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Category Archives: Houston

Major Upgrade Complete at 1415 Louisiana Building

HOUSTON – The WEDGE Group completed a $10-million capital improvement effort at 1415 Louisiana, a 43-story Class A office tower in Houston’s Central Business District. Improvements were completed to the lobby, elevator cabs and tunnel space. The tower’s new lobby displays a 16’ x 22’ custom glass wall designed by renowned architectural glass artist, Paul Housberg. Built in 1983 and ... Read More »

The Long and Winding Road to Growth: Houston’s Grand Parkway

(By Dale King) HOUSTON – There’s good news and not-so-good news to report about Greater Houston’s “Grand Parkway” road project. The good news is that the 180-mile highway which will eventually encircle Houston and its environs will provide “improved access and greater demand for office space” in various submarkets. It will also “help suburban commuters get around Houston easier and ... Read More »

How to Elevate Houston’s Downtown, Midtown and EaDo

(Editor’s Comment) – Realty News Report urges Houston Mayor Sylvester Turner  to support a plan to demolish the Pierce Elevated, a barrier that has discouraged growth from spreading from Downtown to Midtown. Keeping the Pierce Elevated intact with a contrived plan to transform this ugly freeway into an elevated park are well-intentioned, but a misguided misfit for the climate of Houston ... Read More »

How to Transform Houston – Mayor Turner Tells It All To ULI

HOUSTON – City officials are participating in discussions of a transformative proposal to re-work the freeways in downtown Houston, Mayor Sylvester Turner said Thursday in an appearance before the Urban Land Institute organization. The freeway changes could result in the destruction of the Pierce Elevated freeway, a much-maligned and ugly barrier between Downtown and Midtown Houston. “The Pierce Elevated will ... Read More »

The Heights: Historic Rooftops Attracting Retail

THE HEIGHTS, Texas – The sale of a 20,500 square foot warehouse building at the southwest corner of N. Shepherd and W. 18th — expected to be transformed into retail — is the latest in a series of adaptive reuse developments in the Houston’s trendy Heights, which lies just northwest of downtown. “The sale says what by now everyone knows – ... Read More »

Outer Space: Industry Property Sold Near Future Space Travel Hub

HOUSTON – Ellington Trade Center, a large Houston industrial project poised to benefit from future space travel, across the street from Ellington Field in southeast Houston, has been sold to Lincoln Property Co., through its investment advisory affiliate, Lincoln Advisory Group. The property is located across the street from Ellington Field airport which was recently approved by the Federal Aviation ... Read More »

Pasadena, Texas – Shopping Center Deals on Houston’s East Side

PASADENA, Texas – Colliers International announced John O. Harris Ventures, LP has sold the Fairmont Central Shopping Center  located at 4118 Fairmont Parkway in the Pasadena community, on the east side of Houston. The buyer was Fairmont Central LLC. Marshall Clinkscales of Colliers International, who brokered the deal, said in a recent interview job growth on the east side of ... Read More »

Texas’ Biggest Landlord? – $4 Billion Deal Creates Nation’s Largest Apartment REIT

  Mid-America Apartment Communities is acquiring Post Properties, creating the nation’s biggest apartment REIT and it will have significant multifamily holdings in Texas and other Sunbelt markets. The $3.9 billion deal will create a multifamily REIT with about 105,000 multifamily units in 317 complexes in Atlanta, Dallas, Austin, Charlotte, Raleigh, Orlando, Tampa, Fort Worth, Houston and Washington, DC. Memphis-based Mid-America Apartment ... Read More »

Ahead in the Standings: Finger’s New Multifamily Community Off to a Good Start Near Astros Field

HOUSTON – The Finger Companies, a pioneer in Houston’s downtown multifamily construction trend, is off to a good start in the lease-up of its new 500 Crawford apartment community, which is across the street from the Houston Astros stadium. The first move-ins started this spring, and Finger reports the 500 Crawford property is currently about 40 percent leased. The 400-unit ... Read More »

Is Houston Heading for a Record Year in Home Sales?

HOUSTON — The Houston residential real estate market, defying the weak job growth in the local economy, is outpacing the sales pace of 2015. Although sales were off in July, on a year-to-date basis, home sales are still up about one percent compared to this point in 2015, according to the Houston Association of Realtors. According to the latest monthly ... Read More »

Three Deals Closed in Houston’s Hot B&C Multifamily Market

HOUSTON – Transwestern’s Houston Multifamily Investment Services Group, demonstrating a trend for Houston’s hot market for Class B and C units, has completed the sale of three apartment properties totaling 786 units. “Demand for Class B and C apartment assets remains vibrant in the Houston market,” said Transwestern Managing Director Ed Cummins. “These deals represented a blend of local and ... Read More »

Hines Signs Another Tenant in New Houston CBD Tower

HOUSTON – Orrick, Herrington & Sutcliffe LLP, the international law firm, has signed a 12-year, 56,731-SF  lease at 609 Main at Texas, the new downtown office tower developed by Hines. The building, one of the biggest spec buildings under construction in the U.S., is now 50 percent leased with construction due to be completed in early 2017. The firm was represented ... Read More »

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