realestate

Texas Real Estate Market Update and Industry Insights

Perigold Expands into Houston with First-Ever Retail Location

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erigold, an upscale home furnishings retailer, has opened its first brick-and-mortar store in Houston's Highland Village. The 5,000-square-foot showroom features over 150 high-end brands and collaborations with local designers. A second location is planned for West Palm Beach, Florida.

    Partners Real Estate arranged the sale of a five-building portfolio totaling 5,000 SF at the Rex Road Industrial Business Park in Friendswood, Texas. The property includes two 15,000-SF buildings leased by Partners earlier this year.

    Bayou Packaging has leased 32,275 SF at 845 Greens Parkway in Houston, represented by Stream Realty Partners. LGI Homes has opened Magnolia Woods, a community with over 1,300 homes in northwest Houston, priced from $259,900 to $529,900.

    TAK Broadband has leased 11,200 SF at 13805 West Road in Houston, represented by Stream Realty Partners and Avison Young. Rama Venkatesh, LLC has acquired 2,400 SF at 1125 Cypress Station Drive in Houston, represented by Moody Rambin.

    Partners Real Estate has been selected as the exclusive leasing agency for the Rand Building, a 112,688-SF historic property in San Antonio's Downtown West district. Whitestone REIT has acquired 5000 South Hulen, an 86,907-SF shopping center in Fort Worth, marking its 29th asset in Texas.

    Shorenstein Investment Advisers has announced two transactions involving Blocks 5, 6 and 13 within The Spring District mixed-use development in Bellevue, Washington. Ryman Hospitality Properties has acquired the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona.

    Prudent Growth Partners has acquired the Rivergate Shopping Center in Indianapolis for $4.4 million. Fourth Avenue Capital and Range Equity Management have acquired 2121 Belmont, a 123-unit apartment complex in Portland, Oregon. Pacific Urban Investors has acquired Meadow Creek, now renamed Ansley Murrayhill, a 304-unit apartment community in Tigard, Oregon.

    Walmart has signed a 338,307-SF office lease at Tech Corners in Sunnyvale, California. Peakline Real Estate Funds has invested in Markley + Main, a 277-unit multifamily development in downtown Greenville, South Carolina. Sunstone Hotel Investors has sold the Hilton New Orleans St. Charles for $47 million.

    Peninsula Capital Corp. has acquired 959 single-family rental units across four high-growth markets in the Midwest, totaling over 2,200 units nationwide.

Texas real estate market trends and industry insights with experts discussing growth.