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Spaces Co-Working Organization Leases 53,000 SF in Post Oak Central

HOUSTON – (Realty News Report) – Spaces, a co-working provider from Amsterdam, has leased 53,000 SF in Post Oak Central for a co-working facility, located on Post Oak Boulevard, just north of the Galleria. Spaces will occupy the first three floors of Two Post Oak Central, owned by Parkway Property Investments. Spaces will open in the fourth quarter of 2019. ... Read More »

ClearWorth Capital Buys Project, Searching for More Value-Add Multifam in Texas

CONROE, Texas – (Realty News Report) – ClearWorth Capital acquired the 213-unit Redford Park Apartments, a Class B project in Conroe, north of Houston. CBRE represented the seller. ClearWorth is seeking value-add multifamily investments in Texas, said the firm’s Jordan Tabbert, VP of acquisitions. ClearWorth is a Texas partnership led by the principals of Dallas-based Seneca Investments and Houston-based NOI ... Read More »

63 Warehouses Under Construction in Houston; More on the Way as Industrial Market Heats Up

HOUSTON – (Realty News Report) – Warehouse construction is surging in Houston as strong job growth, improving oil prices and the city’s emergence as a major distribution hub has energized the industrial real estate sector. Sixty-three major industrial buildings are currently under construction and more new space is on the way, according to a new report by the Avison Young ... Read More »

The Future of Downtown Houston’s Skyscrapers: Q&A with Tyler Garrett of Transwestern

HOUSTON – (Realty News Report) – Houston’s central business district’s office market has seen better times With 2 million square feet of sublease space on the market, the downtown availability rate is around 20 percent. In addition, new office towers such as Hines’ new office development on the former Houston Chronicle site will further increase pressure. But downtown still is ... Read More »

The Greening of Houston: Q&A with Park Visionary Guy Hagstette

HOUSTON – (Realty News Report) – Sometimes thought of as a concrete jumble, central Houston is getting greener. From the new offerings such as Discovery Green and Buffalo Bayou, to plans for a more expansive Memorial Park – to say nothing of the revitalized Hermann Park – Houstonians are benefitting from efforts to make the city more beautiful – and ... Read More »

Opendoor Launches Online Home Buying/Selling in Houston

HOUSTON – (Realty News Report) – Opendoor, a San Francisco-based residential real estate company on a mission to revolutionize home buying and selling, will soon close its first sale in Houston since launching in July. As one of the top three housing markets in the country, Houston is ripe for the Opendoor model, said Greg Hiltz, Opendoor City Launcher. “We ... Read More »

Caydon’s 27-Story Apartment Tower Adds to Midtown Mix

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – Housing in Midtown is going up – in both number of residential units and in the height of buildings accommodating them. As the first apartment tower project out of the ground in the redeveloping neighborhood, Australia-based developer Caydon’s $200 million 27-story apartment tower at 2850 Main St. recently hit the ... Read More »

Houston Economy Adds 128,700 New Jobs in Record Surge

HOUSTON – (By Ralph Bivins, Realty News Report) – Some 128,700 new jobs were created in Houston over the last 12 months – one of the largest job gains ever reported by the Texas Workforce Commission. It was the highest 12-month total recorded since the Labor Department started tracking job growth in this way in 1990, the Houston Chronicle reported. ... Read More »

Commercial real estate markets prosper; Texas metros follow suit, says Avison Young investment report

HOUSTON – (By Dale King, Realty News Report) — Despite investor concerns over interest-rate hikes, the economy and the country’s political landscape heading into 2018, overall U.S. investment sales volume in the first half of this year increased 4 percent year-over-year to some $137 billion in markets where commercial real estate services company Avison Young has an office. “Industrial, retail and ... Read More »

The Future of the Energy Corridor: Q&A with David Hightower

HOUSTON – (Realty News Report) – Houston is the world’s energy capital and a seven-mile stretch of Interstate 10 has been the city’s Energy Corridor for decades. Located on the west side between Beltway 8 and the Grand Parkway, the Energy Corridor currently is home to some 300 multi-national, national and local companies including BP America, ConocoPhillips, and Shell Oil ... Read More »

Cube Smart Buys Project on Richmond Ave., Reports JLL and Cushman & Wakefield

HOUSTON – (Realty News Report) – The self storage practice groups of Cushman & Wakefield and JLL have completed the sale of the Self Storage 1 portfolio encompassing two properties with a total of 158,000 SF in Los Angeles and Houston. CubeSmart LP, a national owner/operator, purchased the portfolio from Cardiff Mason Development, a private development firm based in San ... Read More »

Six Self-Storage Facilities Sold

HOUSTON – (Realty News Report) – CBRE announced the sale of a six-property self-storage portfolio in the greater Houston area for an undisclosed amount to a public non-traded real estate investment trust sponsored by SmartStop Asset Management. CBRE’s Nick Walker, John Fenoglio and Trevor Roberts represented the seller, Metro Mini Storage. SmartStop Asset Management is a California real estate company ... Read More »

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