HOUSTON – (Realty News Report) – JFC International, a food distributor specializing in products from Japan and other Asian manufacturers, has leased a 134,800-square-foot industrial building in northwest Houston. JFC International was represented by Billy Gold of CBRE. John Nicholson and Trey Horne of Colliers represented the landlord, Cabot Properties Inc., in the transaction. The … Read more
DALLAS – (Realty News Report) – Southwest Airlines flew 56 empty flights on a difficult day for the airline industry, which has been severely impacted by the COVID-19 pandemic, according to the Dallas Business Journal. The 56 passenger-free flights occurred on Monday, March 30, based on reporting by Evan Hoopfer of the Dallas Business Journal. … Read more
Nick Massad Jr. HOUSTON — American Liberty Hospitality, a Houston-based hotel company led by Nick Massad Jr., has signed a lease for 6,700 square feet of office space in west Houston to serve as its corporate headquarters. American Liberty Hospitality operates multiple properties in Houston, including the 262-room Embassy Suites and The Sam Houston Hotel, … Read more
Hines Global REIT sold the Komo Plaza building in Seattle. SEATTLE — Hines Global REIT has sold the Komo Plaza data center in downtown Seattle for $276 million. The sale delivers a strong return for the REIT, which acquired the property in 2011 for $160 million. The buyer is GI TC Seattle, LLC, an affiliate … Read more
HOUSTON – (Realty News Report) – The Museo Medical Office Building, rising just north of the Museum of Fine Arts, has reached its topping out as the 10-story tower takes shape with a design inspired by Picasso and the Cubist movement. Developed by a group led by Dr. Mike Mann of the Mann Eye Institute … Read more
HOUSTON – (Realty News Report) – C.I.A. Services, Inc., a firm that manages community associations, has broken ground on a new regional headquarters in Humble, northeast of Houston. The development, situated in the Atascocita area at 18333 Timber Forest Drive, will be a single-story, 15,000-square-foot building designed by Tramonte Design Studio. “As a Houston-based company … Read more
Ralph Bivins HOUSTON – (Commentary by Ralph Bivins, Editor, Realty News Report) Houston is on the verge of making a serious mistake in choosing the site for its high-speed rail connection to North Texas. The proposed Texas Central 200 mph rail line between Houston and Dallas has many positive aspects. The train would improve transit … Read more
John Ferruzzo (Realty News Report) – HOUSTON – Transwestern Commercial Services has announced that John Ferruzzo and Nick Peterson, both formerly with NAI Partners, have joined Transwestern to strengthen its Occupier Solutions and Investment Sales offerings for industrial users and investors nationwide. Ferruzzo was recently honored as Industrial Broker of the Year by the Houston … Read more
12600 Featherwood HOUSTON – (Realty News Report) – NAI Investment Fund has sold its office building at 12600 North Featherwood Drive in southeast Houston. The property was the first acquisition by Fund I after its 2015 launch. NAI Investment Fund representatives Andrew Pappas and Adam Hawkins partnered with Marty Hogan of HFF to complete the … Read more
ROSENBERG, Texas – The Frito-Lay snack factory in Fort Bend County, already the largest snack manufacturing plant in Texas, is expanding with a $200 million addition. The expansion will increase production capacity for tortilla chips, Funyuns and other snacks, allowing the plant to produce more product at faster rates. Funyuns are described by Frito-Lay as … Read more