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Avison Young: Smooth Sailing Ahead for Houston

HOUSTON – (Realty News Report) – The consensus among local real estate pros is 2019 will be a good year for real estate in Houston. And it’s a plausible narrative. For one thing, job growth has been excellent. Some 114,400 new jobs were created in the 12 months ending in November.  The nattering nabobs of negativism say the   impressive job ... Read More »

Houston Real Estate Briefs

Schiffer Hicks & Johnson, PLLC, a law firm specializing in energy, healthcare, construction, corporate and securities litigation and appellate cases, has signed a 10,875 SF lease at 700 Louisiana St. John Spafford with Madison Marquette/PMRG represented the landlord, Houston Pt BAC Office Ltd. Partnership. Jon Lee with CBRE in Houston represented the tenant. NAI Partners recently arranged a 2,000 SF retail ... Read More »

Deloitte to Stay at Heritage Plaza — Massive Deal Ends Speculation of Move to New Hines Tower

HOUSTON –  (Realty News Report) –  The Deloitte accounting firm has renewed its lease in Heritage Plaza in downtown Houston, according to the building’s owner, Brookfield Properties. Deloitte had been one of the major tenants in play in downtown Houston. Last year, the accounting firm had been mentioned as a possible tenant in the new Hines tower under construction on ... Read More »

New mixed-use community center to benefit from $2.6M construction grant

HOUSTON – (By Dale King, Realty News Report) – Avenue, a local nonprofit group dedicated to building affordable homes and strengthening communities, has unveiled plans to develop Avenue Center, a new mixed-use community resource hub across from Moody Park in Near Northside, one of the pilot neighborhoods included in Mayor Sylvester Turner’s Complete Communities initiative. Avenue’s proposal to build the center ... Read More »

Adkisson Group Buys 225 Acres for Baytown Industrial Park

HOUSTON  – (Realty News Report) – Adkisson Group acquired 225 acres near Baytown for the development of a business park on the east side of Houston. The property, called Bay 10 Business Park, is located on the west side of Grand Parkway just south of I-10 East and is zoned for light industrial and heavy industrial uses. It’s currently home to ... Read More »

McAllen’s Industrial Real Estate Vacancy Hits Record Low as Trump Visits S. Texas City

McAllen, Texas – (Realty News Report) – Vacancy in the industrial real estate market has reached an all-time low as strength in the warehousing/distribution sector has tightened commercial real estate availability. McAllen, just north of the Mexican border, was drawn into the national spotlight Thursday as President Donald Trump visited the city amid the ongoing immigration debate. The McAllen city ... Read More »

Allen Center’s Redone Hotel Christened with a Surprising Brand Name

HOUSTON – (Realty News Report) – Downtown’s  Doubletree hotel is being rebranded the “C. Baldwin” hotel as part of a redo of the Allen Center development. The C. Baldwin is named after Charlotte Baldwin Allen, who has long been overshadowed by her more high-profile husband, Augustus Chapman Allen, the New York real estate speculator who co-founded Houston with his brother, ... Read More »

2018 Was Best Year Ever for Houston Home Sales

HOUSTON – (Realty News Report) – Houston had its best year ever for home sales in 2018, as strong job growth rocketed Houston housing to a new high. The Houston Association of Realtors reported 82,177 single-family home sales in 2018. It was the first time annual sales ever cracked the 80,000-sales barrier. Last year’s sales performance represented a 3.7 percent ... Read More »

NAI Partners Expands to Florida

HOUSTON – (Realty News Report) – Agellan Management Limited Partnership selected NAI Partners’ Landlord Services Division to be the exclusive managing agent for its Tampa and Sarasota, Fla.-area industrial portfolio. This is Houston-based NAI Partners’ first property management assignment outside the state of Texas. The three industrial properties total just under 2,000,000 SF. They are  6100 McIntosh Road (906,449 SF) ... Read More »

Crow Buys Greenway Plaza Area Building for New Residential Project

HOUSTON – (Realty News Report) – The old Southwestern Bell building on Weslayan near West Alabama has been sold for a multifamily development by Trammell Crow Residential. The building, a 400,000-SF structure, was built in the early 1970s. It was built on a 9-acre tract connected to Kenneth Schnitzer’s famous Greenway Plaza assemblage. Trammell Crow Residential is expected to brand ... Read More »

Gibbs & Bruns Law Firm Leases Space at 1100 Louisiana

HOUSTON – (Realty News Report) – Colvill Office Properties has closed on a 40,836-SF, long-term office lease renewal to Gibbs & Bruns, LLP at 1100 Louisiana, a 1,265,332-SF Class A office building in downtown Houston. Gibbs & Bruns, a litigation boutique engaged exclusively in high-stakes business and commercial litigation, has occupied the two full floors since 1999. In 2017, the ... Read More »

2018 was a Record Year for Warehouse Construction in Houston, CBRE Reports

HOUSTON – (Realty News Report) – Houston’s warehouse construction hit an all-time high in 2018, CBRE reported. The boom erupted as retailers leased huge distribution centers while demand was strong for industrial real estate related to petrochemical and the oil and gas industry near Port Houston. CBRE reported 16.3 million SF on industrial construction starts in Houston in 2018. The ... Read More »

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