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Houston Leasing Briefs

HOUSTON – (Realty News Report) – City Bank is relocating its Houston branch to Midway’s CITYCENTRE development in west Houston. City Bank, based in Lubbock, currently has its location at 10800 Bellaire Boulevard, Located near the Sam Houston Tollway and the Katy Freway, CITYCENTRE is a 47-acre mixed-use development with 350,000 SF of retail, 625,000 SF of office, 1,155 apartment units ... Read More »

How to Build a Successful High-Rise Apartment Tower in Downtown Houston: Q&A with Marvy Finger

HOUSTON – (Realty News Report) – Downtown Houston has undergone massive changes over the past several decades.  From a CBD where the sidewalks seemed to be rolled up at 6 pm and a place only a few thousand lived, downtown Houston has been transformed with new multifamily developments and expansive amenities such as Discovery Green.  Will the downtown boom continue?  ... Read More »

NKF Negotiates Lease for Rugs USA

EAST BRUNSWICK, New Jersey – (Realty News Report) – Newmark Knight Frank has announced the 341,984-SF industrial center lease by Rugs USA in Corporate Park Cranbury, owned by the Sudler Cos. NKF’s Houston-based Executive Managing Director Derek Myers and New Jersey experts, Director Kyle Eaton and Senior Managing Director Peter Rossi represented Rugs USA in the transaction. Rugs USA had ... Read More »

Houston’s Industrial Boom: Q&A with Mike Spears of Lee & Associates

HOUSTON – (Realty News Report) – Houston’s industrial real estate sector continues to be vibrant, thanks to a number of factors including an uptick in e-commerce distribution centers and logistics facilities. According to Colliers International’s 2018 second quarter industrial report, more than 12.3 million square feet of industrial space is currently under construction, much of that in the form of distribution and logistics facilities. In addition, industrial activity ... Read More »

New Park Under Development in Downtown Houston

HOUSTON – (Realty News Report) – The Downtown Redevelopment Authority is seeking landscape design consultants to plan the development of the new Southern Downtown Park on three quarters of a block bounded by Bell, San Jacinto, Leeland and Fannin streets. The new park, to be built on land that has been used by Goodyear Tire for many years, is expected ... Read More »

Clay Starting Spec Distribution Development in Sheldon Business Park

HOUSTON – (Realty News Report) – Clay Development & Construction Inc. is building a 214,300-SF distribution center on 11.2 acres at North Lake Houston Parkway and East Sam Houston Parkway North in northeast Harris County. The spec project is pioneering an area between the Port and Bush Intercontinental Airport. With completion slated for the second quarter 2019, Sheldon Distribution Center I ... Read More »

Houston Real Estate in Changing Times: Q&A with Wade Bowlin of PMRG

HOUSTON – (Realty News Report) – It was a marriage of giants — PMRG, founded in Houston to become one of the America’s largest privately-held commercial real estate firms specializing in project leasing, property management, investment management and development services and Madison Marquette, one of the nation’s leading privately-held commercial real estate investment and operating companies.  The firms merged in ... Read More »

Chevron Sells 30-Acre Campus on Loop 610 in Bellaire

BELLAIRE – (Realty News Report) – SLS Properties, a Houston firm led by Danny Sheena, has acquired the 30-5-acre Chevron campus at Loop 610 at Fournace Place in Bellaire. Chevron vacated the property. The Chevron site includes two vacant office buildings, a 10-story, 452,000-SF office tower and a 95,000-SF structure. SLS plans to construct a four-level parking garage and lease ... Read More »

Ronald McDonald House Expands at Texas Medical Center

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – An adorable 4-year old moved in to Ronald McDonald House Houston at 1907 Holcombe with her parents last week. She looked out the towering window and spied the red, blue and yellow playscape. “Can I please go out now?” she asked. The cheery, family-centric atmosphere has been added 40 ... Read More »

Ernst & Young Renews Lease at 5 Houston Center

HOUSTON – (Realty News Report) – The Ernst & Young accounting firm leased 120,827 SF at 5 Houston Center at 1401 McKinney St. in downtown Houston. The office lease is a relocation and extension within the building, where E&Y has been located for years. Transwestern represented the landlord, Spear Street Capital. CBRE’s Glynn Dyke, Sanford Criner and Jeff Cairns represented ... Read More »

Hines Sells Its WaterWall Place Apartments

HOUSTON – (Realty News Report) – Hasta Capital has acquired WaterWall Place, a seven-story, 316,000-sf, 322-unit for-rent residential project in Uptown Houston, adjacent to the Galleria mixed-use development. Hines developed the apartment building, located on a three-acre site at the northeast corner of Hidalgo Street and McCue Road, overlooking the Gerald D. Hines Waterwall Park, next to the 64-story Williams Tower. ... Read More »

Stanmore Partners Developing 292-Unit Multifamily Project in Sienna Plantation

HOUSTON – (Realty News Report) – Houston-based Stanmore Partners, a real estate development and investment firm led by industry veterans Jason Schlanger and Carter Bechtol, has broken ground on its latest multifamily development in Sienna Plantation. Ravella at Sienna Plantation Apartment Homes, located at 5330 Sienna Parkway (at Sienna Parkway and Fort Bend Parkway), will be a three-story Class-A multifamily ... Read More »

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