Tuesday , 16 January 2018
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Category Archives: Houston

Houston Will Gain 45,000 Jobs in 2018, Predicts Economist Patrick Jankowski

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Patrick Jankowski, the Greater Houston Partnership’s Senior Vice President, Research and Regional Economist, says he’s cautiously optimistic about the Houston economy for 2018. “I’m more excited about 2018 than I was about 2017 – we were dealing with a loss of 28,900 energy jobs, a loss of one in every ... Read More »

Hurricane Harvey Victims May Get Some Relief from Amended Tax Returns

HOUSTON – (By Dale King, Realty News Report) – Just three months ago, first responders poured into the Houston area to render immediate aid to millions of people harmed, displaced, traumatized and left with ruined homes, businesses and lost belongings after Hurricane Harvey. The wave of wind and rain dumped 50-plus inches of water on a region that’s still dealing ... Read More »

Charming Charlie to Close 100 Stores

HOUSTON – (Realty News Report) – Charming Charlie, a Houston-based retail chain, is expected to close about 100 of its 375 stores, according to news reports. The company recently announced plans reduce employee headcount at its Houston Corporate Support Center and Distribution Center. The firm also said it would shutter stores, but it did not specify the exact number of ... Read More »

Brookfield Acquires Houston Center for $875 Million; Major Redevelopment Planned

HOUSTON – (By Ralph Bivins, Realty News Report) – Brookfield Property Partners has finalized its acquisition Houston Center, a collection of four downtown skyscrapers and a 200,000-SF retail center. The $875 million sale of the 4.2 million SF Houston Center is one of the biggest real estate transactions ever completed in Houston. Brookfield is expected to spend heavily – well ... Read More »

PGIM/Hanover Buy 29-Story Apartment Tower

HOUSTON – A partnership of PGIM Real Estate and Hanover Co., a Houston-based multifamily firm acquired the 396-unit Mosaic at Hermann Park tower near the Texas Medical Center and Highway 288. The 29-story building has been rebranded as Hanover Hermann Park. The apartment building, is located near the Hermann Park Golf Course clubhouse and driving range at the corner of ... Read More »

Sales Up 127 Percent in Evolving Houston Sector

HOUSTON – (Realty News Report) – Warehouses are a hot item in Houston. Warehouse sales are up 127 percent year-to-date over the sales volume of 2016, according to a November report by NAI Partners. Houston is poised to break the $1 billion barrier soon. So far this year $984 million in industrial sales have been recorded. Institutional investors have accounted ... Read More »

Steel Manufacturing Plant Sold and Will Re-Open

CONROE, Texas – Falcon Steel America, a manufacturer of high-voltage transmission tower and other steel structures, acquired a 226,000-SF manufacturing facility in Conroe, north of Houston. The addition of the new plant, located on 25 acres at 3575 Pollok Drive, will more than double the Fort Worth-based company’s manufacturing capacity. Falcon Steel America, which is remodeling the plant, expects to ... Read More »

Quantum Energy Partners Leases Space in New Downtown Tower

HOUSTON – (Realty News Report) – Quantum Energy Partners leased 32,000-SF at the top of the 35-story downtown office tower under construction by Skanska USA Commercial Development. The new building, slated for completion in 2019, is now 33 percent leased. Bank of America, with more than 210,000-SF, is the anchor tenant and the namesake of the new tower. The 754,000-SF ... Read More »

Medistar Developing 33-Story Medical Tower on Main Street

HOUSTON – (Realty News Report) – Medistar Corp. of Houston is developing a 33-story, 550,000-SF medical office tower at 6700 Main Street on the western edge of the Texas Medical Center, Medistar founder Monzer Hourani said. The medical tower will be built on the site of the SureStay Plus Hotel by Best Western, which will be demolished, Hourani said. The ... Read More »

Craft Beer Distributor Leases Space in Northwest Houston

HOUSTON – Favorite Brands is a family-owned distributor of craft beer, boutique wine and spirits, has signed a lease for industrial space in northwest Houston. NAI Partners recently arranged a 91,200-SF industrial lease for Favorite Brands at 9010 West Little York in Houston. The building is near Highway 290 and Fairbanks North Houston Road. John Ferruzzo and Nick Peterson of ... Read More »

Despite Hurricane, Houston Ranks No. 2 in the Nation in Housing Starts, Behind Dallas

HOUSTON – Houston ranks No. 2 in the nation in housing starts, behind only Dallas, as Texas continues to show exceptional strength in home building. Houston had 27,713 housing starts for the 12-month period ending Sept. 30, according to Metrostudy, a national housing and research firm. That’s a 6.4 percent increase over 2016. Dallas remained as the top new home ... Read More »

Stewart Title Moving HQ to Four Oaks Place

HOUSTON – (Realty News Report) – Stewart Title has leased 156,000 SF of office space in the Four Oaks Place complex for its near headquarters location. Stewart’s new offices will be subleased from BHP Billiton at 1360 Post Oak Boulevard in the Uptown Houston area. The move will occur at midyear 2019. “Stewart’s associates drive the company’s growth and it’s ... Read More »

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