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Category Archives: Houston

Mariak Bringing Blinds and Shades Business to Ellington Warehouse

HOUSTON – Los Angeles-based Mariak, a leading manufacturer of custom window coverings, blinds and shades, has leased 104,000 square feet of industrial space in Ellington Trade Center on the southeast side of Houston. Industrial space on the east and southeast side of Houston has been in high demand as companies seek locations in the Port of Houston. “Mariak will be ... Read More »

Houston Chronicle’s Demolition to Clear Way for Hines’ Next Addition to Houston Skyline

HOUSTON – Hines, one of the world’s most successful skyscraper developers, is expected to acquire the Houston Chronicle’s downtown property later this year and demolish the newspaper building. But with the Houston office market headed for the doldrums it will be years before the Chronicle site, 801 Texas Avenue, will have a new skyscraper on it.  A groundbreaking in 2018, ... Read More »

Colliers: $3 Billion in Medical Development Underway in Houston

HOUSTON – Health care construction is surging in Houston. Some $3 billion is being spent to expand and construct hospitals, medical office buildings and specialized medical facilities throughout the Houston area, according to Colliers International. Almost 800,000 square feet of medical space is under construction. “Positive changes in the industry due to the Affordable Care Act, and the continued increase ... Read More »

White Oak Music Hall: Creating an Entertainment District?

HOUSTON – White Oak Music Hall, an a new entertainment complex, will anchor the emerging entertainment and commercial area that is just east of the Heights along the North Main light rail in Houston. White Oak Music Hall will have 2-story amphitheater, a restaurant and a 20,000 square foot outdoor grass viewing area with the ability to host over 2,500 attendees. Ryan ... Read More »

ULI Houston: How Realty Will Fare in Energy Downturn

HOUSTON – Falling oil prices are squeezing the real estate markets in Houston, although some sectors are performing well in spite of the downturn, according to panelists at the Urban Land Institute luncheon Tuesday. The roughest spot: the Houston office market, particularly the Energy Corridor, where new buildings are being completed as energy companies trim their workforces. The brightest spot: ... Read More »

Taylor Morrison Developing 55+ Community West of Houston

HOUSTON – Taylor Morrison, a Scottsdale, Ariz.-based homebuilder, is expanding its 55 and up active adult presence in the Houston area with the the development on a Bonterra active lifestyle community in Cross Creek Ranch on Houston’s west side. The 228-acre community will have 700 homes, prices from $250,000 to $450,000, in a gated neighborhood. Last year Taylor Morrison opened ... Read More »

Transwestern: Multifamily Strong in Spring Branch Submarket

HOUSTON – Transwestern’s Houston Multifamily Investment Services Group completed the sale of a two-property multifamily portfolio totaling 117 units in Spring Branch. Transwestern Managing Director Ed Cummins and Senior Associate Ryan Mendez represented the seller, OSD Ltd. “Demand for well-located assets in the Spring Branch submarket remains high,” said Mendez. “Our team has completed three sales within the area in ... Read More »

Skanska Pours Foundation for Future 35-Story Tower in Downtown Houston

HOUSTON – Skanska USA says it’s just planning ahead. But over the weekend, the firm was preparing for the future in a very tangible way – by pouring 9,300 cubic yards of concrete for the foundation of its proposed Capitol Tower in downtown Houston. Someday, the foundation will be used by Skanska for a 35-story, 750,000-square-foot office tower at 800 ... Read More »

Lovett Redeveloping “One of the Most Important Tracts in the City of Houston”

HOUSTON – Lovett Commercial, a Houston firm led by veteran developer Frank Liu, has acquired the downtown U.S. Post Office property, a key 16-acre redevelopment site overlooking Buffalo Bayou. Lovett is expected to develop a mixed-use project with retail, residential and office on the Post Office site, 401 Franklin Street. The Post Office redevelopment is the most important project ever ... Read More »

Retail Centers are White Hot Investments as Occupancy Hits 10-Year High

HOUSTON – Prices for Houston retail properties jumped sharply in the last 12 months  – more than 20 percent in some cases, reports Deal Sikes & Associates, a Houston-based real estate valuation firm. “Even though Houston has been one of the nation’s leaders in population growth for some time, the pace of shopping center construction has been very modest in ... Read More »

Sims Building Residential Tower Designed by PJAR Architects

HOUSTON – Sims Luxury Builders is developing a Aurora, a 16-story residential high-rise designed by Philip Johnson/Alan Ritchie Architects. The 40-unit project, with homes priced at $2 million and up will be located at 4906 Tilbury Drive in the Hidden Oaks neighborhood of Houston, near Uptown Park and the Galleria. The Aurora’s classic modernist architecture is by Philip Johnson/Alan Ritchie ... Read More »

Bulletproof: Houston No. 1 in Housing Starts, Despite Oil Bust

HOUSTON –  The list of woes is long in the oil patch. The rig count is way down and layoffs in the oil business have been staggering. West Texas Intermediate crude closed below $43 a barrel Friday after being over $107 in the summer of 2014. And it looks like oil prices will be down for a long time. But ... Read More »

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