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Category Archives: Houston

Report: Houston Must Add 214,000 New Apartments by 2030

HOUSTON – (By Dale King, Realty News Report) – “We live in an age of disruption, and the multifamily industry, historically slow to adapt to change, is especially at risk.” A newly released report from the National Multifamily Housing Council (NMHC) offers that grim assessment of the herculean task facing the apartment industry. The council’s research says 4.6 million new ... Read More »

Lee Says Tenant Sentiment is Up: ‘They are Excited and They are Looking at Space’

HOUSTON – (Realty News Report) – West Texas Intermediate crude is $64 a barrel, oil well drilling activity is increasing and the Houston commercial real estate market is feeling good about it, according to a major player in the city’s industrial property scene. “The sentiment of our clients – and we have a lot of oil and gas clients – ... Read More »

Hertz Investments Group Buys Westchase Building

HOUSTON – (Realty News Report) – Hertz Investment Group of California purchased the 10-story Westchase Park Plaza office building at 11490 Westheimer in Houston. The seller of the 232,000-SF building was an entity affiliated with Parmenter Realty Partners of Miami. The $24 million deal is the first in Texas for Hertz, a Woodland Hills, Calif.-based office investment firm founded in ... Read More »

Cotton Holdings Moves HQ to CityCentre

HOUSTON – (Realty News Report) – Cotton Holdings is relocating its global corporate headquarters to Midway’s CityCentre development in west Houston, near the intersection of Beltway 8 and the Katy Freeway. Cotton is subleasing 11,751 SF from PDS Americas in the CityCentre Four building. Cotton, which has a campus in Katy, was started 20 years ago as a disaster restoration ... Read More »

Why Houston Lost the Amazon Race

HOUSTON – (By Ralph Bivins, Realty News Report) – Mayor Sylvester Turner called it correctly. It’s a “wake-up call,” the mayor said, and “there’s a lot of work that still needs to be done.” Mayor Turner was bemoaning the embarrassing defeat Houston suffered in the Amazon HQ2 sweepstakes. On Thursday, the Seattle-based firm announced the 20 cities selected as finalists ... Read More »

Out of the Deep Freeze: Houston Real Estate is Heating Up in 2018

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – As 2018 began, institutional investors are focused on Houston again, while the industrial and multifamily markets still have room to run. In short, the forecast for Houston commercial real is good, according to experts at the BoyarMiller Annual Commercial Real Estate Forum at the Briar Club Thursday. Despite two missed ... Read More »

New Owner of West Oaks Mall Buys Former Macy’s Store

HOUSTON – (Realty News Report) – The shuttered Macy’s store at West Oaks Mall has been purchased a unit of Metha Investments, which purchased the remainder of the west Houston regional mall last year. Macy’s has closed a number of stores around the nation as part of an industry-wide trend that have called the “Retail Armageddon” – a shakeout in ... Read More »

Hurricane Harvey Destroyed Your Home? – Pay Property Tax Anyway, Elected Officials Insist; Disaster Provision Ignored

HOUSTON – (By Ralph Bivins, Realty News Report) – Elected officials are responding with deaf ears, blind eyes and cold hearts to the victims of Hurricane Harvey. Owners of properties demolished by Hurricane Harvey will have to pay as much in taxes as the owners of properties in perfect condition, unless government officials take action soon. Houstonians who own structures ... Read More »

Houston Hurricane Update: Tax Breaks and Federal Funding to Continue Recovery Explained as Cruz Visits City Hall

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Houston and its hurricane victims can look forward to tax breaks and massive federal funding to continue the city’s recovery, elected officials say. An update was presented Friday afternoon at Houston’s City Hall by U.S. Sen. Ted Cruz and Mayor Sylvester Turner. “Sen. Cruz introduced the Hurricane Tax Relief bill ... Read More »

Natural Disasters: The Human Toll Overshadows Real Estate Damages, NAREE Panel Told

ORLANDO – (Realty News Report) – After natural catastrophes such as hurricanes, floods and wildfires, real estate analysts and insurance companies tally up the billions in damage, but their cold numbers don’t take into account the toll on human beings. “During Hurricane Harvey in August, Houston endured 50 inches of rain,” said Ralph Bivins, editor of Realty News Report and a past president of the National Association of ... Read More »

Houston Home Sales Hit Record High in 2017

HOUSTON – (Realty News Report) – 2017 was the best year in the history of Houston realty sales, according to year-end numbers released by the Houston Association of Realtors. The association reported 79,117 single-family homes were sold in the Houston area last year, up 3.5 percent over the 76,450 sales in 2016. By comparison, five years ago in 2012 when ... Read More »

Jackson Walker Leases Space in 5 Houston Center

HOUSTON – (Realty News Report) – The Jackson Walker law firm has leased 77,015 SF at 5 Houston Center, a 27-story story building in downtown Houston. Transwestern Executive Vice President Eric Anderson and Vice President Tyler Garrett represented the landlord, Spear Street Capital. 5 Houston Center, a 580,000-SF tower was developed by Crescent Real Estate and it opened about 17 ... Read More »

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