Brixmor Expands Texas Retail Portfolio with $79.2M Acquisition of Two Grocery-Anchored Centers HOUSTON – New York-based Brixmor Property Group has expanded its presence in Texas with the acquisition of two grocery-anchored shopping centers for a combined $79.2 million. The purchases strengthen Brixmor’s strategic clustering in markets where it already owns assets and provide additional opportunities … Read more
THE WOODLANDS – (Realty News Report) – SmartDraw Software is relocating from San Diego to The Woodlands, continuing a trend of companies moving operations from California to Texas. “Texas offers a business-friendly climate, a reasonable regulatory environment, and a cost of living that is far lower than San Diego,” said Paul Stannard, CEO of SmartDraw. … Read more
LEANDER, Texas – (Realty News Report) – Houston-based multifamily developer Allied Orion Group is building The Southbrook, a 360-unit, garden-style apartment community in Leander, one of the fastest-growing cities in the U.S. Located roughly 30 miles northwest of Austin, Leander has an estimated population of 62,600, according to U.S. Census Bureau data for the 12-month … Read more
HOUSTON – Common Desk, a Texas-based coworking operator serving businesses and individuals, will open a new location in City Place, the large mixed-use development in North Houston formerly known as Springwoods Village. The new Common Desk workspace will occupy 26,750 square feet on the second floor of the multi-use building at 1401 Lake Plaza Drive … Read more
DENVER – (Realty News Report) – A joint venture led by Patrinely Group and USAA Real Estate announced that construction has officially topped out on Block 162, a 30‑story Class A office tower in downtown Denver. The 606,000-square-foot building is scheduled for completion in December 2020, with initial occupancy beginning in January 2021. “We are … Read more
The future entry of Star Cinema Grill in Baybrook with self service kiosk. HOUSTON – (Realty News Report) – Star Cinema Grill, a Houston-based dine-in theater chain, is undertaking a significant renovation of its Baybrook Mall location, despite the theater being only four years old. “Although this renovation may seem early to some, it was … Read more
Shad Bogany HOUSTON – (Realty News Report) – Houston’s real estate landscape has been profoundly altered since Hurricane Harvey struck last year. Tied with Hurricane Katrina in 2005 as one of the costliest tropical cyclones on record, Harvey caused roughly $125 billion in damage, largely from up to 50 inches of rainfall. The storm flooded … Read more
AUSTIN – (Realty News Report) – Morgan, a Houston-based multifamily developer, will begin construction on a 336-unit apartment community in Georgetown, part of the fast-growing Austin market. “Morgan opened a regional office in Austin last year to oversee and expand our Texas presence,” said Jason Hauck, Morgan’s Central Region Development Partner. “Caroline at Georgetown is … Read more
Martin Fein HOUSTON — CBRE Capital Markets’ Debt & Structured Finance team has closed a $92 million refinancing for Willowick Park, a 552-unit apartment community located inside Houston’s Inner Loop. The recently completed development was led by Houston-based Martin Fein Interests and sits west of Weslayan Street and south of West Alabama. The transaction covers … Read more
Guy Hagstette. Photo credit: Karen Sachar, courtesy of the Kinder Foundation. HOUSTON – (Realty News Report) – Once dismissed as concrete and traffic, central Houston is steadily becoming greener. From recent additions like Discovery Green and the revitalized Buffalo Bayou Park to the ambitious plans to expand Memorial Park and ongoing improvements at Hermann Park, … Read more