc. has leased 122,000 square feet in Three Memorial City Plaza, a building currently undergoing a $20 million renovation. New Headquarters for Coterra Energy Cabot Oil & Gas, which had been a tenant at Three Memorial City Plaza since 2008, merged with Denver-based Cimarex Energy in October … Read more
HOUSTON – (RNR Real Estate Briefs) – Colliers International’s Design and Construction Advisory Services team has been retained to provide project management services for PCS Software Inc., which leased 25,772 square feet at 2103 City West Blvd. The landlord, PKY-2101 CityWest 3 & 4, LP, was represented by JP Hutcheson of Parkway Property Investments. Jay … Read more
Rendering of RidgeWood Plaza II building under construction in north San Antonio. SAN ANTONIO – A groundbreaking ceremony will be held Wednesday for two new buildings within the 122-acre RidgeWood Park, developed by Worth & Associates in the far North Central San Antonio submarket. Both projects, planned for completion in summer 2020, are situated along … Read more
HOUSTON – (By Michelle Leigh Smith for Realty News Report) – An extreme cold snap, burst pipes and power outages disrupted the Houston real estate market last week, leaving agents and property managers scrambling to address weather-related damage. Many homes under contract sustained water damage after pipes froze and burst during the unusually low temperatures. … Read more
ROSENBERG, Texas — (Realty News Report) – Imeri Enterprise, an Illinois-based company, has acquired the 56-room La Quinta Inn & Suites Rosenberg, located at 28332 Southwest Freeway. The seller was Houston-based Gayatri International LLC. “Buyers from across the country are increasingly attracted to Texas because of its strong, growing economy,” said Dennis Drake, Vice President … Read more
GreenStreet in downtown Houston is undergoing a major capital improvement program. HOUSTON – (Realty News Report) – JLL has secured a $140 million refinancing for GreenStreet, a 617,000-square-foot mixed-use development in downtown Houston. JLL represented the borrowers, Lionstone Investments and Midway, in arranging the loan, which was provided by Blackstone Real Estate Debt Strategies. GreenStreet … Read more