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Category Archives: Houston

The Hub at Greenway Plaza Adds to Offerings

HOUSTON – (Realty News Report) – The Hub, the restaurant, retail and services core of the Greenway Plaza complex has gained a full-service dental wellness office. WellSmiles at Greenway Plaza is slated to debut in fall 2019. Work on the 2,000-SF suite is underway, and Epoch Construction Service is serving the general contractor. Parkway Property Investments, LLC which operates the 11-bulding ... Read More »

Quasar Logistics Buys Northeast Property for Industrial Development

HUMBLE, Texas – (Realty News Report) – Quasar Logistics IAH, Ltd. Acquired 71.8-acres in Humble for a new industrial development. NAI Partners’ Clay Pritchett represented the buyer. NAI Partners’ John Ferruzzo, Nick Peterson, and Ryan Searle represented the seller, Platinum Ridge LP. The new owner expects to “capture rising demand within the logistics and distribution sectors of the north Houston ... Read More »

Texas Tech: CBRE Report Says Houston Trails Austin and Dallas in Tech Workforce

HOUSTON – (By Kyle Hagerty for Realty News Report) – Tech jobs, a primary driver of office space use in the 21st century, are fueling some of the nation’s hottest office markets. A new report from commercial real estate industry giant CBRE shows that Houston, the largest city in the Lone Star State, long playing catchup to Austin and Dallas, ... Read More »

Empyrean Leases 108,000 SF for HQ in Westchase

HOUSTON – (Realty News Report) – Empyrean Benefit Solutions renewed a 108,000 SF lease for its headquarters in the nine-story Pinnacle Westchase building at 3010 Briarpark Drive near Beltway 8 in Houston. Newmark Knight Frank (NKF) Director David Husid represented the tenant in the lease transaction, one of the largest deals in the Westchase submarket this year. In 2017, NKF ... Read More »

New Office Development Breaks Ground in Katy – Spec Project to Rise West of Houston

HOUSTON – (Realty News Report) – Freeway Properties has broken ground on a 150,920 SF office building along Interstate 10 near the Grand Parkway, in the Katy area west of Houston. The building, which is the second phase of Freeway Properties’  Katy Ranch Offices development, is slated for completion in the summer of 2020. Avison Young principals Sam Hansen and ... Read More »

Prime West Loop Parcel Ignites a City Hall War

A fiery 5-hour City Hall melee. Affluent Bellaire residents dressed in sloganized T-shirt uniforms. Distrust. Anger. Accusations. At stake: 30 acres of prime property on the West Loop. In the open market, the land would be appropriate for a mixed-use project that could rival Gerald Hines’ Galleria, which is just a mile or two away, Acquired last year by SLS ... Read More »

Inside the Shell of an Old Sears Store, Innovation Springs Forth in Midtown

HOUSTON – (By Ralph Bivins of Realty News Report) – A hub of innovators. Brilliant tech people work there. Venture capitalists roam the halls. Entrepreneurship drips from the ceiling. In a modern looking cafe, an egghead from Stanford and a nerd from MIT are huddled together over cups of bitter coffee. And you’re pretty sure that by the time they ... Read More »

Oil and Office Towers: What Will It Take For Houston’s Office Market to Fully Recover?

HOUSTON – (By Kyle Hagerty for Realty News Report) – Houston’s office sector, which in recent years has been struggling to fill space thanks to a decline in oil prices, is well on the road to recovery thanks to drillers finally increasing production as the price per barrel creeps upward. For Houston to say it’s fully recovered, offshore operations, which ... Read More »

Backfill Bonanza: Retailers Making Moves on Second Generation Space

HOUSTON – (By Dale King, Realty News Report) – Normally, there’s very little good to say about a store – or, worse, a chain of them – going out of business. Too many “Store Closing” signs are seen these days at malls and strip plazas, the result of outmoded marketing concepts, internal and/or external financial woes or, mainly, the growing ... Read More »

Austin Investor Buys Hogg Palace Lofts in Downtown Houston

HOUSTON – (Realty News Report) – Kline Properties, an Austin real estate group, has acquired the historic Hogg Palace Lofts, an eight-story mixed-use building located at 401 Louisiana Street in downtown Houston. JLL’s Chip Nash and Bob Heard and Houston Income Properties’ Jim Hurd and Bishale Patel represented the seller, Randall Davis Company. Constructed in 1921, Hogg Palace now stands ... Read More »

NAI Partners Moving HQ Office to Four Oaks Place

HOUSTON – (Realty News Report) – NAI Partners is relocating its headquarters to Four Oaks Place, where the Houston-based commercial real estate firm has leased 20,000 SF (a full floor) at 1360 Post Oak Boulevard in Uptown Houston. The move represents a 6,000 SF expansion from its office at 1900 West Loop South. NAI Partners’ Dan Boyles, head of the ... Read More »

WeWork Leases 56,000 SF in Hines Tower for a Coworking Facility in Downtown Houston

HOUSTON – (Realty News Report) – WeWork has leased space in Hines’ 609 Main at Texas building for its second coworking location in downtown Houston. WeWork leased 56,000 SF at 609 Main at Texas — a 48-story, 1.1 million-SF office tower completed by Hines in 2017. WeWork will occupy the building’s 25th and 26th floors. Hines was represented by Michael ... Read More »

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