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Category Archives: Houston

67-Year-Old Mixed-Use Center Slated for Redevelopment on Prime Bellaire Corner

BELLAIRE, Texas – Bellaire Town Center, a retail/office complex that opened in 1950 in the heart of the Bellaire community, is targeted for a redevelopment and expansion. The two-story center, located at the southwest corner of Bellaire Boulevard and South Rice Avenue opened in 1950. Plans filed with the City of Bellaire indicate the center will be expanded from 39,000 ... Read More »

Entertainment Facility Leases 60,000 SF

PEARLAND, Texas – NAI Partners represented Urban Air of Pearland, LLC in leasing 59,908 SF of industrial/retail flex space located at 3207 S Sam Houston Parkway East in Pearland, Texas. Urban Air Trampoline & Adventure Park are targeted to family entertainment and gatherings. Jason Gaines of NAI Partners represented the tenant, Urban Air of Pearland, LLC in the lease negotiations, while Robert ... Read More »

The Lasting Appeal of a Louisiana Street Address: Q&A with Damon Thames of Colvill Office Properties

Downtown’s 811 Louisiana, a 26-story, 577,735-square-foot office building formerly known as Two Shell Plaza, is proving again that a Louisiana Street address appeals to the Houston marketplace. Two years after Shell Oil vacated the property, the structure has undergone an extensive redesign by Page architects. The lobby was transformed and rebranded and the entry was changed to 811 Louisiana. The ... Read More »

Final Phase of LaCenterra Mixed-Used Project Demonstrates Katy Growth Potential

KATY, Texas – (By Michelle Leigh Smith) – LaCenterra, one of the Southwest’s most interesting outdoor malls, celebrates its tenth anniversary this month. And with its final phase under construction and a transformative expansion of the Westpark Tollway coming in nearby, the second decade of LaCenterra’s existence may be even stronger than the first. The destination mixed-use development, now with ... Read More »

Pelican Builders Planning Condo Tower Near River Oaks

HOUSTON – Pelican Builders, a Houston firm led by Robert Bland, plans to build a nine-story condominium project near River Oaks in Houston. Named The Revere, the boutique condominium will have 33 residences ranging in size from 2,677 to 3,867 SF – and priced between $1.6 and $2.9 million. The building — “designed with River Oaks empty nesters in mind” ... Read More »

Unwanted Top Ranking: Houston has Largest Sublease Supply in Nation, Reports CBRE Research

HOUSTON – Houston has the largest supply of sublease office space in the nation, according to a new report by CBRE Research. Houston had an 11.1 million SF of sublease space on the market at year-end. Boston ranked second with 4.8 million SF of sublease supply, followed by Manhattan at 3.8 million SF. The oversupply of sublease space, which is ... Read More »

MetroNational Developing Midrise Residential Tower at Memorial City

HOUSTON – MetroNational, a Houston-based real estate firm with extensive holdings in west Houston, will break ground later this month on an 8-floor, 327-unit midrise rental apartment tower adjacent to Memorial City Mall. Designed by Ziegler Cooper Architects Residential, a Houston firm that has designed many residential towers, the plan the project will feature upscale amenities including a rooftop, resort ... Read More »

Fore! – Golf Still Drives Value for Housing; But How Much?

HOUSTON – (By Dale King) -A golf course view is a lovely amenity for your home. But a golf course in the neighborhood can actually put more money in your pocket if you’re planning to sell, says a new university study. Most of the real estate folks around Houston interviewed by agree with the faculty-conducted study out of Florida ... Read More »

14-Story Greenspoint Area Tower Acquired by Steve Moore Firm

HOUSTON – Austin Management Group, a Houston firm led by Steve Moore, has acquired the Northborough Tower, a 14-story office building at 100 Glenborough Drive in the Greenspoint area. The 206,533-SF building is currently vacant, although it is 99 percent leased until 2018 by Noble Energy. Transwestern’s Leah Gallagher, Michelle Wogan and Hale Umstattd represented seller. The building was formerly ... Read More »

WeWork Selects The Jones on Main for First Houston Location

HOUSTON – WeWork, a co-working office space company, will open its first Houston location in The Jones on Main, a historic redevelopment in downtown Houston. The office sharing WeWork concept is appealing to start-up firms, entrepreneurs and even Fortune 500 companies that need to have a regular presence in major cities. The Jones on Main is a redevelopment of the ... Read More »

The Boulevard Project: A Conversation with John Breeding of Uptown Houston District

HOUSTON – If you’ve ventured to Uptown Houston lately, a lot is going on in those 500 acres in the heart of Houston. A redevelopment plan, The Boulevard Project, is being put into effect in the area – one of the most vibrant in the country. The vision for the project is to rebuild Post Oak Boulevard into an exquisitely ... Read More »

Hotel Buying Spree: Another Holiday Inn Sold in Houston Area

TEXAS CITY, Texas – CBRE Hotels arranged the sale of Holiday Inn Express & Suites, located at 2440 Gulf Freeway in Texas City, between Houston and Galveston. Texas City Hospitality LLC purchased the 70-room hotel from Peet Hotels, Inc. as an investment opportunity for an undisclosed price. It is the third Houston-area Holiday Inn Express sold by CBRE Hotels in ... Read More »

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