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Category Archives: Houston

Houston’s 800,000 SF Brookhollow Complex Refinanced

HOUSTON – Holliday Fenoglio Fowler (HFF) has arranged a $64.2 million refinancing for Brookhollow Central I, II and III, a three-building office complex totaling 806,541 square feet in Houston. Working on behalf of Parmenter, HFF placed the loan with MetLife Real Estate Investors.  The loan is interest-only for the full term and was used to refinance the existing debt and ... Read More »

CBRE: Transportation is Challenge for Future Growth of Texas Triangle Markets

HOUSTON – The Texas Department of Transportation has announced a $1.3 billion plan to relieve traffic congestion in the metropolitan areas of Texas. Texas Triangle – outlined by the Dallas/Fort Worth, Austin, San Antonio and Houston MSA – has 97 percent of the state’s most congested roads, according to a report from CBRE Research. CBRE Research reported: “Houston will receive ... Read More »

Colliers: Houston’s Retail and Industrial Markets are Good; Other Sectors, Not So Much

HOUSTON – Houston has an oversupply of office space, hotels and apartments, but the market looks good for shopping centers and industrial buildings, says Pat Duffy, president of Colliers International’s Houston office. However, some of Colliers’ year-end research is startling. Consider: only 125 apartment units were absorbed in the fourth quarter of 2015, while some 29,000 units are under construction. ... Read More »

35-Story Apartment Tower Planned Next to Texas Medical Center

HOUSTON – A joint venture of Greystar and Medistar Corp. have announced plans to develop Ascent Med Center, a 35-story apartment project on the western edge of the Texas Medical Center in Houston. Groundbreaking for the 375-unit project will be in the first quarter of 2016 with Hoar Construction as the general contractor. The project, located at the corner of ... Read More »

Occidental Petroleum to Move 100 Employees to Houston Following Sale of Oxy Tower in Dallas

DALLAS – Some 100 Occidental Petroleum employees will be relocated to Houston following the sale of the 570,000-square-foot  Occidental Tower on the LBJ Freeway in Dallas. With a sales price of $90 million, the 24-story building, located just west of the Dallas Galleria, was purchased by a partnership of Dallas-based Encore Enterprises and New York Life Insurance, according to the ... Read More »

Loomis Expands U.S. Headquarters in Houston’s Westchase District

HOUSTON – Loomis has extended and expanded its lease to 47,904 square feet in the 2500 CityWest Boulevard building in the Westchase District of Houston. Loomis, a Sweden-based armored-car and cash management services firm, previously leased 35,659 square feet in the building. JLL Houston President Dan Bellow negotiated the terms on behalf of the tenant. Win Haggard and Marilyn Guion with Colvill ... Read More »

KB Home Develops Infill Gated Community in Houston’s Spring Branch Area

HOUSTON — KB Home, one of the nation’s largest homebuilders, has opened of Hollister Commons, a gated new home community at 8904 Hollister Commons Lane  in Houston’s Spring Branch area, along the Katy Freeway. KB Home plans to construct 44 single-family homes at Hollister Commons, with four floor plans available that range in size from 1,663 to 2,080 square feet, and can be ... Read More »

Oil and Houston’s Office Market: Q & A with Bob Parsley of Colliers

For more than three decades, Bob Parsley has been involved in all phases of the commercial real estate business.  A native Houstonian, he has an undergraduate degree from the University of Virginia (College ’76) and the University of Texas Law School (JD ’79).  He joined Colliers in 1983 where he is currently the co-chairman and one of the company’s principal ... Read More »

Falling Prices Hurt Houston Home Sales, But 2015 was the Second-Best Year Ever

HOUSTON – Last year was second-best year for home sales Houston, where a decline in the energy industry has battered the region’s economy in recent months. According to the Houston Association of Realtors, 73,724 single-family homes were sold last year, down 2.4 percent from the 75,535 homes sold in 2014. Inventories had been tight and Houston’s job growth had been exceptionally ... Read More »

The Winners and Losers of Christmas Retailing 2015

(By Dale King) – HOUSTON — – During the 2015 holiday shopping season, a majority of bargain hunters braved crowds, parking woes, traffic jams and potentially foul weather to bring home the glistening gifts and much-wanted toys that delighted their kids and family members on Christmas morning. At the same time, many stayed home to tap-tap and click their orders into ... Read More »

The “F Word” Will Be Spoken in Houston in 2016

HOUSTON – The “F Word.” The word “foreclosure” will be heard by commercial real estate professionals in 2016. About a year ago, Houston was leading the nation in office building construction with some 17 million square feet underway and more projects proposed. Rental rates are going down and vacancies are going up. Sublease space is everywhere and more new buildings ... Read More »

Realty News Report Awards: Best Hotel Project of the Year

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015 Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the ... Read More »

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