AUSTIN – (Realty News Report) – The Texas housing market is expected to remain strong in the third quarter as low interest rates and tight inventory create an attractive environment for home sellers, according to a report from the Texas Realtors association. Dr. Jim Gaines “The housing market is one of the few sectors of … Read more
RNR Real Estate Briefs from Realty News Report HOUSTON — NAI Partners recently closed the sale of 8725 Meadowcroft Drive, a 20,900‑square‑foot industrial building in West Houston. Michael Keegan and Andrew Laycock of NAI Partners represented the seller. Hunter Johnston of Bridge Commercial represented the buyer, U.S. Living, a subsidiary of Sade Capital that focuses … Read more
Chris Lewis Hurricane Harvey struck Houston in late August 2017. Initially, observers thought the storm’s main damage affected residential properties while the office market would remain largely resilient. Over the following weeks, however, signs emerged that the office sector was not immune. Some new developments in the Energy Corridor experienced issues, and tenants such as … Read more
Tom Condon, Jr., Colliers International HOUSTON – Nickson Spell Road Industrial Ltd. will develop a 30,000-square-foot office-warehouse in the Tomball Business and Technology Park, located in north Houston. The speculative project will sit on a 2.9-acre parcel near Spell Road and Hufsmith Kohrville Road within the Tomball community in Harris County. Tom Condon Jr., senior … Read more
HOUSTON – (Realty News Report) – Stream Realty Partners has announced the closing of four new lease agreements at Waypoint Business Park, totaling more than 212,800 square feet. This activity highlights the accelerating strength of the industrial market in Southwest Houston and Missouri City, where warehouse construction has surged in recent years. In the third … Read more
The 209-unit Venue at Hometown apartment in Fort Worth has been purchased by Venterra Realty of Houston. FORT WORTH — Venterra Realty, based in Houston, has acquired Venue at Hometown, a 209-unit multifamily community located in North Richland Hills, a suburb of Fort Worth. Holliday Fenoglio Fowler (HFF) arranged acquisition financing for the transaction: a … Read more
AUSTIN – (Realty News Report) – Kilroy Realty Corp. has agreed to acquire Indeed Tower in downtown Austin for $580 million. Completed in May, Indeed Tower is a 36-story office building encompassing approximately 730,000 square feet. “I can’t overstate how well Indeed Tower fits with our strategic and property objectives. It is arguably the best … Read more
Rendering of Central Bank building in Dublin, which will be transformed to a mixed-use development and central plaza. Dublin — Hines and the Peterson Group are undertaking a major redevelopment of the former Central Bank headquarters in the city centre. The landmark building, originally designed by award-winning architect Sam Stephenson in the 1970s, was acquired … Read more
SELMA, Ala. – (Realty News Report) – With financing from a Houston-area bank, the historic St. James Hotel has been redeveloped and reopened near the Edmund Pettus Bridge, a key landmark in the Civil Rights movement. The 55-room hotel, originally built in 1837, reopened this week as part of the Hilton Tapestry Collection. The Edmund … Read more
HOUSTON – (By Dale King, Realty News Report) – The surge in COVID-19-related unemployment across the United States has forced millions of young adults to move back in with their parents. A survey by real estate website Zillow estimates the potential rent loss from Generation Z alone—those born in 1997 or later and raised entirely … Read more