Collaboration space at Adler University. Source: Transwestern HOUSTON – (By Dale King, Realty News Report) – The image of students wearing letter sweaters or consulting a heavy encyclopedia on campus feels nostalgic but increasingly outdated. The educational landscape is changing rapidly as market forces and shifting lifestyle expectations reshape how institutions design and use their … Read more
The 47-story Texas Tower is under construction in downtown Houston. Image by Steelblue (REALTY NEWS REPORT) – Designed to attract and retain top talent, Texas Tower is rising in downtown Houston. The 47-story project from Hines and Canada’s Ivanhoé Cambridge offers greenscaped terrace roof decks, a public garden on level 12, multiple food and beverage … Read more
HOUSTON – (By Dale King, Realty News Report) – A recent study by Seattle-based brokerage Redfin finds that more than three-quarters of people who moved to a new home during the pandemic report increased happiness after relocating. Overall, 83 percent of respondents said they are happier following a move. That includes 54 percent who said … Read more
Madison Marquette vice chairman Rick Kirk, Mayor Sylvester Turner and Madison Marquette’s Bryant Nail at topping out event Tuesday in Midtown Houston. HOUSTON – Realty News Report – Madison Marquette, together with investment partner AECOM Capital, celebrated the topping out of a new 30-story, for-rent residential tower on a 1.16-acre site at 3300 Main Street … Read more
RNR Real Estate Briefs from Realty News Report – HOUSTON – NAI Partners’ Retail Services broker Jason Gaines closed three restaurant lease deals recently. He completed a 10,000-square-foot lease renewal for Happy Family Chinese Buffet at 3101 FM 1960 East in Humble. Gaines also represented the tenant in a 1,400-square-foot Wingstop lease at 14119 Grant … Read more
RNR Real Estate Briefs from Realty News Report – HOUSTON – Houston investment group 1220 Augusta, LLC has acquired a 112,867-square-foot office building on Augusta Street, just west of the Galleria. The seller was represented by Christopher D. Winters and Jay Kyle of Colliers. KATY – Lee & Associates – Houston represented the landlord, Clay … Read more
Rahul Bijlani HOUSTON – A Houston-area hotel has been designated a distressed asset and is being marketed for sale by CBRE Hotels, according to Rahul Bijlani, senior vice president of CBRE Hotels. Speaking at a recent CBRE press luncheon, Bijlani confirmed the property is affiliated with the Marriott brand, but he did not disclose the … Read more
The new two-story H-E-B in Meyerland Plaza opens Wednesday. Photo credit Katharine Lauren Smith. HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Though the ultra-modern Meyerland Market H-E-B was scheduled to open Wednesday, its parking lot was already humming Sunday morning as staff arrived for early training sessions. Employees were greeted by … Read more
HOUSTON – (Realty News Report) – Houston-based apartment owner and manager Camden Property Trust reported lower earnings and reduced profits in the fourth quarter as rental rates softened amid the ongoing pandemic and economic uncertainty. Camden, which owns interests in and operates 167 multifamily and mixed-use properties across more than a dozen U.S. markets, recorded … Read more
Teresa Lowery, Senior Managing Director of Multifamily, Colliers International Houston. HOUSTON – Hurricane Harvey significantly disrupted Houston’s multifamily housing market. The city had been recovering from years of overbuilding when Harvey, which made landfall as a Category 4 hurricane on Aug. 26 and then stalled along the Texas coast, became the wettest tropical cyclone in … Read more