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Houston Developer Has 8,000 Acres in the Pipeline

HOUSTON – The developers of the 2,000-acre Aliana master-planned community in Fort Bend County have created a new brand, Airia Development Co. for a large agenda of future development. Airia, led by Travis Stone, president, controls 8,000 acres north of Houston for future development. Stone, who worked for Newland Communities earlier in his career, said Airia will develop multiple communities. ... Read More »

Underestimating Hurricane Harvey: Houston’s Office Market and a Reversal in the Sublease Recovery

HOUSTON – (By Ralph Bivins, Realty News Report) – Maybe we got too carried away with optimism a new months ago when Houston’s supply of sublease office space dipped below 9 million SF. There’s been a reversal. Now, the sublease supply is back over 9 million SF, thanks to TechnipFMC dropping 376,000 SF on to the Energy Corridor market. NAI ... Read More »

Medical Office Building Market is Healthy, Transwestern’s Johnson Tells ULI

HOUSTON – (Realty News Report) – The MOB (medical office building) market is strong in Houston and it’s getting stronger, says Eric Johnson, national director of healthcare at Transwestern. The MOB vacancy rate is about 11 percent but that should drop below 10 percent as newly built medical structures are delivered and absorbed, Johnson said last week, speaking at the ... Read More »

Downtown Law Firm’s New Offices Will Have Mock Courtroom

HOUSTON – (Realty News Report) – The Yetter Coleman law firm is moving from the 2 Houston Center building to the 811 Main building where its new office space will have a mock courtroom for training and legal preparation. Both the 811 Main building, formerly known as BG Group Place, and the 2 Houston Center building, recently purchased by Brookfield, ... Read More »

Land Tejas Breaks Ground Near Highway 288 on 850-Acre Project in Iowa Colony

IOWA COLONY, Texas – (Realty News Report) – Land Tejas, a Houston developer, has broken ground on the Sierra Vista community near Highway 288 south of Houston. The 850-acre development is a sister community to neighboring Sterling Lakes, also by Land Tejas. Pricing starts at the low $200,000s with homes by builders Anglia Homes, CastleRock Communities, D.R. Horton and Westin ... Read More »

New Charter School for Gulfton, Sharpstown Area

HOUSTON – Étoile Academy, a new Houston charter school, leased 13,850 SF at 6600 Hornwood Drive in Houston. The tuition-free, college-preparatory charter school will open August 2018. The school plans to grow one grade level per year for the next four years to eventually serve fifth through eighth grade students in a 48,000-SF facility. “We look forward to providing a ... Read More »

Sublease in Air Liquide Center

HOUSTON – (Realty News Report) – FairfieldNodal, a firm involved in energy exploration, leased 46,720 SF in a sublease at Air Liquide Center, a new building in the Memorial City development in west Houston. The Air Liquide Center, 9811 Katy Freeway, was developed by MetroNational about three years ago. NAI Partners’ Jon Silberman, John Ferruzzo and Nick Peterson, represented Sugar ... Read More »

Apache Signs 524,000-SF Lease for Uptown Houston Office Space

HOUSTON – (Realty News Report) – Apache Corp. has signed an extension to its 524,342 SF-lease in Post Oak Central, an Uptown Houston office complex where its headquarters has been for years. The new agreement, spanning 60 months, means that Apache’s lease won’t expire until December 31, 2024. Apache’s headquarters location has been in question for several years. In 2012, ... Read More »

Avera Signs On for Commercial Reserve at Elyson Master Planned Community

HOUSTON – The 260-acre commercial reserve in the Elyson master planned community is suitable for a major corporate campus or a large distribution center with as much as 2 million SF of warehouse space. That’s according to Avera, a Houston-based commercial development, construction and investment firm that is working with Elyson’s developer, Newland Communities to create development opportunities on the ... Read More »

Win the First One; Win Them All – World Champion Astros First 2018 Game is Friday

WEST PALM BEACH, Fla — (By Dale King, Realty News Report) – The cry of “Play Ball” will cut though the 80-degree-plus South Florida air at 1:05 p.m. Eastern Time Friday, heralding the official opening of Major League Baseball’s Spring Training season 2018. The Houston Astros – defending 2017 World Series Championships who haven’t faced a foe in an MLB ... Read More »

Another Project Started in the Busiest Construction Zone in Houston

HOUSTON – (Realty News Report) – A 10-screen Star Cinema Grill will be developed in the CityPlace, a mixed-use development north of Houston near the Exxon Mobil campus in Springwoods Village near Interstate 45. The theater adds to a building boom underway in CityPlace, where three significant office buildings and a hotel are currently under construction. Star Cinema, a Houston ... Read More »

Heitman Buys Large Medical Portfolio with 7 Texas Properties

HOUSTON – (Realty News Report) – Heitman LLC, a real estate investment management firm, has acquired a 1.4 million SF medical office portfolio, which includes four properties in the Houston area and three in San Antonio. The 17-buildings, known as the PHT Portfolio, includes buildings in seven states. JLL represented the seller, Bentall Kennedy, on behalf of a state pension ... Read More »

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