Charles Hazen HOUSTON – Charles Hazen, formerly President and CEO of Hines Global REIT and a leader across other Hines business units, has been appointed President of Transwestern Investment Group. Transwestern Investment Group operates within the broader Transwestern family, which includes national real estate services and development companies. The investment group manages a diversified portfolio … Read more
SAN FRANCISCO – (Realty News Report) – The Transamerica Pyramid Center, San Francisco’s most recognizable office tower, has been sold for $650 million. This transaction marks the largest commercial real estate deal to close nationwide since the onset of the Covid-19 pandemic. A joint venture led by SHVO together with Deutsche Finance America acquired the … Read more
The Anadarko campus in The Woodlands was developed by the Patrinely Group. THE WOODLANDS – (Realty News Report) – Chevron Corporation’s announced acquisition of Anadarko Petroleum for $33 billion could ripple through the Houston commercial real estate market. Anadarko currently occupies a substantial amount of office space in The Woodlands with two prominent towers named … Read more
The Holiday Inn Express in Texas City is sold to investors. Holiday Inn Express & Suites in Texas City Changes Hands as Investors Target Gulf Coast Market TEXAS CITY, Texas — CBRE Hotels has brokered the sale of the Holiday Inn Express & Suites located at 2440 Gulf Freeway in Texas City, a strategic property … Read more
HOUSTON –(Realty News Report) – Sempra LNG has subleased 66,772 square feet at 1500 Post Oak Blvd., an office tower in Uptown Houston. Paul Penland and Graham Horton with CBRE Houston represented the subtenant. Tim Relyea and Morgan Relyea Colt with Cushman & Wakefield of Texas, Inc. represented the sublandlord, BHP. …………………………………………………… HaiDiLao Hotpot has … Read more
Freedom Solar’s new HQ has the space to store thousands of solar panels. AUSTIN – (Realty News Report) – Freedom Solar, one of Texas’s largest solar installers, has moved into its new headquarters in Austin. Located at 4801 Freidrich Lane, the new headquarters provides 20,000 square feet of space, including a warehouse capable of storing … Read more
34 South Wynden HOUSTON — Post Oak Energy Capital, a private equity firm based in Houston, has purchased a 27,000-square-foot office building in Houston’s Riverway submarket. The three-story property, developed by Midway Cos. in partnership with Charles Grube, is located at 34 South Wynden Drive, just outside the Uptown District. The building previously served as … Read more
SANTA CLARA, Calif. – (By Dale King, Realty News Report) – A new analysis from Realtor.com finds that, with rents falling through July, renting a starter home in any of the 50 largest U.S. metropolitan areas remains a more affordable choice than buying—at least for now. The report highlights Austin and nearby suburbs Round Rock … Read more
John Nugent, chairman of the Houston Association of Realtors HOUSTON – (Realty News Report) – In March, as concerns about the coronavirus intensified, a large number of homeowners pulled their properties off the market. The Houston Association of Realtors reported that 1,496 listings were withdrawn from the Multiple Listing Service last month, mirroring a national … Read more
HOUSTON – (By Dale King, Realty News Report) – Severe inventory shortages combined with sustained buyer demand drove U.S. metropolitan home prices to record highs in May, according to the CoreLogic Home Price Index and HPI Forecast for May 2021. “Home price gains nationwide, including distressed sales, increased year-over-year by 15.4% by May 2021 compared … Read more