RNR Real Estate Briefs: Market Updates for HOU, DAL, AUS, SAT, MIA, ATL, JFK, MCO, OAK

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HOUSTON – (RNR Real Estate Briefs) — NAI Partners arranged an 18,573-square-foot industrial lease for Modern Chemical, LLC, at 1103 East Airtex in Houston. NAI Partners’ Jon Silberman represented the tenant, while Travis Land, also with NAI Partners, represented the landlord. PEARLAND — Colliers International handled the sale of Pearland Premier Surgical Center, a 10,623-square-foot … Read more

East Side Story: Thriving Neighborhood with High Occupancy

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HOUSTON – (Realty News Report) – East Houston has relatively few office buildings, but the ones that exist are largely occupied. This submarket sits along Interstate 10 East, close to working-class neighborhoods and within reasonable distance of the Houston Ship Channel. Submarket Occupancy Reaches 91.3 Percent Colliers designates this area as Houston’s I-10 East office … Read more

Inside Houston’s Top Restaurants: A Local Dining Notebook

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Branzino con Gnocchi al Limone served at Amalfi. HOUSTON – (By Michelle Leigh Smith) – Amalfi Ristorante Italiano & Bar draws a lively crowd each afternoon around 3 p.m., not only Italian businessmen but also fathers bringing their children after soccer and well-dressed women dining together. The menu features dishes such as Salmon Scozzese, Branzino … Read more

Houston Home Sales Hit Record Highs: Market Report & Trends

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HOUSTON – (Realty News Report) – Fueled by historically low mortgage rates, Houston home sales surged in 2020 to a record high, finishing the year with a 10.5 percent increase over 2019. Instead of following the usual seasonal slowdown in November and December, sales accelerated as the year closed. The Houston Association of Realtors (HAR) … Read more

Hines Builds New Phoenix Tower Next to Suns Arena

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PHOENIX – (Realty News Report) – Hines has announced the structural topping out of Adeline, a new residential high-rise at the Collier Center in downtown Phoenix. Adeline rises 25 stories on a 1.46-acre site at 222 E. Jefferson Street and will include 75 studio, 179 one-bedroom, and 125 two-bedroom residences. Units will feature floor-to-ceiling windows … Read more

Houston Apartment Construction Holds Steady Despite Economic Headwinds

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Stacy Hunt of Greystar addresses the Houston Apartment Association. (Photo credit Ralph Bivins, Realty News Report.) HOUSTON – (Realty News Report) – Despite early signs of economic softening, Houston’s apartment development market is projected to remain active throughout 2020, with developers accelerating construction and deliveries across the region. ApartmentData.com projects roughly 17,000 new apartment units … Read more

Hillwood Acquires Transwestern Business Center: Major Industrial Deal

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Mason Creek Business Center HOUSTON — An affiliate of Hillwood, the Dallas-based development firm led by Ross Perot Jr., has purchased the Mason Creek Business Center, a Class A industrial park in Houston’s Energy Corridor. The property totals 339,000 square feet and sits at the northeast corner of Interstate 10 and Mason Road, roughly one … Read more

Houston Shopping Center Purchased by Investor Wu: What It Means

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Beechcrest Shopping Center. Photo credit: Mabry Campbell HOUSTON – (Realty News Report) – Wu Investments has purchased Beechcrest Shopping Center, an 89,679-square-foot retail complex anchored by a local grocery store in southwest Houston. The center occupies 7.17 acres at 10828 Beechnut Drive, near Wilcrest Street. HFF brokers Ryan West, John Indelli, Charles Strauss and Ethan … Read more

Houston Brewery Warehouses Surge: Brewers Expand Space by 256%

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Favorite Brands, a distributor of craft beer, wines and spirits, leased space in northwest Houston. HOUSTON – (By Kyle Hagerty for Realty News Report) – Demand for industrial space from brewers is booming across Houston. A few years ago the city hosted 18 craft breweries occupying 225,272 square feet of manufacturing and warehouse space. Today, … Read more