Press Releases
Housing & Development

Congressman Al Green supports approval of METRO project to expand Light Rail in Houston

Houston, TX - December 2, 2009 - (RealEstateRama) — Congressman Al Green (TX-09) expressed his support today for the Federal Transit Administration’s decision to approve a project that aims to expand Houston’s Light Rail System to different areas of the city

91 Unit Dallas Apartment Property Is Latest Acquisition For Texas Apartment Buyer Group

Austin, TX - November 3, 2009 - (RealEstateRama) — based Anew Realty Group, LLC has purchased the 91-unit apartment property Highland Oaks at 2121 West Irving Boulevard in Irving, Texas. The purchase was facilitated by the Marcus & Millichap Dallas office.

U.S. CONGRESSMAN AL GREEN SUPPORTS HOUSE RESOLUTIONS EXPRESSING CONDOLENCES AFTER NATURAL DISASTERS IN THE PHILIPPINES, SAMOA, AMERICAN SAMOA AND INDONESIA

Washington, DC - October 15, 2009 - (RealEstateRama) — Yesterday Congressman Al Green (TX-09) delivered a statement in the House of Representatives expressing his support for three House Resolutions that convey condolences and solidarity to the people of the Philippines, Samoa, American Samoa and Indonesia, due to the natural disasters that have struck these nations in the past few weeks.

CB RICHARD ELLIS HOTELS SELLS FULL SERVICE COLORADO HOTEL RADISSON DENVER NORTH - THORNTON, CO

Houston, TX - October 7, 2009 - (RealEstateRama) — The Radisson Denver North, Colorado, Texas has been sold. Lisa Hankamer of CB Richard Ellis’ Hotels Group, announced that the sale of the 133-unit, interior corridor property occurred at the end of September 2009. The Hotel, which is a local landmark, has great visibility along I-25, just 10 minutes north of Downtown Denver and was sold free-and-clear of management and franchise affiliation. The new owners, Stone Castle Corporation, has over 20 year’s experience operating hotels in the state of Colorado and have a proven track record for repositioning hotels within their respective market arenas. Approximately $6 million will be spent on upgrading the facility and rebranding. The group has a history operating under most of the major brands and has been quite successful in capturing a broader market base through their repositioning.

Texas Children’s is first TMC institution to join Rice’s BioScience Research Collaborative

HOUSTON, TX - July 27, 2009 - (RealEstateRama) — Texas Children’s Hospital today became the first Texas Medical Center (TMC) institution to lease space in Rice University’s new BioScience Research Collaborative (BRC), a place where scientists and educators from the university and TMC institutions will work together to perform leading research that benefits human medicine and health.

FRENCHY’S CREATES NEW CONCEPT AT THE RENAISSANCE AT GREENSPOINT

Houston, TX - July 15, 2009 - (RealEstateRama) — GlennLock’s Sports Bar and Grill by Aaron Glenn, has signed a lease for 5,487 square feet of space at the 15-acre Renaissance at Greenspoint project, which is the first phase of the re-development of Greenspoint Mall by the Triyar Cannon Group. GlennLock’s will be the premier sports bar and grill concept in the $32 million project slated to open in the Spring of 2010.

CB RICHARD ELLIS RELEASES SECOND QUARTER ‘09 OFFICE REPORT

Houston, TX - July 7, 2009 - (RealEstateRama) — Houston incurred 720,000 square feet of negative absorption in the second quarter of 2009, according to CB Richard Ellis’ Houston research group. The loss nearly doubles the city’s first quarter loss, signifying that even Houston’s strong market is no match for the country’s current economic situation

HOUSTON POSITIONS ITSELF FOR A MODERATE RECOVERY

CB Richard Ellis Releases Second Quarter ‘09 Industrial Report. Houston, Texas - July 7, 2009 - (RealEstateRama) — According to CB Richard Ellis, the Houston industrial market remains stable. Absorption in the first quarter posted 207,123 square feet, ushering the mid-year absorption to a negative 118,827 square feet. While 888,505 square feet of new construction was delivered in the second quarter and, 3.4 million square feet are currently under construction, financial constraints continue to leave developers digging for capital to complete multi-tenant speculative properties.

Property Investment Connection Launches in Texas

AUSTIN, TX - July 6, 2009 - (RealEstateRama) — ‹ Developing commercial real estate just got easier. Combining advanced database technology with commercial real estate industry experts, Property Investment Connection (PIC) LLC proudly announces the launch of an all-new Web site that provides enhanced communication and maximizes networking opportunities for key professionals within the commercial real estate market.

Hammerly Business Park Inks First Deal with Goodyear Tire

Houston, TX - June 12, 2009 - (RealEstateRama) — The Goodyear Tire & Rubber Company, one of the world’s largest tire companies, has signed a new 17,658 square foot lease at the Hammerly Business Park. This marks the first tenant to sign-on at the new 140,000 square foot office/distribution warehouse, which is located at 1811 Brittmoore Road in northwest Houston, just off Beltway 8 and Interstate 10. The recently constructed facility is a development of Clay Development and Construction and is a deed-restricted park with regional detention and professional management.