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Houston Putting Finishing Touches on Amazon HQ Bid

HOUSTON – Houston has not yet submitted its bid for Amazon’s second headquarters, a massive project that will result in 50,000 new jobs. But Houston economic development officials say an impressive package is being prepared. The deadline for submitting proposals is next week and cities across the country are scrambling to entice the retailing giant with incentives, tax breaks and ... Read More »

All-Time Record: September Home Rental Activity Up 86 Percent as Houstonians Seek Refuge From Hurricane Harvey

HOUSTON – (Realty News Report) – Houstonians leased a record number of single-family homes in September, as the Hurricane Harvey’s damages prompted an 86 percent increase in rental activity. With an estimated 70,000 homes suffering damage from the storm, many homeowners were left with no choice, but to seek shelter in rental housing. In the aftermath of the storm, which ... Read More »

Houston Home Sales Up 14 Percent in September as Residential Market Shakes Off Hurricane Impact

HOUSTON – Houston home sales bounced back after Hurricane Harvey, registering a 14 percent jump September over the flood-ravaged August. “I don’t think anyone expected to see home sales in positive territory this soon after a natural disaster of Harvey’s magnitude, but the September report speaks volumes about the incredible resiliency of the Houston real estate market,” said HAR Chair ... Read More »

Bridgeway Capital Leases Space in the former Innova Building

HOUSTON – The Bridgeway Capital Management investment firm leased 14,256 SF in the 20 Greenway Plaza building in the Inner Loop of Houston. Griff Bandy of NAI Partners represented the tenant. The landlord, 20 Greenway Plaza LLC, was represented by Steve Rocher of CBRE. The 20 Greenway is a 10-story, 470,000-SF building near the intersection of Weslayan and Richmond Avenue. ... Read More »

Searle Ready for Houston’s Industrial Evolution at NAI Partners

HOUSTON – The Houston industrial market is evolving, says Ryan Searle, industrial broker in the Houston offices of NAI Partners. Industrial construction has been on rise, Searle says, as Houston has gain prominence as a distribution hub. Large distribution projects, much bigger than what has been typical in the past, have been built in recent years. A 900,000-SF facility is ... Read More »

Number of Craft Breweries in Texas Up 990 Percent, CBRE Reports

AUSTIN – (Realty News Report) – The number of craft breweries in Texas grew 990 percent in the past 12 years, up from 20 in 2005 to 218 in 2017, according to new research from CBRE. The driving force behind the craft beer revolution in Texas is microbreweries, which grew by nearly 5,000 percent, up from three in 2005 to ... Read More »

Contanda Secures 339 Acres for Port of Houston Deep-Water Terminal

HOUSTON — (Realty News Report) – Contanda Terminals, a Houston-based provider of bulk liquid storage and logistics services in North America, has acquired 339 acres with deepwater access at the Port of Houston where it will construct a shipping terminal. “With this project, Contanda has the opportunity to make significant strides in achieving our corporate goals while firmly establishing our ... Read More »

Sorrow in the H-E-B Desert: Meyerland Citizens Mourn Loss of Flooded Grocery Store

HOUSTON – (By Michelle Leigh Smith) – The H-E-B grocery near the banks of Brays Bayou in Southwest Houston flooded again during Hurricane Harvey. This came after heavy flooding  on Memorial Day in 2015. Finally, H-E-B announced last week it will close the store permanently, rather than repair and remodel yet again. The news came as no surprise to regular ... Read More »

Industrial Strength: Oakmont Building Huge Spec Warehouse in Emerging Distribution District

HOUSTON – (Realty News Report) – Atlanta-based Oakmont Industrial Group has commenced construction on Oakmont West 10, a 673,785 SF spec warehouse in the West Ten Business Park on Interstate 10, west of Houston. The project will be on 42 acres in West Ten Business Park, which Oakmont acquired from from Parkside Capital. John Simons and Holden Rushing with NAI ... Read More »

Brookfield Completes First Phase of Allen Center Redevelopment

HOUSTON – (Realty News Report) – Brookfield Property Partners L.P. has announced the completion of the first phase of the redevelopment of Allen Center, a 3.2 million SF complex at the southwest corner of Smith and Dallas streets in downtown Houston. A skybridge was removed, the lobby of One Allen Center was revamped and a one-acre park was created. The ... Read More »

The Hayworth: Transwestern Development’s New Multifamily Community in Tanglewood Area

HOUSTON – Transwestern Development Co. announced the opening of its leasing center for its new multifamily development in the Tanglewood area of Houston. The 246-unit community, called The Hayworth, is located at 1414 Wood Hollow Drive, near the intersection of Voss Road and Woodway. The Hayworth will have a yoga lawn, a dog spa and a dog park. Greystar Management ... Read More »

Trammell Crow to Develop 37-Story Office Tower in Downtown Austin

AUSTIN – Trammell Crow is planning a 37-story office tower on Block 71 – a downtown Austin site owned by the University of Texas System, reports Shonda Novak of the Austin American-Statesman. The project will include 665,000 SF of office space, plus restaurants and retail space. Trammell Crow signed a 95-year lease on the university’s 1.75-acre site, bounded by West ... Read More »

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