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
Rendering of the Hewlett Packard Enterprises project which is under construction north of Houston. HOUSTON – A joint venture between Patrinely Group, USAA Real Estate and CDC Houston has begun construction on a two-building campus for Hewlett Packard Enterprise just north of Houston. Planned for completion in spring 2022, the HPE development will comprise two … Read more
Fiesta Mart merging with El Super HOUSTON – Fiesta Mart, a Houston-based grocery chain operating 63 stores, will be acquired by Grupo Comercial Chedraui, the Mexico-based retailer, in a transaction valued at $300 million. Chedraui already operates roughly 60 supermarkets under the El Super banner across California and other U.S. states. The acquisition of Fiesta … Read more
Catcher Max Stassi. Photo by Dale King WEST PALM BEACH, Fla — (By Dale King, Realty News Report) – The call of “Play Ball” will cut through the warm South Florida air at 1:05 p.m. Eastern Time on Friday, marking the official opening of Major League Baseball’s 2018 Spring Training season. The Houston Astros — … Read more
515 Post Oak HOUSTON – Greater Houston Community Foundation has leased 18,400 square feet at 515 Post Oak, a prominent office building on the east side of Loop 610 in the Galleria area. The foundation, which coordinates philanthropic partnerships across the region, was represented in the transaction by Dan Boyles and Liz Westcott-Brown of NAI … Read more
East River, a future mixed-use development by Midway, is located one mile east of downtown Houston. AUSTIN – (Realty News Report) – Mixed-use real estate developments are very popular, but they cannot be built indiscriminately; they must meet specific criteria, says Jonathan Brinsden, CEO of Houston-based Midway, a privately owned, fully integrated real estate development … Read more
The Belvedere Springwoods Village apartments have been sold. HOUSTON – (Realty News Report) – MLG Capital, a Wisconsin-based real estate investment firm, has acquired The Belvedere Springwoods Village, a 342-unit mid-rise multifamily community located north of Houston. Built in 2014 by Houston developer Martin Fein Interests, the community is part of that firm’s national portfolio, … Read more
Pintail Crossing HOUSTON — Hines, in partnership with Katy Partners Ltd., is developing a 150-acre business park in the Katy area west of Houston. The site sits at the northwest corner of Interstate 10 and Igloo Road, positioned between the Amazon and Igloo distribution centers. Named Pintail Crossing, the development can accommodate approximately 2.2 million … Read more
CHICAGO – (Realty News Report) – River Point partners Ivanhoé Cambridge, Hines and Levy Family Partners have announced the installation of Constellation, a sculptural work by Santiago Calatrava, in River Point Park. The vivid red, leaf-inspired sculpture is being assembled on the green space adjacent to the 52-story River Point office tower in Chicago’s West … Read more
HOUSTON – (Realty News Report) – Alliance Residential Company has acquired 13 acres in southwest Houston for a 336-unit multifamily community as part of the proposed Saint Nicholas Place campus development. The parcel at 12115 Main Street sits along US 90, approximately six miles from the Texas Medical Center, between Hiram Clarke Road and South … Read more