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real estate news

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Tuesday, November 11, 2008

Houston real estate transactions

NDUSTRIAL: Global Tech Motors has leased a 30,000-square-foot building at 2510 Beltway 8. The landlord, 2510 Sam Houston Parkway, was represented by Greg Williams of Qualified Properties. John Clark and Darren O’ Conor of NAI Houston represented the tenant.

RETAIL: Cato Fashion has leased 3,886 square feet of space in the Shopping Center on Texas 35, just north of FM 518, in Pearland. Mark Davis of Davis Commercial represented Cato Corp. and Nash Daswani represented the landlord, CCND.

RETAIL: Kate’s Water & Ice has leased 1,250 square feet in the Shops at San Felipe at San Felipe and Voss. Eric Walker and Anderson Smith represented NewQuest Properties. David Wise of Page Partners represented the tenant.

Friday, September 5, 2008

Liberty Hill ranch sold to McAlister Real Estate of Houston

A Houston company has purchased the 865-acre River Oaks Ranch in Liberty Hill.

McAlister Real Estate Co. closed on the deal in mid-August. The seller was ASC River Oaks Ranch Ltd. The price was not disclosed but the property was listed for just under $14.3 million.

Located 3.5 miles north of the intersection of U.S. Highway 183 and State Highway 29, the ranch has about 1.2 miles of frontage on the North San Gabriel River.

McAlister Real Estate purchased the property as an investment.

Tim Riley with Land Advisors Organization represented the seller.

Friday, July 11, 2008

Strong Houston Economy and Demand for Waterfront Homes

Houston-based real estate developer, Historic Real Estate Inc., introduced its newest development this week, The Peninsula Clear Lake(TM). The Peninsula is a private Mediterranean-styled, waterfront village featuring 35 single-family homes and homesites and four family compounds with direct channel access to Clear Lake, Galveston Bay and the Gulf of Mexico.

"This is a very rare development," said Richard Browne, Principal, with Historic Real Estate Inc. "Given the national real estate market, you better have something really special to bring to the market...and we do. The Peninsula is a gated, waterfront boating village approximately 30 minutes from downtown Houston. We are attracting affluent boating enthusiasts from Houston, California, Florida and Mexico."