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Houston No. 2 in Nation in Housing Starts, Dallas No. 1, Reports Metrostudy

HOUSTON – Houston ranks No. 2 in housing starts, slightly behind Dallas, which leads the nation. In other words, the Lone Star State is the shining star in homebuilding so far in 2017. Houston recorded 25,789 housing starts for the 12-month period ending in March 31, 2017, according to Metrostudy. In the same 12-month period Dallas had 30,017 starts. Showing ... Read More »

Economic Outlook: Houston Mediocre-to-Partly Gloomy in 2017

HOUSTON – (By Michelle Leigh Smith) – The Houston economy, under an oppressive lid of $50 a barrel oil, is headed for a lackluster 2017 featuring overbuilt office and multifamily markets and tepid job growth, according to University of Houston economist Dr. Bill Gilmer. Gilmer delivered the mediocre-to-partly gloomy forecast to more than 800 Houston business leaders and UH supporters ... Read More »

Hines Starts 135-Acre Mixed Use Project Near Dallas: Coming Soon 1.5 MSF of Office, Plus Retail and Multifamily

DALLAS – Hines is developing The Strand, a new 135-acre corporate campus and mixed-use development that will include 1.5 million SF of office, 300,000 SF of retail, and urban residential along a greenbelt and waterway. The Dallas-area site is located at 121 and Alma, in Allen, Texas. Master planned by Gensler and situated in a prime location just south of McKinney, ... Read More »

High Hurdles Face Minority Home Buyers in Texas

AUSTIN – (By Dale King) – Affordability and a lack of financing pose hurdles for minorities and the diverse Texas population that seek to buy homes in the Lone Star State, says a new report by the Texas Association of Realtors. The report shows growing diversity in household composition and ethnicity among homeowners in Texas. But the TAR’s 20-page “Texas ... Read More »

Houston Home Sales: The Best April Ever

HOUSTON — April 2017 was the strongest April in the history of Houston real estate for single-family home sales, according to the Houston Association of Realtors. The record-setting April followed a record-setting March. The strong Spring sales indicates that the Houston market is heading toward its best year on-record. A total of 6,583 single-family homes sold in April, up 3.1 ... Read More »

7-Story Buffalo Heights Mixed-Use Project Under Construction in Houston

HOUSTON – Midway, a Houston development firm, has started construction near The Heights on a 7-story mixed-use building, anchored by urban-influenced H-E-B grocery. The project, owned by the Gordy family interests, is phase one of the Buffalo Heights District, a new development located on Washington Avenue between South Heights Boulevard and Studemont Street. “We’re marking a significant milestone for Buffalo ... Read More »

Coffee and Tea Importer Leases Huge Warehouse on Loop 610 in Houston

HOUSTON – The Dupuy Group, a warehousing and logistics firm which specializes in coffee imports and food grade cargo, leased an expansion of 213,000-SF of industrial space at 3240 South Loop, near Highway 288. The firm also renewed a leased on its existing space, giving Dupuy a total of 507,723 SF at the location. David Boyd of Boyd Commercial represented ... Read More »

Law Firm Leases North Belt Space

HOUSTON – Codilis & Stawiarski, P.C., a law firm that specializes in serving mortgage lenders and servicers, leased a full floor in the 400 North Belt building in the Greenpoint area. The law firm leased 19,675-SF in the office building, which is owned by an affiliate of Hartman Income REIT, a Houston-based firm led by Al Hartman. Brandi McDonald, with ... Read More »

Patrinely Group Delivers New Multifamily Project in West Houston

HOUSTON – Patrinely Group, a Houston-based firm that has developed 4,300 apartment units around the nation, delivered Folio West, a 266-unit multifamily complex at 2525 Citywest Boulevard with frontage on Westheimer Road. The project is owned by Crimson Real Estate Fund and its co-investment partner USAA Real Estate Co., Realty News Report has learned. The four-story project, designed by LRK ... Read More »

Average Monthly Rent for Houston Apartment Down $38 Over Last Year

HOUSTON – (By Dale King) – The average rent for an apartment in Houston has dropped $38 a month over the last 12 months, says a report by the Axiometrics, multifamily data firm. The cost of an average rental unit in Houston was $1,060 a month in March down from the $1,098 recorded in March 2016, the Axiometrics report says. ... Read More »

Avera Construction Delivers Office Building for Bihner Chen Engineering

HOUSTON –– Avera Construction of Houston recently completed an 8,650 SF design-build office building for Bihner Chen Engineering Ltd. Situated on a 1.7-acre site, the building is located in Katy, on the west side of Houston. In Katy, Avera also recently developed a 60,000-SF build-to-suit industrial building for ABC Supply. Avera Construction is an integral part of Avera Companies – ... Read More »

New Office Building Under Construction in Sugar Land

SUGAR LAND, Texas – E Contractors has broken ground on a 22,000 SF office building in the Sugar Land community in Fort Bend County. Located in the Lake Pointe area near the northwest corner of Highway 6 and U.S. 59, the two-story structure will have a modern glass exterior and steel construction. E Contractors is both the builder and developer ... Read More »

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