Monday , 26 June 2017
Breaking News

Category Archives: Houston

Exxon Mobil’s Houston Sell-Off: Aftershocks From the Move to New 3 Million SF Campus

HOUSTON – (By Ralph Bivins) – When Exxon Mobil announced in 2011 it would be moving to a 385-acre, 3 million-SF campus in north Houston, the aftershocks started rumbling n the Houston real estate market. The wave of Exxon Mobil’s monumental move is still working way through the Houston real estate market. Exxon Mobil’s prime Inner Loop parcel in the ... Read More »

Large Retail Center Underway at Aliana Master Planned Community in Fort Bend County

HOUSTON – Property Commerce, a Houston development firm led by Jay Williams, has acquired 38 acres on the Grand Parkway near the Aliana master planned community in Fort Bend County. Aliana, where 426 new homes were sold in 2016, ranks 17th nationally among the top selling communities, according to John Burns Real Estate Consulting. Property Commerce will develop a 438,000-SF ... Read More »

Houston’s Quirky Elevated Buildings: Can “Stilts” Make a Comeback in the Inner Loop?

HOUSTON – (By Michelle Leigh Smith) – You see them all over Galveston Island. And if you are really observant, you see these rare structures sprinkled across Houston’s Inner Loop. We’re talking about buildings on stilts – the upright columns that support small, elevated buildings with surface-level parking underneath. How often have small buildings been built with stilts in dense ... Read More »

Targa Resources Signs Major Lease at 811 Louisiana in Downtown Houston

HOUSTON – Targa Resources Corp., one of the largest independent midstream energy companies in North America, has signed a long-term office lease at 811 Louisiana, a Class A, 577,735 square-foot office tower located in Houston’s Central Business District. Targa will occupy 127,734 square feet on four floors at the recently renovated 811 Louisiana building. The lease represents the largest new ... Read More »

Report: Skanska Preparing to Start Construction on Capitol Tower in Downtown Houston

HOUSTON – Skanska USA erected a construction crane in downtown Houston over the weekend, a sign that the firm expects to begin construction soon on an office tower, according to a report in the Houston Chronicle. Several years ago, Skanska announced plans to build a 35-story office tower on the site, a block bounded by Capitol, Rusk, Milam and Travis ... Read More »

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 »

Scroll To Top