Wednesday , 14 November 2018
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900 Units Sold in South Austin, Newmark Knight Frank Reports

AUSTIN – (Realty News Report) – Newmark Knight Frank completed the sale of three multifamily communities (905 units) in South Austin. NKF vice chairman Patton Jones of the firm’s Multifamily Capital Markets group negotiated the trades. “The south Austin submarket is considered one of the strongest suburban submarkets due to multiple transportation arteries including IH-35, South Congress, South Lamar, and ... Read More »

Dallas No. 1, While Other Texas Markets Strong in Real Estate Investment Potential

HOUSTON – (Realty News Report) – With Dallas-Fort Worth ranked No. 1 in the nation, Houston is a real estate market on the rise and “has it all” as cited in the investment market rankings of Emerging Trends in Real Estate 2019 by PwC and the Urban Land Institute. Houston posted No. 37 of 79 U.S. cities, which is a big improvement ... Read More »

Hines Developing 39-Story Tower in Dallas

DALLAS – (Realty News Report) – Hines will develop a 39-story, 344-unit apartment tower in the 75-acre Victory Park project developed by Hillwood near downtown Dallas. The 500,000-SF residential building, called The Victor, will be built across the street from American Airlines Center arena. The building, which will include 10,000-SF of retail, was designed by Munoz + Albin, a Houston ... Read More »

Multifamily Market Update: The Recovery From Hurricane Harvey

HOUSTON – (By Dale King, Realty News Report) – The Houston metropolitan area has spent more than a year battling back from the destructive footprint left by Hurricane Harvey midway through 2017. And the effort to recover continues to succeed, says the Q3 2018 Houston Multifamily Report from Berkadia Real Estate Advisors, LLC. “The impact of Hurricane Harvey and the ... Read More »

Parkway Building 600-Car Garage Next To Greenway Plaza’s Phoenix Tower

HOUSTON – (Realty News Report) – An eight-level parking garage with 600 spaces will be built adjacent to the 34-story Phoenix Tower in Greenway Plaza near the Southwest Freeway at Buffalo Speedway. Construction will begin before the end of the year and be complete in late 2019, according to Greenway Plaza operator Parkway Property Investments, LLC. The new 247,000-square-foot garage ... Read More »

Houston Company Leases 284,000 SF in Skanska Building Under Construction in Downtown

HOUSTON – (Realty News Report) – Waste Management has signed a 15-year lease with for 284,000 SF in Skanska’s Capitol Tower, which is under construction in downtown Houston. Waste Management will move its headquarters from 1001 Fannin to the Skanska building in 2020. With this lease, the office portion of the building is now 72 percent leased. The 35-story office ... Read More »

The State of Houston’s Office Market: Q&A with Dan Boyles of NAI Partners

HOUSTON – (Realty News Report) – Houston’s office market remains challenging. The sector is seeing high vacancy, although leasing velocity has picked up somewhat in recent months. During the third quarter of 2018, according to NAI Partners, Houston’s office market had a vacancy rate of 21.5 percent, representing some 50 million SF of vacant space. NAI reports 8.8 million SF ... Read More »

The Building Boom: Q&A with Michael G. Scheurich, CEO, Arch-Con Construction

HOUSTON – (Realty News Report) – Although there is currently too much office space chasing too few tenants, Houston’s real estate sector appears relatively healthy, with strong performances in the industrial, retail and hospitality segments. Will this trend continue into 2019? And is new product the only component of the sector? Is adaptive reuse gaining speed? To find out more ... Read More »

Houston Economy Recovered From Oil-Based Ailment, Economist Says

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Houston economy has recovered from its economic downturn and is moving forward again, said economist Robert W. “Bill” Gilmer, speaking at the C.T. Bauer College of Business Institute of Regional Forecasting’s symposium at the Hyatt Regency Hotel. “We’re in good shape in Houston,” said Gilmer, noting oil prices ... Read More »

Sears Redo: Art Deco Store (Vintage 1939) Gains New Life as Heart of Innovation District

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – It seems almost fitting that the stately Sears flagship in Houston’s Midtown – once a do-it-yourselfer’s tool-filled paradise — is now awaiting an overhaul of its own. Shuttered earlier this year, the building will be renovated and repurposed as anchor in an innovation center for tech research and startups that’s ... Read More »

New Retail Center Planned for Fulshear Site

HOUSTON – Capital Retail Properties of Houston is developing a 17,200-SF retail center at FM 1093 and 359 in Fulshear, west of Houston. Gensler designed the center, expected to break ground in the fall of 2019. The developer purchased five acres and will sell pad sites. According to Capital Retail Properties’ Connor Lynch, who is overseeing leasing with associate Jacob Weersing, ... Read More »

The Future of the Home Building Market: Q&A with David Weekley

HOUSTON – (Realty News Report) – Housing starts in the Bayou City are exceptionally strong. According to national research firm Metrostudy, Houston was the second highest volume new-home market in the country; only Dallas/Fort Worth reported a greater number of home starts over th last 12 months. Still, many would be homebuyers are priced out of the market nowadays. What’s ... Read More »

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