Saturday , 1 August 2015
Breaking News

Category Archives: Houston

California Firm Buys Houston Multifamily Project

HOUSTON – Santa Rosa, Calif.-based based Praxis Residential, Inc. acquired the 276-unit Carriage Place Apartments in northern Houston. “This is a true value-add play, ideal for repositioning it to be more in line with the surrounding Class A and B complexes,” says Brian Burke, President of Praxis Residential. The property is located near Interstate 45 and FM 1960. Situated on ... Read More »

MOD Pizza Opening 30 Locations in Houston

HOUSTON – MOD Pizza has leased five retail locations in Houston and it plans to open 30 locations in Texas within the next four to five years, according to the Transwestern real estate firm. Transwestern’s Grant Walker, vice president, and Chris Reyes, broker associate, who serve as exclusive advisors for MOD Pizza in the Houston market, represented the retailer in ... Read More »

CBRE: Retail Activity Surges in Houston Suburbs

HOUSTON – Retail sales are up sharply in the suburbs of Houston, where a number of new retail centers are being planned, reports the CBRE Research. Five years of explosive population growth continues to drive consumer spending in the Houston region in both the dense urban core and rapidly expanding suburban counties. CBRE Research reported retail sales tax revenues climbed as ... Read More »

Office Tenants Getting Free Rent in Houston

HOUSTON – Landlords are offering free rent in many office leases in Houston, where a contraction in the energy industry has created softness in the office market, although other sectors of Houston commercial real estate are surging, according to CBRE. Companies signing leases for Houston office space in Houston in 2015 are often receiving six to 12 months of free ... Read More »

Houston Added 57,000 New Jobs in Last 12 Months

HOUSTON – Houston has gained 57,000 new jobs over the last 12 months, including 4,300 new jobs in June, the Texas Workforce Commission reported. Although Houston has lost jobs in the manufacturing sector, the overall unemployment rate is low. The unemployment rate stood at 4.3 percent in June, an improvement from 5.3 percent a year earlier. Houston gained over 100,000 ... Read More »

Historic Stowers Furniture Building in Downtown Houston Being Redeveloped into Aloft Hotel

HOUSTON – The historic Stowers Furniture building in downtown Houston is being redeveloped into a 173-room Aloft hotel. Built in 1913, the 10-story Stowers building is located at 820 Fannin at Walker Street adjacent to the BG Group Place tower. Construction is underway and the Aloft hotel, part of the Starwood Hotels chain, will open next summer, said Houston developer ... Read More »

Chinese Investors Buy Apartment Project Near Houston’s Galleria

HOUSTON – Strategic Capital of China has entered the Texas market with the purchase of the 372-unit Broadstone Post Oak apartments near the Galleria in Houston. “We are extremely pleased to mark our entry into the Texas market through this milestone transaction,” said Ning Yuan, Chairman and President of Strategic Capital and China Construction America. CBRE’s Ryan Epstein, Clint Duncan ... Read More »

Packers Plus Starts New Campus in Houston’s Tomball Area

Houston – A Canadian oilfield services company, undeterred by falling oil prices, has acquired 17 acres in the Tomball area of Houston where it will build a new manufacturing and R&D campus. Packers Plus Energy Services is building a 50,000 square-foot research and development center, a 237,000 square-foot manufacturing building and a 40,000 square-foot office building in the Tomball Business and Technology ... Read More »

The Texas Real Estate Market Has Not Withered Away

A word on the Lone Star State: The Texas real estate market has not withered away following the remarkable decline in oil prices over the last year. A significant number of new developments are underway in Texas: a $1 billion 750,000 square-foot Facebook data center is under construction in Fort Worth; a 4 million square-foot Daikin HVAC manufacturing plant being ... Read More »

ATCAP Buys Warehouse Adjacent to Budweiser Plant in East Houston

HOUSTON – ATCAP Partners, a Dallas-based firm, has acquired a 120,810-square-foot industrial facility in east Houston at 8451 Market Street. Holliday Fenoglio Fowler, L.P marketed the property on behalf of the seller, Mayfield Properties, LP. ATCAP Partners purchased the building for an undisclosed amount all cash and was assisted by HFF in arranging acquisition financing.  HFF was also involved in ... Read More »

Q&A: Third Palm Capital’s Exclusive Interview with Realty News Report

MIAMI – Third Palm Capital is undertaking a billion-dollar mixed-use development in Houston’s Energy Corridor in one of the nation’s strongest growth regions. The Texas Triangle – a heavily populated swath of Texas bounded by Dallas, San Antonio and Houston – holds a great allure for long-term development possibilties, said developer Cameron Graham, executive vice president of Third Palm. Graham, ... Read More »

Kinghorn Driver Takes Galleria Area Space

HOUSTON – Q10 Kinghorn, Driver, Hough & Co. , one of the oldest commercial real estate firms in Texas, has relocated its offices to the 2000 West Loop South building in the Galleria area. “The Galleria remains a high-demand market and this building has a lot to offer at a reasonable rate,” said Ray Driver, a principal with the firm. “The ... Read More »

Scroll To Top