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Author Archives: rnrbivins

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 »

NAR Economist: Rising Interest Rates Not Good for Home Sales, But Won’t Trigger a 2020 Recession

BOSTON –  (Realty News Report) – Mortgage rates are expected to rise in 2019, but a recession in the next 12-18 months doesn’t appear in the cards, said Lawrence Yun, the National Association of Realtors’ chief economist said during the Realtors Conference & Expo here. Mortgage rates, now just below 5 percent will increase to about 5.3 percent in 2019 ... Read More »

Economist Ralph McLaughlin Moves to CoreLogic

IRVINE, Calif. – (Realty News Report) – Real estate economist Ralph McLaughlin, has been named deputy chief economist at CoreLogic, a global property information, analytics and data-enabled services provider. McLaughlin formerly served as chief economist at Trulia and he founded Veritas Urbis Economics. As deputy chief economist, McLaughlin will bring his unique ability to communicate applied research to audiences at ... Read More »

Stream Developing Medical Building on Katy Freeway

HOUSTON – Stream Realty, in partnership with Wellington Development, will develop a 125,000-SF, five-story medical office building at 1001 Katy Freeway in the Spring Valley Village area. The building, the second medical development in Houston for Stream, will be connected to a seven-level garage adjacent to Campbell Road. Kirksey Architecture designed the building, slated to open in spring 2020. “I’m ... Read More »

Hewlett Packard Enterprises to Build New Campus in North Houston

HOUSTON – (Realty News Report) – A 568,000-SF campus will be developed in Springwoods Village for Hewlett Packard Enterprises. The project will break ground in the fourth quarter of next year, joint venture of Patrinely Group, USAA Real Estate and CDC Houston announced CityPlace at Springwoods Village, in north Harris County. This development will house the fourth major corporation to ... Read More »

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