Friday , 29 August 2014
Breaking News

Category Archives: Houston

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 »

Major Commercial Project Coming to New Stretch of Grand Parkway; Transwestern to Lease 780,000-sf Project

HOUSTON – Construction has begun in Grandway West, one of the first major commercial developments on a new stretch of the Grand Parkway west of Houston in Katy, Texas. The site is just west of the Energy Corridor where many energy companies have offices. Grandway West will be a 56-acre corporate office development consisting of five buildings totaling 780,000 square ... Read More »

OmniNet Capital Buys Former Westwood Mall; Seeks Other Texas Properties

HOUSTON– Southwest Corporate Center, a 525,580-square-foot office complex that was once the Westwood regional mall, has been sold to Omninet Capital, a Los Angeles-based investment group that is seeking Texas investments. HFF marketed the property on behalf of seller, TX 9700 Bissonnet LLC.  Omninet Capital purchased the property for an undisclosed amount on an all cash basis and closed in ... Read More »

New $76 Million, 110,000-SF Greater Houston Partnership Building is Underway

HOUSTON – The Greater Houston Partnership has announced plans for a new $76 million 110,000-square-foot headquarters office building and parking garage adjacent to the city’s convention center. The Partnership will occupy the top two floors of the downtown facility, which will be built on a parcel bounded by Rusk, Capitol, Avenida De Las Americas and U.S. 59. The project’s 1,900-space ... Read More »

Phillips Edison Purchases Retail Center in NW Houston

HOUSTON – Phillips Edison and Co., which specializes in grocery-anchored centers, purchased Spring Cypress Village, a 101,371-square-foot, grocery-anchored retail center in northwest Houston. HFF marketed the property on behalf of the seller, Delaware Life Insurance Company, formerly known as Sun Life Assurance Company of Canada (U.S.), through its advisor, Guggenheim Partners. . Spring Cypress Village is situated on 15.69 acres at ... Read More »

RNR Apartment Briefs

Compiled by HOUSTON – Stanmore Partners, a real estate development and investment firm based in Houston, Texas has broken ground on a 264-unit multifamily development in Kingwood,  a suburb on Houston’s northeast side. Ravella at Kingwood Apartment Homes, located at 25710 Loop 494 (at Northpark Drive), will be a two and three story Class-A multifamily rental community situated within ... Read More »

Colliers: Houston Retail Vacancy at All-Time Low

HOUSTON – Houston’s retail vacancy hit a record low in the second quarter, according to Colliers International. Vacancy was 6.3 percent in the second quarter, down from 6.8 percent a year earlier. Houston’s retail market posted 1.2 million SF of positive net absorption in the second quarter. Some of the tenants who opened new locations during the quarter include Whole ... Read More »

$200 Million Dirt? — Exxon Mobil Selling Off Premier Infill Site in Houston with JLL

HOUSTON – One of the finest infill development sites in Houston – an Exxon Mobil research campus between the Galleria and downtown – is going on the market. The Real Estate Alert newsletter said the parcel – almost 17 acres along Buffalo Speedway – could bring as much as $200 million, a phenomenal price that would set a new standard ... Read More »

Scroll To Top