Thursday , 11 February 2016
Breaking News

Houston was No. 1 in Nation in Home Building Last Year; Dallas was No. 2

HOUSTON – Houston led the nation in home building in 2015 with Dallas and Austin also cracking the Top Ten, according to the U.S. Census Bureau. Houston had 38,315 single-family building permits last year, leading the second-place Dallas/Fort Worth which had 22,550. Atlanta was No. 3 in home building last year, with 16,984 building permits. Other Top Ten markets: Washington, ... Read More »

Texas Real Estate Briefs From Realty News Report

HUMBLE, Texas – A 25,000-square-foot, crane-served manufacturing building at 8541 East North Belt, Humble, Texas, northeast of Houston, has been sold to Mesa Properties, LLC. Chris Caudill of NAI Partners represented the seller, Electro Technical Industries, during sales negotiations. Corey King of Commercial Realty Advisors represented the buyer. ……………………………………… CBRE CONTINUES STRING OF PRIVATE OFFICE SALES IN AUSTIN  AUSTIN – CBRE ... Read More »

Equus Buys Two Houston Office Buildings from Parkway Properties for $60 Million

  HOUSTON – An affiliate of Equus Capital Partners has acquired two Houston office buildings, totaling 302,000 SF for $60 million. Equus acquired: 5300 Memorial Drive, a 154,000-SF building just west of Shepherd Drive in the Rice Military community; and a building at 10497 Town & Country Way near the City Centre development. Equus, which is headquartered in the Philadelphia ... Read More »

A Mild Dip Ahead for Houston in 2016: Q&A with Dr. Ted C. Jones of Stewart Title

With oil prices continuing on a downward spiral, how will Houston residential real estate fare?  Will home prices plunge? Stay steady? Increase a little? What about home sales?  Coming off two record years, will Houston see a dramatic drop in single-family transactions?  To find out what may be in store on the Space City home front, Realty News Report talked ... Read More »

Songy Develops Two Hyatt Hotels Next to Galleria

HOUSTON – Atlanta-based Songy Highroads has opened Hyatt Place Houston Galleria, a 157-room, select-service hotel located across from the Galleria shopping center. The 12-story hotel, situated at 5252 W. Alabama St., is managed by Aimbridge Hospitality. It contains three floors of common space and 10 guest-room floors with both suites and standard rooms Songy also developed an adjacent Hyatt property ... Read More »

Houston’s 800,000 SF Brookhollow Complex Refinanced

HOUSTON – Holliday Fenoglio Fowler (HFF) has arranged a $64.2 million refinancing for Brookhollow Central I, II and III, a three-building office complex totaling 806,541 square feet in Houston. Working on behalf of Parmenter, HFF placed the loan with MetLife Real Estate Investors.  The loan is interest-only for the full term and was used to refinance the existing debt and ... Read More »

CBRE: Transportation is Challenge for Future Growth of Texas Triangle Markets

HOUSTON – The Texas Department of Transportation has announced a $1.3 billion plan to relieve traffic congestion in the metropolitan areas of Texas. Texas Triangle – outlined by the Dallas/Fort Worth, Austin, San Antonio and Houston MSA – has 97 percent of the state’s most congested roads, according to a report from CBRE Research. CBRE Research reported: “Houston will receive ... Read More »

Colliers: Houston’s Retail and Industrial Markets are Good; Other Sectors, Not So Much

HOUSTON – Houston has an oversupply of office space, hotels and apartments, but the market looks good for shopping centers and industrial buildings, says Pat Duffy, president of Colliers International’s Houston office. However, some of Colliers’ year-end research is startling. Consider: only 125 apartment units were absorbed in the fourth quarter of 2015, while some 29,000 units are under construction. ... Read More »

Oil to Rebound to $70 a Barrel by Year-End, Houston Oil Analyst Predicts

HOUSTON – A leading energy analyst predicts the price of oil will surge to $70 a barrel by the end of the year, a sharp increase that offers hope to the shaky energy industry. In a speech before a crowd of 400 business people at the Houston Country Club Tuesday night, Brandon Blossman, managing director of research at Tudor Pickering ... Read More »

Fuller Reports Two Deals in Rosenberg Business Park

ROSENBERG, Texas – Two tracts of land in the Rosenberg Business Park have been purchased for new development, reports Bill Smith of Fuller Realty Partners, which is developing the project. “We are pleased to announce that two companies have closed sites in our park during the month of December right before the end of the year, “ says William G. ... Read More »

2015 was the Best Year Ever in Texas Real Estate History

AUSTIN – Last year was the strongest year ever for home sales in Texas real estate history. Texas home sales rose 4.1 percent from 2014 to 309,090 home sales, the Texas Association of Realtors says. This is the first time that annual Texas home sales have topped 300,000 and it shatters the state sales record, which was set in 2014. ... Read More »

Home Market Soft in Midland in the Oil-Rich Permian Basin of Far West Texas

MIDLAND, Texas – Falling oil prices have walloped the single-family market in Midland, located the oil-rich Permian Basin of far West Texas. Residential foreclosures are up 40 percent over the last year and the inventory of homes for sale in Midland has more than doubled from 399 homes at the end of 2014 to 885 listings today, according to ProTeck ... Read More »

Scroll To Top