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Category Archives: Houston

Younan Sells Westchase Office Building to Fuller/Harbert

HOUSTON  – Younan Properties has sold 9801 Westheimer, a 211,125-sf, Class A office building in Houston’s Westchase submarket. The buyer was Fuller Realty Partners LLC and Harbert US Real Estate Fund V. 9801 Westheimer is located on the south side of Westheimer Road between Gessner and Elmside Drive close to the Sam Houston Tollway. The 11-story property is 86 percent ... Read More »

Houston Home Building to Churn Until 2018

HOUSTON – Houston has more new home construction than any other city in the nation and the building boom is going to get even more intense in the next few years, before some softness occurs in 2018, a national housing consultant predicts. “Construction is growing much faster here than anywhere else and the economy is much stronger than anywhere else,” ... Read More »

Former Compaq Office Buildings Sold

HOUSTON – A large group of buildings that were once part of the Compaq Computer headquarters campus in northwest Houston have been sold. In the 1990s, Compaq was the world’s largest supplier of personal computers, before it was surpassed by Dell in 2001. Compaq was sold to Hewlett Packard in 2002 for $25 billion and its excess office space was ... Read More »

Piedmont REIT Breaks Ground on Energy Corridor Office Project

HOUSTON – Piedmont Office Realty Trust will break ground this week on Enclave Place, a 300,000-sf, 11-story office building in the Energy Corridor of west Houston. The office market in the Energy Corridor is exceptionally strong. Class A office space has been hovering around 99 percent occupancy for some time. The Piedmont building will be constructed on a 4.7-acre development ... Read More »

Pearland Apartments Sold

HOUSTON – Inland Real Estate Acquisitions purchased Retreat at Shadow Creek Ranch in Pearland, Texas. The newly constructed, 370-unit apartment complex is located at 2500 Business Center Drive and is adjacent to Shadow Creek Ranch, a master-planned community. Ryan Epstein of CBRE in Houston represented the seller, McCann Realty Partners, in the transaction. Since its completion, the Class A complex ... Read More »

PM Realty Buys Property Near its New High-Rise Near Greenway

HOUSTON – PM Realty Group purchased 2900 Weslayan, a 136,698-sf office building and 20-lane motor bank in Houston’s Greenway Plaza/Galleria submarket. The building is adjacent to a high-rise residential tower PM Realty is developing at 2929 Weslayan. Sitting on a 2.8-acre site, 2900 Weslayan is bounded by Alabama, Weslayan and Essex Streets. 2900 Weslayan is 73 percent leased to tenants ... Read More »

Airtex Distribution Center planned for North Houston

HOUSTON — International Airport Centers, an Illinois-based firm expanding into Houston, is developing the Airtex Distribution Center, a 225,360-sf warehouse property located at 300 West Airtex Boulevard in North Houston, near Interstate 45. Tom Lynch and John Fenoglio with CBRE Houston arranged the financing for the project, which is on a 14-acre site. The Airtex Distribution Center is scheduled for ... Read More »

GreenStreet: New Hotel to be Developed in Downtown Houston

HOUSTON – A new upscale hotel, developed in partnership with the Valencia Group, will be built to create new momentum at the GreenStreet mixed-use development in downtown Houston, according the project’s new owners, Midway Cos. and an investment group led by basketball legend Magic Johnson. GreenStreet, a 570,000-sf project covering four blocks east of Main Street, was formerly the Houston ... Read More »

Texas Realty Alert: HAR Becoming a Statewide Website for Home Listings

HOUSTON – HAR.com, founded by the Houston Association of Realtors almost 20 years ago, will begin carrying listings of homes for sale across Texas. HAR has signed an agreement with List-Hub to make the Texas listings available in a beta version later this month. The statewide version of the website reportedly will be operating with the “Homes And Realtors” marketing ... Read More »

Houston’s Home Sales in 2014 Will Surpass Record-Setting Annual Sales of 2013

COMMENTARY - Houston home sales hit an annual record in 2013 with 73,232 sales. RealtyNewsReport predicts annual home sales in 2014 will surpass the 2013 total. Houston’s home sales in 2014 will set a new annual sales record. Those who are predicting a slow down are wrong. Job growth, corporate relocation and population growth are exceptionally strong in Houston. Housing supply ... Read More »

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