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Category Archives: Houston

Empyrean Leases 108,000 SF for HQ in Westchase

HOUSTON – (Realty News Report) – Empyrean Benefit Solutions renewed a 108,000 SF lease for its headquarters in the nine-story Pinnacle Westchase building at 3010 Briarpark Drive near Beltway 8 in Houston. Newmark Knight Frank (NKF) Director David Husid represented the tenant in the lease transaction, one of the largest deals in the Westchase submarket this year. In 2017, NKF ... Read More »

New Office Development Breaks Ground in Katy – Spec Project to Rise West of Houston

HOUSTON – (Realty News Report) – Freeway Properties has broken ground on a 150,920 SF office building along Interstate 10 near the Grand Parkway, in the Katy area west of Houston. The building, which is the second phase of Freeway Properties’  Katy Ranch Offices development, is slated for completion in the summer of 2020. Avison Young principals Sam Hansen and ... Read More »

Prime West Loop Parcel Ignites a City Hall War

A fiery 5-hour City Hall melee. Affluent Bellaire residents dressed in sloganized T-shirt uniforms. Distrust. Anger. Accusations. At stake: 30 acres of prime property on the West Loop. In the open market, the land would be appropriate for a mixed-use project that could rival Gerald Hines’ Galleria, which is just a mile or two away, Acquired last year by SLS ... Read More »

Inside the Shell of an Old Sears Store, Innovation Springs Forth in Midtown

HOUSTON – (By Ralph Bivins of Realty News Report) – A hub of innovators. Brilliant tech people work there. Venture capitalists roam the halls. Entrepreneurship drips from the ceiling. In a modern looking cafe, an egghead from Stanford and a nerd from MIT are huddled together over cups of bitter coffee. And you’re pretty sure that by the time they ... Read More »

Oil and Office Towers: What Will It Take For Houston’s Office Market to Fully Recover?

HOUSTON – (By Kyle Hagerty for Realty News Report) – Houston’s office sector, which in recent years has been struggling to fill space thanks to a decline in oil prices, is well on the road to recovery thanks to drillers finally increasing production as the price per barrel creeps upward. For Houston to say it’s fully recovered, offshore operations, which ... Read More »

Backfill Bonanza: Retailers Making Moves on Second Generation Space

HOUSTON – (By Dale King, Realty News Report) – Normally, there’s very little good to say about a store – or, worse, a chain of them – going out of business. Too many “Store Closing” signs are seen these days at malls and strip plazas, the result of outmoded marketing concepts, internal and/or external financial woes or, mainly, the growing ... Read More »

Austin Investor Buys Hogg Palace Lofts in Downtown Houston

HOUSTON – (Realty News Report) – Kline Properties, an Austin real estate group, has acquired the historic Hogg Palace Lofts, an eight-story mixed-use building located at 401 Louisiana Street in downtown Houston. JLL’s Chip Nash and Bob Heard and Houston Income Properties’ Jim Hurd and Bishale Patel represented the seller, Randall Davis Company. Constructed in 1921, Hogg Palace now stands ... Read More »

NAI Partners Moving HQ Office to Four Oaks Place

HOUSTON – (Realty News Report) – NAI Partners is relocating its headquarters to Four Oaks Place, where the Houston-based commercial real estate firm has leased 20,000 SF (a full floor) at 1360 Post Oak Boulevard in Uptown Houston. The move represents a 6,000 SF expansion from its office at 1900 West Loop South. NAI Partners’ Dan Boyles, head of the ... Read More »

WeWork Leases 56,000 SF in Hines Tower for a Coworking Facility in Downtown Houston

HOUSTON – (Realty News Report) – WeWork has leased space in Hines’ 609 Main at Texas building for its second coworking location in downtown Houston. WeWork leased 56,000 SF at 609 Main at Texas — a 48-story, 1.1 million-SF office tower completed by Hines in 2017. WeWork will occupy the building’s 25th and 26th floors. Hines was represented by Michael ... Read More »

Denver Firm Buys Office Building for $27.4 Million

SUGAR LAND – (Realty News Report) – Northstar Commercial Partners, a Denver-based investment firm, acquired the  77 Sugar Creek Center Boulevard, a 143,000 SF  office building located in Sugar Land, for $27.4 million. Sugar Creek building, formerly called Two Sugar Creek, houses a diverse tenancy of mid-sized offices, with over 35 tenants and is 94 percent leased. Velocis was the ... Read More »

Texas Real Estate Briefs – From Realty News Report

Houston real estate briefs Allied Industrial Sales leased 42,842 SF at 3003 Highway 225 in Pasadena.  The tenant was represented by John Luck and Griffin Rich of Newmark Knight Frank in the transaction with the landlord, LIT Industrial Limited Partnership. …………………………………………….  Fluid Flow Products has signed a lease for 26,520 SF of office warehouse space in Sterling Industrial Park at 186 White ... Read More »

Hines Launches Coworking Initiative

HOUSTON – (Realty News Report) – Hines is launching a coworking initiative, called Hines²  (Hines Squared) to meet the demand for flexible office space. The coworking service will be introduced at the 33-story 717 Texas building in downtown Houston and the 167,000-SF Kearns Building in Salt Lake City. Hines said the program will be rolled out in Atlanta, Boston, Denver, ... Read More »

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