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Category Archives: Houston

Spaces Co-Working Organization Leases 53,000 SF in Post Oak Central

HOUSTON – (Realty News Report) – Spaces, a co-working provider from Amsterdam, has leased 53,000 SF in Post Oak Central for a co-working facility, located on Post Oak Boulevard, just north of the Galleria. Spaces will occupy the first three floors of Two Post Oak Central, owned by Parkway Property Investments. Spaces will open in the fourth quarter of 2019. ... Read More »

63 Warehouses Under Construction in Houston; More on the Way as Industrial Market Heats Up

HOUSTON – (Realty News Report) – Warehouse construction is surging in Houston as strong job growth, improving oil prices and the city’s emergence as a major distribution hub has energized the industrial real estate sector. Sixty-three major industrial buildings are currently under construction and more new space is on the way, according to a new report by the Avison Young ... Read More »

The Future of Downtown Houston’s Skyscrapers: Q&A with Tyler Garrett of Transwestern

HOUSTON – (Realty News Report) – Houston’s central business district’s office market has seen better times With 2 million square feet of sublease space on the market, the downtown availability rate is around 20 percent. In addition, new office towers such as Hines’ new office development on the former Houston Chronicle site will further increase pressure. But downtown still is ... Read More »

The Greening of Houston: Q&A with Park Visionary Guy Hagstette

HOUSTON – (Realty News Report) – Sometimes thought of as a concrete jumble, central Houston is getting greener. From the new offerings such as Discovery Green and Buffalo Bayou, to plans for a more expansive Memorial Park – to say nothing of the revitalized Hermann Park – Houstonians are benefitting from efforts to make the city more beautiful – and ... Read More »

Opendoor Launches Online Home Buying/Selling in Houston

HOUSTON – (Realty News Report) – Opendoor, a San Francisco-based residential real estate company on a mission to revolutionize home buying and selling, will soon close its first sale in Houston since launching in July. As one of the top three housing markets in the country, Houston is ripe for the Opendoor model, said Greg Hiltz, Opendoor City Launcher. “We ... Read More »

Caydon’s 27-Story Apartment Tower Adds to Midtown Mix

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – Housing in Midtown is going up – in both number of residential units and in the height of buildings accommodating them. As the first apartment tower project out of the ground in the redeveloping neighborhood, Australia-based developer Caydon’s $200 million 27-story apartment tower at 2850 Main St. recently hit the ... Read More »

Houston Economy Adds 128,700 New Jobs in Record Surge

HOUSTON – (By Ralph Bivins, Realty News Report) – Some 128,700 new jobs were created in Houston over the last 12 months – one of the largest job gains ever reported by the Texas Workforce Commission. It was the highest 12-month total recorded since the Labor Department started tracking job growth in this way in 1990, the Houston Chronicle reported. ... Read More »

First Home of the Astros: Restoring the Astrodome – Q&A with Judge Ed Emmett

HOUSTON – (Realty News Report) – The Astrodome played an important role in the development of Space City and Houston’s reputation as a can-do city. The Astrodome – formally named the Harris County Domed Stadium – opened in 1965. For decades, it was the home of the Houston Astros, the city’s winning team which is currently competing in the American ... Read More »

The Most Patient Listing in the History of Real Estate? … Maybe

HOUSTON – (Realty News Report) – It may be worthy of a Guinness World Record. The deal wasn’t huge. The location was not sexy. And Lord knows, this was no quick flip. But when it comes to patience in the real estate business, this land sale takes the cake. After having a Pasadena tract of land listed for sale for ... Read More »

Levy Park Wins International ULI Open Space Award

BOSTON – (Realty News Report) – Levy Park, a redeveloped park in the inner loop of Houston, has been named a winner of the Urban Land Institute’s Open Space Award, a worldwide competition. The six-acre park, located west of Kirby Drive on the south side of Richmond Avenue, opened in February 2017 after an extensive renovation. The ULI announced the ... Read More »

Houston Office Vacancy Rising, Rents Falling, CBRE Reports

HOUSTON – (Realty News Report) – Houston’s office vacancy is getting worse, increasing pressure on landlords to cut rental rates, according to CBRE. The third quarter vacancy rate rose to 18.5 percent, up from 17.6 percent in the third quarter of last year, the CBRE MarketView report. The Houston office market has suffered through tough times for the last three ... Read More »

Houston Leasing Briefs

HOUSTON – (Realty News Report) – City Bank is relocating its Houston branch to Midway’s CITYCENTRE development in west Houston. City Bank, based in Lubbock, currently has its location at 10800 Bellaire Boulevard, Located near the Sam Houston Tollway and the Katy Freway, CITYCENTRE is a 47-acre mixed-use development with 350,000 SF of retail, 625,000 SF of office, 1,155 apartment units ... Read More »

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