Wednesday , 25 November 2015
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CBRE: Black Friday Sales Expected to Rise 2.4 Percent

HOUSTON – Black Friday retail sales after Thanksgiving are expected to be up 2.4 percent over last year, CBRE Research reports. And lower cost travel may give consumers a bit more money in their pockets that can be used for Christmas shopping. Sharing (below) CBRE Research’s Marketwatch report on the dollars and cents of Thanksgiving (and Black Friday).  Cyber Monday ... Read More »

Champions Pipe Leases Office Space in Greenspoint

HOUSTON – Champions Pipe & Supply has leased space at 4 Greenspoint Place, a Hines office property, according to Colvill Office Properties. 4 Greenspoint Place, a 403,384-square-foot Class A office building, is located in the 36-acre Greenspoint Place mixed-use office/retail development at 16925 Northchase Drive. The buildings at Greenspoint Place, originally developed by Friendswood Development, were completed between 1978 and ... Read More »

$38 Million Building Underway at Texas A&M Maritime Campus in Galveston

HOUSTON – Linbeck Group, a Texas-based construction firm, is building phase one of an academic complex at Texas A&M University at Galveston.  With a $37.5-million price tag, the first phase is scheduled to start in November and is expected to be completed in 396 days. The four-story, 86,000-sf building will be located at the main entrance of Texas A&M University ... Read More »

Even With Its 380 Airports, Texas Mobility Will Be Challenged by Population Surge, CBRE Research Reports

HOUSTON – Mobility and air connectivity are key issues for the Texas, which is experiencing exceptional population growth, according to CBRE Research. The so-called Texas Triangle – a growing region bounded by Houston to Dallas to San Antonio – is expected to see massive growth in the coming years, a challenge to mobility. “By 2045, the Texas Triangle will add ... Read More »

The Bow-Wow Factor: Apartment Landlords Addressing Huge Demand for Pet Amenities

WASHINGTON, D.C. – If multifamily developers want to attract tenants with pets they better offer apartments with a major Bow-Wow Factor. Some 67 percent of pet-owning apartment dwellers wants a community dog parks in their apartment, according to a new study by the National Multifamily Housing Council and Kingsley Associates. Another must-have: a dog washing station. Some 54 percent of ... Read More »

Ed Wulfe Starting Mixed-Use Project in The Woodlands

THE WOODLANDS – Wulfe & Co., a Houston company led by Ed Wulfe, is developing a 58,000-square-foot mixed-use project called East Shore Place near Grogan’s Mill Road in The Woodlands, the Houston Chronicle reported. Ziegler Cooper is the architect of the two-story project, which will have office space above ground level retail. Arch-Con Corp., a Houston firm led by Michael ... Read More »

Mercantil Commercebank Buys Bank Site Near Energy Corridor

HOUSTON – Vista Mason Creek, Ltd. has sold a one acre site to Mercantil Commercebank National Association in West Houston. The property is specifically located at the northeast corner of Interstate 10 West and Merchant’s Way in Mason Creek Corporate, which is a 110 acre business park located at the northeast corner of I-10 and Mason Road. Mercantil will build ... Read More »

Hotels Cluster Around New Exxon Mobil Campus

HOUSTON – Woodbine Development Corp. and InterMountain Management have opened the 128-room Residence Inn by Marriott Springwoods Village adjacent to the new 3 million-SF Exxon Mobil campus north of Houston. It is the first of four possible hotels slated for the 1,800-acre Springwoods Village, a $10 billion project being developed by CDC Houston, a subsidiary of Coventry Development of New York. ... Read More »

Martha Turner Becomes Chairman Emeritus at Houston’s Turner Realty Firm

HOUSTON  – Martha Turner Sotheby’s International Realty announced today that Founder & Co-President Martha Turner and Co-President Tom Anderson are transitioning into new positions as Chairmen Emeritus as the company paves the way for longtime Vice President of Sales Marilyn Thompson to assume the role of President. The residential firm has 240 sales associates with offices located in Briar Hollow/River Oaks, Memorial, ... Read More »

Larry Johnson Firm Buys 600 Acres in Richmond, Texas for Master Planned Community

RICHMOND, Texas – Johnson Development Corp. has acquired a 590-acre tract in Richmond, southwest of Houston, for a master planned community with 2,500 homes. The site is north of U.S. Highway 59 near the Sweetgrass active-adult community being developed by Del Webb. Johnson said development activity is expected to begin by mid-2016 with construction of new homes projected for early-2017. ... Read More »

Skanska Starts 81,000 SF Building on Aggie Campus

COLLEGE STATION, Texas – Skanska USA has been awarded a $21 million contract with Texas A&M University to oversee the construction of the Agriculture & Life Science Building 4. The project broke ground last week and it will be completed in February 2017. The new five-story, 80,000 square-foot building will house the university’s Department of Wildlife and Fisheries Sciences. The first ... Read More »

Multifamily News Briefs from Realty News Report

DALLAS — Olympus Property has acquired Alexan Arts in Dallas, a 368-unit luxury mid-rise apartment community set on more than 3.5 acres just east of Olympus’ headquarters in Fort Worth. Built in 2015, Alexan Arts’ amenities include a clubhouse with social lounge and resort-style swimming pool with outdoor grills. It is the sister property to Olympus’ Mosaic high-rise property, also ... Read More »

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