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Category Archives: Houston

Lionstone Investments to be Acquired by Columbia Threadneedle

HOUSTON – (Realty News Report) – Columbia Threadneedle Investments has announced an agreement for Columbia Management Investment Advisers, LLC to acquire Houston-based Lionstone Partners, Ltd., a leading national real estate investment firm operated as Lionstone Investments. Lionstone is a participant in a number of of major projects in Houston, including several with Midway Cos., including the GreenStreet mixed-used development in ... Read More »

Texas Investors Buy North Houston Apartments

HOUSTON – Trinity Casa Verde LLC purchased the Casa Verde Apartments, a 384-unit apartment complex in north Houston near Interstate 45, Airline Drive and Beltway 8. Trinity Private Equity Group of Southlake, Texas and TRI Consulting Group coordinated the acquisition of the two-story, garden-style apartment community. CBRE’s Clint Duncan and Matt Phillips arranged the sale on behalf of the seller, ... Read More »

Brookfield Agrees to Buy Office Complex in Downtown Houston for $875 Million

HOUSTON – Brookfield Asset Management has agreed to pay $875 million for the 4.2 million SF Houston Center office complex in downtown in one of the largest transactions ever for Houston. J.P. Morgan Asset Management, represented by HFF, elected to sell Houston Center as the Houston office market enters a new epoch that redefines Class A space in Houston. The ... Read More »

Houston Gains 53,500 New Jobs

HOUSTON – The Houston area economy added 53,500 new jobs over the last year, one of the strongest job growth reports since job growth tailed off in 2015, according to the Texas Workforce Commission. The report covered a 12-month period ending Aug. 31, 2017. The sectors accounting for the bulk of the gains: manufacturing, healthcare and employment services (temporary help ... Read More »

Hurricane Response: “Companies in Need” Can Find Short-Term Office Space Through HAR Website

HOUSTON – The Houston Association of Realtors and its Commercial Gateway division have joined forces with Xceligent to create an online “temporary space finder” for companies displaced by Hurricane Harvey. The short-term lease listings can be found on www.CommGate.com. HAR said the effort is focused on “identifying existing spaces where a landlord is willing to execute a short-term lease for ... Read More »

August Home Sales Off 25 Percent as Hurricane Harvey Hits Houston Housing Market

HOUSTON – (By Realty News Report) – Houston home sales declined 25 percent in August as Hurricane Harvey knocked out hundreds of deals at the end of the month. The Houston Association of Realtors reported 5,917 single-family homes were sold in August, down from 7,927 homes sold in August 2016. “Home sales were humming throughout the first three weeks of ... Read More »

How Hurricane Harvey Immediately Transformed Houston’s Apartment Market: Q&A with Teresa Guidotti Lowery of Colliers International

HOUSTON – Hurricane Harvey has upended Houston’s multifamily market. Just as the sector was recovering from years of overbuilding, the city incurred Harvey’s’ wrath. Harvey, which first made landfall in Texas as a Category 4 hurricane on Aug. 26 and then stalled over the Texas coast, broke all records to become the wettest tropical cyclone in the contiguous United States. Real estate research firm CoStar estimates that 
some 72,000 ... Read More »

Tilman Fertitta to Buy to Houston Rockets NBA Team

HOUSTON – Houston billionaire Tilman Fertitta, owner of the Landry’s restaurant chain and the Golden Nugget hotels and casinos, has agreed to but the Houston Rockets professional basketball team for $2.2 billion, the Houston Chronicle reports. Rockets owner Leslie Alexander announced several months ago that the NBA team was for sale. Fertitta, 60, is chairman of the Board of Regents ... Read More »

Back in Business: 77,500 Self Storage Units Reopened in Houston by Public Storage After Hurricane Harvey

HOUSTON – Public Storage announced Monday that all 115 of its self-storage properties previously closed due to severe weather conditions related to Hurricane Harvey have been reopened. The reopened properties cover 8.4 million SF and more than 77,500 storage units in the Houston and nearby  communities. In addition, Public Storage has opened its 116th facility in Houston, located at Highway ... Read More »

Eldridge Place Among the Energy Corridor Buildings Damaged by Harvey Flood Waters

HOUSTON – Office buildings in Energy Corridor district of west Houston have been facing high water in the aftermath Hurricane Harvey. Many streets in the Energy Corridor are flooded and evaluation of property damages  are not complete. Eldridge Place, a three-building, 825,000-SF office complex at the southwest corner of Memorial Drive and N. Eldridge Parkway in the Energy Corridor, has ... Read More »

Aramco Building on West Loop to Be Leased by Lee & Associates

HOUSTON – Lee & Associates – Houston, a nationwide leader in commercial real estate services,  has been selected by Aramco Services Company,the U.S- based subsidiary of Saudi Aramco, to be the exclusive leasing agent of 9009 West Loop South, a 419,260-SF near the Bellaire community. Lee & Associates – Houston’s Lee Jeane, director, and Chris Lewis, managing principal, will lead ... Read More »

Houston’s Bullet Train Station Should Be in Downtown, Not Northwest Mall – Commentary

HOUSTON – (Commentary by Ralph Bivins) Houston is about to make a huge mistake with the development of its high-speed train to north Texas. The proposed Texas Central 200 mph rail line that will run from Houston to Dallas has a lot of good things about it. The train will be good for transit, good for the economy and it ... Read More »

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