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Category Archives: Houston

KHOU’s Big Lease – Plus a $10 Million Redo – Generates Upswing at Westheimer Office Tower

HOUSTON – (Realty News Report) – The arrival of flood-impacted KHOU-TV Channel 11 as a key tenant – along with a hefty $10 million renovation budget – has triggered new leasing activity in the 5718 Westheimer office tower near the Galleria. CBRE’s Marilyn Guion and Parker Duffie have inked over 18,000 square-feet in recent leases. “The KHOU-TV station lease was a significant win ... Read More »

Neil Tofsky Group Buys Prime Tract for Mixed-Use Development in Greenway Plaza Area

HOUSTON – (Realty News Report) – A partnership led by Houston-based Senterra Real Estate Group LLC has purchased a prime, four-acre parcel at northwest corner of Buffalo Speedway and Richmond Avenue for a future mixed-use development. Located about a quarter mile north of the Southwest Freeway, the property is directly across from the eastern edge of the Greenway Plaza campus. The ... Read More »

Skanska Making Huge Play in East Downtown – and the Aftershocks Could be Transformative

HOUSTON – (By Ralph Bivins of Realty News Report) – Skanska Commercial Development has paid $55 million for 3.5 acres near Discovery Green park, where it expects to build a large mixed-use development. The four downtown parcels are surface parking lots near Dallas, Lamar and LaBranch streets, including a full city block across from Marvy Finger’s One Park Place residential ... Read More »

Paul Layne Named CEO of Howard Hughes Corp. as Corporate HQ Moves to The Woodlands

HOUSTON – (Realty News Report) – Howard Hughes Corp., the developer of The Woodlands, Bridgelands, Summerlin in Las Vegas, has named Paul Layne as CEO and is moving the company’s headquarters to The Woodlands. Following a “strategic review process” the firm announced Monay it would sell $2 billion in “non-core assets” and redeploy assets into stock repurchases and advancing development ... Read More »

The Road to Recovery: Positive Signs in Houston’s Office Market Reported by CBRE

HOUSTON – (Realty News Report) – The competitive Houston office market is showing signs of modest improvement, although a full recovery could be several years away. CBRE reports 5.2 million square feet of Houston office space has been leased so far this year, up from 4.2 million square feet in the comparable period of 2018. “Leasing activity has been strong,” ... Read More »

Landmark Houston Skyscraper Renamed for the Fifth Time

HOUSTON – (Realty News Report) – A distinctive downtown building has been renamed TC Energy Center – the fifth official name for the 56-story skyscraper since it was completed in 1983. The 1.2 million SF building, 700 Louisiana, was developed by Hines and designed by Philip Johnson with John Burgee. Most recently, the building was named Bank of America Center, ... Read More »

Groundbreaking Set for March 2020 for Major New Downtown Amenity

HOUSTON – (Realty News Report) – Plans for a new downtown park are taking shape with the selection of a restaurant operator and groundbreaking set for March 2020, according to the Downtown Redevelopment Authority. The park, set to open in March 2021, will be on three-fourths of a block bounded by Fannin, Leeland, Bell and San Jacinto. The new park site ... Read More »

Praedium Group Acquires Houston Property

HOUSTON – (Realty News Report) – The Praedium Group, a New York based national real estate investment firm, acquired the 387-unit Everly Apartments in west Houston. The property, 2827 Dunvale, was developed in 2018 by the Walter Embrey organization of San Antonio. It is just south of Westheimer Road, near the AMC Studio 30 movie theater. “We continue to target the Houston MSA ... Read More »

Skyscraper Unveils “The 1100 Experience” – Digital Art Rotating in Downtown Houston

HOUSTON – (Realty News Report) – Hines has unveiled “The 1100 Experience” in a downtown Houston skyscraper. A key part of a lobby renovation of the 1100 Louisiana building, the “Experience” is a 32-foot digital display in the largest commercial office indoor digital installation of its kind in downtown Houston. This new digital platform will display a myriad of art ... Read More »

Storyhive Video Production Firm Redeveloping Eastwood Building

HOUSTON – (Realty News Report) – The Storyhive video production firm is redeveloping an Eastwood building at 4010 Canal St., located less than two miles east of downtown. The 15,000-SF building, which was recently  acquired by Storyhive, will be featured in the structure during the Eastwood Civic Association’s Annual Historic Home Tour this weekend on Oct. 19 and 20. Boutique ... Read More »

COE Office Furniture Sets Up Shop in Crow Holdings NW Project – the Redeveloped Randall’s Distribution Center

HOUSTON – (Realty News Report) – COE Distributing, a nationwide wholesale distributor of office furniture, signed a 251,754 SF lease at Highland Grove Industrial Park, a redevelopment of the former Randall’s distribution center near Highway 290. The property landlord, CRP/CHI Randalls Owner, LP was represented by Cory Driskill and Travis Covington of Crow Holdings Industrial and Faron Wiley of CBRE. ... Read More »

Three-Building Office Portfolio Acquired in Houston

HOUSTON – (Realty News Report) – Houston-based Hartman Income REIT has acquired a 254,225-SF portfolio of three office buildings in Houston. JLL marketed the properties on behalf of the seller, HighBrook Investors, a New York-based private equity firm. Overall, the portfolio is 55 percent leased. The portfolio includes two buildings in the Park 10 Business Park in the Energy Corridor at 16420 ... Read More »

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