Miami-based Parmenter Realty Partners is now the new owner of Woodland Park Plaza, a 225,727 square foot, 68% occupied office building in the Westchase submarket of Houston. While the company was seeking for a good deal in the area for while, this is the firm’s first investment in Houston and the second for Parmenter Realty [...]
signs, according to CBRE Group Inc., in a report discussing third-party market activity. Rip Reynold, vice president stated ”there aren’t new sites. We need that next wave of power center development, while construction is 24 to 36 months.” Another voice, Sanford Criner, executive vice president of the brokerage firm believes Houston is experiencing its highest [...]
September brought a significant rise in Houston home sales, as the Houston Association of Realtors Multiple Listing Service recorded 5,469 closings. This means a nearly 16% increase compared to 4,720 closings recorded the period a year prior. “The combination of increased closed and pending sales, fewer active listings and strong pricing suggests that we are [...]
A project once slated for the Montgomery County tract has been revitalized as it has been purchased after foreclosure. It is a site of about 300 acres near Kingwood, that now belongs to the new owner, WR Forest, entity which plans to continue where the former owner, Kimball Hill Homes and Terramark Communities left off. [...]
The Houston Housing Authority is ready to unload 171 homes and 3 lots through an auction in November. These properties were part of the “scattered sites” housing program, but according to Houston Chronicle investigation this has done nothing but frustrate potential buyers and reject others. The result: properties sitting vacant with boarded up windows. There [...]
Hotel Icon is set for re-launch this month as Houston’s first member in the Marriott Autograph Collection of hotel properties, which include hotel worldwide. It has to mentioned here that all Autograph Collection hotels are called “striking independent luxury hotels”. Categories differ by the type of guest experience they provide, however, some hotels fall into [...]
The controversial Marquette development’s 1,053-acre site finally found the prince on the white horse materialized in the Texas School Land Board. The purchase came at the right moment as the development proposed for west Galveston Island was scheduled for foreclosure auction this week. While Marquette Galveston Investment Ltd. purchased the land for $36 million at [...]
