HOUSTON – (Realty News Report) – CBRE has been named the leasing agent for a new 28-story, 375,000-square-foot Class A office tower planned by Skanska USA Commercial Development adjacent to Discovery Green in downtown Houston. Groundbreaking is expected this year, with completion targeted for 2024, CBRE said. Located on the block bounded by La Branch, … Read more

Rendering of the new building Hines will develop in Atlanta in partnership with Cousins Properties. Hines and Cousins Partner to Develop 10000 Avalon Office Building in Atlanta Hines and Cousins Properties, the Atlanta-based real estate investment trust (REIT), have formed a joint venture to develop 10000 Avalon, a 251,000-square-foot Class A office building located in … Read more

HOUSTON – (Realty News Report) – Houston home sales fell 20 percent in May as the COVID-19 pandemic, combined with a downturn in the energy industry, hit the local market with a one-two punch. Spring is usually one of the strongest seasons for home sales, but 2020 was an exception. May was the weakest May … Read more

HOUSTON – (Realty News Report) – Low mortgage rates drove Houston home sales to record levels in 2020, and when the final annual totals are published, this year will be remembered as the strongest on record for Houston real estate. In its weekly update released Wednesday, the Houston Association of Realtors (HAR) reported an 8.7 … Read more

Rendering of Avera Companies’ Park 8. HOUSTON – Avera has broken ground on Park 8, a 242,760-square-foot distribution facility located in northwest Houston, a few miles west of Bush Intercontinental Airport. Situated on 17.2 acres at the southwest corner of Beltway 8 and IH-45 North, Park 8 sits adjacent to Pinto Business Park and occupies … Read more

HOUSTON – Despite pressure from the downturn in the energy sector and sluggish job growth, the Houston housing market posted record sales in 2016, the Houston Association of Realtors (HAR) reported. HAR recorded 76,449 home sales in 2016, a 3 percent increase from the 74,174 sales in 2015. Last year set a new high for … Read more

Colliers International Houston President Patrick Duffy addresses the audience at the Colliers Houston Trends 2020 event. Photo credit: Ralph Bivins HOUSTON – The timeline for a full recovery in Houston’s office market remains uncertain. Energy companies, historically major consumers of local office space, are not expanding right now. Some analysts suggest the office sector may … Read more

Harms Road Business Park. Photo credit: Mabry Campbell HOUSTON – (Realty News Report) – Finial Group, together with partner Senterra LLC, has purchased Harms Road Business Park, a five-building, 124,000-square-foot, crane-served industrial complex in Northwest Houston. The seller, United Equities, was represented by JLL brokers Trent Agnew, Charlie Strauss and Ethan Goldberg, with Travis Land … Read more

The avocado has the scientific name Persea americana. HOUSTON – (Realty News Report) – NAI Partners has arranged a 41,866-square-foot industrial lease for Henry Avocado Corporation at 4300 Windfern Road in Houston. NAI Partners brokers Darren O’Conor and John Ferruzzo represented the tenant in the transaction. Headquartered in Escondido, California, Henry Avocado Corporation is a … Read more

Tom Lynch HOUSTON – Warehouses totaling more than 3.3 million square feet broke ground in Houston in the fourth quarter of 2017, highlighting a broader trend of rising industrial land values, according to CBRE. Many of these new industrial facilities are being built on a speculative basis, CBRE reported, though Hines and Arch-Con Construction are … Read more