John Nicholson John Nicholson has joined Colliers International as a principal on the firm’s industrial advisory team. Ric Guenther, based in the Houston office of Patrinely Group, was promoted to senior vice president and now leads multifamily investments and select mixed-use projects. NAI Partners announced that three professionals have been elevated to partner: Nick Peterson … Read more

Company principals Tom Cormier, Mike Albanese and Eldon Albanese of Beaumont-based Albanese Cormier Holdings. BEAUMONT, Texas – Albanese Cormier Holdings, a national commercial real estate investment firm headquartered in Beaumont, has acquired a nine-property retail portfolio totaling 758,983 square feet across Indiana, Michigan, Ohio and West Virginia, according to JLL. The portfolio was purchased in … Read more

HOUSTON – (Realty News Report) – Greg Usher of Cypressbrook Company represented the landlord, Rivershire Office Plaza, in the lease of 32,079 square feet of office space at 333 N. Rivershire Drive in Conroe. Nick Terry of NAI Partners represented the tenant, Elite Supply Partners, Inc. ………………………………………………… Subsea 7, LLC signed a 64,819-square-foot lease to … Read more

RNR Real Estate Briefs from Realty News Report – HOUSTON – Brookfield Properties announced that Berkeley Eye Center, a long-standing Texas eye care provider, and Kelsey-Seybold Clinic, a multispecialty medical group, have renewed their leases on the fourth floor of The Shops at Houston Center. Located at 1200 McKinney St. in downtown Houston, Berkeley Eye … Read more

AUSTIN – (Realty News Report) – Hines has begun construction on T3 Eastside, a heavy-timber office building with a boutique residential component in an eclectic eastside neighborhood of Austin. In recent years Hines has introduced multiple wood-framed developments to advance its sustainability goals. Those projects have often been seven-story office buildings with loft-inspired designs aimed … Read more

Looking south: a bird’s-eye view of Hines’ Boulevard Oaks Business Park along West Fuqua Road. The completed Phase One is visible on the left. HOUSTON – Hines has broken ground on a six-building industrial development totaling 1.2 million square feet just north of Beltway 8 on Houston’s south side. These six buildings, which front West … Read more

Rendering of Chasewood Crossing. Source: Tippit HOUSTON – NCS Multistage, a supplier of products and support services for oil and natural gas well completions and hydraulic fracturing, will relocate its headquarters to the Chasewood Crossing Three building at 19350 Highway 249 in northwest Houston. The company has signed a lease for 20,886 square feet on … Read more

DENVER – (Realty News Report) – Arch-Con Corporation, a Houston-based commercial general contractor, is expanding into Denver and will initially concentrate on industrial, office and multifamily projects. The company has purchased an office in Denver’s Cherry Creek neighborhood to serve as its Colorado headquarters and is in the process of hiring additional staff. “Denver is … Read more

Cindy Hamann, HAR Chair 2017 HOUSTON (By Dale King) – Houston REALTORS® closed out a record year in 2016 despite a rocky local economy and turbulence in the energy sector. A total of 76,449 single-family homes sold during the year, surpassing the previous record set two years earlier. With market confidence rising, Cindy Hamann began … Read more

A growing demand for creative office space has prompted redevelopment of old structures, Transwestern reports. HOUSTON – By Dale King – Investors are seeing substantial returns from creative office projects, according to a report from Transwestern, the global real estate firm headquartered in Houston. Creative office developments—typically conversions of industrial or retail properties into offices—have … Read more