Rendering of a former Walmart in northwest Houston which will be redeveloped as Megacenter. HOUSTON – A former Walmart store on FM 1960 near Willowbrook Mall is being transformed into Megacenter Willowbrook, a 236,000-square-foot mixed-use facility. Megacenter is operated by Red Megacentro, a company with more than 40 locations across Chile, Peru, South Florida and … Read more

Rendering of a 500,000-SF industrial building under development by Houston-based Avera Co. The 40-acre project will have 10,000 linear feet of rail. BAYTOWN, Texas — Avera is developing a 500,000-square-foot industrial building in Baytown for Vinmar International, a global petrochemical marketer and distributor. The facility will sit on a 40-acre parcel on Sutton Road near … Read more

Ben Caballero HOUSTON – (Realty News Report) – Texas home builders posted a strong year for new-home sales in 2017, according to a report by HomesUSA.com. “We are coming off one of the best years in recent Texas new home construction history, despite the devastating impact of Hurricane Harvey,” said Ben Caballero, owner of HomesUSA. … Read more

Post Oak Central HOUSTON – (Realty News Report) – Apache Corporation has signed a 60-month extension to its 524,342-square-foot lease at Post Oak Central, the Uptown Houston office complex that has housed the company’s headquarters for years. The new lease term now runs through December 31, 2024, securing Apache’s presence at the campus for nearly … Read more

The historic Jones on Main office, an art deco building in downtown Houston, has attracted WeWork and cutting-edge tenants to space that once housed petroleum pioneers such as Texaco and Gulf Oil. HOUSTON – Can a century-old office tower that once dominated Houston’s skyline for decades remain relevant in a technology-driven era? Midway and Lionstone … Read more

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Is the American dream evolving? Wan Bridge Group, a Texas-based developer and operator of build-to-rent (BTR) communities near Houston, Dallas and San Antonio, believes the answer is yes. Wan Bridge’s strategy targets research indicating many millennials prefer not to commit to a 30-year mortgage. … Read more

HOUSTON – (Realty News Report) – Midway, the Houston-based real estate developer known for notable mixed-use projects, has launched an internal retail leasing department to manage leasing across its property portfolio. The company has named veteran retail specialist Lacee Jacobs to lead the newly formed Strategic Leasing and Advisory Services team. Midway’s developments include CityCentre … Read more

RNR Real Estate Briefs from Realty News Report – HOUSTON — Colliers announced the sale of the 66-unit White Oak Highline apartments located at 610 Oxford Road in Houston’s Heights neighborhood. The buyer was Greenhouse White Oak. Colliers’ brokers Jim Humphries, J. Todd Stewart, Chip Nash and Bob Heard of Colliers represented the seller, UG … Read more

Shad Bogany HOUSTON – (Realty News Report) – Houston set a new record for single-family home sales in 2019, with 86,205 closings, an increase of 4.8 percent compared with 2018, the Houston Association of Realtors reported Wednesday. Strong demand was driven by mortgage rates that fell below 4 percent, steady job growth and a broader … Read more

The Parkview Plaza development in New Braunfels, located between San Antonio and Austin. NEW BRAUNFELS, Texas – PNC Bank has leased Parkview Plaza, a newly completed 58,574-square-foot Class A office building in New Braunfels. The building was developed by San Antonio-based Koontz Corporation, which is also developing an additional 47,000-square-foot office building nearby. Headquartered in … Read more