Nancy Sarnoff on Muck Rack

Nancy Sarnoff Verified

Real Estate Reporter — Houston Chronicle
As seen in:  Houston Chronicle

Real estate reporter and blogger for and

South Korean investors buy Galleria-area office tower — FG Asset Management, a South Korean alternative asset management and financial services firm, has closed on 3000 Post Oak, a 19-story office building in the Galleria area leased to engineering and construction firm Bechtel. The purchase price was not disclosed, but an earlier report pegged it at $175 million or $400 per square foot.

Architects give HSPVA building a playful design — More than a year ago, architect Lester Yuen and a team of designers were brainstorming ideas for the new downtown High School for the Performing and Visual Arts building when late into the night someone suggested the school's different arts programs be stacked like blocks in a Jenga game. [...]

Lower pump prices could drive sprawl — While lower oil prices are likely to temper real estate development in some parts of Houston, cheaper gasoline may speed it up in other areas. Lower pump prices should help in terms of overall consumer spending, he said, but jobs are what influence people's homebuying decisions.

Pitching River Oaks chic on the streets of Manhattan — Oliver, CEO of a Southern California development firm that's built $3 billion worth of high-end commercial real estate since its founding 36 years ago, spots the North American president of Bulgari, the Italian luxury jeweler with a store just around the corner from here on Fifth Avenue.

Report: Houston-area homes sales to take a tumble along with oil — Houston's housing market posted another month of positive gains in November, but a local economist predicts home sales will fall by 10 to 12 percent over the next 12 months as lower oil prices lead to significantly slower job growth. The forecast by Ted C.

Luxury retailers multiply at River Oaks-area development — "Each one involved unique twists and turns," Oliver said Sunday night at a cocktail party the developer hosted on the eve of New York's annual retail conference of the International Council of Shopping Centers. "What they're building is in the right area, and that's the customer base to attack," New York-based retail consultant Howard Davidowitz said.

Dolce & Gabba, Intermix and others to open in luxury development — The developer of one of Houston's mega mixed-use projects, River Oaks District, has signed two dozen new tenants for the upscale complex under construction along Westheimer just inside the 610 Loop. The new crop of retailers, which include international fashion brands, restaurants and a spa, represent a significant portion of the 650,000-square-foot development and years of work pursuing the retailers, many of which are new to Houston.

Appetite for luxury homes in Houston on the rise — Houston was one of the top 10 U.S. cities that saw the most million-dollar-plus home sales during the third quarter, making an interesting point considering the median home price here is so much lower than the other markets on the list, a new report shows. Houston ranked No.

Wrecking ball heading for old Spring Branch hospital — The former Spring Branch Medical Center will be demolished this month, a little more than a year after a real estate investment group purchased the property with hopes of leasing or selling it to another hospital operator.

Aldi to open new store — Continuing its strong push into the Houston-area grocery market, Aldi is planning to open another new store here next week. The discount grocer, which has more than 1,300 stores in 32 states, will open a new location at 3601 Texas 6 South on Dec. 11.
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Dec 19, 2014

RT @GenslerTexas: Our own Lester Yuen gives details to @HoustonChron's @NSarnoff about HSPVA's playful design! Read it here:…

Dec 16, 2014

Despite falling oil prices, developer of @CityCentreHou announces mayor project a mile away… via @HoustonChron

Dec 15, 2014

Houston Deal of the Week: TGS buys one of world's largest industrial parks… via @HoustonChron @Kfeser

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