Saturday , 28 May 2016
Breaking News

NewQuest Moving into Mini-Storage Development

HOUSTON – NewQuest Properties is launching a self-storage development group to tap into the fastest growing storage sector. The inaugural projects will break ground in the fall. The U.S. contains more than 2.3 billion SF of self-storage space. Houston-based NewQuest is planning simultaneous groundbreakings at Brazos Town Center in southwest Houston and Windcliff Town Center in northwest Houston. Each facility ... Read More »

Houston Leads the Nation in Retail Construction, Marcus & Millichap Reports

Houston is leading the nation in shopping center construction, according to the Marcus & Millichap real estate firm. In its second quarter retail research report, the firm predicted 3.3 million square feet of retail space will be completed in the Houston area this year, more than any other market in the country. Job growth is rather puny, but at least ... Read More »

Hines REIT Hires Lazard for $5.5 Billion Deal

HOUSTON – Hines Global REIT, a privately-held entity based in Houston, has hired Lazard Ltd. to explore the sale of its $5.5 billion portfolio, according to Bloomberg. The REIT owns all or part of 43 properties in the U.S., Europe, Russia and Australia. In Texas, holdings include the 322-unit WaterWall Place apartments adjacent to the Galleria in Houston, The Rim ... Read More »

Cushman & Wakefield Moving Its Office to Crescent’s New Dallas Building

DALLAS  –  Commercial real-estate firm Cushman & Wakefield is moving its offices to a new building under construction in Uptown Dallas. Cushman & Wakefield  leased 40,863 square feet – encompassing two floors in the 20-story building callled McKinney & Olive. The new building, developed by Crescent Real Estate Holdings will be completed later this summer. “Cushman & Wakefield is one ... Read More »

How the Oil Crash is Impacting Houston Home Builders – Q&A with Lawrence Dean, Metrostudy

(By Dale King) HOUSTON – As a senior advisor with Metrostudy, Lawrence Dean is responsible for providing housing and related information to builders, developers and investors in the Texas region. During the past 18 months of dealing with the impact of oil and gas prices that have fallen lower than many people anticipated, Dean has seen housing starts drop off, ... Read More »

Exxon Mobil Brookhollow Campus Sold For Possible Retail Redevelopment

HOUSTON – Exxon Mobil’s abandoned Brookhollow campus near the intersection of Highway 290 and Loop 610 has been sold for what could become a major retail development in the close-in northwest Houston realty market. The strategic 24-acre property was sold by the energy company to a partnership affiliated with Houston real estate investor Khaled Salem of Williamsburg Enterprises and Alan ... Read More »

Transwestern: Multifamily Sold in Prime Location

HOUSTON – Moody National Cos. is planned to develop a mixed-use project on the site of an apartment community it has acquired near Memorial City Mall in west Houston, according to Transwestern. The apartment community site is near the Katy Freeway and Bunker Hill Road and would be suitable for retail, office, hotel or multifamily. In the near term, though, ... Read More »

Update: Woodbranch’s 40-Story Downtown Tower Plans for Residents in Fall

(By Dale King) HOUSTON – By tapping into a city-sponsored program offering monetary incentives for constructing residential properties downtown, developers of what will be the tallest apartment tower in Houston’s central business district chose to go ahead with the project that might otherwise have been delayed. The financial enticements “could have impacted on whether we did the project or not,” ... Read More »

Dallas Homebuilding Explodes with First Quarter Growth

DALLAS – Housing starts rose sharply in the first quarter in the Dallas-Fort Worth area, which is the most robust home construction market in the nation. First quarter 2016 housing starts numbered 7,015, up 39.1 percent from the first quarter of 2015, which was hampered by bad weather, snow and ice, according to Metrostudy, which characterized the D-FW home building ... Read More »

Transwestern Development Starting Micro-Unit Millennial Multifamily Project in Austin

AUSTIN – Transwestern Development Co. will break ground in June on the Indie Apartments, a micro-unit community at 1648 E. Sixth St. in Austin. Transwestern Development Co. will construct the 139-unit community with a 2,500-SF restaurant in East Sixth, a thriving entertainment district just east of downtown Austin. The 55,814-square-foot property will have 350-SF studio units and 520-SF, two-bedroom units. ... Read More »

The Medical Construction Boom: The Q&A with Arch-Con’s Evan Alford

HOUSTON – With more than $3 billion in construction projects under way, Houston’s Texas Medical Center is the largest life sciences destination in the world. But that’s not all. Construction of medical facilities in Houston is booming, with medical office buildings being built around town as well as expansion of Memorial Hermann, Houston Methodist and Baylor College of Medicine in the ... Read More »

Daikin/Goodman Constructing 4 Million SF Plant in Northwest Houston – The World’s Largest Tiltwall

HOUSTON – Daikin Industries the world’s largest manufacturer of heating, cooling and refrigerant products, is nearing completion on a massive, 4 million square-foot, $417 million manufacturing and logistics campus on the northwest side of Houston that will employ at least 4,000 people. The building is the largest tilt-wall construction project in the world. Daikin, which owns Goodman Global, will build ... Read More »

Scroll To Top