HOUSTON – (By Dale King, Realty News Report) – With interest rates running high, and many folks short of cash for the down payment on a domicile of their very own, the build-to-rent (BTR) industry is churning out new single-family rental housing at a record-setting pace, says RentCafe’s just-released Build-to-Rent Construction Report. Renters like the suburban BTR houses with backyards, a garage and neighborhood schools. And investors love the income projections of the BTR sector. “Combine renter demand with interest from institutional investors and well-established builders and it’s safe to s ..read more

HOUSTON – (Realty News Report) – Following a massive two-year makeover and re-imagining of public space, The Commons at Hermann Park has opened on 26 much improved acres within the city’s 445-acre park near Texas Medical Center, Rice University and the Museum District. As both a destination geared to all ages and a gateway into Hermann Park on its southwest corner, the new venue brings a plethora of playscapes, playful diversions – plus ample stroller parking, hangout space and a six-acre Welcome Garden of peaceful respite geared to nearby patients and healthcare workers. In addition to creati ..read more

HOUSTON – (By Connor Behrens for Realty News Report) – Well, well, well, looks like Houston’s got the bugs buzzing with excitement! Just in time for National Pest Management Month, Houston has been voted by Pest Gnome as the 2nd best metro areas to start a pest control business. The company compared over 230 of the biggest U.S. metro areas based on 5 categories. They looked at the number of common pest species, average hourly pay, and access to pest control training programs, among 10 total metrics. Jacksonville, Fla.  Ranks No. 1;  Followed by No. 2 Houston According to Pest Gnome ..read more

HOUSTON – (Realty News Report) – Houston-based industrial real estate developer Vigavi has broken ground on WestPoint 45, a 728,080-SF speculative industrial development in a joint venture with Principal Asset Management. The 42-acre site is located at 410 West Road, near the intersection of Interstate 45 and Beltway 8, adjacent to Pinto Business Park, a 971-acre business park that is home to various large, recognizable brands. WestPoint 45 will feature multiple means of ingress and egress from Interstate 45 and Beltway 8, 40-foot clear heights, 180 trailer stalls and will deliver with spec of ..read more

HOUSTON – (By Dale King, Realty News Report) — CoolxDad, a local nonprofit dedicated to aiding and uplifting fathers of color who are striving to build a better world for their children and serve their communities, has leased a 1,570 SF space in the  East River mixed-use development for its new headquarters. Scheduled to open in the fall, this inaugural brick-and-mortar site for the Houston-based organization will become a critical center for the CoolxDad community and its programs, offering a place for fathers to connect, learn and grow. Anna Deans, vice president of investment and devel ..read more

HOUSTON – (Realty News Report) – Midway is updating The Moran CityCentre, the 244-room hotel, in its CityCentre mixed-use development in West Houston. The hotel has not been significantly updated since its opening in 2009. The current project’s goal is to “blend the essence of Texas with sophisticated elements, ensuring a memorable stay for guests,” Midway’s press release said. Already completed are the guest room improvements to furnishings, lighting fixtures and in-room technology. This summer, the multi-million dollar renovation project moves on to the hotel’s common areas, entrance and lob ..read more

HOUSTON – By Cynthia Lescalleet (for Realty News Report) — Campus continuity and new construction are both ahead in the next round of enhancements and expansion at the Montrose-area campus of Rothko Chapel, a spiritual, cultural and human rights institution that attracts more than 100,000 visitors a year from around the world. Phase 2 of the organization’s 2017 master plan, which broke ground April 17, includes a new meditation garden next to neighboring Menil Park, a new 6,600 –square-foot building for adminstration and archives, a 3,800-square-foot program center and guest house. A new plaza ..read more

HOUSTON – (Realty News Report) – PranaX, a pioneering company in regenerative science, has leased space in the new Levit Green life sciences district on Holcombe Boulevard, demonstrating a leap of locally developed technology moving toward the scientific manufacturing marketplace. Houston-based Hines, the global real estate investment manager, in partnership with 2ML Real Estate Interests and Harrison Street, announced the PranaX lease at Levit Green, a 53-acre mixed-use life sciences-centric district adjacent to the Texas Medical Center near Highway 288. PranaX, a pioneering company in regene ..read more

HOUSTON – (Realty News Report) – High Street Residential and joint venture partner Daiwa House topped out construction on the Rone Residences, a 12-story multifamily project near River Oaks and Upper Kirby. The developers broke ground on the 209-unit project in January of 2023 and are on schedule to deliver the first units during the first quarter of 2025. High Street’s Rone Residences project is a collaboration of prominent Houston-based design groups with national-level gravitas: the project architect, Ziegler Cooper Architects, worked closely with Rottet Studio for interior design and Kudel ..read more

RNR Real Estate Briefs from Realty News Report  — HOUSTON – Hines and Ivanhoé Cambridge, global real estate firms, announced the addition of The Sylvie restaurant to Texas Tower, the 47-story, 1.2 million-SF Class AA office tower in downtown Houston. A French-European concept by Berg Hospitality Group, The Sylvie is anticipated to open Summer 2024. HOUSTON — Partners Real Estate  arranged the sale of a 35,622 SF cold storage industrial property at 12634 East Freeway in Houston. Partners’ Wyatt Huff  and Hunter Stockard  represented the seller, Mims Investment Inc. HOUSTON ..read more