Rendering of proposed new resort on Tiki Island near Galveston. GALVESTON – (Realty News Report) – Austin-based developers Legend Communities and Tiki Time, LLC have unveiled plans for Tiki Island Residences and the Boathouse Resort, a new upscale waterfront community on Tiki Island near Galveston. Planned for a six-acre site, the development will combine residential … Read more

Gerald D. Hines ALLEN, Texas — Hines is preparing to announce a major mixed-use development on a 100-acre site in the Allen area of North Texas, according to reporting by Steve Brown of The Dallas Morning News. The planned project will feature a mix of office space, retail and urban-style residential buildings, the report said. … Read more

RigNet leased 28,808 SF in Park Ten Plaza in Houston’s Energy Corridor. HOUSTON — RigNet, a global provider of digital technology solutions for the energy sector, has signed a lease for 28,808 square feet of office space at Park Ten Plaza in Houston’s Energy Corridor. The lease increases occupancy at the 155,140-square-foot property to approximately … Read more

One BriarLake Plaza in Houston is part of the TIER REIT portfolio. DALLAS and ATLANTA – Dallas-based TIER REIT is merging with Atlanta’s Cousins Properties to form a combined real estate company valued at approximately $7.8 billion, creating an expansive presence across the Sun Belt in both southeastern and southwestern states. Following the merger, the … Read more

Aerial view of Pinto Business Park in North Houston. HOUSTON — Construction is underway on a 600,000-square-foot build-to-suit facility for Emser Tile at Pinto Business Park, a commercial development in north Houston owned by Houston-based Hines and its joint-venture partner Kohlberg Kravis Roberts & Co. Located near the southwest corner of Beltway 8 and I-45 … Read more

Patrick Jankowski HOUSTON — According to the Texas Workforce Commission, the Houston metropolitan area added approximately 72,600 jobs over the 12 months ending in February 2019. The region’s unemployment rate improved to 4.2 percent in February 2019, down from 4.7 percent a year earlier in February 2018. Within the energy sector, oilfield services added about … Read more

The 811 Louisiana building was recently redeveloped. In the biggest lease of the year, Targa Resources leased 127,734 SF in the building. HOUSTON — Targa Resources Corp., one of North America’s largest independent midstream energy companies, has signed a long-term office lease at 811 Louisiana, a Class A office tower totaling 577,735 square feet in … Read more

The Earthman Funeral Home building in Bellaire, Texas, has been sold. BELLAIRE, Texas — United Equities, a Houston-based real estate firm, has purchased the former Earthman Funeral Home building in Bellaire along with an adjacent retail center. The 10,500-square-foot funeral home, located at 6700 Ferris just north of Bissonnet Street, is currently undergoing redevelopment. Doug … Read more

Travis Overall, leader of Brookfield’s Houston office business. HOUSTON – Brookfield Asset Management has agreed to acquire the Houston Center office complex in downtown Houston for $875 million. The 4.2 million square foot portfolio transaction ranks among the largest in the city’s history and significantly expands Brookfield’s footprint in the downtown core. J.P. Morgan Asset … Read more

CORSICANA, Texas – Dart Container, the company known for producing Solo cups, has purchased a 1.4 million-square-foot industrial facility situated on 139 acres near Interstate 45, south of Dallas. The site includes Union Pacific rail access and formerly operated as a Home Depot distribution center. Holmes Davis of Binswanger represented the seller, Eliken Property Management, … Read more