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Category Archives: Houston

Motorcycle Retailer Leases Large Space

HOUSTON – (Realty News Report)  – NAI Partners recently arranged a 28,371-SF retail lease for Lucky Penny of Houston at 211 FM 1960 Road West in Houston. — Houston’s fifth-largest new retail lease of the fourth quarter of 2018, according to CoStar data. NAI Partners’ Laura Diggs represented the tenant in the transaction and NAI Partners’ Chris Holder represented the ... Read More »

Avison Young: Smooth Sailing Ahead for Houston

HOUSTON – (Realty News Report) – The consensus among local real estate pros is 2019 will be a good year for real estate in Houston. And it’s a plausible narrative. For one thing, job growth has been excellent. Some 114,400 new jobs were created in the 12 months ending in November.  The nattering nabobs of negativism say the   impressive job ... Read More »

NAI Partners Expands to Florida

HOUSTON – (Realty News Report) – Agellan Management Limited Partnership selected NAI Partners’ Landlord Services Division to be the exclusive managing agent for its Tampa and Sarasota, Fla.-area industrial portfolio. This is Houston-based NAI Partners’ first property management assignment outside the state of Texas. The three industrial properties total just under 2,000,000 SF. They are  6100 McIntosh Road (906,449 SF) ... Read More »

Crow Buys Greenway Plaza Area Building for New Residential Project

HOUSTON – (Realty News Report) – The old Southwestern Bell building on Weslayan near West Alabama has been sold for a multifamily development by Trammell Crow Residential. The building, a 400,000-SF structure, was built in the early 1970s. It was built on a 9-acre tract connected to Kenneth Schnitzer’s famous Greenway Plaza assemblage. Trammell Crow Residential is expected to brand ... Read More »

Gibbs & Bruns Law Firm Leases Space at 1100 Louisiana

HOUSTON – (Realty News Report) – Colvill Office Properties has closed on a 40,836-SF, long-term office lease renewal to Gibbs & Bruns, LLP at 1100 Louisiana, a 1,265,332-SF Class A office building in downtown Houston. Gibbs & Bruns, a litigation boutique engaged exclusively in high-stakes business and commercial litigation, has occupied the two full floors since 1999. In 2017, the ... Read More »

McDermott Leases Large Office Tower in the Energy Corridor

HOUSTON – (Realty News Report) – McDermott International Inc. has signed a 524,323-SF lease for the entire Energy Center Five building, an 18-story property in the Energy Corridor. The building will serve as the new corporate McDermott headquarters and will consolidate approximately 1,700 employees across five locations in the Houston area into the new building. The office tower was completed ... Read More »

Avera Buys 40 Acres for Major Industrial Project

HOUSTON – Avera, a commercial real estate development, construction and investment firm, acquired 40 acres to develop Cedar Port Logistics. Plans for the development will include a building that will be between 610,000 and 2,262,000 SF. The site, located in Cedar Port Industrial Park, is located east of the Port of Houston, on the north side of Highway 99. John ... Read More »

TEXAS NEW HOME PRICES CONTINUE UPWARD TREND

HOUSTON – (Realty News Report) – The strength of the Texas housing market continued in October with home prices increasing for the second consecutive month, according to the HomesUSA.com. Average new home prices rose statewide to $357,547 in October from $355,821 in September. The Dallas-Ft. Worth market takes top billing with the highest new home price at $374,871 and remains ... Read More »

Meritage Homes Leases Space in New Worth & Associates Office Project

SAN ANTONIO – (Realty News Report) – San Antonio commercial real estate developer Worth & Associates has secured Meritage Homes as the anchor tenant for its new Inwood Village office complex under development in San Antonio. The 77,000-SF office project is currently under construction at 2722 Bitters Road in North Central San Antonio. Meritage Homes leased 16,000 SF in the ... Read More »

Dallas No. 1, While Other Texas Markets Strong in Real Estate Investment Potential

HOUSTON – (Realty News Report) – With Dallas-Fort Worth ranked No. 1 in the nation, Houston is a real estate market on the rise and “has it all” as cited in the investment market rankings of Emerging Trends in Real Estate 2019 by PwC and the Urban Land Institute. Houston posted No. 37 of 79 U.S. cities, which is a big improvement ... Read More »

Multifamily Market Update: The Recovery From Hurricane Harvey

HOUSTON – (By Dale King, Realty News Report) – The Houston metropolitan area has spent more than a year battling back from the destructive footprint left by Hurricane Harvey midway through 2017. And the effort to recover continues to succeed, says the Q3 2018 Houston Multifamily Report from Berkadia Real Estate Advisors, LLC. “The impact of Hurricane Harvey and the ... Read More »

Parkway Building 600-Car Garage Next To Greenway Plaza’s Phoenix Tower

HOUSTON – (Realty News Report) – An eight-level parking garage with 600 spaces will be built adjacent to the 34-story Phoenix Tower in Greenway Plaza near the Southwest Freeway at Buffalo Speedway. Construction will begin before the end of the year and be complete in late 2019, according to Greenway Plaza operator Parkway Property Investments, LLC. The new 247,000-square-foot garage ... Read More »

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