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Category Archives: Houston

Seven Things to be Thankful For in Texas Real Estate

  HOUSTON – West Texas Intermediate crude dipped below $40 a barrel for a few days in 2015, punctuating a brutal assault on the Texas economy. It was long fall from $107 a barrel in the summer of 2014. Thousands of Texans were laid off in 2015. Millions of square feet of office space were dumped onto the sublease market ... Read More »

Thank You From Realty News Report – and Happy Thanksgiving

Realty News Report extends a word of thanks to our many readers, friends and supporters at this Thanksgiving holiday. This has been a great year for Realty News Report. We’re thankful for our many new readers and sponsors – and also for those who have been with us for a while. We’ve received a lot positive feedback on our e-newsletter ... Read More »

Champions Pipe Leases Office Space in Greenspoint

HOUSTON – Champions Pipe & Supply has leased space at 4 Greenspoint Place, a Hines office property, according to Colvill Office Properties. 4 Greenspoint Place, a 403,384-square-foot Class A office building, is located in the 36-acre Greenspoint Place mixed-use office/retail development at 16925 Northchase Drive. The buildings at Greenspoint Place, originally developed by Friendswood Development, were completed between 1978 and ... Read More »

Larry Johnson Firm Buys 600 Acres in Richmond, Texas for Master Planned Community

RICHMOND, Texas – Johnson Development Corp. has acquired a 590-acre tract in Richmond, southwest of Houston, for a master planned community with 2,500 homes. The site is north of U.S. Highway 59 near the Sweetgrass active-adult community being developed by Del Webb. Johnson said development activity is expected to begin by mid-2016 with construction of new homes projected for early-2017. ... Read More »

Skanska Starts 81,000 SF Building on Aggie Campus

COLLEGE STATION, Texas – Skanska USA has been awarded a $21 million contract with Texas A&M University to oversee the construction of the Agriculture & Life Science Building 4. The project broke ground last week and it will be completed in February 2017. The new five-story, 80,000 square-foot building will house the university’s Department of Wildlife and Fisheries Sciences. The first ... Read More »

Is it Time to Buy Houston on the Dip? The Q&A with Andrew Segal, chairman of Boxer Property

Buy low and sell high is the mantra of many a real estate entrepreneur and no more than with Andrew Segal, chairman and CEO of Houston-based Boxer Property. Founded in 1992, privately owned Boxer has purchased more than 18 million square feet of real estate around the nation, realized over 100% return on properties sold and closed more than 100 ... Read More »

University of Texas Just Lit the Fuse for Growth Explosion One Mile South of Loop 610 in South Houston

HOUSTON – The University of Texas, in a transformative deal, is acquiring 332 acres about one mile south of Loop 610 for a major campus with dozens of new buildings – more than 1 million square feet, perhaps much more. “This will be a game changer in a very positive way for Houston, for the UT System and the entire ... Read More »

Houston Home Builder Buys Vacation-Home Unit from Trendmaker

HOUSTON – Houston-based Partners In Building, continuing an expansion of the firm, has purchased Texas Casual Cottages, a division of Trendmaker Homes, which specializes in building secondary and vacation homes on customers’ land in the Brazos River Valley and Texas Hill Country. Earlier this year, Partners in Building, a Houston-based builder, expanded into San Antonio and Nashville. As part of ... Read More »

Bracewell & Giuliani Re-Ups at Pennzoil Place

HOUSTON – The Bracewell & Giuliani law firm has signed a 189,061-square-foot long-term lease renewal at Pennzoil Place, the twin trapezoidal towers that are considered the some of the most architecturally significant office buildings in downtown Houston, and in the entire state of Texas. Developed by Hines Interest some 40 years ago, Pennzoil Place was dubbed the Building of the ... Read More »

Q & A with Howard Rambin: Lull in the Houston Market Won’t Sink to 1980s Bust Level

HOUSTON – J. Howard Rambin III has been involved in the Houston real estate market for 46 years. He co-founded Moody Rambin in 1969 and remains a principal of the firm to this day. In his time, Rambin has developed, owned, operated and sold 25 suburban office buildings along with several apartment complexes, motels and retail centers. He acknowledges that ... Read More »

Hal Holliday: Houston Multifamily Not Overbuilt Despite Oil Crash

HOUSTON – The slowdown in the energy industry and Houston’s job growth has not torpedoed the Houston apartment industry, says Hal Holliday, a veteran of the commercial real estate industry. Holliday entered the commercial mortgage banking in 1971 and he was co-founder of the firm that bears his name, Holliday Fenoglio Fowler, although he is no longer with the company. ... Read More »

Apache Signs 524,000 SF Lease in Post Oak Central; Timetable for New Office Project Pushed Back

HOUSTON – Apache Corp. signed a one-year 524,000 square foot lease extension with Apache Corporation at the Post Oak Central in the Uptown Houston area. The lease extension indicates that Apache is not fast-tracking its plan to construct a new office tower on Post Oak Blvd. In 2012, Apache bought 6 acres on Post Oak, just south of San Felipe ... Read More »

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