Prudential Sells Conti Organization 176 Unit Villa Ana Apartment Building
4/23/2010-Houston multifamily real estate market: In a recent multifamily real estate market transaction Prudential sells the CONTI Organization the apartment building formerly known as Star Crossing for $3.4 million. The 176 unit Villa Ana is located at 10101 West Sam Houston Pkwy in a neighborhood just four miles from major employment centers. The property has [...]
Houston Real Estate Market Building Permits Report For March 2010
4/23/2010-Houston Real Estate Market News: City of Houston building permits issued in March are down over 40% from March of 2009. Just $275.2 million total value over all Houston real estate classes were filed for in comparison to $455.8 million worth of permits filed for in March of 2009. Non-residential construction dropped over 50% to [...]
Harris County Foreclosure Report For March 2010
4/20/2010-Houston housing market news: As part of the Houston housing market Harris County is the largest and most populated county in the Houston metro area. According to Foreclosure Information and Listing Service, Harris County posted 1,180 properties as foreclosures in April of 2010. This is a 6.2% increase from March of 2010. Four the first [...]
Carson Cos Purchased New Industrial Building From AMB Property Corp
4/7/2010-Houston Industrial Real Estate Market News: AMB Property Corp. finished construction on a new 96,250 square foot industrial building at 19220 Kenswick Dr. in January 2010, which was constructed for Forward Air.
Upon completion of construction Forward Air signed a long term lease and Carson Cos. purchased the property just three months later. Sitting on 9.5 [...]
Orion Marine Group Lands Pipeline Construction Contract
4/6/2010-Houston Industrial Real Estate Market News: A subsidiary of Houston based Orion Marine Group Inc. has locked down a construction contract to complete a 13 mile pipeline across Galveston Bay, valued at 21 million dollars. Construction on the new pipeline is expected to begin by June and be completed in early 2011.
Maxxam Property Sold Office Building To Potamkin Auto Group
Maxxam Property Co. sells Cooper Cameron Building at Westway Park
2/26/2010-Houston Commercial Real Estate Market News: In real estate transaction news Maxxam Property Co. sold the Class A Cooper Cameron Building at Westway Park, located at 4646 W. Sam Houston Parkway, to Potamkin Auto Group for 29.7 million. The nine story building has 210,000 square feet [...]
Finger Furniture To Reopen Renovated Flagship Store
Finger Furniture To Reopen In March
2/25/2010-Houston Real Estate News: Finger Furniture, the 80 year old Houston furniture business, is reopening its 600,000 square foot store located at 4001 Gulf Fwy. The facility was shut down four months ago to go through renovations.
According to Rodney Finger, president of Finger Furniture, the facility is the largest furniture [...]
Small Health Care REIT Makes Sugar Land Commercial Purchase
Healthcare Trust of America Inc. and Mission Cos. enter contract for 12.4 million
2/25/2010 – Sugar Land Commercial Real Estate Market News: Healthcare Trust of America Inc. recently entered into contract to purchase a 60,000 square foot Sugar Land Medical office building located at 15400 Southwest Fwy. S. The medical building was known as Sugar Land [...]
Construction Begins On New Seabrook Library
2/21/2010 – Houston Metro Real Estate News: Demolition of old Seabrook library which was massively damaged by Hurricane Ike is nearly complete. So, ground breaking of the new 5.6 million Seabrook library took place. The new library should be completed within the next year and will contain a planned 21,100 square feet.
Allied Power Consolidates Office Location To Houston, TX
Allied Power Cuts Costs By Consolidating To Houston
2/19/2010 – Houston Commercial Real Estate News: Allied Power Group, a gas turbine replacement parts and repair company, purchased a 70,000 square foot facility at 10131 Mills Road that it completed renovations on and moved into this January. The new facility allowed consolidation of its 7 facilities in [...]