Wednesday , 22 October 2014
Breaking News

Category Archives: Houston

Shorenstein Selling Five Post Oak Park for Anticipated $185 Million

HOUSTON – Shorenstein Properties is selling the 28-story Five Post Oak Park, an Inner Loop Houston office building that is expected to fetch $185 million, or $326 per square foot. The Real Estate Alert newsletter reported that the deal is considered a “value add” play because the building’s anchor tenant Amergy Bank is expected to relocate in 2016. Amegy is ... Read More »

Houston Ranked No. 1; Austin 2nd in ULI Emerging Trends 2015 Realty Forecast

NEW YORK – Investors selected Houston as the top city for commercial real estate investment in 2015, while two other Texas markets – Austin and Dallas/Fort Worth are in the top five in the annual Emerging Trends in Real Estate forecast by PwC US and the Urban Land Institute (ULI). In 2015, investors will be looking beyond the traditional “core” ... Read More »

Sunday A.M. Implosion Clears Way for 750,000 SF Office Tower

HOUSTON – Downtown’s old Houston Club Building was imploded Sunday, clearing the way for Skanska to develop the 35-story Capitol Tower in downtown Skanska, which has several office projects under way in Houston, is developing a 750,000-SF office tower to be built at 808 Capitol Street in block bounded by Rusk, Milam and Travis streets. In order to meet the ... Read More »

Memorial Hermann Spending $533 Million to Build 1 Million SF in Houston’s Texas Medical Center

HOUSTON — Memorial Hermann Healthcare System is launching a $533 million expansion that will add a major hospital tower and 160 additional hospital beds to its facility in the Texas Medical Center campus in the Inner Loop of Houston. The master plan project includes construction of the Hermann Pavilion 2, a 17-story hospital that will provide the Texas Medical Center ... Read More »

Hotel Under Construction in Hughes Landing in The Woodlands

THE WOODLANDS, Texas – The Woodlands Development Co. has begun construction on a 205-key Embassy Suites Hotel at Hughes Landing, a 66-acre mixed-use development in The Woodlands north of Houston Hughes Landing is a waterfront development with retailers, dining, entertainment, multifamily residences and several new Class A office space. The first multifamily development in Hughes Landing, One Lake’s Edge, will feature 390 luxury ... Read More »

The ‘Second Energy Corridor’ – CBRE Re-drawing Its Maps to Account for Massive Growth in North Houston

HOUSTON – CBRE, one of the world’s largest commercial real estate firms, is re-drawing its research maps to account for Houston’s “Second Energy Corridor.” The Second Energy Corridor is developing on the north side of Houston where Exxon Mobil is constructing 20 buildings totaling 3 million sf. Exxon Mobil’s campus, which already has a few buildings operating, is believed to ... Read More »

The Biggest Spec Building in America Drawing Tenant Interest

HOUSTON – The biggest spec office tower in the nation, under construction by Hines on Main Street in downtown Houston, is attracting interest from corporations that are interested in leasing space there, as expected. “We are in advanced discussions with several large tenants,” said Hines spokesman Mark Clegg. But at this point no leases have been signed. The foundation of ... Read More »

Colliers: Houston Office Market Posting Phenomenal Stats

HOUSTON – Houston’s office market continues on a winning streak with a 2014 performance that’s equivalent to winning both the World Series and the Super Bowl in the same year. Rental rates for Houston office space rose 5.1 percent over the last year, according to a third quarter report by Colliers International. The citywide average rental rate stood at $26.94 ... Read More »

Two New Office Towers and a Residential High-Rise Tower Coming to CityCentre in West Houston, Midway Says

HOUSTON – Midway Cos. has announced plans for two additional office buildings and a high-rise residential tower as an extension of their CityCentre project. Midway bought 6.4 acres, giving the CityCentre mixed-use development frontage on the Katy Freeway, which is also known as Interstate 10. Houston-based Midway will construct two 16-story office buildings with a total of 740,000 square feet ... Read More »

Hines Starts 130-acre Residential Project New New Exxon Mobil Campus

HOUSTON –  Hines – the Houston-based developer that has created 37,000 residential lots encompassing 12,000 acres over the past four decades – is starting a relatively small project near the new Exxon Mobil campus north of Houston. The latest addition to the Hines residential portfolio is Laurel Park North, a 130-acre project on the east side of David Wayne Hooks ... Read More »

Scroll To Top