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Category Archives: Houston

WorkSuites Leases Space for Co-Working Facilities

HOUSTON – (Realty News Report) – WorkSuites, a new co-working brand formerly known as Meridian Business Centers, is expanding in Houston. WorkSuites leased 30,355 SF 5th floor at 2001 Timberloch Place in The Woodlands. WORKSUITES works with John Pelletier and Greg Burns of ESRP as its national brokers, and Dan Boyles and Michael Mannella of NAI Partners on the company’s ... Read More »

King Ranch Saddle Shop Leases Space in CityCentre

HOUSTON – (Realty News Report) – King Ranch Saddle Shop leased 2,594 SF in CityCentre, Midway’s 47-acre mixed-use development near the Sam Houston Tollway in west Houston. The 825,000-acre King Ranch, located in south Texas between Corpus Christi and Brownsville, was founded in 1853 by Capt. Richard King. King established the leather goods business in 1867 in order to keep ... Read More »

Developing a New Houston that Can Handle Flood Waters: Q&A with Jim Blackburn

HOUSTON – (Realty News Report) – The anniversary of the initial landfall of Hurricane Harvey is approaching. The storm arrived Aug. 25, 2017 and it stayed in the Houston area for days, pounding the city with 50 inches of rain and flooding more that 100,000 homes. A year later, voters are going to the polls to consider approving $2.5 billion ... Read More »

Job Growth is Back – Houston Adds a Whopping 94,600 Jobs

HOUSTON – (Realty News Report) – The Houston area added 94,600 new jobs in the 12-month period ending in June, one of the strongest job growth reports in years. More than 3.1 million people are now employed in the Houston area, according to the Texas Workforce Commission. The June job total represents a “significant jump” from the 81,200 jobs created ... Read More »

The World Capital of Master Planned Communities: Q&A with David Jarvis

HOUSTON – (Realty News Report) – Houston is known as the world capital of space exploration, the world capital of air conditioning, the world capital of the international energy industry and the world capital of petroleum exploration. It might also be known as the world capital of Master Planned Communities (MPCs) — residential developments that include an unusual number of ... Read More »

Fein Developing Multifamily Project on Prime Post Oak Park Tract

HOUSTON – (Realty News Report) – A major residential play is unfolding in the Post Oak Park area near Loop 610 with long-time multifamily developer Martin Fein Interests starting a new project. Fein will break ground next month on a five- and six-story multifamily rental project at the northeast corner of Post Oak Park Drive and River Hollow Lane. The ... Read More »

Hines’ New Skyscraper and the Future of Downtown Houston: Q&A with Tim Relyea of Cushman & Wakefield

HOUSTON – (Realty News Report) – On Wednesday, July 17, 2018, Hines and partner Ivanhoé Cambridge, announced construction of a new, 47-story, 1 million-SF office tower on the former site of the Houston Chronicle building downtown. While law firm Vinson & Elkins, signed a lease for 212,000 square feet and Hines will take 155,000 square feet, the new construction occurs ... Read More »

Hines Starting New Downtown Skyscraper on Former Houston Chronicle Site

HOUSTON – (Realty News Report) Hines has announced plans to start development on downtown Houston’s next skyscraper – a 1 million-SF tower built on the former site of the Houston Chronicle building, which has been demolished. Hines, a real estate development firm founded in Houston in 1957, will move its own headquarters into the new 47-story building, leaving the Williams ... Read More »

California Investor Buys 19 Houston Industrial Buildings

HOUSTON – (Realty News Report) – Wilson Investment Properties, a Silicon Valley-based real estate investment firm, acquired an industrial portfolio of 19 buildings in 6 industrial parks, primarily located in northwest Houston, spanning a total of 460,000 SF. The portfolio is leased to a diversified set of 103 tenants, including manufacturing, fabrication, and many local service businesses. It fared exceptionally ... Read More »

Patrinely Group Breaks Ground on 100,000-SF Mixed-Use Development in Springwoods Village

HOUSTON – (Realty News Report) – A joint venture led by Patrinely Group that also includes USAA Real Estate and CDC Houston, has broken ground on 100,000-SF mixed-use project in Springwoods Village north of Houston. The project will consist of a 50,000-SF, two-story office/retail building, located at 1401 Lake Plaza Drive in Spring, Texas and a 50,000-SF Star Cinema Grill. ... Read More »

As Hurricane Harvey Recovery Drags On, Houston Habitat For Humanity Relaxes Rules to Help More Flood Victims

HOUSTON – (Realty News Report) – Houston Habitat for Humanity, reacting to the devastation from Hurricane Harvey, has relaxed its requirement that applicants be first-time homebuyers. “With $125 billion in damage, 88 lives lost, 12,700 homes destroyed and 130,000 in need of repair, Houstonians continue to face a long road to recovery as the one year anniversary of Hurricane Harvey ... Read More »

Space City: Waiting for Recovery of Houston’s Office Market – Q&A with Charles Herder of Colliers International

HOUSTON – (Realty News Report) – Space City is living up to its nickname: it has a lot of office space and the figures are increasing. According to Colliers International, Houston’s citywide vacancy rate stood at 21.7 percent in the second quarter, up from the 18.8 percent recorded in Q2 2017. The sublease problem, exacerbated by Occidental Petroleum dropping 800,000 SF ... Read More »

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