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Category Archives: Houston

Landry’s Planning 30-story Hotel Near Houston’s Galleria

HOUSTON – The Landry’s organization, which owns four Golden Nugget casino hotels and 500 restaurants, is planning a 30-story hotel and conference center adjacent to its corporate headquarters on Loop 610 in Houston. The 9-acre site already includes Landry’s headquarters building and a Rolls Royce and Bentley auto dealership controlled by Landry’s chairman and CEO Tilman J. Fertitta. The Landry’s ... Read More »

Attention Office Building Managers: IREM and the City of Houston Announce Green Building Competition

HOUSTON – The Institute of Real Estate Management  (IREM) and the City of Houston have joined forces to promote competiitions to encourage Houston building owners to step-up sustainability efforts. An IREM statement reports: Participating properties and tenant spaces will engage in a sustainability “challenge” comprised of two parts: the Houston Green Office Challenge and the IREM Sustainable Property Challenge.  The goal: ... Read More »

Houston Home Sales Have Strongest August Ever

HOUSTON – The Houston housing market had its strongest August ever with 7,505 single-family home sales, up 1.1 percent over August 2013, according to the latest monthly report prepared by the Houston Association of Realtors. The average price of a single-family home rose 6.4 percent year-over-year to $275,369, HAR said. The median price—the figure at which half the homes sold for ... Read More »

Transwestern Investment Group Buys Office Building in Reston, Va.

RESTON, Va. – Transwestern Investment Group announces the Parkridge III, a 107,400-square-foot office building located at 10701 Parkridge Blvd. in the Reston submarket of Washington, D.C., was acquired on behalf of Diversified International Partners, a private equity real estate fund for Latin American institutional investors and qualified high net-worth investors. Transwestern Investment Group (TIG), the fund manager, found this opportunity ... Read More »

Another Energy Corridor Office Building Started by Skanska

HOUSTON – Skanska USA Development has started construction on a $100 million office building in the Energy Corridor district in west Houston. West Memorial Place II will be a 14-story office building with approximately 380,000 square feet of rentable space. It is targeted for LEED Platinum certification. The new office building will be adjacent to West Memorial Place I, Skanska’s ... Read More »

Houston Retail Center Market Hot – And There’s Gobs of New Grocery Stores Coming

HOUSTON—Houston’s retail market posted its best overall occupancy rate in a decade as retailers continued to expand to secure locations in one of country’s economically healthiest metropolitan areas. As of mid-year 2014, the market posted an occupancy rate of 96 percent, the highest level to be reached in more than a decade, according to a study by the Weitzman Group ... Read More »

Another Office Project Started Near New Exxon Mobil Campus

THE WOODLANDS, Texas –  Halberdier Holdings an emerging commercial real estate enterprise, broke ground clearing on a 100,000 square foot Class A office building designed by Powers Brown – across from ExxonMobil’s new mammoth operational HQ just south of The Woodlands. THE H Energy North @ Northgate Crossing office project is part of Halberdier Holdings  growing commercial real estate investment and development portfolio and ... Read More »

ULI Panel: The Future of Water is Serious Business in Texas

(By Ralph Bivins) HOUSTON – The “Future of Water” in Texas is a mega-issue that will force the state’s future leaders to spend billions for water resources development in the coming decades as the population booms. The Texas Legislature voted last year to create a $2 billion fund as seed money to address the issue over the next fifty years. ... Read More »

Atlanta Group Buys Hotel Near Houston

SUGAR LAND, Texas – Noble Investment Group of Atlanta purchased the Hyatt Place Houston/Sugar Land, a 214-room hotel in Sugar Land, Texas. The Hyatt Place Houston/Sugar Land is located on 3.69 acres at 16730 Creek Bend Drive in Sugar Land at the intersection of Highway 6 and U.S. 59.  The hotel, which opened in 2010, has 6,000 square feet of ... Read More »

Houston’s Top 5 Off-The-Radar Realty Hot Spots

(Commentary by Ralph Bivins) The obvious plays have already been made in Houston’s commercial real estate. Everybody knows Uptown, Midtown and Downtown. RealtyNewsReport editor Ralph Bivins has named five Houston corridors that could become hot in the not-so-distant future: South Main Street. A stretch of Main Street north of Loop 610, could be a lot more as old motels and ... Read More »

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