Sunday , 22 January 2017
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The Houston Ship Channel’s Emerging Land Shortage – Q&A with John Nicholson of Avera

Could Houston be facing a shortage of land in some real estate sectors?  Crazy as it seems for ever-expanding Space City, it could be possible, especially in a hot market such as the Houston Ship Channel.  To find out, Realty News Report contacted one of the city’s long time industrial brokers — John Nicholson, Executive Vice President of Development at ... Read More »

Credit Card Firm Leases Office Space in Greenspoint Area

HOUSTON – Vantiv LLC, a Cincinnati-based credit card processing company has leased 41,000 SF of office space at Reserve at Greens Crossing in the Greenspoint area north of Houston. Transwestern’s Michelle Wogan and Monte Calvert negotiated the lease for the ownership, a joint venture between Miami-based Banyan Street Capital and funds managed by Oaktree Capital Management. The Vantiv lease brings ... Read More »

Hakimee Buys Manufacturing Building Near Airport

HOUSTON – Hakimee Real Properties of Houston has acquired a manufacturing facility near Houston Intercontinental Airport on the north side of Houston. The 57,000-SF building sits on a 4.6-are site at 2330 Peyton Road. John Ferruzzo and Michael Keegan of NAI Partners represented the seller, ArrowRock Tres-Industrial. Mansur Hussain of Hutaib USA represented the buyer. Jan. 18, 2017 Realty News ... Read More »

Hines Gains Another Tenant as New Houston Skyscaper Nears Completion in Downtown

HOUSTON – Russell Reynolds Associates, a leading global search and leadership advisory firm, has signed a 10-year lease for 15,000 square feet on the 35th floor of 609 Main at Texas, the new downtown office tower developed by Hines. Russell Reynolds Associates was represented in lease negotiations by John Burke of JLL. Michael Anderson and Damon Thames with Colvill Office Properties ... Read More »

Trump, Oil Prices and a Record-Setting Year for Home Sales: Q&A with Houston Association of Realtors Chair Cindy Hamann

HOUSTON (By Dale King) – Houston Realtors just finished up their best year ever. Even though the local economy – and the energy industry – had a bumpy ride, 76,449 single-family homes were sold in 2016, shattering the previous annual sales record set two years earlier. With an abundance of optimism, Cindy Hamann kicked off 2017 as the new chair ... Read More »

Work Redefined: The Creative Office Space of the Future

HOUSTON – (By Michelle Leigh Smith) – Alchemy and amenity-rich environments were showcased by four heavy hitters in the design/development world at GreenStreet – the mixed-use project developed by Midway Cos. in downtown Houston. Midway’s CEO Jonathan Brinsden welcomed John Lewis of WeWork, Dean Strombom, a principal of the Gensler architecture firm, and Mark Motonaga, a principal with Rios Clementi ... Read More »

Dine-In Theater to Anchor Final Phase of Vista’s LaCenterra Development

HOUSTON — Houston‐based developer Vista Equities Group and Amstar Group, its equity partner, are preparing to start development on the final phase of its LaCenterra at Cinco Ranch mixed-use development on the Grand Parkway. The last phase will be anchored by a 37,000 SF Alamo Drafthouse Cinema, which will have eight auditoriums and an adjacent bar with outdoor patio seating. ... Read More »

Chevron’s 28 Acres on Loop 610 Moving Toward a Sales Effort and Rezoning

BELLAIRE – (By Michelle Leigh Smith) – City officials in Bellaire are considering rezoning the 28-acre Chevron campus, one of the largest West Loop land parcels in the Houston area. Chevron is preparing to put the property on the market and move its 900 Bellaire employees to downtown Houston. The Chevron site is just south of the Galleria, on the ... Read More »

Airtex Industrial Site Sold

HOUSTON – Fleet Management Co. has purchased 9.2 acres at Airtex Commerce Center – Phase II located at 431 E. Airtex Drive where a Penske rental and equipment maintenance facility will be built. The seller, Molto Properties, was represented by Walker Barnett and Ryan Byrd of Colliers International. Glynn Mireles and Richard Warren of CBRE represented the buyer in the transaction. Molto originally purchased a ... Read More »

Making Real Estate History: 2016 was the Best Year Ever for Home Sales in Houston, Realtors Say

HOUSTON – The Houston home market, avoiding serious damage from the decline in the energy industry and weak job growth, registered record-setting home sales in 2016, the Houston Association of Realtors reported. The HAR reported 76,449 home sales in 2016, up 3 percent from the 74,174 sales in 2015. Last year was the strongest year ever for single-family sales in ... Read More »

NAHB Predicts Home Construction to Rise in 2017, Creating Shortage of Lots, Labor and Loans

ORLANDO – Lots, labor and lending will steer the U.S. homebuilding industry this year, with single-family housing starts expected to increase 4.9 percent to 1.16 million from a year ago,  according to the National Association of Home Builders (NAHB). Mortgage rates will average 4.5 percent this year before ticking up to 5.3 percent in 2018, said NAHB Chief Economist Rob ... Read More »

Patrinely to Develop New Campus for HP in Springwoods Village

HOUSTON – A 378,000-SF office campus for the HP computer firm will be developed in the Springwoods Village mixed-use project north of Houston. The 2,000-acre Springwoods Village, developed by CDC Houston, is the site of the new 3 million SF Exxon Mobil campus. The HP campus, where 2,400 HP employees will work, will be developed a joint venture led by ... Read More »

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