CityWestPlace. Photo credit: Parkway HOUSTON – Realty News Report – Honeywell has leased 114,068 square feet of office space at CityWestPlace in the Westchase District. CityWestPlace is a four-building office campus totaling approximately 1.5 million square feet and is managed by Parkway Property Investments, LLC. Honeywell was represented in the lease negotiations by Rich Pancioli … Read more
RNR Real Estate Briefs from Realty News Report – THE WOODLANDS — Entergy, a Fortune 500 energy company, is expanding its office footprint in The Woodlands by 53,604 square feet. The company will occupy 107,614 square feet of office space within the Lake Front North campus at Hughes Landing, the 79‑acre, walkable mixed‑use center on … Read more
Bill Gilmer HOUSTON – (By Michelle Leigh Smith) – With oil prices lingering around $50 per barrel, the Houston economy is poised for a subdued 2017, characterized by an oversupplied office market, an overbuilt multifamily sector and only modest job growth, according to University of Houston economist Dr. Bill Gilmer. Gilmer shared this cautious outlook … Read more
HOUSTON – (Realty News Report) – Crow Holdings, a Dallas-based real estate investment firm, and Mubadala Investment Company, the Abu Dhabi sovereign investor, have formed a joint venture to develop industrial properties across the United States. “This joint venture is a significant step for both Crow Holdings and Mubadala,” said Michael Levy, Chief Executive Officer … Read more
HOUSTON – (Realty News Report) – AZ Partsmaster, a supplier of maintenance parts for multifamily operators, has leased 68,342 square feet in Waypoint Business Park, located at 411 Cravens Road in Missouri City, Texas. The landlord, 4M Investments and Clarion Partners, was represented by Justin Robinson, Matteson Hamilton and Woody Hillyer of Stream Realty. Payson … Read more
HOUSTON – (By Dale King, Realty News Report) – JPMorgan Chase & Co. has donated another $1 million to Avenue, the Houston nonprofit focused on creating affordable homes and strengthening communities across the Bayou City. The bank’s gift will support Avenue’s Social Impact Fund, a program the organization launched in 2021 to address the growing … Read more
Westway Plaza has been sold. Photo credit: Jud Haggard. HOUSTON – The Aztec Fund, Inc., a private Mexican equity fund, has acquired Westway Plaza, a recently completed office building totaling 313,420 square feet. HFF marketed the West Houston asset on behalf of Transwestern Development Company. Westway Plaza sits on 9.85 acres at 11330 Clay Road, … Read more
BAYTOWN – (Realty News Report) – TGS Cedar Port Partners has started construction on a 1.2 million-square-foot warehouse within the 15,000-acre TGS Cedar Port Industrial Park, one of the largest industrial parks in the United States. The speculative development is scheduled for delivery to the Houston market in the second quarter of 2022. Site preparation … Read more
Jim Blackburn HOUSTON – (Realty News Report) – The anniversary of Hurricane Harvey’s initial landfall is approaching. The storm struck on Aug. 25, 2017, and lingered over the Houston area for days, dumping as much as 50 inches of rain and flooding more than 100,000 homes. Now, a year later, voters will decide whether to … Read more
Mark Woodroof HOUSTON – (Realty News Report) – Zavvie, a residential technology company, has expanded the iBuyer model in partnership with Houston’s largest real estate firm, Better Homes and Gardens Real Estate Gary Greene. The collaboration offers home sellers multiple instant offers, giving consumers more choices when selling their homes. iBuyers are online real estate … Read more