Sue Ansel AUSTIN – (Realty News Report) – Short-term rentals (think Airbnb or WhyHotel) have become a major conversation in the multifamily industry. Integrating the short-term rental (STR) model into an apartment community is complex, but it can make economic sense—especially during a new urban project’s lease-up phase. “There’s certainly a feeling of things warming … Read more
HOUSTON – (Realty News Report) – Collins Aerospace, a unit of Raytheon Technologies, announced plans to build a 120,000-square-foot campus to support spaceflight activities and host Houston’s first dedicated spaceflight incubator. The development will be located at the 400-acre Houston Spaceport at Ellington Airport, situated on the southeast side of Houston near Space Center Boulevard. … Read more
John Nugent, chairman of the Houston Association of Realtors HOUSTON – (Realty News Report) – Houston’s home sales reached record levels in February, yet the housing market is now confronting significant challenges as the spring buying season begins. The local economy faces added pressure from falling oil prices combined with the economic slowdown tied to … Read more
Rendering of Seville at Clay Road. KATY, Texas – (Realty News Report) — Blazer has begun construction on Seville at Clay Crossing, a luxury apartment community. The development will consist of 351 units at the southeast corner of Grand Parkway (SH 99) and Clay Road in Katy. Seville at Clay Crossing will include a variety … Read more
RICHMOND, Texas — (Realty News Report) — Construction has begun on an 850,000-square-foot Amazon e-commerce fulfillment center in Richmond, located west of Houston near the Grand Parkway. Scheduled to open in 2021, the facility is expected to create approximately 1,000 full-time jobs, providing important economic relief to the Houston area, which has seen significant job … Read more
NASHVILLE – (Realty News Report) – Houston-based Hines has sold an 843,000-square-foot shopping center in suburban Nashville in what the buyer describes as the largest shopping center transaction of 2020. The power center, known as The Avenue Murfreesboro, is located in Murfreesboro, Tennessee, about 30 miles southeast of downtown Nashville. The acquiring partnership — a … Read more
Downtown Austin has attracted Facebook, Google and other tech tenants. AUSTIN — Trammell Crow Company has announced plans to develop a 37-story office tower on Block 71, a downtown Austin parcel owned by the University of Texas System, according to reporting by Shonda Novak of the Austin American-Statesman. The proposed tower would deliver approximately 665,000 … Read more
Wade Bowlin HOUSTON – (Realty News Report) – In a major move this spring, Houston-founded PMRG, a longstanding privately held commercial real estate firm known for project leasing, property management, investment management and development services, merged with Madison Marquette, a leading national private company focused on commercial real estate investment and operations. Madison Marquette is … Read more
The 1177 West Loop South building is being renovated. Image: Gensler. HOUSTON – (Realty News Report) – Hicks Ventures and Taconic Capital Advisors have announced a $6 million renovation plan for the 18-story office tower at 1177 West Loop South, located in the Galleria submarket. The 342,000-square-foot building, which opened in 1979, sits on the … Read more
HOUSTON – (Realty News Report) – Hines has agreed to acquire 7 Soho Square, a 62,000-square-foot building located in one of the most dynamic and popular areas of London’s West End. The transaction, valued at $99 million, is expected to close in mid-October, with the buyer being the Hines Pan‑European Core Fund. Peter Epping, Senior … Read more