HOUSTON – (Realty News Report) – CBL & Associates Properties, owner of 107 shopping centers including Pearland Town Center, has filed for Chapter 11 bankruptcy protection in Houston. Chattanooga, Tenn.-based CBL has been under pressure as the coronavirus pandemic drastically reduced mall foot traffic, cut sales, and pushed many retailers toward insolvency. Roughly 30 tenants … Read more
HOUSTON — (Realty News Report) — Howard Hughes Corp., the developer behind The Woodlands, is moving forward with a new multifamily project within Bridgeland, its large master-planned community on Houston’s northwest side. Bridgeland Central — A New Town Center The project, named Starling at Bridgeland, will include 358 apartment units and will be part of … Read more
MISSOURI CITY – (Realty News Report) – Logistics Property Co., a Chicago-based developer, has begun construction on a 151,200-square-foot warehouse within the 98-acre CityPark Logistics Center, a project that marks the start of substantial planned development on the site. The firm is also designing a second building at CityPark — a 215,000-square-foot facility — which … Read more
AUSTIN – (Realty News Report) – M2 Development Partners has announced plans for a 64-story mixed-use tower in downtown Austin, positioned near the north shore of Lady Bird Lake. The project aims to add a significant new landmark to the city skyline while delivering a blend of hospitality, for-sale residences and rental housing. Planned to … Read more
HOUSTON – (Realty News Report) – A joint venture between ALTO Real Estate Funds and Investment & Development Ventures (IDV) has acquired 11.7 acres in Katy to develop a distribution building. The site sits west of Houston within the master-planned West Ten Business Park, at the intersection of Cane Island Parkway and Interstate 10. Its … Read more
Midway CEO Jonathan Brinsden, left, leads the workplace panel discussion at the GreenStreet mixed-use project in downtown Houston. HOUSTON – Alchemy and amenity-rich design were the focus of a recent panel held at GreenStreet, the mixed-use project developed by Midway Companies in downtown Houston. Four leaders in architecture, office design and real estate development discussed … Read more
Avenue Center planned for Irvington Blvd. site. HOUSTON – (By Dale King, Realty News Report) – Avenue, a local nonprofit focused on creating affordable housing and strengthening neighborhoods, has announced plans for Avenue Center, a mixed-use community resource hub to be built across from Moody Park in Near Northside. Near Northside is one of the … Read more
HOUSTON – (Realty News Report) – An entity affiliated with McNair Interests has acquired a prime 25-acre parcel of vacant land in the Westchase District, a site long regarded as a strong candidate for a corporate campus. The McNair family is well known locally as the owners of the NFL’s Houston Texans. The Westchase property, … Read more
The One Century Place building in Nashville will be managed by Transwestern. HOUSTON — Transwestern has opened a new office in Nashville, Tennessee, expanding its presence to provide agency leasing, tenant advisory, capital markets and asset services to property owners and occupiers across the region. The Nashville location marks the thirty-fifth office for Houston-based Transwestern. … Read more
HOUSTON — (By Dale King, Realty News Report) — Many U.S. housing markets are currently priced above what historical norms would suggest, yet national home prices continue to climb, according to research by real estate professors at Florida Atlantic University and Florida International University. In a report released by FAU’s Ken H. Johnson and FIU’s … Read more