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Greenway Plaza Adds Retail and Restaurants

HOUSTON – (Realty News Report) – Three retail outlets, Fusion Eats, Green Lane Co., and the Michael Saldana Salon have leased space at Greenway Plaza in the Inner Loop of Houston. Greenway Plaza is a 52-acre development with 11 office buildings totaling 4.9 million SF and other development near the Southwest Freeway and Buffalo Speedway. The Canada Pension Plan Investment ... Read More »

Liberty Property Trust Sells Houston Office Building for $30.5 Million

HOUSTON – Liberty Property Trust sold the Legacy at Fallbrook office building, a 206,000-SF office property at 10720 West Sam Houston Parkway North. The five-story building has 43,300-SF floor plates. The buyer, Exeter Property Group, paid $30.5 million for the building, which sits on a 13-acre tract in northwest Houston. Liberty Property Trust completed the building in 2015, just as ... Read More »

UH’s Bill Gilmer: Houston Not a Good Match for Amazon, Anyway

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Houston reigns as the “center of the universe for plastics” but the city is not the logical choice for Amazon’s second headquarters, says University of Houston economist Bill Gilmer. “We’re not a match in terms of our labor force,” Gilmer told the Greater Heights Area Chamber of Commerce in a ... Read More »

REIT Buys Pad-Site Bank Building

HOUSTON – (Realty News Report) – NADG NNN REIT, an investment group that acquires free-standing retail buildings the parking lots of shopping centers, has acquired a Bank of America building on the Katy Freeway in Houston. HFF handled the sale of the 7,568-SF, single-tenant retail building leased to Bank of America’s Hedwig Village branch. The HFF team marketed the property ... Read More »

Texas Builders Reported Strong Sales in 2017, According to HomesUSA

HOUSTON – (Realty News Report) – Texas home builders registered a strong year for sales in 2017, according to a report by HomesUSA.com. “We are coming off one of the best years in recent Texas new home construction history, despite the devastating impact of Hurricane Harvey,” said Ben Caballero, owner of HomesUSA. “For builders and buyers, new home sales appear ... Read More »

Two New Tenants Going to Sage Plaza

HOUSTON – (Realty News Report) – Sage Plaza, a 25-story building in Houston’s Uptown/Galleria submarket, has two new tenants, according to CBRE. The 531,000-SF Sage Plaza, 5151 San Felipe at Sage Road, was completed in 1983. Jason Presley and Debbie Wilson of CBRE’s Houston office represented the building owner, Granite Barnhart Sage Plaza, LP, in the leases. The two lease ... Read More »

Report: Houston Must Add 214,000 New Apartments by 2030

HOUSTON – (By Dale King, Realty News Report) – “We live in an age of disruption, and the multifamily industry, historically slow to adapt to change, is especially at risk.” A newly released report from the National Multifamily Housing Council (NMHC) offers that grim assessment of the herculean task facing the apartment industry. The council’s research says 4.6 million new ... Read More »

Lee Says Tenant Sentiment is Up: ‘They are Excited and They are Looking at Space’

HOUSTON – (Realty News Report) – West Texas Intermediate crude is $64 a barrel, oil well drilling activity is increasing and the Houston commercial real estate market is feeling good about it, according to a major player in the city’s industrial property scene. “The sentiment of our clients – and we have a lot of oil and gas clients – ... Read More »

Texas Real Estate Outlook: Four Major Markets Headed for Growth in 2018

Texas’ four major metropolises are expected to continue with stable real estate development and population growth this year, according to Avison Young’s 2018 annual report analyzing the office, retail, industrial and investment sectors in 67 markets in six countries on two continents. According to Avison Young: — Despite difficulties related to a slowly recovering energy industry and a historic amount ... Read More »

Namesake Tenant Renews Huge Lease in Iconic Tower

HOUSTON – (Realty News Report) – Williams, one of the nation’s leading natural gas infrastructure operators, has renewed its 353,944-SF lease in Williams Tower, a 64-story office building adjacent to the Galleria. Dave Hanusa, Bonnie Kelley-Dienna and Jason Presley of CBRE’s Houston office represented the landlord, Invesco Real Estate. Ronnie Deyo and Beau Bellow of JLL represented the tenant. Headquartered ... Read More »

Hertz Investments Group Buys Westchase Building

HOUSTON – (Realty News Report) – Hertz Investment Group of California purchased the 10-story Westchase Park Plaza office building at 11490 Westheimer in Houston. The seller of the 232,000-SF building was an entity affiliated with Parmenter Realty Partners of Miami. The $24 million deal is the first in Texas for Hertz, a Woodland Hills, Calif.-based office investment firm founded in ... Read More »

Cotton Holdings Moves HQ to CityCentre

HOUSTON – (Realty News Report) – Cotton Holdings is relocating its global corporate headquarters to Midway’s CityCentre development in west Houston, near the intersection of Beltway 8 and the Katy Freeway. Cotton is subleasing 11,751 SF from PDS Americas in the CityCentre Four building. Cotton, which has a campus in Katy, was started 20 years ago as a disaster restoration ... Read More »

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