HOUSTON – (Realty News Report) – Luton Underwood Development Partners is developing a single-family rental community in the Greenspoint submarket of north Houston. The project will occupy 10.6 acres at 11514 Trickey Road, near Gears Road. The community will include 44 single-family rental homes and is expected to be completed in the fourth quarter of … Read more
Tom Bacon HOUSTON – (By Michelle Leigh Smith for Realty News Report) – As Houston prepares to invest billions and make crucial decisions on flood management, the city faces a pivotal moment, says Tom Bacon, co-founding partner of Lionstone Investments in Houston. “We’re at a decisive juncture,” Bacon said. “We must invest wisely and hold … Read more
AUSTIN – (Realty News Report) – An Amazon last-mile distribution facility in Austin has been sold to Four Springs Capital Trust, a real estate investment trust based in Lake Como, New Jersey. Last-mile distribution centers are designed to be close to residential neighborhoods and act as the final staging point before packages are delivered to … Read more
HOUSTON – (Realty News Report) – The Houston office market is experiencing significant strain as vacancy rates climb amid current economic challenges. Nearly 50 million square feet of office space in Houston now sit vacant, and many industry observers fear a large portion of that space may remain unfilled for an extended period. Owners of … Read more
HOUSTON – (Realty News Report) – Two Westlake Park, a 17-story office tower located in Houston’s Energy Corridor, has been foreclosed. The 454,843-square-foot building, situated south of Interstate 10 and east of Highway 6, was acquired in 2014 by a partnership between Hicks Ventures and Pimco for $120 million, according to Real Estate Alert. Developed … Read more
COLLEGE STATION, Texas – (Realty News Report) – In one of the year’s largest student housing transactions, investors have acquired Northpoint Crossing, a major rental community serving Texas A&M University, the nation’s largest public university with more than 71,109 students enrolled. Northpoint Crossing is a 627-unit, 842-bed community that was purchased by a joint venture … Read more
HOUSTON – (Realty News Report) – Gerald D. Hines celebrated his 95th birthday last week. Mr. Hines founded his real estate company in Houston in 1957. Over the decades his firm’s skyscrapers have become defining features of city skylines worldwide. His hotels and residences offer places for rest and reflection, while his public plazas and … Read more
Rendering of Marlowe condominium project under construction in downtown Houston by Randall Davis. HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Low maintenance. Excellent views. No flood worries. More homebuyers are asking: What’s not to like about condominiums? “Condo sales began to pick up notably in 2017,” says Amy Bernstein of Bernstein Realty … Read more
HOUSTON – (Realty News Report) – Houston entrepreneur Tilman J. Fertitta announced that Landry’s, Inc. has completed its acquisition of Del Frisco’s Double Eagle Steakhouses and Del Frisco’s Grille locations. The seller was L Catterton, a large global consumer-focused private equity firm. Reports indicated the purchase price was in the range of $300 million to … Read more
Bob Mohr THE WOODLANDS – (Realty News Report) – Mohr Capital, a Dallas-based real estate investment firm, has purchased the property housing the 7 Leguas Mexican restaurant in The Woodlands as part of a planned redevelopment. The redevelopment calls for demolition of the existing 7 Leguas building on FM 1488 and construction of a new … Read more