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Category Archives: Houston

Houston Home Sales Surge in February

HOUSTON – (Realty News Report) – Houston home sales continued to sprint out of the opening gate in 2018 with a record 5,260 single-family houses sold in February, the Houston Association of Realtors reported. It was the strongest February on record for Houston Realtors and the first time February sales have ever broken the 5,000-mark. Home sales were also strong ... Read More »

Katy Medical Building Sold

KATY, Texas – Katy Med-Arts Partners Ltd. has sold the Katy Medical Arts building in Katy, west of Houston. Gino Lollio and Scott Niedergang of Cushman & Wakefield’s Healthcare Capital Markets team facilitated the sale of the 61,000-SF building, which is fully leased. Katy Internal Medicine and Katy Cardiology Associates are the largest tenants in the building, occupying 18 percent ... Read More »

Transwestern: Boomers Downsizing Into Apartments; But They Still Want Amenities Like Home

HOUSTON – (By Dale King, Realty News Report) – Many baby boomers facing the reality of advancing age, the hard truth of children moving out for good and the ongoing need and cost of maintaining a large structure are pulling up stakes and leaving the family homestead in favor of apartment living. But most of them don’t want to give ... Read More »

New Facility to be Built for MAN Diesel & Turbo

HOUSTON – MAN Diesel & Turbo has signed a lease for a new North America headquarters and plant that will be built in Brookshire west of Houston in the 650-acre Twinwood business park. Bob Berry and Jacob Bravo of Avison Young represented MAN Diesel & Turbo in the lease negotiations in leasing 137,434 SF there. The build-to-suit owned by Houston-based ... Read More »

Manhattan Life Buys Office Building in NW Houston

HOUSTON – Manhattan Life acquired an office building at 13831 Northwest Freeway in Houston. Jon Silberman, managing partner of NAI Partners, managed the sale. Jim Tainter, who leads the NAI landlord services division, will oversee leasing and property management for the 151,835-SF building. Houston-based Boxer Property, the seller, was represented by Jay Nowlin. Manhattan Life’s headquarters building is located nearby ... Read More »

Workplace 360 – CBRE’s New Offices in Williams Tower Reveal Future Trends

HOUSTON – (By Cynthia Lescalleet, Realty News Report) – Now that CBRE Houston has consolidated is local offices under one roof and relocated into its “Workplace360” space in the Williams Tower, its 297 employees have a dozen different types of sleek-and-streamlined work settings to use each day. And, as their tasks change up during the day, so can the environment ... Read More »

SkyWalker Property Acquires Houston Building – And It’s Looking For More

HOUSTON – (Realty News Report) – SkyWalker Property Partners, a North Texas real estate investor, has acquired its first building in Houston – and it’s looking for more deals. SkyWalker purchased the 141,480-SF One Northwind Plaza office building in northwest Houston for one of its managed funds, When Opportunity Knocks LLC. “We have been looking for 18 months in earnest ... Read More »

Austin Newspaper Selling for $47.5 Million; Prime Downtown Property to be Redeveloped

AUSTIN – (Realty News Report) – The Austin American-Statesman, the leading newspaper in the state capital for decades, reports it is being sold to New York-based GateHouse Media for $47.5 million. The sale does not include the prime 19-acre Statesman property and main newsroom building on the southern edge of downtown Austin. The Statesman campus, 305 Congress Avenue, has a scenic ... Read More »

Two More Builders Sign-On at New Woodlands Hills 2,000-Acre Community

CONROE, Texas – K. Hovnanian Homes and Gehan Homes have signed-on as builders in the new 2,000-acre The Woodlands Hills master planned community being developed 13 miles north of The Woodlands. Developed by the Howard Hughes Corp., The Woodlands Hills will have 112 acres of open space, 20 neighborhood parks and more than nine miles of trails. The Woodlands Hills ... Read More »

The Death of a Vision

HOUSTON – (By Ralph Bivins, Realty News Report) – It’s a corpse now. For sale signs will soon be spiked into its blackland prairie skin. It was the dream of Retired Admiral William T. McRaven, the war hero who became chancellor of the University of Texas System. McRaven envisioned transforming 300 acres about a mile south of Loop 610 into ... Read More »

Houston Developer Has 8,000 Acres in the Pipeline

HOUSTON – The developers of the 2,000-acre Aliana master-planned community in Fort Bend County have created a new brand, Airia Development Co. for a large agenda of future development. Airia, led by Travis Stone, president, controls 8,000 acres north of Houston for future development. Stone, who worked for Newland Communities earlier in his career, said Airia will develop multiple communities. ... Read More »

Underestimating Hurricane Harvey: Houston’s Office Market and a Reversal in the Sublease Recovery

HOUSTON – (By Ralph Bivins, Realty News Report) – Maybe we got too carried away with optimism a new months ago when Houston’s supply of sublease office space dipped below 9 million SF. There’s been a reversal. Now, the sublease supply is back over 9 million SF, thanks to TechnipFMC dropping 376,000 SF on to the Energy Corridor market. NAI ... Read More »

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