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Category Archives: Houston

Lionstone Investments Moves HQ to Historic Building in Downtown

HOUSTON – (Realty News Report) – Houston-based Lionstone Investments relocated its headquarters to the historic 712 Main Street building, an asset it owns in a joint venture. “Lionstone chose 712 Main because of both its prime location and its historical significance,” said Lionstone President Jane Page. “We’ve been involved in the revitalization of the 1929-vintage building since we acquired it ... Read More »

Spaces Launching Two ‘Co-Working’ Office Facilities in Houston

HOUSTON – (Realty News Report) – Spaces, an international force in the “co-working” segment, is opening two new office locations in Houston, according to Midway. Spaces, described as a creative flexible workspace pioneer, is leasing space in downtown in Houston’s Innovation Corridor at GreenStreet in downtown  at 1201 Fannin. Spaces leased 63,000 SF in GreenStreet, a Midway mixed-use development covering ... Read More »

Hines Developing the Tallest Residential Building in Downtown – Groundbreaking in March

HOUSTON – (Realty News Report) – Hines will break ground in March on a 46-story residential tower, which will be the tallest apartment tower in downtown Houston. The development, called The Preston, is being developed with investment partners, Cresset Wealth Advisors and Levy Family Partners. The 373-unit project – completion is slated for the third quarter of 2022 – is ... Read More »

Contreras: DC Partners Reports Strong Sales at Arts Thompson Project in San Antonio

SAN ANTONIO –  Houston high-rise condo developer Roberto Contreras, CEO of DC Partners reports the Arts Residences at Thompson San Antonio Hotel is 65 percent sold, including three penthouses. The 61-unit project, slated for completion in early 2020,  will sit atop of a new Thompson Hotel. The condos are priced from the high $400s to $4.5 million for the penthouses. ... Read More »

Total Signs 305,680-SF Lease in Downtown Houston

HOUSTON – (Realty News Report) – Brookfield Properties announced that Total, part of the French energy giant, renewed and expanded its lease for its U.S. corporate offices at Total Plaza in downtown Houston. Under the terms of the new agreement, Total will retain its naming rights and lease 305,680 SF of office space, an expansion of 48,452 SF. Total has ... Read More »

From GreenStreet to Midtown’s Old Sears – The Innovation District Evolving Quickly

HOUSTON  — (Realty News Report) – MassChallenge, a startup accelerator that will nurture and launch inventors and entrepreneurial ventures, is opening a facility in GreenStreet, a mixed-used property in downtown Houston. The MassChallenge location at GreenStreet will represent the northern point of Houston’s new Innovation Corridor, a four-mile stretch of Houston from downtown to the Texas Medical Center. MassChallenge, which ... Read More »

48-Story Project Underway by Medistar in Texas Medical Center

HOUSTON – (Realty News Report) – Medistar Corp. will begin construction later this year on Innovation Tower, a 48-story, 1.6 million SF mixed-use project on Main Street by the Texas Medical Center, according to the Transwestern real estate firm. Innovation Tower will be located at 6700 Main Street, the site of the Sure Stay Plus by Best Western hotel, which ... Read More »

New Amenity-Loaded Office Towers Move Houston Market to “Reclassification” of Office Properties

HOUSTON –  (Realty News Report) – Downtown’s Houston office market is about to be redefined by a commercial real estate brokerage because new office towers have raised the bar for prime office properties. CBRE, the largest commercial real estate brokerage in Houston, is going to tackle a “reclassification” of office properties in downtown in 2019, says Cody Armbrister, CBRE’s senior managing ... Read More »

Motorcycle Retailer Leases Large Space

HOUSTON – (Realty News Report)  – NAI Partners recently arranged a 28,371-SF retail lease for Lucky Penny of Houston at 211 FM 1960 Road West in Houston. — Houston’s fifth-largest new retail lease of the fourth quarter of 2018, according to CoStar data. NAI Partners’ Laura Diggs represented the tenant in the transaction and NAI Partners’ Chris Holder represented the ... Read More »

Avison Young: Smooth Sailing Ahead for Houston

HOUSTON – (Realty News Report) – The consensus among local real estate pros is 2019 will be a good year for real estate in Houston. And it’s a plausible narrative. For one thing, job growth has been excellent. Some 114,400 new jobs were created in the 12 months ending in November.  The nattering nabobs of negativism say the   impressive job ... Read More »

NAI Partners Expands to Florida

HOUSTON – (Realty News Report) – Agellan Management Limited Partnership selected NAI Partners’ Landlord Services Division to be the exclusive managing agent for its Tampa and Sarasota, Fla.-area industrial portfolio. This is Houston-based NAI Partners’ first property management assignment outside the state of Texas. The three industrial properties total just under 2,000,000 SF. They are  6100 McIntosh Road (906,449 SF) ... Read More »

Crow Buys Greenway Plaza Area Building for New Residential Project

HOUSTON – (Realty News Report) – The old Southwestern Bell building on Weslayan near West Alabama has been sold for a multifamily development by Trammell Crow Residential. The building, a 400,000-SF structure, was built in the early 1970s. It was built on a 9-acre tract connected to Kenneth Schnitzer’s famous Greenway Plaza assemblage. Trammell Crow Residential is expected to brand ... Read More »

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